The Economic Times Markets Watch Newsletter

	Dated:30 March,2011

Top Headlines Sensex up 169 points; gains on easing oil prices, global cues Sensex recorded gains for the seventh straight da, on steady FII inflows and firm global cues as falling crude oil prices eased concerns of inflation. 2011 should be the year of infrastructure sector: Nilesh Shah, Axis Bank A combination of factors is driving the market and it is always difficult to predict the short-term trend, says Nilesh Shah, President, Axis Bank. Indian market one of worst-performing markets in Asia: Vasu Menon, OCBC Bank I would not pass the possibility that Indian stock market could weaken, but maybe not a lot more from where it is, says Vasu Menon, OCBC Bank. Views on Stocks/Markets Bear market is over for Thomas Cook: Sudarshan Sukhani Macro issues hurting market have turned positive: Fortune Financial Expect Nifty to consolidate in 5650-5800 range: Angel Broking IPO/Global Markets Nikkei hits 2-wk high PTC India slumps 16% $7.68 bn pulled out from global mkts Rupee / Gold Gold at Rs 20,729 Re ends at 44.745/dlr Gold buying to rise 15% More 'Market' News UBS downgrades Asian Paints to 'sell', cuts price target UBS has downgraded Asian Paints to "sell" from "buy" and cut price target to 2,500 rupees from 3,150 rupees as it expects the recent price hikes could impact sales volumes. DB Realty shares surge by 20 pc for second day on BSE Extending its gains for the second day, shares of DB Realty today jumped nearly 20 per cent on the Bombay Stock Exchange. Deepak Fertilisers to invest $350 mn in Australia; shares rise Deepak Fertilisers and Petrochemicals Corp would invest about $350 million to set up a technical ammonium nitrate manufacturing unit in Australia.

Market Round-up SENSEX 19290.18 169.38 NIFTY 5787.65 51.30 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Malu Paper Mills Ltd. 13.60 + 20.35 Shreyans Industries Ltd. 21.75 + 20.17 Star Paper Mills Ltd. 26.55 + 20.14 Lloyds Steel Industries L 19.40 + 20.12 Energy Development Compan 42.80 + 20.06 NSE Losers Scrip Price(Rs.) %Change PTC India Financial Servi 24.90 -11.07 Best & Crompton Engineeri 11.70 -8.24 Lakshmi Precision Screws 45.95 -8.10 BLB Ltd. 9.50 -7.77 Parsvnath Developers Ltd. 44.85 -7.43