1.
Aug 23, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET * 22-Aug 19-Aug % Change COMMENTARY
BSE Sensex 16,342 16,142 1.24 INDIA
NSE Nifty 4,905 4,846 1.23 On the auspicious day of Janmashtami, the bulls seemed to receive a major boost in the form of a strong
BSE Midcap 6,204 6,127 1.25 trading session. The key Indian stock indices ended with smart gains at the end of a choppy session, starting
BSE Smallcap 7,113 7,005 1.54 off the week on a positive note. Impressive buying was seen in Oil & Gas, Power, Metals, Capital Goods and
Nifty Junior 9,977 9,864 1.14 FMCG stocks. Even the Mid-Cap and the Small-Cap stocks witnessed smart buying. The Sensex and the Nifty
started well but lost some ground in early afternoon before bouncing back in late trade. The sentiment got a
CNX Midcap 7,254 7,131 1.71
fillip after the European markets rebounded from a weak opening, lifting the Nifty above 4900. Finally, the
BSE Sensex ended at 16,342 gaining 200 points. It had earlier touched a day's high of 16,370 and a day's low
of 16,046 after opening at 16,156. The NSE Nifty closed at 4,905 adding 53 points. Going ahead, markets
GLOBAL MARKETS 22-Aug 19-Aug % Change would be looking towards Ben Bernanke's speech on monetary easing and a third round of quantitative
Dow Jones Ind (USA) 10,855 10,817 0.35 easing (QE3) on Friday. If there is another round of quantitative easing, it may lead to some pullback in
Nasdaq Composite(USA) 2,345 2,342 0.15 global markets.
S&P 500 (USA) 1,124 1,124 0.02 BSE market breadth was positive. Out of 2,922 stocks traded, 1,803 advanced while 1,018 declined.
FTSE 100 (UK) 5,095 5,041 1.08
DAX (Germany) 5,474 5,480 (0.11) GLOBAL MARKETS
Nikkei 225 (Tokyo) 8,628 8,719 (1.04) Most U.S. stocks fell after Goldman Sachs Group Inc. (GS)’s decline in the last 15 minutes of trading wiped out
the day’s second Standard & Poor’s 500 Index rally, overshadowing gains by technology shares. Goldman
Hang Seng (Hong Kong) 19,487 19,400 0.45
Sachs slumped 4.7 percent to the lowest level since March 2009 after Reuters said Chief Executive Officer
Shanghai Comp (China) 2,516 2,535 (0.74)
Lloyd Blankfein hired a defense attorney. The company confirmed the report after the close of trading. About
KOSPI (South Korea) 1,711 1,745 (1.96) 10 stocks fell for every nine that rose on U.S. exchanges. The S&P 500 added less than 0.1 percent to 1,124.
STI (Singapore) 2,732 2,733 (0.05) The benchmark gauge rallied as much as 2 percent, and posted an advance of 1.1 percent about three hours
MSCI Emerging Market 375 384 (2.34) before markets closed. The Dow Jones Industrial Average rose 37 points, or 0.3 percent, to 10,855.
MSCI Frontier Market 494 494 0.00
Asian stocks are trading mixed; Nikkei is up by 0.35 percent, Hang Seng is down 0.53 percent, Strait Times is
down 0.73 percent and Shanghai is up 0.2 percent.
BOND MARKETS 22-Aug 19-Aug Change
10yr G-Sec Yield 8.26 8.25 0.01 CORPORATE/ ECONOMY NEWS
1yr G-Sec Yield 8.16 8.16 0.00 Steel Authority of India Ltd (SAIL) will invest Rs 10,264 crore to develop mines catering to its increased
LIBOR (6m) 0.39 0.39 0.00 raw material requirement upon completion of an ambitious expansion programme. The Maharatna
LIBOR (1m) 0.16 0.16 0.00 company has already embarked on a Rs 70,000 crore capacity expansion plan to ramp up its domestic
Interbank Call rate 8.05 7.97 0.08 output to 23.46 million tonnes per annum (MTPA) by 2012-13 from 14.35 MTPA at present.
Japanese auto maker Honda is expecting to roll out vehicles within the next 2-3 years from its second
Indian facility at Tapukara, in Rajasthan, after being put on hold indefinitely due to the global slowdown
BSE Turnover Rs Cr('000) Sensex of 2008, reports stated.
17000 3.0
16800 Gold financing company Muthoot Finance said that it planned to raise about Rs 6,000 crore in the
2.5 current fiscal to meet working capital requirements.The promoters of Muthoot Finance will also dilute 5%
16600 2.0 of their share-holding in the next three years.
16400
1.5
16200 The Centre has reportedly started with the preparation for its disinvestment for National Aluminium Co
16000 1.0 Ltd (Nalco) and Hindustan Copper Ltd without follow-on offers (FPO). However, for SAIL, the
0.5 Government has revived the process for a combined exercise – stake-sale and an FPO.
15800
15600 0.0 Mphasis has clarified that there have been no CBI searches on MphasiS premises. Mphasis has the highest
16-Aug 17-Aug 18-Aug 19-Aug 22-Aug governance and ethics standards adhering to all statutory and legal requirements as applicable. Earlier
there were reports in some publications about CBI searches on MphasiS premises.
Low-cost air carrier IndiGo has flagged off its maiden foray into the international market with the launch
NSE Turnover Rs Cr('000) Nifty of flights to Muscat and Singapore, according to a repport. The report stated that the airline plans to
5100 14 further expand its operations to touch down in Dubai and Bangkok from early next month. The round-trip
5050 12 Mumbai-Muscat-Mumbai flights will commence from October 10, says report.
5000 10
4950 88.38 #DIV/0! The country's largest carmaker Maruti Suzuki India is aiming higher with plans to roll out a global car by
8
4900 2017.
6
4850
4800 4 Hyderabad based GVK Power and Infrastructure Ltd has bagged an additional 14% to their already
4750 2 existing 29% stake in Bangalore International Airport Ltd, taking their holding to 43% and making the
company the largest share holder in the BIAL by buying Siemens stake.
4700 0
16-Aug 17-Aug 18-Aug 19-Aug 22-Aug

2.
Aug 23, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 22-Aug 19-Aug % Change CORPORATE NEWS
OIL&GAS 8,357 8,155 2.47% Essar Energy Plc has reported a 49% jump in earnings for the first half of 2011 on the
POWER 2,235 2,191 2.04% back of higher refinery margins, but the London-listed firm said it continued to battle
METAL 11,991 11,767 1.91% delays related to regulatory approvals for its projects. Essar Energy's H1 earnings before
CG 11,724 11,536 1.63% interest, tax, depreciation and amortisation (EBITDA) were up 49% to $477.9 million,
FMCG 3,962 3,899 1.63% while pre-tax profit was up 80% to $278.5 million.
CD 6,211 6,123 1.43%
The Income Tax (I-T) department has slapped a tax demand of Rs 2,114 crore on IT firm
AUTO 8,299 8,188 1.36%
Mahindra Satyam (erstwhile Satyam Computer Services), after disallowing exemptions
PSU 7,812 7,717 1.23% claimed by the company.
HC 5,901 5,835 1.13%
REALTY 1,683 1,675 0.51% Suzlon Energy Limited (SEL), wind turbine manufacturer, announced that it has won a
TECk 3,031 3,024 0.24% repeat order from the Malpani Group to set up, operate and maintain projects totalling
BANKEX 10,749 10,763 -0.14% 29.70 mega watt.
IT 4,710 4,738 -0.59%
JFE Steel Corp, the world's fifth-biggest steelmaker, said on Monday it would
strengthen its ties with JSW Steel Ltd by either boosting its stake in the company or
increasing its presence on the smaller firm's board.
Shares in budget carrier SpiceJet rose almost 5% after a newspaper reported that
private equity firm TPG Capital is negotiating to buy a minority stake in the company.
BSE Upper Circuit Breakers
Company Name 22-Aug 19-Aug % Change Zuari Industries Ltd., has stopped receiving naphtha after a supply pipeline was shut
EUROTEX INDUSTRIES & EXPORTS 22.8 19.0 20.00 following a fire in western India, reports stated. Reports quoted, Anand Rajadhyaksha, a
MORGANITE CRUCIBLE 319.2 266.0 20.00 spokesman for Zuari Inds as saying that, the company would get about 18,000 metric
HELLA INDIA LIGHTING 146.0 121.7 20.00 tons of naphtha a month.
GANDHIMATHI APPLIANCES 278.0 252.8 10.00 0
RAJDHANI LEASING 147.9 134.5 10.00 India’s largest real estate developer, DLF, plans to reduce its debt by Rs 2,500-3,000
crore by the end of this financial year, according to group executive director Rajeev
Talwar. The company aims to cut debt through the divestment of non-core assets,
including hotels and plots of land that cannot be developed in the next five years
Auto component maker JBM Auto said that it is planing to invest about 200 crore this
fiscal in expanding production capacity at various locations across the country.
BSE Lower Circuit Breakers
Company Name 22-Aug 19-Aug % Change Non-banking finance company Religare Finvest plans to increase its loan portfolio to
DUNLOP INDIA 18.8 23.5 (19.80) Rs 14,000 crore by the end of the current fiscal, betting big on the small and medium
WARREN TEA 493.5 519.4 (5.00) enterprises (SME) sector.
VERTEX SECURITIES 184.4 194.1 (5.00)
The country's nuclear power generation is expected to reach 20,000 MW in another 20
CONTROL PRINT 33.3 35.0 (5.00)
years, a top official of the Indira Gandhi Centre for Atomic Research (IGCAR) said on
JAMES HOTELS 61.0 64.2 (5.00) Monday.
Jindal Steel & Power, a steel maker and power generator, has raised $475 million
(about 2,137 crore) through the takeout financing route, to part finance expansion plans
overseas, making it one of the largest such transactions by an Indian company. The
Delhi-based company, which is part of the OP Jindal group, has raised the loan at 225
basis points over the Libor, for a tenor of five years, with 10 large banks participating in
the transaction. The banks include Standard Chartered, DBS, Citibank, Bank of Tokyo
Mitsubishi, Mizuho, Barclays, RBS, ANZ, Credit Agricole and JP Morgan.
COMMODITY 22-Aug 19-Aug % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 107 109 (1.24)
(0.01) Brent Crude Oil ended 1.24 percent lower at $107 per barrel. Gold ended flat after
Gold (Rs/10gm) 27,975 27,977
touching all time high at Rs 27,975 and Silver closed down by 0.66 percent at Rs 65,817.
Silver (Rs/kg) 65,817 66,252 (0.66)
The Indian Rupee closed higer against the dollar at Rs 45.67 as the Indian equity
CURRENCY 22-Aug 19-Aug % Change benchmarks ended on a positive note.
INR / USD 45.67 45.74 (0.15)
USD / Euro 1.44 1.43 0.70
Yen / USD 76.79 76.43 0.47

3.
Aug 23, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
CENTURYTEX 288.0 292.0 1.39 Skype announced it has entered into a definitive agreement to acquire GroupMe, a
MTNL 35.9 36.4 1.39 provider of mobile group messaging services that helps users stay in touch and make
SOBHA 222.1 225.0 1.31 decisions. GroupMe was founded in 2010 at the Techcrunch Disrupt Hackathon and is
JISLJALEQS 165.0 166.8 1.06 headquartered in New York, New York. Terms of the acquisition will not be disclosed.
VOLTAS 115.5 116.6 1.00
TTML 18.4 18.5 0.82 As per data released by Life Insurance Council, the total assets held by the Life
COREPROTEC 298.0 270.0 (9.40) Insurance industry including Equity and Fixed income assets has witnessed 11.38 %
BEML 441.5 430.3 (2.54) rise crossing Rs. 15 Lakh crores landmark to Rs. 15046.29bn as compared Rs.
FEDERALBNK 353.5 345.1 (2.39) 13,508.50bn last year. The increase in AUM is despite fall in total premium incomes
BOSCHLTD 7100.0 6,950.0 (2.11) which declined marginally by 5.18 % y-o-y from Rs. 585.59bn to Rs. 555.23bn for Q1.
The Indian life industry in otherwise a difficult year, also reported a healthy 13% rise
ONMOBILE 59.5 58.3 (2.02)
in renewal premium income to Rs. 37,221 crores for April – June 2011 quarter, as
ASHOKLEY 25.1 24.6 (1.80)
compared to Rs. 32, 959 crores same period last year, This means increasing number of
policy-holders are renewing their respective policies, indicating that the policy-
INSTITUTIONAL ACTIVITY (Rs Cr) 10-Aug 09-Aug YTD holders are taking an informed decision and are been advised well, resulting in better
FII Cash Net 249 (1,960) 8,390 conservation ratio for the industry.
FII Stock Futures 216 719 (435)
FII Index Futures 1,528 (169) 8,917 The worldwide business process outsourcing (BPO) market is forecast to grow by 6.3%
Mutual Fund 295 525 5,186 globally and 17.9% in the Asia-Pacific during the year 2011, says a study by market
research firm Gartner
VALUATIONS P/E P/B DIV YLD
BSE 18.4 3.4 1.5
NSE 18.2 3.1 1.4
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 %
Jaiprakash Asso 62.7 5.38 Orchid Chem 199.8 10.60 Inox Leisure 42.8 19.89
ONGC 286.8 3.99 Shree Renuka Sug 57.7 10.01 Om Metals 27.5 16.77
Wipro 332.5 3.74 Spicejet 24.3 9.95 Bhansali Engr 33.5 15.34
Tata Power 1090.7 3.60 Dewan Housing 214.9 8.26 Bannari Amman Sug 532.1 12.84
Bajaj Auto 1482.1 3.56 Aban Offshore 370.8 7.70 Unisys Soft 79.9 12.77
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
DLF 182.7 -2.25 Ramky Infra 227.1 -15.75 Dunlop India 18.8 -19.83
HDFC Bank 452.7 -2 Nava Bharat Vent 175.6 -8.83 Falcon Tyres 45.5 -9.91
Infosys 2194.1 -1.41 Aurobindo Phar 125.2 -8.72 Confidence Petro 10.8 -9.62
TCS 918.3 -1.24 3M India 4,500.1 -6.74 AGCNET 120.0 -6.10
Mahindra & Mahindra 714.4 -0.66 KGN Inds 34.8 -4.92 Karuturi Glob 7.5 -5.78
BULK DEALS
SCRIP NAME CLIENT NAME TYPE QTY % PRICE
NSE
MindTree Limited Coffee Day Resorts Pvt Ltd BUY 5.68% 428.0
MindTree Limited Ashok Soota SELL 5.50% 428.0
Bharat Forge Ltd Barclays Capital Mauritius Limited SELL 0.55% 307.6
Balrampur Chini Mills Balrampur Chini Mills Ltd BUY 0.86% 62.9
Balrampur Chini Mills Barclays Capital Mauritius Limited SELL 0.87% 61.9
BSE
Bedmutha Inds INVENTURE GROWTH & SECURITIES LTD. BUY 1.23% 123.0
BGIL Films KAILASH CHANDRA BUY 0.80% 4.7
Gemstone Invest SUKRATI CONSULTANCY SERVICES SELL 2.25% 8.9
Monnet Ispat BLACKSTONE MANAGEMENT PARTNERS BUY 1.80% 478.1
Sanraa Media JMP SECURITIES PVT LTD BUY 2.30% 0.1