The Economic Times Markets Watch Newsletter

To ensure delivery directly to your inbox, Please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here.
	Dated:19 March,2013

Top Headlines Sensex tumbles 285 points after DMK ditches UPA Financial and interest sensitive stocks were major losers and pulled down the benchmark to suffer its biggest single day loss in last three weeks. Way ahead for markets post RBI policy stance, DMK pullout Economists are of the view that the RBI is not likely to end its rate easing cycle here and at least two more rate cuts can be expected. Cyprus tax to have little impact on India The recent initiative by EU to tax the depositors in Cyprus may not have significant impact to Indian markets due to small amount of investment through that country. Views on Stocks/Markets Jefferies initiates NMDC with 'Buy' with a target of Rs 183 Citigroup downgrades Sun TV; shares fall Hindalco attractive among commodity space: Deven Choksey IPO/Global Markets China shares end higher Nikkei gains 2 pc HK shares close down Rupee / Gold Gold up on firm global cues 'Rupee takes double blow' Re weakens on political woes More 'Market' News Political uncertainty may hurt reform process: Nomura DMK's pullout from the UPA government introduces an element of uncertainty in the political situation and is thus bad for the reforms process, Nomura said. Foreign investors losing faith a key risk Whether foreign investors lose faith in Indian markets poses a key risk, given their strong purchases of stocks and debt last year helped contain CAD. Sebi issues colour codes for mutual funds As per the norms, product labels carrying details about the schemes would be disclosed on the front page of initial offering application forms.	Market Round-up SENSEX 19008.10 -285.10 NIFTY 5745.95 -89.30 S&P500 1,556.92 4.82 NASDAQ 3,116.25 -45.57 USD/INR 54.2002 -.01 NSE Gainers Scrip Price(Rs.) %Change Bharatiya Global Infomedi 5.70 + 20.00 AML Steel Ltd. 6.50 + 17.12 Linde India Ltd. 355.90 + 16.63 ABG Shipyard Ltd. 317.45 + 12.77 Ashima Ltd. 3.60 + 10.77 NSE Losers Scrip Price(Rs.) %Change Salona Cotspin Ltd. 15.80 -28.02 Manappuram Finance Ltd. 27.70 -19.94 Best & Crompton Engineeri 4.25 -15.84 Chettinad Cement Corporat 726.25 -15.05 Vikas GlobalOne Ltd. 92.75 -13.76

About Us | Advertise with Us | Terms of Use and Grievance Redressal Policy | Privacy Policy | Feedback | Sitemap Copyright © 2013 Bennett Coleman & Co. Ltd All rights reserved. For reprint rights: Times Syndication Service If you want to unsubscribe the service, please click here.