The Economic Times Markets Watch Newsletter

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	Dated:15 February,2013

Top Headlines Sensex falls for second straight day, ends 29 pts lower Falling for the second straight day, Sensex closed 29.03 points lower, or 0.15%, to 19,468.15, led by Reliance Industries, Infosys and Dr Reddy. Nifty trend looks weak; 16 out of 50 stocks trading below 200-DMA The Indian markets slipped to their lowest levels on Friday, but bounced back from their support level of 5850. 'Expect large caps to do far better than mid caps over next 3-6 mths' Over the next three to six months, large caps will do much better compared to mid and small cap companies, says Vijai Mantri, Pramerica MF. Views on Stocks/Markets Bank Nifty could be the major drag: Mitesh Thacker Market temporarily affected by budget: Ashwani Gujral Still positive on large cap in Indian IT space: Prateek Agarwal IPO/Global Markets World markets fall European market flat UK's FTSE at 5-yr highs Rupee / Gold Re drops to lowest in a mth Gold dips to 6-month lows Gold importers slow purchases More 'Market' News Expect FY14 earnings growth at 13-14%: ING Investment "The market is looking at is whether the reform process and the monetary policy easing," says K Ramanathan, ING Investment. Budget, RBI policy to weigh on bond markets in near term: ING Vysya The probability of a rate cut in March is now increasing, especially after the weak IIP numbers and GDP, says Phani Shankar. Don't expect market to correct sharply as FII flows are strong: ICICI Market may correct by another 3-5% in next few weeks. With money coming in, we do not expect a huge correction in the markets, says Manish Kumar.	Market Round-up SENSEX 19468.15 -29.03 NIFTY 5887.40 -9.55 S&P500 1,521.38 1.05 NASDAQ 3,198.66 1.78 USD/INR 53.9249 .04 NSE Gainers Scrip Price(Rs.) %Change Karuturi Global Ltd. 3.20 + 18.52 Ess Dee Aluminium Ltd. 344.40 + 17.10 Cybertech Systems & Softw 14.50 + 14.62 Spectacle Infotek Ltd. 2.25 + 9.76 Radaan Mediaworks (I) Ltd 1.70 + 9.68 NSE Losers Scrip Price(Rs.) %Change Mahindra & Mahindra Finan 201.80 -80.00 Sudar Industries Ltd. 121.35 -19.98 Gammon India Ltd. 26.40 -19.02 GKB Ophthalmics Ltd. 18.65 -13.66 Prime Securities Ltd. 5.40 -12.90

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