December 29, 2010
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 28-Dec 27-Dec % Change COMMENTARY
BSE Sensex 20,025 20,029 (0.02) INDIA
NSE Nifty 5,996 5,998 (0.03) After surviving China scare yesterday, the Indian markets ended almost unchanged on Tuesday amid a
BSE Midcap 7,619 7,614 0.07 choppy trading session. The benchmark indices struggled for any specific direction through out the day
BSE Smallcap 9,405 9,374 0.33 and were stuck in a narrow trading band.The Oil & Gas, Auto and the PSU stocks were among the major
Nifty Junior 11,914 11,926 (0.10) laggards, on the other hand, FMCG, Pharma and the Telecom stocks were among the gainers. Even the
CNX Midcap 8,648 8,665 (0.20) broader indices ended with modest gains. Even the foreign institutional participation was comparatively
negligible on approaching year-end holidays for Christmas and New Year.The Sensex, which moved
either-way with moderate margins, closed 4 points lower at 20,025 as stocks in refinery, auto and
banking sector eased on profit-selling.The broad-based National Stock Exchange index Nifty eased by 2
GLOBAL MARKETS 28-Dec 27-Dec % Change points to 5,996. The BSE Midcap & Smallcap ended with modest gains.
Dow Jones Ind (USA) 11,576 11,555 0.18
Nasdaq Composite(USA) 2,663 2,667 (0.15) The market breadth was neutral. Out of 3014 stocks traded on the BSE, there were 1435 advancing
S&P 500 (USA) 1,258 1,257 0.08 stocks as against 1379 declines.
FTSE 100 (UK) 6,009 6,009 0.00
DAX (Germany) 6,972 6,971 0.01 GLOBAL MARKETS
Nikkei 225 (Tokyo) 10,293 10,356 (0.61) Stocks closed barely changed Tuesday amid light trading ahead of the New Year's holiday.The blue-chip
Hang Seng (Hong Kong) 22,622 22,834 (0.93) Dow Jones industrial average finished slightly higher, though stocks had dipped earlier on
Shanghai Comp (China) 2,734 2,781 (1.70) disappointing consumer confidence and home prices reports.The Dow edged up after Treasury prices
fell in the wake of a weak bond auction in the afternoon. Fewer than expected buyers emerged for the
KOSPI (South Korea) 2,033 2,022 0.56
government's auction of $35 billion five-year bonds.The Dow closed the day higher by 0.2 percent, to
STI (Singapore) 3,184 3,159 0.77 11,576The S&P 500 index was up 0.08, , to 1,258. The technology-focused Nasdaq composite index lost
MSCI Emerging Market 427 427 0.00 0.15 percent, to 2,663.
MSCI Frontier Market 596 598 (0.33)
The Asian Markets have kicked of the day in green.Nikkei in up by 0.20%.Hang Seng is up by 0.50%.
BOND MARKETS 28-Dec 27-Dec Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 7.99 8.00 (0.01) Kingfisher Airlines, the Vijay Mallya promoted private carrier reportedly launched five new flights on
1yr G-Sec Yield 7.33 7.34 (0.01) its domestic network on Monday, 27 December 2010.
LIBOR (6m) 0.46 0.46 0.00
LIBOR (1m) 0.26 0.25 0.01 Gayatri Projects Limited (GPL), the Hyderabad-based leading Infrastructure Company has secured two
Interbank Call rate 6.9 6.9 0.00 orders from Madhya Pradesh Paschim Kshetra Vidyut Vitaran Co. Ltd (MPPKVVCL). The orders, are for
electrical supply and erection on turn-key basis at Indore, and valued at Rs. 63.01 crore and Rs. 50.11
crore respectively.
BSE Turnover Rs Cr('000) Sensex Steel tycoon Lakshmi N Mittal and Hindustan Petroleum Corp Ltd (HPCL) plan to sell a 10-per cent
20080 4.0 stake each in the under-construction Bhatinda Refinery in a public offering in Q4 of 2011 to raise Rs
20060 3.5 1,000-1,500 crore.
20040 3.0
20020 2.5 Construction company Punj Lloyd said that it has been awarded a contract for the construction of two
20000 2.0 commercial buildings within Hiranandani Palace gardens, by Hirco group. The project is a part of Hirco's
Panvel special economic zone (SEZ) in Maharashtra, and is expected to be completed in within 24
19980 1.5
months.
19960 1.0
19940 0.5 Leading sports channel Nimbus Communications that owns Neo Sports and Neo Cricket said that it
19920 0.0 will come out with an IPO by March to issue 22 million shares, which may see the company raise around
22-Dec 23-Dec 24-Dec 27-Dec 28-Dec Rs 900 crore.
IT services firm MindTree Ltd said that it will incure costs of about $3.6-3.9 million related to the
restructuring of its wireless business into a design service business.The restructuring costs will be
NSE Turnover Rs Cr('000) Nifty expensed in the financials for the quarter ending December.
6020 14
6010 12 A big banking fraud was uncovered at the Gurgaon branch of Citibank that saw a bank employee
10 fraudulently diverting an estimated Rs 400 crore from 20 accounts of high-networth clients.
6000
88.38 #DIV/0!
8
5990 IT firm Tech Mahindra said that it has partnered with software giant Microsoft to offer customised CRM
6
5980 solutions for telecom service providers..
4
5970 2 Eyeing properties overseas to meet the growing domestic demand for manganese ore, which is pegged
5960 0 to touch 4.5 million tonnes by 2012, the state-owned MOIL has invited bids from global firms to form
22-Dec 23-Dec 24-Dec 27-Dec 28-Dec JVs for such acquisitions.
`

December 29, 2010
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 28-Dec 27-Dec % Change CORPORATE NEWS
FMCG 3,597 3,574 0.63 Drug firm Cipla said that it has received fresh notices from National Pharmaceutical
Healthcare 6,652 6,621 0.47 Pricing Authority (NPPA) for Rs 73.16 crore for overpricing of two drugs.
Teck 3,966 3,952 0.34
IT 6,731 6,711 0.29 The Indian Overseas Bank ( IOB ) will be converting its five-year-old representative
Power 2,929 2,923 0.19 office in China into its full scale branch, a top bank official said on Tuesday.
Realty 2,747 2,742 0.19
Metal 17,087 17,060 0.16 Punj Lloyd said that it has bagged a contract for construction of two commercial
buildings in a township being developed by the Hirco Group at its Special Economic
Consumer Durables 6,111 6,119 (0.14)
Zone at Panvel, Maharashtra.
Bankex 12,978 13,005 (0.21) Chandigarh-based Surya Pharmaceuticals today said its subsidiary has acquired US-
Capital Goods 15,143 15,185 (0.28) based over-the-counter analgesic drug manufacturer Action for USD 22 million (about
Auto 9,972 10,007 (0.35) Rs 99 crore).
PSU 9,236 9,278 (0.46)
Oil&Gas 10,530 10,608 (0.74) Four companies have been identified for the Rs 755-crore project to develop new berths
at Gujarat’s Kandla port. Private firms Ras Infraport, Sical Logistics, IMC and PSL will
work on build-operate-transfer basis with the Centre and bring cargo handling capacity
of the country’s largest port closer to 100 million tonnes.
Auto-maker Mahindra & Mahindra said that it will raise the prices of its products across
all categories in January due to increase in commodity rates.
BSE Upper Circuit Breakers
Company Name 28-Dec 27-Dec % Change US-based Worthington Industries today picked up 60 per cent stake in Nitin Cylinders, a
Symphony 656.2 596.5 10.00 wholly-owned subsidiary of Nitin Fire Protection Industries, for around $21 million.
Carol Info Services 130.3 124.1 5.00 After the deal, the subsidiary will turn into a joint venture between Nitin Fire and
Shaily Engineering 329.7 314.0 5.00 Worthington which is in the business of manufacturing pressure cylinders.
Nile 143.0 136.2 5.00 0
Zee Learn 26.3 25.0 5.00 The US subsidiary of Glenmark Generics said that they have been granted final
abbreviated new drug application (ANDA) approval by the United States Food and Drug
Administration (USFDA) for Lithium Carbonate 300 mg extended-release tablets. The
company said that it will commence the marketing and distribution of the product
immediately.
Zee group company Dish TV said that it will increase its total transmission bandwidth
BSE Lower Circuit Breakers to 648 megaHertz from the current 432 Mhz. The direct-to-home services provider said
Company Name 28-Dec 27-Dec % Change that it has signed a long-term contract for transponders, to facilitate this. This extra
Polychem 219.7 244.0 (10.00) transponder capacity will enable Dish TV to increase its standard definition channel
capacity as well as high definition (HD) capacity.
Spectacle 47.7 50.2 (5.00)
Bheema Cem 30.8 32.4 (5.00) Tata Steel, the largest shareholder in Africa-focused miner Riversdale, has not yet
Shree Ashtavinayak 9.2 9.7 (5.00) decided whether to counter Rio Tinto's $3.9 billion bid for the company.
Ensa Steels 15.3 16.1 (5.00)
TVS Shriram Growth Fund has invested $11 million in Om Pizzas and Eats Pvt Ltd to
help the firm, which is the pan-India franchisee for global brands like Papa John's
Pizza, Chili's Grill & Bar and The Great Kabab Factory, open more outlets and enhance its
market share in the country.
COMMODITY 28-Dec 27-Dec % Change COMMODITY / CURRENCY NEWS
Crude Oil (USD/bbl) 91.4 91.0 0.40
Gold (Rs/10gm) 20,692.0 20,511.0 0.88
Silver (Rs/kg) 45,392.0 44,387.0 2.26 Light Sweet Crude Oil on Tuesday was up by 0.40% at $91.4 per barrel. Gold closed up by
0.88% at Rs 20,692 and Silver closed down by 2.26% at Rs. 45,392.
CURRENCY 28-Dec 27-Dec % Change The Indian Rupee closed higher against the dollar at 45.16 as the Indian equity
INR / USD 45.16 45.23 (0.15) benchmarks ended on negative note.
USD / Euro 1.32 1.31 0.76
Yen / USD 82.36 82.81 (0.54)

December 29, 2010
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY NEWS
NEYVELILIG 131.1 132.2 0.84 The airports regulator is all set to roll out a regime for revenue regulation at 12
IGL 324.8 327.1 0.69 major airports of the country after a major roadblock impeding the process has
BOSCHLTD 6224.0 6,258.9 0.56 been cleared. Directives given by the government (ministries) will not be binding on
ORIENTBANK 397.3 399.4 0.54 regulatory bodies in discharging statutory functions, country’s Attorney General
CROMPGREAV 307.3 308.9 0.50 Goolam EVahanvati said earlier this month, allowing the regulator to work
GVKPIL 39.9 40.1 0.50 independently.
GLAXO 2238.8 2,231.3 (0.34)
With fast changing industry dynamics, the country's BPO sector is expected to
TATAGLOBAL 109.6 109.3 (0.23)
see a consolidation wave in the coming months, says global research group
SIEMENS 810.5 808.8 (0.20) Gartner. The $12 billion Indian BPO industry is facing stiff competition from
BAJAJHLDNG 859.2 857.7 (0.18) countries like the Philippines and the top 10 players account for about 75 per
BEL 1725.0 1,723.0 (0.12) cent of the total market.
INDHOTEL 95.1 95.0 (0.11)
INSTITUTIONAL ACTIVITY (Rs Cr) 9-Dec 8-Dec YTD India's housing regulator has tightened lending norms governing housing
FII Cash Net (1,197) (1,297) 127,565 finance companies, a move likely to hurt borrowers across sectors, the agency
FII Stock Futures 4 (194) (11,455) said on its Website. The National Housing Bank has mandated housing finance
FII Index Futures firms to keep aside 0.4 per cent of the total outstanding loans, excluding
451 (1,276) (13,063)
individual housing loans, by September 2011.
Mutual Fund 150 (34) (29,881)
The government is likely to usher in the New Year with some important policy
VALUATIONS P/E P/B DIV YLD reforms. Important foreign direct investment (FDI) policy announcements is
BSE 23.1 3.8 1.0 likely to be made in January 2011
NSE 23.9 3.8 1.0
BSE500 Mcap/GDP Ratio 0.65
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
HDFC Bank 2,257.10 2.02 Glodyne Tech 669.8 -5.46 Bartronics 91.25 19.05
Tata Power 1,334.30 1.75 Money Matters 130.2 -5 PVP Vent 10.2 18.74
Reliance Comm 139.20 1.72 Shree Ashtavina 9.3 -4.62 Genus Power 22.5 10.57
Wipro 491.40 1.31 Allcargo Glob 145.1 -3.68 SYMPHONY 656.15 10
ITC 171.15 0.94 HATHWAY CAB 159.45 -3.63 Modern India 116 9.43
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Tata Motors 1267.7 -2.53 United Brew 518.75 13.75 Asahi India 88.3 -7.1
ICICI Bank 1113.7 -0.92 Hindustan Oil 222.95 9.45 Surana Inds 288 -5.26
SBI 2727.05 -0.9 Manappuram Gen 152.4 8.12 Aditya Birla Money 33.75 -5.2
RIL 1047.15 -0.75 Motilal Oswal 171.4 6.79 Midfield Industries 105.7 -4.99
ONGC 1291.55 -0.66 United Brew Hldg 288.7 5.56 SVC RES 77.15 -4.99
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
ASHCONIUL Bp Fintrade Private Limited BUY 0.98% 5.8
CINEMAX Union Investment Luxembourg Uniasia BUY 1.07% 53.5
ISPATIND Jaypee Capital Services Ltd. BUY 0.53% 22.4
R.P.P. Infra Projects Ltd Crosseas Capital Services Pvt. Ltd. SELL 0.55% 60.8
Talwalkar Fitness Ltd Credit Suisse (Singapore) Limited A/C Credit Suisse (Singap SELL 0.52% 256.6
BSE
ABG Shipyard Reliance Mutual Fund BUY 0.60% 367
Amulya Leas Sangeeta Pareeku BUY 0.52% 36.5
Arvind Intl Jmp Securities Pvt Ltd BUY 0.26% 20.56
MOIL LTD Crosseas Capital Services Private Limited SELL 0.64% 465.5
Kinetic Engr Iifl Capital Mumbai Fund SELL 0.48% 163.6