- The Indian stock market indices rose slightly on August 1, recovering from recent losses as global markets stabilized after the US averted a debt default. However, Asian markets declined on concerns about slowing US manufacturing. - Car sales in India fell 15% in July from a year ago, while NHPC plans to invest $2.1 billion in two Myanmar power projects and MphasiS acquired a US insurance technology firm. - US markets finished slightly lower after lawmakers approved raising the borrowing limit, ending uncertainty but leaving investors cautious ahead of the final vote.

1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Tuesday, August 2, 2011
Domestic Markets Snapshot
Name of Index July 29 Aug 1 Change (%) Views on markets today
Sensex 18,197.20 18,314.33 0.64% • The Sensex snapped its four-session losing streak and
CNX Nifty 5,482.00 5,516.80 0.63% rose 117 points to 18,314, in line with global markets,
BSE Mid-cap 6,915.31 6,913.85 -0.02% after the US government averted a debt default crisis
BSE IT 5,835.44 5,885.80 0.86% that had worried investors the world over. Companies
BSE Banks 12,447.83 12,482.84 0.28% like RIL, Infosys, SBI and Tata Motors attracted good
buying. While in sectors IT, teck and auto segments
FII Activity (`Cr)
were the best performers.
Date Buy Sell Net
• Market breadth was weak at 0.73x due to selling in
29-Jul 2765 3384 -619 mid cap stocks. FIIs bought equities worth `87Cr while
28-Jul 4120 3703 417 domestic institutions sold equities of `95Cr.
Total July 56836 49426 10091
• Asian stocks declined sharply led by the exporters
2011 YTD 383585 374853 8732 pressured by fresh indications of US manufacturing is
MF Activity (`Cr) slowing.
Date Buy Sell Net • We expect a weak opening for the Indian markets on
28-Jul 824 665 159 account of negative global cues. Rising risk
27-Jul 490 645 -155
averseness of the investors is creating barriers for the
markets to remain on higher levels.
Total July 10953 10361 1793
2011 YTD 78973 75528 4095
Economic and Corporate Developments
Volume & Advances / Declines • The House of Representatives on Monday approved
NSE BSE a last-gasp deal to raise the US borrowing limit in a
Trading Volume (`Cr) 9,604 2,444 decisive step toward averting a catastrophic debt
Advances 582 1,204 default by US.
Declines 891 1,646 • Car sales in India fell by around 15% in July
Unchanged 46 125 compared to a growth of 38% in the same month
Total 1,519 2,975 last year, according to a report released by Crisil
Research.
Global Markets
Index Latest Values Change (%) Buzzing Stock
DJIA 12,132.49 -0.1%
• State-run hydro power generation company NHPC
NASDAQ 2,744.61 -0.4%
planning to invest `15,000Cr for developing two
Nikkei * 9,833.81 -1.3% projects in Myanmar.
Hang Seng * 22,538.07 -0.6%
• MphasiS has acquired US-based insurance solution
* as of 8.45AM IST provider Wyde Corp that will increase its direct
Currencies / Commodities Snapshot business by adding to revenue, giving access to
Latest Previous geographies and new clients.
Quote Close • Fortis Healthcare plans start six new hospitals in
Indian Rupee per $ 44.00 44.08
southern and western India that could entail an
Indian Rupee per € 62.77 63.62 investment of up to `1,050Cr.
NYMEX Crude Oil($/bbl) 95.20 94.89
Gold ($/oz) 1,621.10 1,620.40
Silver ($/oz) 39.61 39.24
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS
(BSE A-Group) Buzzing Stock
Previous Current Change • Jyoti Structures has bagged orders worth `438Cr
Company Name
Close (`) Price (`) (%)
from Vidyut Vitran Company
Adani Enter 586.10 637.80 8.82
MANAP FIN 55.05 58.90 6.99 • Surana Industries board approves issue of 80lakh
Mah & Mah Fin 637.75 673.20 5.56 shares at `500/share
JUBL FOOD 852.50 891.75 4.60 • Shriram EPC wins an order to setup a 75mn litre
Ranbaxy Lab 539.00 561.50 4.17 diesel tank storage facility in Queensland Australia
(BSE Mid-Cap) • Sun Pharma set to pick up an 11% stake in an Israeli
Previous Current Change
investment company specializing in life sciences
Company Name
Close(`) Price(`) (%) • The National Highways Authority of India awarded a
Godfrey Phil 3004.95 3307.30 10.06 `2815Cr contract in Madhya Pradesh to
TVS Motor 49.35 53.45 8.31 infrastructure player GVK that will fetch it an annual
MANAP FIN 55.05 58.90 6.99 premium of about `190Cr for 30 years, more than
COX KINGS 208.40 222.90 6.96 the total project cost.
Gujarat Mnrl 159.55 169.40 6.17 • Vedanta Resources has received conditional
approval from the Indian government for its
TOP LOSERS acquisition of a stake in Cairn India.
(BSE A-Group)
Previous Current Change US markets
Company Name
Close(`) Price(`) (%)
JSW Steel 774.20 694.80 -10.26 US markets finished Monday’s roller-coaster session
National Alum 75.50 71.30 -5.56 with a slight loss, with investors on uncertain footing
Bharat Forge 329.10 311.00 -5.50 before lawmakers vote on raising the federal borrowing
Crompton Greav 169.20 160.35 -5.23 limit. After triple-digit swings in either direction, the
Jindal Saw 152.65 145.00 -5.01 Dow Jones Industrial Average ended down 10.75 points,
or 0.1%, at 12,132.49, its seventh straight losing
(BSE Mid-Cap)
session -- the longest since the one ending July 2, 2010.
Previous Current Change
Company Name
Close(`) Price(`) (%)
Himadri Chem 56.65 52.80 -6.80
Usha Martin 44.70 41.75 -6.60
Bajaj Elect 219.10 206.85 -5.59
Bharat Forge 329.10 311.00 -5.50
India Infoline 83.55 79.00 -5.45
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