The Economic Times Markets Watch Newsletter

	Dated:24 February,2009

Top Headlines Gold near Rs 16,000; spurs more scrap sale No gold imported into India so far in Feb because prices are at record highs in rupee terms, BBA reported. Gainers: BSE ( A, B ) | NSE | Losers: BSE ( A, B ) | NSE Sensex shrugs off S&P rating,indirect tax cut Indian benchmarks ended volatile session flat ahead of February F&O series discounting Standard & Poor�s negative credit rating outlook on India. Govt reduces excise duty, service tax by 2 per cent Giving relief to industry reeling under impact of slowdown, govt reduced by 2% rates of excise duty and service tax. Cos with lesser credit risk Views on Stocks/Markets Global investors pulling out of India Cash-strapped PE fund investors realigning portfolios Emerging markets see $9.2 bn equity outflows in a week IPO/Global Markets Europe stocks extend losses Asian shares tumble on fin woes 5 ASEAN exchanges to form e-link Rupee / Gold Re weakens on S&P's rating Gold regains strength Rupee ends at 49.72/74 More 'Market' News Reliance Money launches mobile trading portal Reliance Money, introduced a mobile trading portal in both equities and commodities across all mobile platforms supported by any technology. Tata Power hikes stake in Tata Comm to 2.48% Tata Power has hiked its stake to 2.48 per cent in telecom major Tata Communications through off-market transaction. LIC hikes stake in Gail India to 9.98 pc Life Insurance Corporation of India has hiked its stake to 9.98 per cent in state-run Gail through open-market transaction as well as bonus allotment.		Advertisement Compare & shop No minimum balance NRI account Premier Banking NRI! Easy money transfer! Best Investment Options Global B2B marketplace Market Round-up SENSEX 8822.06 -21.15 NIFTY 2733.90 -2.55 NASDAQ 1387.72 -53.51 DJIA 7114.78 -250.89 RS/$ 49.85 0.00 NSE Gainers Scrip Price(Rs.) %Change imppow 43.60 + 17.36 nittil 33.05 + 15.16 winmac 7.20 + 13.39 bansyn 17.30 + 10.90 macmin 53.85 + 10.46 NSE Losers Scrip Price(Rs.) %Change oripre 18.10 -21.30 ssiltd 7.20 -14.79 synban 52.25 -14.55 micele 19.15 -12.76 jaybha 21.95 -12.02

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