1. January 31, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 28-Jan 27-Jan % Change COMMENTARY
BSE Sensex 18,396 18,684 (1.54) INDIA
NSE Nifty 5,512 5,604 (1.65) The Indian markets received yet another heavy knock on the chin on Friday, a day after the NSE Nifty
BSE Midcap 6,898 7,087 (2.67) slumped below 200-day moving average, as investors were rattled by fears of persistent FII outflows amid
BSE Smallcap 8,546 8,864 (3.59) macro-economic headwinds.The benchmark Indian indices extended the losing streak to third straight
Nifty Junior 10,854 11,120 (2.40) trading session, closing at levels not seen since early October last year. On Friday, the fall was not so
CNX Midcap 7,881 8,068 (2.32) severe in the morning session but the selling gathered momentum in the afternoon before a late recovery
saved the bulls some blushes. The Nifty just managed to close above the 5500 levels.The BSE Sensex lost
288 points to close at 18,395 and the NSE Nifty lost 92 points to end at 5,512. The BSE Midcap index
ending at 6898, weaker by 2.6% and the BSE Smallcap index ending at 8546, down 3.5%. We are staring at
GLOBAL MARKETS 28-Jan 27-Jan % Change a dismal monthly closing as the benchmark indices have lost almost 10% since the first day of the year.
Dow Jones Ind (USA) 11,824 11,990 (1.38)
Nasdaq Composite(USA) 2,687 2,755 (2.47) The market breadth favoured the bears by a huge margin. Out of 3009 stocks traded on the BSE, there
S&P 500 (USA) 1,276 1,299 (1.77) were a mere 506 advancing stocks as against 2386 declines.
FTSE 100 (UK) 5,881 5,965 (1.41)
DAX (Germany) 7,102 7,156 (0.75) GLOBAL MARKETS.
Nikkei 225 (Tokyo) 10,360 10,479 (1.14) Wall Street retreated from its 29-month high on Friday as escalating anti-government protests in Egypt
Hang Seng (Hong Kong) 23,617 23,780 (0.69) prompted investors to move away from equities and into safer assets.Disappointing results from Amazon
Shanghai Comp (China) 2,753 2,749 0.15 and Ford further triggered the selloff.The civil unrest in Egypt caused the stock market's fear gauge to
jump nearly 20 percent while boosting prices of safer assets like U.S. Treasury bonds and the
KOSPI (South Korea) 2,108 2,115 (0.33)
greenback.The Dow Jones industrial average ended in red down 1.38 percent, at 11,824. The Standard &
STI (Singapore) 3,230 3,220 0.30 Poor's 500 Index fell 1.77 percent, at 1,276. The Nasdaq Composite Index ended down 2.47% at 2,687.
MSCI Emerging Market 433 436 (0.69) Asian markets have statrted the week on a negative note Nikkei 225 and HangSeng both are down by a
MSCI Frontier Market 613 612 0.16 percent on back of a sell off in the US markets on Friday.
BOND MARKETS 28-Jan 27-Jan Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.17 8.18 (0.01) Titan Industries, the Tata Group owned retailer of watches and jewellery, backed by strong growth in
1yr G-Sec Yield 7.22 7.22 0.00 jewellery sales has posted an 83 per cent jump in net profit to Rs 137 crore for the third quarter of FY11 as
LIBOR (6m) 0.46 0.45 0.01 compared to the corresponding previous period.
LIBOR (1m) 0.25 0.26 (0.01)
Interbank Call rate 6.7 6.7 (0.01) ONGC holds a 30 per cent stake in Cairn India's mainstay Rajasthan oilfields, but is liable to pay royalty on
all the crude oil produced from the fields, making the nation's largest onland field a losing proposition for
the PSU.
BSE Turnover Rs Cr('000) Sensex Top global retailers like WalMart, Gap and Zara are likely to visit the textiles sourcing fair "Tex-Trends
19400 4.5 2011", showcasing a wide range of items like yarn, garments and accessories, will be inaugurated by
19200 4.0 Finance Minister Pranab Mukherjee on February 2.
3.5
19000 3.0 Mahindra & Mahindra, part of the $7.1 billion Mahindra Group, said that it is "keen" onexporting its
18800 2.5 newly launched small commercial vehicle Genio in the future.
18600 2.0
18400 1.5 Multiplex chain PVR said that it has posted a consolidated net loss of Rs 13.26 crore for the quarter ended
1.0 December 31, 2010 on account of lower production revenues.
18200 0.5
18000 0.0 IT firm HCL Infosystems said that it has posted a marginal dip in its consolidated net profit at Rs 55.98
21-Jan 24-Jan 25-Jan 27-Jan 28-Jan crore for the quarter ended December 31, 2010, over the same period a year ago.This is against a net
profit of Rs 56.09 crore during the same period last fiscal.
Steel Authority of India (SAIL) has plans to revive Malavika Steels in Jagdispur area in Amethi, the
NSE Turnover Rs Cr('000) Nifty constituency of Congress general secretary Rahul Gandhi, by constructing 1000 MW gas-based power
5800 18 plant in collaboration with a Japanese firm.The first phase of the revival plan with an investment of Rs 100
5750 16 crore in the sick Malvika Steel that was taken over in 2009 is already on besides some other works.
5700 14
5650 12
5600 88.38 #DIV/0!
10 Fortis Healthcare said that it has entered into an agreement with the promoters of the Lifeline Hospital at
5550 8 Alwar in Rajasthan to operate and manage the 100-bed facility.
5500 6
5450 4 Simbhaoli Sugars announced a joint venture with UK-based trading firm ED & F Man Holdings (EDFM) to
5400 2 set up a sugar refinery in Gujarat at an investment of Rs 228 crore.
5350 0
21-Jan 24-Jan 25-Jan 27-Jan 28-Jan Tata Global Beverages reported 20.13 per cent decline in its consolidated profit after tax for the quarter
ended December 31, 2010, at Rs 79.78 crore.The company had posted a net profit of Rs 99.89 crore in the
corresponding period previous year
`

2. January 31, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 28-Jan 27-Jan % Change CORPORATE NEWS
FMCG 3,435 3,448 (0.37) Suzlon Energy Ltd. (SEL) announced the signing of an order with Caparo Energy India Ltd. (CEIL)
Teck 3,791 3,826 (0.90) for 1000 MW wind power projects to be developed in India progressively by March 2013.
IT 6,466 6,529 (0.96)
Bankex 11,987 12,122 (1.11) The Bombay High Court postponed the hearing on Lavasa township near Pune to March 10.
Lavasa had sought six weeks’ time to submit documents sought by the Union Ministry of
PSU 8,637 8,752 (1.32) Environment and Forests (MoEF).
Healthcare 6,191 6,283 (1.46)
Oil&Gas 9,368 9,529 (1.69) GVK Power and Infrastructure Ltd. (GVKPIL) signed two Memorandums of Understanding
Metal 16,076 16,455 (2.30) (MoUs) with the Government of Indonesia to develop greenfield international airports in North
Bali and Yogyakarta, Java. The MoU for the Bali airport is a three-way agreement between Badan
Power 2,709 2,777 (2.47)
Koordinasi Penanaman Modal (BKPM - a board set up by Indonesia for investments), PT
Capital Goods 13,099 13,513 (3.06) Pembangunan Bali Mandiri (a SPV for airport development) and GVKPIL.
Auto 8,842 9,168 (3.56)
Consumer Durables 5,923 6,164 (3.91) ONGC has asked the government not to approve London-listed Vedanta Resources' $9.6 billion
(4.96) acquisition of Cairn India until the issue of excess royalty it pays on Rajasthan crude oil is sorted
Realty 2,280 2,399
out.
NMDC is re-evaluating its two-year-old agreement with Anglo-Australian mining major Rio
Tinto, which envisaged the joint development of iron ore assets in India and overseas. Rio
Tinto, the world's second-biggest iron ore producer, had inked a Memorandum of Understanding
(MoU) with NMDC on August 18, 2008, to work jointly on iron ore assets in India and overseas.
But there has been no movement on the ground so far.
BSE Upper Circuit Breakers
Company Name 28-Jan 27-Jan % Change Bolstered by high passenger volumes on its Gulf network, private carrier Jet Airways is looking at
Alfavision Overseas 27.3 26.0 5.00 enhancing connectivity to the lucrative region from the coming summer.
Arrow Coated Products 9.0 8.6 5.00 Deepak Fertilisers & Petrochemicals Corporation plans to invest Rs 80-100 crore to set up a
Blue Coast Hotels 262.5 250.0 5.00 plant for the manufacture of customised fertilisers in the next 18-24 months
Intellivate Capital 694.6 661.5 5.00 0
Money Matters 128.2 122.1 5.00 ITC Limited it will invest up to Rs 3,000 crore to set up a paper manufacturing unit in Andhra
Pradesh as part of plans to double capacity over the next five years.
Sterlite Industries, which holds the majority 51 per cent stake in aluminium major Balco, may
seek legal recourse after a government panel turned down its call option to obtain the residual
stake in the latter.
Kalpataru Power Transmission posted a 15.22 per cent growth in its net profit at Rs 50.78 crore
BSE Lower Circuit Breakers for the quarter.
Company Name 28-Jan 27-Jan % Change
Amar Financial Services 18.0 20.0 (10.00) Multiplex chain Inox Leisure said its net profit has dipped 39.93 per cent to Rs 5.25 crore for the
Stelco Strips 9.0 10.0 (10.00) quarter ended December 31, 2010.
Jay Energy 105.5 111.0 (5.00) Publishing firm Jagran Prakashan said its net profit has increased 32.49 per cent at Rs 52.64
Simplex Papers 10.0 10.5 (5.00) crore for the quarter ended December 31, 2010.
Binny 111.5 117.3 (5.00)
Dragged down by rising input costs, adverse foreign exchange movement and higher royalty
payout, the country's largest carmaker Maruti Suzuki India reported 17.80 per cent decline in its
net profit for the third quarter ended December 31, 2010 at Rs 565.17 crore.
Media firm Eros International reported a nearly three-fold jump in its net profit at Rs 42.79 crore
for the third quarter ended December 31, 2010.
IT firm HCL Infosystems has posted a marginal dip in its consolidated net profit at Rs 55.98 crore
for the quarter ended December 31, 2010, over the same period a year ago.
COMMODITY 28-Jan 27-Jan % Change COMMODITY / CURRENCY NEWS
Crude Oil (USD/bbl) 89.7 85.8 4.52
Gold (Rs/10gm) 20,036.0 19,706.0 1.67
Silver (Rs/kg) 43,105.0 41,787.0 3.15 Light Sweet Crude Oil on Friday was up by 4.52% at $89.7 per barrel. Gold closed up by
1.67% at Rs 20,036 and Silver closed up by 3.15% at Rs. 43,105.
CURRENCY 28-Jan 27-Jan % Change The Indian Rupee closed higher against the dollar at 45.75 as the Indian equity
INR / USD 45.75 45.68 0.15 benchmarks ended on negative note.
USD / Euro 1.36 1.37 (0.73)
Yen / USD 82.63 83.01 (0.46)

3. January 31, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
MLL 44.7 45.2 1.12 Standard & Poor's (S&P) said that it was cutting Japan's long-term sovereign credit
GTLINFRA 40.7 41.2 1.11 rating to "AA-" from "AA", and reaffirmed the short-term ratings at "A-1 plus".
PANTALOONR 287.1 290.2 1.08
STER 166.9 168.7 1.08 The International monetary Fund (IMF) revised its global economic growth forecast
CENTRALBK 167.2 169.0 1.08 for 2011, citing the extension of the Bush-era tax cuts in the United States and
CHENNPETRO 214.0 216.3 1.08 additional stimulus measures in Japan. The global recovery remains uneven with
NATIONALUM 389.2 379.8 (2.42) industrialised nations like the US and Europe witnessing anemic growth and
emerging economies like China, Brazil and India continuing fairly high rate of
SCI 117.6 115.5 (1.83)
expansion, the IMF said. The IMF said that the global economy would likely expand
ACC 992.2 981.1 (1.11) by 4.4% this year, a tad higher compared to 4.2% it forecast in October. It expects
NTPC 192.0 190.6 (0.73) global economic growth of 4.5% in 2012, unchanged from October, the IMF said in
COLPAL 848.1 842.9 (0.61) an update to its World Economic Outlook report. The IMF also raised its 2010 global
BEL 1685.7 1,675.6 (0.60) growth estimate to 5%, the fastest pace since 2007, from 4.8% in October.
INSTITUTIONAL ACTIVITY (Rs Cr) 21-Jan 20-Jan YTD Indian stocks trading on American bourses witnessed their cumulative market
FII Cash Net (835) 38 129,439 capitalisation falling by $23 billion in January, led by IT biggies Infosys Technologies
FII Stock Futures 82 3,999 (12,040) and Wipro that accounted for nearly half of the losses.
FII Index Futures (814) (923) (10,840) The 15 Indian entities listed on the New York Stock Exchange and the Nasdaq lost
$22.81 bilion from their market capitalisation in January. Infosys and Wipro together
Mutual Fund 28 71 (27,937)
shed $10.94 billion from their total valuation.
VALUATIONS P/E P/B DIV YLD
BSE 20.6 3.5 1.1
NSE 21.2 3.5 1.1
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 %
ONGC 1,135.60 1.89 Money Matters 128.15 5 TALWALKAR 233.3 11.6
Reliance Infra 724.40 1.13 Redington India 71.05 4.87 Andhra Cements 10.82 5.05
Hindustan Unilever 272.45 0.54 Andhra Bank 137.85 4.47 Sigrun Holdings 2.31 5
Bharti Airtel 327.10 0.45 Shree Ashtavina 8.07 2.54 Mahan Inds 8.23 4.97
HDFC Bnak 2,058.40 0.3 Peninsula Land 60.4 2.37 Prabhav Inds 101.4 4.97
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
DLF 223.10 -7.02 Blue Star 349.3 -11.61 Dion Global Sol 50 -13.79
Mahindra & Mahindra 696.85 -4.93 Sterlite Tech 55.3 -10.3 Autoline Inds 163.2 -12.21
Hindalco Inds 223.30 -4.27 Cholamandalam Inv 165.8 -9.67 Suashish Diam 134.6 -11.8
Tata Motors 1,145.70 -4.07 Usha Martin 54.55 -9.61 Ess Dee Alum 391 -11.57
BHEL 2,153.25 -3.91 IVRCL Infra 83.9 -8.71 AQUA LOGIST 27.35 -11.35
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Nu Tek India Trans Financial Resources Ltd BUY 3.23% 17.6
Emami Infrastructure Crosseas Capital Services Pvt. Ltd. BUY 2.45% 47.6
Kalindee Rail Nirman (Eng Crosseas Capital Services Pvt. Ltd. BUY 3.60% 197.5
Subex Manish Vrajlal Sarvaiya SELL 1.23% 84.0
Fiem Industries Fiem Industries Limited SELL 2.57% 176.0
BSE
Vivimed Labs Niraj Rajnikant Shah BUY 4.54% 304.0
Gravita India Crosseas Capital Services BUY 1.50% 266.1
Everonn H P Share Shoppe BUY 2.34% 693.5
XPRO India Chander Kanta SELL 2.30% 70.3
Suryajyoti Spi Dinesh Shah SELL 1.22% 51.0