The key Indian equity indices closed higher for a second day in a row, with the BSE Sensex up 0.57% and the NSE Nifty up 0.58%. Global markets fell, with the S&P 500 down 2.3% and manufacturing data fueling concerns about slowing global economic growth. Domestically, mixed economic data strengthened beliefs the RBI may not take an aggressive monetary policy stance. Corporate news included Godrej acquiring a hair care company, Lupin partnering on cell line technology, and Maruti reporting a sales increase.

1. June 2, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 01-Jun 31-May % Change COMMENTARY
BSE Sensex 18,609 18,503 0.57 INDIA
NSE Nifty 5,592 5,560 0.58
BSE Midcap 6,967 6,911 0.82 The key Indian equity indices closed higher for a second day in a row on Wednesday, as mixed economic
BSE Smallcap 8,308 8,236 0.87 reports strengthened the belief that the RBI may not take an aggressive stance on monetary policy going
Nifty Junior 11,496 11,444 0.46 forward. The Indian stocks had rallied on Monday after Q4 GDP came in below estimates, stoking speculation
CNX Midcap 8,103 8,065 0.47 that the central bank could turn less hawkish to avert a further drop in economic momentum. The Indian
market seemed to be in a different mood altogether yesterday despite a muted Asian markets and indecisive
trend in the European stocks. In fact, the global economic landscape doesn't look all that rosy amid
GLOBAL MARKETS 01-Jun 31-May % Change deceleration in the manufacturing sector from Australia to Europe. Still, the Indian market beat the tepidness
in the overseas markets to close up for the fourth time in the past five sessions. The BSE Sensex finished at
Dow Jones Ind (USA) 12,290 12,570 (2.23)
18,609, up 0.6% over the previous close. The NSE Nifty closed at 5,592, up 32 points or 0.6% from the last
Nasdaq Composite(USA) 2,769 2,835 (2.34) close. The BSE Small-Cap and BSE Mid-Cap indices gained 0.8% each.
S&P 500 (USA) 1,315 1,346 (2.30) Market breadth was favourable with nearly 1,800 shares rising and 1,000 shares falling on the BSE.
FTSE 100 (UK) 5,929 5,990 (1.03)
DAX (Germany) 7,217 7,294 (1.05) GLOBAL MARKETS
Nikkei 225 (Tokyo) 9,720 9,694 0.26
Hang Seng (Hong Kong) 23,626 23,684 (0.24) Stocks sank, dragging the Standard & Poor’s 500 Index to its worst loss since August, and Treasuries rallied as
Shanghai Comp (China) 2,744 2,744 0.00 slower growth in jobs and manufacturing fueled concern the economy is faltering. The Dollar Index erased
KOSPI (South Korea) 2,141 2,142 (0.05) losses, and commodities fell. U.S. manufacturing expanded at the weakest pace in more than a year and
STI (Singapore) 3,172 3,160 0.38 employers hired fewer workers than forecast, fueling concern the global economic recovery will slow. The
S&P 500 plunged 2.3 percent, DJI and Nasdaq also dropped down by 2.23 percent.
MSCI Emerging Market 447 440 1.59
Asian stocks dropped for the first time in three days after U.S. manufacturing expanded at the weakest pace
MSCI Frontier Market 550 546 0.73 in more than a year and employers hired fewer workers than forecast, fueling concern the global economic
recovery will slow. Nikkei and Hang Seng have opened up in both down by 1.50%.
BOND MARKETS 01-Jun 31-May Change
10yr G-Sec Yield 8.32 8.41 (0.09) CORPORATE/ ECONOMY NEWS
1yr G-Sec Yield 8.29 8.29 0.00 Geoffrey Beene, LLC has licensed Arvind Retail Ltd. to manufacture and market its men’s apparel and
LIBOR (6m) 0.46 0.46 0.00 non apparel products. Under the agreement, Arvind, a vertically integrated company based in
LIBOR (1m) 0.26 0.25 0.01 Bangalore, India, will have the rights to produce and market Geoffrey Beene products for its own retail
Interbank Call rate 7.29 7.33 (0.04) format, Megamart stores, including franchisee operated Megamart branded stores, as well as wholesale in
India.
Mahindra & Mahindra Ltd. (M&M), a part of the US$11.1bn Mahindra Group, on Wednesday announced a
BSE Turnover Rs Cr('000) Sensex
20% rise in its auto sales numbers, which stood at 34,323 units during May 2011 as against 28,488 units
18700 4.0 during May 2010. The company’s domestic sales stood at 32,159 units during May 2011, as against 27,038
18600 3.5 units during May 2010, an increase of 19%.
18500
18400 3.0
Subex Limited, a leading global provider of Operations and Business Support Systems (OSS/BSS) for CSPs
18300 2.5 (Communications Service Providers), announced that it has won more than 25 deals for its industry
18200 2.0 leading Revenue Operations Centre (ROC) for Fraud Management and Revenue Assurance for FY11. Many
18100 1.5
18000 of the deals were multi-network, multi-million dollar Managed Service contracts spanning 2-3 years.
1.0
17900
17800 0.5 Adani Enterprises Ltd is reportedly said to sell up to 20% stake in a unit and use the proceeds to add
17700 0.0 energy assets.
26-May 27-May 30-May 31-May 1-Jun
Auto major Tata Motors have reported a 10% increase in total sales in May to 62,296 units from 56,775
units in the same month last year.In May, the homegrown firm registered a 9% decline in passenger vehicle
sales in the domestic market to 19,401 units from 21,324 units in the same period last year,
5650 NSE Turnover Rs Cr('000) Nifty 18 Claris Lifesciences Limited (Claris) announced that it has received an in-principle approval for its block
5600 16 buster drug; Propofol; in the European Union (EU). This will allow the company to process the registration
14 across 25 countries in the EU.
5550 12
88.38 #DIV/0!
5500 10 Lupin Ltd has announced strategic arrangement with Sydney based private speciality life science
5450 8 Company NeuClone Pty Ltd for Cell line Technology.
5400 6
4
5350 2 Chinese telecom vendor Huawei has bagged an about $400 million order from Bharti airtel for
5300 0 modernising and expanding its 2G and 3G network infrastructure in African countries.
26-May 27-May 30-May 31-May 1-Jun

2. June2, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 01-Jun 31-May % Change CORPORATE NEWS
CG 13,273 13,092 1.38% Honeywell has announced that its industrial automation business, Honeywell Process
TECk 3,662 3,624 1.06% Solutions (HPS), has been highly successful in diversifying from its core offerings and
PSU 8,665 8,582 0.96% today commands a leadership position in many of the sectors it operates in.
POWER 2,580 2,556 0.96%
IT 6,046 5,994 0.87% Petronet LNG to get 2.5 million tons of LNG per annum from Russia's Gazprom for up to
FMCG 3,875 3,858 0.44% 25 years.
METAL 15,446 15,411 0.22%
BANKEX 12,570 12,543 0.22% FMCG major Godrej Consumer Products (GCPL) has acquired 51% stake in Darling
Group, a pan-African hair care company.
AUTO 8,940 8,933 0.08%
OIL&GAS 9,582 9,594 -0.13% Reliance Mediaworks Ltd has said that the Board of Directors of the Company at its
REALTY 2,172 2,178 -0.28% meeting held on May 28, 2011, approved as under: Raising an amount not exceeding Rs.
HC 6,370 6,393 -0.36% 500 crore by way of Rights Offer of Equity Shares to the Company's Shareholders, subject
CD 6,512 6,549 -0.56% to necessary sanctions, approvals and applicable provisions of law.
Techno Forge Ltd has received the single order of Rs. 550 laks from L&T for the
manufacture of critical component in power generation filed.
Reliance Industries (RIL) has asked the Oil Ministry to review the prioritisation worked
out while imposing cuts on KG-D6 gas supplies to non-core users.
BSE Upper Circuit Breakers
Company Name 01-Jun 31-May % Change Consumer goods maker Jyothy Laboratories is close to raising about Rs 700 crore from
Clutch Auto-$ 56.4 47.0 20.00 private equity funds, with a deal likely to be announced in 6-8 weeks.
Vimta Labs-$ 34.2 28.5 20.00
Ajanta Soya 10.9 9.9 10.00 ABG Shipyard Ltd expects its FY12 sales to grow about 30% led by a buoyant offshore
Arms Paper 8.4 7.6 10.00 segment and plans to bring down its debt by around Rs 400 crore.
0
PRABHAV INDUSTRIES 102.9 98.0 5.00
The country's largest private power producer Tata Power have said it has issued
debentures worth Rs 1,500 crore with a view to secure long-term funding for its projects.
Electrical components maker Havells India plans to invest Rs 70- Rs 80 crore over the
next two-three years in marketing, research and development of its new home
appliances product line.
BSE Lower Circuit Breakers
Company Name 01-Jun 31-May % Change The country's largest car-maker Maruti Suzuki India have reported a 1.9% increase in
Unimers India 10.7 11.2 (5.00) total sales for May to 1,04,073 units from 1,02,175 units in the same month last year.In
VAARAD 114.2 120.2 (5.00) May, 2011, the national capital-based firm reported an increase of 3.9% in sales in the
(5.00) domestic market to 93,519 units from 90,041 units in May, 2010, Maruti Suzuki India (MSI)
Ahlcon Par 61.1 64.3
said in a statement.
Aimco Pest 8.0 8.4 (5.00)
Bharat Rasayan 119.3 125.5 (5.00) Reliance Capital Trustee Company, a subsidiary of Anil Dhirubhai Ambani Group's
Reliance Capital, reported that they have increased its stake in power infrastructure
builder KEC International to 5.10% for over Rs 6.86 crore.
Titan Industries said that its wholly-owned subsidiary Titan Properties is proposing a
merger with the holding company for which it will seek court approval.
Cement manufacturer Ambuja Cements said that its production in May stood at 17.36
lakh tonne, as against 19.04 lakh tonne in the year-ago period.
COMMODITY 01-Jun 31-May % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 116 117 (0.46)
Gold (Rs/10gm) 22,470 22,496 (0.12) Brent Crude Oil closed flat at $116 per barrel. Gold closed flat Rs 22,470 and silver closed
flat Rs 57,441.
Silver (Rs/kg) 57,441 57,594 (0.27)
CURRENCY 01-Jun 31-May % Change The Indian Rupee closed higher by 0.47% against the dollar at Rs 44.84 as the Indian
INR / USD 44.84 45.05 (0.47) equity benchmarks ended on a positive note.
USD / Euro 1.44 1.44 0.07
Yen / USD 81.30 81.58 (0.34)

3. June 2, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
STRTECH 56.3 57.0 1.33
The final euro-zone manufacturing PMI, compiled by the London-based data provider
GESHIP 287.6 290.9 1.15
Markit, fell to 54.6 for last month from 58 in April. The initial estimate for May had been
GVKPIL 23.1 23.3 1.08 54.8.
IVRCLINFRA 72.2 73.0 1.04
MOSERBAER 41.8 42.2 0.96 Australia’s economy contracted the most in two decades in the first quarter mainly on
RUCHISOYA 100.3 101.2 0.95 the back of production disruptions caused by unprecedented floods and cyclone.First-
BAJAJHLDNG 767.0 737.0 (3.91) quarter GDP shrank by 1.2% from the previous three months, when it rose by a revised
UNIONBANK 328.0 316.0 (3.66) 0.8%, a Bureau of Statistics report released in Sydney today showed.That was the
ANDHRABANK 144.1 139.9 (2.88) biggest drop since Australia’s last recession in 1991 and compared with the median
VIJAYABANK 74.2 72.1 (2.83) forecast of a 1.1% decline.
PNB 1100.0 1,070.4 (2.70)
India's exports in April rose an annual 34% to $23.8 billion, while imports for the month
SYNDIBANK 117.8 114.9 (2.46)
rose 14% on the year to $32.8 billion, government data released on Wednesday
showed.India's trade deficit in April was at $9 billion, while its oil imports rose 7.7% to
INSTITUTIONAL ACTIVITY (Rs Cr) 24-May 23-May YTD $10.2 billion. India's exports grew a record 37.6% in the 2010-11 fiscal year that ended
FII Cash Net 35 (138) 1,151 in March, as demand soared for engineering goods, oil products and gems
FII Stock Futures 82 (120) (1,638) manufactured in Asia's third-largest economy.
FII Index Futures 85 (817) (5,710)
Mutual Fund (65) (89) 1,197 Multinational retailers such as Walmart, Carrefour, Tesco may soon be allowed to open
stores in India subject to stringent investment norms, sourcing conditions, and cap on
VALUATIONS P/E P/B DIV YLD the number of outlets in big cities.
BSE 19.8 3.6 1.1
NSE 19.9 3.6 1.1
BSE500 Mcap/GDP Ratio 0.59
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Reliance Comm 93.70 4.81 Sterling Intl-$ 354.7 15.33 Cambridge Sol 6.3 19.97
NTPC 174.75 3.43 Monsanto India 1890.0 10.97 Confidence Petro 2.6 15.50
L&T 1682.35 2.33 KS Oils-$ 27.1 7.77 Ashapura Mine 3.0 14.89
Bharti Airtel 381.45 1.95 Tata Invest 522.4 6.44 SE Investments 2.0 14.32
Reliance Infra 579.60 1.81 Vijaya Bank 74.2 5.40 Voltamp Trans 71.6 14.10
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Tata Motors 1079.5 -1.2 BEML 612.2 -6.68 Accentia Tech-$ 75.15 -6.53
Tata Steel 582.2 -1.17 Punj Lloyd 64.8 -4.99 Chemplast Sanmar 7.10 -5.46
DLF 236.4 -0.9 Gujarat Pipavav 66.8 -4.64 RM MOHITE 87.55 -4.99
RIL 946.8 -0.53 Marico 143.9 -3.68 VAARAD 114.15 -4.99
Bajaj Auto 1338.6 0.43 Sintex Inds 186.6 -3.14 Nouveau Multi 8.32 -4.91
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Paramount Printpack Ltd Crosseas Capital Services Pvt. Ltd. BUY 0.71% 27.1
Prithvi Information Solut Rajat Gandhi BUY 0.84% 37.4
Ramco Industries Ltd Ramasubrahmaneya Rajha Ramasamy Rajha Poosapadi BUY 0.15% 43.9
Neha International Ltd A3N Holdings SELL 0.58% 161.5
Shalimar Paints Ltd R.M. Share Trading Pvt Ltd SELL 2.29% 498.4
BSE
Asahi Infra Indravarun Trade Impex Pvt Ltd BUY 0.71% 10.9
Paramount Print Crosseas Capital Services Private Limited BUY 2.87% 27.6
SCOPE IND Lakshmanarao Kondaveti BUY 0.75% 63.2
Tata Coffee A K G Securities And Consultancy Ltd SELL 2.01% 820.3
Micro Forge Rekha Garg SELL 1.29% 2.2