1.
Aug 4, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 03-Aug 02-Aug % Change COMMENTARY
BSE Sensex 17,941 18,110 (0.94) INDIA
NSE Nifty 5,405 5,457 (0.96) The Indian markets opened gap down, tracking a sell-off in the overseas equities, as investors continued to
BSE Midcap 6,786 6,808 (0.33) fret over the fiscal health of the US economy and its implications for the world economy. The Indian markets
BSE Smallcap 8,109 8,164 (0.66) have been a bit volatile in the week so far, but the overall bias has been negative owing to the weak global
Nifty Junior 10,740 10,792 (0.48) backdrop. The key Indian indices fell for the second straight trading session with the BSE Sensex dropping
below 18,000 and the NSE Nifty managing to end just above 5400. The decline was led by the index
CNX Midcap 7,885 7,905 (0.26)
heavyweights like L&T, Tata Motors, Axis Bank, Bajaj Auto and DLF, dragging the Nifty to an intra-day low of
5379. However, the index recovered towards the end and managed to hold above the 5400 levels.
Technically, the Nifty has ended below its ascending support trend line, which indicates that further sell-off
GLOBAL MARKETS 03-Aug 02-Aug % Change on Dalal Street is possible. The Sensex ended below the 18k mark at 17,941, lower by 169 points and the
Dow Jones Ind (USA) 11,896 11,867 0.25 Nifty was precariously poised above the 5400 mark at 5404, down 51 points. The midcap index ended at
Nasdaq Composite(USA) 2,693 2,669 0.89 6786, lower by 22 points and the smallcap index ended at 8109, down 54 points.
S&P 500 (USA) 1,260 1,254 0.50 The market breadth was negative. Out of 2,977 stocks traded on the BSE, there were 1,159 advancing stocks
FTSE 100 (UK) 5,585 5,718 (2.34) as against 1,702 declines.
DAX (Germany) 6,641 6,797 (2.30)
Nikkei 225 (Tokyo) 9,637 9,845 (2.11) GLOBAL MARKETS
U.S. stocks advanced, preventing the longest Dow Jones Industrial Average slump since 1978, amid
Hang Seng (Hong Kong) 21,993 22,421 (1.91)
speculation the Federal Reserve may consider another economic stimulus program to prevent a recession.
Shanghai Comp (China) 2,679 2,679 (0.03)
The Dow rose 29 points, or 0.25 percent, to 11,896 after posting a 166-point loss earlier, which was the ninth
KOSPI (South Korea) 2,066 2,121 (2.59) straight drop. The S&P 500 advanced 0.5 percent to 1,260, snapping a seven-day decline.
STI (Singapore) 3,130 3,177 (1.47)
MSCI Emerging Market 432 434 (0.46) Asian Markets are trading positive Nikkei is up by a percent, Hangseng is trading marginally in green.
MSCI Frontier Market 529 530 (0.19)
BOND MARKETS 03-Aug 02-Aug Change
10yr G-Sec Yield 8.43 8.43 0.00 CORPORATE/ ECONOMY NEWS
1yr G-Sec Yield 8.49 8.49 0.00 Telecom major Bharti Airtel said its net profit dipped nearly 28% to Rs 1,215 crore in the quarter ended
LIBOR (6m) 0.39 0.39 0.00 June 30, 2011. Net profit stood at Rs 1,682 crore in the same period last fiscal, Bharti Airtel said in a
LIBOR (1m) 0.16 0.16 0.00 statement. Total sales were, however, up by over 38% to Rs 16,983 crore in the reporting quarter, as
Interbank Call rate 7.91 7.87 0.04 against Rs 12,286 crore in Q1FY10.
Commercial vehicle manufacturer Ashok Leyland has reported a 16% jump in sales during July. The city-
headquartered company reported sales of 7,834 units in July 2011, up 16% compared to the
BSE Turnover Rs Cr('000) Sensex corresponding month of the previous year. The company, a flagship of the Hinduja Group, said in a
18400 3.5 statement that it had sold 6,747 units in July 2010.
18300 3.0
Lanco Infratech said that it will invest over Rs 13,000 crore in setting up a 2,000-MW power plant and
18200 2.5 developing a coal block, which it has won through bidding from Maha Tamil Collieries, at Raigarh in
18100 2.0 Chhattishgarh.
18000 1.5
17900 1.0 Wind turbine maker Suzlon Energy aims to grow its global market share to 9 to 10% this year from 7%
last year, its head Tulsi Tanti said on Wednesday.
17800 0.5
17700 0.0 Business process outsourcing (BPO) firm Firstsource Solutions reported a 63% decline in its consolidated
28-Jul 29-Jul 1-Aug 2-Aug 3-Aug net profit to Rs 10.6 crore for the quarter ended June 30, 2011. The company had registered a net profit of
Rs 32 crore in the same quarter of the previous fiscal.
Business process outsourcing firm Hinduja Global Solutions has said it had acquired Canada-based
NSE Turnover Rs Cr('000) Nifty customer relationship management company On-Line Support Inc (OLS) at an enterprise value of Rs 350
5540 16 crore (75 million Canadian dollars) in an all-cash deal. The acquisition has been made through its wholly
5520 14 owned US subsidiary HGS Inc.
5500 12
5480
5460 88.38 #DIV/0! 10 Divis Laboratories has said that its facility near Hyderabad has been inspected by the US health regulator
5440 8 for pre-approval of products to be established and sold by the unit and current good manufacturing
5420 6 practices (CGMP).
5400 4
5380 Coal India (CIL) is likely to invest about Rs 28,000 crore in 68 mining projects having a production
5360 2
capacity of about 230 million tonnes per annum, Parliament was informed yesterday.
5340 0
28-Jul 29-Jul 1-Aug 2-Aug 3-Aug Future Capital Holdings has reported a 65% growth in net profit to Rs 21.8 crore in the quarter ended
June 30, 2011, compared to the same period last fiscal, mainly driven by higher net interest income and
fee income.

2.
Aug 4, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 03-Aug 02-Aug % Change CORPORATE NEWS
METAL 13,628 13,588 0.30% GVK Power and Infrastructure is asking investment banks to submit proposals to advise
FMCG 4,050 4,040 0.26% on its acquisition of two Australian coal mines owned by Hancock Prospecting, sources
PSU 8,286 8,289 -0.04% said Wednesday.
POWER 2,458 2,459 -0.06%
OIL&GAS 8,841 8,873 -0.37% A high-level committee has approved 1,320 acre land for the proposed thermal power
project by Jindal Steel and Power (JSPL) in Jharkhand's Godda district, a government
REALTY 1,993 2,008 -0.74%
official reported.
BANKEX 12,163 12,269 -0.87%
TECk 3,577 3,610 -0.91% Suzuki Motor Corp posted a 20% drop in quarterly operating profit on Wednesday after
CD 6,616 6,678 -0.93% the March 11 earthquake hampered production, and it stuck to its annual guidance for a
IT 5,740 5,798 -1.00% small profit rise driven by the Indian market.
HC 6,401 6,467 -1.02%
AUTO 8,653 8,780 -1.45% The Rourkela Steel Plant continues to operate its major production facilities well over
CG 12,590 12,933 -2.65% their rated capacity, achieving its best-ever production figures since inception during the
first four months of the 2011-12 financial year, officials said.
As a direct fallout of the iron ore mining scam in Karnataka, JSW Steel said it had closed
down two blast furnaces of about 2.3 million tonnes steel production capacity at its
Vijayanagar plant in Bellary district due to the unavailability of iron ore.
BSE Upper Circuit Breakers SRS Ltd, a company into cinema exhibition, food and retail, said it is set to tap the capital
Company Name 03-Aug 02-Aug % Change market with a public issue of 3.5 crore shares of Rs 10 face value each on August 23. The
AMD INDUSTRIES 21.4 17.8 19.90 company aims to raise Rs 225 crore through the sale of a 25.13% stake under the IPO.
RUBY MILLS 954.0 867.3 10.00
SMRUTHI ORGANICS 235.4 214.0 10.00 Ceat Ltd. Q1 FY12 net loss stood at Rs. 419mn versus a net profit of Rs. 138.7mn in the
SHARDUL SECURITIES 74.9 68.1 10.00 same quarter last year. Net sales for the reporting period were at Rs. 10.73bn compared to
0
ABC INDIA 145.0 138.1 5.00 Rs. 7.72bn in the corresponding quarter last year.
The NSE has added four additional securities for trading in the F&O segment with effect
from August 5. The four securities are Coal India, Delta Corp, Dhanlaxmi Bank and
Gujarat Flurochemicals.
Standard Chartered India posted a decline of 39% in profit before tax to $378mn during
BSE Lower Circuit Breakers January to June 2011, from $624mn in the corresponding year-ago period, according to
Company Name 03-Aug 02-Aug % Change reports. In 2010, India was the largest contributor to the group’s profits, in the first half of
AVT Nat Products 431.4 454.0 (5.00) 2011; it fell to the third position. The fall in profit was on account of lower income and
Blue Coast 197.9 208.3 (5.00) higher provision, reports said.
Dhampur Sug Kash 8.9 9.4 (5.00) Income from India operations declined to $893mn, during the first half, from $1.101bn
last year, added reports.
Jain Studios 10.9 11.4 (5.00)
DHVANIL CHEMICALS 49.6 52.2 (5.00) Venus Remedies has received its first US patent from US PTO for its novel research
product, Vancoplus. With this patent grant, which is valid up to December 2027, the
company is all set to tap the US market by launching the product. Earlier, Vancoplus has
already been granted the patents from countries like South Africa, New Zealand and
Ukraine.
Triveni Turbine, which has been demerged from Triveni Engineering and Industries into
a separate company, reported a net profit of Rs 21 crore and net sales of Rs 161 crore for
the quarter ended June. Comparable figures for the year-ago period were not available as
Triveni Engineering and Industries, which is engaged mainly in sugar manufacturing,
demerged its steam turbine business into Triveni Turbine in October, 2010.
COMMODITY 03-Aug 02-Aug % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 114 116 (2.06)
1.89 Brent Crude Oil ended down by 2 percent at $114 per barrel. Gold closed up by 1.9
Gold (Rs/10gm) 23,914 23,470
percent at Rs 23,914 and Silver closed up by 4 percent at Rs 61,515.
Silver (Rs/kg) 61,515 59,116 4.06
CURRENCY 03-Aug 02-Aug % Change The Indian Rupee closed n lower against the dollar at Rs 44.300 as the Indian equity
INR / USD 44.30 44.27 0.07 benchmarks ended on a negative note.
USD / Euro 1.43 1.41 1.42
Yen / USD 77.14 77.39 (0.32)

3.
Aug 4, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
BFUTILITIE 682.6 691.0 1.24 Government said it would take an early decision on opening up multi-brand retail
GMRINFRA 30.4 30.7 0.99 sector for FDI after it formally gets minutes of the recommendations of top secretaries
FORTIS 162.3 163.8 0.92 on the issue.
JETAIRWAYS 434.0 437.9 0.90
KFA 33.3 33.6 0.90 The government is worried about the expected shortfall in tax revenues and is
ARVIND 84.1 84.8 0.89 considering a hike in excise duty on goods like diesel cars and tobaco products.
CHAMBLFERT 93.9 91.8 (2.24)
Construction work will soon commence on the world's tallest tower, with a height of
TATAGLOBAL 108.3 106.5 (1.62)
over 1,000 metres, in Jeddah, it has been announced by the Chairman of the Kingdom
INDIACEM 68.0 67.0 (1.47)
Holding Company, Prince Alwaleed bin Talal bin Abdulaziz Alsaud.
TULIP 156.4 154.4 (1.28)
BANKBARODA 882.9 872.0 (1.23) Moody's Investors Service on Tuesday confirmed its AAA rating of the United States,
ASHOKLEY 25.3 25.0 (0.99) citing the decision to raise the debt limit, but assigned a negative outlook to the
rating, putting pressure on lawmakers to create a long-term fiscal consolidation plan.
INSTITUTIONAL ACTIVITY (Rs Cr) 22-Jul 21-Jul YTD Moody's negative outlook is a sign that a downgrade is still possible in the next 12 to
FII Cash Net 525 (172) 13,589 18 months.
FII Stock Futures 97 (107) (7,515)
FII Index Futures 641 (151) 12,197 Nearly 19 projects worth about Rs 2,500 crore carried out by different central and
Mutual Fund 307 206 3,880 state government agencies were intensively examined by Central Vigilance
Commission (CVC) for alleged graft, the Lok Sabha was informed.
Out of the total 19 projects, the highest number were done by PWD (six), followed by
VALUATIONS P/E P/B DIV YLD
Municipal Corporation of Delhi (four), New Delhi Municipal Council and Central Public
BSE 19.6 3.4 1.4 Works Department (three each), Delhi Development Authority (two) and RITES (one).
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 Infra 560.55 2.76 Peninsula Land 52.75 8.09 Shree Ashtavina 4.65 16.54
ITC 206.55 0.9 MVL 26.05 5.47 Carol Info 238.85 12.98
Tata Power 1286.6 0.71 Unichem Lab 146.55 5.36 RBN 94.65 11.16
Hindalco Inds 165.7 0.52 Gujarat Fluo 468.9 4.69 KPR Mill 115.25 10.82
ONGC 276.95 0.45 Orchid Chem 206.65 4.45 Ruby Mills 953.95 10.00
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
L&T 1658.7 -4.33 IVRCL LTD 54.55 -5.21 Sahara One 145.05 -7.02
Tata Motors 927.75 -3 JUBL FOOD 832.15 -4.83 Hindustan Dorr 41.85 -6.79
DLF 222.95 -2.15 Sujana Towers 27 -4.26 HSIL 221.3 -5.31
Bajaj Auto 1455.4 -2.03 Wockhardt 441.4 -3.96 Numeric Power 240.6 -5.26
Jindal Steel 556.2 -2.01 Thermax 515.75 -3.89 Empire Inds 825.5 -5.15
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