The Economic Times Markets Watch Newsletter

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	Dated:17 May,2013

Top Headlines Sensex advances for 4th day; up 39 points on higher inflows Banking stocks were in demand on hopes of interest rate cut. ICICI Bank rose 1.92%, SBI by 0.41% and Axis Bank by 0.185. Q4 results: Morgan Stanley maintains ‘overweight’ on ITC on attractive valuation ITC's consolidated net profit for the quarter stood at Rs 1,928 crore on Friday. ET Now had estimated a net profit figure of Rs 1,904 crore. Top 15 concerns on Just Dial IPO: HDFC Securities The company does have first mover advantage and along with strong brand recognition, it has attractive value propositions for SMEs. Views on Stocks/Markets Bullish on Maruti, Reliance; go long on Cipla: Gopi Krishna Suvanam Five hot stock picks in volatile markets Expect broader market to underperform benchmarks: StanC Securities IPO/Global Markets Nikkei at new 5-1/2-yr high ‘Subscribe to Just Dial IPO' China closes out 3rd wkly gain Rupee / Gold Gold up by Rs 10; silver steady Rupee edges down Gold traders scramble for supplies More 'Market' News Aditya Birla Money's six reasons why market rally will continue IMD has projected monsoon for the season at 98% of LPA with +/- 4% error. This would benefit the agricultural sector and help containing food inflation. Crisil Research assigns IPO grade ‘5/5’ to Just Dial This indicates that the fundamentals of the IPO are strong relative to the other listed equity securities in India. See FY14 earnings growth to be 7-8%: Jyotivardhan Jaipuria, BofA-ML "There will be a cap on the market as earnings and GDP growth will not be very exciting over the next six-nine months."	Market Round-up SENSEX 20286.12 38.79 NIFTY 6187.30 17.40 S&P500 1,650.47 .00 NASDAQ 3,465.24 .00 USD/INR 54.6973 -.02 NSE Gainers Scrip Price(Rs.) %Change MVL Industries Ltd. 22.50 + 423.26 GTN Textiles Ltd. 17.00 + 211.93 Hydro S & S Industries Lt 42.20 + 151.19 Parrys Sugar Industries L 52.10 + 150.48 Cura Technologies Ltd. 39.45 + 142.77 NSE Losers Scrip Price(Rs.) %Change Money Matters Financial S 107.05 -38.72 Indian Terrain Fashions L 55.00 -37.50 Salora International Ltd. 16.20 -35.33 SPL Industries Ltd. 2.65 -34.57 Madhav Marbles & Granites 15.10 -32.29

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