March 1 , 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 28-Feb 25-Feb % Change COMMENTARY
BSE Sensex 17,823 17,701 0.69 INDIA
NSE Nifty 5,333 5,304 0.56 The highly volatile Indian markets ended the day with decent gains after the Finance Minister presented his
BSE Midcap 6,373 6,354 0.31 sixth Union Budget in the Lok Sabha yesterday. Though the Budget fell short on several expectations, there
BSE Smallcap 7,817 7,789 0.35 weren't too many nasty proposals. Overall, the Budget was greeted with cheers by markets, corporates and
analysts alike.The Benchmark Indian stock indices trended upwards in the first half of the day.
Nifty Junior 10,448 10,446 0.01
However, they ended way off day’s high as profit booking set in post the Budget, dragging the NSE Nifty
CNX Midcap 7,370 7,382 (0.17)
below 5350.It was a highly volatile trading session, with the Nifty swinging over 180 points intraday and
the BSE Sensex oscillating over 550 points between its intraday highs and intraday lows.Barring the BSE
Pharma index, all the other sectoral indices ended with smart gains. FMCG, PSU, Realty and Capital Goods
GLOBAL MARKETS 28-Feb 25-Feb % Change indices were among the major gainers. The BSE Sensex gained 122 points to end at 17,823 and the NSE
Dow Jones Ind (USA) 12,226 12,130 0.79 Nifty gained by 30 points to close at 5,333.In the broader market, the BSE Mid-Cap and the BSE Small-Cap
Nasdaq Composite(USA) 2,782 2,781 0.05 index ended with modest gains, adding 0.3% each.
S&P 500 (USA) 1,327 1,320 0.55 The market breadth was positive. Out of 2933 stocks traded on the BSE, there were 1601 advancing stocks
FTSE 100 (UK) 5,994 6,001 (0.11) as against 1201 declines.
DAX (Germany) 7,272 7,185 1.22
GLOBAL MARKETS
Nikkei 225 (Tokyo) 10,624 10,526 0.93
U.S. stocks advanced, extending a third straight monthly gain for benchmark indexes, amid improving
Hang Seng (Hong Kong) 23,338 23,012 1.42
economic data and billionaire investor Warren Buffett’s desire to make more acquisitions. The S&P 500
Shanghai Comp (China) 2,905 2,878 0.93 advanced 0.55 percent to 1,327, rallying for a second straight day. The Dow Jones Industrial Average
KOSPI (South Korea) 1,939 1,963 (1.22) gained 0.8 percent, to 12,226. Crude oil fell the most in two weeks as Saudi Arabia offered to make up for
STI (Singapore) 3,011 3,025 (0.48) supplies lost because of unrest in Libya.
MSCI Emerging Market 421 420 0.24
MSCI Frontier Market 598 596 0.34 Asian markets have opened up on a positive note Nekkei is up 0.62%.
BOND MARKETS 28-Feb 25-Feb Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.08 8.13 (0.05)
Chemicals and tyre-cord maker SRF Ltd said on Monday it received board approval to invest Rs 665 crore
1yr G-Sec Yield 7.53 7.67 (0.14)
rupees for expansion, including setting up of a packaging film plant in South Africa.
LIBOR (6m) 0.46 0.46 0.00
LIBOR (1m) 0.26 0.26 0.00 Coal India, the world's largest coal miner, said on Monday it would get Rs 6,200 crore ($1.4 billion) in
Interbank Call rate 6.9 6.8 0.16 additional revenue in the next fiscal year that begins in April after revision in coal prices
Shares of iron ore miner Sesa Goa extended losses to more than 6% and hit a 52-week low yesterday
after the government decided to increase iron ore export duty to 20% in the FY12 Union Budget.
BSE Turnover Rs Cr('000) Sensex
18400 3.7 Procter & Gamble Hygiene and Healthcare Ltd reversed losses and rose as much as 4.86% after the
3.6 Finance Minister cut customs duty on diapers and sanitary napkins in the Union Budget FY12.
18200
3.5
18000 3.4 State-owned oil firms like Oil and Natural Gas Corporation (ONGC) will invest over Rs 74,800 crore in
3.3
17800 capital expenditure in 2011-12 fiscal, most of it from internal resources.
3.2
17600 3.1
3.0 The government today proposed to levy Minimum Alternate Tax (MAT) of 18.5% on the book profits of
17400 Special Economic Zone (SEZ) developers and units, which was termed as a 'setback' by the players.
2.9
17200 2.8
22-Feb 23-Feb 24-Feb 25-Feb 28-Feb The Reliance Industries group owned by billionaire Mukesh Ambani is negotiating with Japan’s Orix
Corporation to acquire its 23.87% stake in Infrastructure Leasing and Finance Company (IL&FS), one of
India’s leading infrastructure developers and financiers, for around $1.2 billion
Domestic air travel will cost more from the next financial year with the government raising service tax on
5500 NSE Turnover Rs Cr('000) Nifty
20 it by Rs 50 and Rs 250 for domestic and international journeys respectively.
5450
Driven by good performance of agriculture and services sector, the Indian economy grew by 8.2% in the
5400 15
third quarter of the current fiscal, up from 7.3% in the corresponding period a year ago.
5350 88.38 #DIV/0!
10 The construction of Delhi Metro's Phase-III, which envisages adding another 104 kms to the network in
5300
5250 Delhi, is proposed to be taken up in 2011-12, the government announced today and alloted Rs 1351
5 crore as budgetary support for it.
5200
5150 0 A day after raids were conducted at the premises of eight tobacco manufacturing companies here, the
22-Feb 23-Feb 24-Feb 25-Feb 28-Feb Commercial Tax Department has pegged tax evasion by them to the tune of Rs 150 crore besides an
unaudited turnover of Rs 900 crore.
`

March 1, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 28-Feb 25-Feb % Change CORPORATE NEWS
Fmcg 3,432 3,286 4.47 Finance Minister Pranab Mukherjee yesterday kept the income tax exemption limit
Psu 8,381 8,216 2.00 unchanged for women at Rs 1.90 lakh while increasing it for men and senior
Realty 1,982 1,956 1.30 citizens.In his 2011-12 Budget speech, proposed to raise income tax exemption limit
Cg 12,400 12,325 0.60 for general taxpayers to Rs 1.80 lakh from Rs 1.60 lakh per annum at present. For
Oil&Gas 9,459 9,405 0.58 senior citizens, the limit has been raised from Rs 2.40 lakh to Rs 2.50 lakh per annum
Bankex 11,840 11,832 0.07 besides lowering the age to 60 years.
Power 2,523 2,522 0.07
Finance Minister Pranab Mukherjee yesterday said the Government proposes to
Teck 3,573 3,571 0.04
introduce the Constitution Amendment Bill in the current session to pave the way for
Metal 15,349 15,344 0.03 introduction of the long-awaited Goods and Services Tax (GST) regime.
Auto 8,253 8,251 0.02
Cd 5,632 5,631 0.01 India's largest cigarette maker by sales ITC spurted 8.23% to Rs. 169 after finance
It 6,107 6,107 (0.00) minister kept excise duty on cigarettes unchanged in the Union Budget 2011-2012
Hc 5,718 5,720 (0.04) announced during trading hours yesterday, 28 February 2011. The stock topped the
gainers in the BSE's 'A' group.
Currently, only FIIs and sub-accounts registered with the SEBI and NRIs are allowed to
invest in mutual fund schemesTo liberalise the portfolio investment route, it has been
decided to permit SEBI registered Mutual Funds to accept subscriptions from foreign
investors who meet the KYC requirements for equity schemes. This would enable
BSE Upper Circuit Breakers Indian Mutual Funds to have direct access to foreign investors and widen the class of
Company Name 28-Feb 25-Feb % Change foreign investors in Indian equity market.
Prime Textile 13.8 12.5 10.00
Gravity India 4.4 4.0 10.00 Vardhman Textile reacted negatively after the finance minister proposed to cut
NK Industries 79.8 76.0 5.00 customs duty on some technical fibre and yarn to 5% from 7.5%.
Betex India 113.4 108.0 5.00 0
5.00 Jain Irrigation Systems slumped after the finance minister reduced the basic
Mansi Finance 13.3 12.6
customs duty on micro-irrigation equipments to 5% from 7.5% in the Union Budget
2011-2012.
The Agriculture sector growth stood at 5.4% in the current financial year while the
, Industrial sector growth was at 8.1% and services at 9.6%, Finance Minister Pranab
Mukherjee said on Monday while the Union Budget in the Lok Sabha yesterday.
BSE Lower Circuit Breakers
Company Name 28-Feb 25-Feb % Change Hero Investments (HIPL), part of the Brijmohan Lall Munjal-led Hero Group, will
Amco India 23.8 25.0 (5.00) pledge its shares in Hero Honda with institutional investors to raise about Rs 3,500
crore in short-term debt to buy Honda Motor’s stake in their joint venture.
Cura Tech 258.7 272.3 (5.00)
SJ Corp 65.7 69.1 (5.00) The gems and jewellery industry is disappointed with the proposed 1% central excise
Mayur Leather 31.5 33.1 (5.00) duty to be imposed on jewellery and articles of gold, silver and precious metals sold
Paternal Drug 194.2 204.4 (5.00) under a brand name.
Prices of energy-efficient LED lights are going to fall by about 10-12% due to the
budgetary proposal to reduce excise duty on LED bulbs from 10% to 5% and full
exemption on the special CVD of 4%. Manufacturers expect entry-level prices of such
lights will now fall to about Rs 450-500.
The government yesterday said it will provide capital support to the tune of Rs 6,000
crore to public sector banks during the next fiscal to strengthen their capital base.
COMMODITY 28-Feb 25-Feb % Change COMMODITY / CURRENCY NEWS
Crude Oil (USD/bbl) 98.1 98.2 (0.13)
Gold (Rs/10gm) 20,947.0 20,945.0 0.01
Silver (Rs/kg) 50,108.0 49,910.0 0.40 Light Sweet Crude Oil on Monday lost 0.13% closing at $98.1 per barrel. Gold closed up
0.01% at Rs 20,947 and Silver closed at by 0.40 % at Rs 50,108.
CURRENCY 28-Feb 25-Feb % Change The Indian Rupee closed higher against the dollar at Rs 45.33 as the Indian equity
INR / USD 45.33 45.48 (0.33) benchmarks ended on positive note.
USD / Euro 1.37 1.37 -
Yen / USD 81.75 81.72 0.04

March 1, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
RUCHISOYA 101.5 102.7 1.18 The government yesterday proposed to increase the Plan expenditure for 2011-12 to
GMRINFRA 41.1 41.5 0.97 Rs 4,41,546.75 crore, up 18.35% from the Budget estimates for the current fiscal.
ASHOKLEY 46.8 47.2 0.96
GVKPIL 26.4 26.6 0.95 The government will give full exemption from import duty on spare parts and capital
FSL 16.2 16.4 0.93 goods for ship owners and ship repair units, Finance Minister Pranab Mukherjee said
EKC 68.0 68.6 0.88 while presenting the Budget for FY12.
s 302.0 280.0 (7.29)
The government today said the National Skill Development Council (NSDC) is likely to
ACC 969.4 928.9 (4.17)
create four crore skilled workforce across the country in next 10 years and has
NATIONALUM 424.5 409.5 (3.53) announced Rs 500 cr for manpower development during the next fiscal.
PIRHEALTH 458.3 447.0 (2.45)
MARUTI 1208.2 1,182.3 (2.15) A day after raids were conducted at the premises of eight tobacco manufacturing
HINDZINC 1265.8 1,240.2 (2.02) companies here, the Commercial Tax Department has pegged tax evasion by them to
the tune of Rs 150 crore besides an unaudited turnover of Rs 900 crore.
INSTITUTIONAL ACTIVITY (Rs Cr) 23-Feb 22-Feb YTD
FII Cash Net (13) 92 (5,041)
FII Stock Futures (8,765) 7 4,620
FII Index Futures (328) (1,129) (5,058)
Mutual Fund 314 203 1,652
VALUATIONS P/E P/B DIV YLD
BSE 19.4 3.4 1.2
NSE 20.4 3.4 1.2
BSE500 Mcap/GDP Ratio 0.59
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
ITC 169.0 8.23 Sadbhav Engr 106.3 9.36 Emami Paper 51 12.58
Mahindra & Mahindra 614.1 3.19 Godfrey Phil 1949.65 8.31 WEBEL SL ENE 74.3 10.81
Maruti Suzuki 1206.7 3.07 City Union Bank 44.25 7.53 Surana Inds 286 10.38
ONGC 270.7 2.93 Anant Raj Inds 75.45 7.33 Gravita India 258 7.99
Sterlite Inds 163.5 2.38 A2Z Maint & Engg 265.5 6.61 Gabriel India 40.25 7.19
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Reliance Infra 609.6 -4.46 Glenmark Pharma 251.8 -10.2 KRBL 21.35 -9.92
Jaiprakash Asso 77.5 -2.88 BGR Energy 407.55 -8.73 Hindustan Media 150 -9.39
Hero Honda 1465.0 -2.36 Patel Engr 141.95 -8.21 Rohit Ferro 42.4 -7.63
Tata Motors 1081.8 -2.11 Jain Irrigation 183.55 -7.09 Kama Holdings 390 -7.57
Tata Power 1154.7 -1.79 Thermax 565.15 -6.45 Lloyds Steel 15.75 -6.8
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Nu Tek India Trans Financial Resources Ltd BUY 3.23% 17.6
Emami Infrastructure Crosseas Capital Services Pvt. Ltd. BUY 2.45% 47.6
Kalindee Rail Nirman (Eng Crosseas Capital Services Pvt. Ltd. BUY 3.60% 197.5
Subex Manish Vrajlal Sarvaiya SELL 1.23% 84.0
Fiem Industries Fiem Industries Limited SELL 2.57% 176.0
BSE
Birla Shloka Philipa John Dmello SELL 1.28% 15.7
Kalindi Rail Deepak Popatlal Vora BUY 0.65% 126.5
Marico Oppenheimer International Value Fd BUY 3.35% 114.0
Dhanus Tech Grantview Properties SELL 2.30% 11.4
Suryajyoti Spi Dinesh Shah SELL 1.22% 51.0