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1. COMMENTARY INDIAN MARKET 10-Nov 09-Nov % Change
BSE Sensex 20,876 20,932 (0.27)
NSE Nifty 6,276 6,302 (0.41)
BSE Midcap 8,730 8,705 0.29
BSE Smallcap 11,244 11,148 0.86
Nifty Junior 13,525 13,555 (0.23)
CNX Midcap 9,783 9,753 0.31
GLOBAL MARKETS 10-Nov 09-Nov % Change
Dow Jones Ind (USA) 11,357 11,347 0.09
Nasdaq Composite(USA) 2,579 2,563 0.63
S&P 500 (USA) 1,218 1,213 0.38
FTSE 100 (UK) 5,817 5,875 (0.99)
DAX (Germany) 6,720 6,788 (1.00)
9,831 9,694 1.40
24,501 24,711 (0.85)
Shanghai Comp (China) 3,115 3,135 (0.63)
KOSPI (South Korea) 1,968 1,947 1.05
STI (Singapore) 3,289 3,314 (0.74)
MSCI Emerging Market 586 582 0.62
MSCI Frontier Market 435 437 (0.39)
CORPORATE/ ECONOMY NEWS BOND MARKETS 10-Nov 09-Nov Change
10yr G-Sec Yield 8.04 8.02 0.02
1yr G-Sec Yield 7.07 7.07 0.00
LIBOR (6m) 0.45 0.46 (0.01)
LIBOR (1m) 0.26 0.25 0.01
Interbank Call rate 7.1 7.0 0.08
Nikkei 225 (Tokyo)
Hang Seng (Hong Kong)
Volume: 1 | Issue: 394| November 10, 2010
INDIA
The Indian market ended with modest losses on Wednesday as weak American, Asian and
European markets weighed on the sentiment. The benchmark stock indices continued to remain
rangebound and were unable to find any specific direction after last week’s strong rally.
Consumer Durables, Auto and IT stocks were among the major gainers. Even the Mid-Cap and
Small-Cap stocks were in demand. However, FMCG and Banking stocks were among the major
laggards.The BSE Sensex lost 56 points to close at 20,876 an the NSE Nifty slipped 26 points to
close at 6,276.The broader indices ended with modest gains, the BSE Mid-Cap index ended higher
by 0.3% and BSE Small-Cap index added 0.8%.
Market breadth was positive 1804 stocks advanced, 1210 declined while101 remained
unchanged.
GLOBAL MARKETS
U.S. stocks made a comeback on Wednesday afternoon to finish higher, as the dollar turned
lower after an earlier rally. But the gains were tepid as investors remained jittery ahead of the G-
20 meeting.The Dow Jones industrial average added 10 points, or 0.1%, and the S&P 500 rose 5
points, or 0.4%. The tech-heavy Nasdaq added 16 points, or 0.6%.
Asian markets are trading on a positive note. The Nikkei & Hang Seng are up by 0.3% each.
Bharti Airtel, India's top mobile phone operator, reported a bigger-than-expected 27 per cent fall
in quarterly profit after being squeezed by a price war in the world's fastest-growing mobile
market. Total Income increased to Rs 15,231.9 crore for the quarter ended September 30, 2010
from Rs 10,397.5 crore for the quarter ended September 30, 2009.
The Power Grid Finance Corporation FPO got subscribed 1.72 times. The issue got total bids for
over 1,446,299,725 shares as against 841, 768,246 shares on offer.The qualified institutional
`
0
5
10
15
20
25
30
35
6250
6260
6270
6280
6290
6300
6310
6320
4-Nov 5-Nov 8-Nov 9-Nov 10-Nov
NSE Turnover Rs Cr('000) Nifty
0.0
2.0
4.0
6.0
8.0
10.0
12.0
20750
20800
20850
20900
20950
21000
21050
4-Nov 5-Nov 8-Nov 9-Nov 10-Nov
BSE Turnover Rs Cr('000) Sensex
Volume: 1 | Issue: 394| November 10, 2010
INDIA
The Indian market ended with modest losses on Wednesday as weak American, Asian and
European markets weighed on the sentiment. The benchmark stock indices continued to remain
rangebound and were unable to find any specific direction after last week’s strong rally.
Consumer Durables, Auto and IT stocks were among the major gainers. Even the Mid-Cap and
Small-Cap stocks were in demand. However, FMCG and Banking stocks were among the major
laggards.The BSE Sensex lost 56 points to close at 20,876 an the NSE Nifty slipped 26 points to
close at 6,276.The broader indices ended with modest gains, the BSE Mid-Cap index ended higher
by 0.3% and BSE Small-Cap index added 0.8%.
Market breadth was positive 1804 stocks advanced, 1210 declined while101 remained
unchanged.
GLOBAL MARKETS
U.S. stocks made a comeback on Wednesday afternoon to finish higher, as the dollar turned
lower after an earlier rally. But the gains were tepid as investors remained jittery ahead of the G-
20 meeting.The Dow Jones industrial average added 10 points, or 0.1%, and the S&P 500 rose 5
points, or 0.4%. The tech-heavy Nasdaq added 16 points, or 0.6%.
Asian markets are trading on a positive note. The Nikkei & Hang Seng are up by 0.3% each.
Disclaimer:This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for public
distribution and has been furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way unless you
obtain written consent from FSWA. While reasonable care to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other person or
entity associated with it. The document is prepared only for your information and is not sufficient for making an investment decision. You should rely on your own investigations and seek
professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from the use of this document or due to any inadvertent error in
the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice prior to making any investment
decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not guaranteed. Also past performance of an
investmentor fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes no liability or responsibility for investment
results or losses arising out of investment decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy any security or financial product. FSWA
Bharti Airtel, India's top mobile phone operator, reported a bigger-than-expected 27 per cent fall
in quarterly profit after being squeezed by a price war in the world's fastest-growing mobile
market. Total Income increased to Rs 15,231.9 crore for the quarter ended September 30, 2010
from Rs 10,397.5 crore for the quarter ended September 30, 2009.
The Power Grid Finance Corporation FPO got subscribed 1.72 times. The issue got total bids for
over 1,446,299,725 shares as against 841, 768,246 shares on offer.The qualified institutional
bidders (QIB) section was subscribed 2.09 times. The non-institutional investors (HNI) category
got subscribed 0.09 times. The retail portion got subscribed 0.06 times.
IT firm Geodesic has reported a consolidated net profit of Rs 85.25 crore, up by nearly 50 per cent,
for the quarter ended September 30, 2010 over the same period last fiscal. Total income of the
company rose to Rs 212.76 crore during the July-September quarter from Rs 154.40 crore in the
same period previous fiscal.
Allahabad Bank plans to raise up to Rs 1,400 crore as Tier-II capital during the second half of the
current financial year 2010-11.
Tera Software has received a contract worth Rs 45 crore from the Government of Maharashtra
under the Unique Identification number (UID) project Aadhaar.
Anil Ambani-led Reliance Broadcast Network's (RBNL) digital vertical Big Digital launched the
country's first-ever talk Internet radio.
DLF reported 5 per cent decline in its consolidated net profit to Rs 418.38 crore for the quarter
ended September 30, 2010, mainly due to higher interest cost. The company posted Rs 439.74
crore profit in the year-ago period. The consolidated revenue rose by 39 per cent to Rs 2,520 crore
compared with Rs 1,810 crore in the corresponding period of previous fiscal.
Aventis Pharma India, a unit of French drugmaker Sanofi-Aventis, expects sales of its diabetes
products, the firm's fastest growing segment, to jump 27 per cent in 2010.
Leading offshore oilfield services provider Great Offshore reported an about 10.51 per cent
decline in standalone net profit to Rs 28.09 crore in the July-September quarter.Net profit of the
company during the same period last year was Rs 31.39 crore

2. CORPORATE NEWS SECTOR 10-Nov 09-Nov % Change
Consumer Durables 7,244 6,914 4.78
Auto 10,416 10,301 1.12
IT 6,215 6,170 0.73
Teck 3,806 3,794 0.31
Oil&Gas 11,105 11,107 (0.02)
PSU 10,390 10,420 (0.28)
Realty 3,793 3,812 (0.50)
Healthcare 6,718 6,756 (0.56)
Power 3,178 3,196 (0.57)
Metal 17,648 17,762 (0.64)
Capital Goods 16,573 16,693 (0.71)
Bankex 14,786 14,899 (0.76)
FMCG 3,756 3,793 (0.99)
BSE Upper Circuit Breakers
Company Name 10-Nov 09-Nov % Change
918.5 765.5 20.00
350.3 292.0 20.00
23.7 21.5 10.00
0 165.8 150.7 10.00
87258.8 83103.6 5.00
BSE Lower Circuit Breakers
Sandur Manganese
Bimetal Bearings
OMDC
CMI
Gandhimathi Appliances
Volume: 1 | Issue: 394| November 10, 2010
Omaxe Ltd has informed stock exchanges regarding the consolidated results for the quarter
ended September 30, 2010. The construction company's net sales in the quarter rose 58 per cent
to Rs 354.40 crore against Rs 223.92 crore for the quarter ending on September 30, 2009.Net
profit of the company was up 63.28 per cent at Rs 36.74 crore for the July-September quarter of
FY 11 against Rs 22.50 crore for the quarter ended September 30, 2009.
Bharti Airtel said it may look at listing its telecom tower subsidiary -- Bharti Infratel. Additionally
sitting on a good amount of cash flows, the company reported that it will consider prepaying up
to $900 million of the debt it raised while acquiring African operations of Zain telecom in June
this year.
State-owned Power Finance Corporation (PFC) announced a net profit of Rs 701 crore for the
quarter ended September 30, a jump of about 10 per cent over the same period last year. The
company had posted a net profit of Rs 638 crore for the quarter ended September 30, 2009.
Jindal Saw, an OP Jindal group company, said it has bagged orders worth over Rs 600 crore from
domestic and overseas markets for supply of pipes, used for transportation of oil and gas.
Realty firm Parsvnath Developers is likely to raise about Rs 100 crore this month by selling stake
in a housing project to private equity firm.
Medical equipment maker Opto Circuits reported its net profit rose by 15.61 per cent to Rs 77.37
crore for the quarter ended September 30.Net sales during the second quarter this fiscal was at
Rs 331.37 crore, as against Rs 255.73 crore for the corresponding period last fiscal.
Infosys Technologies Ltd, India's second-largest outsourcing firm, said the company is looking
for acquisitions in Japan.
Technology infrastructure provider Spanco Ltd bagged the Rs 7,000-crore power distribution
contract from Maharashtra State Electricity Distribution Company Ltd.
India's Manappuram General Finance & Leasing raised Rs 1,000 ($225 million) through a share BSE Lower Circuit Breakers
Company Name 10-Nov 09-Nov % Change
45.7 48.1 (5.00)
66.1 69.6 (5.00)
809.4 852.0 (5.00)
129.6 136.4 (5.00)
26.6 28.0 (5.00)
COMMODITY / CURRENCY NEWS COMMODITY 10-Nov 09-Nov % Change
Crude Oil (USD/bbl) 87.8 86.7 1.27
Gold (Rs/10gm) 20,190.0 20,475.0 (1.39)
Silver (Rs/kg) 40,115.0 42,413.0 (5.42)
CURRENCY 10-Nov 09-Nov % Change
INR / USD 44.30 44.31 (0.02)
USD / Euro 1.37 1.38 (0.72)
Yen / USD 82.55 81.46 1.34
Hittco Tools
Ishita Drugs
Mayur Leather
Rossell Tea
Bedmutha Industries
Volume: 1 | Issue: 394| November 10, 2010
Light Sweet Crude Oil on Wednesday closed up at $87.8 per barrel. Gold closed down by 1.39 % at
Rs 20,190. and Silver closed up down 5.42 % at Rs. 40,115.
The Indian Rupee closed higher against the dollar at 44.30 as the Indian equity benchmarks ended
on a negative note.
Disclaimer:This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for public distribution and has been
furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way unless you obtain written consent from FSWA. While reasonable care
to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other person or entity associated with it. The document is prepared only for your information and is not sufficient
for making an investment decision. You should rely on your own investigations and seek professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from
the use of this document or due to any inadvertent error in the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice prior to
making any investment decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not guaranteed. Also past performance of an investment
or fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes no liability or responsibility for investment results or losses arising out of investment
decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy any security or financial product. FSWA reserves the right to modify or alter the terms and conditions of the use of this
service or discontinue, temporarily or permanently, the information and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall not be liable to you for any suspension, modification,
or termination of the information and services provided herein.
Omaxe Ltd has informed stock exchanges regarding the consolidated results for the quarter
ended September 30, 2010. The construction company's net sales in the quarter rose 58 per cent
to Rs 354.40 crore against Rs 223.92 crore for the quarter ending on September 30, 2009.Net
profit of the company was up 63.28 per cent at Rs 36.74 crore for the July-September quarter of
FY 11 against Rs 22.50 crore for the quarter ended September 30, 2009.
Bharti Airtel said it may look at listing its telecom tower subsidiary -- Bharti Infratel. Additionally
sitting on a good amount of cash flows, the company reported that it will consider prepaying up
to $900 million of the debt it raised while acquiring African operations of Zain telecom in June
this year.
State-owned Power Finance Corporation (PFC) announced a net profit of Rs 701 crore for the
quarter ended September 30, a jump of about 10 per cent over the same period last year. The
company had posted a net profit of Rs 638 crore for the quarter ended September 30, 2009.
Jindal Saw, an OP Jindal group company, said it has bagged orders worth over Rs 600 crore from
domestic and overseas markets for supply of pipes, used for transportation of oil and gas.
Realty firm Parsvnath Developers is likely to raise about Rs 100 crore this month by selling stake
in a housing project to private equity firm.
Medical equipment maker Opto Circuits reported its net profit rose by 15.61 per cent to Rs 77.37
crore for the quarter ended September 30.Net sales during the second quarter this fiscal was at
Rs 331.37 crore, as against Rs 255.73 crore for the corresponding period last fiscal.
Infosys Technologies Ltd, India's second-largest outsourcing firm, said the company is looking
for acquisitions in Japan.
Technology infrastructure provider Spanco Ltd bagged the Rs 7,000-crore power distribution
contract from Maharashtra State Electricity Distribution Company Ltd.
India's Manappuram General Finance & Leasing raised Rs 1,000 ($225 million) through a share
sale to institution.
Bharat Petroleum Corp Ltd, a state-run refiner, reported a turnaround in its net profit for
September quarter at Rs 2,140 crore. For the same quarter a year ago, it reported a loss of Rs 160
crore. Total income too saw a 30 per cent spurt at Rs 3,597 crore as against Rs 2,751 crore for the
corresponding period a year ago.
Leading Indian software solutions company, Sonata Software Ltd. reported its audited financial
results for the quarter and the half year ended 30th September 2010.Revenue for the quarter at
Rs. 3.91bn ( Rs.3.47bn ) up 13% YoY Net profit for the quarter at Rs. 250.4mn( Rs. 21.35 Cr ) up
17% YoY.
Essar Oil Ltd (EOL) has decided to undertake a project to further enhance the capacity of its
Vadinar refinery to 20 million tonnes per annum (MMTPA).

3. ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
GTL 416.5 422.3 1.40
SterTech 84.7 85.75 1.24
Sterling BioTech 112.9 114.2 1.20
Bata India 361.0 365.2 1.18
Bombay Deying 641.9 649.4 1.18
MAX India 170.1 172.05 1.15
Powergrid 102.0 99.9 (2.06)
Bajaj-Auto 1600.0 1578.8 (1.33)
Core Project 306.3 303.4 (0.96)
Rolta 177.7 176.2 (0.84)
Hero Honda 1810.0 1803.9 (0.33)
ABB 875.5 874.1 (0.16)
INSTITUTIONAL ACTIVITY (Rs Cr) 01-Nov 29-Oct YTD
FII Cash Net 929 5,517 1,15,916
FII Stock Futures (74) (256) (15,823)
FII Index Futures 1,516 (1,371) (9,005)
Mutual Fund 338 18 (29,160)
VALUATIONS P/E P/B DIV YLD
BSE 24.0 3.8 1.0
NSE 25.4 3.9 1.0
BSE500 Mcap/GDP Ratio 0.68
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Rs %
Mahindra & Mahindra 805 3.05 BF Utilities 1017.8 6.68 Sandur Mang 918.45 20
Tata Motors 1302.15 2.49 Great Eastern Sh 389.65 6.56 Valecha Engr 209.3 19.74
Infosys 3082.9 1.01 Bata India 361.5 6.35 Sarda Energy 368.35 15.33
Wipro 435.65 0.8 Glodyne Tech 1278.95 5.85 Spanco 199.45 14.92
MOVERS & SHAKERS
Name
Volume: 1 | Issue: 394| November 10, 2010
India has become Israel's second largest export destination after the United States,
as the Jewish state focusses on tapping potential in the Asian markets.India jumped from
the eighth position to second as the favoured destination for Israeli exports in the first half
of 2010.Israeli exports to India in the first half of this year equalled $990 million, an
increase of 102 per cent compared to last year.
Tyre companies may raise prices by next month after natural rubber prices climbed
in recent weeks.
The government has identified an exportable surplus of 5.5 million bales based on
estimated production of 33 million tonnes in the country, minister of state for textiles
Panabaaka Lakshmi informed the Rajya Sabha in a written reply today.
Wipro 435.65 0.8 Glodyne Tech 1278.95 5.85 Spanco 199.45 14.92
ONGC 1346.8 0.71 Bombay Dyeing 641.95 5.45 VIP Inds 702.8 9.8
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Rs %
Cipla 342.95 -1.96 Chambal Fert 99.3 -4.1 Intra Infotech 29 -12.12
SBI 3213.5 -1.78 United Brew 439.2 -3.51 Shri Ganesh Spi 8.74 -11.98
Bharti Airtel 328.15 -1.77 Bajaj Corp 582.85 -3.41 Mahan Inds 8.25 -7.3
BHEL 2483.05 -1.74 United Brew Hldg 322.65 -3.3 Hitachi Home 226.35 -6.16
Hindalco Inds 228 -1.6 Birla Corp 413.15 -2.87 Centrum Cap 1568 -4.97
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
SEL Manufacturing Company Trans Financial Resources BUY 1.89% 42.2
Delta Corp Limited Crosseas Capital Services BUY 1.30% 122.7
Hindustan Org Chem Ltd Jmp Securities BUY 0.65% 58.1
Subex Limited Suresh Kanmal Jajoo SELL 0.33% 80.5
BS TransComm Limited Crosseas Capital Services Pvt. Ltd. SELL 0.88% 250.0
Confidence Petro Jaroli Vincom BUY 2.33% 24.67
Bilpower Gulshan Investment Company BUY 0.76% 171.0
Asian Tea Asian Capital Market Limited BUY 0.78% 33.2
Ballarpur Inds Neha Khandelwal SELL 0.91% 2.35
Black Rose Inds Halan Finance & Investment SELL 1.22% 13.69
Name
BSE
BULK DEALS
NSE
Volume: 1 | Issue: 394| November 10, 2010
India has become Israel's second largest export destination after the United States,
as the Jewish state focusses on tapping potential in the Asian markets.India jumped from
the eighth position to second as the favoured destination for Israeli exports in the first half
of 2010.Israeli exports to India in the first half of this year equalled $990 million, an
increase of 102 per cent compared to last year.
Tyre companies may raise prices by next month after natural rubber prices climbed
in recent weeks.
The government has identified an exportable surplus of 5.5 million bales based on
estimated production of 33 million tonnes in the country, minister of state for textiles
Panabaaka Lakshmi informed the Rajya Sabha in a written reply today.
Disclaimer: This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for
public distribution and has been furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way
unless you obtain written consent from FSWA. While reasonable care to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other
person or entity associated with it. The document is prepared only for your information and is not sufficient for making an investment decision. You should rely on your own
investigations and seek professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from the use of this document or
due to any inadvertent error in the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice
prior to making any investment decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not
guaranteed. Also past performance of an investment or fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes
no liability or responsibility for investment results or losses arising out of investment decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy
any security or financial product. FSWA reserves the right to modify or alter the terms and conditions of the use of this service or discontinue, temporarily or permanently, the information
and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall not be liable to you for any suspension, modification, or termination of the information