The Economic Times Markets Watch Newsletter

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	Dated:21 January,2013

Top Headlines Led by RIL, Sensex scales fresh 2-year high Extending gains for the third straight day, the Sensex settled at 62.78 points, up at 20,101.82 - its highest level since January 6, 2011. Reliance Comm's deal with RIL inevitable for 4G rollout: CLSA "RIL is the only pan-India 4G spectrum owner...its best option remains to lease towers from Reliance Infratel," said CLSA. Diesel price hike likely to benefit BPCL, IOC, HPCL: Moody's The govt's move to authorise the state-run OMCs to hike the fuel price periodically is credit positive for BPCL, HPCL and IOC. Views on Stocks/Markets Buy Reliance Comm with a target of Rs 96: Ashwani Gujral Buy Gitanjali Gems Ltd with a target of Rs 625: CK Narayan Hold Shipping Corporation with a target of Rs 57.8: Rajat Bose IPO/Global Markets Hong Kong stocks end flat European shares edge up Asian markets mixed Rupee / Gold Rupee falls on sustained oil demand Gold up Rs 25 Gold importers wary of new deals More 'Market' News Nifty futures breach 6,100; premium over spot expands Among heavyweight stocks - Reliance, ITC, Infosys, Tata Consultancy Service have beaten their earnings estimates for the December quarter. HDFC Q3 net profit up 27.5 pc at Rs 1,706 cr Housing finance major HDFC today reported a 27.55% jump in net profit at Rs 1,705.83 crore for the quarter ended Dec 31. Global markets seem to be in a complacent phase: Jim Walker, Asianomics In an interview with ET Now, Jim Walker, MD & Founder, Asianomics, gives his views on the global economy and markets, and talks about the rate cut and expectations from the Indian Budget.	Market Round-up SENSEX 20088.03 48.99 NIFTY 6084.05 19.65 S&P500 1,402.22 .87 NASDAQ 3,011.25 -4.61 USD/INR 53.7865 .00 NSE Gainers Scrip Price(Rs.) %Change JMT Auto Ltd. 59.20 + 19.96 Finolex Industries Ltd. 71.45 + 17.42 Panama Petrochem Ltd. 149.95 + 12.74 AXIS-IT&T Ltd. 79.50 + 11.81 MBL Infrastructures Ltd. 209.85 + 10.94 NSE Losers Scrip Price(Rs.) %Change Shree Ganesh Forgings Ltd 2.25 -23.73 Quintegra Solutions Ltd. 1.55 -18.42 Decolight Ceramics Ltd. 11.90 -9.85 Upper Ganges Sugar & Indu 43.30 -9.41 IOL Netcom Ltd. 2.45 -9.26

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