1. India-Global Market Summary 1-4-2013
• Market closed with gains on first trading session of financial year ending 31 March 2014
(FY 2014) to settle at 1-1/2 week high. Infosys, L&T lead market upmove. The market
breadth was strong. Sensex up 0.15% to 18864.75 and Nifty up by 0.38% to 5704.40.
Among the 30-share Sensex pack, 15 stocks declined while rest of them rose.
• The index of eight core industries fell 2.5% in February 2013 compared to their 7.7%
growth in February 2012. The decline in growth in February 2013 was on account of
negative growth witnessed in electricity generation and in the production of crude oil,
coal, natural gas and fertilizers. The eight core industries have a combined weight of
37.90% in the Index of Industrial Production (IIP).
• Cooling domestic and foreign demand dragged on manufacturing growth in March, with
the sector expanding at its slowest pace since November 2011. The HSBC manufacturing
Purchasing Managers' Index (PMI), which gauges business activity in Indian factories
but not its utilities, fell to 52 in March, after a surge to 54.2 in February. The PMI has
held above 50 -- the level that divides growth and contraction -- for four years, but the
March headline reading was the biggest month-on-month drop since September 2011.
• ITC edged lower. Reliance Industries (RIL) edged higher in choppy trade. Realty stocks
jumped. Capital goods stocks rose on renewed buying. Except the BSE Metal index, the
BSE FMCG index and the BSE Auto index, all the other sectoral indices on BSE were in
the green.

2. • PSU OMCs edged lower. Bank stocks edged higher. Metal stocks declined as LMEX, a gauge of six metals traded on the
London Metal Exchange, dropped 0.68% on Thursday, 28 March 2013. Sterlite Industries slumped after the company said on
Saturday, 30 March 2013, that the Tamil Nadu Pollution Control Board (TNPCB) has ordered closure of the company's
copper smelter in Tuticorin after a preliminary inspection. IT stocks were mostly lower.
• Ranbaxy Laboratories rose after the company said that its US subsidiary Ranbaxy Pharmaceutical Inc, has resumed the
supply of Atorvastatin calcium tablets that includes, 10mg, 20mg, 40mg, and 80 mg dosage strengths to the US market.
• Coal India rose after the company said, that Bharat Coking Coal (BCCL) -- a wholly owned subsidiary of the company has
issued 2.53 crore 5% non-convertible, redeemable, cumulative preference shares of Rs 1,000 each aggregating to Rs 2539
crore in favour of Coal India as a part of the financial restructuring of BCCL.
• Mahindra & Mahindra lost 0.89% after the company said its total tractor sales declined 0.43% to 17,330 units in March 2013
over March 2012.
• NTPC rose after the company said that the Unit-II of 500 MW of Mouda Super Thermal Power Project, Stage-I has been
commissioned on 29 March 2013.
• KEC International secured new orders worth Rs 914 crore in its transmission, power systems and cables businesses from
India and International markets.
• L&T has secured an order valued at Rs 5689 crore from the Rajasthan Rajya Vidyut Utpadan Nigam.
• Shares of Repco Home Finance were trading at Rs 167, a discount of 2.91% over the initial public offer price of Rs 172 per
share.
• Dr. Reddy's Laboratories gained after the company said it has launched Zenatane Capsules in two doses in the US market on
28 March 2013.
• DEN Networks rose 3.23% after the company said its board approved selling up to 26% of the company's paid-up share
capital.
• HCL Technologies has divested its entire 49% stake in NEC HCL System Technologies (NHST), a joint venture between
HCL Technologies and NEC Corporation, agreed to buy the stake for an all cash consideration of $12 million.
• IndusInd Bank and NMDC become a part of the 50-unit CNX Nifty index with effect from today, 1 April 2013 and replace
Siemens and Wipro
• Cadila Healthcare rose after the company said on Saturday, 30 March 2013, that it has received tentative approval from the
USFDA for Amlodipine Besylate and Benazepril Hydrochloride capsules, in the strengths of 2.5mg/10mg, 5mg/10mg,
5mg/20mg and 10mg/20mg.
• Zee Entertainment Enterprises rose after the company said that its wholly-owned overseas subsidiary -- Asia Today Limited,
Mauritius -- has approved minority strategic investment into MirriAd Ltd., UK, an entity which specializes in brand
integration into television programming.

3. Global news
• European stock markets were closed today, 1 April 2013 for an
Easter holiday. Asian stocks fell on Monday led by Japanese
shares following a slightly below-view reading on the big
manufacturers diffusion index in the Bank of Japan's tankan
survey. Trading in US index futures indicated a flat opening of US
stocks on Monday, 1 April 2013. US stock market was closed on
Friday, 29 March 2013, for the Good Friday holiday
• China's manufacturing expanded at a faster pace last
month, indicating a recovery in the world's second-largest
economy is sustaining momentum. The Purchasing Managers'
Index was 50.9, the National Bureau of Statistics and China
Federation of Logistics and Purchasing said today in Beijing, an
11-month high and up from 50.1 in February.

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