1. COMMENTARY INDIAN MARKET 28-Oct 27-Oct % Change
BSE Sensex 19,941 20,005 (0.32)
NSE Nifty 5,988 6,012 (0.40)
BSE Midcap 8,376 8,430 (0.64)
BSE Smallcap 10,759 10,816 (0.53)
Nifty Junior 13,037 13,107 (0.53)
CNX Midcap 9,389 9,459 (0.74)
GLOBAL MARKETS 28-Oct 27-Oct % Change
Dow Jones Ind (USA) 11,114 11,126 (0.11)
Nasdaq Composite(USA) 2,507 2,503 0.16
S&P 500 (USA) 1,183 1,182 0.08
FTSE 100 (UK) 5,678 5,646 0.56
DAX (Germany) 6,595 6,568 0.42
9,366 9,387 (0.22)
23,211 23,165 0.20
Shanghai Comp (China) 2,993 2,997 (0.15)
KOSPI (South Korea) 1,908 1,910 (0.09)
STI (Singapore) 3,130 3,124 0.16
MSCI Emerging Market 418 416 0.36
MSCI Frontier Market 579 579 (0.01)
CORPORATE/ ECONOMY NEWS BOND MARKETS 28-Oct 27-Oct Change
10yr G-Sec Yield 8.12 8.12 0.00
1yr G-Sec Yield 7.08 7.08 0.00
LIBOR (6m) 0.46 0.46 0.00
LIBOR (1m) 0.26 0.26 0.00
Interbank Call rate 6.6 6.6 (0.08)
Nikkei 225 (Tokyo)
Hang Seng (Hong Kong)
Volume: 1 | Issue: 388| October 29, 2010
INDIA
The Bombay Stock Exchange benchmark Sensex shed its day’s gains at the end of the session on
Wednesday as traders preferred to prune their long positions on the last day of expiry of October
series derivative contract. Selling in the Realty, Power and the Metals stocks dragged the NSE
Nifty to end below the 6000 levels. In the past three days the index has now lost nearly 120
points. Cautious movement in global markets has also dampened the sentiment here. The Sensex
was down 64 points at 19,941 points and the Nifty was down 25 points at 5,988 points. The
broader indices were under pressure as well, the BSE Mid-Cap index ended lower by 0.7% and
BSE Small-Cap index fell by 0.6%.
The market breath was negative. 1167 stocks advanced, 1770 declined and 152 remained
unchanged.
GLOBAL MARKETS
Stocks pared earlier losses and ended virtually unchanged on Thursday, as investors remained
cautious ahead of next week's Federal Reserve meeting. Starting the session with strong gains,
stocks were fuelled by optimism from corporate earnings and a report showing fewer people
filing for first-time unemployment. However, skittishness prevailed and stocks seesawed
throughout the session. The Dow closed 12 points lower, The S&P 500 finished 1 point higher,
while tech-heavy Nasdaq gained 4 points.
Asian markets are trading on a negative note. The Nikkei is down by 1.6% while the Hang Seng is
down by 0.2%
BGR Energy Systems Ltd clocked a net profit of Rs 77.76 crore for the second quarter ended
September 30, 2010 against Rs 30.56 crore for the quarter ended September 30, 2009. The
company said that its total income has increased from Rs 473.56 crore during the second
quarter of previous fiscal to Rs 1,138.16 crore during the corresponding quarter of this fiscal.
Consulting firm Hexaware Technologies posted a flat growth in the third quarter results as its
net profit grew by 2.4 per cent to Rs 42 crore as opposed to Rs 41 crore in the same quarter last
`
0
5
10
15
20
25
30
5900
5950
6000
6050
6100
6150
21-Oct 22-Oct 25-Oct 26-Oct 27-Oct
NSE Turnover Rs Cr('000) Nifty
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
19700
19800
19900
20000
20100
20200
20300
20400
21-Oct 22-Oct 25-Oct 26-Oct 27-Oct
BSE Turnover Rs Cr('000) Sensex
Volume: 1 | Issue: 388| October 29, 2010
INDIA
The Bombay Stock Exchange benchmark Sensex shed its day’s gains at the end of the session on
Wednesday as traders preferred to prune their long positions on the last day of expiry of October
series derivative contract. Selling in the Realty, Power and the Metals stocks dragged the NSE
Nifty to end below the 6000 levels. In the past three days the index has now lost nearly 120
points. Cautious movement in global markets has also dampened the sentiment here. The Sensex
was down 64 points at 19,941 points and the Nifty was down 25 points at 5,988 points. The
broader indices were under pressure as well, the BSE Mid-Cap index ended lower by 0.7% and
BSE Small-Cap index fell by 0.6%.
The market breath was negative. 1167 stocks advanced, 1770 declined and 152 remained
unchanged.
GLOBAL MARKETS
Stocks pared earlier losses and ended virtually unchanged on Thursday, as investors remained
cautious ahead of next week's Federal Reserve meeting. Starting the session with strong gains,
stocks were fuelled by optimism from corporate earnings and a report showing fewer people
filing for first-time unemployment. However, skittishness prevailed and stocks seesawed
throughout the session. The Dow closed 12 points lower, The S&P 500 finished 1 point higher,
while tech-heavy Nasdaq gained 4 points.
Asian markets are trading on a negative note. The Nikkei is down by 1.6% while the Hang Seng is
down by 0.2%
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
reservesthe 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.
BGR Energy Systems Ltd clocked a net profit of Rs 77.76 crore for the second quarter ended
September 30, 2010 against Rs 30.56 crore for the quarter ended September 30, 2009. The
company said that its total income has increased from Rs 473.56 crore during the second
quarter of previous fiscal to Rs 1,138.16 crore during the corresponding quarter of this fiscal.
Consulting firm Hexaware Technologies posted a flat growth in the third quarter results as its
net profit grew by 2.4 per cent to Rs 42 crore as opposed to Rs 41 crore in the same quarter last
year. The company's revenues grew by seven per cent to Rs 281 crore as compared to the
corresponding quarter last year.
Punjab National Bank reported a 15.9 per cent growth in net profit to Rs 1,075 crore for the
second quarter ended September 30, 2010. It had net profit of Rs 927 crore in the year-ago
period. The bank's total income rose by 18.1 per cent from year-ago period to Rs 7,174 crore
during July-August, 2010.
Tata International said it expects to achieve a revenue of up to Rs 600 crore in the next five
years from its new footwear retail venture.
SAIL posted a 34.4 per cent drop net profit of Rs 1,090 crore for the quarter ended September as
compared to Rs 1,663 crore for the same quarter last year. The total income of the company
increased by six per cent to Rs 11,181 crore for the quarter ended September 30, 2010 from Rs
10,571 crore in the corresponding quarter last year.
State-owned Hindustan Copper Ltd posted a net profit of Rs 56.21 crore against Rs 15.10 crore
in the year ago period, mainly on account of higher prices and sales volumes.
State-owned Oil and Natural Gas Corp reported a 6 per cent rise in its net profit to Rs 5,388.77
crore in the quarter ended September 30.ONGC had posted a net profit of Rs 5,089.64 crore in
July-September quarter of 2009-10 fiscal. Sales rose to Rs 18,238.98 crore in Q2 of current fiscal
from Rs 15,134.04 crore a year ago.

2. CORPORATE NEWS SECTOR 28-Oct 27-Oct % Change
Auto 9,942 9,917 0.25
Teck 3,702 3,707 (0.13)
IT 6,019 6,044 (0.42)
Oil&Gas 10,873 10,924 (0.46)
Capital Goods 15,844 15,929 (0.54)
Bankex 13,807 13,892 (0.61)
FMCG 3,559 3,583 (0.67)
Healtycare 6,430 6,474 (0.68)
PSU 10,224 10,301 (0.75)
Metal 16,903 17,049 (0.85)
Power 3,146 3,181 (1.08)
Consumer Durables 6,517 6,618 (1.51)
Realty 3,678 3,742 (1.72)
BSE Upper Circuit Breakers
Company Name 28-Oct 27-Oct % Change
Rane Holdings 328.3 273.6 20.00
Axtel Industries 13.4 11.2 20.00
23.1 21.0 10.00
0 27.5 25.0 10.00
Mafatlal Industries 329.5 313.8 5.00
BSE Lower Circuit Breakers
IAG Company
Rotam Communication
Volume: 1 | Issue: 388| October 29, 2010
State-owned Bank of Baroda (BoB) reported a 60.7 per cent jump in net profit at Rs 1,019.3
crore for the second quarter ended September 30, 2010. It had a net profit of Rs 634.2 crore in the
same quarter last fiscal, The lender also reported an increase of 23.4 per cent in total income for
the quarter at Rs 5,839.9 crore, against Rs 4,730.7 crore in the year-ago period. Further, the bank
earned an interest of Rs 5,158.6 crore during the quarter, compared to Rs 4,135.4 crore during the
corresponding period last fiscal.
Bharat Petroleum said that its oil block in the Brazil offshore, discovered hydrocarbons."The
block SEAL-M-426 witnessed the first ultra deep water drilling, and identified hydrocarbon
presence. BPCL owns 40 per cent participating interest in the block, while Brazilian state owned
oil major Petrobras owns 60 per cent, and is also the operator of the block.
GSK Pharmaceuticals posted a net profit of Rs 157 crore for the September quarter which is 11
per cent higher than Rs 141 crore for the same quarter last year. Total Income increased by 15 per
cent to Rs 589 crore from Rs 518 crore in the corresponding quarter last year.
IRB Infrastructure Developers posted a 38 per cent increase in net profit for the quarter ended
September at Rs 102 crore, as compared to Rs 74 crore in the same quarter last year. Its total
income went up by 37 per cent increased to Rs 499 crore from Rs 363 crore in the corresponding
quarter last year.
Colgate Palmolive (India) posted a 12 per cent increase in net profit at Rs 100 crore for the
quarter ended September, as compared to Rs 89 crore for the same quarter last year. The total
income has increased by 13 per cent to Rs 577 crore for second quarter, from Rs 509 crore in the
corresponding quarter last year.
Sun TV Network said its net profit rose by 28 per cent to Rs 167.44 crore for the quarter ended
September 30, 2010, over the same period last year. The company had a net profit of Rs 130.56
crore in the July-September quarter last year. Total income rose to Rs 424.78 crore in quarter
ended September 30, against Rs 320.39 crore in the same period last fiscal.
Gujarat State Petronet Ltd (GSPL) reported a decline of 16.84 per cent in its net profit for the BSE Lower Circuit Breakers
Company Name 28-Oct 27-Oct % Change
Softpro Systems 344.0 362.0 (5.00)
Liberty Phosphate 74.2 78.1 (5.00)
Heritage Foods 224.5 236.2 (5.00)
Kemp & Company 244.2 257.1 (5.00)
Oregon Commercials 98.3 103.4 (5.00)
COMMODITY / CURRENCY NEWS COMMODITY 28-Oct 27-Oct % Change
Crude Oil (USD/bbl) 81.8 82.2 (0.44)
Gold (Rs/10gm) 19,608.0 19,445.0 0.84
Silver (Rs/kg) 35,948.0 35,605.0 0.96
CURRENCY 28-Oct 27-Oct % Change
INR / USD 44.52 44.44 0.18
USD / Euro 1.39 1.37 1.46
Yen / USD 80.99 81.70 (0.87)
Volume: 1 | Issue: 388| October 29, 2010
State-owned Bank of Baroda (BoB) reported a 60.7 per cent jump in net profit at Rs 1,019.3
crore for the second quarter ended September 30, 2010. It had a net profit of Rs 634.2 crore in the
same quarter last fiscal, The lender also reported an increase of 23.4 per cent in total income for
the quarter at Rs 5,839.9 crore, against Rs 4,730.7 crore in the year-ago period. Further, the bank
earned an interest of Rs 5,158.6 crore during the quarter, compared to Rs 4,135.4 crore during the
corresponding period last fiscal.
Bharat Petroleum said that its oil block in the Brazil offshore, discovered hydrocarbons."The
block SEAL-M-426 witnessed the first ultra deep water drilling, and identified hydrocarbon
presence. BPCL owns 40 per cent participating interest in the block, while Brazilian state owned
oil major Petrobras owns 60 per cent, and is also the operator of the block.
GSK Pharmaceuticals posted a net profit of Rs 157 crore for the September quarter which is 11
per cent higher than Rs 141 crore for the same quarter last year. Total Income increased by 15 per
cent to Rs 589 crore from Rs 518 crore in the corresponding quarter last year.
IRB Infrastructure Developers posted a 38 per cent increase in net profit for the quarter ended
September at Rs 102 crore, as compared to Rs 74 crore in the same quarter last year. Its total
income went up by 37 per cent increased to Rs 499 crore from Rs 363 crore in the corresponding
quarter last year.
Colgate Palmolive (India) posted a 12 per cent increase in net profit at Rs 100 crore for the
quarter ended September, as compared to Rs 89 crore for the same quarter last year. The total
income has increased by 13 per cent to Rs 577 crore for second quarter, from Rs 509 crore in the
corresponding quarter last year.
Sun TV Network said its net profit rose by 28 per cent to Rs 167.44 crore for the quarter ended
September 30, 2010, over the same period last year. The company had a net profit of Rs 130.56
crore in the July-September quarter last year. Total income rose to Rs 424.78 crore in quarter
ended September 30, against Rs 320.39 crore in the same period last fiscal.
Gujarat State Petronet Ltd (GSPL) reported a decline of 16.84 per cent in its net profit for the
second quarter ended September 30, 2010, at Rs 91.51 crore. The company had posted a net
profit of Rs 110.05 crore in July-September quarter last year,
United Breweries Group flagship firm United Spirits posted a growth of 7.18 per cent in its net
profit for the second quarter ended September 30 at Rs 74.6 crore. The company had reported a
net profit of Rs 69.6 crore in the July-September quarter last year, . Total income of the company
also rose to Rs 1,365.55 crore from Rs 1,087.55 crore in an year-ago period, the filing added. The
company said that the spirit costs in the September quarter were marginally lower than the
previous quarter.
Gujarat based Adani Enterprises announced that it has won to develop and operate a coal mine
at Chendipada in Orissa. The block which has a mining potential of 40 million tonnes per annum,
has been won by the company through competitive bidding.
Whirlpool reported its highest-ever quarterly net profit of Rs 30.55 crore for the July-September
quarter, a jump of 22.54 per cent over the same period last fiscal. The company had posted a net
profit of Rs 24.93 crore in the corresponding period last fiscal,
Light Sweet Crude Oil on Thursday was down by 0.44% at $81.8 per barrel. Gold closed up by
0.84% at Rs 19,608 and Silver closed up by 0.96 % at Rs. 35,948.
The Indian Rupee closed lower against the dollar at 44.52 as the Indian equity benchmarks ended
on negative 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.

3. ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
UltraTech Cement 1092.2 1,095.1 0.26
Renuka 89.5 89.6 0.17
United Phosphorus 206.3 206.55 0.12
Union of Bank 379.6 380 0.12
Jindal South West 2107.3 2109.5 0.10
Nationalum 412.7 413 0.08
Orbit Corp 117.1 116.5 (0.47)
Ruchisoya 129.0 128.5 (0.39)
Bgr Energy 767.1 765.0 (0.27)
Ispat Industries 20.3 20.2 (0.25)
Moserbaer 66.4 66.3 (0.23)
TTML 22.7 22.7 (0.22)
INSTITUTIONAL ACTIVITY (Rs Cr) 19-Oct 18-Oct YTD
FII Cash Net 341 816 1,04,598
FII Stock Futures (149) (870) (12,966)
FII Index Futures 481 (174) (10,650)
Mutual Fund 139 (1,048) (29,892)
VALUATIONS P/E P/B DIV YLD
BSE 23.4 3.8 1.1
NSE 24.6 3.8 1.0
BSE500 Mcap/GDP Ratio 0.67
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Rs %
Bharti Airtel 330 2.62 Atlas Copco 1868 11.53 Rane Holdings 328 20.00
Hero Honda 1,901 2.20 Rajesh Exports 118 7.81 GEI Indl 205 10.26
HDFC 692 1.88 Thermax 855 7.39 Insecticides India 237 9.23
HDFC Bank 2,273 0.74 UTV Software 564 7.21 Maharashtra Poly 145 8.94
MOVERS & SHAKERS
Name
Volume: 1 | Issue: 388| October 29, 2010
The growth of six infrastructure industries slowed to 2.5 per cent in September,
pulled down by contraction in output of coal and petroleum refinery. During April-
September period the core sector, which contribute about 27 per cent in IIP, grew by
4 per cent, against 4.5 per cent in 2009-10. In August the core sector industries grew
by 3.9 per cent.
Food inflation declined sharply to 13.75 per cent for the week ended October 16, on
improved kharif supplies and fall in prices of certain vegetables.
According to Government data, the food inflation fell by 1.78 percentage points to
13.75 per cent during the week from 15.53 per cent during the week ended October
9. This is the second consecutive week when the food inflation has declined.
Direct tax collection has raised by 17.2 per cent to around Rs 2.02 lakh cr till
September this fiscal, which is 47 per cent of the budgetary target for 2010-11.
HDFC Bank 2,273 0.74 UTV Software 564 7.21 Maharashtra Poly 145 8.94
Tata Power 1,411 0.65 Sterling Intl 229 6.72 Intra Infotech 34 8.13
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Rs %
Jaiprakash Asso 122 -2.2 Jyothy Lab 284 -6.99 Pricol 27 -8.84
DLF 355 -2.2 United Bank 129 -6.5 Avance Tech 7 -8.21
NTPC 195 -1.8 MVL 70 -6.07 ZF Steering 431 -8.05
Tata Steel 605 -1.6 Andhra Bank 176 -5.67 Orchid Chem 305 -7.46
Sterlite Inds 171 -1.5 Uco Bank 130 -5.36 DHANLAK BANK 195 -6.80
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
Arvind Intl Manorama Tongia BUY 2.30% 28.7
Mangalore Chemicals & Fer Transglobal Securities Ltd. BUY 1.23% 45.5
SEL Manufacturing Company Radha Krishan Garg BUY 0.65% 48.7
Neuland Laboratories Ltd Anmol Finpro Pvt Ltd SELL 50.00% 140.7
Tulsi Extrusions Vora Bhavik Prafulchandra SELL 0.97% 71.0
Birla Shloka Indravarun Trade Impex BUY 1.88% 38.72
Bilpower SPJ Stock Brokers BUY 0.76% 197.7
Shiva Cement Ganesh Sarjulal Gupta BUY 1.24% 11.0
Ballarpur Inds Neha Khandelwal SELL 0.91% 2.35
Quintegra Sol Shailendra Kumar Komatreddy SELL 1.72% 16.12
Name
BSE
BULK DEALS
NSE
Volume: 1 | Issue: 388| October 29, 2010
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
The growth of six infrastructure industries slowed to 2.5 per cent in September,
pulled down by contraction in output of coal and petroleum refinery. During April-
September period the core sector, which contribute about 27 per cent in IIP, grew by
4 per cent, against 4.5 per cent in 2009-10. In August the core sector industries grew
by 3.9 per cent.
Food inflation declined sharply to 13.75 per cent for the week ended October 16, on
improved kharif supplies and fall in prices of certain vegetables.
According to Government data, the food inflation fell by 1.78 percentage points to
13.75 per cent during the week from 15.53 per cent during the week ended October
9. This is the second consecutive week when the food inflation has declined.
Direct tax collection has raised by 17.2 per cent to around Rs 2.02 lakh cr till
September this fiscal, which is 47 per cent of the budgetary target for 2010-11.