- Indian stock markets fell for the third straight day due to concerns over widening bribery scandals and potential exits by foreign investors from affected companies. The Sensex ended down 182 points. - Global markets also declined, with US stocks falling 0.8% due to worries over the European debt crisis outweighing positive holiday shopping numbers. Asian markets traded mixed. - Several Indian companies announced expansion plans, while others reported contract wins and acquisitions. Commodity prices were mixed with oil up slightly and gold and silver down. The rupee weakened against the dollar.

1. COMMENTARY INDIAN MARKET 26-Nov 25-Nov % Change
BSE Sensex 19,137 19,318 (0.94)
NSE Nifty 5,752 5,800 (0.82)
BSE Midcap 7,612 7,853 (3.06)
BSE Smallcap 9,516 9,963 (4.49)
Nifty Junior 11,847 12,130 (2.33)
CNX Midcap 8,690 8,862 (1.95)
GLOBAL MARKETS 26-Nov 25-Nov % Change
Dow Jones Ind (USA)* 11,092 11,187 (0.85)
Nasdaq Composite(USA)* 2,534 2,543 (0.34)
S&P 500 (USA)* 1,189 1,199 (0.80)
FTSE 100 (UK) 5,669 5,699 (0.53)
DAX (Germany) 6,849 6,880 (0.45)
10,040 10,080 (0.40)
22,877 23,055 (0.77)
Shanghai Comp (China) 2,872 2,898 (0.92)
KOSPI (South Korea) 1,902 1,928 (1.34)
STI (Singapore) 3,159 3,159 0.01
MSCI Emerging Market 578 580 (0.28)
MSCI Frontier Market 410 417 (1.64)
CORPORATE/ ECONOMY NEWS BOND MARKETS 26-Nov 25-Nov Change
10yr G-Sec Yield 7.90 7.95 (0.05)
1yr G-Sec Yield 7.20 7.20 0.00
LIBOR (6m) 0.45 0.45 0.00
LIBOR (1m) 0.25 0.25 0.00
Interbank Call rate 6.8 6.9 (0.06)
Nikkei 225 (Tokyo)
Hang Seng (Hong Kong)
Volume: 1 | Issue: 406| November 29, 2010
INDIA
There was no respite for traders or investors alike as bear hammering, mainly in realty cum-scam
affected stocks continued for yet another day. Despite, starting a positive note, the markets soon
took a sharp dip in morning amid fears of widening bribe-for-loan scandal and margin calls being
triggered. The Sensex tumbled to a low of 18,957, it's lowest level since September 13, 2010, with
a host of mid- and small-cap stocks plunging over 20% each in intra-day deals. The Sensex ended
with a loss of 182 points at 19,137. The index has shed almost 9% from its record peak of 21,005
on November 5, 2010.The indices fell for the third straight day on account of concerns that
foreign institutional investors (FII) might exit the scam hit companies. The smallcap index was
down 4.4% while the midcap index lost 3% .
Of the total 3072 stocks traded, 2505 stocks had advanced while 487 had declined.
GLOBAL MARKETS
U.S. stocks fell, spending Black Friday in the red as growing worries over the euro-zone debt crisis
overshadowed an encouraging start to the holiday shopping season. The Dow Jones Industrial
Average dropped 95.28 points, or 0.85%, to 11092.00. The Nasdaq slipped 8.56, or 0.34%, to 2534.
The Standard & Poor's 500 index declined 8.95, or 0.8%, to 1189.40, and fell 0.9% for the week.
The materials and energy sectors posted the biggest declines on Friday as related commodities
fell in a broad move away from risky assets.
Asian Markets are trading on a mixed note. The Nikkei is up by 0.2% & the Hang Seng is down by
0.2%
Anil Ambani-led Reliance Infrastructure, today said it has bagged its 5th consultancy project for
Bihar State Electricity Board, Patna, under the Re-structured Accelerated Power Development and
Reform Programme (R-APDRP) programme of the Union Ministry of Power.
The Kerala based Dhanlaxmi bank proposes to open 125 more branches pan India and add
another 2000 employees on its pay roll by 2011-12 financial year, a top official of the bank today
said.
`
0
5
10
15
20
25
30
5600
5700
5800
5900
6000
6100
22-Nov 23-Nov 24-Nov 25-Nov 26-Nov
NSE Turnover Rs Cr('000) Nifty
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
18600
18800
19000
19200
19400
19600
19800
20000
20200
22-Nov 23-Nov 24-Nov 25-Nov 26-Nov
BSE Turnover Rs Cr('000) Sensex
Volume: 1 | Issue: 406| November 29, 2010
INDIA
There was no respite for traders or investors alike as bear hammering, mainly in realty cum-scam
affected stocks continued for yet another day. Despite, starting a positive note, the markets soon
took a sharp dip in morning amid fears of widening bribe-for-loan scandal and margin calls being
triggered. The Sensex tumbled to a low of 18,957, it's lowest level since September 13, 2010, with
a host of mid- and small-cap stocks plunging over 20% each in intra-day deals. The Sensex ended
with a loss of 182 points at 19,137. The index has shed almost 9% from its record peak of 21,005
on November 5, 2010.The indices fell for the third straight day on account of concerns that
foreign institutional investors (FII) might exit the scam hit companies. The smallcap index was
down 4.4% while the midcap index lost 3% .
Of the total 3072 stocks traded, 2505 stocks had advanced while 487 had declined.
GLOBAL MARKETS
U.S. stocks fell, spending Black Friday in the red as growing worries over the euro-zone debt crisis
overshadowed an encouraging start to the holiday shopping season. The Dow Jones Industrial
Average dropped 95.28 points, or 0.85%, to 11092.00. The Nasdaq slipped 8.56, or 0.34%, to 2534.
The Standard & Poor's 500 index declined 8.95, or 0.8%, to 1189.40, and fell 0.9% for the week.
The materials and energy sectors posted the biggest declines on Friday as related commodities
fell in a broad move away from risky assets.
Asian Markets are trading on a mixed note. The Nikkei is up by 0.2% & the Hang Seng is down by
0.2%
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
investmentor 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
Anil Ambani-led Reliance Infrastructure, today said it has bagged its 5th consultancy project for
Bihar State Electricity Board, Patna, under the Re-structured Accelerated Power Development and
Reform Programme (R-APDRP) programme of the Union Ministry of Power.
The Kerala based Dhanlaxmi bank proposes to open 125 more branches pan India and add
another 2000 employees on its pay roll by 2011-12 financial year, a top official of the bank today
said.
Public sector lender Bank of Baroda today announced an increase in the interest rate on certain
retail term deposit schemes by up to 75 basis points, with effect from November 29.
Jindal Steel and Power Ltd's proposed integrated steel plant at Angul in Orissa has hit a green
hurdle with the Environment Ministry issuing a showcause notice threatening to revoke its
clearance for flouting forest norms at the site.
Financial services firm Religare said on Friday it is in no way connected with an alleged bribery
scam and never entered into any dealings with Money Matters.
IT and BPO service provider Patni plans to recruit 350 employees by the end of 2011, the
company said today. The new recruits would be based in the second delivery centre in Gandhi
Nagar, Gujarat which was inaugurated recently
Auto giant Mahindra & Mahindra today said it has agreed to acquire 5.5 per cent of IT firm Tech
Mahindra's stake from UK-based British Telecommunications (BT). UK's largest fixed-line phone
company BT holds 30 per cent stake in Tech Mahindra.
Claris Lifesciences Ltd has cut price band and extended the closing date for its Rs300 core initial
public offering, sources said. The company has set a new price band of Rs 228-235 and the closing
date now stands at December 2
The Power Ministry is believed to have sent a cabinet note to the department of disinvestment on
its 15 per cent follow on public offer (FPO) in Power Finance Corporation next year, a source
revealed today.

2. CORPORATE NEWS SECTOR 26-Nov 25-Nov % Change
IT 6,009 6,010 (0.02)
Bankex 13,283 13,286 (0.03)
Healthcare 6,481 6,506 (0.39)
Teck 3,643 3,665 (0.62)
PSU 9,059 9,154 (1.04)
Capital Goods 14,806 14,990 (1.23)
Oil&Gas 9,853 9,989 (1.36)
Auto 9,866 10,056 (1.89)
FMCG 3,508 3,577 (1.92)
Power 2,829 2,891 (2.13)
Metal 15,415 15,817 (2.54)
Consumer Durables 6,203 6,454 (3.90)
Realty 2,743 2,877 (4.68)
BSE Upper Circuit Breakers
Company Name 26-Nov 25-Nov % Change
10.8 9.0 20.00
Arcee Industries 5.1 4.6 10.00
167.4 159.4 5.00
0 216.7 206.4 5.00
113.0 107.7 5.00
BSE Lower Circuit Breakers
Alpha Graphic
Huston Agro
Cimmo Birla
Fusion Fittings
Volume: 1 | Issue: 406| November 29, 2010
Engineering and construction firm Gammon India today said it has successfully acquired an
84.16 per cent stake in Metropolitan Infrahousing. The company, however, did not disclose the
price at which it acquired the Metropolitan Infrahousing shares.
Tata Motors-owned British premium carmaker Jaguar Land Rover (JLR) today launched the
diesel version of its luxury sedan XF in India, priced at Rs 48.37 lakh (ex-showroom, Delhi).
The premium car, which is powered by a 3.0 litre V6 cylinder, will be sold in the country as a
completely built unit (CBU).
Adani Group promoted Mundra Port and Special Economic Zone (MPSEZ) today signed an
agreement to develop non-LNG cargo facility at Hazira port in South Gujarat, a company official
said.
The initial public offer of state- owned MOIL was subscribed 0.76 times on the first day of the
issue today, generating demand worth Rs 953 crore.
In a move to consolidate its businesses, United Breweries, today said three of its group firms will
be merged into itself in order to have better synergies and enabling cost savings.
State-run CIL will invest around Rs 2,500 crore to set up 20 new coal washeries with a combined
capacity of 111.10 million tonnes to unlock the value of its sizeable but poor quality reserves in
the country, the government said today.
REpower Systems AG, a unit of wind turbine-maker Suzlon Energy Ltd, today said it has signed a
contract with Belgium's C-Power for supply of 48 wind energy turbines.
Shipping Corporation of India Ltd. (SCI) on Friday said that the Empowered Group of Ministers
(EGoM) of the Government of India, in its meeting held today has decided to fix a Price Band of
Rs. 135 to Rs. 140 per equity share for the Follow-on Public Offering (FPO).
The Union Environment Ministry has reportedly slapped a show cause notice on Lavasa Corp. and
has also asked the company to stop construction work at the Lavasa site near Pune. Lavasa Corp., BSE Lower Circuit Breakers
Company Name 26-Nov 25-Nov % Change
382.6 425.0 (10.00)
42.9 45.2 (5.00)
218.0 229.5 (5.00)
11.8 12.4 (5.00)
89.3 94.0 (5.00)
COMMODITY / CURRENCY NEWS COMMODITY 26-Nov 25-Nov % Change
Crude Oil (USD/bbl) 83.5 83.4 0.08
Gold (Rs/10gm) 20,254.0 20,346.0 (0.45)
Silver (Rs/kg) 41,083.0 41,785.0 (1.68)
CURRENCY 26-Nov 25-Nov % Change
INR / USD 45.84 45.52 0.70
USD / Euro 1.32 1.33 (0.75)
Yen / USD 84.10 83.61 0.59
NCL Research
Money Matters
Binny
BGIL Films
Mansi Finance
Volume: 1 | Issue: 406| November 29, 2010
Crude oil closed up by 0.08% at $83.5 per barrel. Gold closed down by 0.45% at Rs 20,254 and
Silver closed down by 1.68 % at Rs. 41,083.
The Indian Rupee closed lower against the dollar at 45.84 as the Indian equity benchmarks ended
on a negative note.
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.
Engineering and construction firm Gammon India today said it has successfully acquired an
84.16 per cent stake in Metropolitan Infrahousing. The company, however, did not disclose the
price at which it acquired the Metropolitan Infrahousing shares.
Tata Motors-owned British premium carmaker Jaguar Land Rover (JLR) today launched the
diesel version of its luxury sedan XF in India, priced at Rs 48.37 lakh (ex-showroom, Delhi).
The premium car, which is powered by a 3.0 litre V6 cylinder, will be sold in the country as a
completely built unit (CBU).
Adani Group promoted Mundra Port and Special Economic Zone (MPSEZ) today signed an
agreement to develop non-LNG cargo facility at Hazira port in South Gujarat, a company official
said.
The initial public offer of state- owned MOIL was subscribed 0.76 times on the first day of the
issue today, generating demand worth Rs 953 crore.
In a move to consolidate its businesses, United Breweries, today said three of its group firms will
be merged into itself in order to have better synergies and enabling cost savings.
State-run CIL will invest around Rs 2,500 crore to set up 20 new coal washeries with a combined
capacity of 111.10 million tonnes to unlock the value of its sizeable but poor quality reserves in
the country, the government said today.
REpower Systems AG, a unit of wind turbine-maker Suzlon Energy Ltd, today said it has signed a
contract with Belgium's C-Power for supply of 48 wind energy turbines.
Shipping Corporation of India Ltd. (SCI) on Friday said that the Empowered Group of Ministers
(EGoM) of the Government of India, in its meeting held today has decided to fix a Price Band of
Rs. 135 to Rs. 140 per equity share for the Follow-on Public Offering (FPO).
The Union Environment Ministry has reportedly slapped a show cause notice on Lavasa Corp. and
has also asked the company to stop construction work at the Lavasa site near Pune. Lavasa Corp.,
which is 65% owned by Hindustan Construction Company (HCC), has 15 days to reply to the
show cause notice.
Tulip Telecom Ltd has announced that members of the Company, by way of Postal Ballot, have
accorded their approval to raise long term funds aggregating to Rs. 10bn.
Shares of Kingfisher Airlines have gone down 7% after a report stated Civil aviation minister
Praful Patel will take action against airlines that charge exorbitant fares.
Auto components manufacturer, Steel Strips and Wheels (SSW), is in advanced talks with a
Korean company to sell a 4—5 per cent stake for around $10 million and expects to seal the deal
by end this fiscal
Cals Refineries Ltd has informed BSE that Al Qebla Al Watya of Kuwait has signed agreements
with the company as its first entry into the Indian oil refining sector.

3. ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
GTL Infra 44.0 44.6 1.37
IGL 317.1 321.35 1.36
Ster 160.9 162.9 1.27
Pantaloon Retail 396.1 400.4 1.10
Indian Bank 260.9 263.55 1.02
Tatacomm 257.0 259.5 0.99
Concor 1222.0 1184.9 (3.04)
SCI 144.8 142.4 (1.62)
BRFL 202.2 200.2 (1.01)
IOB 136.9 135.9 (0.73)
ACC 1003.0 996.0 (0.70)
PNB 1151.5 1144.5 (0.61)
INSTITUTIONAL ACTIVITY (Rs Cr) 11-Nov 10-Nov YTD
FII Cash Net (683) 111 1,26,068
FII Stock Futures (306) (403) (17,667)
FII Index Futures (408) (816) (8,659)
Mutual Fund (225) (99) (29,438)
VALUATIONS P/E P/B DIV YLD
BSE 21.8 3.5 1.1
NSE 23.0 3.6 1.1
BSE500 Mcap/GDP Ratio 0.62
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Rs %
TCS 1045.5 2.14 IRB Infra 213.5 4.89 Panacea Bio 201.5 10.2
Cipla 340.1 1.61 City Union Bank 49.8 4.62 Hatsun Agro 113 4.97
SBI 2858.85 1.16 Petronet LNG 118.9 4.02 Carol Info 93.7 4.81
Tata Power 1291.55 1.15 Shree Global Trd 241.25 3.3 Centrum Cap 1850 4.76
MOVERS & SHAKERS
Name
Volume: 1 | Issue: 406| November 29, 2010
The government hopes to get lawmakers' nod next week for additional government
spending, Parliamentary Affairs Minister Pawan Bansal said on Friday, even as parliament
could not function for the 11th straight day.
India's foreign exchange reserves fell to $297.985 billion as on November 12 from
$298.315 billion in the previous week, the Reserve Bank said in its weekly statistical
supplement on Friday.
Indian refiners processed less crude for the third straight month in October from a year
ago largely because of refinery shutdowns, government data on Friday showed, and the
trend is likely to continue next month.
Tata Power 1291.55 1.15 Shree Global Trd 241.25 3.3 Centrum Cap 1850 4.76
ICICI Bank 1124.85 0.68 United Bank 119.15 2.85 GMR Inds 149.75 4.76
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Rs %
Jaiprakash Asso 105.75 -8.04 Shree Ashtavina 36.65 -19.89 Bheema Cem 114.45 -19.99
Reliance Infra 850.25 -6.59 Hindustan Const 40.1 -18.99 Murli Inds 89.4 -19.6
Reliance Comm 130.3 -5.51 Arss Infra Proj 810.2 -18.92 Simplex Proj 250.45 -15.03
Sterlite Inds 161 -3.62 Man Infra 217.05 -18.87 Elpro Intl 350 -14.61
Tata Motors 1166.5 -3.3 Ackruti City 350.85 -13.38 Marathon Next 212.05 -14.48
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
SEL Manufacturing Company Trans Financial Resources BUY 1.25% 27.7
Delta Corp Limited Crosseas Capital Services BUY 1.55% 120.3
Hindustan Org Chem Ltd Jmp Securities BUY 1.54% 56.5
Subex Limited Suresh Kanmal Jajoo SELL 1.33% 82.0
BS TransComm Limited Crosseas Capital Services Pvt. Ltd. SELL 0.88% 185.5
Confidence Petro Jaroli Vincom BUY 1.25% 21.1
Bilpower Gulshan Investment Company BUY 0.85% 180.2
Asian Tea Asian Capital Market Limited BUY 0.97% 30.2
Ballarpur Inds Neha Khandelwal SELL 0.91% 35.5
Black Rose Inds Halan Finance & Investment SELL 1.35% 16.52
Name
BSE
BULK DEALS
NSE
Volume: 1 | Issue: 406| November 29, 2010
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
The government hopes to get lawmakers' nod next week for additional government
spending, Parliamentary Affairs Minister Pawan Bansal said on Friday, even as parliament
could not function for the 11th straight day.
India's foreign exchange reserves fell to $297.985 billion as on November 12 from
$298.315 billion in the previous week, the Reserve Bank said in its weekly statistical
supplement on Friday.
Indian refiners processed less crude for the third straight month in October from a year
ago largely because of refinery shutdowns, government data on Friday showed, and the
trend is likely to continue next month.