The Economic Times Markets Watch Newsletter

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	Dated:08 January,2013

Top Headlines Expect Sensex to touch 21300 by end of 2013: BNP Paribas Markets may be close to a new high in absolute terms but it is nowhere close to a new high in terms of valuation, says Manishi Raychaudhuri. Infosys valuations trail TCS, Wipro, HCL Technologies Infosys shares fell 16.2 per cent in 2012 underperforming peer Tata Consultancy Services which rose 8.2 per cent in the same period. Sensex ends 51 points up on fag-end buying Paring initial losses, the BSE benchmark Sensex today gained 51 points to end at 19,742.52 on fag-end buying, mainly in SBI and ITC shares. Views on Stocks/Markets MCX stock may rise 25% to Rs 1800 in long term: JM Financial Top 12 stock bets for 2013 by ICICI Securities BofA-ML upgrades SBI, BoB, OBC to 'buy' on rate cut hopes IPO/Global Markets Bhushan Steel to raise Rs 475 cr Nikkei falls for second day China shares fall from 7-mth high Rupee / Gold Rupee gains on fund inflows Gold, silver decline Gold premiums at 2-mth high More 'Market' News PVR acquires controlling stake in Cinemax India; stock up 10% Ajay Bijli-led PVR Ltd surged over 10 per cent in afternoon trade after the company said it has purchased controlling stake in Cinemax India Ltd. India may face ratings downgrade in 12-24 months: Fitch Stating that the govt is likely to miss its fiscal deficit target, Fitch said that India may face a credit ratings downgrade in the next 12-24 months. Re-jig of fuel subsidies will be a game changer for markets: Axis MF We do believe that fair amount of money will start coming into mutual funds once we start seeing a new high in this marketplace, says Rajiv Anand.	Market Round-up SENSEX 19742.52 51.10 NIFTY 6001.70 13.30 NASDAQ 3098.81 -2.85 DJIA 13384.29 -50.92 RS/$ 54.99 -0.24 NSE Gainers Scrip Price(Rs.) %Change Indo Thai Securities Ltd. 16.00 + 19.85 JMT Auto Ltd. 55.35 + 19.29 Aftek Ltd. 10.35 + 18.97 Sterling Biotech Ltd. 7.55 + 18.90 Assam Company (India) Ltd 8.50 + 17.24 NSE Losers Scrip Price(Rs.) %Change Hotel Rugby Ltd. 27.75 -9.90 GI Engineering Solutions 5.25 -9.48 MVL Industries Ltd. 5.25 -7.08 Nath Seeds Ltd. 6.80 -6.85 IMP Finance Ltd. 37.50 -6.83

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