1. COMMENTARY INDIAN MARKET 30-Nov 29-Nov % Change
BSE Sensex 19,521 19,400 0.62
NSE Nifty 5,863 5,830 0.56
BSE Midcap 7,764 7,666 1.27
BSE Smallcap 9,745 9,564 1.89
Nifty Junior 12,339 12,058 2.33
CNX Midcap 8,908 8,781 1.45
GLOBAL MARKETS 30-Nov 29-Nov % Change
Dow Jones Ind (USA) 11,006 11,052 (0.42)
Nasdaq Composite(USA) 2,499 2,525 (1.04)
S&P 500 (USA) 1,181 1,188 (0.61)
FTSE 100 (UK) 5,528 5,570 (0.75)
DAX (Germany) 6,688 6,698 (0.15)
9,937 10,126 (1.87)
23,008 23,166 (0.68)
Shanghai Comp (China) 2,820 2,866 (1.61)
KOSPI (South Korea) 1,904 1,896 0.45
STI (Singapore) 3,145 3,159 (0.45)
MSCI Emerging Market 573 575 (0.22)
MSCI Frontier Market 408 410 (0.45)
CORPORATE/ ECONOMY NEWS BOND MARKETS 30-Nov 29-Nov Change
10yr G-Sec Yield 8.00 7.96 0.04
1yr G-Sec Yield 7.20 7.20 0.00
LIBOR (6m) 0.45 0.45 0.00
LIBOR (1m) 0.26 0.26 0.00
Interbank Call rate 6.5 6.7 (0.16)
Nikkei 225 (Tokyo)
Hang Seng (Hong Kong)
Volume: 1 | Issue: 408| December 1, 2010
INDIA
The Sensex jumped nearly 400-points from the day's low on the back of better-than-expected
GDP numbers which stood at,8.9 per cent growth registered in the second quarter of the current
fiscal drove the sentiment. .The Bombay Stock Exchange benchmark Sensex ended the session on
Tuesday up by 0.62 percent at 19,521 led by realty, consumer durables, power and PSU stocks.
The wide—based National Stock Exchange index Nifty was up 0.56 % at 5,863. In the broader
markets, the smallcap index gained 2% while the midcap index added 1.4%. The broader markets
outperformed the benchmark index, which was up 0.6%.
The market breadth was positive. 1978 stocks had advanced while 924 had advanced.
GLOBAL MARKETS
Stocks started November with a bang but ended it with a whimper, as all three major indexes
closed the day and month lower on Tuesday. A stronger-than-expected report on consumer
confidence muffled some losses, but the market couldn't fully recover from a weak housing
report and concerns about Europe's economy. The Dow Jones lost 0.4%, but remained barely
above the 11,000 mark at 11,006.02. The S&P 500 fell 0.6%, to close at 1,180.55, and the Nasdaq
dropped 1.1%, to end at 2,498.83.
Asian Markets are trading on a negative note. The Nikkei is flat while the Hang Seng is down by
0.7%
The initial public offer of state-run MOIL received more than five times subscription till noon on
the third day of the issue on Tuesday. The IPO of the manganese ore major got subscribed 5.22
times till 1200 hours, attracting total bids of 17.5 crore equity shares compared with 3.36 crore
shares on offer, a National Stock Exchange data said.
HCL Technologies Ltd. (HCL), a leading global IT services provider, announced that it has signed
a multi year end-to-end IT Infrastructure Management engagement with pharmaceutical
`
0
5
10
15
20
25
30
5650
5700
5750
5800
5850
5900
24-Nov 25-Nov 26-Nov 29-Nov 30-Nov
NSE Turnover Rs Cr('000) Nifty
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
18900
19000
19100
19200
19300
19400
19500
19600
24-Nov 25-Nov 26-Nov 29-Nov 30-Nov
BSE Turnover Rs Cr('000) Sensex
Volume: 1 | Issue: 408| December 1, 2010
INDIA
The Sensex jumped nearly 400-points from the day's low on the back of better-than-expected
GDP numbers which stood at,8.9 per cent growth registered in the second quarter of the current
fiscal drove the sentiment. .The Bombay Stock Exchange benchmark Sensex ended the session on
Tuesday up by 0.62 percent at 19,521 led by realty, consumer durables, power and PSU stocks.
The wide—based National Stock Exchange index Nifty was up 0.56 % at 5,863. In the broader
markets, the smallcap index gained 2% while the midcap index added 1.4%. The broader markets
outperformed the benchmark index, which was up 0.6%.
The market breadth was positive. 1978 stocks had advanced while 924 had advanced.
GLOBAL MARKETS
Stocks started November with a bang but ended it with a whimper, as all three major indexes
closed the day and month lower on Tuesday. A stronger-than-expected report on consumer
confidence muffled some losses, but the market couldn't fully recover from a weak housing
report and concerns about Europe's economy. The Dow Jones lost 0.4%, but remained barely
above the 11,000 mark at 11,006.02. The S&P 500 fell 0.6%, to close at 1,180.55, and the Nasdaq
dropped 1.1%, to end at 2,498.83.
Asian Markets are trading on a negative note. The Nikkei is flat while the Hang Seng is down by
0.7%
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
The initial public offer of state-run MOIL received more than five times subscription till noon on
the third day of the issue on Tuesday. The IPO of the manganese ore major got subscribed 5.22
times till 1200 hours, attracting total bids of 17.5 crore equity shares compared with 3.36 crore
shares on offer, a National Stock Exchange data said.
HCL Technologies Ltd. (HCL), a leading global IT services provider, announced that it has signed
a multi year end-to-end IT Infrastructure Management engagement with pharmaceutical
company Purdue Pharma L.P. The scope of this engagement covers management of two data
centres and all remote locations of the client in the U.S.
Steel Authority of India Ltd has signed a memorandum of understanding (MOU) with Kobe
Steel Ltd for comprehensive strategic collaboration convening technologies, projects and other
areas.
Hindustan Construction Company's subsidiary Lavasa Corporation on Tuesday filed a writ
petition in the Bombay High Court challenging the show-cause notice served by the Ministry of
Environment and Forest.
Drug major Ranbaxy on Tuesday said it has received final approval from the US health regulator
to manufacture and market generic Donepezil Hydrochloride tablets, used for treating
Alzheimer's disease with 180 days market exclusivity.
Deutsche Postbank, the German lender being acquired by Deutsche Bank , is close to selling its
Indian operations for about Rs 1,100 crore ($240 million). Dewan Housing Finance Corp, based in
Mumbai, is the frontrunner to buy Deutsche Postbank Home Finance and the talks are at an
advanced stage
DB Realty, the Mumbai-based property developer whose name cropped up in both 2G and
bribes-for-loan scams, does not see any major cashflow issues, nor does it plan to raise any big
debt to fund its projects, according to a senior official of the company.
State-owned UCO Bank has scrapped plans to foray into the general insurance space in view of
high capital requirement, according to an official of the bank.
2. CORPORATE NEWS SECTOR 30-Nov 29-Nov % Change
Realty 2,925 2,769 5.67
Consumer Durables 6,434 6,303 2.08
Power 2,891 2,839 1.84
PSU 9,291 9,133 1.73
FMCG 3,583 3,534 1.38
Auto 10,100 9,963 1.37
Teck 3,725 3,678 1.29
Bankex 13,619 13,464 1.15
Healthcare 6,583 6,547 0.55
Metal 15,626 15,557 0.44
Capital Goods 15,055 14,989 0.44
IT 6,094 6,081 0.21
Oil&Gas 10,062 10,118 (0.56)
BSE Upper Circuit Breakers
Company Name 30-Nov 29-Nov % Change
74.5 62.1 20.00
Vijay Shanti Builders 31.6 26.3 20.00
184.5 175.7 5.00
0 676.1 644.0 5.00
52.5 50.0 5.00
BSE Lower Circuit Breakers
Lancor Holdings
Modi Rubber
Cimmo Birla
Polyplex
Volume: 1 | Issue: 408| December 1, 2010
The Government has said that it is considering a 15 per cent follow-on-public offer in Power
Finance Corporation (PFC).
State-owned BHEL has bagged an order from Karnataka Power Corporation Ltd (KPCL) to supply
the country’s first super critical 700-MW coal fire unit for its thermal power station (TPS) at Bellary.
The order is valued at Rs 3,700 crore.
Ennore Coke has said that its parent firm Haldia Coke is looking to buy a mine in the US for $20
million (about Rs 92 crore).
Maruti Suzuki India (MSI) said that it is developing a diesel engine for mid-size sedans, which is
likely to be ready by the middle of 2011.
Gujarat State Petroleum Corporation (GSPC), Initial Public Offering is likely to be sometime
later next year as it has tied up Rs 3,000 cr term loan through a consortium of 15 banks.
Japanese auto giant Suzuki Motor Corporation (SMC) has said that it plans to make India an
export hub for its small cars, mainly for the European and African markets.
Tata Motors has launched its mini-truck ‘Ace Super City Giant’ in Thailand and also disclosed
plans to enter the Thai car market in the next “couple of years’’. The company is also looking to
tap opportunities in Malaysia and Indonesia.
In a move to expand its base in the US market, Swiss conglomerate ABB said that it will acquire
electric motor manufacturer Baldor Electric Company for $4.2 billion, including $1.1 billion of net
debt.
Drug firm Sun Pharmaceutical Industries said that it has received a tentative approval from US
health regulator to market generic donepezil hydrochloride tablets used for treating Alzheimer's
disease in the American market.
Reliance Industries', Dhirubhai-1 and 3 fields, known as D1 and D3, in the Krishna Godavari BSE Lower Circuit Breakers
Company Name 30-Nov 29-Nov % Change
309.9 344.3 (10.00)
38.8 40.9 (5.00)
196.8 207.2 (5.00)
10.7 11.2 (5.00)
415.4 437.3 (5.00)
COMMODITY / CURRENCY NEWS COMMODITY 30-Nov 29-Nov % Change
Crude Oil (USD/bbl) 84.0 85.7 (1.93)
Gold (Rs/10gm) 20,510.0 20,369.0 0.69
Silver (Rs/kg) 42,841.0 41,634.0 2.90
CURRENCY 30-Nov 29-Nov % Change
INR / USD 45.88 45.93 (0.11)
USD / Euro 1.30 1.31 (1.14)
Yen / USD 83.62 84.15 (0.63)
Sampada Chemicals
Money Matters
Binny
BGIL Films
Mansi Finance
Volume: 1 | Issue: 408| December 1, 2010
Crude oil closed down by 2% at $84 per barrel. Gold closed up by 0.7% at Rs 20,510 and Silver
closed up by 2.9 % at Rs. 42,841.
The Indian Rupee closed higher against the dollar at 45.88 as the Indian equity benchmarks ended
on a positive 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.
The Government has said that it is considering a 15 per cent follow-on-public offer in Power
Finance Corporation (PFC).
State-owned BHEL has bagged an order from Karnataka Power Corporation Ltd (KPCL) to supply
the country’s first super critical 700-MW coal fire unit for its thermal power station (TPS) at Bellary.
The order is valued at Rs 3,700 crore.
Ennore Coke has said that its parent firm Haldia Coke is looking to buy a mine in the US for $20
million (about Rs 92 crore).
Maruti Suzuki India (MSI) said that it is developing a diesel engine for mid-size sedans, which is
likely to be ready by the middle of 2011.
Gujarat State Petroleum Corporation (GSPC), Initial Public Offering is likely to be sometime
later next year as it has tied up Rs 3,000 cr term loan through a consortium of 15 banks.
Japanese auto giant Suzuki Motor Corporation (SMC) has said that it plans to make India an
export hub for its small cars, mainly for the European and African markets.
Tata Motors has launched its mini-truck ‘Ace Super City Giant’ in Thailand and also disclosed
plans to enter the Thai car market in the next “couple of years’’. The company is also looking to
tap opportunities in Malaysia and Indonesia.
In a move to expand its base in the US market, Swiss conglomerate ABB said that it will acquire
electric motor manufacturer Baldor Electric Company for $4.2 billion, including $1.1 billion of net
debt.
Drug firm Sun Pharmaceutical Industries said that it has received a tentative approval from US
health regulator to market generic donepezil hydrochloride tablets used for treating Alzheimer's
disease in the American market.
Reliance Industries', Dhirubhai-1 and 3 fields, known as D1 and D3, in the Krishna Godavari
basin, have seen a 15% drop in production to about 45-46 million cubic meters per day due to
reservoir complexities. The D1 and D3 have seen output fall from 53-54 mmscmd achieved in
mid-2010 to 45-46 mmscmd.
Dish TV, Asia’s Largest DTH service announced achieving a record 5 Lakh new subscribers on its
platform during November 2010. With this significant achievement, Dish TV has become India’s
first DTH service to add 5 Lakh new subscribers in a span of 30 days. Dish TV also crossed 9 million
subscribers milestone in November.
Ramky Infrastructure Ltd has commenced work on the Gabon Special Economic Zone in West
Africa.
Software services firm iGate Corp is planning to raise up to US$700 mn to help fund its joint bid
with Apax Partners LLP for acquisition of Patni Computer Systems Ltd.
3. ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
Hotel Leela 42.9 43.4 1.17
Balramchin 76.1 76.9 1.12
Ispat Industries 18.0 18.15 1.11
Indian Bank 278.8 281.7 1.06
GTL 418.7 423 1.04
Gtl Infra 43.7 44.1 1.03
SCI 143.7 142.1 (1.11)
Gail 491.5 487.1 (0.91)
BGR Energy 738.4 731.8 (0.90)
PNB 1218.6 1208.9 (0.80)
Crompton Greaves 335.1 333.3 (0.54)
Mundra Port 152.4 151.6 (0.52)
INSTITUTIONAL ACTIVITY (Rs Cr) 15-Nov 12-Nov YTD
FII Cash Net (17) 526 1,26,578
FII Stock Futures 150 (466) (1,798)
FII Index Futures (682) 1,544 (10,884)
Mutual Fund (77) (183) (26,698)
VALUATIONS P/E P/B DIV YLD
BSE 22.3 3.6 1.1
NSE 23.4 3.7 1.1
BSE500 Mcap/GDP Ratio 0.64
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Rs %
DLF 307.25 7 Core Projects 255.65 16.82 Artson Engr 77.2 18.77
Bharti Airtel 360.4 6.45 Kwality Dairy 113.65 13.93 Cals Ref 0.38 18.75
Tata Motors 1237.1 4.31 Berger Paints 96 11.11 Cambridge Sol 52.3 17.13
SBI 2994.1 3.97 Prakash Inds 111.6 9.09 FCS Software 1.51 16.15
MOVERS & SHAKERS
Name
Volume: 1 | Issue: 408| December 1, 2010
India's economy grew at a much faster pace than anticipated in the second quarter
of the current fiscal year. It expanded by an impressive 8.9% in the July to
September quarter as against 8.7% in the same period of the previous fiscal year.
Meanwhile, the GDP figure for the April to June 2010-11 period was revised to 8.9%
versus a preliminary estimate of 8.8%.
India’s agriculture and allied sector grew by 3.8 per cent in the first six months of
the current fiscal, against one per cent in the year-ago period on the back of better
Kharif crop output.
Government is reportedly planning to set up a Rs. 20bn venture capital fund to
promote drug discovery and strengthen the infrastructure of the pharma sector.
SBI 2994.1 3.97 Prakash Inds 111.6 9.09 FCS Software 1.51 16.15
Reliance Comm 132.05 3.41 Cholamandalam Inv 186.3 8.95 NITESH EST 35.25 15.95
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Rs %
Tata Steel 584.2 -1.48 Money Matters 309.9 -9.99 Bheema Cem 91.75 -19.97
RIL 986.8 -1.14 Shree Ashtavinayak 26.45 -9.88 English Indian 61.75 -9.39
ICICI Bank 1143.65 -0.9 DEN NETWORK 180.15 -4.02 Karuturi Glob 27.55 -6.45
Tata Power 1290.3 -0.9 Wockhardt 369.1 -3.72 Hanung Toys 297.85 -5.71
L&T 1949.85 -0.89 Blue Dart 985 -2.75 Piramal Life 135.05 -5.03
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
SEL Manufacturing Company Trans Financial Resources BUY 1.25% 27.7
Delta Corp Limited Crosseas Capital Services BUY 1.55% 120.3
Hindustan Org Chem Ltd Jmp Securities BUY 1.54% 56.5
Subex Limited Suresh Kanmal Jajoo SELL 1.33% 82.0
BS TransComm Limited Crosseas Capital Services Pvt. Ltd. SELL 0.88% 185.5
Confidence Petro Jaroli Vincom BUY 1.25% 21.1
Bilpower Gulshan Investment Company BUY 0.85% 180.2
Asian Tea Asian Capital Market Limited BUY 0.97% 30.2
Ballarpur Inds Neha Khandelwal SELL 0.91% 35.5
Black Rose Inds Halan Finance & Investment SELL 1.35% 16.52
Name
BSE
BULK DEALS
NSE
Volume: 1 | Issue: 408| December 1, 2010
India's economy grew at a much faster pace than anticipated in the second quarter
of the current fiscal year. It expanded by an impressive 8.9% in the July to
September quarter as against 8.7% in the same period of the previous fiscal year.
Meanwhile, the GDP figure for the April to June 2010-11 period was revised to 8.9%
versus a preliminary estimate of 8.8%.
India’s agriculture and allied sector grew by 3.8 per cent in the first six months of
the current fiscal, against one per cent in the year-ago period on the back of better
Kharif crop output.
Government is reportedly planning to set up a Rs. 20bn venture capital fund to
promote drug discovery and strengthen the infrastructure of the pharma sector.
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