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
Oct 23, 2010
The key benchmark regained strength in today’s trading session as world stocks rose. The market breadth was strong. High
beta technology and IT stocks saw profit booking while consumer durables stocks gained. Index heavyweight Reliance
Industries came off the day's high.
FMCG major Hindustan Unilever rose as Q2 net profit surged. The standalone net profit stood at Rs. 566.12 crore as against Rs.
428.53 crore reported in same quarter last year. Net sales for the quarter grew by 10.7%, driven by 14% volume growth, to Rs.
4680.87 crore compared with Rs. 4228.11 crore for the same quarter of the previous year.
The BSE 30-share Sensex was up 137 points or 0.68% at 20166 while NSE 50-share Nifty ended the day at 6106 up 40 points or
0.66%.
Stocks Performances
Cement Stocks: JK Cement (+4.9%), Amubja Cement (+3.2%), India Cement (+2.8%)
Cement stocks rose on expectations of a revival of demand with South West monsoon over.
Shipping Stocks: ABG Ship (+11.6%), MLL (+7.2%), Bharati Ship (+6.1%), GE Ship (+2.9%)
The Baltic dry index (BDI), which measures freight costs for dry bulk commodities such as
iron ore and coal rose on account of cold weather condition in China
Textile Stocks: Vardhaman (+6.5%), Alok Ind (+6.5%), Arvind (+4.8%), S Kumar (+4.8%)
A surge in demand for clothing in the developing world coupled with the devastating floods
in Pakistan and a heavy monsoon season in China and India have made cotton a highly
sought-after commodity. Due to this, apparel makers have raised prices by more than 15
per cent.
Consumer Durable Stocks: Gitanjali (+11.4%), Trent (+7.5%)
Consumer durables stocks saw renewed buying interest on account of festive season.
Meanwhile, Gitanjali Group is all set to acquire Italy’s DIT Group’s signature brands Stefan
Hafner, Porrati, Nouvelle Bague of Florence and Io Si. for Euro 20 million. Deal will be
wrapped up within a month.
Top 3 Sensex Gainers:
Hindalco (+4.3%),
ACC (+4%),
Tata Motors (+2.8%)
Top 3 Sensex Losers:
Wipro (-4%),
Infosys (-1.1%),
ITC (-1.1%)
Top 3 Sectoral Indices:
CD (+2.4%),
AUTO (+1.2%),
METAL (+1.1%)