Sensex ends in green; L&T, Cipla, ICICI, RCom up - The Economic Times Markets Watch Newsletter

	Dated:24 May,2011

Market Round-up SENSEX 18011.97 18.64 NIFTY 5394.85 8.30 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Smartlink Network Systems 100.40 + 19.81 Remsons Industries Ltd. 22.75 + 17.27 Software Technology Group 5.15 + 14.44 KDL Biotech Ltd. 5.80 + 13.73 Advani Hotels & Resorts ( 39.30 + 12.29 NSE Losers Scrip Price(Rs.) %Change J B Chemicals & Pharmaceu 126.10 -12.85 Sambandam Spinning Mills 88.75 -9.72 United Nilgiri Tea Estate 132.10 -8.87 D B Realty Ltd. 68.85 -8.81 Manjushree Technopack Ltd 72.00 -8.51

Top Headlines Sensex ends in green; L&T, Cipla, ICICI, RCom up Benchmarks ended choppy session on a positive due to lack of buying conviction amongst investors in absence of any trigger to drive the market. Sensex should cross 21000 near March 2012: Motilal Oswal Securities Manish Sonthalia, Senior VP-Fund Manager, Motilal Oswal Securities sees 20-25% upside in market levels over the next nine months. Indian markets eke out rise; Reliance Industries, L&T gain Sensex notched a modest gain, led by Reliance Industries and Larsen & Toubro , but the market lacked conviction of sustaining the rise. Views on Stocks/Markets Buy cement stocks on dips: Ashwani Gujral Buy United Phosphorus on dips: Sudarshan Sukhani Avoid getting into Kingfisher Airlines: Sudarshan Sukhani IPO/Global Markets Asian markets steady Taiwan stocks end flat European stocks firm at open Rupee / Gold Re ends at 45.21 Gold hits two-week high More 'Market' News Aurobindo Pharma shares continue to reel from USFDA knock Aurobindo tumbled for a second day after a warning letter from the US FDA seeking a detailed action plan for improvement of its Hyderabad facility. PVR plans equity share buy back; stock ends down PVR Ltd said it plans to buy back shares entailing an outgo that will not exceed 10 per cent of its paid up equity share capital and free reserves. CIL unions threaten strike, seek higher pay; stock down Coal India unions have threatened a three-day strike if the company does not raise salaries next month.