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1. COMMENTARY INDIAN MARKET 02-Nov 01-Nov % Change
BSE Sensex 20,346 20,356 (0.05)
NSE Nifty 6,119 6,118 0.02
BSE Midcap 8,481 8,443 0.45
BSE Smallcap 10,736 10,727 0.08
Nifty Junior 13,308 13,208 0.76
CNX Midcap 9,561 9,497 0.67
GLOBAL MARKETS 02-Nov 01-Nov % Change
Dow Jones Ind (USA) 11,189 11,125 0.58
Nasdaq Composite(USA) 2,534 2,504 1.20
S&P 500 (USA) 1,194 1,184 0.84
FTSE 100 (UK) 5,757 5,694 1.11
DAX (Germany) 6,654 6,605 0.74
9,160 9,155 0.06
23,671 23,653 0.08
Shanghai Comp (China) 3,045 3,054 (0.28)
KOSPI (South Korea) 1,918 1,915 0.17
STI (Singapore) 3,205 3,192 0.42
MSCI Emerging Market 426 425 0.31
MSCI Frontier Market 581 578 0.60
CORPORATE/ ECONOMY NEWS BOND MARKETS 02-Nov 01-Nov Change
10yr G-Sec Yield 8.09 8.09 0.00
1yr G-Sec Yield 7.08 7.08 0.00
LIBOR (6m) 0.46 0.45 0.01
LIBOR (1m) 0.26 0.25 0.01
Interbank Call rate 7.2 8.3 (1.15)
Nikkei 225 (Tokyo)
Hang Seng (Hong Kong)
Volume: 1 | Issue: 391| November 3, 2010
INDIA
The key Indian stock indices ended almost unchanged at the end of a choppy session. The market
opened with a positive bias and managed to recover for a brief period post the RBI rate hike
which was on expected lines. However, the indices retreated from day's high and turned volatile
before closing flat. Realty shares were the biggest loser today after the RBI announced a trio of
measures to check spiralling property prices and pre-empt any possible asset bubble in the
sector. The BSE Sensex ended almost flat and close at 20,346. The NSE Nifty ended flat close at
6,119. The broader indices ended with modest gains, the BSE Mid-Cap index ended higher by
0.4% and BSE Small-Cap index added 0.2%.
The market breath was negative out of 3101 stocks 1386 advanced ,1596 declined and 119
remained unchanged.
GLOBAL MARKETS
After an initial boost at the market's open, stocks held steady throughout the day as investors sat
on their hands to wait for the outcome of two major events: the mid-term elections and a two-
day Fed meeting. The Dow Jones closed ahead by or 0.6%, with 23 of its 30 components rising.
The S&P 500 rose 9 points, or 0.8%, and the Nasdaq climbed 29 points, or 1.2%.
Asian markets are trading on a positive note. The ASX is up by 0.2% & the Hang Seng is up by
0.3%. The Nikkei is closed today.
ONGC plans to invest over USD 10 billion in bringing to production gas discoveries off the east
coast. ONGC is aiming to develop finds in Krishna Godavari basin through four different projects.
However, the major push will come from development of finds in and around block KG-DWN-
98/2, which sits next to Reliance Industries' giant KG-D6 block.
Kansai Nerolac Paints is planning to increase product prices across segments in an effort to
counter mounting raw material costs, a top official said.
`
0
5
10
15
20
25
30
5900
5950
6000
6050
6100
6150
27-Oct 28-Oct 29-Oct 1-Nov 2-Nov
NSE Turnover Rs Cr('000) Nifty
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
19700
19800
19900
20000
20100
20200
20300
20400
27-Oct 28-Oct 29-Oct 1-Nov 2-Nov
BSE Turnover Rs Cr('000) Sensex
Volume: 1 | Issue: 391| November 3, 2010
INDIA
The key Indian stock indices ended almost unchanged at the end of a choppy session. The market
opened with a positive bias and managed to recover for a brief period post the RBI rate hike
which was on expected lines. However, the indices retreated from day's high and turned volatile
before closing flat. Realty shares were the biggest loser today after the RBI announced a trio of
measures to check spiralling property prices and pre-empt any possible asset bubble in the
sector. The BSE Sensex ended almost flat and close at 20,346. The NSE Nifty ended flat close at
6,119. The broader indices ended with modest gains, the BSE Mid-Cap index ended higher by
0.4% and BSE Small-Cap index added 0.2%.
The market breath was negative out of 3101 stocks 1386 advanced ,1596 declined and 119
remained unchanged.
GLOBAL MARKETS
After an initial boost at the market's open, stocks held steady throughout the day as investors sat
on their hands to wait for the outcome of two major events: the mid-term elections and a two-
day Fed meeting. The Dow Jones closed ahead by or 0.6%, with 23 of its 30 components rising.
The S&P 500 rose 9 points, or 0.8%, and the Nasdaq climbed 29 points, or 1.2%.
Asian markets are trading on a positive note. The ASX is up by 0.2% & the Hang Seng is up by
0.3%. The Nikkei is closed today.
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
reservesthe 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
ONGC plans to invest over USD 10 billion in bringing to production gas discoveries off the east
coast. ONGC is aiming to develop finds in Krishna Godavari basin through four different projects.
However, the major push will come from development of finds in and around block KG-DWN-
98/2, which sits next to Reliance Industries' giant KG-D6 block.
Kansai Nerolac Paints is planning to increase product prices across segments in an effort to
counter mounting raw material costs, a top official said.
Steel Strips Wheels said that its gross sales jumped 55 percent in October in value terms to 614
million rupees. The firm's wheels sales in October grew by a more than a third to 836,000 units
compared with 627,000 units a year ago.
Ashok Leyland launched 10 models of tippers and tractor trailers on the new U-truck platform.
The vehicles, under the 16-49 tonne category, would be available for pan-India sale in a phased
manner over the next six weeks. In the next 12 months, the company plans to launch 15 more
models in the domestic market.
JSW Steel will invest Rs 3,300 crore to expand capacity at its 860 megawatts (MW) power plant at
Vijayanagar in Karnataka by 660 mw. The Vijayanagar expansion plan raises the company’s total
expansion target for 2015 to 12,050 MW from 11,390 MW aimed earlier
The country’s apex power sector planning body, has given its nod for allocation of gas to
Reliance Power’s 2,400 mw Samalkot project in Andhra Pradesh, allowing the power ministry to
include it in the priority list of power projects that need gas on an urgent basis.
Neyveli Lignite Corp reported net profit of Rs 273.71 crore for quarter ended September 30,
2010 an increase of 12.3 per cent. on a Y-o-Y basis. Net sales of stood at Rs 1,063.20 crore over Rs
881.55 crore in the corresponding period last financial year.
Lupin said it has been granted final approval by the United states Food and Drug Administration
(USFDA) for antihistamine Desloratadine tablets, used for treating allergies.
State Bank of India, the largest bank by market capitalisation, expects that the bank's deposits
may not grow by 18 per cent this fiscal..

2. CORPORATE NEWS SECTOR 02-Nov 01-Nov % Change
Consumer Durables 6,892 6,781 1.64
Capital Goods 16,393 16,163 1.42
IT 6,073 6,035 0.62
FMCG 3,638 3,620 0.49
PSU 10,262 10,221 0.40
Teck 3,733 3,722 0.30
Bankex 14,523 14,490 0.22
Power 3,146 3,141 0.19
Healthcare 6,555 6,550 0.07
Metal 16,819 16,831 (0.07)
Auto 9,952 10,005 (0.53)
Oil&Gas 10,900 10,988 (0.80)
Realty 3,644 3,741 (2.58)
BSE Upper Circuit Breakers
Company Name 02-Nov 01-Nov % Change
41.2 34.3 20.00
22.2 18.5 20.00
9.8 8.9 10.00
0 17.1 15.5 10.00
900.8 857.9 5.00
BSE Lower Circuit Breakers
IEC Education
Dhoot Industrial Finance
Rossell Tea
Hathway Bhawani
Golkunda Daimonds
Volume: 1 | Issue: 391| November 3, 2010
ICICI Bank and HDFC Bank plan to sell their 50 per cent stake in state-owned Hindustan
Petroleum Corp Ltd's oil exploration firm, Prize Petroleum Co Ltd to a strategic investor.
Nigeria, which till recently was insisting on ONGC and steel billionaire Lakshmi Mittal combine to
fulfilling its $6-billion commitment of investing in the African nation's infrastructure, today
indicated that it will not press any deadline as it was "happy" with their work.
Iran has offered a 10 per cent stake in the South Pars Phase-12 gas field to Venezuela's national
oil firm PdVSA, Petropars Managing Director G R Manouchehri said. The $7.8 billion scheme, in
which a consortia of state-owned Oil and Natural Gas Corp (ONGC) and Hinduja Group have
signed for 40 per cent stake, is one of the biggest-ever developments at the South Pars gas field.
Real estate developer Orbit Corp Ltd posted a net profit of Rs 16.04 crore on net sales of Rs 97.71
crore for the quarter ended September.
VE Commercial Vehicles, the joint venture between India's Eicher Motors and Sweden's Volvo,
said it sold 3,279 trucks and buses in October compared with 2,257 a year ago, up 45.3 per cent.
Its domestic sales during the month rose about 52 per cent on year to 3,070 units and exports fell
10 per cent to 209 units.
Essar Shipping Ports & Logistics is aiming to boost its revenue from its port operation to as
much as three times its 2011 fiscal year forecast of $173 million within next three years. The
growth would be driven by higher capacity of its ports as well as utilisation of the infrastructure
Jet Airways Ltd, India's largest private carrier, said it has launched forty-six new flights across
India effective Nov 1 to tap the year-end peak winter season demand. Its all-economy subsidiary,
JetLite, also launched 30 new domestic flights including starting services on eight additional
sectors across India, effective Monday.
HCL group and Ingram Micro, a US-based multinational distributor of IT products, are in talks to
buy a controlling stake in Bangalore-based Sonata Software
BSE Lower Circuit Breakers
Company Name 02-Nov 01-Nov % Change
21.3 23.6 (10.00)
316.8 333.4 (5.00)
16.2 17.1 (5.00)
9.8 10.3 (5.00)
84.3 88.7 (5.00)
COMMODITY / CURRENCY NEWS COMMODITY 02-Nov 01-Nov % Change
Crude Oil (USD/bbl) 84.3 83.1 1.37
Gold (Rs/10gm) 19,707.0 19,713.0 (0.03)
Silver (Rs/kg) 37,147.0 36,930.0 0.59
CURRENCY 02-Nov 01-Nov % Change
INR / USD 44.36 44.46 (0.22)
USD / Euro 1.40 1.40 0.32
Yen / USD 80.82 80.37 0.56
Oregon Commercials
Kay Power
Subhkam Capital
Chokhani Securities
MYM Tech
Volume: 1 | Issue: 391| November 3, 2010
Light Sweet Crude Oil on Tuesday was up by 1.37% at $84.27 per barrel. Gold closed down by 0.3
% at Rs 19,707 and Silver closed up by 0.6 % at Rs. 37,147.
The Indian Rupee closed higher against the dollar at 44.36 as the Indian equity benchmarks ended
on a flat 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.
ICICI Bank and HDFC Bank plan to sell their 50 per cent stake in state-owned Hindustan
Petroleum Corp Ltd's oil exploration firm, Prize Petroleum Co Ltd to a strategic investor.
Nigeria, which till recently was insisting on ONGC and steel billionaire Lakshmi Mittal combine to
fulfilling its $6-billion commitment of investing in the African nation's infrastructure, today
indicated that it will not press any deadline as it was "happy" with their work.
Iran has offered a 10 per cent stake in the South Pars Phase-12 gas field to Venezuela's national
oil firm PdVSA, Petropars Managing Director G R Manouchehri said. The $7.8 billion scheme, in
which a consortia of state-owned Oil and Natural Gas Corp (ONGC) and Hinduja Group have
signed for 40 per cent stake, is one of the biggest-ever developments at the South Pars gas field.
Real estate developer Orbit Corp Ltd posted a net profit of Rs 16.04 crore on net sales of Rs 97.71
crore for the quarter ended September.
VE Commercial Vehicles, the joint venture between India's Eicher Motors and Sweden's Volvo,
said it sold 3,279 trucks and buses in October compared with 2,257 a year ago, up 45.3 per cent.
Its domestic sales during the month rose about 52 per cent on year to 3,070 units and exports fell
10 per cent to 209 units.
Essar Shipping Ports & Logistics is aiming to boost its revenue from its port operation to as
much as three times its 2011 fiscal year forecast of $173 million within next three years. The
growth would be driven by higher capacity of its ports as well as utilisation of the infrastructure
Jet Airways Ltd, India's largest private carrier, said it has launched forty-six new flights across
India effective Nov 1 to tap the year-end peak winter season demand. Its all-economy subsidiary,
JetLite, also launched 30 new domestic flights including starting services on eight additional
sectors across India, effective Monday.
HCL group and Ingram Micro, a US-based multinational distributor of IT products, are in talks to
buy a controlling stake in Bangalore-based Sonata Software
Power Ministry has favoured allocation of gas from Reliance Industries' KG-Basin block to NTPC
and will push for the same in the inter-ministerial meeting next week.
GVK Power and Infrastructure Ltd (GVKPIL) registered a marginal 2.2% year-on-year (y-o-y)
increase in consolidated revenue to Rs. 503.4 crore. Net profit, though in line with Street
expectations, dipped around 3% to Rs. 42.8 crore.
Suzlon Energy Ltd posted a consolidated net loss of Rs. 370 crore for the quarter ended 30
September against a net loss of Rs. 355 crore in the same period last year. Net loss in the June
quarter was much higher at Rs. 910 crore, primarily due to a decline in sales of REpower
Systems, Suzlon’s German subsidiary in which it has a 91% stake. Wind-turbines manufacturer,
Suzlon, said that it expects its sales to be robust in the remaining two quarters of this fiscal.

3. ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
Core Project 288.0 293.3 1.82
Pantaloon Retail 472.1 478.45 1.35
PTC 140.8 142.55 1.24
Bata India 333.7 337.75 1.23
GTL 419.6 424.6 1.20
Dabur 99.1 100.2 1.16
Powergrid 100.1 98.2 (1.90)
Rolta 170.5 168.4 (1.26)
Hero Honda 1853.0 1830.9 (1.19)
Ambuja Cement 148.3 147.4 (0.57)
BEL 1673.9 1672.6 (0.08)
Colpal 882.8 882.2 (0.06)
INSTITUTIONAL ACTIVITY (Rs Cr) 25-Oct 22-Oct YTD
FII Cash Net 699 1,138 1,08,267
FII Stock Futures (88) (392) (13,935)
FII Index Futures 149 651 (9,277)
Mutual Fund 95 314 28,811
VALUATIONS P/E P/B DIV YLD
BSE 23.3 3.8 1.0
NSE 25.1 3.9 1.0
BSE500 Mcap/GDP Ratio 0.67
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Rs %
ACC 1056.95 4.2 Wockhardt 356.5 17.35 Reliance Media 275.55 10.93
L&T 2133.25 2.53 Rajesh Exports 136.35 12.45 Ahmednagar Forg 174.35 9.17
Wipro 434 2.49 Great Eastern Sh 363.25 11.17 MANDHANA 271.45 9.17
Tata Steel 598.2 0.94 Rashtriya Chem 104.25 8.76 Tata Elxsi 310.3 8.86
MOVERS & SHAKERS
Name
Volume: 1 | Issue: 391| November 3, 2010
The Reserve Bank hiked its key short-term lending and borrowing rates by 25 basis
points each with immediate effect to rein in inflation, a move that could increase
banks' commercial lending rates. Accordingly, the short term lending rate or (repo
rate) stands at 6.25 per cent and the borrowing rate (reverse repo) at 5.25 per cent.
however, left the cash reserve ratio or bank rate, which is the amount of cash that banks
have to park with the central bank to maintain prudential norms, unchanged at 6 per
cent.
The RBI is upbeat about the pace of economic acceleration and has accordingly
retained its projection of GDP growth at 8.5 per cent for this fiscal. It, however,
lowered the target for inflation to 5.5 per cent by the end of this fiscal from previous
projection of 6 per cent. The Reserve Bank of India chief on Tuesday said that some
controls on debt flows will be maintained.
Mineral production in August went up by 7.05 per cent in value terms due to a
steady increase in demand.
Tata Steel 598.2 0.94 Rashtriya Chem 104.25 8.76 Tata Elxsi 310.3 8.86
ITC 173.4 0.9 AIA Engineering 439.9 6.85 TALWALKAR 258.15 8.81
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Rs %
DLF 349.1 -3.28 Indiabulls Real Est 189.65 -5.03 Intra Infotech 30.6 -9.73
Cipla 350.8 -1.78 ING Vysya Bank 417.9 -4.55 Splash Media 94.5 -9.61
RIL 1074.4 -1.72 IBN18 Broad 110.4 -4.25 Asian Star 1020 -6.55
Bharti Airtel 329.1 -1.53 Phoenix Mills 239.3 -3.23 Oscar Invest 456.05 -5.95
Tata Motors 1153.9 -1.41 Indiabulls Fin 223.15 -3.19 Eveready Inds 62.95 -5.62
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
Accel Trans Porinjuv Veliyath BUY 2.30% 31.2
Mangalore Chemicals & Fer Transglobal Securities Ltd. BUY 1.23% 45.5
SEL Manufacturing Company Radha Krishan Garg SELL 0.65% 41.3
Neuland Laboratories Ltd Anmol Finpro Pvt Ltd SELL 50.00% 140.7
Tulsi Extrusions Vora Bhavik Prafulchandra SELL 0.97% 58.5
Birla Shloka Indravarun Trade Impex BUY 1.88% 38.72
Bilpower SPJ Stock Brokers BUY 0.76% 197.7
Shiva Cement Ganesh Sarjulal Gupta BUY 1.24% 11.0
Ballarpur Inds Neha Khandelwal SELL 0.91% 2.35
Quintegra Sol Shailendra Kumar Komatreddy SELL 1.72% 16.12
Name
BSE
BULK DEALS
NSE
Volume: 1 | Issue: 391| November 3, 2010
The Reserve Bank hiked its key short-term lending and borrowing rates by 25 basis
points each with immediate effect to rein in inflation, a move that could increase
banks' commercial lending rates. Accordingly, the short term lending rate or (repo
rate) stands at 6.25 per cent and the borrowing rate (reverse repo) at 5.25 per cent.
however, left the cash reserve ratio or bank rate, which is the amount of cash that banks
have to park with the central bank to maintain prudential norms, unchanged at 6 per
cent.
The RBI is upbeat about the pace of economic acceleration and has accordingly
retained its projection of GDP growth at 8.5 per cent for this fiscal. It, however,
lowered the target for inflation to 5.5 per cent by the end of this fiscal from previous
projection of 6 per cent. The Reserve Bank of India chief on Tuesday said that some
controls on debt flows will be maintained.
Mineral production in August went up by 7.05 per cent in value terms due to a
steady increase in demand.
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