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1. COMMENTARY INDIAN MARKET 16-Nov 15-Nov % Change
BSE Sensex* 19,865 20,310 (2.19)
NSE Nifty* 5,989 6,122 (2.17)
BSE Midcap* 8,266 8,448 (2.15)
BSE Smallcap* 10,567 10,885 (2.92)
Nifty Junior* 12,859 13,096 (1.81)
CNX Midcap* 9,337 9,496 (1.67)
GLOBAL MARKETS 17-Nov 16-Nov % Change
Dow Jones Ind (USA) 11,007 11,022 (0.14)
Nasdaq Composite(USA) 2,476 2,469 0.28
S&P 500 (USA) 1,178 1,178 0.02
FTSE 100 (UK) 5,692 5,682 0.18
DAX (Germany) 6,700 6,664 0.54
9,898 9,811 0.89
23,214 23,693 (2.02)
Shanghai Comp (China) 2,839 2,895 (1.92)
KOSPI (South Korea) 1,897 1,899 (0.11)
STI (Singapore) 3,212 3,237 (0.76)
MSCI Emerging Market 578 580 (0.22)
MSCI Frontier Market 415 423 (1.89)
CORPORATE/ ECONOMY NEWS BOND MARKETS 16-Oct 15-Nov Change
10yr G-Sec Yield 8.05 8.09 (0.04)
1yr G-Sec Yield 7.07 7.07 (0.00)
LIBOR (6m) 0.45 0.44 0.01
LIBOR (1m) 0.26 0.25 0.01
Interbank Call rate 6.8 6.9 (0.05)
Nikkei 225 (Tokyo)
Hang Seng (Hong Kong)
Volume: 1 | Issue: 400| November 18, 2010
INDIA
The Indian market was hit by a thunderstorm on Tuesday as selling intensified on Dalal Street on
concerns about further monetary tightening in China and sovereign debt worries in the
eurozone., with the key indices ending near the lowest point of the day amid a global sell off.
What’s worse, the slump came on huge volumes with the total market turnover surpassing the Rs.
2 lakh crore.The Realty, Metals and the Capital Goods stocks led the decline.The BSE Sensex lost
445 points to close at 19,865 and the NSE Nifty lost 133 points to close at 5,989.The Mid-Cap
index lost 2.1% and Small-Cap index slipped 3%.
On the BSE, 2,433 stocks declined while 598 shares advance and 93 stocks remained unchanged.
GLOBAL MARKETS
Stocks ended mixed Wednesday after trading in a narrow range for most of the day as investors
weighed inflation and housing reports ahead of GM's initial public offering. The Dow Jones
industrial average fell 15 points, or 0.1%, to close at 11,007. The S&P 500 closed just above the
breakeven point at 1178. The tech-heavy Nasdaq rose 7 points, or 0.3%, to close at 2,476.
Asian market are trading on a positive note, with the Nikkei & Hang Seng trading 0.9% higher.
* Indicates Markets were closed 17th November 2010 on account of Eid.
Shares of Gravita India Ltd. surged 66% in a subdued market on Tuesday after the IPO of the
lead manufacturer received tremendous response from all category of investors.
ABG Shipyard Limited, country's largest private ship building company announced 26.46 %
increase in revenue to Rs. 10.04bn for the HY1FY11 compared to Rs. 7.94bn in HY1FY10.Net Sales
for Q2FY11 have been reported at Rs. 5.55bn as against Rs. 4.01bn for the corresponding quarter
Q2FY10, with increase of 38.32%.
`
0
5
10
15
20
5800
5900
6000
6100
6200
6300
10-Nov 11-Nov 12-Nov 15-Nov 16-Nov
NSE Turnover Rs Cr('000) Nifty
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
19200
19400
19600
19800
20000
20200
20400
20600
20800
21000
10-Nov 11-Nov 12-Nov 15-Nov 16-Nov
BSE Turnover Rs Cr('000) Sensex
Volume: 1 | Issue: 400| November 18, 2010
INDIA
The Indian market was hit by a thunderstorm on Tuesday as selling intensified on Dalal Street on
concerns about further monetary tightening in China and sovereign debt worries in the
eurozone., with the key indices ending near the lowest point of the day amid a global sell off.
What’s worse, the slump came on huge volumes with the total market turnover surpassing the Rs.
2 lakh crore.The Realty, Metals and the Capital Goods stocks led the decline.The BSE Sensex lost
445 points to close at 19,865 and the NSE Nifty lost 133 points to close at 5,989.The Mid-Cap
index lost 2.1% and Small-Cap index slipped 3%.
On the BSE, 2,433 stocks declined while 598 shares advance and 93 stocks remained unchanged.
GLOBAL MARKETS
Stocks ended mixed Wednesday after trading in a narrow range for most of the day as investors
weighed inflation and housing reports ahead of GM's initial public offering. The Dow Jones
industrial average fell 15 points, or 0.1%, to close at 11,007. The S&P 500 closed just above the
breakeven point at 1178. The tech-heavy Nasdaq rose 7 points, or 0.3%, to close at 2,476.
Asian market are trading on a positive note, with the Nikkei & Hang Seng trading 0.9% higher.
* Indicates Markets were closed 17th November 2010 on account of Eid.
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
Shares of Gravita India Ltd. surged 66% in a subdued market on Tuesday after the IPO of the
lead manufacturer received tremendous response from all category of investors.
ABG Shipyard Limited, country's largest private ship building company announced 26.46 %
increase in revenue to Rs. 10.04bn for the HY1FY11 compared to Rs. 7.94bn in HY1FY10.Net Sales
for Q2FY11 have been reported at Rs. 5.55bn as against Rs. 4.01bn for the corresponding quarter
Q2FY10, with increase of 38.32%.
SPML Infra, the energy and environment projects firm, is seeking acquisitions of water
management firms for growth and has set aside $10 million for the same.
Private sector lender Axis Bank announced acquisition of investment banking arm of Enam
Securities for Rs 2,067 crore.
State-run Indian Oil Corp (IOC) has hired six banks including Bank of America-Merrill Lynch,
Citigroup and ICICI Securities to handle a share sale of up to $4.3 billion.
R.P.P. Infra Projects Limited, becomes the first Indian corporate to be eligible for the relaxation
of the retail investor investment limit in IPOs to Rs. 2 lakh from Rs. 1 lakh prescribed earlier by the
Securities and Exchange Board of India (SEBI) RPP proposes to enter the capital markets on
November 18, 2010 with a public issue of 65,00,000 equity shares of Rs. 10 each through a 100%
book building process.
Dabur India Ltd has announced that its wholly owned subsidiary Dermoviva Skin Essentials, US
has entered into Unit Purchase Agreement to acquire 100% membership units in leading personal
care Namaste Group Companies viz- Namaste Laboratories LLC, US and its three subsidiaries for
total consideration of US$100mn.The transaction is expected to be completed by the end of
calendar year 2010, subject to regulatory approvals in US.
Dish TV India Ltd. announced that it has attained a significant milestone of becoming Asia’s
largest DTH Company.
SKS Microfinance dropped to the lowest since its August trading debut on reports that
microfinance companies are facing liquidity crunch in the wake of the increased scrutiny of their
lending practices and are therby seeking emergency funding.

2. CORPORATE NEWS SECTOR 16-Nov 15-Nov % Change
Healthcare 6,612 6,656 (0.66)
Teck 3,653 3,706 (1.44)
IT 5,991 6,099 (1.78)
Oil&Gas 10,510 10,717 (1.93)
Bankex 14,219 14,510 (2.00)
FMCG 3,603 3,679 (2.06)
Power 3,047 3,112 (2.10)
PSU 9,865 10,086 (2.19)
Auto 9,984 10,210 (2.22)
Consumer Durables 6,715 6,893 (2.58)
Capital Goods 15,603 16,049 (2.78)
Metal 16,577 17,109 (3.11)
Realty 3,326 3,449 (3.55)
BSE Upper Circuit Breakers
Company Name 16-Nov 15-Nov % Change
9,168.6 8,335.1 10.00
192.5 175.0 10.00
73.6 70.1 5.00
0 231.0 220.0 5.00
126.0 120.0 5.00
BSE Lower Circuit Breakers
Kaycee Industries
Citurgia Biochemicals
S.V.Electricals
Madhur Industries
Camphor & Allied
Volume: 1 | Issue: 400| November 18, 2010
Tata Communications launched its next-generation Ethernet network in 24 nodes around the
world. The company's global network upgrade will provide industryleading network services for
both service providers and enterprises, enabling higher speed, enhanced security and improved
troubleshooting capabilities.
The Rajasthan government plans to take a 26 per cent stake in a refinery proposed to be set up in
the state by Oil and Natural Gas Corp (ONGC).
State-run Oil India is hoping to conclude a deal soon to buy a stake in an oil and gas producing
asset overseas, its head of finance T.K. Anantha Kumar said on Tuesday.
Eicher Motors Ltd plans to invest 5 billion rupees to expand its capacity as demand for
commercial vehicles rises, Siddhartha Lal, chief executive officer, told reporters on the sidelines of
the World Economic Forum India summit.
To expand its operations in Southeast Asia, State Bank Of India is on a look out for acquisition of
a bank in Indonesia in cash deal not exceeding USD 100 million (about Rs 450 crore). Indonesian
market provides high growth potential and SBI has identified 2-3 banks for possible acquisition.
The country’s largest electricity producer NTPC plans to set up cement plants on its own after it
failed to attract any partner for the new business that will help it utilise and monetise huge
amounts of polluting ash generated by its coal-fired projects.
Vedanta Resources, the London-listed metals and mining major, has finalised a consortium of
banks that will fund up to $6 billion of debt needed to finance its acquisition of Cairn India.
Around 50 executives quit MSD, the Indian arm of Merck & Co, in the past few months — most
opted out due to the company’s decision to relocate to Mumbai from Gurgaon, while a few were
asked to leave for allegedly violating compliance norms
Vedanta Group firm Sterlite Energy has sought relaxation in SEZ rules to benefit its power plant
in Orissa which needs to transport coal through Vedanta Aluminum's special economic zone, a BSE Lower Circuit Breakers
Company Name 16-Nov 15-Nov % Change
14.5 16.1 (10.00)
13.1 14.6 (10.00)
44.3 46.7 (5.00)
105.6 111.2 (5.00)
21.7 22.8 (5.00)
COMMODITY / CURRENCY NEWS COMMODITY 17-Nov 15-Nov % Change
Crude Oil (USD/bbl) 81.0 84.3 (3.96)
Gold (Rs/10gm) 19,987.0 20,219.0 (1.15)
Silver (Rs/kg) 39,185.0 39,555.0 (0.94)
CURRENCY 16-Nov 15-Nov % Change
INR / USD 45.31 45.23 0.19
USD / Euro 1.35 1.36 (0.66)
Yen / USD 83.30 83.10 0.24
Hittco Tools
HFCL
Parekh Agrochem
KRBL
Bedmutha Industries
Volume: 1 | Issue: 400| November 18, 2010
Light Sweet Crude Oil on Wednesday closed down by 4% at $81 per barrel. Gold closed down by
1.15 % at Rs 19,987 and Silver closed down by 0.9 % at Rs. 39,185.
The Indian Rupee closed lower against the dollar at 45.31 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.
Tata Communications launched its next-generation Ethernet network in 24 nodes around the
world. The company's global network upgrade will provide industryleading network services for
both service providers and enterprises, enabling higher speed, enhanced security and improved
troubleshooting capabilities.
The Rajasthan government plans to take a 26 per cent stake in a refinery proposed to be set up in
the state by Oil and Natural Gas Corp (ONGC).
State-run Oil India is hoping to conclude a deal soon to buy a stake in an oil and gas producing
asset overseas, its head of finance T.K. Anantha Kumar said on Tuesday.
Eicher Motors Ltd plans to invest 5 billion rupees to expand its capacity as demand for
commercial vehicles rises, Siddhartha Lal, chief executive officer, told reporters on the sidelines of
the World Economic Forum India summit.
To expand its operations in Southeast Asia, State Bank Of India is on a look out for acquisition of
a bank in Indonesia in cash deal not exceeding USD 100 million (about Rs 450 crore). Indonesian
market provides high growth potential and SBI has identified 2-3 banks for possible acquisition.
The country’s largest electricity producer NTPC plans to set up cement plants on its own after it
failed to attract any partner for the new business that will help it utilise and monetise huge
amounts of polluting ash generated by its coal-fired projects.
Vedanta Resources, the London-listed metals and mining major, has finalised a consortium of
banks that will fund up to $6 billion of debt needed to finance its acquisition of Cairn India.
Around 50 executives quit MSD, the Indian arm of Merck & Co, in the past few months — most
opted out due to the company’s decision to relocate to Mumbai from Gurgaon, while a few were
asked to leave for allegedly violating compliance norms
Vedanta Group firm Sterlite Energy has sought relaxation in SEZ rules to benefit its power plant
in Orissa which needs to transport coal through Vedanta Aluminum's special economic zone, a
commerce ministry official has said.
Jubilant Life Sciences Ltd , which saw consolidated net profit jump 42 per cent in July-Sept on
Thursday, said capacity increases, new contracts and product launches will drive growth in the
second half.
Branded jewellery firm Gitanjali Gems posted 52 per cent net profit at Rs 80.04 crore for the
quarter ended September 30, compared to Rs 52.74 crore in the corresponding period last year.
Twilight Litaka Pharma limited, an integrated pharmaceutical formulations company,
announced its results for the quarter and half year ended September 30,2010.The company has
posted a 77.05 % rise net profit at Rs. 142mn for the second-quarter ended September 30, 2010
compared to Rs. 80mn in the corresponding quarter ended September 30, 2009. Net sales during
the quarter rose 40.88% to Rs.1.71bn as against Rs.1.21bn for the corresponding period ended
September 30, 2009.

3. ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
Core project 291.8 298.3 2.23
IRB 234.9 237.05 0.92
GTL 415.5 418.9 0.83
Alok Textile 30.3 30.5 0.66
Crompton Greaves 318.8 320.85 0.66
BRFL 217.0 218.3 0.60
Power Grid 100.2 97.8 (2.35)
BEML 1104.0 1096.9 (0.64)
Hero Honda 1817.5 1807.5 (0.55)
Nationalum 386.9 385.1 (0.45)
Sintex 225.6 224.8 (0.35)
Hexaware 85.4 85.1 (0.29)
INSTITUTIONAL ACTIVITY (Rs Cr) 05-Nov 04-Nov YTD
FII Cash Net 749 6,907 1,25,845
FII Stock Futures 27 (253) (17,066)
FII Index Futures 61 1,107 (6,451)
Mutual Fund 45 1,154 28,342
VALUATIONS P/E P/B DIV YLD
BSE 22.7 3.7 1.1
NSE 23.9 3.8 1.0
BSE500 Mcap/GDP Ratio 0.65
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Rs %
Bharti Airtel 313.1 1.16 MVL 33.35 9.52 Suashish Diam 203.9 6.45
- - - Educomp Sol 550.6 7.79 Electrotherm 311.6 5.23
- - - Bata India 365.25 4.61 Solar Inds 619 4.97
- - - Eicher Motors 1282.15 3.78 Prabhav Inds 83.75 4.95
MOVERS & SHAKERS
Name
Volume: 1 | Issue: 400| November 18, 2010
Domestic banks will have to scale up their asset size five times over the next five
years, if they want to cope with demand for capital from an economy that is clipping
at near double-digits,says an industry report.
India will compensate oil marketing companies for selling petroleum products
below cost as mandated by the government with cash in the budget session of
parliament starting in February, Finance Secretary Ashok Chawla said on Tuesday.
The government expects to incur total underrecoveries of about 590 bn rupees
($13.1 bn) on essential petroleum products for 2010-11, the country's oil minister
said on Monday.Out of the total underrecoveries, 180 bn rupees would be incurred
on LPG, Petroleum Minister Murli Deora said.
Enterprise IT spending in the Asia-Pacific region is expected to rebound in 2010 and
grow further to $312.3 billion in 2011, research firm Gartner said on Tuesday.
Professional forecasters have revised their projections for GDP growth in the
current fiscal to 8.5 per cent from the earlier estimate of 8.4 per cent.
Revenue collections from indirect taxes i.e. Customs Duty, Central Excise and
Service Tax have increased by 42.4% at the all-India level in the first seven months
of the current financial year 2010-11 over the same period last year.
- - - Eicher Motors 1282.15 3.78 Prabhav Inds 83.75 4.95
- - - Whirlpool 311.7 2.79 PRADIPOVERS 90.9 4.9
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Rs %
Sterlite Inds 172.6 -5.4 Kwality Dairy 107.2 -9.54 Vikas WSP 31.2 -11.49
Hindalco Inds 212.05 -5.21 Rashtriya Chem 114.45 -8.11 Valecha Engr 182.7 -10.81
Jaiprakash Asso 122.2 -4.57 National Fert 118.6 -7.67 Himachal Futur 14.5 -9.99
Reliance Comm 161.8 -3.72 Dewan Housing 315.05 -6.6 Sarda Energy 324.25 -9.19
Tata Motors 1206.55 -3.65 Hindustan Const 57.2 -6.54 JVL Agro Inds 34.75 -9.15
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
SEL Manufacturing Company Trans Financial Resources BUY 1.25% 36.1
Delta Corp Limited Crosseas Capital Services BUY 1.55% 130.2
Hindustan Org Chem Ltd Jmp Securities BUY 10.85% 56.5
Subex Limited Suresh Kanmal Jajoo SELL 1.36% 86.5
BS TransComm Limited Crosseas Capital Services Pvt. Ltd. SELL 0.88% 205.6
Confidence Petro Jaroli Vincom BUY 2.12% 23.1
Bilpower Gulshan Investment Company BUY 1.15% 181.6
Asian Tea Asian Capital Market Limited BUY 0.85% 30.5
Ballarpur Inds Neha Khandelwal SELL 0.91% 39.4
Black Rose Inds Halan Finance & Investment SELL 1.35% 16.84
Name
BSE
BULK DEALS
NSE
Volume: 1 | Issue: 400| November 18, 2010
Domestic banks will have to scale up their asset size five times over the next five
years, if they want to cope with demand for capital from an economy that is clipping
at near double-digits,says an industry report.
India will compensate oil marketing companies for selling petroleum products
below cost as mandated by the government with cash in the budget session of
parliament starting in February, Finance Secretary Ashok Chawla said on Tuesday.
The government expects to incur total underrecoveries of about 590 bn rupees
($13.1 bn) on essential petroleum products for 2010-11, the country's oil minister
said on Monday.Out of the total underrecoveries, 180 bn rupees would be incurred
on LPG, Petroleum Minister Murli Deora said.
Enterprise IT spending in the Asia-Pacific region is expected to rebound in 2010 and
grow further to $312.3 billion in 2011, research firm Gartner said on Tuesday.
Professional forecasters have revised their projections for GDP growth in the
current fiscal to 8.5 per cent from the earlier estimate of 8.4 per cent.
Revenue collections from indirect taxes i.e. Customs Duty, Central Excise and
Service Tax have increased by 42.4% at the all-India level in the first seven months
of the current financial year 2010-11 over the same period last year.
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