1. India-Global Market Summary 15-3-2013
• Market declined as weakness in European stocks hit investor
sentiment adversely. The market breadth was weak. The market
edged higher in early trade on firm Asian stocks. Sensex down
by 0.73% to 19427.56 and Nifty fell 0.62% to 5872.60.
Among the 30-share Sensex pack, 18 stocks fell while rest of
them rose.
• Reliance Industries (RIL) edged lower. ITC was slightly lower.
Shares of ICICI Bank, HDFC Bank and Axis Bank dropped
after these three private sector banks on Thursday said that
they are investigating allegations of money laundering
activities. Some PSU Banks edged higher. Realty stocks edged
lower on profit booking after recent gains. Capital goods stocks
edged lower.

2. • BHEL taken number of steps for enhancing its performance which include introduction of
upgraded modules -- 270 MW, 525 MW and 600 MW thermal units and also the super-critical
thermal sets of 660 MW, 700 MW and 800 MW ratings suiting the local conditions.
• Bhel has scaled up its capacity to deliver 20,000 MW of power equipment (main plant &
machinery) per annum
• Punj Lloyd surged 3.5% after the company said it has received an offshore project worth Rs
314 crore in Al-Khafji, Saudi Arabia from Al Khafji Joint Operations
• Glenmark Pharmaceuticals company said its subsidiary Glenmark Generics has filed an
abbreviated new drug application with USFDA for a generic version of FINACEA.
• Infosys rose 1.05% after the company said that Dentsu's Global Project team has selected
Infosys Edge to deliver a single, unified platform for driving projects and campaigns spanning
multiple countries and regions.
• Metal stocks rose as LMEX, a gauge of six metals traded on the London Metal Exchange
gained 0.57% on Thursday, 14 March 2013.
• Rupee gained 24 paise to 54.11 against the dollar in early trade at the Interbank Foreign
Exchange market today on increased selling of the US currency by exporters and banks
• Punj Lloyd has received an offshore project worth Rs 314 crore in Al-Khafji, Saudi Arabia
from Al Khafji Joint Operations.

3. Global news
• European stocks edged lower on Friday a day after closing at their highest level in nearly five years on
Thursday. Asian stocks were mixed on Friday. Trading in US index futures indicated a flat opening of
US stocks on Friday. US stocks edged higher on Thursday lifting the S&P 500 index to within 2 points
of its all-time closing high, as investors embraced the latest confirmation of an expanding economy
• European political chiefs paved the way for finance ministers to wrangle a rescue for Cyprus today as
the euro area seeks progress toward a bailout that's been batted about for nine months. Cyprus requested
a bailout in June and a deal on aid has been delayed by debate on how to cut the island nation's debt. The
previous government had rejected key demands by the so-called troika that oversees euro-area bailouts.
German Finance Minister Wolfgang Schaeuble said on Thursday that there's a willingness to help
Cyprus, provided the nation is willing to undertake the necessary reforms. A two-day European Union
summit in Brussels ends today with a 27-nation discussion of foreign policy, to be followed by a euro-
area ministers' meeting.
• The European Central Bank (ECB) on Thursday said that Greece has made significant progress in
rebuilding its challenged economy but more work must be done. Significant progress has been made, but
a few issues remain outstanding, the euro-zone central bank said in a statement, after a two week review
process conducted by staff teams from the European Commission, the ECB and the International
Monetary Fund--known as the Troika. Additional "technical work" will be necessary to settle those
issues, the ECB said, adding that the Troika mission to Greece intends to take a short break to allow this
work to be completed. The mission plans to return to Athens in early April to continue its work, the
statement said.
• The Japanese government upgraded its assessment of the economy for the third straight month, citing
improvements in industrial production and corporate profits.
• A faster-than-expected increase in US retail sales and a decline in weekly jobless claims added to signs
the world's biggest economy is recovering. The Labor Department reported initial applications for
unemployment benefits declined by 10,000 to 332,000 last week. Separately, the Labor Department
reported a 0.7% jump in producer prices in February, boosted by a rise in gasoline prices.

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