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

1. Volume: 1 | Issue: 374| October 11, 2010
COMMENTARY INDIAN MARKET 08-Oct 07-Oct % Change
INDIA BSE Sensex 20,250 20,315 (0.32)
It was the second straight day of losses for the Indian markets on Friday with domestic investors NSE Nifty 6,103 6,120 (0.28)
booking profits, although foreign funds continued to invest substantial amounts. The NSE Nifty BSE Midcap 8,330 8,370 (0.47)
lost nearly 90 points and the BSE Sensex lost almost 300 points in the past two days. The decline BSE Smallcap 10,512 10,542 (0.28)
was led by the Metals, Auto and the Power stocks with defensives like Pharma and select IT stocks Nifty Junior 13,066 13,126 (0.45)
bucking the negative trend. The BSE Sensex slipped by 65 points to close at 20,250. The NSE Nifty CNX Midcap 9,404 9,470 (0.70)
lost 17 points to close at 6,103.The BSE Midcap and BSE Smallcap ended marginally in red at 0.47
and 0.28 percent respectively.
GLOBAL MARKETS 08-Oct 07-Oct % Change
Market breadth was negative with 1120 advances against 1825 declines. Dow Jones Ind (USA) 11,006 10,949 0.53
Nasdaq Composite(USA) 2,402 2,384 0.77
GLOBAL MARKETS S&P 500 (USA) 1,165 1,158 0.61
The Dow closed above the 11,000 mark for the first time in five months on Friday as a surprisingly FTSE 100 (UK) 5,658 5,662 (0.08)
weak jobs report strengthened the case for more stimulus from the Federal Reserve. While a loss DAX (Germany) 6,292 6,276 0.25
of 95,000 jobs normally might be expected to hurt stocks, the market's desire for cheap money Nikkei 225 (Tokyo) 9,589 9,685 (0.99)
trumped concerns about the slow economy. The Dow Jones Industrial Average gained 57 points, Hang Seng (Hong Kong) 22,944 22,884 0.26
or 0.53%, to close at 11,006. The Standard & Poor's 500 Index rose 7 points, or 0.61%, to 1,165.
Shanghai Comp (China)* 2,739 2,656 3.13
The Nasdaq Composite Index climbed 18 points, or 0.77%, to 2,402.
KOSPI (South Korea) 1,897 1,901 (0.20)
STI (Singapore) 3,153 3,167 (0.42)
Asian stocks are speculating Quantitative Easing by the Fed to join them in pushing growth,
MSCI Emerging Market 418 418 0.00
sending Australian commodity shares higher. The Nikkei and Hang Seng are closed today.
MSCI Frontier Market 566 566 0.00
CORPORATE/ ECONOMY NEWS BOND MARKETS 08-Oct 07-Oct Change
After reporting a 27.3 per cent rise in domestic automotive sales in the first half of the 10yr G-Sec Yield 7.98 7.94 0.04
current financial year, the Society of Indian Automobile Manufacturers (Siam) expects 1yr G-Sec Yield 6.85 6.85 0.00
growth in the domestic market to close at 18-20 per cent for the entire year. Last year, the LIBOR (6m) 0.46 0.46 0.00
industry had witnessed 26.4 per cent growth. LIBOR (1m) 0.26 0.26 0.00
Interbank Call rate 5.8 5.9 (0.07)
SpiceJet, which launched its international operations on Thursday, will be concentrating more
on expanding international operations.
BSE Turnover Rs Cr('000) Sensex
20600 8.0
JSW Steel said its production in the July-September quarter grew by 8 per cent to 3.14 million
7.0
tonnes, on the back of a steady rise in demand. 20500 6.0
20400 5.0
The Ministry of Coal (MoC) has slapped a showcause notice on Mahanadi Coalfields Limited
(MCL), JSW Steel Ltd, JSL Ltd and Shyam DRI Power Ltd for the inordinate delay in 4.0
20300 3.0
development of the Utkal-A coal block under the command area of MCL.
20200 2.0
BS Transcomm Limited, a Hyderabad-based provider of towers to telcos and power 1.0
transmission companies, is expecting its off-grid renewable energy solutions business to 20100 0.0
contribute Rs 200 crore over the next 10 years. 4-Oct 5-Oct 6-Oct 7-Oct 8-Oct
Russia has disqualified state-run Oil and Natural Gas Corp (ONGC) from bidding for the giant
Trebs and Titov fields in northwest Russia, a development that an Indian executive claimed was
based on “flimsy” grounds. NSE Turnover Rs Cr('000) Nifty
6200 25
State-owned Rashtriya Chemicals and Fertilizers Ltd (RCF) has turned down a government 6180
20
offer to swap its cheaper KG-D6 gas from Reliance Industries (RIL) for Oil and Natural Gas 6160
6140 15
Corporation’s (ONGC’s) C-Series gas.
6120 10
Sujana Universal Industries Limited (SUIL) would merge its appliances division with Chennai- 6100
5
based Vijay Home Appliances. 6080
6060 0
India's Jindal Steel and Power has started to build a $2.1 billion iron ore mine and steel project 4-Oct 5-Oct 6-Oct 7-Oct 8-Oct
in eastern Bolivia after a series of delays.
`
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: 374 | October 11, 2010
CORPORATE NEWS SECTOR 08-Oct 07-Oct % Change
The July-September quarter of 2010 has been the best-ever Q2 for SAIL with sales of 3.17 Healthcare 6,306 6,255 0.82
million tonnes (MT) achieved during the period in comparison to sales in Q1 SAIL achieved a IT 6,053 6,030 0.37
growth of 30 percent. Oil&Gas 10,806 10,781 0.22
Teck 3,757 3,751 0.15
State-owned NTPC said that it may invest over Rs 10,000 crore to set up a 2,640 MW thermal FMCG 3,626 3,635 (0.22)
power project at Gidarbaha in Punjab. Bankex 14,185 14,224 (0.27)
Realty 3,892 3,903 (0.30)
Essar Energy, India’s second-largest non-state refiner, may buy a refinery or storage facilities Capital Goods 16,249 16,326 (0.47)
overseas to help boost exports of cleaner-burning fuels to be produced when its west coast plant PSU 10,499 10,557 (0.55)
is expanded. Power 3,304 3,333 (0.89)
Consumer Durables 6,484 6,555 (1.08)
HPCL, the state-owned oil marketing company and refinery, is in talks with the Naveen Jindal- Auto 9,701 9,829 (1.30)
owned Jindal Petroleum to buy the Jindals’ 25% in an oil and gas block in Rajasthan. Metal 17,392 17,655 (1.49)
Manufacturers of wind electric generators, RRB Energy Ltd, proposed to invest about Rs 400
crore as part of expanding its footprint in Rajasthan.
Surya Roshni, the flagship company of Surya Group, has earmarked an investment of Rs 100
crore to produce both pipes and lighting products at Shimoga in Karnataka.
BSE Upper Circuit Breakers
Company Name 08-Oct 07-Oct % Change
Auto major Mahindra & Mihandra (M&M) reported that, due diligence on South Korean sports
GMR Industries 160.2 133.5 20.00
utility vehicle-maker SsangYong Motor Company is almost over and work on a draft agreement
will begin by the month-end. Binani Industries 168.3 140.3 20.00
Industrial & Prudential 2065.0 1877.3 10.00
The oil ministry has said Reliance Industries is not right in seeking an out-of-turn hike in price of 0 DCM Education 14.0 12.7 10.00
natural gas produced from KG-D6 fields and asserted the USD 4.205 per mmBtu rate will prevail Orissa Minerals 42619.2 40589.7 5.00
unless pricing formula is changed.
PSU Heavy Engineering Corporation Ltd (HEC) said that it requires Rs 500 for diversification
that would take the turnover to Rs 3,000 crore in the next two to three years.
Power Finance Corpration , the state-owned company facilitating the development of ultra BSE Lower Circuit Breakers
mega power projects (UMPPs) of 4,000 MW each, has identified seven locations across the Company Name 08-Oct 07-Oct % Change
country where these projects would come up. JMD Telefilms 66.7 74.1 (10.00)
Koutons Retail 130.7 145.2 (10.00)
Gujarat NRE Coke reported that coke prices are expected to go up to Rs 25,000-26,000 a tonne MYM Tech 11.8 12.4 (5.00)
by December from the current level of Rs 21,000 a tonne. Alchemist Corporation 8.8 9.2 (5.00)
Devine Implex 51.5 54.2 (5.00)
State-owned Hindustan Copper Ltd (HCL) has invited bids to map the reserves, within days of
getting rights to prospect a copper mine in Rajasthan.
Aditya Birla Group firm Madura Garments Lifestyle Retail will bring global brands - Missoni and
Vivienne Westwood - in India to strengthen its presence in women category at its ‘The Collective’
luxury stores.
COMMODITY / CURRENCY NEWS COMMODITY 08-Oct 07-Oct % Change
Crude Oil (USD/bbl) 82.8 81.3 1.93
Gold (Rs/10gm) 19,451.0 19,470.0 (0.10)
Light Sweet Crude Oil on Friday was up by 1.93 % at $82.8 per barrel. Gold closed down by 0.10
Silver (Rs/kg) 34,150.0 34,029.0 0.36
% at Rs 19,451 and Silver closed up by 0.36 % at Rs. 34,150.
The Indian Rupee closed lower against the dollar at 44.42 as the Indian equity benchmarks ended CURRENCY 08-Oct 07-Oct % Change
on negative note. INR / USD 44.42 44.20 0.50
USD / Euro 1.39 1.39 -
Yen / USD 82.07 82.34 (0.33)
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: 374| October 11, 2010
ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
The Indian government does not need to restrict foreign institutional investment Adani Power 136.0 137.7 1.29
and foreign direct investment at this time, Finance Minister Pranab Mukherjee said Renuka 83.0 83.95 1.21
after the rupee climbed to near-two-year high. Opto Circuit 310.1 313.8 1.19
Tata Global Beverages 132.6 134.05 1.09
The power generation in India seems to be on track in the first half this fiscal (April- Hexaware 82.5 83.4 1.09
September), as the electricity production remained 97.15 per cent of the planned KS Oils 52.9 53.45 1.04
409.04 billion units of electricity. Hero Honda 1844.2 1801.7 (2.30)
ACC 1018.3 1010.4 (0.78)
Madhya Pradesh government has decided to invest Rs 25,000 crore in Public Private
Bank Of Baroda 942.2 934.9 (0.77)
Partnership (PPP) in next three years for fast-pace development.
Ambuja Cement 141.2 140.3 (0.67)
M&M 705.1 700.9 (0.59)
Passenger car sales in India grew by over 30% in September, as easy finance
availability coupled with the introduction of a slew of new models and a booming Educomp Solutions 628.1 625.9 (0.35)
economy continued to lure consumers.
INSTITUTIONAL ACTIVITY (Rs Cr) 05-Oct 04-Oct YTD
Minister of Petroleum and Natural Gas has informed that under the ninth round of FII Cash Net 970 1,964 91,212
NELP, Government of India will be offering 34 blocks from 10 sedimentary basins. FII Stock Futures (1,176) (470) (4,899)
FII Index Futures 221 (892) (7,606)
Engineering exports grew by about 16 per cent to $3.22 billion in August year-on- Mutual Fund (325) (353) (24,053)
year on increasing demand, mainly from the US market. In August 2009, the
engineering exports stood at $2.78 billion. VALUATIONS P/E P/B DIV YLD
BSE 24.0 3.8 1.0
Maharashtra and the National Capital Region accounted for over 50 per cent of the NSE 25.4 3.8 1.0
foreign direct investment (FDI) inflows into the country during April-July 2010-11 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 %
Cipla 337.0 1.74 JUBL FOOD 525.1 6.89 Binani Industries 168.3 20.00
Hindalco Industries 214.5 1.32 Indiabulls Fin 182.9 6.74 GMR Industries 160.2 20.00
Reliance Communications 180.4 1.26 Atlas Copco 1,583.1 6.17 Mandhana 225.1 9.75
Wipro 462.2 0.98 Edelweiss Cap 62.5 5.49 Surya Roshni 113.3 8.27
RIL 1,048.3 0.94 IFCI 73.2 5.48 Intra Infotech 35.5 7.74
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Tata Steel 627 -3.48 Havells India 426.5 -49.76 JMD Telefilms 66.7 -9.99
Mahindra & Mahindra 706 -2.74 Rajesh Exports 100.6 -4.56 Koutons Retl 130.7 -9.99
Jaiprakash Asso 132 -2.30 Greaves Cotton 435.2 -4.08 Kanani Inds 320.9 -6.29
Tata Motors 1,105 -1.90 JM Financial 40.3 -3.59 Jai Balaji Inds 242.5 -5.01
ONGC 1,362 -1.66 Indian Bank 300.0 -3.29 Balaji Dist 48.5 -4.90
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Amar Remedies MBL & Company BUY 0.84% 113.3
Nu Tek India Trans Financial Resources BUY 0.92% 53.3
Kinetic Motor Company Jmp Securities BUY 0.72% 43.8
Lokesh Machines Manish Vrajlal Sarvaiya SELL 0.60% 66.1
VIP Industries Crosseas Capital Services SELL 0.54% 659.0
BSE
Anil Special Jatin Laxmikant Trivedi BUY 0.88% 17.75
Kingfisher Air lines Genuine Stock Brokers BUY 0.97% 80.2
Pipavav Shipyard Trinity Capital (Nine) SELL 1.02% 83.5
IFCI Genuine Stock Brokers SELL 0.65% 71.4
VIP Industries Crosseas Capital Services SELL 0.53% 625.5
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