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

1. Disclaimer: This document is prepared by Fullerton Securities & Wealth Advisors Ltd (FSWA). 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. The information provided in the document is on the "best effort" basis and is subject to change
depending on several factors, including general market conditions. 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 returns shown are merely estimates and forecasts and are not necessarily indicative of future performance and can change without notice. 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. www.fullertonsecurities.co.in Page | 1
Market Wrap Up
Nov 1, 2010
The key benchmark indices traded firm during today’s trading session as European equities rose in early trade. Surge in
manufacturing activity in October 2010 and good Q2 September 2010 results boosted investor sentiment. Meanwhile, trading
was suspended on BSE from 12:00 p.m to 2:30p.m. due to a technical problem. The BSE trading was halted as members were
facing problems in getting trade confirmation.
Banking stocks were on a roll with sector heavyweight ICICI Index striking 52-week high on decent Q2 results. Index
heavyweight Reliance Industries (RIL) edged higher triggered by good Q2 results. But, Hero Honda Motors and Maruti Suzuki
India declined as their earnings missed market expectations. State-run oil marketing firms advance in firm market.
The manufacturing sector expanded in October 2010 at a much faster pace than in September 2010, supported by strong
output and a sharp rise in new business. The Purchasing Managers' Index (PMI), HSBC Markit PMI, based on a survey of 500
Indian companies, rose to 57.2 in October 2010 from 55.1 in September 2010 and 57.2 in August 2010. New orders climbed for
the 19th month in a row and at a faster rate than in September 2010.
The BSE 30-share Sensex was up 323 points or +1.61% at 20356 while NSE 50-share Nifty ended the day at 6118 up 100 points
or +1.66%.
Stocks Performances
Cement Stocks: ACC (+3.1%), India Cement (+2%), Madras Cement (+1.9%)
ACC has reported cement despatches of 1.92 million tonnes in October 2010, higher from
1.69 million tonnes in the same month in 2009. Cement production during October 2010
was 1.98 million tonnes compared to 1.71 million tonnes in the year-ago period.
Banking Stocks: ING Vysya Bank (+8.7%), IndusInd Bank (+8%), Uco Bank (+7%)
Banking stocks rallied after better than expected numbers posted by ICICI bank on Friday.
ICICI bank continued its momentum in today’s trading session as well.
Consumer Durables: Titan (+6%), Videocon (+3%), Rajesh Exports (+2.8%)
Consumer durables stocks resumed their uptrend after last week’s consolidation.
Top 3 Sensex Gainers:
ICICI Bank (+6%),
M&M (+4.7%),
JP Associate (+3.6%)
Top 3 Sensex Losers:
Maruti (-2.7%),
Hero Honda (-1.4%),
NTPC (-0.9%)
Top 3 Sectoral Indices:
CD (+3.6%)
BANKEX (+3.4%)
REALTY (+2.9%)