The Economic Times Markets Watch Newsletter

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	Dated:18 January,2013

Top Headlines Sensex closes above 20k first time in two years The Sensex gained 75.01 pts, or 0.38%, to close at 20,039.04, a level last seen on January 6, 2011. The gauge surged 146 pts in the previous session. Wipro Q3 profit rises 18%; joins Infosys, TCS in beating forecasts Wipro, whose customers include Apple and BP , said Q3 net profit rose to Rs 1716 cr from Rs 1456 cr a year earlier. HDFC Bank Q3 PAT up 30% at Rs 1,860 crore; stock slips The bank's NII for the quarter increased to Rs 3,880 cr, up 24.5%, as compared to Rs 3,116 cr in the same period a year ago. Views on Stocks/Markets Hero MotoCorp to underperform Sensex: Morgan Stanley TCS continues to remain our top pick in IT space: Religare Capital 2013 outlook on oil & gas companies is stable: India Ratings IPO/Global Markets World shares hit 20-month high Hong Kong shares hit 19-1/2 mth high Nikkei has 10th straight week of gains Rupee / Gold Gold extends losses Gold importers active Rupee hits 2-1/2 month high More 'Market' News ITC Q3 net profit up 21% at Rs 2050 crore, beats forecast ITC said its net profit rose to Rs 2050 cr for the quarter ended December 31, up from Rs 1700 cr a year earlier. Should you use the crash in Wipro stock to enter the counter? The stock now trades at a trailing price-earnings ratio of 16, which is on a lower side when compared with the recent trend. Nomura says rally in state oil stocks overdone Nomura said the rally in OMCs was excessive & action would not lead to any improvement in the bottom line of these companies.	Market Round-up SENSEX 20039.04 75.01 NIFTY 6064.40 25.20 S&P500 1,402.22 .87 NASDAQ 3,011.25 -4.61 USD/INR 54.4558 -.33 NSE Gainers Scrip Price(Rs.) %Change Ranklin Solutions Ltd. 8.50 + 19.72 DPSC Ltd. 28.45 + 14.03 Vikas GlobalOne Ltd. 230.70 + 10.83 Indian Oil Corporation Lt 349.30 + 10.57 Bharat Petroleum Corporat 434.95 + 9.79 NSE Losers Scrip Price(Rs.) %Change Marg Ltd. 41.60 -11.30 IOL Netcom Ltd. 2.70 -10.00 Exide Industries Ltd. 126.00 -9.48 Glory Polyfilms Ltd. 2.05 -8.89 Atul Ltd. 361.05 -8.85

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The Economic Times Markets Watch Newsletter

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	Dated:17 January,2013

Top Headlines Sensex ends higher; oil and IT stocks surge Markets advanced for the third time in four days, led by gains in state-run oil companies after the government allowed them to set diesel prices. Expect India to outperform emerging markets in 2013: JPMorgan "The macro environment in China has stabilised, but the index composition is less attractive than India," says Adrian Mowat. HCL Tech rallies 7% post stellar Q2 results; hits 12-year high HCL Technologies surged nearly 7% to hit its 12-year high after the company reported better-than-expected second quarter results. Views on Stocks/Markets Brokerages remain bullish on HCL Tech post Q2 results Govt authorising OMCs to revise diesel prices a positive move: Anand Rathi We advise to adopt 'buy on dips' strategy going forward: Geojit BNP Paribas IPO/Global Markets World markets steady Europe markets down Asian markets retreat Rupee / Gold Rupee hits over 1-mth high Gold prices dip Rs 175 Importers stock up gold More 'Market' News UBS remains bullish on Indian markets; upgrades IT, metals UBS remains bullish on Indian shares, but says returns in 2013 would be front-loaded as first half would be supported by an easing rate cycle. Partial deregulation of diesel prices may lead to re-rating of oil space: Analysts According to analysts, the move is positive for HPCL, BPCL, ONGC and Oil India Ltd. OMCs are currently losing a little over Rs 9/ltr on diesel. Expect RBI to lower interest rate by 25 bps in Jan policy: Prabhudas Lilladher "The reforms needs to continue and the most important fact is the realignment of energy prices, diesel and LPG prices in line with global prices."	Market Round-up SENSEX 19964.03 146.40 NIFTY 6039.20 37.35 S&P500 1,402.22 .87 NASDAQ 3,011.25 -4.61 USD/INR 54.7891 .21 NSE Gainers Scrip Price(Rs.) %Change Sundaram Brake Lining Ltd 170.20 + 19.61 Vikas GlobalOne Ltd. 208.15 + 19.28 Aanjaneya Lifecare Ltd. 828.60 + 17.08 Mahindra Ugine Steel Comp 68.60 + 16.27 TCI Finance Ltd. 33.80 + 13.23 NSE Losers Scrip Price(Rs.) %Change IOL Netcom Ltd. 3.00 -20.00 Cinevista Ltd. 4.30 -9.47 Super Sales India Ltd. 248.40 -7.28 MVL Industries Ltd. 5.10 -7.27 GKB Ophthalmics Ltd. 29.55 -7.22

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