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1. COMMENTARY INDIAN MARKET 18-Nov 16-Nov % Change
BSE Sensex 19,930 19,865 0.33
NSE Nifty 5,999 5,989 0.17
BSE Midcap 8,241 8,266 (0.30)
BSE Smallcap 10,455 10,567 (1.06)
Nifty Junior 12,907 12,859 0.37
CNX Midcap 9,348 9,337 0.11
GLOBAL MARKETS 18-Nov 17-Nov % Change
Dow Jones Ind (USA) 11,181 11,007 1.58
Nasdaq Composite(USA) 2,514 2,476 1.53
S&P 500 (USA) 1,197 1,178 1.57
FTSE 100 (UK) 5,769 5,692 1.35
DAX (Germany) 6,832 6,700 1.97
10,014 9,812 2.06
23,637 23,214 1.82
Shanghai Comp (China) 2,865 2,839 0.94
KOSPI (South Korea) 1,928 1,897 1.62
STI (Singapore) 3,215 3,212 0.10
MSCI Emerging Market 580 578 0.34
MSCI Frontier Market 421 415 1.58
CORPORATE/ ECONOMY NEWS BOND MARKETS 18-Oct 16-Oct Change
10yr G-Sec Yield 7.92 8.05 (0.13)
1yr G-Sec Yield 7.07 7.07 0.00
LIBOR (6m) 0.45 0.45 0.00
LIBOR (1m) 0.25 0.26 (0.01)
Interbank Call rate 6.8 6.8 (0.04)
Nikkei 225 (Tokyo)
Hang Seng (Hong Kong)
Volume: 1 | Issue: 401| November 19, 2010
INDIA
The Indian market ended on a flat note on Thursday with the key indices managing slim gains at
the end of a fairly volatile trading session. The Sensex and Nifty spent most of the day gyrating
between gains and losses. Sentiment in India was partly affected by the recent selloff by the FIIs
and partly owing to the ongoing political tension over a few big scams, including the row over
2G spectrum allocation. The selling in India came despite food inflation falling sharply in the
latest reporting week and world markets recovering from recent reversals. The BSE Sensex gained
65 points to close at 19,930 and the NSE Nifty modestly added 10 points to close at 5,999.The
broader indices also ended in red, the BSE Mid-Cap index lost by 0.30% and BSE Small-Cap index
slipped 1.06%.
BSE market breadth was weak. Out of 3,085 stocks traded, 1,872 declined while 1,065 advanced.
GLOBAL MARKETS
U.S. stocks surged more than 1% Thursday as an early rally gained steam, following a strong
debut by General Motors' stock. Overnight talk that the Irish government was close to accepting
a bailout loan eased eurozone worries and sent global stocks soaring. That momentum spilled
over to U.S. markets. The Dow Jones industrial average 1.6%. The S&P rose 1.6%, and the Nasdaq
ticked up 1.5%
Asian Markets are trading on a mixed note. The Nikkei is up by 0.5% & the Hang Seng is down by
0.2%
JSW Severfield Structures (JSSL) a 50:50 joint venture (JV) between Mumbai-headquartered
JSW Steel and UK-based Severfield Reeve Structures plans to spend Rs. 200 crore for setting up
new specialty steel plants in West Bengal and the Delhi region in the next two years. These plants
will fabricate steel into special structures, which will cater to the need of construction and
infrastructure sectors.
Leading agri-food processing company Lakshmi Energy and Foods Limited (LEF) has said that it
`
0
5
10
15
20
25
5850
5900
5950
6000
6050
6100
6150
6200
6250
11-Nov 12-Nov 15-Nov 16-Nov 18-Nov
NSE Turnover Rs Cr('000) Nifty
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
19400
19600
19800
20000
20200
20400
20600
20800
11-Nov 12-Nov 15-Nov 16-Nov 18-Nov
BSE Turnover Rs Cr('000) Sensex
Volume: 1 | Issue: 401| November 19, 2010
INDIA
The Indian market ended on a flat note on Thursday with the key indices managing slim gains at
the end of a fairly volatile trading session. The Sensex and Nifty spent most of the day gyrating
between gains and losses. Sentiment in India was partly affected by the recent selloff by the FIIs
and partly owing to the ongoing political tension over a few big scams, including the row over
2G spectrum allocation. The selling in India came despite food inflation falling sharply in the
latest reporting week and world markets recovering from recent reversals. The BSE Sensex gained
65 points to close at 19,930 and the NSE Nifty modestly added 10 points to close at 5,999.The
broader indices also ended in red, the BSE Mid-Cap index lost by 0.30% and BSE Small-Cap index
slipped 1.06%.
BSE market breadth was weak. Out of 3,085 stocks traded, 1,872 declined while 1,065 advanced.
GLOBAL MARKETS
U.S. stocks surged more than 1% Thursday as an early rally gained steam, following a strong
debut by General Motors' stock. Overnight talk that the Irish government was close to accepting
a bailout loan eased eurozone worries and sent global stocks soaring. That momentum spilled
over to U.S. markets. The Dow Jones industrial average 1.6%. The S&P rose 1.6%, and the Nasdaq
ticked up 1.5%
Asian Markets are trading on a mixed note. The Nikkei is up by 0.5% & the Hang Seng is down by
0.2%
Disclaimer:This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for public
distribution and has been furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way unless you
obtain written consent from FSWA. While reasonable care to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other person or
entity associated with it. The document is prepared only for your information and is not sufficient for making an investment decision. You should rely on your own investigations and seek
professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from the use of this document or due to any inadvertent error in
the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice prior to making any investment
decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not guaranteed. Also past performance of an
investmentor fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes no liability or responsibility for investment
results or losses arising out of investment decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy any security or financial product. FSWA
JSW Severfield Structures (JSSL) a 50:50 joint venture (JV) between Mumbai-headquartered
JSW Steel and UK-based Severfield Reeve Structures plans to spend Rs. 200 crore for setting up
new specialty steel plants in West Bengal and the Delhi region in the next two years. These plants
will fabricate steel into special structures, which will cater to the need of construction and
infrastructure sectors.
Leading agri-food processing company Lakshmi Energy and Foods Limited (LEF) has said that it
plans to hive off its energy business by floating a wholly owned subsidiary company to unlock the
value of its green power business. Besides, the company has also set ambitious plans to emerge
as a strong player in basmati rice export by exploring new overseas markets to achieve Rs 500
crore of shipments in sync with its strategy to touch a Rs 1,500 crore total business mark by
September 2011.
The Defence Research and Development Organisation (DRDO) will be investing around Rs
1,000 crore on missile manufacturing augmentation and other two key programmes at its facility
here over the next five years.
Actuate Corporation, The people behind BIRT and the leading Open Source Business
Intelligence vendor, announced that it has formed a strategic alliance with Wipro Infotech, the
India, Middle East and Africa, IT Business of Wipro Ltd and a leading provider of IT and business
transformation services.
BIG CBS Networks is ensuring its relevant markets are carefully mapped for optimal reach at
launch as it closes yet another key distribution partnership with Hathway Cable and Datacom
Ltd.
US-based Amarillo Bio-sciences Inc (ABI) said Indian pharmaceutical major Zydus Cadila will be
marketing its dietary supplement Maxisal domestically and also in Nepal.
FMCG major Dabur India is betting big on its international business and plans to expand its
manufacturing capacity to cater to the growing markets besides readying a slew of products for
launch in new categories. Dabur, the fourth largest Indian FMCG firm with an annual turnover of
around Rs3,400 crore, aims to increase its foreign sales substantially to 25 per cent through both
inorganic and organic expansion going forward.

2. CORPORATE NEWS SECTOR 16-Nov 15-Nov % Change
Metal 16,891 16,577 1.89
Auto 10,123 9,984 1.40
Healthcare 6,676 6,612 0.97
Capital Goods 15,741 15,603 0.89
FMCG 3,622 3,603 0.53
Teck 3,672 3,653 0.53
IT 6,008 5,991 0.29
Power 3,045 3,047 (0.07)
Oil&Gas 10,499 10,510 (0.11)
PSU 9,829 9,865 (0.37)
Realty 3,300 3,326 (0.77)
Consumer Durables 6,620 6,715 (1.42)
Bankex 13,992 14,219 (1.60)
BSE Upper Circuit Breakers
Company Name 16-Nov 15-Nov % Change
60.6 50.5 20.00
137.5 114.6 20.00
125.0 119.1 5.00
0 161.9 154.2 5.00
179.9 171.4 5.00
BSE Lower Circuit Breakers
Asit C Mehta
Gujurat Hotels
Binny
Cimmco Birla
Fusion Fittings
Volume: 1 | Issue: 401| November 19, 2010
Sterlite Technologies Ltd has entered into a pact to form a joint venture company with China's
Jiangsu Tongguang Communication Co Ltd to produce optical fibers.
ONGC's oil output is expected to go up significantly in the current fiscal on the back of higher
reserves accretion after witnessing flat production growth over the past decade.
IL&FS Investment Managers informed that the company had acquired the shares of Saffron
Asset Advisors Private limited (SAAPL), an Indian entity, thereby making SAAPL a subsidiary of the
Company.
The Arunachal Pradesh Cooperative Apex Bank has earned a net profit of Rs 8.92 crore during
2009-10, as compared to Rs 3.19 crore in the previous year.
Water treatment player VA Tech Wabag Ltd said that it has signed a contract with Indian Oil
Corporation Ltd (IOCL) to set up an effluent treatment plant (ETP) at a cost of Rs 250 crore. The
contract with IOCL has been signed recently for setting up ETP facility at IOCL's Paradip refinery
besides a waterwater recycle plan.
The Oil and Natural Gas Corporation (ONGC), India’s largest state-run oil exploration company,
is investing Rs 500 crore on research and development in the areas of non-conventional energy
sources.
Sun Pharmaceutical Industries said that it had received approval from US health regulator to
market generic Clarinex tablets and Tiazac capsules, used in treating nasal allergies and
hypertension, respectively, in the American market.
After the success of the Coal India and PowerGrid issues, the government said Manganese Ore
India (MOIL) will come out with its IPO on November 26, while offers of oil majors ONGC and
IOC will hit markets in the last quarter of this fiscal.
IT major Patni Computer Systems said that it has secured a five year contract, worth more than
20 million pound (more than Rs 145 crore) with UK IT services provider, 2e2. BSE Lower Circuit Breakers
Company Name 16-Nov 15-Nov % Change
16.0 17.8 (10.00)
127.9 142.1 (10.00)
212.9 236.5 (10.00)
100.4 105.6 (5.00)
20.6 21.7 (5.00)
COMMODITY / CURRENCY NEWS COMMODITY 18-Nov 17-Nov % Change
Crude Oil (USD/bbl) 82.2 81.0 1.46
Gold (Rs/10gm) 20,036.0 19,987.0 0.25
Silver (Rs/kg) 40,668.0 39,185.0 3.78
CURRENCY 18-Nov 17-Nov % Change
INR / USD 45.32 45.31 0.02
USD / Euro 1.36 1.35 0.74
Yen / USD 83.55 83.30 0.30
Hittco Tools
Navkar Builders
VAS Infra
Neha International
Bedmutha Industries
Volume: 1 | Issue: 401| November 19, 2010
Light Sweet Crude Oil on Thursday closed up by 1.46% at $82.2 per barrel. Gold closed up by 0.25
% at Rs 20,036 and Silver closed up by 3.78 % at Rs. 40,668.
The Indian Rupee closed lower against the dollar at 45.32 as the Indian equity benchmarks ended
on a positive note.
Disclaimer:This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for public distribution and has been
furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way unless you obtain written consent from FSWA. While reasonable care
to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other person or entity associated with it. The document is prepared only for your information and is not sufficient
for making an investment decision. You should rely on your own investigations and seek professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from
the use of this document or due to any inadvertent error in the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice prior to
making any investment decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not guaranteed. Also past performance of an investment
or fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes no liability or responsibility for investment results or losses arising out of investment
decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy any security or financial product. FSWA reserves the right to modify or alter the terms and conditions of the use of this
service or discontinue, temporarily or permanently, the information and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall not be liable to you for any suspension, modification,
or termination of the information and services provided herein.
Sterlite Technologies Ltd has entered into a pact to form a joint venture company with China's
Jiangsu Tongguang Communication Co Ltd to produce optical fibers.
ONGC's oil output is expected to go up significantly in the current fiscal on the back of higher
reserves accretion after witnessing flat production growth over the past decade.
IL&FS Investment Managers informed that the company had acquired the shares of Saffron
Asset Advisors Private limited (SAAPL), an Indian entity, thereby making SAAPL a subsidiary of the
Company.
The Arunachal Pradesh Cooperative Apex Bank has earned a net profit of Rs 8.92 crore during
2009-10, as compared to Rs 3.19 crore in the previous year.
Water treatment player VA Tech Wabag Ltd said that it has signed a contract with Indian Oil
Corporation Ltd (IOCL) to set up an effluent treatment plant (ETP) at a cost of Rs 250 crore. The
contract with IOCL has been signed recently for setting up ETP facility at IOCL's Paradip refinery
besides a waterwater recycle plan.
The Oil and Natural Gas Corporation (ONGC), India’s largest state-run oil exploration company,
is investing Rs 500 crore on research and development in the areas of non-conventional energy
sources.
Sun Pharmaceutical Industries said that it had received approval from US health regulator to
market generic Clarinex tablets and Tiazac capsules, used in treating nasal allergies and
hypertension, respectively, in the American market.
After the success of the Coal India and PowerGrid issues, the government said Manganese Ore
India (MOIL) will come out with its IPO on November 26, while offers of oil majors ONGC and
IOC will hit markets in the last quarter of this fiscal.
IT major Patni Computer Systems said that it has secured a five year contract, worth more than
20 million pound (more than Rs 145 crore) with UK IT services provider, 2e2.
The contract will provide a range of support services for 2e2's end-user clients and the delivery of
in-house support services.
Bharti Airtel said that it will commercially launch 3G, or third-generation, services by the end of
next month.
Auto component maker Anand Group said that it will invest Rs 1,400 crore over the next four
years to expand its existing businesses with an aim to more than double its turnover to cross Rs
9,000 crore by 2014.
Delhi-based information technology (IT) services company HCL Technologies has signed its first
$100-million contract in the country for implementing smart grid solutions in the power sector.
Orient Green Power Company Limited (OGPL), a leading independent renewable energy-
based power generation company in India, announced its unaudited financial results for the
quarter ended September 30, 2010. Net Sales higher by 675% at Rs620.3 mn as compared to
Rs80mn in Q2FY10

3. ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
Core project 284.8 293.4 3.02
Hexaware 86.6 87.5 1.10
Aurobindo Pharma 1266.0 1276.3 0.82
Aditya Birla Nuvo 801.8 808.1 0.79
Chennai Petro 235.6 237.4 0.79
ACC 1041.7 1049.85 0.78
Powergrid 101.4 98.0 (3.40)
BEML 1100.5 1097.7 (0.25)
3Iinfotech 63.4 63.2 (0.24)
Kotak Bank 482.3 481.6 (0.15)
Glaxo 2277.2 2273.9 (0.14)
Ashok Leyland 76.2 76.1 (0.13)
INSTITUTIONAL ACTIVITY (Rs Cr) 08-Nov 05-Nov YTD
FII Cash Net 688 749 1,26,533
FII Stock Futures (152) 27 (17,218)
FII Index Futures (98) 61 (6,449)
Mutual Fund (382) 45 (28,724)
VALUATIONS P/E P/B DIV YLD
BSE 22.8 3.7 1.1
NSE 23.9 3.8 1.0
BSE500 Mcap/GDP Ratio 0.65
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Rs %
Hero Honda 1912.85 5.46 KGN Inds 223 9.8 Suashish Diam 227.25 11.45
Hindalco Inds 222.35 4.86 Bata India 387.55 6.11 Hindustan Dorr 134.25 9.46
Cipla 353.8 4.38 DEN NETWORK 229.25 5.31 Sujana Metal 43.75 8.7
Bharti Airtel 324.9 3.77 Bhushan Steel 498.3 4.33 Rain Commodities 187.3 7.83
MOVERS & SHAKERS
Name
Volume: 1 | Issue: 401| November 19, 2010
Snapping a declining trend in FDI inflows for three successive months, India
received foreign direct investment in India worth $2.11 billion in September, an
increase of about 40 per cent over that in the same month last year.FDI inflows so
far this year is worth $38 billion.
Government said invitation of bids for a 4,000 MW ultra mega power project in
Orissa would be deferred for the fourth time on environment issues.
India's annual food inflation eased for the fifth consecutive week in early
November, probably due to new crop arrivals in the market, lending support to
expectations that the central bank would hold rates steady in the near term. The food
price index in the year to November 6 rose 10.30 per cent, compared with 12.30 per
cent in the previous week, as prices of rice, milk, vegetables and pulses eased.
A free trade agreement between India and Canada would boost bilateral trade by
50 per cent and increase the two-way merchandise trade to $15 billion over the
next five years.
Driven by a surge in garlic, ginger and chilli shipments from the country, India’s
spice export jumped over 8.11 per cent to 2.73 lakh tonnes in the first six months of
the current fiscal. The total shipment of spices in the corresponding period of the
last fiscal was around 2.5 3 lakh tonnes.
Bharti Airtel 324.9 3.77 Bhushan Steel 498.3 4.33 Rain Commodities 187.3 7.83
Tata Steel 623.4 2.98 Gujarat Mnrl 145.85 4.07 Everron Education 699.9 7.14
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Rs %
Reliance Comm 153.9 -4.88 MVL 30.95 -7.2 Splash Media 75.35 -10.4
ICICI Bank 1164.65 -3.14 Indiabulls Fin 202.85 -6.63 Himachal Futur 13.07 -9.86
Jindal Steel 660.4 -1.73 Kwality Dairy 101 -5.78 JVL Agro Inds 31.85 -8.35
Tata Power 1328.1 -1.18 Cholamandalam Inv 177.6 -4.23 New Infra 28.05 -8.03
ONGC 1277.7 -1.17 Ruchi Soya 121.55 -4.22 Coral Hub 6.49 -7.94
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
SEL Manufacturing Company Trans Financial Resources BUY 1.25% 36.1
Delta Corp Limited Crosseas Capital Services BUY 1.55% 130.2
Hindustan Org Chem Ltd Jmp Securities BUY 10.85% 56.5
Subex Limited Suresh Kanmal Jajoo SELL 1.36% 86.5
BS TransComm Limited Crosseas Capital Services Pvt. Ltd. SELL 0.88% 205.6
Confidence Petro Jaroli Vincom BUY 2.12% 23.1
Bilpower Gulshan Investment Company BUY 1.15% 181.6
Asian Tea Asian Capital Market Limited BUY 0.85% 30.5
Ballarpur Inds Neha Khandelwal SELL 0.91% 39.4
Black Rose Inds Halan Finance & Investment SELL 1.35% 16.84
Name
BSE
BULK DEALS
NSE
Volume: 1 | Issue: 401| November 19, 2010
Disclaimer: This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for
public distribution and has been furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way
unless you obtain written consent from FSWA. While reasonable care to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other
person or entity associated with it. The document is prepared only for your information and is not sufficient for making an investment decision. You should rely on your own
investigations and seek professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from the use of this document or
due to any inadvertent error in the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice
prior to making any investment decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not
guaranteed. Also past performance of an investment or fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes
no liability or responsibility for investment results or losses arising out of investment decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy
any security or financial product. FSWA reserves the right to modify or alter the terms and conditions of the use of this service or discontinue, temporarily or permanently, the information
and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall not be liable to you for any suspension, modification, or termination of the information
Snapping a declining trend in FDI inflows for three successive months, India
received foreign direct investment in India worth $2.11 billion in September, an
increase of about 40 per cent over that in the same month last year.FDI inflows so
far this year is worth $38 billion.
Government said invitation of bids for a 4,000 MW ultra mega power project in
Orissa would be deferred for the fourth time on environment issues.
India's annual food inflation eased for the fifth consecutive week in early
November, probably due to new crop arrivals in the market, lending support to
expectations that the central bank would hold rates steady in the near term. The food
price index in the year to November 6 rose 10.30 per cent, compared with 12.30 per
cent in the previous week, as prices of rice, milk, vegetables and pulses eased.
A free trade agreement between India and Canada would boost bilateral trade by
50 per cent and increase the two-way merchandise trade to $15 billion over the
next five years.
Driven by a surge in garlic, ginger and chilli shipments from the country, India’s
spice export jumped over 8.11 per cent to 2.73 lakh tonnes in the first six months of
the current fiscal. The total shipment of spices in the corresponding period of the
last fiscal was around 2.5 3 lakh tonnes.