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1. Volume: 1 | Issue: 363| September 24, 2010
COMMENTARY INDIAN MARKET 23-Sep 22-Sep % Change
INDIA BSE Sensex 19,861 19,942 (0.40)
The Indian markets ended the day with losses for the second straight trading session on NSE Nifty 5,960 5,991 (0.52)
Thursday. The Banking stocks led the decline in the benchmark indices. Among the other major BSE Midcap 8,031 8,048 (0.22)
laggards were the Realty and the Oil & Gas stocks. Even the Mid-Cap stocks were under pressure BSE Smallcap 10,160 10,154 0.07
Small-Caps gave up their gains. Lack of cues from the Asian markets and some weakness in the Nifty Junior 12,591 12,606 (0.13)
European indices dampened the sentiments on Dalal-Street. The decision of deferring the verdict CNX Midcap 9,142 9,142 (0.00)
on the Ayodhya case also restricted the downfall. The BSE Sensex fell 81 points to close at 19,861,
while, NSE Nifty slipped 31 points to close at 5,960.Even the BSE Mid-Cap BSE Small -Cap stocks
were under pressure ending at 8,031 and 10,160 respectively. GLOBAL MARKETS 23-Sep 22-Sep % Change
Dow Jones Ind (USA) 10,662 10,739 (0.72)
Out of 3078 stocks, 1400 advanced while 1573 declined Nasdaq Composite(USA) 2,327 2,335 (0.34)
S&P 500 (USA) 1,125 1,134 (0.82)
GLOBAL MARKETS FTSE 100 (UK) 5,547 5,552 (0.09)
US Stocks bounced off early losses but sold off again in the last 80 minutes of trade. The Nasdaq DAX (Germany) 6,185 6,208 (0.38)
composite dropped 0.34% to close at 2327 , the S&P 500 dropped by 0.8% at 1125 and Dow 0.7% Nikkei 225 (Tokyo)* 9,566 9,566 0.00
to close at 10662. Hang Seng (Hong Kong)* 22,048 22,048 0.00
Shanghai Comp (China)* 2,592 2,592 0.00
Asian stocks have opened low as US jobless claims stoked concerns. The Nikkei is trading 1.25%
KOSPI (South Korea)* 1,833 1,833 0.00
lower and the Hang Seng is down by 0.34%
STI (Singapore) 3,083 3,096 (0.42)
MSCI Emerging Market 396 397 (0.07)
* Markets were closed on 23rd September 2010. MSCI Frontier Market 544 546 (0.40)
CORPORATE/ ECONOMY NEWS BOND MARKETS 23-Sep 22-Sep Change
Leading edible oil player Adani Wilmar is planning to spend Rs 1,000 crore into expansion over 10yr G-Sec Yield 7.89 7.93 (0.04)
the next two years and expects to double its soya meal export to 1 million tonne this year. 1yr G-Sec Yield 6.69 6.69 0.00
LIBOR (6m) 0.46 0.47 (0.01)
JSW Steel said that it will set up the first high value electric steel plant in collaboration with LIBOR (1m) 0.25 0.26 (0.01)
Japan’s JFE Holdings in Maharashtra. The output from the plant would be used to make Interbank Call rate 6.1 6.1 (0.05)
transformers.
BSE Turnover Rs Cr('000) Sensex
J K Lakshmi Cement plans to invest Rs 1,800 crore over the next three-four years to double its 20100 5.6
production capacity to 10 million tonnes. 20000 5.4
19900 5.2
Kolkata-based assets financing company Magma Fincorp Ltd has set a target of Rs 240 crore to 19800 5.0
be disbursed as retail loans in Tamil Nadu in 2010-11.
19700 4.8
19600 4.6
Bharti Airtel and Tata Teleservices have informed the government that they have upgraded
19500 4.4
their networks to allow law enforcers to monitor messages sent through BlackBerry
19400 4.2
smartphones, a report said on Thursday.
19300 4.0
17-Sep 20-Sep 21-Sep 22-Sep 23-Sep
Kingfisher Airlines on Thursday said it has deferred the delivery of superjumbo Airbus A380
and induction of other aircraft like A330 and A320.
Hero Motors on Thursday said it has joined hands with auto component-maker Magna Steyr
NSE Turnover Rs Cr('000) Nifty
India to develop new products for the global and domestic market. 6050 20
Private carrier Jet Airways will connect New Delhi with Milan, the fashion and design capital of 6000 15
Italy, with daily direct flights from Dec 5. 5950
10
Oil and Natural Gas Corp on Thursday said its natural gas output will rise by over 58 per cent 5900
to 100 million cubic metres a day by 2015-16 after it puts its eastern offshore fields into 5850 5
production.
5800 0
17-Sep 20-Sep 21-Sep 22-Sep 23-Sep
`
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.
Website: www.fullertonsecurities.co.in

2. Volume: 1 | Issue: 363| September 24, 2010
CORPORATE NEWS SECTOR 23-Sep 22-Sep % Change
Larsen & Toubro Ltd and Befula Investments (PTY) Ltd, South Africa, have signed a FMCG 3,686 3,646 1.10
shareholders agreement to incorporate a joint venture company Larsen & Toubro T&D SA (PTY) Capital Goods 15,735 15,727 0.05
Ltd, in South Africa to capitalise on the power transmission and distribution opportunity there. Auto 9,419 9,415 0.04
IT 5,943 5,941 0.03
The Planning Commission is in talks with State Bank of India (SBI), the country’s largest lender, Healthcare 5,925 5,924 0.02
to anchor its $11-billion infrastructure fund. It is also having internal consultations with the Consumer Duravles 6,215 6,216 (0.02)
finance ministry on the same issue. Metal 16,602 16,615 (0.08)
PSU 10,257 10,265 (0.08)
Indian state-run explorer Oil & Natural Gas will commission two petrochemical complexes at Power 3,179 3,188 (0.29)
Dahej in the western Indian state of Gujarat and Mangalore in southern Karnataka stake. Teck 3,702 3,714 (0.30)
Oil & Gas 10,588 10,695 (1.01)
Oil and Natural Gas Corp plans to buy 14 rigs for 40 billion rupees ($877 million) in two to three Bankex 13,778 13,947 (1.21)
years. Realty 3,596 3,668 (1.97)
The Wockhardt hospital group has forayed into Goan market by entering into a tie up with
National Union of Seafarers of India (NUSI) for their hospital property at Cuncolim village.
Mahindra & Mahindra may back Sicilian financier Simone Cimino’s plan to convert Fiat SpA’s
Termini Imerese car factory to production of electric vehicles. Cimino, who’s planning to invest as
BSE Upper Circuit Breakers
much as e450 million ($602 million), has a preliminary agreement with Reva Electric Car Co. to
Company Name 23-Sep 22-Sep % Change
build electric cars at Termini. Mahindra in May agreed to buy 55% of Reva.
Coral Laboratories 124.3 103.55 20.00
Matrix Laboratories has received the USFDA's approval for atazanavir sulfate capsules. Cenlub Industries 31.8 26.50 20.00
Atazanavir sulfate capsules are used in the treatment of HIV infection. Ritesh International 7.6 6.9 10.00
0 Omega AG-Seeds 5.5 5.0 10.00
Unichem Laboratories Ltd, has been granted certificate of suitability to European Orissa Minerals 27515.3 26205.0 5.00
Pharmacopeia (CEP) by European Directorate for the Quality of Mechcines and Healthcare
(EDQM) for Alfuzosin Hydrochloride.
PBA Infrastructure Ltd, engaged in execution of infrastructure development project, has
obtained contract form GVK Deoli Kota Expressway Pvt Ltd worth Rs 252 crore. The civil
construction work contract is to be executed on built, operate and transfer basis in Rajasthan. BSE Lower Circuit Breakers
Company Name 23-Sep 22-Sep % Change
Hyderabad-based infrastructure major Infrastructures & Projects Ltd (IVRCL) has bagged Devine Impex 77.7 86.3 (10.00)
orders worth Rs 750 crore for four laning and improvement of Karanji-Wani-Ghuggus - RR Financial 116.5 122.6 (5.00)
Chandrapur Road Maharashtra State Highway - 6&7 in Yavatmal and Chandrapur district on Fortune Financial 159.4 167.8 (5.00)
DBFOT basis. Nutech Global 7.2 7.6 (5.00)
Well Pack Papers 69.6 73.2 (5.00)
Shree Cement said that it will invest Rs 3,500 crore to expand its cement production capacity by
seven million tonnes in the next five years. the company would meet the investment through
internal accruals and debt.
Sadbhav Infrastructure Project Ltd (SIPL), a subsidiary of Sadbhav Engineering Ltd had
entered into a binding agreement to receive Rs 400 crore from Norwest Venture Partners (NVP)
and The Xander Group Inc- the Global Investors, has successfully completed the transaction.
COMMODITY / CURRENCY NEWS COMMODITY 23-Sep 22-Sep % Change
Crude Oil (USD/bbl) 74.8 74.7 0.23
Gold (Rs/10gm) 19,184.0 19,183.0 0.01
Light Sweet Crude Oil on Wednesday was up by 0.23% at $74.84 per barrel. Gold closed up by
Silver (Rs/kg) 32,555.0 32,425.0 0.40
0.01% at Rs 19,184 and Silver closed up by 0.4% at Rs. 32,555.
The Indian Rupee closed lower against dollar by 0.15% at 45.60 as the Indian equity benchmarks CURRENCY 23-Sep 22-Sep % Change
ended on negative note. INR / USD 45.60 45.53 0.15
USD / Euro 1.33 1.34 (0.52)
Yen / USD 84.55 84.57 (0.02)
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: 363| September 24, 2010
ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
India's food inflation continued to accelerate in the year to September 11, maintaining Apollo Tyres 80.6 81.2 0.74
expectations of another rate hike by the year end. The food price index rose an annual Dabur 104.0 104.7 0.72
15.46 per cent in the week to Sept. 11, compared with 15.10 per cent a week ago. Jindal South West Holdings 1897.4 1910.85 0.71
The annual fuel price inflation of 11.48 per cent was flat on the week. The primary articles Great Offshore 384.1 386.8 0.70
index rose 16.80 per cent, faster than the week-ago increase of 16.22 per cent. Hexaware 75.2 75.7 0.66
Nagarjuna Fertilizer 30.8 30.95 0.65
The government will borrow Rs 1.63 lakh crore ($35.7 billion) between October and Hero Honda 1805.4 1778.5 (1.49)
March. The government has so far borrowed Rs 2.73 lakh crore of the budgeted Rs 4.57 Core Project 287.0 284.7 (0.78)
lakh crore gross borrowing for the fiscal year to end-March. It had planned to sell debt Moser Bear 72.6 72.1 (0.69)
worth Rs 2.87 lakh crore in the April-September period. ABB 873.9 869.0 (0.56)
Bhushan Steel 429.0 428.0 (0.23)
Getting approvals for setting up units in SEZs will be done electronically from next SCI 162.6 162.2 (0.22)
month - a move which will help entrepreneurs reduce transaction costs.
INSTITUTIONAL ACTIVITY (Rs Cr) 20-Sep 17-Sep YTD
Sugar production may increase by over five million tonnes to touch 24 million FII Cash Net 1,879 1,144 71,567
tonnes in 2010-11 sugar year starting next month owing to higher cane output. FII Stock Futures (494) (853) (38)
FII Index Futures 1,276 (647) (2,780)
The government cleared 24 foreign direct investment proposals worth over Rs 2,700
Mutual Fund (345) (751) (17,890)
crore, out of which Singapore-based power company Asian Genco Pte Ltd and Housing
Development and Infrastructure Ltd (HDIL) accounted for the highest-value propositions.
VALUATIONS P/E P/B DIV YLD
BSE 23.6 3.8 1.1
NSE 25.2 3.8 1.0
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 %
Hindustan Unilever 302.8 1.71 Dalmia Cement 262.6 9.28 Confidence Petro 18.0 9.70
ONGC 1,421.4 1.49 BF Utilities 1,042.5 7.69 K Sera Sera 12.6 9.36
ITC 176.6 1.32 REI Agro 22.2 5.97 Dev Credit Bank 55.0 8.91
Mahindra & Mahindra 690.6 1.11 PTC India 119.9 5.13 Henkel India 72.0 8.76
Jaiprakash Associates 121.0 1.04 HT Media 163.1 5.02 CCL Products 345.1 8.18
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
ICICI Bank 1,099.3 -2.25 Blue Star 471.2 -4.80 Splash Media 78.9 -8.26
RIL 997.7 -2.11 Rajesh Exports 97.1 -4.29 Well Pack Papers 69.6 -4.99
Bharti Airtel 355.4 -1.89 Indiabulls Real Est 172.3 -3.88 Ramsarup Inds 57.2 -4.51
Cipla 314.1 -1.64 Radico Khaitan 174.8 -3.75 Dunlop India 88.1 -4.45
DLF 347.7 -1.40 Indusind Bank 254.7 -3.61 BL Kashyap 435.8 -4.17
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Development Credit Bank Transglobal Securities BUY 0.59% 53.7
Harrisons Malayalam Ltd Nikunj K Shah BUY 0.43% 93.7
Mcnally Bharat Engineerin Credit Suisse (Singapore) BUY 1.04% 282.6
Southern Petro Ind Corp Asset Reconstruction Company (India) Limited SELL 0.88% 24.0
Orchid Chemicals Solrex Pharmaceuticals Company SELL 0.98% 196.6
BSE
Aditya Ispat GSB Finance BUY 0.76% 15.62
Bilpower Meruland Insurance Services BUY 0.81% 209.2
KPIT Cummins Black Rock India Equities Fund Mauritius BUY 1.25% 163.9
Vivimed Labs Crosseas Capital Services SELL 0.88% 336.65
Raj Packaging Manoj Saxena SELL 0.53% 132.5
7
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