1. April 13, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET * 11-Apr 08-Apr % Change COMMENTARY
BSE Sensex 19,263 19,451 (0.97) INDIA
NSE Nifty 5,786 5,845 (1.01)
BSE Midcap 7,124 7,174 (0.70) The Indian markets were constantly under pressure after disappointing February IIP numbers. The decline
BSE Smallcap 8,710 8,773 (0.71) was led by Realty, Auto and Consumer Durables. Even the Mid-Cap and the Small-Cap stocks were under
Nifty Junior 11,438 11,547 (0.94) pressure. The BSE Sensex ended at 19,262 losing 188 points, while, the NSE Nifty lost 56 points to close at
CNX Midcap 8,230 8,284 (0.66) 5,785. Among the BSE sectoral indices, the BSE Realty index was the top loser, the index lost 2.4% followed
by BSE Consumer Durables index losing 2.5%, while, BSE Auto index lost 2.2%. BSE Mid-Cap index and BSE
Small-Cap index lost 0.7% each.
GLOBAL MARKETS 12-Apr 11-Apr % Change
Market breadth was negative; of 2,973 stocks traded, 1,134 advanced, while 1,746 declined.
Dow Jones Ind (USA) 12,264 12,381 (0.95)
Nasdaq Composite(USA) 2,745 2,772 (0.96) *Indian markets were closed on 12th April 2011 on account of Ram Navmi.
S&P 500 (USA) 1,314 1,324 (0.78)
FTSE 100 (UK) 5,964 6,053 (1.47) GLOBAL MARKETS
DAX (Germany) 7,103 7,205 (1.42) U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a fourth day, as Japan raised the severity
Nikkei 225 (Tokyo) 9,555 9,720 (1.69) rating of its nuclear crisis to the highest level, oil plunged and Alcoa Inc’s sales missed estimates.
Hang Seng (Hong Kong) 23,976 24,303 (1.34) The S&P 500 declined 0.8 percent to 1,314.16. The benchmark index had the longest losing stretch since
Shanghai Comp (China) 3,023 3,023 0.02 November. The Dow Jones Industrial Average retreated 117.53 points, or 1 percent, to 12,263.58.The
Chicago Board Options Exchange Volatility Index, or VIX, which measures the cost of using options as
KOSPI (South Korea) 2,089 2,122 (1.55)
insurance against declines in the S&P 500, climbed 3 percent to 17.09.
STI (Singapore) 3,138 3,160 (0.71)
MSCI Emerging Market 456 457 (0.33) Asian markets have opened on flat note as Nikkei is up by 0.07% to 9,561.82, Singapore Strait Time Index is
MSCI Frontier Market 577 577 (0.07) up by 0.09% at 3,141.63, Kospi composite is down by 0.16% at 2,085.98. Hang Seng is down by 0.10% at
23,948.95
BOND MARKETS 11-Apr 08-Apr Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.18 8.12 0.06 Coal India Ltd. has been conferred the coveted Maharatna status, giving the world's largest coal producer
1yr G-Sec Yield 7.55 7.55 0.00 greater autonomy for taking investment decisions.
LIBOR (6m) 0.46 0.46 0.00
LIBOR (1m) 0.24 0.24 0.00 Indian engineering and construction firm Punj Lloyd said its unit, Sembawang Development, had
Interbank Call rate 6.7 5.9 0.82 acquired a 50% stake in a thermal coal mine company in central Kalimantan, Indonesia.
State-run Punjab National Bank Ltd (PNB) has short-listed Bharti Axa Life, Aviva Life and MetLife for a life
insurance tie-up.
BSE Turnover Rs Cr('000) Sensex
19800 4.0 Bharti Airtel, India's top mobile phone carrier said it would launch Apple's iPhone 4 in India in the coming
19700 3.5 months.
19600 3.0
19500 2.5 US drugmaker Merck & Co is close to striking a marketing alliance with Sun Pharmaceutical Industries Ltd
19400 2.0 for the Indian market.
19300 1.5
Som Distilleries & Breweries is planning to expand its beer manufacturing capacity from 2.92 lakh hecto
19200 1.0
liters to 9.92 lakh hecto liters per annum.
19100 0.5
19000 0.0
IndusInd Bank said it has entered into an agreement to acquire Deutsche Bank's credit card business in
5-Apr 6-Apr 7-Apr 8-Apr 11-Apr India.
Air India will soon get rid of high-cost debt. The banks to which it owes money are discussing a proposal
to convert 60 per cent of the Rs 18,000-crore short-term debt into long-term debt.
5950 NSE Turnover Rs Cr('000) Nifty 16
RIL, the country’s biggest private oil and gas company, is insisting on a more relaxed contract for
14 committing more gas to NTPC.
5900 12
5850 88.38 10
#DIV/0! Bank of America is trying to figure out the regulatory barriers in doing business with India's largest private
8 company Reliance Industries (RIL) whose chairman Mukesh Ambani has joined the board of Bank of
5800 6 America.
5750 4
2 Rating agency Crisil announced the appointment of Gabriel David as Global Head of Business
5700 0 Development and Marketing for its global research and analytics business.
5-Apr 6-Apr 7-Apr 8-Apr 11-Apr
Steel Authority of India Ltd has obtained environmental clearance for the McLellan Iron Ore Mining
Project, exclusively for Budhaburu lease, having the largest reserves (1,166.14 mt) among the Chiria group
of mines in Jharkhand. `

2. April 13, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 11-Apr 08-Apr % Change CORPORATE NEWS
HC 6,126 6,123 0.05% The government said it has issued eight termination notices to various telecom
FMCG 3,638 3,637 0.02% operators for delays in rolling out the services.
TECk 3,864 3,871 -0.19%
IT 6,545 6,558 -0.20% Consumer goods maker LG Electronics said it expects the Indian operations to
BANKEX 13,204 13,299 -0.72% overtake its domestic sales in Korea within the next three to four years on the back of
PSU 8,986 9,052 -0.73% rapid expansion and new product introductions.
POWER 2,751 2,774 -0.81%
IndiaFirst Life Insurance, announced that the company had crossed Rs 900 crore in
METAL 16,311 16,460 -0.91%
new business premium in the first 500 days of its operations.
CG 13,595 13,742 -1.07%
OIL&GAS 9,928 10,088 -1.59% Jewellery retailer Damas is mulling quitting India, the world’s biggest gold market,
CD 6,306 6,427 -1.89% drawing curtains on its plans to float a major joint venture and open 100 stores
AUTO 9,195 9,397 -2.15% across the subcontinent.
REALTY 2,402 2,464 -2.52%
Tata Chemicals Ltd (TCL) is likely to invest $170 million (Rs 760 crore) in the second
phase (stream II) of expansion of the fertiliser complex at Gabon in Africa. TCL had
earlier announced its acquisition of 25.1 per cent stake in the ammonia-urea fertiliser
complex at Gabon for $290 million (nearly Rs 1,300 crore).
Karnataka Bank has announced that its branch strength will touch the 500 figure
BSE Upper Circuit Breakers mark from the present 478 this fiscal.
Company Name 11-Apr 08-Apr % Change
HATSUN AGRO PRODUCT LTD. 208.9 174.1 20.00 Essar Oil reported a 78 per cent jump in its fourth quarter ending March 31 to Rs 321
National Oxygen 74.9 62.5 19.90 crore, on back of record refinery throughput and higher margins.Also it expects
Raj Television 61.4 51.2 19.90 refining margins to stay healthy or even improve further in coming months on the
Bafna Spinning 2.1 2.0 5.00 back of the political turmoil in the Middle East.
0
Polypro Fibrils 9.9 9.4 4.90
Infosys Technologies which is under pressure from a nimbler TCS and a Cognizant-
on-steroids, is expected to announce a major organizational rejig along with naming
a new chairman and CEO shortly.
Midcap power and steel billet manufacturer Godawari Power and Ispat is close to
acquiring a high-grade mineral mine overseas.
BSE Lower Circuit Breakers
Company Name 11-Apr 08-Apr % Change NTPC and Reliance Industries (RIL) will soon enter into a complex deal to ensure
Kalptaru Pap-$ 12.2 13.5 (10.00) supply of more gas to Andhra Pradesh power projects.
Simran Farms 38.1 40.1 (5.00)
Supertex Inds 1.0 1.1 (9.90) State-owned Hindustan Petroleum Corporation Limited (HPCL) has finally
TCI Inds 2074.4 2304.8 (10.00) decided to make Prize Petroleum Corporation (PPCL) its 100% subsidiary and will buy
Sampada Chem 253.3 266.6 (5.00) stakes of it's partners ICICI and HDFC Bank.
Steel major, JSW STEEL said that it has recorded its highest-ever quarterly crude
steel production of 1.72-million tonnes in Q4 FY 11.
The Miglani family, which jointly controls the high grade steelmaker Uttam Galva
Steel along with ArcelorMittal India, has acquired Brahmani Industries, a greenfield
steel plant being built in Kadapa, Andhra Pradesh.
Bangalore-based GMR Infrastructure said it is close to raising as much as $150
million (around Rs 698 crore) in the second round of private equity investment for its
airport arm, GMR Airport Holdings.
COMMODITY 10 pm 11-Apr 08-Apr % Change COMMODITY / CURRENCY NEWS
Crude Oil (USD/bbl) 106 110 (3.43) Light Sweet Crude Oil on Monday lost 3.43% and closed at $106 per barrel. Gold closed
Gold (Rs/10gm) 21,262 21,288 (0.12) down by 0.12% at Rs 21,262 and silver closed up by 1.37% at Rs 59,548
Silver (Rs/kg) 59,548 58,745 1.37
CURRENCY 11-Apr 08-Apr % Change The Indian Rupee closed lower against the dollar at Rs 44.38 as the Indian equity
benchmarks ended on a negative note.
INR / USD 44.38 44.03 0.82
USD / Euro 1.44 1.44 0.18
Yen / USD 84.69 85.29 (0.70)

3. April 13, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
OIL 1285.4 1,303.9 1.44 Amid controversy over allocation of spectrum and grant of telecom licences,
Crompton Greves 274.0 277.5 1.28 government said all licences are proposed to be renewed after 10 years instead of 20
TTML 17.8 18.0 1.12 year period earlier.
Alok Textiles 24.2 24.5 1.03
India is likely to be counted among the top three life insurance and 15 general
GVK Power & Infrastructure 27.9 28.2 0.90
insurance markets in the world by 2020.
CUMMINSIND 672.0 678.0 0.89
IOC 325.1 327.9 0.86 Poor performance of manufacturing and mining sectors pulled down the industrial
Core Projects 336.6 307.9 (8.51) growth rate to 3.6 per cent in February.
Patni Computers 476.2 443.2 (6.93)
Bhushan Steel 493.9 479.9 (2.83) Iran's economy minister said a dispute with India over payments for Iranian crude oil
Hero Honda Motors Ltd. 1639.0 1,600.0 (2.38) had been resolved.
Areva T&D 279.1 274.5 (1.63)
India's empowered group of ministers will decide whether the country should allow
INSTITUTIONAL ACTIVITY (Rs Cr) 30-Mar 29-Mar YTD exports of wheat this year, Food Minister K.V. Thomas said.
FII Cash Net 1,044 1,500 (867)
Insurance sector regulator IRDA said the guidelines to allow life insurance companies
FII Stock Futures (1,546) (1) 3,920
to raise funds from the capital market will be out by the end of this month.
FII Index Futures 769 98 2,592
Mutual Fund (249) (292) 2,439 With one budget fight behind him, President Barack Obama will offer a long-term plan
for deficit reduction this week in preparation for bigger US spending battles ahead,
VALUATIONS P/E P/B DIV YLD the White House said
BSE 20.9 3.6 1.1
NSE 22.0 3.7 1.1
BSE500 Mcap/GDP Ratio 0.63
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Reliance Infra 683.5 0.84 Gammon Infra 21.4 8.63 Hatsun AgroB 208.85 20.0
Cipla 320.1 0.63 MVL 28.7 7.49 Gruh Finance 465.2 17.8
ITC 185.0 0.46 Marico 147.6 6.96 Ajanta Pharma 232.0 11.4
Infosys 3239.5 0.39 Shree Global Trd 138.0 4.98 Ester Inds 50.4 9.7
Tata Power 1317.7 0.35 Coromandel Intl 318.1 4.43 Petron Engr 339.4 8.8
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
DLF 250.4 -3.51 Sunteck Realty 344.0 -9.75 Oriental Hotels 31.5 -2.1
Jindal Steel 678.8 -3.01 S Kumar Nation 64.1 -5.88 Nouveau Multi 21.6 -1.4
Jaiprakash Asso 91.7 -2.96 JM Financial-$ 27.4 -5.84 Gravita India 366.6 -22.6
Tata Motors 1219.3 -2.84 Prestige Estates 136.3 -5.84 Lloyds Metal 44.0 -2.7
HDFC 690.1 -2.69 Essar Ship Ports 108.1 -4.97 Accentia Tech-$ 94.8 -5.7
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Ajanta Pharma Ltd Crosseas Capital Services Pvt. Ltd. BUY 0.98% 232.1
Gammon India Ltd. Citigroup Global Markets Mauritius Private Limited BUY 0.73% 121.6
Glory Polyfilms Limited Planet Investments & Finance Pvt Ltd BUY 2.36% 4.0
Alok Industries Limited Sr Global Mauritius Limited Class B-Asia SELL 0.98% 24.9
National Oxygen Ltd Bp Fintrade Private Limited SELL 1.72% 74.4
BSE
Ajanta Pharma Crosseas Capital Services Private Limited BUY 0.98% 232.3
Arcadia Merc Amrapali Capital And Finance Services Limited BUY 2.93% 57.8
Asahi Infra Indravarun Trade Impex Pvt Ltd BUY 2.13% 12.8
Bhagwandas Met Deccan Financial Services Pvt Ltd SELL 1.45% 6.0
Chandni Tex Kaushik Gangaram Rathod SELL 0.62% 50.6