Catch the latest Equity research reports from Fullerton Securities at http://www.fullertonsecurities.co.in/equity/markets/research_reports.aspx

1. Volume: 1 | Issue: 379| October 18, 2010
COMMENTARY INDIAN MARKET 15-Oct 14-Oct % Change
INDIA BSE Sensex 20,125 20,497 (1.82)
It was bears day out on Friday; the Indian markets witnessed some heavy profit booking after NSE Nifty 6,063 6,177 (1.86)
starting the day on a positive note. Selling in the IT, Telecom and Auto stocks dragged the NSE BSE Midcap 8,312 8,415 (1.22)
Nifty to slip below the 6100 levels. The single day 400 point gains on the BSE Sensex was BSE Smallcap 10,630 10,708 (0.74)
completely wiped out in the last two days as traders and investors preferred to remain cautious Nifty Junior 12,954 13,183 (1.74)
ahead of the Coal India IPO. The broader indices also were under pressure even the advance CNX Midcap 9,347 9,487 (1.48)
decline ratio was in favour of the bears. The BSE Sensex lost 373 points to close at 20,125. The NSE
Nifty lost 114 points to close at 6,063.The broader indices also ended lower, the BSE Mid-Cap
index ended lower by 1.2% and Small-Cap index ended lower by 0.74%. GLOBAL MARKETS 15-Oct 14-Oct % Change
Dow Jones Ind (USA) 11,063 11,095 (0.29)
The market breadth was very negative. 2022 stocks had declined while 977 had advanced. Nasdaq Composite(USA) 2,469 2,436 1.35
S&P 500 (USA) 1,176 1,174 0.19
GLOBAL MARKETS FTSE 100 (UK) 5,703 5,727 (0.42)
On Friday The S&P 500 edged higher on technology shares but the Dow was pulled lower as US DAX (Germany) 6,492 6,455 0.58
financial stocks slid on concerns the growing foreclosure crisis could hurt corporate profits, Nikkei 225 (Tokyo) 9,500 9,584 (0.87)
spread to credit markets and crimp the overall economy. The Dow Jones industrial average Hang Seng (Hong Kong) 23,758 23,852 (0.40)
closed down 32 points, or 0.29%, at 11,063. The Standard & Poor's 500 Index rose 2 points, or 0.19 Shanghai Comp (China) 2,971 2,880 3.17
%, at 1,176. The Nasdaq Composite Index added 33 points, or 1.35%, at 2,469.
KOSPI (South Korea) 1,902 1,900 0.14
STI (Singapore) 3,204 3,195 0.28
Asian Markets have opened on a mixed note. The Nikkei is up by 0.6% and the Hang Seng is down
MSCI Emerging Market 425 427 (0.49)
by 0.3%.
MSCI Frontier Market 573 573 (0.07)
CORPORATE/ ECONOMY NEWS BOND MARKETS 15-Oct 14-Oct Change
The nation's largest public issue so far is here. Coal India plans to raise up to Rs. 151.54bn 10yr G-Sec Yield 8.08 8.06 0.02
(US$3.5bn) through an IPO. The Government set a price band of Rs. 225 to Rs. 245 a share 1yr G-Sec Yield 6.85 6.85 0.00
for the Coal India IPO.The company has set aside US$1.2bn for overseas acquisitions in the LIBOR (6m) 0.46 0.45 0.01
current fiscal year. The Government is selling 631.6 million shares. The retail investors and LIBOR (1m) 0.26 0.26 0.00
Coal India employees will be offered a 5% discount. The IPO will start on Oct. 18 and will Interbank Call rate 6.4 6.3 0.13
close on Oct. 21.
BSE Turnover Rs Cr('000) Sensex
Piramal Sunteck Realty Pvt Ltd (PSRPL) has won the bid for a 8,230 square meters plot in
20800 8.0
Airoli in Navi Mumbai for Rs 75 crore from the city development corporation.
7.0
20600 6.0
Eros International Media, a unit of Eros International, said that it has signed a licensing deal
20400 5.0
worth Rs 64 crore with Zee Entertainment Enterprises for exclusive broadcast of some of Eros'
4.0
films on the latter's television network. 20200 3.0
Infosys Technologies, India's second-largest software services exporter, beat street estimates 2.0
20000
with a 13.2 percent rise in quarterly net profit helped by increased spending on IT projects by 1.0
clients. Bangalore-based Infosys said on Friday net profit for its second quarter ended Sept. 30 19800 0.0
rose to Rs 1,737 crore ($395 million) from Rs 1,535 crore a year ago. 11-Oct 12-Oct 13-Oct 14-Oct 15-Oct
Realty major Godrej Properties Ltd has clocked net profit of Rs 32.91 crore in the second
quarter ended September 30, down from Rs 44.70 crore posted in the year-ago period. Total
NSE Turnover Rs Cr('000) Nifty
income declined to Rs 83.70 crore in Q2 FY 11 from Rs 98.88 crore in the corresponding period
6250 25
of the last fiscal.
6200 20
Mafatlal Industries’ bid to sell a 7-acre land-parcel in Byculla in central Mumbai could face a 6150
15
hurdle as the city’s Collector is firm about not granting his permission for the sale. 6100
10
6050
Spice Mobility said it will launch 8—9 models and invest about Rs 25 crore in marketing and 5
promotional activities during the festive season. 6000
5950 0
Anil Ambani’s Reliance Broadcast Network (RBNL) is betting big on its intellectual properties 11-Oct 12-Oct 13-Oct 14-Oct 15-Oct
(IPs) and has lined—up massive plans for this vertical going forward.
`
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.

2. Volume: 1 | Issue: 379| October 18, 2010
CORPORATE NEWS SECTOR 15-Oct 14-Oct % Change
Dr Reddy's Laboratories reported that it had received an approval from the U.S. Food and Drug Realty 3,881 3,919 (0.96)
Administration for lansoprazole delayed-release capsules. The firm will be launching the Power 3,232 3,263 (0.98)
capsules, a bioequivalent generic version of Prevacid Delayed Release Capsules, in the U.S. Healthcare 6,302 6,374 (1.13)
market. Capital Goods 15,905 16,107 (1.26)
Consumer Durables 6,366 6,451 (1.31)
Exchange solution provider Financial Technologies India has launched an international multi- PSU 10,332 10,474 (1.35)
asset exchange Global Board Of Trade (GBOT) in Mauritius, which will offer currency and FMCG 3,608 3,658 (1.38)
commodity derivative products like metals and energy. Oil&Gas 10,693 10,847 (1.42)
Metal 17,493 17,756 (1.48)
Coal India, whose $3.5 billion IPO opens today, has received assurance from Indian prime Bankex 14,049 14,322 (1.91)
minister's office that it could fully exploit its coal reserves, which were earlier constrained by the Auto 9,752 9,951 (2.00)
environment ministry. Teck 3,739 3,855 (3.01)
IT 6,075 6,279 (3.25)
State-owned Bharat Petroleum Corporation (BPCL) hiked petrol price 0.70 a litre effective
midnight tonight, while other PSU oil retailers are likely to follow suit in next couple of days.
Fabric and apparel maker Bombay Rayon Fashions today said that it will raise $79.2 million
(nearly Rs 349 crore) through issue of shares in overseas market.
BSE Upper Circuit Breakers
Optical storage manufacturer Moser Baer India said that its US-based subsidiary, in partnership
Company Name 15-Oct 14-Oct % Change
with two American research institutions, will set up the world's first pilot production facility for
developing organic light emitting diodes (OLED). Western India Ship 16.8 14.0 20.00
Yash Management 16.9 15.4 10.00
State-owned Oil and Natural Gas Corporation (ONGC) announced two new oil and gas Systamatic Corp 143.9 137.0 5.00
discoveries in the country and said one of the discoveries has been put on to production. 0 Shah Foods 84.0 80.0 5.00
Orissa Minerals 54271.1 51804.0 4.80
Development Credit Bank reported its Q2 net profit increased to Rs 4.3 crore for the second
quarter ended September 30.The bank had a loss of Rs 16.9 crore in the same quarter a year ago.
The bank's total income rose to Rs 154.7 crore in the quarter compared to Rs 145.7 crore in the
same quarter a year ago.
ABG Shipyard, a domestic ship manufacturing and repairing company, today announced that it BSE Lower Circuit Breakers
has received orders worth Rs 370 crore (approximately $82.5 million) from two different Company Name 15-Oct 14-Oct % Change
customers. Additionally the company announced that it has completed the acquisition of debt- Kaira Can Co 339.2 357.0 (5.00)
ridden Western India Shipyard by acquiring a further 40.57 per cent stake in the company. Sunchield Chemiclas 80.2 84.4 (5.00)
Agrawal Industrial 201.1 211.6 (5.00)
State-owned Indian Oil Corp (IOC) said that it is losing about Rs 75 crore per day on sale of Madhur Industries 42.7 45.0 (5.00)
diesel, domestic LPG and kerosene at rates below production cost. Raj Packaging 153.8 161.9 (5.00)
Drug maker Unichem Laboratories reported its net profit rose by 2.45 per cent to Rs 34.70 crore
for the second quarter ended September 30, 2010, over the same period previous fiscal. The
company had posted a net profit of Rs 33.87 crore for the same period in the corresponding
fiscal. Total income of the company stood at Rs 202.03 crore for the second quarter ended
September 30, compared to Rs 174.65 crore in the same period previous fiscal.
After mopping around 2,000 crore from online auction of two land properties in Mumbai, state—
run National Textile Corporation (NTC) will put two more properties — one each in Bangalore
and Indore.
COMMODITY / CURRENCY NEWS COMMODITY 15-Oct 14-Oct % Change
Crude Oil (USD/bbl) 81.5 82.6 (1.30)
Gold (Rs/10gm) 19,859.0 19,942.0 (0.42)
Light Sweet Crude Oil on Friday was down by 1.30 % at $81.5 per barrel. Gold closed down by
Silver (Rs/kg) 36,231.0 36,477.0 (0.67)
0.42 % at Rs 19,859 and Silver closed down by 0.67 % at Rs. 36,231.
The Indian Rupee closed higher against the dollar at 44.10 as the Indian equity benchmarks ended CURRENCY 15-Oct 14-Oct % Change
on negative note. INR / USD 44.10 44.11 (0.02)
USD / Euro 1.39 1.40 (0.71)
Yen / USD 81.40 81.43 (0.04)
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. Volume: 1 | Issue: 379| October 18, 2010
ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
Rubber prices reached their highest price in decades today, fuelled by strong EKC 128.1 129.5 1.09
demand from China's auto industry and tight supply caused by wet weather in Gtl 417.7 422 1.04
Southeast Asian producing nations. GLT Infra 44.3 44.75 1.02
IVRCL Infra 153.1 154.6 1.01
A survey released by CII reported that the Indian industry expects the economy to GSPL 115.1 116.25 1.00
grow by over 8 per cent during 2010—11, mainly due to rise in capital investment Triveni 121.5 122.7 0.99
and capacity utilisation. Ambuja Cement 138.8 137.6 (0.86)
M&M 710.7 706.0 (0.66)
The Indian animation market, estimated at USD 494 million in 2008, will likely grow
Infosystch 3076.3 3059.8 (0.54)
at compounded annual growth rate of 22 per cent till 2012.
Core Project 287.0 285.7 (0.47)
Herohonda 1789.8 1781.6 (0.46)
Ultracemco 1133.7 1129.0 (0.42)
INSTITUTIONAL ACTIVITY (Rs Cr) 11-Oct 08-Oct YTD
FII Cash Net 1,111 808 96,443
FII Stock Futures (597) (1,036) (8,924)
FII Index Futures 212 (321) (9,331)
Mutual Fund (260) (543) (26,272)
VALUATIONS P/E P/B DIV YLD
BSE 23.8 3.8 1.1
NSE 25.20 3.81 103
BSE500 Mcap/GDP Ratio 0.66
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
NTPC 203.5 0.35 JM Financial 42.55 5.71 Timken India 204.05 13.74
- - - Rashtriya Chem 110.55 4.29 WEBEL SL ENE 130.45 11.35
- - - Chambal Fert 92.95 3.34 Vakrangee Soft 269.95 10.54
- - - PTC India 123.60 2.74 Premier 144.85 10.40
- - - Raymond 397.60 2.53 Gokul Refoils 98.50 7.18
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Wipro 473.5 -3.6 Infotech Enter 165.15 -5.49 Splash Media 87.5 -9.98
TCS 951 -3.5 IVRCL Infra 153.30 -5.19 LGS Glob 66.4 -9.23
Infosys 3076.15 -3.4 UTV Software 505.55 -4.84 Parenteral Drug 306.5 -7.47
Hero Honda 1802.4 -3.2 HATHWAY CAB 185.80 -3.86 Shirpur Gold 216.7 -6.90
Bharti Airtel 334.25 -3.1 Man Infra 333.60 -3.71 K Sera Sera 13.5 -6.11
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Karuturi Global Saravana Enterprises BUY 1.97% 35.7
Nagarjuna Fertilizers & Chemicals Clean Finance & Investment BUY 0.99% 36.0
Agro Dutch Industries Naresh Jain SELL 0.76% 31.7
Nu Tek India Trans Techno Foods SELL 1.32% 43.6
R. S. Software Kanchan Chhabra SELL 1.44% 57.0
BSE
Birla Shloka Ndravarun Trade Impex BUY 0.97% 37.59
Karuturi Global Aashka Construction BUY 0.72% 35.7
Parenteral Drug Madhukar Chimanlal Sheth BUY 0.87% 306.8
Temptation Food Stellant Capital Advisory Services SELL 0.51% 37
Southern Petro Ind Corp J M P Securities SELL 0.87% 27.3
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