1.
July 26, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 25-Jul 22-Jul % Change COMMENTARY
BSE Sensex 18,871 18,722 0.80 INDIA
NSE Nifty 5,680 5,633 0.83 The Indian markets continued its march in the northward direction for the second consecutive session after a
BSE Midcap 7,080 7,046 0.49 strong rally on Friday. Shares of leading mobile service providers jumped after top mobile firm Bharti Airtel
BSE Smallcap 8,505 8,463 0.50 raised call tariffs in some of its telecom zones, triggering expectations that other firms will follow suit in a
Nifty Junior 11,339 11,278 0.54 market that has one of the world's cheapest call rates. Reliance Industries surged after Centre on Friday gave
an unconditional approval to India's biggest private sector company, to sell 30% interest in 21 blocks to
CNX Midcap 8,216 8,153 0.78
British Petroleum, ahead of its results which came-out post market hours. RCom, Bharti Airtel, M&M, Tata
Steel, L&T, DLF, BHEL, Hero Honda, Tata Motors and HDFC Bank were among the notable leaders in the
Sensex and the Nifty. BSE Sensex ended at 18,871, up 149 points over the previous close. It had earlier
GLOBAL MARKETS 25-Jul 22-Jul % Change touched a day’s high of 18,932 and a day’s low of 18,670. NSE Nifty ended at 5,680, up 46 points over the
Dow Jones Ind (USA) 12,593 12,681 (0.70) previous close.
Nasdaq Composite(USA) 2,843 2,859 (0.56) The BSE market breadth was positive. Out of 3,004 stocks traded, 1,605 advanced while 1,277 declined.
S&P 500 (USA) 1,337 1,345 (0.57) Markets will look at the RBI policy review and the ongoing results season for direction.
FTSE 100 (UK) 5,925 5,935 (0.16)
DAX (Germany) 7,344 7,326 0.25
Nikkei 225 (Tokyo) 10,050 10,132 (0.81) GLOBAL MARKETS
US stocks fell on Monday as political brinkmanship in Washington over the US debt ceiling sparked fears of a
Hang Seng (Hong Kong) 22,293 22,444 (0.67)
US rating downgrade, sending world equities lower and pushing gold to a record high. The U.S. dollar
Shanghai Comp (China) 2,689 2,770 (2.93)
weakened against most of its major peers as President Barack Obama said the two sides of American politics
KOSPI (South Korea) 2,150 2,171 (0.95) have reached a stalemate on raising the debt ceiling. DJIA closed at 12,593, down 0.7 percent and S&P closed
STI (Singapore) 3,172 3,182 (0.33) at 1,337, down 0.57 percent.
MSCI Emerging Market 444 438 1.37
MSCI Frontier Market 538 538 0.00 Asian markets are trading flat-to-positive with Nikkei and Strait Times trading flat, Hang Seng is up 0.12
percent and Shanghai is up 0.2 percent.
BOND MARKETS 25-Jul 22-Jul Change
10yr G-Sec Yield 8.29 8.31 (0.02) CORPORATE/ ECONOMY NEWS
1yr G-Sec Yield 8.24 8.24 0.00 Reliance Industries (RIL) posted a 16.70% increase in its consolidated net profit at Rs 5,661 crore for the
LIBOR (6m) 0.36 0.36 0.00 first quarter ended June 30, on the back of higher refining margins.Its net profit for the period April-June
LIBOR (1m) 0.16 0.16 0.00 last year was Rs 4,851 crore, the company said in a filing. RIL, which operates the world's largest refining
Interbank Call rate 7.49 7.45 0.04 complex at Jamnagar in Gujarat, said it earned $10.3 for turning every barrel of crude oil into petroleum
products or fuel as opposed to $7.3 per barrel gross refining margin in Q1 of FY11. Turnover was up
37.2% to Rs 83,689 crore while exports jumped 57.5% to Rs 51,737 crore.
BSE Turnover Rs Cr('000) Sensex The country's largest wind turbine-maker Suzlon Energy announced that it will sell its 26% stake in
19000 3.2 Belgian company Hansen Transmission to German firm ZF Friedrichshafen for $187 million
18900 3.1 (approximately Rs 840 crore). Suzlon holds a 26% stake in Hansen Transmission through its Netherlands-
18800 based subsidiary, AE-Rotor Holding BV, Suzlon said in an announcement to the Bombay Stock Exchange.
3.0
18700
2.9 The country's largest power producer NTPC posted a nearly 13% jump in net profit to Rs 2,075.78 crore
18600
2.8 for the quarter ended June, 2011. The thermal power major had posted a profit of Rs 1,841.89 crore for
18500 the April-June period a year ago. NTPC's sales shot up to Rs 14,524.23 crore in the first quarter of the
18400 2.7
current fiscal from Rs 13,006.26 crore in the year-ago period.
18300 2.6
18200 2.5 Religare Enterprises' investment banking arm Religare Capital Markets has acquired majority stake in
19-Jul 20-Jul 21-Jul 22-Jul 25-Jul South African broking firm Noah Financial Innovation. The acquisition of Noah, which offers research
services to the instituitional invesment community, will boost Religare's trading and research business
in South Africa, it said in a statement to the exchange.
NSE Turnover Rs Cr('000) Nifty United Bank of India (UBI), which came out with an IPO in early 2010, might explore the possibility of
5700 12 coming out with an FPO after two years, UBI chairman and managing director Bhaskar Sen said.
5650 12
Drug firm Zydus Cadila said the American health regulator, US Food and Drug Administration (USFDA),
5600 88.38 #DIV/0! 11 has given the green signal for commencement of drug supplies to the US from its formulations plant at
11 Baddi, Himachal Pradesh.
5550
10 Drug firm Ranbaxy Laboratories have said it has launched Letrozole tablets, used in the treatment of
5500 10 breast cancer, in the UK, Romania and France after the expiry of the patent held by Novartis.
5450 9
19-Jul 20-Jul 21-Jul 22-Jul 25-Jul

2.
July 26, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 25-Jul 22-Jul % Change CORPORATE NEWS
AUTO 8,982 8,859 1.38% Tantia Construction posted its net profit for the quarter ended June, 2011, at Rs 3 crore,
TECk 3,689 3,639 1.38% an increase of 50% from Rs 2 crore in the previous year same quarter. The net sales are
CG 13,879 13,711 1.23% registered at Rs 149 crore from Rs 109 crore in the corresponding quarter a year ago.
HC 6,496 6,418 1.22%
METAL 14,934 14,762 1.17% Glenmark Pharmaceuticals said it has completed Phase-I clinical trials of its new
REALTY 2,223 2,204 0.85% molecule, GRC 15300, being developed for treatment of pain. Glenmark
Pharmaceuticals SA (GPSA), the company's wholly-owned subsidiary, has successfully
BANKEX 13,014 12,909 0.82%
completed Phase-I trials of GRC 15300, a first-in-class inhibitor for treatment of pain,
POWER 2,588 2,570 0.71% Glenmark Pharma said in a statement.
OIL&GAS 9,244 9,189 0.60%
PSU 8,606 8,566 0.47% IT training services provider Edserv Softsystems said it will raise up to $35 million
CD 6,793 6,773 0.30% (nearly Rs 155 crore) through a Global Depositary Receipt (GDR) issue to fund expansion
IT 5,934 5,933 0.03% plans. The board of the company has approved raising up to $35 million through GDRs
FMCG 4,077 4,110 -0.80% to fund its aggressive expansion plans, Edserv Softsystems said in a filing to the Bombay
Stock Exchange.
Areva T&D India, which is now a part of Alstom Grid, said that it has signed an
agreement with state-run transmission utility PowerGrid Corporation for supply of
equipment to set up a national test sub-station at Bina, in Madhya Pradesh. As per a
Memorandum of Understanding (MoU), Areva T&D India will provide equipment to
BSE Upper Circuit Breakers PowerGrid Corp for the Bina sub-station, an official statement said.
Company Name 25-Jul 22-Jul % Change
SAFARI INDUSTRIES (INDIA) 136.8 114.0 20.00 Public sector lender Oriental Bank of Commerce (OBC) reported a 2.4% dip in net
SHYAM TELECOM 50.1 41.8 20.00 profit to Rs 354.7 crore for the quarter ended June 30, 2011, mainly on account of a rise
NICCO PARKS & RESORTS 22.0 20.0 10.00 in provisioning against bad assets. It had posted a net profit of Rs 363.3 crore for the first
KWALITY DAIRY (INDIA) 161.4 146.7 10.00 quarter (April-June) of the previous fiscal.
0
HINDOOSTAN MILLS 101.9 97.0 5.00
Edelweiss Capital's net has fallen 23% to touch Rs 33.21 crore in the quarter ended
June 30, 2011, as against Rs 43.26 crore for the previous quarter. The income, however,
has shown a marginal increase of around 2.5% — from Rs 386.26 crore in the last quarter
to Rs 395.83 crore in the quarter under review. The investment banking division has
taken the biggest hit during the quarter. The segment has reported an income of a little
over Rs 7 crore, compared to Rs 23.15 crore in the previous quarter. Its profit was less
BSE Lower Circuit Breakers than Rs 1 crore.
Company Name 25-Jul 22-Jul % Change
JAYBHARAT TEXTILES & REAL ESTATE 178.9 188.3 (5.00) Coal India, the world's largest coal miner, is seeking approval from the Indian
NEEMTEK ORGANIC PRODUCTS 109.6 115.3 (5.00) government to buy a 30% stake in a coal asset in Indonesia, its chairman said on
WOMEN NETWORKS 12.6 13.2 (5.00) Monday, but declined to give specific details on the possible investment.
DHOOT INDUSTRIES 11.2 11.8 (5.00)
State-owned Bank of India (BoI) posted a 28% decline in net profit at Rs 517.5 crore for
ALMONDZ CAPITAL & MANAGEMENT 15.3 16.1 (5.00) the first quarter ended June 30, 2011. It had posted a net profit of Rs 725.1 crore for the
corresponding quarter of the last fiscal.
Software firm Patni Computer Systems posted a net loss of Rs 51.52 crore for the
quarter ended June 30, 2011. The net sales of the company stood at Rs 821.91 crore for
the period under review.
Liquor maker Radico Khaitan said it had redeemed the final tranche of its foreign
currency convertible bonds (FCCBs) amounting to $44.22 million (over Rs 195 crore)
issued by the company in 2006. Radico Khaitan had raised a total of $50 million through
FCCBs on July 26, 2006 ($40 million) and August 25, 2006 ($10 million).
COMMODITY 25-Jul 22-Jul % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 118 118 (0.47)
0.73 Brent Crude Oil ended down at $117.8 per barrel. Gold closed up 0.73 percent at Rs
Gold (Rs/10gm) 23,243 23,075
23,243 and silver closed up 0.78 percent at Rs 59,842.
Silver (Rs/kg) 59,842 59,380 0.78
CURRENCY 25-Jul 22-Jul % Change The Indian Rupee closed lower against the dollar at Rs 44.39 as the Indian equity
INR / USD 44.39 44.35 0.09 benchmarks ended on a positive note.
USD / Euro 1.43 1.41 1.42
Yen / USD 78.25 78.35 (0.13)

3.
July 26, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
INDIACEM 73.2 73.9 0.96 India signed a civil nuclear cooperation deal with South Korea, allowing a framework
ABGSHIP 371.5 375.0 0.94 for Korean companies to participate in atomic power plant projects in the country.
GITANJALI 310.2 312.3 0.68 The agreement was signed after a meeting between President Pratibha Patil with her
GTL 73.2 73.6 0.62 South Korean counterpart Lee Myung-Bak.
EKC 92.4 93.0 0.60
NCC 79.3 79.8 0.57 Ratings agency Moody's has cut Greece's debt ratings by three notches to Ca on
PIRHEALTH 406.1 394.0 (2.98) Monday, leaving it just one notch above what is considered default, and said the
chance of a default is now "virtually 100%".
ORBITCORP 42.6 41.7 (2.23)
ZEEL 134.3 131.5 (2.12)
Engineering export body EEPC India has registered a growth of 54% during the 10
GESHIP 282.2 277.3 (1.74) month period of 2010-11 (April-January) to $215 million (Rs 954.6 crore) over the
CHENNPETRO 230.0 227.1 (1.28) corresponding period last year. The potential of export of engineering goods to
CUMMINSIND 678.5 669.9 (1.27) Canada is enormous as its 33% of engineering imports are outside the Nafta bloc
estimated of $44 billion, EEPC vice-chairman Anupam Shah said.
INSTITUTIONAL ACTIVITY (Rs Cr) 15-Jul 14-Jul YTD
FII Cash Net 115 338 13,990 Higher lending rates and tight liquidity conditions would continue to hit the demand
FII Stock Futures (206) 169 (6,949) for loans, resulting in a further slowing of growth in bank credit, the Reserve Bank of
FII Index Futures (187) (106) 13,472 India (RBI) said in its macro-economic and monetary development report on Monday.
Mutual Fund (79) 544 3,441 In the first quarter of this financial year, bank advances rose 20 per cent, compared
with 22 per cent in the year-ago period, mainly on account of a rise in lending rates
and a high base effect.
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 %
Reliance Comm 107.5 14.91 Kwality Dairy 161.35 9.99 Kanani Inds 212.75 15.50
Bharti Airtel 433 5.37 MTNL 48.15 9.31 HSIL 221.6 15.12
Mahindra & Mahindra 748.15 3.49 Sterlite Tech 57.6 7.16 Chemplast Sanmar 8.24 15.08
Hindalco Inds 180.9 2.32 Motilal Oswal 103 7.12 NAVIN FLUORI 368.95 11.87
Sterlite Inds 172.45 2.25 Tata Comm 232.75 5.65 Piramal Glass 149.45 11.74
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Cipla 317.3 -1.24 India Sec 40.2 -5.08 C&C Const 129.2 -5.28
ITC 205.3 -0.96 Gujarat State Pet 104.2 -3.65 KARMA ISP 207.65 -4.99
Hindustan Unilever 331.65 -0.67 Bajaj Elect 230 -3.3 Asian Star 1283 -4.96
Infosys 2806.6 -0.66 Patni Computer 322.15 -3.24 Centrum Cap 1331 -4.93
ONGC 279.6 -0.05 Alstom Projects 574.85 -3.08 SV Electricals 34.7 -4.93
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