The Economic Times Markets Watch Newsletter

	Dated:11 March,2011

Top Headlines Nifty ends near 5450; BHEL, RCom, Sterlite down Markets recovered from day's lows and ended near support levels as earthquake in Japan, weak US economic data hurt sentiments. Japan earthquake unlikely to impact Indian economy: JP Morgan Adrian Mowat, MD & Chief EM Strategist, JP Morgan, says that people in India shouldn't change their investment strategy because of this tragedy in Japan. Indices unable to hold crucial levels; more selling seen ahead on Nifty Markets are moving in a range-bound fashion. RBI is expected to raise key policy rates by 25 basis points at its mid-quarter policy review. Views on Stocks/Markets Tata Steel may lose Rs 50-60: Ashwani Gujral Sell Educomp and BHEL: Ashwani Gujral Ambit upgrades Sesa Goa to 'buy' from 'hold' IPO/Global Markets European shares hit 3-month low Asian stocks drop on Japan quake PTC India Fin Services to launch IPO Rupee / Gold Gold falls 1.5 pc on dollar gains Rupee down on local shares Gold edges up; demand retreats More 'Market' News Banking stocks: Time to pick and choose, say analysts Banks have underperformed market. It is best to bet on banks with strong CASA and avoid those most exposed to margin pressure, say analysts. BNP Paribas upgrades NHPC to buy BNP Paribas Securities has upgraded NHPC to 'buy' from 'hold' to factor in planned capacity additions of the firm. Gokaldas: Blackstone must take some tough decisions PE firm Blackstone's decision to take the management control of Gokaldas Exports has restored investor interest back in the stock of the ailing garment exporter.

Market Round-up SENSEX 18174.09 -153.89 NIFTY 5445.45 -48.95 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Indian Terrain Fashions L 83.55 + 735.50 Sudar Garments Ltd. 113.10 + 46.88 Bedmutha Industries Ltd. 120.75 + 20.03 Celebrity Fashions Ltd. 17.10 + 20.00 Alfa Laval (India) Ltd. 1,343.30 + 13.85 NSE Losers Scrip Price(Rs.) %Change Blue Chip India Ltd. 1.40 -9.68 Amit Spinning Industries 2.85 -9.52 Winsome Yarns Ltd. 2.40 -9.43 Super Spinning Mills Ltd. 10.45 -9.13 Mid-Day Multimedia Ltd. 6.00 -9.09