April 4, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 01-Apr 31-Mar % Change COMMENTARY
BSE Sensex 19,420 19,445 (0.13)
NSE Nifty 5,826 5,834 (0.13) INDIA
BSE Midcap 6,983 6,874 1.59
The Indian indices bid farewell to FY2011 on a happy note and the weekend saw history being created as
BSE Smallcap 8,358 8,176 2.23
the country celebrated the World Cup victory. On Friday, however the indices ended marginally in the red
Nifty Junior 11,361 11,280 0.72
snapping eight day rally as traders took some profit ahead of the weekend. Nifty cooled off after it hit a high
CNX Midcap 8,129 8,040 1.11 of 5860 in the early trade, however broader markets did really well after under-performing the Large-Cap
peers in the past several sessions. Realty, Metals and Power stocks were among the major gainers. Select
Auto stocks were in demand after the companies announced impressive monthly sales figures. However,
GLOBAL MARKETS 01-Apr 31-Mar % Change Banking and IT stocks showed some pressure.
Dow Jones Ind (USA) 12,377 12,320 0.46
Nasdaq Composite(USA) 2,790 2,781 0.31 The BSE Sensex ended at 19,420 slipping 24 points while, the NSE Nifty slipped 8 points to close at 5,826.
S&P 500 (USA) 1,332 1,326 0.50 BSE advances stood at 2373 outnumbering declines at 928.
FTSE 100 (UK) 6,010 5,909 1.71
DAX (Germany) 7,180 7,041 1.97
GLOBAL MARKETS
Nikkei 225 (Tokyo) 9,708 9,755 (0.48)
Hang Seng (Hong Kong) 23,802 23,528 1.17 US stocks rose, giving S&P index its first back-to-back weekly gain since February, as reports showing faster
Shanghai Comp (China) 2,967 2,930 1.28 than forecast growth in jobs and consumer spending bolstered economic optimism. Unemployment rate
KOSPI (South Korea) 2,121 2,107 0.68 dropped to a two-year low of 8.8% and US economy created 216,000 jobs in March as Dow Jones gained
STI (Singapore) 3,120 3,106 0.47 0.46% to close at 12377. Nasdaq closed up 0.31% at 2790 and S&P500 closed up 0.50% at 1332.
MSCI Emerging Market 451 446 1.24
MSCI Frontier Market 563 561 0.35 Asian markets have opened on a positive note as Nikkei is trading up 0.78% at 9783. SGX Nifty is trading up
by 15 points at 5680 indicating a flat to positive opening.
BOND MARKETS 01-Apr 31-Mar Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.09 8.08 0.01 Wipro Ltd, India's No. 3 software services exporter, would acquire SAIC's global oil and gas technology
1yr G-Sec Yield 7.64 7.64 0.00 services business for $150 million. SAIC's Global Oil and Gas Information Technology practice provides
LIBOR (6m) 0.46 0.46 0.00 consulting, system integration and outsourcing services to global oil majors.
LIBOR (1m) 0.24 0.26 (0.02)
Interbank Call rate 9.3 9.3 0.00 Buoyed by increased construction activity, Swiss firm Holcim-controlled cement makers ACC and Ambuja
Cements reported a 9.3% rise in their March sales to 4.22 million tonne. While ACC's sales increased from
1.94 million tonne to 2.19 million tonne, Ambuja Cements have bettered its tally to 2.04 million tonne in
March this year from 1.92 million tonne in the same month last year.
BSE Turnover Rs Cr('000) Sensex
19500 4.0 Tata Chemicals is rebranding its subsidiaries in the UK, US and Kenya under the Tata Chemicals
19400 3.5 corporate brand to create a common global identity.
19300 3.0
19200 2.5 Multispeciality hospitality chain Fortis Healthcare plans to foray into affordable healthcare in the Tier-II
19100 and Tier-III towns by creating a hospital chain under a new brand this year.
2.0
19000
18900 1.5
1.0 The country's largest two-wheeler maker Hero Honda reported its highest ever sales for a month in
18800 March at 5,15,852 units, registering a jump of 24.41%. For the entire 2010-11 fiscal, HHML crossed 50-lakh
18700 0.5
sales mark by dispatching a cumulative sales of 54,02,444 units as against 46,00,130 units in the previous
18600 0.0
fiscal, up 17.44%.
28-Mar 29-Mar 30-Mar 31-Mar 1-Apr
Auto major Mahindra & Mahindra (M&M) said its sale jumped up by 18% to 37,522 units in March as
against 31,698 units in the same month last year.
NSE Turnover Rs Cr('000) Nifty In what could be one of the most high-profile private equity (PE) deals in India in recent times, Temasek
5850 25
Holdings is in talks with PE major TPG Capital to buy a part of its stake in Shriram Transport Finance
5800 20 Company (STFC), India’s largest commercial vehicle financing company.
5750 88.38 15
#DIV/0! With its international operations getting streamlined or in some cases seeing a turnaround, JSW Steel,
India’s third- largest steelmaker, has revived its plans to list on the London Stock Exchange. The company
5700 10 is considering putting its overseas coal and iron ore assets into a single unit and then opt for a share sale,
5650 5 the proceeds from which will be used to fund its expansion.
5600 0 Zuari Industries Ltd, the flagship of the Saroj Poddar group of companies, is looking to set up a
28-Mar 29-Mar 30-Mar 31-Mar 1-Apr phosphoric acid plant abroad as well as scouting for rock phosphate mines in North Africa and Australia.
A
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April 4, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 01-Apr 31-Mar % Change CORPORATE NEWS
REALTY 2,398 2,337 2.60
METAL 16,347 16,161 1.15 The financial services unit of Larsen & Toubro (L&T) has filed draft papers with the
POWER 2,737 2,712 0.93 Securities and Exchange Board of India (Sebi) for raising Rs 1,750 crore from the
CG 13,345 13,234 0.84 capital market. L&T Finance Holdings proposes to come out with an initial public offer
AUTO 9,356 9,291 0.70 (IPO) of equity shares for an amount aggregating to Rs 1,750 crore.
CD 6,281 6,240 0.66
HC 6,058 6,024 0.58 Mahindra Satyam will submit to tax authorities about Rs 617 crore demanded by
Income Tax (I-T) department under the foreign tax credit liability.
FMCG 3,613 3,596 0.46
PSU 8,981 8,960 0.23 The government's stake in public sector Indian Overseas Bank has increased from
TECk 3,844 3,856 (0.31) 61.23% to 65.87% as a result of capital infusion of Rs 1,054 crore into the Bank.
IT 6,517 6,548 (0.47)
OIL&GAS 10,180 10,241 (0.59) Liquor manufacturer United Spirits Ltd said it has acquired 41.54% stake in
BANKEX 13,190 13,300 (0.83) Karnataka-based Sovereign Distilleries for an undisclosed sum.
Sovereign Distilleries produces extra neutral alcohol (ENA), a key raw material for
spirits, using both molasses and grain and has a capacity to produce 180 kilo litres of
alcohol per day (KLPD).
The Ruia group led Essar Steel has become the first Indian company and the sixth in
the world to get approval for API monogram to be used on steel plates meant for the
BSE Upper Circuit Breakers hydrocarbon industry.
Company Name 01-Apr 31-Mar % Change
BAG Films 8.8 7.3 20.00 Retail to financial services provider Future Group expects its 'Ektaa' brand to clock a
Karuturi Global 11.8 10.8 9.90 Rs 100 crore turnover in the next 2-3 years
Fame India 58.7 56.0 4.90
KGN Ind 85.7 81.7 5.00 National Aluminium Company (Nalco) achieved its highest-ever cast metal
0
AP Paper 311.7 283.4 10.00 production of 443,597 tonnes in 2010-11, against a previous best of 431,488 tonnes in
2009-10.
State-run mining giant Coal India missed its production target, producing just
431.325 million tonnes (MT) of coal in the just concluded fiscal, against the lower,
recently revised target of 440.20 MT due to green hurdles
BSE Lower Circuit Breakers Hindustan Construction Company has paid $133.03 million to bond holders
Company Name 01-Apr 31-Mar % Change towards redemption of the entire outstanding Foreign Currency Convertible Bonds
Fact Enterprise 22.8 25.3 (9.90) (FCCBs).
Acropetal Tech 58.4 61.5 (5.00)
Chromatic India 100.0 105.3 (5.00) McLeod Russel India Ltd, the world's largest tea producer, has said that it hopes its
Systematix Corp 77.7 81.7 (5.00) output in India will remain steady and prices buoyant this fiscal, on the back of robust
(5.00) local and overseas demand.
RM Mohite 159.1 167.4
Tata Steel has made Tinplate Company of India (TCIL) its subsidiary by increasing its
stake in the company by 16.57% to 59.45%.
Tata Consultancy Services (TCS) has received a multi-year, multi-million dollar
contract to provide application support, maintenance and development services to
US-based Air Liquide.
UIDAI bid postponed as HP, IBM raised concerns over their technological
disqualification.
COMMODITY 01-Apr 31-Mar % Change COMMODITY / CURRENCY NEWS
Crude Oil (USD/bbl) 108 106 1.83
Gold (Rs/10gm) 20,660 20,855 (0.94)
Silver (Rs/kg) 55,862 55,376 0.88 Light Sweet Crude Oil on Friday gained 1.83% closed at $107.9 per barrel. Gold closed
down by 0.94% at Rs20,660 and silver closed down by 0.88% at Rs 55,862.
CURRENCY 01-Apr 31-Mar % Change The Indian Rupee closed lower against the dollar at Rs 44.65 as the Indian equity
INR / USD 44.65 44.76 (0.25) benchmarks ended on negative note.
USD / Euro 1.42 1.42 0.26
Yen / USD 84.06 82.85 1.46

April 4, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
Container Corp 1221.7 1,238.1 1.34
Mcleod Russel 261.6 264.8 1.20 Foreign direct investment in the country's service sector declined by 23% to $2.98
Lanco Infra 40.1 40.6 1.12 billion (Rs 13,652 crore) during April-January 2010-11 over the same period a year
GVK Power 26.8 27.1 1.12 ago.
Opto Circuit 280.3 283.4 1.12
Alok Textiles 22.7 23.0 1.10 Independent directors will not be hauled up for the acts undertaken by companies
Sterlite Tech 59.9 60.5 1.09 without their consent or knowledge, as per the new norms announced by the
government.
HUL 284.0 282.0 (0.69)
ABB 785.2 777.6 (0.97) The European Central Bank is expected to announce its first interest rate hike since
Patni Computers 475.0 455.8 (4.04) July 2008 this week even as the eurozone crisis deepens with three members missing
Core Projects 313.0 300.3 (4.07) key deficit targets as Greece braced for the possibility of fresh austerity measures.
Siemens 883.25 831.35 (5.88)
Oil prices jumped as supportive U.S. jobs data reinforced economic growth
INSTITUTIONAL ACTIVITY (Rs Cr) 22-Mar 21-Mar YTD expectations and Libya's conflict and Middle East unrest kept supply threats in focus,
FII Cash Net 314 (68) (6,150) pushing both Brent and U.S. crude to their highest settlements since 2008.
FII Stock Futures 629 213 4,845
FII Index Futures 1,664 (97) (3,270) Highly radioactive water was leaking directly into the sea from a damaged pit near a
Mutual Fund (2) (258) 2,334 crippled reactor at the Fukushima Daiichi nuclear power plant, safety officials said
Saturday, the latest setback in the increasingly messy bid to regain control of the
reactors.
VALUATIONS P/E P/B DIV YLD
BSE 21.1 3.7 1.1
NSE 22.1 3.7 1.1
BSE500 Mcap/GDP Ratio
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Reliance Communications 111.7 3.67 Hindustan Oil 223.15 11.1 Pricol 19.3 19.88
Jaiprakash Asso 95.3 3.03 Electrosteel Steels 8.99 10.17 Atlanta 117.35 19.68
BHEL 2113.9 2.57 Jindal South 1034.55 10.15 Suven Life 19 14.11
Hindalco Ind 213.7 2.42 Kingfisher Air 43.95 10.15 Delta Corp 85.8 13.87
M&M 710.1 1.65 Ispat Ind 24.45 9.64 Reliance Media 171 13.36
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
NTPC 188.9 -2.12 Kansai Nerolac 856 -3.81 Elantas Beck $ 1261 -7.07
SBI 2719.5 -1.75 Rajesh Ex 104.85 -3.63 Dynamatic Tech $ 1297 -6.16
RIL 1035.3 -1.19 Sanwaria Agro $ 240 -3.52 Chromatic India 100 -4.99
Tata Power 1316.5 -1.04 Jagran Prakashan 124 -2.94 RM Mohite 159.05 -4.99
ICICI Bank 1102.7 -0.9 Zydus Wellness $ 579.95 -2.9 Newtime Infra 21.9 -4.78
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Acropetal Tech Finance Corp Capital India Pvt Ltd. BUY 2.75% 64.9
Gravita India Amrapali Fincap Pvt. Ltd. BUY 1.02% 369.5
Hathway Cable SBI Mutual Fund BUY 1.58% 97.4
Smartlink Crosseas Capital Pvt Ltd. SELL 3.32% 76.6
Sudar Garments Dharmin Manubhai Patel SELL 0.68% 121.9
BSE
Aadi inds Somesh Hemandas Mulani BUY 0.50% 20.3
Albert David$ Atrun Fiscal Pvt Ltd BUY 0.88% 118.3
Asahi Infra Arun Mandaviya BUY 0.66% 11.7
Bedmutha Industries Talisman Securities Pvt Ltd SELL 0.71% 145.0
Chandni Tex Santosh Vasant Bhelekar SELL 0.89% 43.7