1. Market Outlook
India Research
July 6, 2010
Dealer’s Diary Domestic Indices Chg (%) (Pts) (Close)
The key benchmark indices hit fresh intraday lows in late trade, as European BSE Sensex -0.1% (19.5) 17,441
stocks turned negative. The market breadth was positive as buying was Nifty -0.0% (1.2) 5,236
witnessed in select mid-cap and small-cap stocks. The market pared gains in MID CAP 0.3% 20.9 7,139
early afternoon trade after hitting a fresh intraday high. The market lost ground SMALL CAP 0.3% 28.8 9,133
soon to hit a fresh intraday low. It soon regained the positive zone in BSE HC 0.5% 30.4 5,738
mid-afternoon trade. The market hit a fresh intraday low in late trade. The BSE PSU -0.4% (35.2) 9,410
Sensex and Nifty closed flat. BSE mid-cap and small-cap indices also closed BANKEX 0.3% 34.5 10,698
flat; however, both faired marginally better as they closed with gain of 0.3% AUTO 0.1% 6.2 8,191
each. Amongst the front liners, M&M, Wipro, Bharti Airtel, HDFC and Infosys METAL -0.4% (57.2) 14,325
were up by 0–1%, while RCOM, Hindalco, ONGC, BHEL and HUL declined by OIL & GAS -0.8% (84.9) 10,632
1–3%. Among mid-caps, Trent, National Fertilizers, United Breweries, BSE IT 0.4% 20.4 5,259
RCF and IBN18 were up by 6–7%, while Andrew Yule, Gee Kay Finance, GTL
Infra, Monnet Ispat and Bombay Rayon were down by 3–5%.
Global Indices Chg (%) (Pts) (Close)
Dow Jones -0.5% (46.1) 9,686
Markets Today
NASDAQ -0.5% (9.6) 2,092
The trend deciding level for the day is 17457/5238 levels. If NIFTY trades FTSE -0.3% (14.6) 4,824
above this level during the first half-an-hour of trade then we may witness a Nikkei 0.7% 63.1 9,267
further rally up to 17490–17539/5250–5265 levels. However, if NIFTY trades Hang Seng -0.3% (63.1) 19,842
below 17457/5238 levels for the first half-an-hour of trade then it may correct Straits Times -0.0% (0.2) 2,844
up to 17408–17375 / 5224 – 5211 levels. Shanghai Com -0.8% (19.0) 2,364
Indices S2 S1 R1 R2 Indian ADRs Chg (%) (Pts) (Close)
SENSEX 17,375 17,408 17,490 17,539 Infosys -0.4% (0.2) $58.9
Wipro -0.5% (0.1) $11.9
NIFTY 5,211 5,224 5,250 5,265
Satyam -2.4% (0.1) $4.9
ICICI Bank -0.5% (0.2) $35.8
News Analysis HDFC Bank -1.1% (1.5) $142.0
CCCL bags order worth Rs1,218cr
TACO to exit JV to raise funds for Tata Motors Advances / Declines BSE NSE
Refer detailed news analysis on the following page.
Advances 1,576 686
Net Inflows (July 02, 2010) Declines 1,296 634
Rs cr Purch Sales Net MTD YTD Unchanged 102 46
FII 1,803 2,035 (232) 305 30,588
MFs 649 560 89 (1,088) (8,218) Volumes (Rs cr)
BSE 2,857
FII Derivatives (July 05, 2010)
NSE 7,765
Open
Rs cr Purch Sales Net
Interest
Index Futures 719 1,089 (370) 18,832
Stock Futures 639 662 (23) 28,891
Gainers / Losers
Gainers Losers
Price Price
Company Chg (%) Company Chg (%)
(Rs) (Rs)
Jubilant Org 372 5.5 RNRL 46 (27.3)
Ashok Leyland 66 4.9 RCOM 186 (2.9)
Nestle 3,079 3.8 Aban Offshor 813 (2.5)
GSPL 104 3.6 Amtek Auto 173 (2.5)
Reliance Power 181 3.6 HPCL 466 (1.9)
Please refer to important disclosures at the end of this report Sebi Registration No: INB 0109965391

2. Market Outlook | India Research
CCCL bags order worth Rs1, 218cr
Consolidated Construction Consortium Ltd (CCCL) is an integrated construction service
provider having projects in the industrial, commercial, residential and infrastructure space.
The company has bagged orders amounting to Rs1,218cr, spread across areas of power
plants, metro rail, buildings and factories. The outstanding order book stands at
Rs4,500cr (or 2.3x FY2010 revenue) to be executed over 18months. We maintain our
Neutral view on the stock.
TACO to exit JV to raise funds for Tata Motors
Tata Auto Comp Systems (TACO) is planning to exit the 50:50 joint venture with Ficosa in
Spain. The company no longer finds the JV as a strategic fit. The company intends to raise
funds to reduce the debt burden on the parent company, Tata Motors. In FY2010, TACO
reported revenue of Rs3,436cr and plans to touch Rs4,191cr in the current financial year.
We would wait for more clarity to emerge from the outcome of the deal. We continue to
remain positive on Tata Motors with a target price of Rs907.
Economic and Political News
Rs13,742cr package for Naxal-hit districts on cards
Planning Commission on armchair advisor says Nath
Orissa to create 5.6 lakh hectare more irrigation potential in 5 years
Corporate News
Fortis Healthcare revokes 3.9cr (~10%) of pledged shares
JSW Energy to commission 1,600MW Salboni Plant by 2014
GTL may give shares worth US $3bn to RCOM
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint
Events for the day
SJVN Ltd Dividend, Results
Religare Enterprises Audited Results
July 6, 2010 2

3. Market Outlook | India Research
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