CORPORATE NEWS: The Economic Times Markets Watch Newsletter


	Dated:17 February,2009

Top Headlines

Investors lose Rs one trillion on Budget day

Investors lost close to Rs one lakh crore as market gave a thumbs down to the Budget. Gainers: BSE ( A, B ) | NSE | Losers: BSE ( A, B ) | NSE | 52 Wk: High, Low

Sell-off continues; Nifty ends below 2800

Traders unwound positions in sectors like realty, banks and metals space after interim budget turned out to be a non-event.

Gammon India finds takers on Maytas Infra takeover talk

Investors have reacted positively to reports that Gammon India is in race to take over Hyderabad-based Maytas Infrastructure. Factors for successful M&As

Views on Stocks/Markets

Citi rates Tata Steel sell; price target Rs 125

Trading call by Kumudini Shah: RIL, ONGC, ITC, HUL, NTPC

Stocks to watch: Satyam, Maytas, Indraprastha Gas, HCC, Hindalco

IPO/Global Markets

Govt plans divestment in 5 PSUs

Nikkei closes near 4-month low

Asia stocks tumble, dollar up

Rupee / Gold

Gold sizzles amid ruins in stocks

Re drops to 2-mth low on arbitrage

Gold reaching new highs

More 'Market' News

Unitech down 5% as founders pledge shares
Shares of Unitech fell as much as 5 per cent after its founders pledged 49.48 per cent of the company's equity.

Ashok Leyland promoter pledged 17.82 pc stake
Commercial vehicle major Ashok Leyland on Tuesday said its promoter has pledged 23.70 crore shares representing 17.82 per cent stake in the company.

Investors offload positions in infra, metals, realty
According to brokers, investors who had build positions in infrastructure, metals, realty and auto sectors expecting a series of budgetary sops are now offloading.