The Economic Times Markets Watch Newsletter

	Dated:06 June,2011

Market Round-up SENSEX 18420.11 43.63 NIFTY 5532.05 15.30 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Jenson & Nicholson (India 5.60 + 20.43 New Delhi Television Ltd. 70.70 + 12.85 Jai Balaji Industries Ltd 205.85 + 12.76 UTV Software Communicatio 730.50 + 10.31 Tokyo Plast International 14.55 + 10.23 NSE Losers Scrip Price(Rs.) %Change KDL Biotech Ltd. 7.25 -9.38 Omkar Speciality Chemical 48.50 -8.83 Clutch Auto Ltd. 58.15 -7.33 Nuchem Ltd. 5.35 -6.14 GI Engineering Solutions 14.80 -6.03

Top Headlines Sensex ends at 18420; IT, pharma, capital goods up Equities ended volatiles session on a positive note due to lack of participation from investors in absence of direction to guide the market. Investors can use next round of sharp correction to stock up Franklin Templeton's Sukumar Rajah, says that beaten-down banks and scandal-hit telecom sector offer value. Investors should focus on the long-term return potential. Expect markets to drift downwards over few weeks: Kotak Mahindra Bank Right now the market looks range bound and there is a downward bias both on domestic and global scene, says C Jayaram of Kotak Mahindra Bank. Views on Stocks/Markets Market is still in a very narrow range: Ashwani Gujral Put TCS, Infosys on HOLD: Deepak Mohoni Infra space doesn't inspire confidence: Ashwani Gujral IPO/Global Markets Nikkei falls to 11-week closing low European shares fall World stocks fall Rupee / Gold Rupee up on local shares Investors see fall in commodity Silver rallies on global cues More 'Market' News Maruti Suzuki strike at Manesar plant disrupts production; stock falls Maruti Suzuki said its Manesar plant has stopped functioning, resulting in a production loss of about 1,200 units as a workers' strike entered third day. IT firms will now look at non-linear growth: Nirmal Bang Inst Equities As of now, we believe that the management rejig is something that is necessary for the IT firm. We still like Indian equities: Stephen Davies, Javelin Wealth Management For the time being, we are not allocating any money directly to the Indian market specifically, says Stephen Davies, CEO, Javelin Wealth Management.