The Economic Times Markets Watch Newsletter

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	Dated:18 January,2010

Top Headlines Equities snub Asian weakness; HDFC twins, TCS gain A lot of stock-specific action was witnessed given the ongoing earnings season. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE I 52 Week: High, Low Large investors show interest in NTPC FPO The NTPC FPO is likely to help raise over Rs 8,000 crore for the government. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE | India a safe bet Timing of easy policy exit a challenge: RBI Reserve Bank of India Governor Duvvuri Subbarao said that the challenge was to support growth without compromising price stability. Views on Stocks/Markets We would suggest a buy call on gold at 16,600 levels: Kishore Narne Buy and hold Ambuja Cements for Rs 130: Nirmal Bang Parag Parikh recommends ICRA and CRISIL IPO/Global Markets Asian stocks slide RCom may sell 5% in pre-IPO deal Japanese stocks end down 1.16% Rupee / Gold Gold down by Rs 9 Rupee ends at 45.675/68 Gold eases on reduce offtake More 'Market' News TCS surges to record high on brokerage upgrades Tata Consultancy Services net profit rose 34% to Rs 1,824 crore during Q3 while revenues rose 5.1% to Rs 7,649 crore. Wholesale sugar prices dip for now Wholesale sugar prices have fallen 10 to 12% in the past two to three days but analysts expect the dip to be temporary amid local supply shortages. Govt eyes cash bills for short-term funds Govt is considering using cash management bills with an average tenor, or maturity, of 30 days to finance its short-term demand for funds.		Market Round-up SENSEX 17641.08 86.78 NIFTY 5274.85 22.65 NASDAQ 2176.05 6.87 DJIA 10426.31 -11.11 RS/$ 46.25 -0.16 NSE Gainers Scrip Price(Rs.) %Change ChemfabAlkal 70.60 + 20.07 BhartiyaIntl 92.55 + 20.04 Apcotex Ind 116.35 + 20.01 VinatiOrgnic 83.75 + 19.39 Hind Copper 513.60 + 18.74 NSE Losers Scrip Price(Rs.) %Change LakshmMillCo 2,112.45 -8.14 IndoContInds 12.50 -7.41 Navneet Pub 48.25 -6.94 OrientAbrasv 29.85 -6.43 Cybertech 24.15 -6.03

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