1. May 4, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 03-May 02-May % Change COMMENTARY
BSE Sensex 18,535 18,998 (2.44)
INDIA
NSE Nifty 5,565 5,701 (2.39) An eventful day ended with steep losses on Tuesday, extending the losing streak to seventh straight trading
BSE Midcap 6,897 7,028 (1.86) session. After opening on a flat note, the Indian markets began to slide just before the official RBI policy
BSE Smallcap 8,436 8,615 (2.08) announcement. Markets nose dived and were unable to stage a comeback after the central bank increased
Nifty Junior 10,989 11,232 (2.16) the repo rate by 50bps to 7.25%. Policy action on reverse repo rate pulled it higher to keep the spread at 100
CNX Midcap 7,955 8,120 (2.03) bps below repo while the bank rate and the CRR have been left unchanged at 6% each. Rate sensitive sectors
like Banking, Real Estate and Auto bore the brunt of the selling pressure amid concerns that hardening
interest rates will hit demand for new loans, housing and vehicles. Technically, it was a double whammy for
GLOBAL MARKETS 03-May 02-May % Change the NSE Nifty, after breaking below the 200-DMA on Monday, the Nifty went on to breach both the 100-DMA
Dow Jones Ind (USA) 12,808 12,807 0.00 as well as the 50DMA. The BSE Sensex ended at 18,535 plunging 463 points while, the NSE Nifty lost 136
points to close at 5,565. The BSE Mid-Cap and Small-Cap indexes lost 1.8% and 2%, respectively.
Nasdaq Composite(USA) 2,842 2,864 (0.78)
S&P 500 (USA) 1,357 1,361 (0.34) The market breadth was weak. Out of 2,925 stocks traded on the BSE, there were a mere 711 advances as
FTSE 100 (UK) 6,083 6,070 0.21 against 2,101 declines.
DAX (Germany) 7,501 7,528 (0.36)
Nikkei 225 (Tokyo)* 10,004 10,004 0.00 GLOBAL MARKETS
Hang Seng (Hong Kong) 23,633 23,721 (0.37) Most U.S. stocks fell for a second day as commodity and energy shares slid, dragging the markets lower.
Shanghai Comp (China) 2,932 2,912 0.69 Silver led a drop in commodities as higher margin requirements cut demand, and oil fell amid forecasts that
KOSPI (South Korea) 2,201 2,229 (1.27) supplies climbed to a six-month high. The DJIA closed at 12,808 while Nasdaq closed at 2,842, down 0.78%
STI (Singapore) 3,154 3,177 (0.74) and S&P closed at 1,357, down 0.34%.
MSCI Emerging Market 460 459 0.22
Asian stocks have fallen as raw material producers fell following a decline in oil and copper futures. Hang
MSCI Frontier Market 573 575 (0.35)
Seng is down over a percent while Strait Times is down by half percent.
BOND MARKETS 03-May 02-May Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.22 8.13 0.09 The Reserve Bank of India (RBI) on Tuesday increased the repurchase rate (repo rate) by 50 basis points
1yr G-Sec Yield 7.76 7.76 0.00 (bps), as it continues to contain stubbornly high inflation in a fast-growing economy. The repo rate now
LIBOR (6m) 0.46 0.46 0.00 stands at 7.25%. The reverse repo rate will be 100 bps lower than the repo rate at 6.25%. The bank rate
LIBOR (1m) 0.25 0.25 0.00 and the CRR have been left unchanged at 6% each.
Interbank Call rate 6.9 6.4 0.49
Aanjaneya Lifecare Ltd, a unit of Finaventure Capital Ltd, has set Rs 228-240 a share price band for its
initial public offering (IPO) to raise up to Rs 120 crore. Subscriptions to the 5-million-share issue begin on
May 9 and close on May 12.
BSE Turnover Rs Cr('000) Sensex
19600 3.3 Reliance Infrastructure Limited has commissioned another 400 kV Double Circuit transmission line,
19400 3.3 part of country’s first 100% privately owned transmission project in India on Build, Own and Operate
3.2 (BOO) basis.
19200
19000 3.2
3.1 Glenmark Pharmaceuticals said that it has received final approval from the United States health
18800 regulator for its generic Fluticasone propionate lotion used in treating skin pain and itching caused by
3.1
18600 3.0 eczema.
18400 3.0
18200 2.9 BPO company Firstsource Solutions and Sri Lanka's telecom service provider company Dialog Axiata
18000 2.9 have announced the formation of a joint venture company in the island nation. Firstsource will investing
27-Apr 28-Apr 29-Apr 2-May 3-May in and acquiring 76% share of Dialog Business Services, the recently formed Business Process
Outsourcing (BPO) venture of the Dialog Axiata Group.
Tata Steel, the world's 10th largest steel company and a subsidiary of Tata Steel Group, will increase
investment in China by 5% in 2012 as it seeks to maintain market share.
5900 NSE Turnover Rs Cr('000) Nifty 18
5850 16 Adani Group owned Mundra Port and Special Economic Zone (MPSEZ) on Tuesday announced
5800 14 acquisition of Abbot Point Port in Australia in an all cash deal for Australian $2 billion, making the third
5750 12
5700 88.38 #DIV/0! overseas acquisition by the group that runs country's biggest private port and is its largest coal importer.
10
5650
5600 8 Tata Consultancy Services, India's leading software services exporter, said on Tuesday ABN AMRO
5550 6
4 Clearing Bank NV had selected its banking software solution as part of the bank's modernization
5500 programme.
5450 2
5400 0
27-Apr 28-Apr 29-Apr 2-May 3-May Garden Silk Mills said that its net profit rose by 17.50% to Rs 27.32 crore for the fourth quarter ended
March 31, 2011, over the same period previous fiscal.Net sales of the company rose to Rs 879.79 crore for
the fourth quarter, compared to Rs 687.39 crore in the same period last fiscal

2. May 4, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 03-May 02-May % Change CORPORATE NEWS
IT 6,080 6,152 -1.16% Dabur India Ltd, India’s leading natural health care company, has entered into an
HC 6,177 6,258 -1.29% agreement with Mumbai based Ajanta Pharma Limited to acquire Ajanta’s over the
POWER 2,633 2,668 -1.32% counter energizer brand ’30Plus’.
TECk 3,666 3,717 -1.38%
FMCG 3,669 3,738 -1.85% Essar Shipping Ports & Logistics Limited (ESPLL), India’s second-largest private-
METAL 15,698 16,022 -2.02% sector port company and part of the US$ 20-bn Essar Group, announced its unaudited
OIL&GAS 9,665 9,874 -2.12% FY 11 results. The annual revenues for FY11 stood at Rs. 33.97bn as compared to Rs.
30.92bn increase of 10%. Profit after tax stood at Rs. 921mn in FY11 as against Rs.
PSU 8,762 8,966 -2.28%
938mn last year.
CG 12,721 13,049 -2.51%
CD 6,114 6,280 -2.65% Elecon Engineering Company Ltd has been awarded order of Rs. 393.9mn from
REALTY 2,141 2,205 -2.91% Bharat Heavy Electrical Ltd. for Design, engineering, manufacture, supply and erection
BANKEX 12,407 12,804 -3.11% & Commissioning of CHP Machine package for Bellary TPS, UNIT- 3 of 700 MW.
AUTO 9,109 9,463 -3.74%
RPG group company Phillips Carbon Black Ltd registered a lower Q4 profit of Rs
33.29 crore, down by 8% compared to the corresponding period last year, due to its
higher deferred tax burden. The company said that it will invest close to Rs 500 crore
on its new greenfield carbon black plant near Chennai.
Tata Technologies, a global leader in engineering services, outsourcing and product
BSE Upper Circuit Breakers development has announced that it had completed a round of equity funding for Rs
Company Name 03-May 02-May % Change 141.06 crore ($30 million) from Alpha TC Holdings Pte Ltd and Tata Capital Growth
Bharat Rasayan 136.5 113.8 20.00 Fund I.
Carol Info Services 148.6 135.1 10.00
Bhandari Hosiery Exports 36.4 33.1 10.00 Air India have announced 'no work, no pay' principle will be implemented to counter
Universal Starch-Chem 29.4 28.0 5.00 the pilots' strike that continued to disrupt its flights for the seventh day, as the Delhi
0
Shantivijay Jewels 89.3 85.1 5.00 High Court rapped both sides for their adamant attitude and failure to resolve the
crisis.
SKF India posted its net profit for the first quarter ended March 2011 amounted to Rs
61 crore showing a growth of 40% over the corresponding quarter of the previous
year. Net sales for the first quarter ended March 2011 amounted to Rs 628.1 crore with
a growth of 25% over the corresponding quarter of the previous year.
BSE Lower Circuit Breakers
Company Name 03-May 02-May % Change IT services provider Cognizant Technology Solutions Corp posted a 37% rise in
Comp-U-Learn Tech India 13.4 14.9 (10.00) quarterly profit helped by strong customer demand. For the first quarter, the
Vertex Securities 237.3 249.8 (5.00) company earned $208.3 million, or 67 cents a share, up from $151.5 million, or 49
R.M. Mohite 198.8 209.4 (5.00) cents a share, last year. Revenue grew 43% to $1.37 billion.
Sampada Chemicals 130.2 137.1 (5.00)
(5.00) Thermax Ltd has posted a net profit of Rs. 1265.031 mn for the quarter ended March
Shekhawati Poly-Yarn 33.5 35.3
31, 2011 as compared to net loss of Rs. (156.765) mn for the quarter ended March 31,
2010. The Company has posted a net profit of Rs. 3824.187 mn for the year ended
March 31, 2011 as compared to Rs. 1414.389 mn for the year ended March 31, 2010.
ARSS Infrastructure Projects said that it has bagged two orders worth Rs 45.54
crore.
Navin Fluorine International (NFIL), a part of the Arvind Mafatlal Group, said that it
has acquired a 51% stake in UK-based company Manchester Organics for 4.335 million
pounds.
COMMODITY 03-May 02-May % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 123 125 (1.62)
Gold (Rs/10gm) 22,386 22,639 (1.12) Brent Crude Oil lost 1.62% and closed at $123 per barrel. Gold closed down by 1.12% at
Rs 22,386 and silver closed down by 8.34% at Rs 62,200.
Silver (Rs/kg) 62,200 67,900 (8.39)
The Indian Rupee closed lower against the dollar at Rs 44.34 as the Indian equity
benchmarks ended on a negative note.
CURRENCY 03-May 02-May % Change
INR / USD 44.34 44.22 0.27
USD / Euro 1.47 1.48 (0.68)
Yen / USD 80.70 81.34 (0.79)

3. May 4, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
Sterlite Technologies 58.4 59.2 1.28 Seeking to cash upon the investor demand for gold on 'Akshaya Tritiya', considered
Auro Bindo Pharma 183.2 185.5 1.23 an auspicious day for buying the yellow metal, NSE and BSE will conduct extended
CESC 304.0 307.7 1.20 trading till 9 pm in Gold ETF on May 6th. Trading in other segments of the two
GTL 416.5 421.5 1.20 bourses would be as per the normal trading hours.
TV 18 79.0 80.0 1.20
MRF 6868.0 6,945.0 1.12 The commerce and industry ministry has set a target of achieving $500-billion
Allhabad Bank 194.7 189.9 (2.47) exports by 2013-14 by strategising the country’s foreign trade through
diversification of products and markets and technological enhancement.
Maruti 1273.9 1,243.9 (2.35)
PFC 222.6 218.2 (2.00)
The road transport ministry plans to award projects covering 10,000 km of highways
Core Projects 298.1 292.3 (1.93) during the current financial year. About 80 per cent of these would be awarded on
Exide Inds 156.0 153.6 (1.54) the build-operate-transfer (BOT) mode.
GE Shipping 285.7 281.7 (1.40)
The government has cleared 21 foreign direct investment (FDI) proposals amounting
INSTITUTIONAL ACTIVITY (Rs Cr) 26-Apr 25-Apr YTD to Rs 1,027 crore, including those of ACB India and Oriental Tollways. A total of 47
FII Cash Net (476) (149) 6,188 FDI proposals were taken up by the Foreign Investment Promotion Board (FIPB), but
FII Stock Futures (407) (543) (4,201) the board deferred decisions on 17 applications and rejected nine.
FII Index Futures (385) (264) 248
Mutual Fund (62) (20) 1,383 Tokyo Electric Power may be asked to shoulder half of an estimated $49 billion in
total compensation for damages stemming from its crippled nuclear power plant,
with other power firms to shoulder the rest.
VALUATIONS P/E P/B DIV YLD
BSE 19.9 3.5 1.1
NSE 20.7 3.5 1.1
BSE500 Mcap/GDP Ratio 0.60
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
BHEL 2014.6 0.19 Carborundum Uni 255.2 4.38 Carol Info 148.55 10.0
- - - Rajesh Exports 86.1 3.55 TALWALKAR 236.8 6.5
- - - Info Edge India 733.4 2.59 Prraneta Inds 63.1 4.6
- - - SPICEMOBIL-$ 101.4 2.58 Oriental Hotels 30.8 4.4
- - - Maharashtra Seam 364.0 2.49 Himachal Futur 20.3 4.4
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Jaiprakash Asso 85.1 -8.05 Patni Computer 397.7 -7.73 SREI Infra 46.3 -8.0
Tata Motors 1163.5 -5.3 IRB Infra 162.1 -7.56 Poly Medicure 255.0 -7.9
Bajaj Auto 1367.0 -5.02 Pantaloon Retl 246.9 -7.51 SHASUNPHAR 76.0 -7.6
Mahindra & Mahindra 707.9 -4.47 Escorts 129.0 -7.4 Mirc Elect 23.3 -7.0
L&T 1537.5 -4.17 Kwality Dairy 136.2 -6.65 Accentia Tech-$ 82.4 -6.8
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Glory Polyfilms Planet Investments & Finance BUY 1.50% 4.0
Rohit Ferro Kanta Agarwal BUY 1.26% 43.1
MSP Steel Padmini Viniyog BUY 1.15% 68.0
Gujarat Foils Vardhman Investment SELL 0.84% 102.1
Intl Conveyors Mavi Investment Fund SELL 0.75% 18.2
BSE
Amrutanjan Health Crosseas Capital Services BUY 0.80% 799.5
Gemstone Invest Ritu Jain BUY 1.24% 9.2
Twilight Litaka Ifci Factors Ltd SELL 0.64% 55.0
Rotam Comm Sarij Devi Munot SELL 1.35% 27.8
Carol Info Venktesh Securities Limited SELL 0.74% 126.9