The Economic Times Markets Watch Newsletter

	Dated:16 November,2009

Top Headlines Sensex closes at 17000; realty, auto, metals up Equities ended on a firm note today, led by gains in auto, realty and metal sectors. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE Top 10 Sensex cos add Rs 1-lakh cr to M-cap Reliance Industries helped eight of the top 10 Sensex firms add over Rs 1 lakh crore in their market valuation during the last week. No clear direction on stock indices seen this week Stock indices could move indecisively the week ahead, like they have in the past couple of weeks, say brokers. Views on Stocks/Markets 'The next big driver for the markets would be the earnings expansion' Buy GE Shipping with stop-loss of Rs 246: Nirmal Bang Market headed to 5400-5500 level: Sanjay Dutt, Quantum Securities IPO/Global Markets Hong Kong shares close higher World stocks buoyant Cox and Kings fixes IPO price band Rupee / Gold Re ends at 46.23/24 Gold up Rs 81 Gold consumption may be steady More 'Market' News Returns of mid-cap funds decline Mid-cap funds which have been the fire flies in the past few months seems to be taking a heavy beating as the markets enter the corrective zone. Sensex at 20K is possible: R. Venkatraman, ED, India Infoline The mood is upbeat. The markets will look up and we will see a huge amount of foreign dollars coming in, Venkatraman told ET Now. FMC offers more options to hedge against price risk Constituents of India's fragmented commodities spot market will get an added option of hedging themselves against price risk and volatility.		Market Round-up SENSEX 17032.51 183.68 NIFTY 5058.05 59.10 NASDAQ 2167.88 18.86 DJIA 10270.47 73.00 RS/$ 46.50 0.00 NSE Gainers Scrip Price(Rs.) %Change BF Utilities 1,069.00 + 20.00 Asian Eletrn 41.20 + 19.77 Alps Ind 12.00 + 19.40 PritishNandy 35.45 + 18.76 Munjal Auto 103.60 + 18.13 NSE Losers Scrip Price(Rs.) %Change KothariPetro 10.20 -8.11 PhoenixLamps 93.55 -7.97 Shrenuj & Co 34.80 -5.82 LGB Forge 2.50 -5.66 LogixMicrosy 54.95 -5.34