The document discusses the declining performance of the Indian stock market, with significant drops in key indices such as the BSE Sensex and NSE Nifty due to ongoing negative sentiment and allegations of price manipulation. Global markets exhibited mixed results, with some traders awaiting tax compromise news from the U.S. Meanwhile, various corporate developments are highlighted, including significant fundraising activities by companies and expansions in the industrial sector.

1. Volume: 1 | Issue: 416| December 10, 2010
COMMENTARY INDIAN MARKET 9-Dec 8-Dec % Change
INDIA BSE Sensex 19,242 19,696 (2.31)
Looks like things are only getting worse for the Indian market, at least for the moment, with no let- NSE Nifty 5,767 5,904 (2.32)
up in the bear onslaught throughout this week. Today particularly was a horrible day for the bulls BSE Midcap 7,259 7,600 (4.49)
amid a severe bloodbath across the board. The non-index counters were yet again singled out for BSE Smallcap 8,745 9,295 (5.92)
some savage treatment amid all the bad news surrounding alleged price manipulation in a few Nifty Junior 11,620 12,029 (3.40)
counters. India was by far the worst performer today, not only in Asia but perhaps across the world. CNX Midcap 8,376 8,688 (3.59)
Finally, the BSE Sensex finished at 19,264, down 432 points or 2.2% over the previous close. The NSE
Nifty closed at 5,766, down 137 points or 2.3% from the previous close. The BSE Small-cap index and
the BSE Mid-cap index were down 6% and 4.4% respectively.
GLOBAL MARKETS 9-Dec 8-Dec % Change
The market breadth on the BSE was negative with 2,493 shares falling and 406 shares falling. Dow Jones Ind (USA) 11,370 11,372 (0.02)
Nasdaq Composite(USA) 2,617 2,609 0.29
GLOBAL MARKETS S&P 500 (USA) 1,233 1,228 0.38
Stocks closed mixed Thursday as traders waited to see whether a tax compromise brokered by the FTSE 100 (UK) 5,808 5,795 0.23
White House and Republicans will pass the Democratic-controlled House. Stocks had edged higher DAX (Germany) 6,964 6,976 (0.17)
in the morning after a report from the Labor Department showed that first time claims for Nikkei 225 (Tokyo) 10,286 10,232 0.52
unemployment benefits dropped last week to the second-lowest level this year. Claims fell to
Hang Seng (Hong Kong) 23,172 23,092 0.34
421,000, below the 428,000 figure that Wall Street expected. The Dow Jones industrial average
ended flat at 0.02 percent, to 11,370.06. The Nasdaq composite index rose 0.3 percent, to 2,617.The Shanghai Comp (China) 2,811 2,848 (1.31)
Standard & Poor's 500 index rose 0.4 percent, to 1,233. KOSPI (South Korea) 1,989 1,956 1.70
STI (Singapore) 3,210 3,203 0.22
The Asian markets have started the day in negative note. Nikkei is down by 0.30 %,STI is down by MSCI Emerging Market 423 428 (1.17)
0,40% and even Hang Seng is down by 0.35%. MSCI Frontier Market 583 580 0.60
CORPORATE/ ECONOMY NEWS BOND MARKETS 9-Dec 8-Dec Change
Glodyne Technoserve Ltd, an emerging technology services firm, today said its promoters have 10yr G-Sec Yield 8.17 8.19 (0.02)
increased their holding in the company by acquiring 4.33 lakh equity shares from the open market. 1yr G-Sec Yield 7.27 7.27 0.00
LIBOR (6m) 0.45 0.45 0.00
State-owned Steel Authority of India has plans to expand its dealer network in the country to LIBOR (1m) 0.26 0.26 0.00
widen its reach. Interbank Call rate 6.5 6.7 (0.16)
Even as tight liquidity conditions continue in the system, LIC Housing Finance said it has raised Rs
750-crore through a bond issue at a competitive rate. BSE Turnover Rs Cr('000) Sensex
20200 5.0
The country's biggest iron ore miner NMDC said it will parter with Russia's largest steel maker 20000
Severstal for setting up a 5 million tonnes steel plant in Karnataka. The proposed plant will entail an 4.0
19800
investment of about Rs 25,000 crore. Both the companies will formally ink the pact for the project
19600 3.0
today.
19400 2.0
State-run explorer Oil and Natural Gas Corporation has bid for a 25 per cent stake that the US 19200
energy major Exxon Mobil owns in an Angolan offshore oil block. 1.0
19000
Jammu and Kashmir Cements Limited said it has earned a revenue of over Rs 50 crore during the 18800 0.0
current fiscal till November. 3-Dec 6-Dec 7-Dec 8-Dec 9-Dec
Home grown retail giant Future Group is to join hands with Carrefour to bring the French retailer to
India.
NSE Turnover Rs Cr('000) Nifty
Strides Arcolab has entered into an agreement to acquire 70 per cent stake in Inbiopro Solutions, a 6050 20
Bangalore-based biotechnology firm. The acquisition marks Strides' foray into 6000
biologics, strengthening the company's offering in the specialty segment. 5950 15
5900
Pipavav Shipyard has signed protocol with Rosoboron Export, a Russian government arm for 5850 10
defense co-operation with foreign governments. 5800
5750 5
Rallis India, a subsidiary of Tata Chemicals has announced the acquisition of a majority stake of 5700
53.5 per cent in Metahelix Life Sciences. The acquisition is an all-cash deal of Rs 99.5 crore funded 5650 0
largely through internal accruals. 3-Dec 6-Dec 7-Dec 8-Dec 9-Dec
`
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

2. Volume: 1 | Issue: 416| December 10, 2010
CORPORATE NEWS SECTOR 9-Dec 8-Dec % Change
Piramal Healthcare has announced the buyback of 20 per cent of its total number of shares IT 6,234 6,232 0.03
through a tender offer that will entail an outgo of Rs 2,508.16 crore. Teck 3,730 3,761 (0.82)
FMCG 3,513 3,546 (0.93)
Tata Motors has announced a host of benefits on the Tata Nano, as it deepens its customer reach- Capital Goods 14,961 15,294 (2.18)
out initiatives to expand open sales of the car across the country. PSU 9,094 9,332 (2.55)
Power 2,840 2,915 (2.56)
Navin Jindal-led Jindal Power is likely to launch a Rs 7,000 crore initial public offer (IPO) before Oil&Gas 10,171 10,464 (2.80)
March 2011.
Bankex 12,645 13,069 (3.24)
Telecom value-added services provider One97 Communications Ltd has further delayed its initial Auto 9,895 10,236 (3.33)
public offering to raise about Rs 1,200 crore. Healthcare 6,447 6,683 (3.53)
Metal 15,741 16,341 (3.67)
National Hydroelectric Power Corporation (NHPC) will miss its capacity addition target for five Realty 2,705 2,840 (4.76)
years ending in March 2012 by 3,000 megawatts (MW) from the targeted 5,322 MW. Consumer Durabels 5,763 6,150 (6.29)
Indian drugmaker Elder Pharmaceuticals plans to manufacture and launch 8-10 of its products in
Bulgaria through its unit Elder Biomeda AD.
The IPO of A2Z Maintenance & Engineering Services Limited has been subscribed 0.72 times on
first day.
BSE Upper Circuit Breakers
JSL Stainless Ltd has announced that in accordance with the approved restructured terms with Company Name 9-Dec 8-Dec % Change
the FCCB holders, the Company has re-paid an amount of USD 9,000,000 in face value, out of total Glance Finance 12.1 11.6 5.00
outstanding FCCBs amounting to USD 24,050,000 in face value. As a result of this payment, FCCBs Ensa Steel 25.8 24.6 5.00
amounting to USD 9,000,000 in face value have been redeemed and cancelled and the total Modi Rubber 73.7 70.2 5.00
outstanding FCCBs now stands reduced to USD 15,050,000 in face value. These outstanding 0 Blue Cosr Hotels 229.9 219.0 5.00
FCCBs, unless converted / cancelled, would be redeemed on revised maturity date i.e. December Thakkers Developers 46.3 44.1 5.00
24, 2019.
Bata India Ltd. reportedly plans to open 70 stores a year for the next five years investing as much
as Rs. 6 mn on each store.
S Kumars Nationwide Ltd said on Thursday its unit Reid & Taylor has filed regulatory papers with
the stock market regulator for an initial public offering of shares. BSE Lower Circuit Breakers
Company Name 9-Dec 8-Dec % Change
Sistema Shyam TeleServices, a joint venture between Sistema of Russia and Shyam Group of Spectacle Inds 103.5 129.35 (20.00)
India , today reported over seven-fold jump in its net income to $ 507 million for the quarter ended GSS America 204.65 227.35 (10.00)
September 30, 2010, over the same period last year.
Hanung Toys 189.15 210.15 (10.00)
Reliance Industries Ltd . , owner of the world's biggest refining complex, is poised to increase Mansi Finance 27.3 28.7 (5.00)
crude imports from Latin America as it seeks better refining margins by processing heavier and Centrum Capital 1822.2 1918.0 (5.00)
cheaper grades of oil.
Heavy Engineering Corporation Ltd is contemplating entering rail coach manufacturing
segment soon.
Tata Group-promoted retail arm, Trent Hypermarket , said it would be launching a range of food
products from the basket of its joint venture company, Tesco, in India.
Corporation Bank has raised its benchmark prime lending rate by 25 basis points to 13 per
cent, effective December 13.
COMMODITY / CURRENCY NEWS COMMODITY 9-Dec 8-Dec % Change
Crude Oil (USD/bbl) 88.8 88.2 0.71
Gold (Rs/10gm) 20,625.0 20,528.0 0.47
Crude oil closed up by 0.71% at $88.80 per barrel. Gold closed up by 0.47% at Rs 20,625 and Silver
Silver (Rs/kg) 43,673.0 43,083.0 1.37
closed up by 1.37 % at Rs. 43,673.
The Indian Rupee closed lower against the dollar at 45.21 as the Indian equity benchmarks ended on a CURRENCY 9-Dec 8-Dec % Change
negative note. INR / USD 45.21 45.08 0.29
USD / Euro 1.31 1.31 -
Yen / USD 83.69 84.28 (0.70)
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: 416| December 10, 2010
ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
India's ship-building industry which currently accounts for only about one per Gtlinfra 43.2 43.7 1.27
cent of the global ship-building market, is targetting a worldwide share of 5 per Escorts 155.8 157.7 1.22
cent by 2017. PTC 111.8 112.85 0.98
Ruchisoya 83.0 83.8 0.96
The Power Ministry said it may miss the power capacity addition for the 11th plan LIC Housing Fiinance 885.7 894.05 0.95
period (2007-12) by about 4,000 MW due to delay in commissioning of hydro- Pantaloon Retail 346.1 349.1 0.88
power project. Concor 1285.0 1241.7 (3.37)
ONGC 1321.6 1298.8 (1.73)
India's food inflation inched up a tad in the last week of November but stayed well Core Project 241.8 238.7 (1.28)
below the double-digit mark while fuel inflation remained unchanged, data
Maruti 1391.2 1377.2 (1.00)
released by the Government showed on Thursday.Notwithstanding the recent
moderation, the annual inflation in Food Articles is still above the official WPI Jindalsaw 181.0 180.1 (0.50)
inflation target zone of 5-6%. Hindustan Zinc 1155.3 1150.0 (0.45)
Annual inflation in the Food Articles space stood at 8.69% in the week ended INSTITUTIONAL ACTIVITY (Rs Cr) 26-Nov 25-Nov YTD
November 27 as against 8.6% in the previous week, FII Cash Net 125 (532) 127,486
FII Stock Futures (250) 535 (14,489)
FII Index Futures (452) (678) (16,588)
Mutual Fund 163 235 (29,863)
VALUATIONS P/E P/B DIV YLD
BSE 22.7 3.7 1.1
NSE 23.5 3.7 1.1
BSE500 Mcap/GDP Ratio 0.62
MOVERS & SHAKERS
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Wipro 436.9 0.67 Amara Raja 177.95 4.22 Kirloskar Oil 399.05 10.85
Infosys 3151.55 0.54 Kirloskar Bros 210 1.11 Shri Ganesh Spi 9.13 4.7
ITC 167.4 0.39 IRB Infra 192.2 0.95 Shree Nath Comm 68.8 4.56
Zydus Wellness 581.5 0.9 Prraneta Inds 65.6 4.38
Standard Chartered 117.1 0.82 Vipul 17.85 3.48
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Reliance Infra 777.7 -6.62 Glodyne Tech 645.65 -20 Accentia Tech 159.5 -19.99
Reliance Comm 122.5 -5.66 Sunteck Realty 471.35 -19.99 Genesys Intl 218.8 -19.99
Hindalco Inds 209.85 -5.49 S Kumar Nation 68.55 -18.68 Kiri Dyes 353.25 -19.99
Cipla 350.55 -4.92 Amtek Auto 119.5 -14.76 Marg 114.45 -19.99
Tata Motors 1272.3 -4.71 Hindustan Oil 182.25 -12.69 Tata Coffee 410.25 -19.99
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
SEL Manufacturing Company Trans Financial Resources BUY 1.25% 27.7
Delta Corp Limited Crosseas Capital Services BUY 1.55% 120.3
Hindustan Org Chem Ltd Jmp Securities BUY 1.54% 56.5
Subex Limited Suresh Kanmal Jajoo SELL 1.33% 82.0
BS TransComm Limited Crosseas Capital Services Pvt. Ltd. SELL 0.88% 185.5
BSE
ABG Shipyard ABG International BUY 1.68% 380
Camlin Kent Resorts BUY 1.23% 43.0
Midfield Industries Anandita Securities BUY 1.05% 430.8
XL Telecom Goldman Sachs Investments SELL 1.20% 31.05
RCL FOODS Padma V SELL 1.35% 38.78
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.