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

1. Volume: 1 | Issue: 369| October 4, 2010
COMMENTARY INDIAN MARKET 01-Oct 30-Sep % Change
INDIA BSE Sensex 20,445 20,069 1.87
Riding on its robust rally in September, Indian equity markets continued to sizzle on Friday, with NSE Nifty 6,143 6,030 1.88
benchmark indices inching closer to all-time highs.. The Sensex, logged record gains in terms of BSE Midcap 8,214 8,084 1.60
points - third largest ever in a month - 2,098 points or 12%. The bulls were in no mood to relent & BSE Smallcap 10,404 10,246 1.54
started the month October with a bang. The Sensex today gained a solid 376 points at 20,445. Nifty Junior 12,846 12,585 2.07
Liquidity - backed by heavy FIIs remains the single major driver of this rally. Realty stocks led the CNX Midcap 9,324 9,164 1.74
up move, followed by Metal, Capital Goods, IT and Autos. FMCG stocks, however
underperformed. The NSE Nifty ended with a gain of 113 points at 6143.The mid-caps and small-
caps indices also fared almost in sync with the benchmark indices thereby logging gains in the GLOBAL MARKETS 01-Oct 30-Sep % Change
range of 1.5-2% each. Dow Jones Ind (USA) 10,830 10,788 0.39
Nasdaq Composite(USA) 2,371 2,369 0.08
The market breath was positive , with nearly two advancing stocks for every declining stock. S&P 500 (USA) 1,146 1,141 0.46
FTSE 100 (UK) 5,593 5,549 0.80
GLOBAL MARKETS DAX (Germany) 6,211 6,229 (0.28)
Wall Street extended the rally on Friday, led by gains in resource stocks after data in China Nikkei 225 (Tokyo) 9,404 9,369 0.37
showed a pick-up in manufacturing activity. Gains were tempered by U.S. data suggesting the Hang Seng (Hong Kong) 22,358 22,358 0.00
rate of growth in U.S. factory activity slowed, but the upbeat trend in the market prevailed. The
Shanghai Comp (China) 2,656 2,656 0.00
Dow Jones industrial average rise 41.63 points, or 0.39 percent, to end at 10,830. The Standard &
KOSPI (South Korea) 1,877 1,873 0.21
Poor's 500 Index advanced 5.04 points, or 0.46 percent, to 1,146. The Nasdaq Composite Index
STI (Singapore) 3,131 3,098 1.07
edged up 2.13 points, or 0.08 percent, to close at 2,371.
MSCI Emerging Market 411 407 0.95
Asian stocks have opened on a mixed note with Mining companies and Japanese exporters MSCI Frontier Market 557 556 0.21
leading gains. The Nikkei is up by 0.77% & Hang Seng is down by 0.09%
CORPORATE/ ECONOMY NEWS BOND MARKETS 01-Oct 30-Sep Change
Anil Dhirubhai Ambani Group firm Reliance Infrastructure (R-Infra) said that it has started the 10yr G-Sec Yield 7.90 7.80 0.10
Rs 1,985 crore widening work on the 140km-long Pune-Satara highway from October 1. 1yr G-Sec Yield 6.69 6.69 0.00
LIBOR (6m) 0.46 0.48 (0.02)
Furniture brand Godrej Interio the business unit of Godrej and Boyce Manufacturing, part of LIBOR (1m) 0.26 0.26 0.00
the Godrej Group, is planning to raise the turnover to Rs 3,000 crore from Rs 1,100 crore during Interbank Call rate 6.3 7.1 (0.84)
2009-10, in the next three years. The company which has three manufacturing units in Mumbai,
Guwahati and Uttarakhand, is planning to open two more units by next year.
BSE Turnover Rs Cr('000) Sensex
20500 7.0
Tata Steel on Sunday increased prices of its products by up to Rs 1,500 per tonne, mainly on 20400 6.0
account of rising demand. The move by Tata Steel follows similar hike by the steel makers like 20300
SAIL, JSW and Essar Steel last week. 5.0
20200
4.0
20100
Jubilant Life Sciences has offered to buy 17.6% stake in US-based Inc for Rs 28 crore to make it 3.0
20000
a wholly-owned company, it said on Friday. Contract manufacturer of drugs Jubilant Life 2.0
19900
Sciences owns 82.4% of Cadista through two separate arms. 1.0
19800
19700 0.0
Tata Communications (TCL) is set to acquire Sri Lanka’s second-largest land-based telephone
27-Sep 28-Sep 29-Sep 30-Sep 1-Oct
company Suntel.
In a development that could help Anil Ambani-led RCom get additional frequency in most
circles, including Delhi, the DoT is likely to prioritise operators with start-up spectrum and the
NSE Turnover Rs Cr('000) Nifty
required subscriber base for the allocation of unutilised radio waves. 6200 25
Most carmakers, including the top two— Maruti Suzuki and Hyundai Motors, reported their 6150 20
best monthly sales in September and look poised to set new marks in October. 6100
15
The country’s largest carmaker reported sales of 1,08,006 cars (including exports) in September, 6050
beating 1,04,971 sales in August. 10
6000
5950 5
Oil Minister Murli Deora will make a pitch for ONGC buying BP Plc's Vietnam gas fields when the
British energy firm's chairman, Carl-Henric Svanberg, and newly appointed chief executive, 5900 0
Robert Dudley, visit India next week. 27-Sep 28-Sep 29-Sep 30-Sep 1-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.
Website: www.fullertonsecurities.co.in

2. Volume: 1 | Issue: 369| October 4, 2010
CORPORATE NEWS SECTOR 30-Sep 29-Sep % Change
To meet the needs of growing Indian economy, the Shipping Corporation of India has Realty 3,877 3,727 4.03
embarked on an ambitious fleet expansion plan and ordered 28 new vessels, eight of which will Metal 17,517 16,865 3.87
be delivered in 2010. Consumer Goods 16,426 15,995 2.69
IT 6,100 5,947 2.57
Tata Motors plans to raise $525 million through a qualified institutional placement of ordinary Auto 9,757 9,528 2.41
and differential voting rights shares as part of its Rs 4,700-crore fund-raising plan, aimed mainly Consumer Durables 6,435 6,293 2.25
at reducing debt. Power 3,300 3,235 2.00
Teck 3,787 3,716 1.91
Videocon Industries’ Rs 8,000-crore thin film transistor liquid crystal display (TFT-LCD) panel Healthcare 6,108 5,996 1.87
project in Navi Mumbai has hit a block. The state-run City & Industrial Development Corporation PSU 10,471 10,280 1.86
(Cidco) has taken a decision not to hand over 100 hectares for the project to Videocon till the Bankex 14,252 14,025 1.62
latter gets a subsidy of Rs 2,000 crore from the central government, plus necessary approvals. Oil & Gas 10,603 10,447 1.50
FMCG 3,744 3,720 0.65
Larsen & Toubro (L&T), the technology, engineering, construction and manufacturing company,
has scaled down its stake in Mahindra Satyam, the erstwhile Satyam Computer Services, to a little
over two per cent. The company sold 28 million shares of Mahindra Satyam in the open market
for around Rs 295 crore last month.
ABB India, subsidiary of Swiss company ABB, has expressed dissatisfaction over state-run
BSE Upper Circuit Breakers
transmission firm PowerGrid’s move to call for fresh offers from shortlisted bidders BHEL-ABB and
Company Name 30-Sep 29-Sep % Change
Siemens India for its Rs 7,000-crore HVDC (high-voltage direct current) sub-stations project.
Bharat Fertilozer 87.6 73.0 20.00
Jindal Steel and Power said that it will start commercial production from the Shadeed Iron & Shardul Securities 138.7 115.6 20.00
Steel plant in Oman, which it acquired recently for $464 million, by the last quarter of the current Rajvir Industries 209.0 190.0 10.00
fiscal. 0 Shree Global Trade 229.0 208.2 10.00
Orissa Minerals 36873.0 35117.1 5.00
A fortnight away from its initial mega public offering, state-owned Coal India Ltd has embarked
upon an ambitious Rs 3,000 crore plan to wash almost half of its output in order to improve the
quality and garner prices at par with international rates.
Real estate developer, Omkar Realtors and Developers, is eyeing a Rs 1,000 crore turnover in
the financial year FY 12.The company is planning to develop 20 million square feet of area in the BSE Lower Circuit Breakers
Mumbai Metropolitan Region (MMR) and would be launching nearly nine projects within the Company Name 30-Sep 29-Sep % Change
next six months. Koutons Retail 155.5 172.7 (10.00)
Devine Impex 65.8 69.2 (5.00)
NALCO is planning to invest Rs 60bn capacity expansion project and also aims to establish new Indian Extraction 7.2 7.6 (5.00)
mega-power plants. It also plans to set up a 5-lakh tonne smelter plant and a 1,250-MW power Aditya Ispat 14.1 14.8 (5.00)
unit in India. The company is gearing up to set up a 14-lakh tonne alumina refinery in Andhra Paraan 1329.1 1399.0 (5.00)
Pradesh.
Leading IT company in the SME segment, Omnitech Infosolutions, is eyeing a five-fold growth
in topline at Rs 1,000 crore by 2013 fiscal and is close to sealing an acquisition in Holland by next
month.
Taking forward its mega Rs 4,500 crore expansion programme, state-run Hindustan Copper
(HCL) said that it will reopen its closed copper mine at Singhbhum, in Jharkhand, by 2013.
COMMODITY / CURRENCY NEWS COMMODITY 30-Sep 30-Sep % Change
Crude Oil (USD/bbl) 81.7 80.1 2.00
Gold (Rs/10gm) 19,000.0 19,040.0 (0.21)
Light Sweet Crude Oil on Friday was up by 3.06% at $80.13 per barrel. Gold closed down by 0.3
Silver (Rs/kg) 33,139.0 32,980.0 0.48
% at Rs 19,040 and Silver closed down by 0.65% at Rs. 32,980.
The Indian Rupee closed flat against the dollar at 44.94 as the Indian equity benchmarks ended on CURRENCY 30-Sep 30-Sep % Change
positive note. INR / USD 44.47 44.94 (1.05)
USD / Euro 1.37 1.36 0.74
Yen / USD 83.30 83.49 (0.23)
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: 369| October 4, 2010
ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
The country's merchandise exports rose 22.5 per cent in August to $16.64 billion TCS 935.5 965.5 3.21
from $13.58 billion a year ago. Imports also jumped 32.2 per cent annually to $29.67 Sterling BioTech 116.6 118.55 1.67
billion from $22.44 billion, resulting in huge monthly trade deficit of $13.03 billion, Ispat Industries 23.4 23.65 1.28
which is rising steadily since the beginning of the current financial year due to an Hexaware 75.7 76.55 1.19
increase in non-oil imports. Kotak Bank 496.6 502.05 1.11
Mll 59.3 59.9 1.10
Hero Honda 1848.2 1822.9 (1.37)
Ambuja Cement 141.9 140.1 (1.27)
State Bank Of India 3272.2 3248.3 (0.73)
ACC 1004.1 998.0 (0.61)
M&M 715.8 712.9 (0.41)
Educomp Solutions 612.2 610.7 (0.25)
INSTITUTIONAL ACTIVITY (Rs Cr) 28-Sep 27-Sep YTD
FII Cash Net 895 1,307 79,614
FII Stock Futures (477) (262) (3,276)
FII Index Futures (602) 268 (7,444)
Mutual Fund (568) (611) (20,279)
VALUATIONS P/E P/B DIV YLD
BSE 24.2 3.9 1.0
NSE 25.5 3.9 1.0
BSE500 Mcap/GDP Ratio 0.66
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Sterlite Industries 175.4 5.13 Motilal Oswal 213.7 19.56 Parenteral Drug 298.3 19.99
BHEL 2,590.1 4.29 Shree Global Trade 229.0 9.99 Orchid Chemicals 267.2 14.11
TCS 960.2 4.08 IFCI 66.5 8.76 Sujana Towers 102.5 9.98
Hindalco Inds 204.3 3.81 Zuari Industries 834.7 7.59 Splash Media 87.8 9.96
Jindal Steel 731.6 3.42 Godrej Industries 229.9 7.28 PNB Gilts 44.5 9.89
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Hero Honda 1,843.9 0.43 Pipavav ShipYard 86.2 -8.73 Koutons Retail 155.5 -9.99
Bharti Airtel 365.2 0.20 Sigrun Holdings 10.2 -4.94 JMD Telefilms 87.6 -9.69
- - - Honeywell Auto 2,507.5 -4.06 TTK Prestige 1123.4 -6.21
- - - KGN Industries 240.5 -2.59 Shristi Infrastructure 531.0 -4.92
- - - GTL Infra 45.6 -2.36 TTK Healthcare 437.6 -4.73
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Amtek India Saffron Finance Limited BUY 0.52% 64.4
DCM Ltd Manish Vrajlal Sarvaiya BUY 0.81% 132.5
IFCI Ltd. The Royal Bank Of Scotland N.V. BUY 0.89% 64.8
Sujana Tower Limited Elia Construction Pvt Ltd SELL 0.95% 100.8
Jupiter Bioscience Ltd Mahesh Mittal SELL 1.20% 93.1
BSE
Avon Corp Delight Financial Advisor BUY 1.20% 5.69
Sujana Towers Bharat Z Bhuptani BUY 0.89% 102.2
Systematix Corporation Lotus Global Investments BUY 0.88% 97.8
Sarda Energy IPRO Funds SELL 2.06% 274.8
Raj Packaging Jayesh K Vora SELL 0.43% 177.2
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