The Economic Times Markets Watch Newsletter

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	Dated:23 January,2013

Top Headlines Sensex recovers 45 points in volatile trade; Bharti in limelight The Sensex, which had lost 120 points in the previous session, bounced back by 45.04 points, or 0.23 per cent to close at 20,026.61 points. Bharti Airtel top pick in telecom sector post tariff hike: Analysts Bharti Airtel has doubled the call rates to Rs 2/min. The company is likely to benefit more from the proposed hike, say analysts. Expect bumper 2013 for riskier assets: Mark Mobius Mark Mobius sees a bumper year ahead for riskier assets as hundreds of billions of dollars flows off bank balance sheets and back into markets. Views on Stocks/Markets Sell Tata Motors with a target of Rs 298: Sandeep Wagle Buy MindTree with a target of Rs 820: CK Narayan Buy Asian Paints with a target of Rs 4530: Sandeep Wagle IPO/Global Markets 'Website plans $125 mn IPO' Asian shares retreat HDFC plans to raise Rs 5 bn Rupee / Gold India gold buying down Rupee gains Gold up Rs 95 More 'Market' News CLSA maintains 'outperform' rating on Dish TV The brokerage has maintained 'outperform' rating on the stock, but has lowered its price target to Rs 82 after the company announced its third quarter results. Should investors sell HUL after brokerage downgrades? HUL is going through a structural downtrend. The lack of incremental growth drivers in the core product portfolio, volume de-growth and royalty overhang has taken a toll on the stock. Jaypee Infra share sale on Thursday to cut parent stake Jaiprakash Associates Ltd, which owns about 83% of Jaypee Infratech, will sell 27.9 mn shares to institutional investors with an option to increase it by another 70.6 mn.	Market Round-up SENSEX 20026.61 45.04 NIFTY 6054.30 5.80 S&P500 1,402.22 .87 NASDAQ 3,011.25 -4.61 USD/INR 53.6448 -.11 NSE Gainers Scrip Price(Rs.) %Change Ajanta Pharma Ltd. 491.45 + 20.00 Datamatics Global Service 35.30 + 11.53 Gandhi Special Tubes Ltd. 182.10 + 11.21 Visu International Ltd. 1.65 + 10.00 JMT Auto Ltd. 78.10 + 10.00 NSE Losers Scrip Price(Rs.) %Change Spectacle Infotek Ltd. 2.20 -15.38 Housing Development & Inf 96.25 -14.41 Soma Textiles & Industrie 4.50 -10.00 Quintegra Solutions Ltd. 1.45 -9.38 Jaypee Infratech Ltd. 48.60 -8.47

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The Economic Times Markets Watch Newsletter

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	Dated:22 January,2013

Top Headlines Sensex dips below 20K mark, down over 120 pts on profit-booking Snapping a 3-day upsurge, the Sensex today fell by 120.25 points to close below the 20K mark on market participants booking profits at higher levels. Indian equity markets attractively valued: JP Morgan Market confidence in Euro zone has improved on the back of a positive aggressive action by the European central bank. GSK Consumer open offer: Makes sense for investors to go for it When promoters launch open offers to buy shares at a premium, it is logical that retail shareholders should make the best of it. Views on Stocks/Markets United Spirits deal with Diageo on track; upgrade to 'underperform': CLSA ARPUs not showing any improvement: Ambareesh Baliga Go short on Titan closer to 300: Ajay Srivastava IPO/Global Markets Global markets hit 20-mth high Europe markets tread water Asian markets rise Rupee / Gold Re lower on weak shares Govt ups import duty on gold Gold prices up Rs 40 More 'Market' News Deccan Chronicle: Promoters' holding slips to 38% Deccan Chronicle Holdings has announced a net loss of over Rs 1,040 crore for the 18 months period ended Sept 2012. Don't expect significant rate cut by RBI: Keki Mistry, HDFC There will be a 0.25% cut in rates in January and the RBI will watch again for the next couple of months, says Keki Mistry. Goldman Sachs forecasts gold rally as US debates debt Gold may climb over the next 3 months as US lawmakers attempt to tackle the debt ceiling as the world's largest economy slows, Goldman Sachs said.	Market Round-up SENSEX 19981.57 -120.25 NIFTY 6048.50 -33.80 S&P500 1,402.22 .87 NASDAQ 3,011.25 -4.61 USD/INR 53.7507 -.04 NSE Gainers Scrip Price(Rs.) %Change Nagreeka Exports Ltd. 23.45 + 19.95 JMT Auto Ltd. 71.00 + 19.93 Winsome Yarns Ltd. 17.65 + 13.87 Lloyds Steel Industries L 15.35 + 12.04 Pudumjee Industries Ltd. 13.80 + 9.96 NSE Losers Scrip Price(Rs.) %Change Jindal Cotex Ltd. 63.05 -17.37 Prime Securities Ltd. 8.85 -16.11 Vikas GlobalOne Ltd. 182.50 -15.02 Future Market Networks Lt 22.35 -9.88 Zensar Technologies Ltd. 263.30 -9.53

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