State Bank of India hikes lending rates by 25 bps -The Economic Times Markets Watch Newsletter

	Dated:19 April,2011

Market Round-up SENSEX 19121.83 30.66 NIFTY 5740.75 11.65 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change TCI Developers Ltd. 282.80 + 2728.00 Pearl Engineering Polymer 4.55 + 31.88 Bhagyanagar India Ltd. 22.30 + 20.22 Motor & General Finance L 60.55 + 20.02 Bharat Gears Ltd. 69.30 + 20.00 NSE Losers Scrip Price(Rs.) %Change Software Technology Group 6.20 -40.38 Keynote Corporate Service 52.65 -11.66 Evinix Industries Ltd. 1.25 -10.71 Saregama India Ltd. 76.95 -8.34 Polar Industries Ltd. 5.00 -8.26

Top Headlines Sensex snaps 2-day fall; HDFC Bank, Cairn rise Sensex eked out a 0.2 per cent gain on Tuesday after falling for two consecutive sessions, but trading was volatile. State Bank of India hikes lending rates by 25 bps SBI also increased its benchmark lending rate by the same margin which would mean the existing borrowers also have to pay more for their loans. Senior Wipro executives flood job market with CVs Wipro which last quarter named a new CEO and drastically altered the way it does business, is seeing a huge churn among its senior staff. Views on Stocks/Markets Investors should wait and watch telecom sector stocks: CRISIL Research Market may see further downside: Ashwani Gujral Sell Indiabulls Real Estate: Sudarshan Sukhani IPO/Global Markets World mkts mixed on US debt warning Fame board OKs rights issue Muthoot IPO fails to shine Rupee / Gold Gold, silver captures new peak Rupee off lows on euro recovery Gold futures slip on profit-taking More 'Market' News Indian banks' valuations among most expensive in world: Paul Schulte In interview with ET Now, Paul Schulte of China Construction Bank International talked about attractiveness of Indian banking sector relative to Asian peers. Retail investors turn value buyers as FIIs exit Attractive valuations prompted investors to go for a 'value buying' in many cos, particularly those which have a high growth visibility. High oil prices to boost Reliance Industries, ONGC Q4 Falling gas output and a rising subsidy burden are expected to weigh on the respective outlooks of energy major Reliance Industries and ONGC.