1. India-Global Market Summary 26-3-2013
• Market closed positive after seven days losing streak. The market breadth
was negative. Sensex up 0.12% to 18704.53 and Nifty up 0.14% to
5641.60. Among the 30-share Sensex pack, 16 stocks advanced while rest
of them declined. Market trading volatile and market breadth was negative.
• ITC edged higher. Reliance Industries (RIL) dropped in volatile trade.
Capital goods stocks extended recent losses on worries slowdown in the
economy could crimp new orders. Realty stocks also edged lower. Shares of
Reliance Anil Dhirubhai Ambani (ADA) group declined. Aviation stocks
dropped. Bank stocks were mixed. Most metal stocks declined as LMEX, a
gauge of six metals traded on the London Metal Exchange, dropped 0.47%
on Monday, 25 March 2013.
• IT stocks gained in volatile trade. Software major Tata Consultancy
Services (TCS) rose after the company said it has bagged a contract from
Southern Water to implement a customer services and revenue
transformation programme for the latter. Bharti Airtel edged higher after the
company announced that its wholly-owned subsidiary Bharti Airtel
International (Netherlands) B.V. has successfully raised $500 million notes
(the Additional Notes) in addition to the recently concluded transaction of
$1 billion 5.125% Fixed Rate Senior Unsecured Guaranteed 144A/Reg S
Notes due 2023.

2. • GAIL (India) said it has set a target of marketing 84.05 million metric standard cubic metre per day (MMSCMD)
and transmitting 110 MMSCMD of natural gas from domestic sources and through LNG route during FY 2013-14
under the Annual Memorandum of Understanding (MoU) signed with Ministry of Petroleum & Natural Gas for
performance targets.
• Coal India (CIL) said that the board of directors has approved to convert the Loan & Current Account balance
granted to BCCL, a 100% subsidiary of the company, aggregating to Rs 2539 crores into 5% Non-Convertible,
Redeemable Cumulative Preference Shares
• Mahindra Satyam said that pursuant to Clause 28.1 of Scheme of Amalgamation and Arrangement of Venturbay
Consultants and Satyam Computer Services and C&S Systems Technologies and Mahindra Logisoft Business
Solutions and CanvasM Technologies with Tech Mahindra and their respective shareholders and creditors (the
scheme), the board of directors extended the validity of the scheme by a further period of six months till 30
September 2013.
• MTNL board of directors approved the proposal for raising non convertible debentures worth Rs 3000 crore for a
period of 10 years guaranteed by the Government of India.
• Torrent Power said that the company has allotted 10.10% Secured Redeemable Non-Convertible Debentures
(NCDs) of upto Rs 300 crores on private placement basis.
• Hexaware Technologies fell 1.05% after the stock turned ex-dividend today, 26 March 2013, for a final dividend of
Rs 1.20 per share for the year ended 31 December 2012.
• Mahindra Satyam said its board has extended the proposed merger of the company with Tech Mahindra by six
months till 30 September 2013
• Future Retail company said it has agreed to sell a stake in its general insurance business to L&T General Insurance
Company.
• State Bank of Bikaner and Jaipur fell 2.95% as the stock turned ex-dividend today, 26 March 2013, for an interim
dividend of Rs 16.10 per share for the year ending 31 March 2013.
• Balmer Lawrie & Company surged 3.17% ahead of the company's board meeting today, 26 March 2013, to consider
issue of bonus shares
• Rupee weakened by 17 paise to 54.34 against the US dollar at the Interbank Foreign Exchange market in early trade
today due to month-end demand for the American currency from importers.
• State Bank of Travancore fell 2.59% as the stock turned ex-dividend today, 26 March 2013, for an interim dividend
of Rs 17 per share for the year ending 31 March 2013.

3. Global news
• European stocks were mostly higher on Tuesday before US data that may show
durable-goods orders increased and new-house sales held close to a four-year
high last month. Most Asian stocks edged higher on Tuesday. Trading in US
index futures indicated that the Dow could gain 29 points at the opening bell on
Tuesday. US stocks edged lower on Monday after reports suggested that deposit
holders in other ailing European economies may be at risk in the future after
Cyprus's bailout plan to tax bank depositors
• Cyprus, the euro-area's third-smallest economy, on Monday agreed the terms for
a 10 billion-euro ($13 billion) bailout. Cypriot President Nicos Anastasiades
agreed to shut the country's second-largest bank, and will impose tax on deposits
of more than 100,000 euros.
• Cyprus will keep its banks closed until Thursday amid fears those institutions
will be overrun by customers trying to extract their money after a bailout deal
reached Monday. Media reports said the announcement came suddenly as all but
the nation's two biggest banks had been preparing to re-open on Tuesday. Those
banks have been closed since 16 March.
• South Korea's economy expanded less than previously estimated in the fourth
quarter, underscoring the case for stimulus by the new government, the latest data
showed.
• The Bank of Japan's governor Haruhiko Kuroda said on Tuesday that buying
five-year or longer-term government securities is one option for the central bank
in easing monetary policy, providing a fresh hint on what policy changes the BOJ
may adopt under his leadership.

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