The Economic Times Markets Watch Newsletter

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	Dated:04 February,2013

Top Headlines Sensex ends in red; falls 30 points on profit-booking The Sensex today closed 30 points lower due to profit-booking mainly in banking and oil stocks amid weak quartelry earnings by some banks. Analysts not convinced of a big-bang market rally ahead of Budget Analysts feel that most of the good news is already factored in and valuations are no longer at attractive levels. Investors should be brave as recession fears recede: HSBC Global AMC Bill Maldoando tells ET that he's bullish on Indian equities and that stocks are the best asset class for investment in 2013. Views on Stocks/Markets Brokerages up Bharti Airtel's target price post results Markets are likely to pause until the budget: Motilal Oswal AMC See profit taking in mid-cap stocks: Sangeeta Purushottam IPO/Global Markets Europe mkts hold near multi-yr highs Asian mkts climb to 18-month high Nikkei rises to a new 33-month high Rupee / Gold Gold prices decline for third day Re ends off 3-1/2 month high Gold traders clear old stocks More 'Market' News 2013 will be a good year for large cap IT stocks: Religare We are bullish on banking, auto and IT stocks, and have a year-end Sensex target of 22,500, says Varun Lohchab. No exposure on M&M; ICICI is a good play: Michael Kurtz, Nomura India will remain vulnerable now to pick up in cost of energy and commodities globally as recovery continues to unfold, says Michael Kurtz. Stock mutual funds fail to capitalise on January rally; outlook muted Diversified stock MFs underperformed the market by a wide margin in January, as exposure to financials and to mid- and small-cap stocks hit returns.	Market Round-up SENSEX 19751.19 -30.00 NIFTY 5987.25 -11.65 S&P500 1,402.22 .87 NASDAQ 3,011.25 -4.61 USD/INR 53.2152 .00 NSE Gainers Scrip Price(Rs.) %Change Apar Industries Ltd. 151.90 + 16.80 Amar Remedies Ltd. 42.05 + 13.65 Sita Shree Food Products 6.85 + 13.22 PAE Ltd. 12.95 + 12.61 Himadri Chemicals & Indus 24.50 + 11.36 NSE Losers Scrip Price(Rs.) %Change Gangotri Textile Ltd. 2.50 -24.24 Commercial Engineers & Bo 47.75 -19.95 Avanti Feeds Ltd. 136.35 -13.24 Paramount Printpackaging 2.15 -10.42 GSL Nova Petrochemicals L 1.65 -8.33

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