The Economic Times Markets Watch Newsletter

	Dated:28 March,2011

Top Headlines Sensex ends near 18950; Tata Motors, RInfra, L&T up According to analysts factors like tension in the middle-east, euro zone worries and radiation scare in Japan are likely to keep the bulls under check. Indian markets are not overvalued: Suresh Mahdevan, UBS Securities India is trading at long-term averages & we are bullish because at 15 times earnings, I don't think it's overvalued, says Suresh Mahdevan of UBS Sec. India, China MNCs must list on Asian bourses: Spice Group's Modi Bhupendra Kumar Modi called on Indian and Chinese corporations to focus on listing their stocks and shares in their respective countries or on Asian bourses. Views on Stocks/Markets Avoid real estate space: Ambareesh Baliga Sell Sterlite Technologies: Sudarshan Sukhani Avoid getting into Parsvnath: Sudarshan Sukhani IPO/Global Markets Seoul shares end flat FTSE gains, banks lead European stocks mixed at open Rupee / Gold Gold, silver dip Rupee ends 6-day rally Gold falls to Rs 21,095/10 gm More 'Market' News No direct holdings in Indian infra cos: Mobius Mark Mobius said he does not have any direct holdings in Indian infrastructure firms because of the opacity of firms. OIS down; lower-than-expected H1 borrowing helps Overnight indexed swaps were lower, helped by the lower-than-expected government borrowing in the first half of the fiscal year starting April. Regulator says Reliance Industries may not hit gas output target; stock down RIL may not touch peak output of 80 million standard cubic metre a day of gas from its east coast deep water block by April 2012.

Market Round-up SENSEX 18943.14 127.50 NIFTY 5687.25 33.00 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Omkar Speciality Chemical 41.95 + 20.03 PBA Infrastructure Ltd. 68.05 + 20.02 Sterlite Technologies Ltd 59.50 + 17.71 Bhansali Engineering Poly 39.30 + 16.96 Kandagiri Spinning Mills 111.75 + 16.22 NSE Losers Scrip Price(Rs.) %Change D B Realty Ltd. 83.55 -13.64 Kesar Terminals & Infrast 75.50 -10.12 Melstar Information Techn 8.10 -10.00 Visu International Ltd. 2.70 -8.47 Bhagwati Banquets & Hotel 103.70 -8.39