The Indian equity markets gained 0.8% led by large cap stocks from sectors like IT, FMCG, oil & gas, and telecom. The BSE Sensex closed at 19,445 and the Nifty at 5,834. Globally, US stocks finished the quarter with gains but lost momentum on the last day. In Asia, markets opened mixed with Nikkei down 0.27% and Strait Times up 0.1%. On the corporate front, Glenmark announced a new oncology molecule, Reliance MediaWorks is raising funds, and L&T sold its stake in a joint venture.

1. April 1, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 31-Mar 30-Mar % Change COMMENTARY
BSE Sensex 19,445 19,290 0.80
NSE Nifty 5,834 5,788 0.80 INDIA
BSE Midcap 6,874 6,856 0.26 The Indian equity markets registered yet another day of smart gains on Thursday amid volatile trades on
F&O expiry. Yesterday’s, upswing was led on the back of good rollovers. The large caps stocks like Bajaj
BSE Smallcap 8,176 8,160 0.20
Auto, ONGC, TCS and Hindustan Unilever led from the front. Sector wise, IT, FMCG, Oil & Gas and the
Nifty Junior 11,280 11,273 0.06
Telecom stocks were in momentum as Nifty extended its winning streak to eight trading session surging
CNX Midcap 8,040 8,032 0.11 0.80%. The significant rally was fueled by renewed traction in FII flows and recovery seen in the global
equity markets. The BSE Sensex ended at 19,445 gaining 0.80%, while, the NSE Nifty 0.80% to close at 5,834.
GLOBAL MARKETS 31-Mar 30-Mar % Change The BSE market breadth was marginally positive. Out of 2,951 stocks traded, 1,446 advanced while 1,409
Dow Jones Ind (USA) 12,320 12,351 (0.25) declined.
Nasdaq Composite(USA) 2,781 2,777 0.15
S&P 500 (USA) 1,326 1,328 (0.18)
FTSE 100 (UK) 5,909 5,948 (0.66) GLOBAL MARKETS
DAX (Germany) 7,041 7,057 (0.22)
US stocks finished the first quarter in lacklustre fashion, but still scored their best first quarter performance
Nikkei 225 (Tokyo) 9,755 9,709 0.48
since 1998. Markets lost its momentum as initial jobless claims came slightly greater than expected while
Hang Seng (Hong Kong) 23,528 23,451 0.33 there remains some caution for the payrolls report that is expected today. Dow Jones ended down 0.25%
Shanghai Comp (China) 2,930 2,956 (0.88) at 12320, Nasdaq ended up 0.15% at 2781 and S&P ended down 0.18% at 1326.
KOSPI (South Korea) 2,107 2,091 0.73
STI (Singapore) 3,106 3,095 0.34 Asian markets have opened on a mixed note as Nikkei is down 0.27% at 9727, Strait Times is up 0.10% at
MSCI Emerging Market 446 435 2.48 3109. SGX Nifty is trading at 5864 up 30 points indicating a positive opening.
MSCI Frontier Market 561 562 (0.17)
BOND MARKETS 31-Mar 30-Mar Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.08 8.11 (0.03) Glenmark Pharmaceuticals on Thursday announced the discovery of a new molecule for oncology
1yr G-Sec Yield 7.64 7.64 0.00 treatment and said it would file an application for phase-I trials in the fourth quarter of FY12.
LIBOR (6m) 0.46 0.46 0.00
LIBOR (1m) 0.26 0.26 0.00 Indian film and entertainment firm Reliance MediaWorks is in talks with strategic investors to raise Rs
Interbank Call rate 500 crore($112 million) to Rs 600 crore through a sale of equity.
9.3 7.2 2.09
Larsen & Toubro (L&T) has sold its stake in L&T-CASE Equipment Private Limited to it’s JV partner CNH
Global NV, a global leader in the agricultural and construction equipment business.
BSE Turnover Rs Cr('000) Sensex
19600 3.8 Kalpataru Power Transmission Limited has secured new orders worth Rs. 9.5bn.The company has won
3.7 3 contracts from Power Grid Corporation namely 400 KV Krishnapatnum UMPP to Gooty Transmission
19400 line, 765 KV Jabalpur Pool to Bina Transmission line & 765 KV Gwalior - Jaipur Transmission line, totaling
3.6
19200 3.5 to Rs. 5.36bn These projects have to be delivered in next 21 to 27 months.
3.4
19000 Leading networking firm Smartlink Network Systems said that it will sell its Digilink business to
3.3
18800 3.2 Schneider Electric India for Rs 503 crore in an all-cash deal.
3.1
18600
3.0 India's apparel exports grew by about 24% to $1.1 billion in February 2011 -- the highest in this
18400 2.9 fiscal -- year-on-year, due to a strong demand from the US and European markets. The exports stood at
25-Mar 28-Mar 29-Mar 30-Mar 31-Mar $938 million in 2009-10, according to the data provided by the Apparel Export Promotion Council
(AEPC).
Bajaj Auto, India's second largest two-wheeler maker, expects sales to rise 20% in the fiscal year
beginning on April 1, Managing Director Rajiv Bajaj reported on Thursday. Bajaj Auto posted a 21.7% rise
NSE Turnover Rs Cr('000) Nifty
5850 25 in February sales to 326,874 units.
5800 20 In a landmark decision, the government has eased norms for investments by foreign companies that
5750 are present in India through a joint venture (JV) or a technical collaboration.
88.38 15
#DIV/0!
5700 Now, the foreign company will not have to seek a no-objection certificate from the Indian partner for
10 investing in the sector where the joint venture operates.
5650
5600 5 GMR Infrastructure said Macquarie SBI Infrastructure Investments had invested Rs 893 crore ($200
5550 0 million) in its wholly-owned airport subsidiary, GMR Airports Holdings. The investment was made
25-Mar 28-Mar 29-Mar 30-Mar 31-Mar through compulsory convertible preference shares.
`

2. April 1, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 31-Mar 30-Mar % Change CORPORATE NEWS
IT 6,548 6,425 1.92 Vascon Engineers said on Thursday it received board approval to buyout 20% stake
FMCG 3,596 3,537 1.67 in partnership firm Ajanta Enterprises for Rs 55 crore.
Oil&Gas 10,241 10,095 1.44
Teck 3,856 3,802 1.42 Tata Power said that it had started commercial operation of another 120-MW unit at
Metal 16,161 16,005 0.98 its coal-based power plant at Jojobera, in Jamshedpur. Commercial operation of the
Realty 2,337 2,315 0.95 latest 120-MW unit at Jojobera -- dubbed Unit 5 -- began on March 27.
Power 2,712 2,689 0.86
Vodafone, the world's largest mobile operator by revenue, said on Thursday it had
PSU 8,960 8,922 0.42
agreed to pay $5 billion in cash to buy out the Essar Group from its joint venture in
Auto 9,291 9,255 0.38 India.
Capital Goods 13,234 13,255 (0.16)
Consumer Durables 6,240 6,253 (0.22) Welspun Corp said that it has bagged pipe orders worth Rs 1,182 crore, the majority
Heathcare 6,024 6,045 (0.35) of which are from international clients.
Bankex 13,300 13,393 (0.70)
Japan's NTT DoCoMo said on Thursday it plans to invest about 8 billion rupees ($179
million) in a rights issue by Tata Teleservices, in which the Japanese firm owns a 26%
stake.
Leading networking firm Smartlink Network Systems said that it will sell its Digilink
business to Schneider Electric India for Rs 503 crore in an all-cash deal.
BSE Upper Circuit Breakers
Company Name 31-Mar 30-Mar % Change Aurobindo Pharma has received the final approval from the US Food & Drug
BNK Cap ital Markets 43.2 36.0 20.00 Administration (USFDA) to manufacture and market Fosinopril Sodium Tablets USP
K Sera Sera 13.3 11.1 20.00 10mg, 20mg and 40mg.Fosinopril Sodium Tablets USP 10mg, 20mg and 40mg is the
Malu Ppaer 15.4 12.9 20.00 generic version of Bristol-Myers Squibb Company Pharmaceuticals Research Institute
CHISEL 179.3 163.0 10.00 Monopril Tablets 10mg, 20mg and 40mg.
0
Betex India 196.4 187.0 5.00
3i India Infrastructure Fund, an investment fund is investing around $45 million
(around Rs 200 crore) for a minority stake in Ind-Barath Energy (Uktal), a subsidiary
of Ind-Barath Power Infra (IBPIL).
Mahindra & Mahindra, India's largest utility vehicle maker plans to launch
Ssangyong Motor's Korando-C and Rexton SUVs in India in the first half of next year.
BSE Lower Circuit Breakers
Company Name 31-Mar 30-Mar % Change Power transmission firm KEC International said that it has secured contracts worth Rs
Dhampure Speciallty 22.6 25.1 (10.00) 801 crore from domestic and international vendors.
Acropetal Technologies 61.5 68.3 (10.00)
PFL Infotech 198.0 208.4 (5.00) Godrej Consumer Products Ltd. (GCPL) has announced the completion of merger of
Sampada Chemicals 362.5 381.5 (5.00) Godrej Household Products Ltd. (GHPL) with GCPL. This is subsequent to the Board
RM Mohite 167.4 176.2 (5.00) of Director’s approval of the merger of GHPL with GCPL.
The world’s largest coal miner Coal India Ltd (CIL) has set production and coal off-
take targets of 452 million tonnes (MT) and 454 MT respectively for the financial year
2011-12.
A consortium of 13 banks led by State Bank of India, which have lent to UB Group’s
Kingfisher Airlines, have converted a part of their loans to equity, at Rs 64.48 per
share.
COMMODITY 31-Mar 30-Mar % Change COMMODITY / CURRENCY NEWS
Crude Oil (USD/bbl) 106 105 1.27
Gold (Rs/10gm) 20,855 20,728 0.61
Silver (Rs/kg) 55,376 55,810 (0.78) Light Sweet Crude Oil on Thursday gained 1.27% closed at $106 per barrel. Gold closed
up by 0.61% at Rs20,855 and silver closed down by 0.78% at Rs 55,376
CURRENCY 31-Mar 30-Mar % Change The Indian Rupee closed higher against the dollar at Rs 44.76 as the Indian equity
INR / USD 44.76 44.94 (0.40) benchmarks ended on positive note.
USD / Euro 1.42 1.41 0.73
Yen / USD 82.85 82.86 (0.01)

3. April 1, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
Glaxo 2016.0 2,062.6 2.31
Sun Tv 440.0 449.1 2.07 Census 2011: 1.2 billion Indians, 74% literacy, female population up 18.12%. India’s
GTL Infra 36.9 37.6 1.76 population growth rate has decelerated to 17.64 per cent in the decade 2001-11, the
ABB 783.0 796.7 1.75 slowest rate of growth this past century,
OnMobile 240.0 242.5 1.06
SunPharma 438.2 442.3 0.94 Food inflation in India edged lower in the third week of March, dipping below the
McDowell India 1061.0 1,025.0 (3.39) double digit mark once again, data released by the Government showed. But,
inflation in the fuel group increased marginally.
MTNL 46.4 45.3 (2.37)
India’s food inflation decreased to 9.5% in the week ended March 19 from 10.05% in
Rel Infra 703.2 690.0 (1.88) the previous week, the Commerce & Industry Ministry said in a statement yesterday.
APIL 601.0 590.0 (1.84)
FinTech 880.0 864.2 (1.80) The Centre's fiscal deficit during April-February 2010-11, worked out to be 68.6% of
KFA 40.45 39.8 (1.61) the estimates, compared to 92% in the same period last year, showing improvement
in the fiscal position.
INSTITUTIONAL ACTIVITY (Rs Cr) 22-Mar 21-Mar YTD
FII Cash Net 314 (68) (6,150) The World Gold Council research shows that by 2020 cumulative annual demand for
FII Stock Futures 629 213 4,845 gold in India will increase to excess of 1200 tonnes or approximately Rs. 2.5 trillion, at
FII Index Futures 1,664 (97) (3,270) current price levels.
Mutual Fund (2) (258) 2,334
China's manufacturing growth accelerated for the first time in four months, easing
concern that monetary tightening may lead to a sharp slowdown in the world’s
VALUATIONS P/E P/B DIV YLD second-biggest economy as the Purchasing Managers’ Index rose to 53.4 in March
BSE 21.2 3.7 1.1 from 52.2 in February.
NSE 22.1 3.7 1.1
BSE500 Mcap/GDP Ratio 0.61
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Bajaj Auto 1459.8 2.9 BOC India 300.5 11.61 KSERASERA-$ 13.26 20
ONGC 290.1 2.76 Kansai Nerolac 889.95 9.26 AP Paper 283.35 19.99
TCS 1182.5 2.71 Mindtree 393 7.44 KNR Constr 115.7 15.76
Hindustan Unilever 284.6 2.5 Kirloskar Bros-$ 135 6.38 Dynamatic Tech-$ 1390 15.28
Hero Honda 1586.6 2.23 Procter & Gamble 1901 6.33 Surya Pharma 24.5 13.43
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
SBI 2767.9 -3.19 Himadri Chem 43.55 -5.33 Shree Ram Mills 133.55 -9.37
Cipla 321.1 -2.01 JM Financial-$ 24 -5.14 Koutons Retl 31.95 -7.79
Reliance Comm 107.7 -2 Motilal Oswal 128.75 -5.02 KIRLOSKAR EL 45.85 -7.28
Mahindra & Mahindra 698.6 -1.61 Jet Air India 447.15 -4.79 Chromatic India 105 -7.2
Maruti Suzuki 1263.6 -0.95 Spicejet 38.3 -4.61 Rossell Tea 55.75 -6.62
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Acropetal Tech Crosseas Capital Services BUY 0.80% 62.1
Acropetal Tech Jigyasa Properties Pvt. Ltd. SELL 2.20% 62.0
Sudar Garments Crosseas Capital Services BUY 3.60% 111.9
Sudar Garments Airan Finstocks Pvt. Ltd. SELL 1.95% 114.3
PBA Infra Ramniwa Bajaj & Co, HUF BUY 0.50% 79.3
BSE
Acropetal Tech Crosseas Capital Services BUY 1.86% 62.0
Acropetal Tech Dirva Trade Impex Pvt Ltd SELL 0.90% 62.3
Piramal Life Paramount Pharma SELL 2.90% 106.8
Chandni Tex Jhaveri Trading & Investment Pvt Ltd BUY 6.60% 45.6
Chandni Tex Jhaveri Trading & Investment Pvt Ltd SELL 9.50% 49.6