July 25, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 22-Jul 21-Jul % Change COMMENTARY
BSE Sensex 18,722 18,436 1.55 INDIA
NSE Nifty 5,633 5,542 1.65
BSE Midcap 7,046 6,959 1.25 After meandering for the past two days, the Indian market sprung back to life on Friday, powered by positive
BSE Smallcap 8,463 8,394 0.82 cues from the overseas markets. Equities surged across global markets after European leaders agreed to a
Nifty Junior 11,278 11,140 1.24 new USD 229bn bailout plan for debt-plagued Greece that includes private sector support. Strengthening of
the 440-bn euro rescue fund to buy debt of the struggling eurozone nations, and talk that President Obama
CNX Midcap 8,153 8,048 1.30
may be close to reaching a compromise with the House of Republicans, also buoyed the sentiment partially.
Axis Bank was in the limelight after announcing better than expected quarterly earnings. Even, Jet Airways
and Praj Industries impressed with their earnings. In the coming days, the focus will be on the RBI’s policy
GLOBAL MARKETS 22-Jul 21-Jul % Change action, F&O expiry, monsoon and the parliament session. The BSE Sensex ended at 18,722, adding 286
Dow Jones Ind (USA) 12,681 12,724 (0.34) points. The NSE Nifty closed at 5,634, adding 92 points.
Nasdaq Composite(USA) 2,859 2,834 0.86 Market breadth was quite healthy. On the BSE, 1574 stocks advanced as against 1286 that declined while 166
S&P 500 (USA) 1,345 1,344 0.09 stocks remained unchanged.
FTSE 100 (UK) 5,935 5,900 0.60
DAX (Germany) 7,326 7,290 0.50 GLOBAL MARKETS
Nikkei 225 (Tokyo) 10,132 10,010 1.21
U.S. stocks ended on a flat note including the biggest one-day gain since March for the Standard & Poor’s
Hang Seng (Hong Kong) 22,444 21,987 2.08
500 Index, as Europe pledged support for Greece to end the region’s debt crisis and earnings reports drove
Shanghai Comp (China) 2,770 2,766 0.15 companies from Morgan Stanley to Advanced Micro Devices Inc. higher. The S&P 500 increased 0.09 percent
KOSPI (South Korea) 2,171 2,145 1.21 to 1,345 while DJIA decreased 0.34 percent to 12,681. For the week S&P was up on optimism that President
STI (Singapore) 3,182 3,139 1.39 Barack Obama and lawmakers will agree to raise the nation’s debt limit before an Aug. 2 deadline.
MSCI Emerging Market 438 438 0.00
MSCI Frontier Market 538 533 0.94 Asian markets are trading negative as Nikkei is down 0.56 percent, Hang Seng is down 0.75 percent, Strait
Times is down 0.87 percent and Shanghai is down 0.88 percent.
BOND MARKETS 22-Jul 21-Jul Change
10yr G-Sec Yield 8.31 8.26 0.05 CORPORATE/ ECONOMY NEWS
1yr G-Sec Yield 8.24 8.23 0.01 The Cabinet Committee on Economic Affairs approved the USD 7.2 billion deal between Mukesh
LIBOR (6m) 0.36 0.36 0.00 Ambani-led Reliance Industries (RIL) and British Petroleum (BP). The mega deal is seen as the biggest
LIBOR (1m) 0.16 0.16 0.00 FDI into India.
Interbank Call rate 7.45 7.45 0.00
Private sector Axis Bank reported a jump of 27 per cent in net profit to Rs 942.3 crore for the first
quarter ended June 30, 2011.The bank had posted a net profit of Rs 741.88 crore for the June quarter of
the previous fiscal.
BSE Turnover Rs Cr('000) Sensex
18800 3.2 Public sector lender Union Bank of India reported a 22.7% decline in net profit at Rs 464.4 crore for the
3.1 first quarter ended June 30, 2011, mainly on account rise in provision against bad assets. It had posted a
18700 net profit of Rs 601.42 crore for the corresponding quarter of the last fiscal.
3.0
18600 2.9
2.8 Brushing off fears that commercial mining in coal sector may erode its monopoly and profitability, Coal
18500
2.7 India (CIL) said it was geared up to face the challenge and would welcome any such move to open up
18400 2.6 the sector for private investment. The government is considering re-introduction of a Bill to amend the
2.5 existing Act governing coal mining for allowing private sector in the space and is likely to convene a
18300
2.4 meeting of a ministerial panel soon.
18200 2.3
18-Jul 19-Jul 20-Jul 21-Jul 22-Jul Tata Motors' consolidated net debt has come down by 20.70% during 2010-11 to Rs 21,479.90 crore on
account of fund generations from institutional buyers and conversion of foreign securities.
Sugar producer Balrampur Chini Mills reported a loss of Rs 19.86 crore for the quarter ended June 30,
NSE Turnover Rs Cr('000) Nifty 2011. The company had reported a net profit of Rs 11.13 crore in year-ago period
5640 14
5620 12 Industrial energy solutions provider Thermax reported a 28.14% jump in consolidated net profit for the
5600 10 quarter ended June 30 to Rs 85.6 crore.The company had posted a net profit of Rs 66.8 crore for the
5580 88.38 #DIV/0! corresponding period last year.
8
5560
6 JB Chemicals & Pharmaceuticals (JBCPL) said that it would sell its prescription products business in
5540
5520 4 Russia and CIS countries to Dr Reddy's Laboratories for Rs 137.5 crore.
5500 2
Low-cost airline SpiceJet said that its promoter group firm Kal Airways had pledged 86.17% of its total
5480 0
holding in the company.
18-Jul 19-Jul 20-Jul 21-Jul 22-Jul

July 25, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 22-Jul 21-Jul % Change CORPORATE NEWS
BANKEX 12,909 12,638 2.14% Tata Motors told the Calcutta High Court that law and order problems at Singur had
TECk 3,639 3,565 2.06% prompted it to shift its proposed Nano car plant to Gujarat and could not be accused by
AUTO 8,859 8,707 1.76% West Bengal government of abandoning the project.
CG 13,711 13,479 1.72%
IT 5,933 5,842 1.55% Varun Energy Corporation (VEC), Madagascar, a group company of Varun Industries,
OIL&GAS 9,189 9,058 1.45% has signed a Memorandum of Understanding (MoU) with a public sector undertaking
(PSU) under Department of Atomic Energy, to sell entire heavy mineral concentrate such
HC 6,418 6,341 1.21%
as ilmenite, rutile, leucoxene, monazite (rare earth), zircon, sillimanite and garnet.
METAL 14,762 14,600 1.11%
POWER 2,570 2,546 0.93% Sesa Goa, a Vedanta Group firm, have scaled down its sales volume guidance for the
PSU 8,566 8,489 0.91% year to 15-16% from the earlier projection of 25% amid uncertainty over the resumption
FMCG 4,110 4,082 0.67% of iron ore exports from Karnataka and logistical issues in Goa.
REALTY 2,204 2,198 0.27%
CD 6,773 6,811 -0.57% Energy consumers served by Reliance Infrastructure can now obtain information
about its services under the RTI Act as the State Information Commission has, in a
significant order, ruled that being a public utility service provider it comes under the
transparency law.
Godrej Properties reported 55.17% decline in its consolidated net profit for the quarter
ended June 30 at Rs 10.06 crore.The compnay had posted a net profit of Rs 22.44 crore
BSE Upper Circuit Breakers in the corresponding period last year.
Company Name 22-Jul 21-Jul % Change
Nikhil Adhsv 45.4 41.3 9.90 Industrial energy solutions provider Thermax have reported a 28.14% jump in
KEMP & COMPANY LTD. 237.0 226.0 4.90 consolidated net profit for the quarter ended June 30 to Rs 85.6 crore.The company had
INTEC CAPITAL LTD. 40.3 36.7 10.00 posted a net profit of Rs 66.8 crore for the corresponding period last year.
AVT NATURAL PRODUCTS LTD. 398.8 379.9 5.00 0
KANPUR PLASTIPACK LTD. 34.2 28.5 20.00 FMCG firm Colgate-Palmolive (India) reported a 17.66% decline in net profit for the
quarter ended June 30 to Rs 100.44 crore, mainly on account of rising raw material
costs.The company had posted a net profit of Rs 121.98 crore for the corresponding
period last year.
IT training services firm NIIT Ltd reported a growth of 0.76% in consolidated net profit
to Rs 13.1 crore for the quarter ended June, 2011. The company had registered a net
BSE Lower Circuit Breakers profit of Rs 13 crore in the same period of the previous fiscal.
Company Name 22-Jul 21-Jul % Change
KARMA INDUSTRIES LIMITED 218.6 242.8 (10.00) Allahabad Bank posted a net profit of Rs 418.13 crore for the quarter ended June 30,
EPSOM PROPERTIES LTD. 9.0 10.0 (9.90) 2011, up 20.44% as compared to Rs 347.14 crore for the corresponding quarter a year
Shree Ganesh Jewellery House Ltd 174.3 217.8 (20.00) ago. Total income has increased 41.97% to Rs 3,835.77 crore for the quarter ended June
30, 2011 from Rs 2,701.68 crore for the quarter ended June 30, 2010.
MAHAVEER INFOWAY LTD 14.9 15.7 (4.80)
PH CAPITAL LTD 12.4 13.0 (5.00)
Trent Ltd. has entered into an MOU with Spanish group Inditex to develop and
promote Massimo Dutti stores in India. As per the MOU signed, ZARA Holding BV (an
Inditex Group company) would hold 51% and Trent Ltd., would hold 49% in the
proposed JV Company.
Ashok Leyland, which rolled out its light commercial vehicle (LCV) 'Dost' on last Friday,
has set a target of 140,000 vehicles for the next three years. Though the 'Dost' was
jointly developed along with its Japanese partner Nissan, it was manufactured at Ashok
Leyland's Hosur facility.
With 30 per cent market share in the inverter batteries at present, Exide Industries is
eyeing a growth of 2-3 per cent market share in inverter batteries this year with the
launch of new batteries.
COMMODITY 22-Jul 21-Jul % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 118 118 -
0.22 Brent Crude Oil ended flat at $118 per barrel. Gold closed up 0.22 percent at Rs 23,075
Gold (Rs/10gm) 23,075 23,025
and silver closed up 0.91 percent at Rs 59,380.
Silver (Rs/kg) 59,380 58,842 0.91
CURRENCY 22-Jul 21-Jul % Change The Indian Rupee closed higher against the dollar at Rs 44.35 as the Indian equity
INR / USD 44.35 44.51 (0.36) benchmarks ended on a positive note.
USD / Euro 44.35 44.41 (0.14)
Yen / USD 78.35 78.81 (0.58)

July 25, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
GTL 74.3 75.6 1.75 After posting a robust expansion of 33.5% in May, gems and jewellery exports grew
STRTECH 53.9 54.5 1.11 at a slower but healthy pace of 16.7% to $3.9 billion in June year-on-year.
GTLINFRA 14.6 14.7 0.68 Traders said the demand in June from the main markets like the UAE and the US had
MOSERBAER 38.4 38.7 0.65 shown a little sluggish trend.
EKC 90.5 91.0 0.55
TRIVENI 36.2 36.4 0.55 The Government on Friday released the 4th advance estimates of foodgrain
PIRHEALTH 399.6 388.7 (2.73) production for 2010-11. As per the latest estimates, India has produced 241.56 million
tonnes of foodgrains during 2010-11 compared to 218.11 million tonnes in the
TATACHEM 382.1 373.2 (2.34)
previous year. This is highest ever foodgrains production, surpassing the earlier
ORBITCORP 42.9 42.2 (1.75)
record of 234.47 million tonnes achieved in 2008-09. It may also be noted that the
ZEEL 134.0 131.7 (1.75) production of wheat, estimated at 85.93 million tonnes, is an all time record.
PETRONET 175.4 172.8 (1.48)
CENTURYTEX 365.4 360.5 (1.34) It's official now -- Indians hold over Rs 11,000 crore (about $2.5 billion) in Swiss banks,
but this figure of Switzerland's central bank may be a gross understatement of the
INSTITUTIONAL ACTIVITY (Rs Cr) 14-Jul 13-Jul YTD total wealth directly and indirectly held there by entities from India. The ever-
FII Cash Net 338 150 13,845 growing judicial scrutiny and political outcry over alleged stashing of black money in
FII Stock Futures 169 18 (6,742) Swiss banks also seems to be forcing Indian entities to move their monies to other
FII Index Futures (106) 357 13,660 safe havens like the Middle East, Singapore and Mauritius.
Mutual Fund 544 (44) 3,520
VALUATIONS P/E P/B DIV YLD
BSE 19.6 3.4 1.4
NSE 19.9 3.5 1.1
BSE500 Mcap/GDP Ratio 0.57
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Bharti Airtel 410.95 3.99 Rallis India 159.75 10.06 Clarus Finance 192.25 19.86
Reliance Comm 93.55 3.43 Gujarat State Pet 108.15 9.74 Praj Inds 93.65 16.63
Mahindra & Mahindra 722.9 2.98 FAG Bearings 1344 7.41 Kirloskar Pneu 577.6 15.49
ICICI Bank 1068.3 2.61 3M India 4491.8 7.31 Sunflag Iron 31.05 11.89
Tata Motors 996.85 2.18 D B CORP 238.25 6.1 Kirloskar Bros Inv 710 10.94
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
DLF 240.6 -0.43 Whirlpool 228.55 -3.05 Shree Ganesh Jewel 174.25 -19.98
Hindalco Inds 176.8 -0.28 SKS Microfinance 533.4 -2.74 KARMA ISP 218.55 -9.99
Jindal Steel 627.3 -0.07 India Sec 42.35 -2.42 Graviss Hospitality 24.8 -4.98
- - - Indiabulls Real Est 114.9 -2.25 SV Electricals 36.5 -4.95
- - - Amara Raja 241.1 -2.03 Ontrack Sys 27.2 -4.90
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
Aarey Drugs Thakorlal Atma Ram Modi BUY 1.23% 21.5
ACROPET TEC Oudh Finance & Investment BUY 0.80% 17.0
Zenu Infotech Anuradha Pankaj Dhoot SELL 2.25% 38.0
Tata Coffee A K G Securities And Consultancy Ltd BUY 0.66% 882.2
RCL FOODS Span Stock Broking SELL 0.65% 54.1