1. India-Global Market Summary 11-11-2013
• Market declined as market sentiment was impacted adversely on concerns Fed may reduce
monetary stimulus for the US economy sooner than expected after latest data showed better
than expected US October jobs report. The US central bank currently buys bonds worth $85
billion a month in a bid to hold interest rates low and encourage economic growth in the
world's biggest economy. Fed's bond-buying program has been a source of liquidity for most
Asian and emerging markets this year. Sensex and Nifty both, settled at their lowest level in 31/2 weeks. The market breadth, indicating the overall health of the market, was negative.
Sensex was down 0.85% to 20,490.96 and Nifty was down 1.01% to 6,078.80. Among the 30share Sensex pack, 24 stocks fell and rest of them rose.
• The rupee fell below the 63 level against the dollar. Rupee depreciation fuels inflation,
increases import bill and current account deficit. It also increases the government's spending
on fuel subsidies, potentially widening the fiscal deficit.
• On the macro front, exports rose 13.47% to $ 27.27 billion in October 2013 over October
2012. Imports fell 14.5% to $ 37.82 billion in October 2013 over October 2012. Trade deficit
stood at $10.55 billion in October 2013, lower than trade deficit of $20.21 billion in October
2012.
• Realty, capital goods stocks lead market decline. Tata Motors declined despite the company
reporting a strong Q2 result. Shares of two-wheeler makers dropped. Capital goods pivotals
also declined. Realty stocks dropped. Suven Life Sciences surged on strong Q2 result. Central
Bank of India dropped after the bank reported a reverse turnaround in Q2 September 2013.

2. •
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Divi's Laboratories jumped on strong Q2 result. PSU OMCs declined as a weak rupee will negate the impact of lower crude oil prices for PSU OMCs
as the crude oil that refineries process is either imported or priced on import-parity. Index heavyweight and cigarette maker ITC dropped.
On a consolidated basis, Tata Motors' net profit surged 70.7% to Rs 3542 crore on 31.1% rise in revenues to Rs 56882 crore in Q2 September 2013
over Q2 September 2012.
Max India reported net profit of Rs 1.99 crore in Q2 September 2013 as against net loss of Rs 17.43 crore in Q2 September 2012. Max India's net
sales rose 7.3% to Rs 190.10 crore in Q2 September 2013 over Q2 September 2012.
United Spirits (USL) lost 2.23%. The company's net profit surged 273% to Rs 94.30 crore on 7% growth in revenue to Rs 2038.70 crore in Q2
September 2013 over Q2 September 2012.
Reliance Power fell 2.59% after the company reported 4% rise in net profit to Rs 251 crore on 23% rise in total income to Rs 1457 crore in Q2
September 2013 over Q2 September 2012.
Hindalco Industries tumbled 4.55% ahead of company's US subsidiary Novelis Inc. Q2 results today, 11 November 2013. Hindalco Industries unveils
Q2 result tomorrow, 12 November 2013.
GlaxoSmithKline Pharmaceuticals reported 33.73% fall in net profit to Rs 100.95 crore on 7.03% fall in total income to Rs 666.02 crore in Q3
September 2013 over Q3 September 2012.
Divi's Laboratories jumped 7.98% on strong Q2 result. The company's net profit jumped 73.72% to Rs 205 crore on 19.62% growth in total income to
Rs 567 crore in Q2 September 2013 over Q2 September 2012.
Aditya Birla Nuvo said that the Investor Relations & Finance Committee of the board has approved allotment of 98.20 lakh equity shares of Rs 10
each at a premium of Rs 900.86 each, to the promoter and promoter group company on conversion of equivalent number of warrants issued to them on
10 May 2012. The existing warrants held by these holders shall stand extinguished to the extent of exercise of the option for conversion of equity
shares
Lupin was almost unchanged at Rs 883.80. The company announced that its US subsidiary, Lupin Pharmaceuticals, Inc. (LPI) has launched its generic
Rabeprazole Sodium delayed release tablets, 20mg. Lupin had earlier received final approval from the US FDA for the same. Lupin's Rabeprazole
Sodium delayed release tablets, 20mg, are the generic equivalent of Eisai Inc.'s Aciphex delayedrelease tablets, 20mg, and are indicated for the
treatment of Gastroesophageal reflux disease (GERD). Aciphex delayedrelease tablets, 20mg, had annual U.S sales of approximately $ 864.3 million
(IMS MAT June 2013).
Suven Life Sciences surged 15.38% on strong Q2 result. The company's net profit surged 602% to Rs 45.50 crore on 202% spurt in revenues to Rs
151.50 crore in Q2 September 2013 over Q2 September 2012.
Max India fell 2.11% after Q2 result. The company reported net profit of Rs 1.99 crore in Q2 September 2013 as against net loss of Rs 17.43 crore in
Q2 September 2012.
Max India's total income rose 15.8% to Rs 214.16 crore in Q2 September 2013 over Q2 September 2012.
Apollo Tyres jumped 4.05% after a US judge ruled that the Indian firm did not breach its obligation to close its $2.5 billion buyout of US-based
Cooper Tire & Rubber Company.
Ricoh India was locked at 20% upper circuit after board of directors of the company approved delisting proposal.

3. Global news
• European stocks edged higher on Monday, extending a fifth straight week of
gains as China's industrial output growth unexpectedly accelerated. Most Asian
stocks edged higher on Monday. Trading in US index futures indicated that the
Dow could gain 21 points at the opening bell on Monday, 11 November 2013.
US stocks applauded a better-than-expected October jobs report and rose on
Friday amid hopes a more buoyant economy will improve business for American
companies over the long run.
• China's industrial output rose a more-than-estimated 10.3% from a year earlier in
October, according to data released Nov 9 by the National Bureau of Statistics.
October inflation was a less-than-forecast 3.2%, producer prices fell 1.5% from a
year earlier and retail sales rose 13.3%.
• The meeting of China's leaders in Beijing will end tomorrow, 12 November 2013
to map out economic policies as the country heads for its slowest annual growth
in more than two decades.
• American employers added 204,000 workers last month after a revised 163,000
gain in September that was larger than previously estimated, Labor Department
figures showed Nov. 8. The increase in payrolls topped the most optimistic
forecast in a survey of economy

4. We mentioned below the links of our other services, feel free
to contact us for any other services requirement.
• Our Services
• Click here to read more on our site
---------------------------------------------Free Internship Programme for the students with a background
of Finance and commerce, For more details, contact 04432983431/ lakshmiskn@indianfinancebazaar.com. Visit us at
www.ifmaonline.com, To Keep you updated with daily market
news, visit www.indiafinancebazaar.com
For students, we provide tailor made financial training upon the
college request. Contact lakshmiskn@indianfinancebazaar.com
for further details or call us at 044-32973431