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1. Update - Global & Indian Markets. Contact Details:
www.finexpertise.blogspot.com
Market & Macro View.
rajat.dhar1@yahoo.com
Research Analyst: Rajat Dhar
+ (91) – 9999.760.359
Market Commentary - Global
Globally, majority of the markets ended in the red, although the only saving grace were American indices which
closed in the positive note. Top gainer was Nasdaq Composite Index which rose by 0.98% to close at 2,789.80. Dow
Jones, S&P 500 index also closed at upside of 0.34% & 0.56% to close at 12,479.70 & 1,316.14. Bovespa & Mexico IPC
closed 0.34% and 0.02% in the red. In Europe, Africa & Middle East markets, all major exchanges ended in red, with
only DAX closing slightly in green at 0.07% above the previous day’s close. In Asia-Pacific, only Nikkei 225 closed at
0.25% up, over the previous close figure. Hang Seng closed at 0.03% in the red. It was the increase in the global
crude prices that caused markets to slump, as Nymex crude future rose by 1.62%. This led gold 100oz future to
increase by 0.05% to close at 1,590.90. During the same time, in Indian markets, Sensex corrected by 0.03%, while
rose by 0.08%
Global Market Statistics
Commodities
Americas
VALUE CHANGE %
INDEX VALUE CHANGE % Nymex Crude Future 97.2 1.5 1.6
DOW JONES INDUS. AVG 12,479.7 42.6 0.34% Nymex Henry Hub
Future 4.5 0.1 3.8
S&P 500 INDEX 1,316.1 7.2 0.56%
Gold 100oz Future
NASDAQ COMPOSITE INDEX 2,789.8 27.1 0.98% (USD/t oz.) 1,590.1 0.8 0.05
S&P/TSX COMPOSITE INDEX 13,299.5 46.6 0.35% UBS Bloomberg CMCI 1,730.2 6.8 0.4
Currencies
MEXICO IPC INDEX 36,155.9 -8.7 -0.02% CURRENCY VALUE CHANGE %
BRAZIL BOVESPA INDEX 59,478.0 -201.3 -0.34% EUR-USD 1.415 0.0015 0.10%
USD-JPY 79.129 -0.011 -0.01%
Europe, Africa and Middle East GBP-USD 1.613 -0.0004 -0.02%
INDEX VALUE CHANGE % USD-CAD 0.953 -0.0074 -0.77%
Euro Stoxx 50 Pr 2,675.3 -19.9 -0.7% Category/Index Current Val Change(Pts) Change(%)
Broad
FTSE 100 INDEX 5,843.6 -3.2 -0.06%
SENSEX 18,561.9 -56.2 -0.3
CAC 40 INDEX 3,726.5 -24.6 -0.6% MIDCAP 7,006.7 -7.8 -0.11
SMLCAP 8,363.2 6.8 0.08
DAX INDEX 7,220.1 5.3 0.07%
BSE-100 9,740.6 -26.7 -0.27
IBEX 35 INDEX 9,484.2 -114.4 -1.1% BSE-200 2,307.3 -5.8 -0.25
BSE-500 7,261.5 -15.9 -0.22
FTSE MIB INDEX 18,450.4 -189.9 -1.0%
Thematic
AEX-Index 329.4 -0.9 -0.2% SHARIAH 50 1,161.2 -1.7 -0.15
OMX STOCKHOLM 30 INDEX 1,079.6 -11.9 -1.1% Investment
Strategy
SWISS MARKET INDEX 5,938.0 -42.9 -0.7% BSE IPO 1,772.6 1.6 0.09
Asia-Pacific DOLLEX-30 3,420.7 -11.3 -0.33
DOLLEX-100 2,261.8 -6.8 -0.3
INDEX VALUE CHANGE % DOLLEX-200 862.2 -2.4 -0.28
NIKKEI 225 9,974.47 38.3 0.39% Sectoral
IT 5,856.6 21.4 0.37
HANG SENG INDEX 21,875.40 -64.8 -0.30% POWER 2,597.2 1.0 0.04
S&P/ASX 200 INDEX 4,473.50 -17.2 -0.38% TECk 3,570.9 0.7 0.02
CG 13,739.6 1.3 0.01
OIL&GAS 9,121.12 -9.3 -0.1
Government Bonds
HC 6,518.25 -14.2 -0.22
COUPON MATURITY PRICE/YIELD % CD 6,886.48 -15.8 -0.23
BANKEX 12,846.94 -32.4 -0.25
US 10-Year 3.125 05/15/2021 101-27+ / 2.91 0-13 / -0.048 FMCG 4,039.31 -17.1 -0.42
PSU 8,541.96 -45.4 -0.53
Australia 10-Year 5.75 05/15/2021 106.47 / 4.91 0.074 / -0.009
REALTY 2,186.65 -11.8 -0.54
Brazil 10-Year 10 01-01-2021 872.87 / 12.53 -38.17391304
AUTO 8,993.51 -53.5 -0.59
METAL 14,610.04 -125.2 -0.85
Germany 10-Year 3.25 07-04-2021 104.79 / 2.70 0.375 / -0.042 Volatility Index
REALVOL-1MTH 4.81 -13.4 -73.5
Japan 10-Year 1.2 06/20/2021 101.01 / 1.09 -9.142857143
REALVOL-2MTH 4.81 -10.8 -69.2
UK 10-Year 3.75 09-07-2020 105.33 / 3.08 0.235 / -0.029 REALVOL-3MTH 15.5 -0.1 -1.0
Source: Bloomberg Source: Bloomberg / Yahoo Finance

2. Prior period cross comparison of Indices
Wk (%) Month (%) Year (%)
5.0
3.9 3.4 3.8 3.7 3.6
2.3 2.8
1.6
0.2 0.9 0.5
SENSEX MIDCAP SMALL CAP BSE 100 BSE 200 BSE 500 SHARIAH 50
-0.1 -1.1 -1.0 -0.8 -0.8
-1.6
-5.3 -5.3
-11.4
*% change over previous days close Source: www.bseindia.com
As the week ended on 15Th July, it was BSE Sectoral Performance
only BSE Oil & Gas, BSE Health Care
which closed at a positive of 1.12% & -0.85 IT POWER
-0.59 TECH CG
1.26% above the last week’s close.
-0.54
However, for the same duration Sensex OIL&GAS HC
-0.53
fell by 1.57%. Over a 1-Yr period only -0.42 CD BANKEX
Consumer Durables and FMCG have -0.25
FMCG PSU
posted returns above 20%, while as -0.23
Power / Oil & Gas have fell by more than -0.22 REALTY AUTO
10%. (Graph : Above) -0.1 METAL
0.01
IT , Power & Tech stocks tried to keep 0.02
market up. However, Metals, Auto 0.04
0.37
realty, PSU, FMCG, Bankex, etc ended in
the negative note. (Graph : RHS) -1 -0.5 0 0.5
Source: www.bseindia.com *% change over previous days close
Top 3 BSE Sectoral Gainers Top 3 BSE Sectoral Losers FOREX
Index Current Value Change (%) Index Current Value Change (%) End Date INR/EUR INR/USD INR/GBP
IT 5856.64
5,856.64 0.37
0.3 METAL 14,610.04 -0.8 15-07-2011 1.3% 0.8% 0.3%
POWER 2597.2
2,597.2 0.04
0.1 AUTO 8,993.51 -0.6 14-07-2011 2.1% 0.7% 1.2%
TECk 3570.9
3,570.9 0.02 REALTY 2,186.65 -0.5 13-07-2011 2.5% 0.5% 1.6%
12-07-2011 1.7% 0.8% 1.3%
Source: www.bseindia.com Source: www.bseindia.com
Source: www.oanda.com
Derivatives Market Watch
Derivatives Market Watch
Underlying Expiry of Strike price Net Change Turnover Spot Price OI Value
Asset contract (Rs.) Quantity LTP/Close (Rs.) (Rs.) (Rs.Lac.) (Rs.) (Rs.Lac.)
SENSEX 11-Aug-11 - 1020 18628 -188 189 18561.92 86.56
Source: www.bseindia.com
On the Forex front, INR saw grew stronger against USD by 0.81%, GBP by 0.29% & EUR by 1.29% at the back
drop of American debt problems and the economic instability in Europe, on the last day of week.
Derivative market, with sensex as underlying asset (having contract expiry at 11-Aug-11), saw a turnover of INR
189 lac/-.

3. Sensex – Top Gainers & Losers
-1.9 ONGC
TCS, M&M and Wipro closed the day on -2.0 Sterlite Inds
15th-Jul in green with TCS gaining 2.03%. -2.6 Tata Motors
Wipro 0.7
While as, Tata Motors, Sterlite & ONGC
Mahindra & Mahindra 0.8
closed in red, with Tata Motors going down
by 2.61% over the previous day’s close. TCS 2.0
-3 -2 -1 0 1 2 3
*% change over previous days close
ICDM – Indian Corporate Debt Market
ICDM saw the trade of INR 14,463.00 lacs as per the last data available. Largest turnover of INR 7500 lacs was seen
in LIC Housing Finance Ltd, which currently has a yield of 9.7% with 9.85% coupon rate maturing on 07 July’13.
Among the top 3 most traded, the other two are Tata Motors Ltd & SBI.
15 Jul 11 | 17:27
Coupon Maturity Wt.Avg Turnover
Issuer Name LTP Yield
(%) Date Price (Rs lacs)
LIC HOUSING FINANCE LTD 9.85 07-07-2013 100.2 100.2 9.7 7,500
TATA MOTORS LIMITED 9.75 24-05-2020 97.0 97.0 10.2 2,000
STATE BANK OF INDIA 9.95 16-03-2026 103.9 103.9 9.4 2,000
POWER FINANCE CORPORATION LIMITED 9.61 29-06-2021 101.6 101.3 9.3 1,540
TATA POWER LIMITED 11.4 02-06-2099 100.9 100.8 10.8 720
WEST BENGAL STATE ELECTRICITY DISTCO LTD 9.34 25-06-2025 94.9 94.9 10.0 310
INDIAN INFRASTRUCTURE FINANCE COMPANY LTD 6.85 22-01-2014 98.6 98.6 7.4 300
HOUSING DEVELOPMENT FINANCE CORPORATION LTD 9.4 13-04-2021 99.2 99.2 9.5 30
INDIAN RAILWAY FINANCE CORP. 9.57 31-05-2021 103.0 102.9 9.1 30
TATA STEEL LIMITED 11.5 11-05-2099 106.2 104.6 10.9 20
PUNJAB NATIONAL BANK 9.45 29-12-2099 99.5 99.5 9.4 10
SHRIRAM TRANSPORT FINANCE COMPANY LIMITED 10.35 22-11-2019 101.7 101.7 10.0 3
Total 14,463.00
Source: www.nse-india.com
Mutual Fund Inter-Scheme Transfer
14 Jul 11 | 13:02
Weighted
Security** Issuer Name Coupon (%) Maturity Date LTP Average Turnover
Code Price Yield (Rs. lakh)
Total 20,000.00
685LICH11 LIC HOUSING FINANCE LTD 6.85 28-09-2011 99.5 99.5 8.82 18,000.00
INDUSTRIAL DEVELOPMENT BANK OF
1135IDBI13 INDIA 11.35 15-12-2013 102.2 102.2 10.19 2,000.00
**Note :
Rate is per Rs. 100/- of face value.
MF Inter-scheme Transfer Turnover is part of Total ICDM Turnover.

4. Macro-Economic Updates - India
REAL SECTOR GDP*
30 Gross Domestic Product at current
25.6 prices
25 Agriculture
20 Industries
17.2
16.1
13.9 Services
15
Gross Domestic Product at
10 8.7 constant 2004-05 prices
7.8 7.5
6.1 Agriculture * % Change figures in GDP is for the duration
5 Jan/11-Mar/11, over the previous corresponding
period.
Industries
0 Source: Ministry of Finance. Department of Economic Affairs
IIP*
6
4.2 Capital
15 4 Goods
General Use Base
10.3 1.9 classification
Intermediate
10 Mining 2
Goods
5 3.6 3.2 Manufacturing 0 Consumer
1.2 Goods
Electricity -0.6
0 -2
* % Change figures in IIP is for the duration
May-11, over the previous corresponding
period.
Source: Ministry of Finance. Department of Economic Affairs
CPI*
10 CPI -Industrial Workers
9.63
9.44 9.44 (CPI [IW])
9.5
CPI-Rural Labourers (CPI
[RL])
9
8.72 CPI-Urban Non-Manual
Employees (CPI [UNME])
8.5
* % Change figures in CPI is for the duration
Wholesale Price Index
May-11, over the previous corresponding
8 (WPI)
period; except for CPI(UNMEI) for which it is
Source: Ministry of Finance. Department of Economic Affairs
Dec-10.
Interest Rates Rate Basis points
Bank Rate percent per annum Jul/1/2011 6 0
Prime Lending Rates percent per annum Jul/1/2011 9.25-10.00
Treasury Bill Rates percent per annum Jul/6/2011 8.19 282
Source: Ministry of Finance. Department of Economic Affairs

5. Contact Details
Research Analyst : Rajat Dhar Rajat Dhar
B1/15, Agresen Appartments,
E-mail ID : rajat.dhar1@yahoo.com
Plot 10, Sector 7, Dwarka, New Delhi, India. –
Mobile : + (91) – 9999.760.359 1100 75
www.finexpertise.blogspot.com
+ (91) – 11 – 250.71.724
Disclaimer
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confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be
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any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in
this report. This document is provided for assistance only and is not intended to
be and must not alone be taken as the basis for an investment decision. The views expressed may not be suitable for all investors.
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The information given in this document is as of the date as mentioned in the report and there can be no assurance that future results
or events will be consistent with this information. This information is subject to change without any prior notice. Research Analyst
reserves the right to make modifications and alterations to this statement as may be required from time to time. However, the
Research Analyst is under no obligation to update or keep the information current. Nevertheless, the Research Analyst is committed
to providing independent and transparent recommendation to its client and would be happy to provide any information in response to
specific client queries. The Research Analyst shall not be liable for any damages whether direct, indirect, special or consequential
including lost revenue or lost profits that may arise from or in connection with the use of the information. Past performance is not
necessarily a guide to future performance. The analyst for this report certifies that all of the views expressed in this report accurately
reflect his or her personal views about the market, subject company or companies and its or their securities.
Copyright (c) 2011 Rajat Dhar