Sensex ends lower; M&M, Hindalco, ONGC decline- The Economic Times Markets Watch Newsletter

	Dated:30 May,2011

< Market Round-up SENSEX 18232.06 -34.04 NIFTY 5473.10 -3.00 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Mangalam Timber Products 18.55 + 20.06 TCI Developers Ltd. 216.30 + 20.00 Rajapalayam Mills Ltd. 511.20 + 20.00 Consolidated Construction 33.00 + 17.86 ARSS Infrastructure Proje 436.55 + 17.80 NSE Losers Scrip Price(Rs.) %Change Sanghvi Forging & Enginee 96.85 -19.99 Paramount Printpackaging 24.25 -18.90 Vikash Metal & Power Ltd. 20.10 -16.42 IFB Industries Ltd. 117.80 -16.01 Hindustan Dorr-Oliver Ltd 61.65 -14.20

Top Headlines Sensex ends lower; M&M, Hindalco, ONGC decline Benchmarks snapped two-day winning streak and ended choppy session in the negative terrain due to lack of buying support near resistance levels. Good time to build positions in mid-cap stocks: Edelweiss Securities Main focus is on those stocks which are offering significant amount of value at this point of time, says Vikas Khemani of Edelweiss Securities. There is still good money to be made in EMs: RBS If valuation is compressed by 20-25%, we would certainly be forced to have a more constructive look at Indian market, says Emil Wolter of RBS. Views on Stocks/Markets Buy Coal India on dips: Sudarshan Sukhani Good time to build positions in technology space: Gaurav Doshi Buy Hindustan Zinc and Hindustan Copper: Deepak Mohoni IPO/Global Markets State Bank of Travancore board nods rights issue Timbor Home IPO opens on Tuesday Greek debt fears curb world stocks Rupee / Gold Rupee gains 8 paise against USD Gold demand stays weak Gold falls to Rs 22,820 More 'Market' News M&M Q4 net profit up 6.3% at Rs 606 crore, lags forecast M&M reported a 6.3 pc rise in quarterly net profit, driven by strong volume growth, but lagged forecasts as higher raw material costs weighed on margins. Cairn India drops amid uncertainty over royalty sharing issue Cairn India fell by over four per cent in morning trade on bourses as jittery investors went for panic selling amid uncertainty over the royalty sharing issue. Emerging market equity funds see outflow of $1-bn last week Emerging market equity funds continued to see outflows as investors pulled out USD 1 billion last week on worries over Eurozone debt crisis.