May 5, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 04-May 03-May % Change COMMENTARY
BSE Sensex 18,469 18,535 (0.35)
INDIA
NSE Nifty 5,537 5,565 (0.51) The downward slide continued in the Indian stock markets for the eighth straight day, as the bears remained
BSE Midcap 6,866 6,897 (0.46) in command a day after the RBI aggressively hiked policy rates by 50 bps. Markets further lost ground after
BSE Smallcap 8,390 8,436 (0.55) reports stated that fuel price would be hiked post state elections, which would see inflation rising again.
Nifty Junior 10,902 10,989 (0.79) Global factors like high commodity prices continue to have a bearing on the Indian economy. Auto, Telecom,
CNX Midcap 7,908 7,955 (0.60) IT and Metals stocks were among the major laggards while Oil & Gas, PSU and Consumer Durables stocks
bucked the negative trend. Even the Mid-Cap and the Small-Cap stocks were under pressure as markets
recorded the longest-losing streak in nine years. The BSE Sensex ended at 18,469 losing 65 points, while, the
GLOBAL MARKETS 04-May 03-May % Change NSE Nifty lost 28 points to close at 5,537. BSE Mid-Cap index and BSE Small-Cap index ended lower by 0.5%
each.
Dow Jones Ind (USA) 12,724 12,808 (0.66)
Nasdaq Composite(USA) 2,828 2,842 (0.47)
The market breadth was very negative. Of the total 2,928 stocks traded on the BSE, 1,697 stocks had declined
S&P 500 (USA) 1,347 1,357 (0.69) while 1,105 advanced.
FTSE 100 (UK) 5,984 6,083 (1.63)
DAX (Germany) 7,374 7,501 (1.69) GLOBAL MARKETS
Nikkei 225 (Tokyo)* 10,004 10,004 0.00 US stocks fell following disappointing ISM Non-Manufacturing Index for April which fell to 52.8 from 57.3.
Hang Seng (Hong Kong) 23,324 23,633 (1.31) Markets shrugged news that Portugal has been offered a bailout worth about 78 billion euros while the
Shanghai Comp (China) 2,867 2,932 (2.22) private payroll increase came in lower than estimates. DJIA closed at 12,724, down 0.66%; Nasdaq closed at
KOSPI (South Korea) 2,181 2,201 (0.91) 2,828, down 0.47% and S&P closed at 1,347, down 0.69 percent as oil futures faced the longest decline in
STI (Singapore) 3,134 3,154 (0.63) eight weeks.
MSCI Emerging Market 458 460 (0.43)
Asian stocks have declined, for a third day, as reports that showed lower-than-forecast growth in U.S. service
MSCI Frontier Market 571 573 (0.35) industries and employment sparked concern that recovery in the world’s biggest economy is faltering. Hang
BOND MARKETS 04-May 03-May Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.15 8.22 (0.07) Hero Honda has reported a net profit of Rs. 5.02bn for Q4 FY11 as against Rs. 5.99bn in the same period of
1yr G-Sec Yield 7.76 7.76 0.00 the previous fiscal year. Total income has increased to Rs. 54.65bn for the quarter ended March 31, 2011
LIBOR (6m) 0.46 0.46 0.00 versus Rs. 41.92bn in the quarter ended March 31, 2010.The Company has posted a net profit of Rs.
LIBOR (1m) 0.25 0.25 0.00 19.28bn for the year ended March 31, 2011 compared to Rs. 22.32bn in the year ended March 31,
Interbank Call rate 6.7 6.9 (0.23) 2010.Total income has increased to Rs. 196.69bn for the year ended March 31, 2011 from Rs. 160.96bn in
the year ended March 31, 2010.
Bharat Petroleum Corp Ltd (BPCL) will raise the capacity at its Bina refinery in Madhya Pradesh to 9MT.
BSE Turnover Rs Cr('000) Sensex
19400 3.2 Punjab National Bank Q4 net profit up 5.8% The Bank has posted a net profit of Rs. 12,009.00mn for the
quarter ended March 31, 2011 as compared to Rs. 11,350.30mn for the quarter ended March 31, 2010. Total
19200 3.1
Income has increased from Rs. 64,607.80mn for the quarter ended March 31, 2010 to Rs. 85,856.50mn for
19000 3.0 the quarter ended March 31, 2011.
18800 2.9
18600 2.8 Sun Pharmaceutical Industries Ltd. announced that USFDA has granted its subsidiary an approval for its
18400 2.7 New Drug Application (NDA) for DOCEFREZTM (docetaxel) for Injection, 20 mg/vial and 80 mg/vial.
18200 2.6
Tata Nano, the world's cheapest car, could be cruising on Pakistani roads if the governments of India and
18000 2.5 Pakistan remove bottlenecks standing in the way of joint ventures and investments between the two
28-Apr 29-Apr 2-May 3-May 4-May countries.
Rourkela Steel Plant (RSP) commenced the fiscal FY12 on a positive note recording impressive
production performance in the major production centres of the steel plant.
5850 NSE Turnover Rs Cr('000) Nifty 18 Technology-enabled solutions provider Core Projects & Technologies Ltd is planning to raise $100
5800 16 million in two-three months via a share sale, two sources said on Wednesday.The company plans to either
5750 14 go for a qualified institutional placement or dilute significant minority stake to a private equity player.
5700 12
5650 88.38 #DIV/0!
10
Real estate major, Unitech said that it will invest Rs 2,000 crore this fiscal -- 33% more than last year -- in
5600 8
5550 6 construction of new projects, mostly housing, across the country.
5500 4
5450 2 Public sector lender UCO Bank said that it is eyeing 20% growth in its business and a reduction in its non-
5400 0 performing assets (NPAs) to less than 3% this fiscal.
28-Apr 29-Apr 2-May 3-May 4-May

May 5, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 04-May 03-May % Change CORPORATE NEWS
OIL&GAS 9,782 9,665 1.21% Kavveri Telecom Products Ltd has secured its first order for contract manufacturing
PSU 8,824 8,762 0.71% from a European company for its products. These orders are estimated to be worh
CD 6,146 6,114 0.52% about Rs 750mn.
FMCG 3,682 3,669 0.36%
Garware Offshore Services said that it has received a four-year contract in Brazil. The
CG 12,744 12,721 0.18%
approximate annual value of the contract stands at Rs 38 crore.
BANKEX 12,423 12,407 0.13%
POWER 2,626 2,633 -0.26% Oberoi Realty reported 30.16% jump in its consolidated net profit for the quarter
REALTY 2,126 2,141 -0.67% ended March 31, 2011, at Rs 136.66 crore. The company had posted a net profit of Rs
HC 6,120 6,177 -0.92% 104.99 crore in the corresponding period last year.
METAL 15,534 15,698 -1.05%
IT 6,015 6,080 -1.08% Sun Pharma Advanced Research Company reported that the company got US drug
TECk 3,625 3,666 -1.13% regulator's approval for Docefrez injection in 20 and 80 milligram/vial.
AUTO 8,988 9,109 -1.33%
Redington (India) Ltd has announced that subsequent to signing with Apple India
Private Ltd. (Apple) for distribution of iPad 1 Tablet across India Apple has appointed
the Company as the PAN India Distributor of iPad 2 Tablet in addition to the existing
arrangement for distribution of their products viz. iPods, desktop and note books.This
new partnership with Apple will enable the Company to strengthen its foot hold in the
fast growing Tablet Market.
BSE Upper Circuit Breakers
Company Name 04-May 03-May % Change Jet Airways (India) stock tumbles on Wednesday on the reports that Bombay High
Bharat Rasayan 150.2 136.5 10.00 Court has asked the firm to pay Rs. 478 crore in dues to Sahara Group along with
Carol Info Services 163.4 148.6 10.00 interest of 9% within two weeks.
Maan Aluminium 59.0 53.6 10.00
Information infrastructure solutions provider EMC Corporation have announced the
Universal Starch-Chem 28.2 26.8 5.00 0
launch of 40 new storage products and solutions in India. They included 15 new
Shantivijay Jewels 93.8 89.3 5.00 simplified unified storage solutions -- EMC VNX family -- for the small and medium
businesses (SMB) segment.
Siemens is expected to upgrade its full year profit outlook when Europe's biggest
engineering conglomerate reports quarterly results on Wednesday.
BSE Lower Circuit Breakers Global mining major Rio Tinto said that it will de-list Riversdale, in which Tata Steel
Company Name 04-May 03-May % Change holds more than 26% stake, from Australian Stock Exchange (ASX), after the completion
Ags Infotech 40.0 42.1 (5.00) process of of its takeover offer on May 6, if it is not extended.
Allied Digital Services 78.1 82.2 (5.00)
Kitchen appliances major TTK Prestige reported a net profit of Rs 83.75 crore in fiscal
R.M. Mohite 189.0 198.9 (5.00) 2010-11, up 59.71% as compared to the previous year.In 2009-10 the company's post
Sampada Chemicals 123.7 130.2 (5.00) tax profit was Rs 52.44 crore. During 2010-11 the company recorded a sale of Rs 775.58
Neemtek Organic Products 125.7 132.3 (5.00) crore registering a growth of over 50% as compared to Rs 516.80 crores in the previous
year, it said in a statement.
India's third-ranked software services provider Wipro Ltd said on Wednesday it had
secured an IT contract from the government of Rajasthan for implementing the state's
portal.
Chennai-based public sector lender Indian Overseas Bank reported a massive
240.78%spurt in its fourth quarter net profit at Rs 434.3 crore, driven by a massive dip in
stressed assets and an improvement in net interest margin.
COMMODITY 04-May 03-May % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 121 123 (1.91)
(1.19) Brent Crude Oil lost 1.91% and closed at $121 per barrel. Gold closed down by 1.19% at
Gold (Rs/10gm) 22,120 22,386
Rs 22,120 and silver closed down by 4.90% at Rs 59,151.
Silver (Rs/kg) 59,151 62,200 (4.90)
CURRENCY 04-May 03-May % Change The Indian Rupee closed lower against the dollar at Rs 44.52 as the Indian equity
INR / USD 44.52 44.34 0.41 benchmarks ended on a negative note.
USD / Euro 1.48 1.47 0.68
Yen / USD 81.10 80.70 0.50

May 5, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
Areva T&D 266.5 269.0 0.96 In March, 2011 production of Urea had been more than the target by 0.62 lakh MT.
Oriental Bank 323.0 326.0 0.93 Estimated production of Urea during March, 2011 was 18.25 lakh MT against the
Sre Infra 43.9 44.3 0.91 target of 17.63 lakh MT. Estimated production of DAP during the month was 2.20
Rel Media 147.1 148.4 0.88 lakh MT.
Jindal Saw 187.0 188.7 0.88
On Mobile 126.6 127.7 0.87 An Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab
ABB 888.9 857.0 (3.59) Mukherjee is reportedly scheduled to meet on May 11 to mull a hike in fuel prices.
The diesel price is likely to be hiked by up to Rs. 5 per litre soon after the Assembly
PNB 1129.4 1,100.0 (2.60)
Elections in five states are over next week.
Alhabad Bank 196.7 191.6 (2.57)
Core Projects 299.1 292.1 (2.34) Arunachal Chief Minister Dorjee Khandu has been found dead in Luguthang, near the
Maruti 1246.0 1,225.0 (1.69) China border. The Indian army had been looking for the missing chopper in which
PFC 215.0 212.5 (1.19) Khandu was traveling.
INSTITUTIONAL ACTIVITY (Rs Cr) 28-Apr 27-Apr YTD HDFC Life, one of India’s leading private life insurance companies, registered highest
FII Cash Net (270) (476) 5,918 growth of 26% in individual new business (regular and single) among the top 5
FII Stock Futures (59) (407) (4,260) private life insurance players in 2010-11. HDFC Life recorded 36% growth in renewal
FII Index Futures 192 (385) 439 premium and 29% growth in total premium in the financial year 2010-11.
Mutual Fund 296 (62) 1,678
Worldwide end-user spending on IT services totaled $793 billion in 2010, a 3.1%
increase from the previous calendar year revenue of $769 billion, according to IT
VALUATIONS P/E P/B DIV YLD
research and advisory firm Gartner.
BSE 19.9 3.5 1.1
NSE 20.7 3.5 1.1
BSE500 Mcap/GDP Ratio 0.60
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
ONGC 309.4 4.78 Kwality Dairy 143.9 5.65 Sujana Towers 40.8 17.4
HDFC Bank 2266.0 1.35 Persistent Sys 395.3 4.95 Carol Info 163.4 10.0
SBI 2617.4 1.33 KSK Energy 113.5 4.71 KIRI DYES 258.7 8.7
Hindustan Unilever 275.1 1.03 Manappuram Gen 131.7 4.28 Heritage Foods 235.0 7.9
Jaiprakash Asso 85.8 0.88 Redington India 87.6 3.98 SPMLINFRA 174.1 7.4
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Bajaj Auto 1301.1 -4.82 Lakshmi Mach 2251.5 -6.21 Pennar Inds-$ 40.4 -6.7
Hero Honda 1600.1 -3.63 Shree Global Trd 156.0 -4.99 Consolid Constr 39.8 -6.3
HDFC 664.7 -2.89 KGN Inds 70.0 -4.96 SREI Infra 43.6 -5.8
Reliance Comm 94.3 -2.63 Pfizer 1246.9 -4.86 Mahindra Forg 69.8 -5.5
Tata Power 1296.4 -2.24 Jubilant Life 165.3 -4.78 C. Mahendra Exports 268.0 -5.5
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Glory Polyfilms Planet Investments & Finance BUY 1.50% 4.0
Rohit Ferro Kanta Agarwal BUY 1.26% 43.1
MSP Steel Padmini Viniyog BUY 1.15% 68.0
Gujarat Foils Vardhman Investment SELL 0.84% 102.1
Intl Conveyors Mavi Investment Fund SELL 0.75% 18.2
BSE
Amrutanjan Health Crosseas Capital Services BUY 0.80% 799.5
Gemstone Invest Ritu Jain BUY 1.24% 9.2
Twilight Litaka Ifci Factors Ltd SELL 0.64% 55.0
Rotam Comm Sarij Devi Munot SELL 1.35% 27.8
Carol Info Venktesh Securities Limited SELL 0.74% 126.9