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:29 January,2013

Top Headlines Sensex dips below 20,000; ignores rate cut by RBI

Sensex today dipped below 20,000 level by losing 112 points on profit selling by investors triggered by lower economic growth projections by RBI.

RBI cuts repo rate, CRR by 25 basis points in its Q3 review

The RBI in its third quarter monetary policy review obliged with a 25 bps repo rate cut. The bank also cut the CRR by 25 bps to 4%.

Expect market to go up over next three-four weeks: BofA-ML Capital

" This year we will see a lot of that hope translate probably into reality where we are seeing reforms anyway which are staring to accelerate, and we are probably going to see rate cuts coming through."


Views on Stocks/Markets

• India has become a bottom-up market: UBS Securities

• Rate sensitives set to outperform in next 6 months: Analysts

• Analysts advise caution as Nifty upside looks limited

IPO/Global Markets Nikkei up on earnings hopes

• Australia shares at 21-mth high

• HK shares close down

Rupee / Gold

• Gold falls for fourth day

• Rupee hits one-week high

• Gold rallies from 2-1/2 week low

More 'Market' News

• Expect Sensex earnings growth of 8% for FY13: Nilesh Shah, Axis Capital

"We will see recovery in December 2012 over the September 2012 quarter and in the quarters to come slowly earnings growth will start gathering momentum."

• Axis Bank rallies for second day, hits 26-month high on fund raising plans

Axis Bank Ltd surged over 5 per cent in trade to touch its 26-month high on Tuesday after the private sector bank launched a Rs 5,546-cr fund-raising drive.

• Expect market to consolidate around these levels in near term: Angel Broking

"It is not an expensive market, but coming on the back of two years of very subdued markets, you are accustomed to looking at very attractive valuations. "

Market Round-up SENSEX 19990.90 -112.45 NIFTY 6049.90 -24.90 S&P500 1,402.22 .87 NASDAQ 3,011.25 -4.61 USD/INR 53.9616 .01 NSE Gainers Scrip Price(Rs.) %Change Gujarat Lease Financing L 3.35 + 19.64 Panchsheel Organics Ltd. 24.65 + 12.30 Quintegra Solutions Ltd. 1.50 + 11.11 BSL Ltd. 17.55 + 11.08 Shasun Pharmaceuticals Lt 102.80 + 10.48 NSE Losers Scrip Price(Rs.) %Change Gujarat Sidhee Cement Ltd 8.00 -16.67 Thirumalai Chemicals Ltd. 118.80 -10.20 Cura Technologies Ltd. 23.85 -9.83 BSEL Infrastructure Realt 2.90 -9.38 IVRCL Ltd. 32.60 -8.94

By Unknown
This is the Author Bio Box
Enter short description about yourself here
Get more from Unknown on Google+ and Twitter

Share and Spread

You Might Also Like