1. Volume: 1 | Issue: 409| December 2, 2010
COMMENTARY INDIAN MARKET 01-Dec 30-Nov % Change
INDIA BSE Sensex 19,850 19,521 1.68
After a fairly dismal November, the bulls had something to smile about yesterday as they kicked NSE Nifty 5,961 5,863 1.67
off December in style..! The Indian markets ended the day with significant gains with the NSE BSE Midcap 7,984 7,764 2.83
Nifty regaining the 5950 mark. The Sensex finished within striking distance from 20,000.This was BSE Smallcap 10,051 9,745 3.14
the third straight pull back for the Indian stock indices. The Sensex ended on Wednesday with a Nifty Junior 12,637 12,339 2.42
steep rise of over 300 points on sustained buying by funds and retail investors, buoyed by CNX Midcap 9,129 8,908 2.49
improved domestic economic growth and robust sales by auto companies in November. The
Sensex was up 1.68 % at 19,850 and the Nifty was up 1.67 % at 5,961, while the BSE Small-Cap
index and the BSE Mid-Cap index wereup by 3% and 2.8% . GLOBAL MARKETS 01-Dec 30-Nov % Change
Dow Jones Ind (USA) 11,256 11,006 2.27
The market breadth on the BSE was positive with 2,390 shares rising and 547shares falling. Nasdaq Composite(USA) 2,549 2,499 2.01
S&P 500 (USA) 1,206 1,181 2.16
GLOBAL MARKETS FTSE 100 (UK) 5,643 5,528 2.07
Stocks surged over 2% Wednesday as signs of economic strength in the United States and China DAX (Germany) 6,867 6,688 2.67
tempered worries about the European debt crisis. The Dow Jones soared 249 points, or 2.3%, to Nikkei 225 (Tokyo) 9,988 9,937 0.51
close at 11,256. The S&P 500 jumped 25 points, or 2.2%, to 1,206. The Nasdaq added 51 points, or
Hang Seng (Hong Kong) 23,250 23,008 1.05
2%, to 2,549. Stocks opened sharply higher Wednesday as investors cheered a batch of upbeat
Shanghai Comp (China) 2,824 2,820 0.13
economic reports, including a strong gain in private-sector payrolls and better-than-expected
KOSPI (South Korea) 1,929 1,904 1.33
auto sales.
STI (Singapore) 3,182 3,145 1.18
Asian markets are trading in the green with the Nikkei up by 1.3% & the Hang Seng up by 1.8% MSCI Emerging Market 574 573 0.06
MSCI Frontier Market 416 408 2.02
CORPORATE/ ECONOMY NEWS BOND MARKETS 01-Dec 30-Nov Change
Mirroring their faith on the Indian economy, overseas funds have infused a staggering $4.78 10yr G-Sec Yield 8.02 8.00 0.02
billion in the capital market in November, taking the year-to-date total to $39 billion. With an 1yr G-Sec Yield 7.27 7.20 0.07
investment of $4.78 billion in November, the total inflows of foreign institutional investors LIBOR (6m) 0.45 0.45 0.00
(FIIs) so far in 2010 have crossed record $38.76 billion-mark. LIBOR (1m) 0.26 0.26 0.00
Interbank Call rate 6.3 6.5 (0.16)
The initial public offering (IPO) of MOIL Ltd is subscribed by 54.61 times the QIB portion
was subscribed 49.16 times, while the Non Institutional (HNI) portion was subscribed 8.77
times and retail portion was subscribed 10.86 times. BSE Turnover Rs Cr('000) Sensex
20000 7.0
Great Offshore said that it has bagged a multi-million contract with Gujarat State Petroleum 19800 6.0
Corp (GSPC) for deployment of its 2007 built state of the art Anchor Handling Tug Supply Vessel 19600 5.0
(AHTSV).The AHTSV, 'Malaviya Twenty Three', is being deployed in the KG basin at East coast of 19400 4.0
India. 19200 3.0
19000 2.0
Shipping Corporation of India (SCI), is in the process of acquiring 46 vessels, will help it increase
its cargo handling capacity to 7.5 million Dwt from 5.5 million now. 18800 1.0
18600 0.0
Welspun India is planning to invest Rs 600-700 crore for the new arena of technical textiles and is 25-Nov 26-Nov 29-Nov 30-Nov 1-Dec
waiting for the government's Technology Upgradation Fund (TUF) scheme, which is expected to
be revived soon.
Essar Steel said output from its steel plant here will be progressively increased to 10 million NSE Turnover Rs Cr('000) Nifty
tonnes by March, 2012, following the completion of ongoing expansion projects worth Rs 21,700 6000 30
crore. In addition, the design capacity of Essar's pellet-making plant in Orissa is being increased to 5950 25
ensure adequate supply of input material for the Hazira steel unit. 5900
5850 20
5800 15
Ravin Cables said that Italy-based Prysmian Cables and Systems has picked up 51 per cent stake 5750
for about Rs 200 crore to tap the growth potential of India. 10
5700
5650 5
State-owned Coal India Ltd (CIL) said it would float the tender to extract coal from its 18 5600 0
abandoned coal mines, next month. 25-Nov 26-Nov 29-Nov 30-Nov 1-Dec
Mobile handset maker Spice Mobility has acquired Malaysia-based Beoworld through its
subsidiary Spice Digital. Beoworld, a value added services company will help Spice promote and
monetise third party application and content for mobile devices. `
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
2. Volume: 1 | Issue: 409| December 2, 2010
CORPORATE NEWS SECTOR 01-Dec 30-Nov % Change
Ambuja Cement production and dispatch figures for the month of November 2010 are as Metal 16,156 15,626 3.39
follows: For November 2010 Cement production is 14.37mn tons compared to 15.12mn tons in PSU 9,587 9,291 3.18
November 2009. Cement dispatches for November 2010 is 14.16mn tons compared to 15.50mn Realty 3,016 2,925 3.11
tons in the same period last year. Bankex 14,022 13,619 2.96
Capital Goods 15,489 15,055 2.88
DCW Ltd has entered into a Technical License Agreement with Arkema, France, Europe's leading Auto 10,292 10,100 1.90
producer of Vinyl Products. DCW intends to set up a state of art Chlorinated Polyvinyl Chloride Consumer Durables 6,538 6,434 1.61
Resin (CPVC Resin) Plant with ARKEMA's licensed technology to manufacture 10000 TPA of CPVC Power 2,938 2,891 1.61
Resin & 12000 TPA of CPVC Compound at its Sahupuram Complex in Tamil Nadu. Healthcare 6,684 6,583 1.53
Oil&Gas 10,211 10,062 1.48
Mahindra & Mahindra Ltd, , recently announced the company approved CNG kit for its family FMCG 3,589 3,583 0.18
sedan, the Mahindra Logan. IT 6,101 6,094 0.11
Teck 3,724 3,725 (0.03)
Drug firm Strides Arcolab said it has received approval from the US health regulator for
Midazolam Hydrochloride injection used for induction of general anaesthesia.
Auto major Tata Motors said it has tied up with the United Bank of India to provide financing
schemes on its commercial vehicles.
BSE Upper Circuit Breakers
Engineering major BHEL has bagged a Rs 2,665-crore order for supply and installation of a 2x600-
Company Name 01-Dec 30-Nov % Change
MW thermal power plant in Raigarh in Chattisgarh.
Syncom Healthcare 49.9 41.6 20.00
Videocon Industries expects to add one million direct-to-home (DTH) subscribers in the next Trimurthi Drugs 47.8 39.8 20.00
three months. Cimmo Birla 193.7 184.5 5.00
0 Polyplex 709.9 676.1 5.00
Tata Motors, one of India's major auto manufacturing companies registered November total Modi Rubber 55.1 52.5 5.00
vehicle sales of 54,662 units, up 1 per cent as against 54,108 units in November last year.
Dabur announced its entry into the vitamins, minerals and supplements category, with the
launch of Dabur NUTRiGO – daily health supplement with offerings for men and women.
State-run Coal India said it is in advanced talks to buy 10 per cent stake in the US-based Peabody BSE Lower Circuit Breakers
Energy Corp's asset in Australia. Company Name 01-Dec 30-Nov % Change
Money Matters 294.5 309.9 (5.00)
India's largest car maker, Maruti Suzuki India Limited sold 1.12 lakh units in the month of Mansi Finance 36.9 38.8 (5.00)
November, up 27.55 per cent against 87,807 units in same period last year. Binny 187.0 196.8 (5.00)
BGIL Films 10.1 10.7 (5.00)
Country's largest power producer NTPC has tied up with a Singapore-based bank for a $300 Sampada Chemicals 394.7 415.4 (5.00)
million loan for funding its financial plans in this fiscal.
TVS Motor Co said that its total sales for November rose 29 per cent to 157,041 units. Total two-
wheeler sales for the month stood at 153,882 units from 120,844 units a year ago.
Public sector lender Central Bank of India is planning to come out with a Rs 2,500 crore rights
issue in the January-March quarter this fiscal.
State-owned Rashtriya Chemicals and Fertilisers (RCF) said that its turnover is likely to go up
by over 11 per cent to over Rs 6,500 crore in the current fiscal on increased production and sales.
COMMODITY / CURRENCY NEWS COMMODITY 01-Dec 30-Nov % Change
Crude Oil (USD/bbl) 86.6 84.0 3.11
Gold (Rs/10gm) 20,415.0 20,510.0 (0.46)
Crude oil closed up by 3.11% at $86.6 per barrel. Gold closed down by 0.46% at Rs 20,415 and
Silver (Rs/kg) 42,846.0 42,841.0 0.01
Silver closed up by 0.01 % at Rs. 42,84.
The Indian Rupee closed higher against the dollar at 45.37 as the Indian equity benchmarks ended CURRENCY 01-Dec 30-Nov % Change
on a positive note. INR / USD 45.37 45.88 (1.11)
USD / Euro 1.31 1.30 0.92
Yen / USD 83.74 83.62 0.14
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.
3. Volume: 1 | Issue: 409| December 2, 2010
ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
India’s manufacturing output accelerated in November from the previous month, Core Project 261.3 265.1 1.45
with a key private sector gauge touching its highest level since May this year. Oil 1407.9 1423.95 1.14
India's Purchasing Managers’ Index (PMI) for manufacturing stood at 58.4 in GTL Infra 44.0 44.5 1.14
November from 57.2 in October, according to HSBC Holdings Plc and Market Pantaloon Retail 397.3 401.55 1.08
Economics. Ispat Industries 18.7 18.85 1.07
Apollo Tyre 67.5 68.2 1.04
The market-size for the Active Pharmaceutical Ingredients (APIs) is expanding SCI 144.3 142.8 (1.04)
rapidly and India in all likelihood may double its exports within a couple of years. BGR energy 737.8 734.1 (0.50)
By 2013-14 the Indian API market will be about $18 billion and the world market GAIL 495.3 492.9 (0.48)
would be $53 billion. At the same time, Indian exports would have been increased
PNB 1250.5 1244.9 (0.44)
up to $12 billion which is more than double the current size.
ONGC 1286.3 1282.6 (0.29)
India's merchandise exports rose by 21.3 per cent to $18 billion in October over the Essar Oil 131.3 131.0 (0.27)
year- ago period, boosting hopes that the country may be able to reach the $200
billion target fixed for the current fiscal. Imports during the period grew by 6.8 per INSTITUTIONAL ACTIVITY (Rs Cr) 16-Nov 15-Nov YTD
cent to $27.68 billion, leaving a trade deficit of $9.72 billion. FII Cash Net (17) (17) 1,26,561
FII Stock Futures 386 150 (17,597)
Natural rubber production declined by 5.4 per cent to 88,500 tonnes in November FII Index Futures 301 (682) (10,584)
compared with 93,500 tonnes in the year-ago period due to heavy rains in the key Mutual Fund (108) (77) (29,806)
producing region.
VALUATIONS P/E P/B DIV YLD
BSE 22.7 3.7 1.1
NSE 23.8 3.8 1.1
BSE500 Mcap/GDP Ratio 0.64
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Cipla 365.35 6.3 Kalpataru Power 174.25 13.81 Cals Ref 0.45 18.42
Tata Steel 613.65 5.04 HMT 68.8 11.15 Hitachi Home 227.15 13.83
Mahindra & Mahindra 801 4.53 Punj Lloyd 108.4 10.05 JINDALCOTEX 143.6 13.83
Tata Motors 1288.15 4.13 Bhushan Steel 473.65 9.43 Shasun Chem 71.4 13.69
L&T 2028.55 4.04 IVRCL Infra 130.85 9.31 Provogue India 65.55 13.31
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Bharti Airtel 351.35 -2.51 Shree Ashtavina 23.85 -9.83 Bheema Cem 82.6 -9.97
Hero Honda 1928.4 -2.28 Money Matters 294.45 -4.99 Sagar Cements 117.2 -6.39
Wipro 414.55 -1.34 Rajesh Exports 118.3 -4.75 Nirlon 59.9 -5.22
Maruti Suzuki 1412.8 -0.77 Himadri Chem 50.45 -2.7 Urja Glob 117.4 -4.98
Hindustan Unilever 297.2 -0.57 Procter & Gamble 1858 -2.65 Koutons Retl 57.6 -4.95
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
SEL Manufacturing Company Trans Financial Resources BUY 1.25% 27.7
Delta Corp Limited Crosseas Capital Services BUY 1.55% 120.3
Hindustan Org Chem Ltd Jmp Securities BUY 1.54% 56.5
Subex Limited Suresh Kanmal Jajoo SELL 1.33% 82.0
BS TransComm Limited Crosseas Capital Services Pvt. Ltd. SELL 0.88% 185.5
BSE
Confidence Petro Jaroli Vincom BUY 1.25% 21.1
Bilpower Gulshan Investment Company BUY 0.85% 180.2
Asian Tea Asian Capital Market Limited BUY 0.97% 30.2
Ballarpur Inds Neha Khandelwal SELL 0.91% 35.5
Black Rose Inds Halan Finance & Investment SELL 1.35% 16.52
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