The Economic Times Markets Watch Newsletter

	Dated:09 January,2009

Top Headlines Nifty struggles to cross 2900; metals, realty down Indian equities put a brave face on Friday and recovered from lows as traders covered shorts in realty stocks. FIIs will be cautious on Indian IT story The fraud at Satyam will most definitely make FIIs, the biggest believers in the Indian IT story, look at India's IT story closely. How to avoid a Satyam in your portfolio Ever heard of the phrase blab & grab? Well, you wouldn't have lost money on a company like Satyam if you knew the meaning of these terms. Views on Stocks/Markets Satyam fiasco led stockbrokers panic selling shares DLF CFO sells 1 lakh shares, stock down 20% Punj Lloyd plunges as subsidiary drags UK firm to court IPO/Global Markets Seoul shares end lower after rate cut China stock ends up US stocks end mostly higher Rupee / Gold Rupee ends at 48.54 against dollar Gold closes at Rs 13,297 Gold resumes sharply higher More 'Market' News No time for niceties when brokers square off client positions Best laid plans of men and mice can go awry, goes the saying. In the stock markets, the best risk management mechanisms can be rendered ineffective by extraordinary events. Satyam fraud: Retail investors bear the brunt The crisis of confidence has now claimed the retail investor, who make about 24-25% of India's total investor base. Stocks to watch: Satyam, Rel Power,Mastek Sun Pharma replaces Satyam in Sensex club Satyam Computer Services has been expelled from all equity indices of the Bombay Stock Exchange (BSE).		Advertisement Compare & shop No minimum balance NRI account Premier Banking NRI! Easy money transfer! Best Investment Options Global B2B marketplace Market Round-up SENSEX 9406.47 -180.41 NIFTY 2873.00 -47.40 NASDAQ 1617.01 17.95 DJIA 8742.46 -27.24 RS/$ 48.61 0.07 GOLD24K 13345.00 165.00 GOLD22K 13285.00 160.00 SILVER 18035.00 -110.00 NSE Gainers Scrip Price(Rs.) %Change vinych 4.30 + 16.22 silinv 53.50 + 12.63 softsy 102.15 + 11.21 jctele 2.55 + 10.87 tamnat 5.95 + 10.19 NSE Losers Scrip Price(Rs.) %Change satyco 23.75 -40.99 tanlso 59.75 -19.04 icsltd 102.25 -17.54 nagcon 59.10 -17.52 punlll 115.35 -16.62

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