The Indian stock markets gained modestly on March 3, extending post-budget gains. The BSE Sensex rose 0.24% to close at 18,490 points and the NSE Nifty gained 0.25% to end at 5,536 points. Global markets also rose, with the Dow and S&P 500 gaining over 1.5% each on positive US economic data. Several Indian companies such as Ashok Leyland, TCS, and NDTV announced positive corporate news. The markets were supported by declining food inflation and gains in auto and capital goods stocks.

1. March 4, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET * 03-Mar 01-Mar % Change COMMENTARY
BSE Sensex 18,490 18,447 0.24 INDIA
NSE Nifty 5,536 5,522 0.25 The Indian markets gained for the third straight trading session on Thursday, extending the post Budget
BSE Midcap 6,599 6,577 0.33 rally, with Auto and Capital Goods pacing the advance. Media reports of Libyan leader Col. Muammar
BSE Smallcap 8,020 8,003 0.21 Gaddafi and the president of the Arab League having agreed to a peace plan from Venezuela's President
Hugo Chavez helped prop up the sentiment in the afternoon trade. A slight moderation in food inflation
Nifty Junior 10,803 10,803 (0.00)
also played a role in keeping the bulls cheerful. Food inflation declined by more than 1 percentage point to
CNX Midcap 7,635 7,605 0.39
10.39% for the week ended February 19 as against 11.49% in the previous week and 21.62% in the
corresponding period a year ago.Capital Goods, Auto and Realty stocks were among the major gainers. On
the other hand, Metals, Oil & Gas, IT and Telecom stocks were under some pressure. The broader indices
GLOBAL MARKETS 03-Mar 01-Mar % Change eked out modest gains as well.The BSE Sensex gained 0.24% to end at 18,490 and the NSE Nifty gained
Dow Jones Ind (USA) 12,258 12,067 1.58 0.25% to close at 5,536.The BSE Mid-Cap and the Small-Cap index rose 0.3% and 0.2% respectively.
Nasdaq Composite(USA) 2,799 2,748 1.86
S&P 500 (USA) 1,331 1,308 1.72 The market breadth was negative. Out of 2940 stocks traded on the BSE, there were 1392 advancing stocks
FTSE 100 (UK) 6,005 5,915 1.52 as against 1449 declines.
DAX (Germany) 4,061 4,034 0.66
GLOBAL MARKETS
Nikkei 225 (Tokyo) 10,586 10,492 0.89
U.S. stocks rallied, giving benchmark indexes their biggest advances in three months, as a decrease in
Hang Seng (Hong Kong) 23,122 23,049 0.32 jobless claims and growth in service industries bolstered confidence in the economic recovery.The S&P 500
Shanghai Comp (China) 2,903 2,914 (0.37) added 1.7 percent to 1,331.The Dow Jones Industrial Average increased 1.6 percent, to 12,258.. Both
KOSPI (South Korea) 1,971 1,928 2.20 gauges gained the most since Dec. 1.
STI (Singapore) 3,037 3,027 0.34
MSCI Emerging Market 428 425 0.71 Asian markets have opened up on a positive note on back strong US markets closing.Nikkei is up by 1.60%
MSCI Frontier Market 605 602 0.50 Hang Seng is up by 1.30%
BOND MARKETS 03-Mar 01-Mar Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.05 8.08 (0.03) Hinduja Group flagship firm Ashok Leyland reported a 24.53% jump in commercial vehicle sales to 9,800
1yr G-Sec Yield 7.82 7.53 0.29 units in February, compared to the same month of the previous year.The company sold 7,869 units in
LIBOR (6m) 0.46 0.46 0.00 February, 2010.
LIBOR (1m) 0.25 0.25 0.00
Interbank Call rate 6.9 7.0 (0.07) The Law Society of England and Wales has chosen Indian IT company Tata Consultancy Services (TCS) as
its strategic transformation partner.
Media firm NDTV reported that it has completed the process to sell 49% stake sell for $40 million (about Rs
BSE Turnover Rs Cr('000) Sensex 180 crore) in its arm NDTV Lifestyle Holdings Pvt Ltd (NLHPL) to Astro All Asia Networks Plc.
18600 3.9
18400 3.8 Siemens Healthcare Diagnostics said that it has received approval from the Gujarat High Court for its
merger with Siemens Ltd.
18200 3.7
18000 3.6 GVK Power and Infrastructure raised its stake in Mumbai International Airport Pvt Ltd to 50.5% from
17800 3.5 37%.
17600 3.4
17400 3.3 Country's largest private sector lender ICICI Bank said that it expects over 20% growth in loans in the next
fiscal against 18% in 2010-11.
17200 3.2
24-Feb 25-Feb 28-Feb 1-Mar 3-Mar
ARSS Infrastructure Projects Limited, with a focus on construction of railway
infrastructure, roads, highways and bridges, has received a new work order from NTPC Ltd. for Rs. 461.1mn.
The total order book position of the Company now stands at Rs. 5,446 crores.
NSE Turnover Rs Cr('000) Nifty YES BANK, India’s new age private sector Bank, received the Best Corporate Social Responsibility Practice
5600 20
5550 award at the 6th Social and Corporate Governance Awards 2010 held in Mumbai.
5500 15
5450 The Government has reportedly pushed back the Rs. 115bn FPO of Oil and Natural Gas Corp (ONGC) to
5400 88.38 #DIV/0! next fiscal and the public offering is now slated to open on April 5.
5350 10
5300 Assam Company India Limited, a leading domestic conglomerate engaged in diverse sectors like Tea
5250 5
5200 plantation, Oil and Gas exploration and production and Infrastructure, today announced that the company
5150 has entered into a farmout agreement with Sismopetrol and R3 in Colombia, for exploration and
5100 0 production of the block ANH El Triunfo (‘the Block’) located in Casanare, Colombia.
24-Feb 25-Feb 28-Feb 1-Mar 3-Mar
Hindustan Dorr Oliver Limited has bagged orders worth Rs1284 mn from various PSU's and its global arm
DavvMarkham bags order worth 11.33 mn GBP.
`

2. March 4, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 03-Mar 01-Mar % Change CORPORATE NEWS
Cg 13,223 12,919 2.35 German luxury car-maker Porsche aims to sell 500 cars in India this year and will
Auto 8,880 8,718 1.86 introduce its Panamera Hybrid super car in the country within the next few months.
Cd 5,754 5,728 0.45
Realty 2,073 2,065 0.38 Confectionery maker Cadbury India announced its entry into the country's estimated
Power 2,591 2,584 0.28 Rs 12,000 crore biscuit market through the launch of 'Oreo' brand from the global
Bankex 12,379 12,355 0.19 portfolio of its parent Kraft Foods.
Fmcg 3,515 3,513 0.06
Hc 5,875 5,896 (0.36) The country's largest telecom player, Bharti airtel yesterday launched 3G service in
Delhi circle, enabling subscribers to access high speed internet and video
Psu 8,592 8,628 (0.42)
telephony.The company launched its third Generation of Mobile services on the back
It 6,210 6,251 (0.66) of a robust network powered by over 1,800 3G sites in the National Capital Region
Teck 3,633 3,657 (0.66) spanning Delhi, Gurgaon, Faridabad and Noida.
Oil&Gas 9,625 9,690 (0.67)
Metal 15,857 15,983 (0.79) The government yesterday gave green signal to the Banking Laws Amendment Bill
that seeks to align the voting rights in banks in proportion with the equity
holding.Currently, the voting rights of a shareholder is limited to 1% in state-owned
banks and 10% in private banks irrespective of the equity holding
State-run Steel Authority of India (SAIL) plans to invest Rs 14,337 crore for its
capacity expansion in its existing five major plants next fiscal.The proposed outlay is
BSE Upper Circuit Breakers 17% more than Rs 12,254 crore it had estimated to spend on enhancing capacity in
Company Name 03-Mar 01-Mar % Change the current fiscal, Budget papers for 2011-12 showed.
Bajaj Finserve 527.5 439.6 20.00
Vindhya Telelinks 236.9 197.4 20.00 Reliance Brands, a part of Mukesh Ambani-led Reliance Industries (RIL),yesterday
OMDC 52,441.7 47,674.4 10.00 said that it has entered into an exclusive licensing pact with global fashion label Steve
Tirupati 26.4 24.0 10.00 Madden to introduce the American brand in India.
0
Birla Erricson 16.8 15.2 10.00
Lovable Lingerie Ltd plans to raise Rs933 mn selling shares at Rs195 to Rs205 each in
an initial public offering.The company will sell 4.55 million shares starting March 8.The
price band has been fied at Rs195 and Rs205 per equity share.
Steel Strips Wheels Ltd. said that it has achieved sale of 8.42 lakh Steel Wheel Rims
during February 2011 as against 7.04 lakh rims sold during the same month last
BSE Lower Circuit Breakers year, recording a growth of 19.70%The Company has also achieved a production of
Company Name 03-Mar 01-Mar % Change 8.51 lakh wheel rims during February 2011 as against 7.02 lakh during February
Sri Laskhmi 35.2 39.1 (10.00) 2010, recording a growth of 21.10%.
Industrial Invest 155.2 163.3 (5.00)
Bharat Heavy Electricals won an order worth Rs. 3220 crore from West Bengal
DFM Foods 109.7 115.4 (5.00)
Power Development Corporation.
Polytex 152.7 160.7 (5.00)
Bright Brothers 55.1 58.0 (5.00) Reliance Industries (RIL) is producing 50-51 million standard cubic meters of natural
gas per day (mmscmd) at its prolific eastern offshore KG-D6 fields, which is about 15%
lower than middle of 2010.
FMCG major Marico Industries reported that the recent political turmoil in Egypt has
affected production at its two plants in the North African country by up to 70% and
will impact revenue for at least one quarter.
.
COMMODITY 03-Mar 01-Mar % Change COMMODITY / CURRENCY NEWS
Crude Oil (USD/bbl) 101.7 102.7 (0.93)
Gold (Rs/10gm) 20,945.0 21,060.0 (0.55)
Silver (Rs/kg) 50,656.0 51,360.0 (1.37) Light Sweet Crude Oil on Thrusday lost 0.93% closing at $101.7 per barrel. Gold closed
down by 0.55% at Rs 20,945 and Silver closed down by 1.37% at Rs 50,656.
CURRENCY 03-Mar 01-Mar % Change The Indian Rupee closed higher against the dollar at Rs 44.96 as the Indian equity
INR / USD 44.96 45.27 (0.68) benchmarks ended on positive note.
USD / Euro 1.39 1.38 0.72
Yen / USD 82.28 81.90 0.46

3. March 4, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
GTOFFSHORE 241.1 244.5 1.39 Nippon Steel Corp, JFE, Posco and others will buy a 15% stake in a Brazilian rare metal
RUCHISOYA 104.2 105.5 1.25 miner for around $1.83 billion, South Korea's National Pension Service said on
DCHL 60.4 61.2 1.24 Thursday.
PATELENG 152.6 154.4 1.18
LITL 39.3 39.7 1.15 India exported about 322.02 million tonne of iron ore, the vital steel making raw
HCC 35.3 35.7 1.13 material, to China between 2005-06 to 2009-10, the Parliament was informed
COREPROTEC 311.3 287.9 (7.52) yesterday.
ACC 982.2 951.6 (3.12)
The Indian Agrochemicals Industry is expected to grow at 7.5%, to reach over $1.7
NATIONALUM 428.2 419.5 (2.04) billion by 2012, driven by various factors including need for foodgrain self-sufficiency
INDIAINFO 79.2 77.8 (1.71) and the momentum in floriculture and horticulture sectors.
PIRHEALTH 459.4 452.4 (1.52)
SUNTV 413.1 407.8 (1.28) The Government has reportedly said that it may not be possible to roll out the Goods
and Services Tax (GST) from April next year.
INSTITUTIONAL ACTIVITY (Rs Cr) 24-Feb 23-Feb YTD
FII Cash Net (2,249) (13) (7,291) Rashtriya Ispat Nigam (RINL) plans to invest Rs 3,046 crore next fiscal to part finance
FII Stock Futures (5,404) (1,461) 5,819 capacity expansion to 6.5 million tonnes per annum (mtpa) and iron ore, coking coal
FII Index Futures mines acquisitions.The proposed outlay is 5.21 per cent higher than Rs 2,895 crore it
(497) (328) (5,555)
had estimated to spend on enhancing capacity in the current fiscal, Budget papers for
Mutual Fund 154 314 1,806 2011-12 showed.
VALUATIONS P/E P/B DIV YLD
BSE 20.1 3.5 1.1
NSE 21.2 3.5 1.1
BSE500 Mcap/GDP Ratio 0.59
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Jaiprakash Asso 85.8 3.31 Bajaj Finserv 527.45 20 Vindhya Tele 236.85 19.98
BHEL 2126.4 3.3 Deccan Chron 69.55 15.15 KRBL 29.75 17.13
Reliance Comm 93.3 3.27 Essar Ship Ports 81.25 9.95 TTK Healthcare 418.1 14.53
L&T 1662.0 3.17 United Bank 100.4 6.92 TTK Prestige 1967.85 11.91
Tata Power 1191.7 3.09 IVR Prime 55.85 6.89 ASSAMCO 17.15 11
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Reliance Infra 598.4 -3.3 S Kumar Nation 54.45 -5.96 Fame India 42.05 -5.51
Bharti Airtel 330.7 -2.12 Torrent Pharma 506 -4.82 JMD Telefilms 15.3 -5.26
Infosys 3025.7 -2.02 Bajaj Corp 479.15 -4.71 Gateway Distr 113.55 -5.14
Tata Steel 623.4 -1.72 Info Edge India 567.05 -4.46 Asian Hotels (East) 277.25 -5.05
Sterlite Inds 168.0 -1.7 Prestige Estates 116.45 -4.27 Parenteral Drug 175.25 -4.99
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Nu Tek India Trans Financial Resources Ltd BUY 3.23% 17.6
Emami Infrastructure Crosseas Capital Services Pvt. Ltd. BUY 2.45% 47.6
Kalindee Rail Nirman (Eng Crosseas Capital Services Pvt. Ltd. BUY 3.60% 197.5
Subex Manish Vrajlal Sarvaiya SELL 1.23% 84.0
Fiem Industries Fiem Industries Limited SELL 2.57% 176.0
BSE
Birla Shloka Philipa John Dmello SELL 1.28% 15.7
Kalindi Rail Deepak Popatlal Vora BUY 0.65% 126.5
Marico Oppenheimer International Value Fd BUY 3.35% 114.0
Dhanus Tech Grantview Properties SELL 2.30% 11.4
Suryajyoti Spi Dinesh Shah SELL 1.22% 51.0