1. India-GlobalMarketSummary 8-8-2013
• Market edged higher in choppy trade as European stocks rose after Chinese trade
data for July 2013 signaled improvement in economic conditions for the world's
second biggest economy. The market breadth, indicating the overall health of the
market, was strong. Indian stocks snapped two-day losing streak today, 8 August
2013. The stock market remains closed tomorrow, 9 August 2013, on account of
Ramzan Id. Among the 30-share Sensex pack, 20 stocks rose and rest of them fell.
Nifty rose 0.84% to 5565.65 and Sensex rose 0.67% to 18789.34
• Ranbaxy jumps over 28% after improved Q2 results. Realty stocks gained for the
second straight day. Mining and metal stocks rose after China reported much better
than expected trade results for July. Asian Paints rose after completing acquisition of
majority stake in Sleek Group. Cipla gained ahead of its Q1 results tomorrow, 9
August 2013. Sun Pharmaceuticals Industries declined ahead of its Q1 results
tomorrow, 9 August 2013.
• Maruti Suzuki India rose 3.88%. The Reserve Bank of India on Wednesday, 8
August 2013, lifted restrictions placed on foreign institutional investors buying
shares in Maruti Suzuki India (MSIL) after their holdings fell below the prescribed
limit. The ceiling on investment by foreign institutional investors (FIIs) in Maruti
Suzuki is 24%. Total foreign holding in Maruti Suzuki was 22.10% as at 30 June
2013, of which 22.03% was held by FIIs.

2. • Asian Paints rose 1.5% after the company said it has acquired 51% stake in Kitchen solutions provider Sleek
International. The investment was approved by Asian Paints' board today, 8 August 2013, and the infusion of Rs 120
crore in two tranches for 51% stake in Sleek International will be completed by 10 August 2013, the company said.
• Gujarat Gas Company surged 12.78% after consolidated net profit surged 90.24% to Rs 100.60 crore on 2.49%
decline in net sales to Rs 746.80 crore in Q2 June 2013 over Q2 June 2012.
• Ranbaxy Laboratories jumped 8.71% after the company reported improved Q2 June 2013 results
• Eicher Motors jumped 8.26% after consolidated net profit rose 21.54% to Rs 92.32 crore on 4.67% increase in total
income to Rs 1,690.98 crore in Q2 June 2013 over Q2 June 2012.
• Bharat Forge surged 12.48% after net profit surged 80.8% to Rs 90.60 crore on 17.3% increase in total revenues to
Rs 791.50 crore in Q1 June 2013 over Q4 March 2013.
• Great Eastern Shipping Company rose 1.10% after the company's board approved buyback of equity shares.
• Welspun India jumped 10.87% after net profit jumped 42% to Rs 89.90 crore on 25% increase in revenues to Rs
944.60 crore in Q1 June 2013 over Q4 March 2013
• German exports slightly recovered in June from May's sharp decline, Exports of goods, as opposed to services, rose
0.6% in June from May, but declined 2.1% from June 2012
• Ranbaxy Laboratories reported consolidated net loss of Rs 524.24 crore for Q2 June 2013, lower than net loss of Rs
585.72 crore in Q2 June 2012.
• Ranbaxy said that base business sales registered double digit growth and base business margins continued to
improve in Q2 June 2013.
• Apollo Hospitals Enterprise said its consolidated net profit rose 3% to Rs 78.30 crore on 16% growth in revenue to
Rs 1021.80 crore in Q1 June 2013 over Q1 June 2012.
• On standalone basis, Apollo Hospitals Enterprise net profit rose 13% to Rs 78.90 crore on 15% growth in revenue to
Rs 895 crore in Q1 June 2013 over Q1 June 2012.

3. Global news
• European stocks edged higher on Thursday boosted by upbeat Chinese trade data and well-received
earnings reports from some of the region's prominent firms. Asian stocks were mostly lower on
Thursday. Trading in US index futures indicated that the Dow could gain 31 points at the opening bell on
Thursday, 8 August 2013. US stocks lost ground for a third consecutive session on Wednesday on
growing uncertainty over when the Federal Reserve will start to wind down its stimulus, which has been
a driving force behind the rally in equities this year
• German exports slightly recovered in June from May's sharp decline, official data showed Thursday, but
foreign trade remains lackluster amid slack demand from the struggling euro zone and a weakening
Chinese growth outlook. Exports of goods, as opposed to services, rose 0.6% in June from May, but
declined 2.1% from June 2012, data from the federal statistics office showed, indicating that foreign
trade continues to lack momentum.
• Exports--traditionally a key driver of economic growth in Europe's largest economy--declined 0.6% in
January-June compared with the same period a year earlier, as shipments to the euro zone dropped 3.1%.
Imports, meanwhile, declined for the first time in four months. German goods imports in June were
down 0.8% on the month and declined 1.2% on the year.
• China's exports and imports rebounded in July, exceeding estimates and adding to signs that the world's
second-largest economy is stabilizing following a two-quarter slowdown. Shipments abroad rose 5.1%
from a year earlier, the General Administration of Customs said in Beijing today. Imports jumped
10.9%, leaving a trade surplus of $17.8 billion.
• The Bank of Japan today, 8 August 2013, refrained from adding to unprecedented monetary stimulus
after a two-day monetary policy review. Governor Haruhiko Kuroda's board stuck with an April pledge
to expand the monetary base by 60 trillion yen to 70 trillion yen ($723 billion) per year, a statement
released in Tokyo today showed.
• Australian employers unexpectedly cut payrolls in July and unemployment held at an almost four-year
high, denting Prime Minister Kevin Rudd's bid for a come-from-behind election win. The number of
people employed fell 10,200, the statistics bureau said in Sydney today.

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