Catch the latest Equity research reports from Fullerton Securities at http://www.fullertonsecurities.co.in/equity/markets/research_reports.aspx

1. Volume: 1 | Issue: 378| October 15, 2010
COMMENTARY INDIAN MARKET 14-Oct 13-Oct % Change
INDIA BSE Sensex 20,497 20,688 (0.92)
Just when the Indian markets were all set to breach previous all time highs, bears were back on NSE Nifty 6,177 6,234 (0.91)
Dalal Street.After touching a 33-month high of 20,854.55, markets dipped into the red to due to BSE Midcap 8,415 8,437 (0.27)
selling pressure in capital goods index. Metal and IT stocks continued to hold marginal gains. The BSE Smallcap 10,708 10,762 (0.49)
Sensex pared partial gains and ended at 20,477, down 210 points and the Nifty ended down 56 Nifty Junior 13,183 13,201 (0.13)
points at 6177.Benchmark stock indices started off on an impressive note, but were unable to CNX Midcap 9,487 9,502 (0.16)
hold on to their early gains as Capital Goods, Oil & Gas and Power stocks witnessed some profit
booking. The BSE Sensex slipped 190 points to close at 20,497. The NSE Nifty lost 56 points to
close at 6,177. The FII's were net buyers of Rs 1,020 crore where as DII's were net sellers of Rs 695 GLOBAL MARKETS 14-Oct 13-Oct % Change
crore. Dow Jones Ind (USA) 11,095 11,096 (0.01)
Nasdaq Composite(USA) 2,436 2,441 (0.20)
The market breadth was negative. 1853 stocks had declined while 1174 had advanced. S&P 500 (USA) 1,174 1,178 (0.34)
FTSE 100 (UK) 5,727 5,747 (0.35)
GLOBAL MARKETS DAX (Germany) 6,455 6,435 0.32
US stocks closed with minor losses Thursday as investors shook off concerns about the banking Nikkei 225 (Tokyo) 9,584 9,404 1.91
sector to do some bargain hunting late in the day. Bank stocks led the market lower in the Hang Seng (Hong Kong) 23,852 23,458 1.68
morning as concerns about investigations into foreclosure proceedings by state regulators Shanghai Comp (China) 2,880 2,861 0.64
weighed on the sector. The Dow Jones industrial average closed down 1 point, after tumbling
KOSPI (South Korea) 1,900 1,876 1.25
more than 40 points earlier. The S&P lost 4 points, or 0.3%. The Nasdaq slid 6 points, or 0.2%.
STI (Singapore) 3,195 3,202 (0.22)
MSCI Emerging Market 427 423 0.91
Asian stocks have opened lower, with the Nikkei down by 0.7% and the Hang Seng down by 0.5%
MSCI Frontier Market 573 576 (0.45)
CORPORATE/ ECONOMY NEWS BOND MARKETS 14-Oct 13-Oct Change
Jindal Polyfilms reported over four-fold growth in its net profit to Rs 180 crore for the quarter 10yr G-Sec Yield 8.06 8.01 0.05
ended September 30.The company had reported a net profit of Rs 39.5 crore in the 1yr G-Sec Yield 6.85 6.85 0.00
corresponding quarter last fiscal. During the quarter under consideration, the company's net LIBOR (6m) 0.45 0.46 (0.01)
sales increased by nearly 75 per cent to Rs 687.34 crore, the company said in a statement. LIBOR (1m) 0.26 0.26 (0.00)
Interbank Call rate 6.3 6.3 0.01
State-owned Corporation Bank said that it expects total business of Rs 2 lakh crore by the end
of current fiscal.
BSE Turnover Rs Cr('000) Sensex
20800 8.0
LIC Housing Finance Ltd reported a rise of 36.76 per cent in its net profit to Rs 234.21 crore for 20700 7.0
the second quarter ended September 30. It had a net profit of Rs 171.25 crore during the same 20600 6.0
quarter of the last fiscal. 20500 5.0
20400
4.0
Private sector lender Axis Bank has reported a growth of 38.28 per cent in its net profit at Rs 20300
20200 3.0
735.14 crore for the second quarter ended September 30, 2010. It had a net profit of Rs 531.64
20100 2.0
crore in the July-September quarter of the 2009-10 fiscal
20000 1.0
19900 0.0
IT firm Mastek posted a net loss of Rs 13.46 crore for the quarter ended September 31, against
8-Oct 11-Oct 12-Oct 13-Oct 14-Oct
the net profit of Rs 26.41 crore in the same period last year. The decline was led by foreign
exchange losses. The company lost Rs 3.61 crore in the July-September quarter.
UTV Software Communications’ consolidated net profit has jumped nearly five-fold to Rs 40
NSE Turnover Rs Cr('000) Nifty
crore for the quarter ended September 30, 2010 over the same period last fiscal. Total revenues 6250 25
rose to Rs 239.89 crore in the July-September quarter from Rs 237.67 crore in the same period
previous fiscal. 6200 20
6150 15
Zydus Cadila has informed that the company has launched Pramipexole tablets (0.125 mg,
0.25 mg, 0.5 mg, 1 mg and 1.5 mg) in the US market upon patent expiry. 6100 10
6050 5
The Railways has assured NTPC of supplying it with additional coal for improving power
generation at its stations in Farakka in West Bengal and Kahalgaon in Bihar. The additional 6000 0
supply will help improve the generation level at both the stations to about 500 MW. 8-Oct 11-Oct 12-Oct 13-Oct 14-Oct
`
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.

2. Volume: 1 | Issue: 378| October 15, 2010
CORPORATE NEWS SECTOR 14-Oct 13-Oct % Change
Kumar Mangalam Birla, chairman of the Rs1.4 trillion aluminium-to-mobile telephony Metal 17,756 17,659 0.55
conglomerate Aditya Birla Group, will raise his stake in Aditya Birla Nuvo Ltd by December. IT 6,279 6,249 0.48
Teck 3,855 3,850 0.11
Tata Motors Ltd is looking to launch several new light trucks on an entirely new platform as FMCG 3,658 3,672 (0.37)
traffic of goods within cities increases and more transporters move to the so-called hub-and- Healthcare 6,374 6,401 (0.42)
spoke model of transporting goods. Realty 3,919 3,936 (0.43)
Auto 9,951 10,016 (0.65)
Sadbhav Engineering Ltd has been awarded the following project/work for price of Rs. 14.11bn Consumer Durables 6,451 6,504 (0.83)
by National Highway Authority of India (NHAI). Bankex 14,322 14,479 (1.08)
PSU 10,474 10,592 (1.11)
State-run NTPC Ltd, India's largest power generator, is for the second time in five years seeking Power 3,263 3,304 (1.24)
to become an integrated power sector entity by entering the electricity distribution business. It is Oil & Gas 10,847 11,017 (1.54)
looking to distribute power in Punjab for a start by acquiring the state-owned distribution Capital Goods 16,107 16,426 (1.94)
company.
Everest Kanto Cylinder Ltd. said that the Company has established a wholly owned subsidiary
(WOS) in Thailand by the name of EKC Industries (Thailand) Co. Ltd. to tap the growing potential
in the South East Asian country. Thailand is promoting Natural Gas Vehicles (NGVs) in a big way.
BSE Upper Circuit Breakers
L&T Infrastructure Finance, a unit of construction conglomerate Larsen & Toubro, said that it
Company Name 14-Oct 13-Oct % Change
plans to raise up to Rs 700-crore from retail investors through a long-term tax-saving
Shree Bhawani 9.9 9.0 10.00
infrastructure bond issue.
Kilpest 16.1 14.6 10.00
Singapore Mercantile Exchange has said that the Singapore branch of ICICI Bank Ltd has Binani Industries 235.1 224.0 5.00
become its special clearing member (SCM) for clearing and settling futures contracts. 0 Victoria Mills 5314.6 5061.5 5.00
Orissa Minerals 51803.8 49337.0 5.00
Spanco Ltd has that the company has received a Letter of Award in respect of APDRP project
from Maharashtra State Electricity Distribution Co Ltd, for establishment of base line data,
applications for energy accounting/auditing and I T-based consumer service centres for the
project in 35 towns.
Infotech Enterprises has posted a 7 per cent drop in net profit in the second quarter ended BSE Lower Circuit Breakers
September 30 at Rs 33 crore even though revenues rose 24.4 per cent over the last year to stand Company Name 14-Oct 13-Oct % Change
at Rs 295 crore. Cressanda Solutions 13.9 14.6 (5.00)
Celebrity Fashions 35.4 37.2 (5.00)
Nippon Pipe India Private Limited, part the Japan-based Nippon group, will set up a Rs.190 Pokarna 103.8 109.2 (5.00)
crore steel tube components project for the automobile industry in the Japanese zone at Madhur Industries 44.9 47.3 (5.00)
Majrakath, Neemrana, in Alwar district of Rajasthan. Raj Packaging 161.9 170.4 (5.00)
Personal care products maker Godrej Consumer Products Ltd said that its board has approved
merging its unit Godrej Household Products Ltd with itself.
Anil Ambani-led Reliance Infrastructure said that it has achieved the financial closure for the Rs
11,500-crore Charkop-Bandra-Mankhurd metro rail project it is executing.
Road-focused infrastructure firm Ashoka Buildcon on Thursday listed at 340 rupees on the BSE, a
up 4.9 percent on its issue price of 324 rupees a share.
COMMODITY / CURRENCY NEWS COMMODITY 14-Oct 13-Oct % Change
Crude Oil (USD/bbl) 82.6 83.7 (1.37)
Gold (Rs/10gm) 19,942.0 19,893.0 0.25
Light Sweet Crude Oil on Thursday was down by 1.37% at $82.6 per barrel. Gold closed up by
. Silver (Rs/kg) 36,477.0 35,684.0 2.22
0.25 % at Rs 19,942 and Silver closed up by 2.22 % at Rs. 36,477.
The Indian Rupee closed higher against the dollar at 44.11 as the Indian equity benchmarks ended CURRENCY 14-Oct 13-Oct % Change
on negative note. INR / USD 44.11 44.51 (0.90)
USD / Euro 1.40 1.39 0.72
Yen / USD 81.43 81.87 (0.54)
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: 378| October 15, 2010
ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
Most microfinance institutions, or MFIs, will soon be regulated by the National Bank Tv-18 88.6 89.5 1.07
for Agriculture and Rural Development, or Nabard, once Parliament passes a Bill FSL 29.4 29.7 1.02
governing the sector. GVK Power & Infra 44.6 45 0.90
Bharat Forge 380.5 383.9 0.89
India Inc raised Rs 13,938 crore through 26 public and rights issues in the first five Ashok Leyland 75.2 75.8 0.86
months of the 2010-11 financial year, compared to Rs 11,921 crore from 15 offers GMDC 140.7 141.9 0.85
during the April-August period of the previous fiscal, according to market regulator Hero Honda 1861.6 1842.1 (1.04)
Sebi. M&M 718.3 713.4 (0.68)
Ultra Tech Cement 1140.7 1136.3 (0.39)
The Indian economy is expected to grow by 9.2 per cent in 2010-11 following
Sesagoa 374.9 373.8 (0.31)
impressive growth in the manufacturing and services sectors, Centre for Monitoring
Indian Economy (CMIE) reported. ACC 1019.4 1017.7 (0.17)
Nagarjuna Fertilizer 36.1 36.1 -
INSTITUTIONAL ACTIVITY (Rs Cr) 11-Oct 08-Oct YTD
FII Cash Net 1,111 808 96,443
FII Stock Futures (597) (1,036) (8,924)
FII Index Futures 212 (321) (9,331)
Mutual Fund (260) (543) (26,272)
VALUATIONS P/E P/B DIV YLD
BSE 24.2 3.9 1.0
NSE 25.7 3.9 1.0
BSE500 Mcap/GDP Ratio 0.67
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Wipro 494.0 2.34 Rashtriya Chem 106.0 12.77 Indian Hume 187.2 13.01
Tata Steel 650.6 1.97 Chambal Fert 90.0 10.98 Karuturi Glob 36.1 12.48
Infosys 3,184.3 1.05 Gujarat State Fert 348.7 10.94 India Glycols 169.9 12.03
Tata Motors 1,183.1 0.57 Money Matters 688.1 7.34 Sujana Metal 29.7 11.44
Jindal Steel 719.8 0.13 Coromandel Intl 657.6 6.59 Cosmo Films 178.1 10.28
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Reliance Comm 180 -3.43 Infotech Enter 174.75 -7.56 Kajaria Cerm 76.8 -5.94
L&T 2,013 -3.19 IBN18 Broad 116.10 -5.19 Gateway Distr 118.9 -5.71
NTPC 203 -2.57 IFCI 72.45 -4.48 Emami Paper 52.0 -5.37
Mahindra & Mahindra 719 -2.28 UTV Software 531.25 -4.4 Subhkam Cap 600.3 -4.99
Reliance Infra 1,075 -2.02 CMC 2026.10 -4.03 Supreme Petro 71.8 -4.71
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Karuturi Global Saravana Enterprises BUY 1.67% 32.0
Nagarjuna Fertilizers & Chemicals Clean Finance & Investment BUY 0.99% 36.0
Agro Dutch Industries Naresh Jain SELL 0.76% 31.7
Nu Tek India Trans Techno Foods SELL 1.32% 43.6
R. S. Software Kanchan Chhabra SELL 1.44% 57.0
BSE
Birla Shloka BP Wealth Management BUY 1.04% 36.6
Crew Bos Sahara Vyapar BUY 0.72% 183.0
Greycells Educations CSA holdings BUY 0.65% 47.8
Xpro India Mansi Share & Stock Advisors SELL 0.51% 81.6
Southern Petro Ind Corp J M P Securities SELL 0.87% 27.3
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