The Economic Times Markets Watch Newsletter

	Dated:17 March,2011

Top Headlines Nifty ends below 5450; Maruti, HDFC, DLF down Markets ended in negative territory as concerns of rising crude oil prices and expectations of more rate hikes kept the bulls under check. Indian markets have shown resilience: Adrian Mowat, JP Morgan Adrian Mowat, MD & Chief EM Strategist, JP Morgan says that there will not be large inflows into emerging markets at the moment. India outperforming Asia, emerging markets: Todd Martin, Societe Generale Todd Martin, Asia Equity Strategist, Societe Generale says there is a maximum downside of 5-10% and India is outperforming Asia and emerging markets. Views on Stocks/Markets Keep away from MindTree: Technical Trends RComm set to outperform market : Technical Trends Buy HDFC Bank, ICICI; Avoid PSBs : AlfAccurate Advisors IPO/Global Markets Wall St rebounds, Japan fears remain Asian shares resume losses European stocks halt 6-day slide Rupee / Gold Gold up Rs 12 Re ends at 45.18/19 Gold recovers marginally More 'Market' News I-T's claims in Harshad scam cleared The I-T department has got its full share of the amount that was due from the late stock broker Harshad Mehta. Fame India gains 20 pc, stock hits upper limit on BSE Shares of multiplex chain operator Fame India shot up by nearly 20%, hitting its upper limit on the BSE driven by massive buying by the investors. Reliance Infra gets $1.6 bn power plant order; stock up Reliance Infra said it has secured an order worth Rs 72 billion to build a 2,400 megawatt power plant in south India for group firm Reliance Power.

Market Round-up SENSEX 18149.87 -208.82 NIFTY 5446.65 -64.50 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Fame India Ltd. 57.75 + 20.06 Piramal Life Sciences Ltd 101.80 + 20.05 Acropetal Technologies Lt 122.55 + 20.03 Cinemax India Ltd. 49.60 + 18.80 Empee Distilleries Ltd. 115.00 + 14.26 NSE Losers Scrip Price(Rs.) %Change Central Bank of India 143.15 -16.38 Jyothy Laboratories Ltd. 201.55 -12.64 Farmax India Ltd. 5.35 -10.08 Remsons Industries Ltd. 18.00 -10.00 Blue Chip India Ltd. 1.40 -9.68