Daily Newsletter for 15th November, 2010

COMMENTARY INDIAN MARKET 12-Nov 11-Nov % Change
BSE Sensex 20,157 20,589 (2.10)
NSE Nifty 6,072 6,194 (1.98)
BSE Midcap 8,432 8,632 (2.32)
BSE Smallcap 10,918 11,192 (2.44)
Nifty Junior 13,016 13,317 (2.26)
CNX Midcap 9,458 9,661 (2.10)
GLOBAL MARKETS 12-Nov 11-Nov % Change
Dow Jones Ind (USA) 11,193 11,283 (0.80)
Nasdaq Composite(USA) 2,518 2,556 (1.48)
S&P 500 (USA) 1,199 1,214 (1.22)
FTSE 100 (UK) 5,797 5,815 (0.32)
DAX (Germany) 6,735 6,723 0.17
9,725 9,861 (1.39)
24,223 24,700 (1.93)
Shanghai Comp (China) 2,985 3,148 (5.16)
KOSPI (South Korea) 1,913 1,915 (0.08)
STI (Singapore) 3,252 3,293 (1.26)
MSCI Emerging Market 582 581 0.10
MSCI Frontier Market 431 432 (0.04)
CORPORATE/ ECONOMY NEWS BOND MARKETS 12-Nov 11-Nov Change
10yr G-Sec Yield 8.05 8.05 0.00
1yr G-Sec Yield 7.07 7.07 0.00
LIBOR (6m) 0.45 0.45 0.00
LIBOR (1m) 0.26 0.26 0.00
Interbank Call rate 6.9 7.0 (0.10)
Nikkei 225 (Tokyo)
Hang Seng (Hong Kong)
Volume: 1 | Issue: 398| November 15, 2010
INDIA
Markets continued its losing streak for the second straight session on back of weak global cues
and lower-than-expected IIP data. The Bombay Stock Exchange benchmark Sensex plunged over
460 points at the close of the session on Friday due to heavy selling. The Sensex, fell by 468.38
points to 20157. Similarly, the broad-based National Stock Exchange Nifty lost 135.75 points to
6072 . Broader markets also ended in the red, midcap and SmallCap indices slipped more than 2%
each.
Market breadth was negative, 2263 shares declined for 753 stocks that advanced.
GLOBAL MARKETS
U.S. stocks retreated, sending the Standard & Poor’s 500 Index to its biggest weekly drop in three
months, amid concern China may raise interest rates to curb inflation. Even though the jobless
claims was at the lowest level in four months and exports hit their highest level in a little over
two years could not keep the markets positive. The Dow Jones industrial lost 0.80 per cent to
11,193 . The Standard & Poor's 500 Index lost 1.48 percent at 1,199. The Nasdaq Composite Index
also lost 1.22 percent ending the week at 2,518.
The Asian Markets have opened on a mixed note. The Nikkei is up by 0.7% while the Hang Seng is
down by 2%
PowerGrid’s follow-on public offer was oversubscribed 10.67 times on the final day of the issue ,
generating demand worth Rs 81,092 crore.
Oil India Ltd (OIL) has reported 27 per cent jump in its net profit for the quarter ended
September 30, 2010 on the back of higher crude oil and natural gas prices. The company posted a
net profit of Rs 916.03 crore during the July-September quarter against Rs 722.56 crore in the
same period a year ago.
`
16
17
17
18
18
19
5950
6000
6050
6100
6150
6200
6250
6300
6350
8-Nov 9-Nov 10-Nov 11-Nov 12-Nov
NSE Turnover Rs Cr('000) Nifty
4.4
4.6
4.8
5.0
5.2
5.4
5.6
5.8
6.0
6.2
19600
19800
20000
20200
20400
20600
20800
21000
8-Nov 9-Nov 10-Nov 11-Nov 12-Nov
BSE Turnover Rs Cr('000) Sensex
INDIA
Markets continued its losing streak for the second straight session on back of weak global cues
and lower-than-expected IIP data. The Bombay Stock Exchange benchmark Sensex plunged over
460 points at the close of the session on Friday due to heavy selling. The Sensex, fell by 468.38
points to 20157. Similarly, the broad-based National Stock Exchange Nifty lost 135.75 points to
6072 . Broader markets also ended in the red, midcap and SmallCap indices slipped more than 2%
each.
Market breadth was negative, 2263 shares declined for 753 stocks that advanced.
GLOBAL MARKETS
U.S. stocks retreated, sending the Standard & Poor’s 500 Index to its biggest weekly drop in three
months, amid concern China may raise interest rates to curb inflation. Even though the jobless
claims was at the lowest level in four months and exports hit their highest level in a little over
two years could not keep the markets positive. The Dow Jones industrial lost 0.80 per cent to
11,193 . The Standard & Poor's 500 Index lost 1.48 percent at 1,199. The Nasdaq Composite Index
also lost 1.22 percent ending the week at 2,518.
The Asian Markets have opened on a mixed note. The Nikkei is up by 0.7% while the Hang Seng is
down by 2%
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
investmentor 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
PowerGrid’s follow-on public offer was oversubscribed 10.67 times on the final day of the issue ,
generating demand worth Rs 81,092 crore.
Oil India Ltd (OIL) has reported 27 per cent jump in its net profit for the quarter ended
September 30, 2010 on the back of higher crude oil and natural gas prices. The company posted a
net profit of Rs 916.03 crore during the July-September quarter against Rs 722.56 crore in the
same period a year ago.
Tata Steel Ltd posted consolidated net profit of Rs 19.79bn for the quarter ended September 30,
2010 compared to a net loss of Rs 27.07bn YoY. The Company's consolidated net sales for the July
to September quarter of FY11 rose by 11% to Rs 280.91bn from Rs 252.76bn for the same period.
Tata Steel is planning to raise Rs 7000 crore via normal share, DVRs and FCCBs. Proceeds of the
funds will be used for capex deleveraging.
Amara Raja Batteries will invest nearly Rs 130 crore by September next year to hike production
capacity in a phased manner and on other capital expenditures.
Page Industries Limited, Bangalore - exclusive licensee of Jockey International Inc. US -
registered a net profit of Rs 16.36 crore for the quarter ended September 30, 2010, a 55 per cent
growth for the same period last year. The company recorded strong sales of Rs 126.42 crore for
the quarter ended Sept 30, 2010, an increase of 44 per cent from Rs 87.52 crore in the
corresponding quarter last year.
Lanco Infratech has reported a decline of 42.51 per cent in its net profit at Rs 70.45 crore for the
second quarter ended September 30, 2010. It had posted a net profit of Rs 122.56 crore in the
July-September quarter last fiscal.
Reliance Infrastructure Limited announced its unaudited consolidated financial results for the
quarter ended September 30, 2010. The performance highlights are Net Profit of Rs. 3.60bn (US$
80 mn), against Rs. 3.25bn in the corresponding quarter of previous year, an increase of 11%.
Pharmaceutical and Biotechnology major Wockhardt Limited announced its results for the
second quarter ended 30th September 2010. Consolidated sales revenues stood at Rs9.40bn.Due
to exceptional items, the net loss was Rs967mn.

CORPORATE NEWS SECTOR 12-Nov 11-Nov % Change
Healthcare 6,585 6,649 (0.96)
Power 3,118 3,158 (1.25)
FMCG 3,659 3,706 (1.29)
IT 6,047 6,132 (1.38)
Oil&Gas 10,732 10,900 (1.54)
Teck 3,680 3,745 (1.74)
Capital Goods 16,048 16,352 (1.86)
Auto 10,126 10,337 (2.04)
PSU 10,024 10,242 (2.13)
Bankex 14,165 14,588 (2.90)
Metal 17,014 17,596 (3.31)
Consumer Durables 6,972 7,227 (3.53)
Realty 3,499 3,674 (4.76)
BSE Upper Circuit Breakers
Company Name 12-Nov 11-Nov % Change
6,946.0 5,788.3 20.00
21.4 17.9 20.00
54.2 45.2 20.00
0 9.2 8.4 10.00
89224.3 84975.6 5.00
BSE Lower Circuit Breakers
Kaycee Industries
Brilliant Securities
OMDC
HB Portfolio
Kosian Industries
Reliance Power Ltd has posted a net profit after tax and Minority Interest of Rs.2348mn for the
quarter ended September 30, 2010 as compared to Rs. 1945.32mn for the quarter ended
September 30, 2009.Total Income has increased from Rs. 2461.50mn for the quarter ended
September 30, 2009 to Rs. 5124.10mn for the quarter ended September 30, 2010.
Aqua Logistics Ltd (ALL), India’s foremost global logistics and supply chain partner providing
end-to-end solution in the logistics and supply chain domain, announced its results for the
quarter and half year period ended September 30, 2010.The company has posted a 36.70 % rise
in net sales to Rs. 1.05bn for the quarter-ended September 2010 compared to Rs. 770mn in the
corresponding quarter last year. Net Profit during the quarter grew by 35.60% to Rs. 73.9mn
compared to Rs.54.5mn in the corresponding quarter-ended September 2009.
Hindustan Petroleum Corporation Ltd has posted a net profit of Rs. 20896.10mn for the
quarter ended September 30, 2010 as compared to net loss of Rs. (1366.80) mn for the quarter
ended September 30, 2009.Total Income has increased from Rs. 247801.50 mn for the quarter
ended September 30, 2009 to Rs. 310915.60 mn for the quarter ended September 30, 2010.
Indraprastha Gas Ltd has posted a net profit after tax of Rs. 662.780 mn for the quarter ended
September 30, 2010 as compared to Rs. 568.033 mn for the quarter ended September 30,
2009.Total Income has increased from Rs. 2781.394 million for the quarter ended September 30,
2009 to Rs. 4473.298 million for the quarter ended September 30, 2010.
Jamna Auto Industries Limited announced its financial results for the second quarter ended
30th September the current financial year of 2010-11For the second quarter ended 30
September, 2010, the company’s consolidated turnover grew 45% to Rs. 2.39bn as compared
to Rs. 1.64bn for the corresponding period in the previous year. Consolidated net profit during
the same period stood at Rs.. 97.1mn as Rs. 75.4mn.
Man Infraconstruction Limited a leading infrastructure construction company operating in
ports, roads, residential and commercial / industrial segments has announced its financial results
for the quarter and half year ended September 30, 2010.Revenues for Q2FY11 of Rs152.29 crore
were higher by 38.2% as compared to revenues of Rs1.10bn in Q2FY10.Net Profit for H1FY11 is BSE Lower Circuit Breakers
Company Name 12-Nov 11-Nov % Change
41.3 43.4 (5.00)
59.7 62.8 (5.00)
59.0 62.1 (5.00)
117.0 123.1 (5.00)
24.0 25.3 (5.00)
COMMODITY / CURRENCY NEWS COMMODITY 12-Nov 11-Nov % Change
Crude Oil (USD/bbl) 84.8 86.9 (2.37)
Gold (Rs/10gm) 20,078.0 20,371.0 (1.44)
Silver (Rs/kg) 39,240.0 40,625.0 (3.41)
CURRENCY 12-Nov 11-Nov % Change
INR / USD 44.80 44.31 1.11
USD / Euro 1.36 1.36 -
Yen / USD 82.45 82.42 0.04
Hittco Tools
Ishita Drugs
Mayur Leather
ASM Technologies
Bedmutha Industries
Light Sweet Crude Oil on Friday closed down by 2.3% at $84.8 per barrel. Gold closed down by 1.44
% at Rs 20,078 and Silver closed down by 3.41 % at Rs. 39,240.
The Indian Rupee closed lower against the dollar at 44.80 as the Indian equity benchmarks ended
on a negative note.
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.
Reliance Power Ltd has posted a net profit after tax and Minority Interest of Rs.2348mn for the
quarter ended September 30, 2010 as compared to Rs. 1945.32mn for the quarter ended
September 30, 2009.Total Income has increased from Rs. 2461.50mn for the quarter ended
September 30, 2009 to Rs. 5124.10mn for the quarter ended September 30, 2010.
Aqua Logistics Ltd (ALL), India’s foremost global logistics and supply chain partner providing
end-to-end solution in the logistics and supply chain domain, announced its results for the
quarter and half year period ended September 30, 2010.The company has posted a 36.70 % rise
in net sales to Rs. 1.05bn for the quarter-ended September 2010 compared to Rs. 770mn in the
corresponding quarter last year. Net Profit during the quarter grew by 35.60% to Rs. 73.9mn
compared to Rs.54.5mn in the corresponding quarter-ended September 2009.
Hindustan Petroleum Corporation Ltd has posted a net profit of Rs. 20896.10mn for the
quarter ended September 30, 2010 as compared to net loss of Rs. (1366.80) mn for the quarter
ended September 30, 2009.Total Income has increased from Rs. 247801.50 mn for the quarter
ended September 30, 2009 to Rs. 310915.60 mn for the quarter ended September 30, 2010.
Indraprastha Gas Ltd has posted a net profit after tax of Rs. 662.780 mn for the quarter ended
September 30, 2010 as compared to Rs. 568.033 mn for the quarter ended September 30,
2009.Total Income has increased from Rs. 2781.394 million for the quarter ended September 30,
2009 to Rs. 4473.298 million for the quarter ended September 30, 2010.
Jamna Auto Industries Limited announced its financial results for the second quarter ended
30th September the current financial year of 2010-11For the second quarter ended 30
September, 2010, the company’s consolidated turnover grew 45% to Rs. 2.39bn as compared
to Rs. 1.64bn for the corresponding period in the previous year. Consolidated net profit during
the same period stood at Rs.. 97.1mn as Rs. 75.4mn.
Man Infraconstruction Limited a leading infrastructure construction company operating in
ports, roads, residential and commercial / industrial segments has announced its financial results
for the quarter and half year ended September 30, 2010.Revenues for Q2FY11 of Rs152.29 crore
were higher by 38.2% as compared to revenues of Rs1.10bn in Q2FY10.Net Profit for H1FY11 is
Rs40.86 crore compared to Rs376.8mn in H1FY10.
Vipul Limited, reported net sales of Rs. 899mn for the quarter ended September 30, 2010
compared to Rs. 532mn in corresponding period of last fiscal year, registered a growth of
68.76%.Net Profit for the quarter stood at Rs. 63mn, a growth of 20.46% as compared to Rs. 52mn
posted in the same period of last fiscal year.
Reliance Capital announced its second quarter results. The company's Q2 consolidated net sales
were down 8.22% at Rs 1,280.6 crore versus Rs 1,395.3 crore. Its consolidated net profit were
down 28.11% at Rs 112 crore versus Rs 155.8 crore, YoY.
India's largest private power utility Tata Power has announced its results for the quarter ended
September 2010. It has reported net profit at Rs 247 crore as against Rs 182 crore, a growth of
35.71% on year-on-year basis (YoY).However, net sales declined 6.04% to Rs 1,571 crore from Rs
1,672 crore (YoY).

ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
Core Project 294.7 303.5 2.99
Federalbnk 439.5 444.55 1.15
Oil 1392.8 1408.15 1.10
Sobha 326.9 330.15 1.01
GTL 415.5 419.55 0.99
Ksoils 59.3 59.8 0.93
Rpower 183.4 178.3 (2.78)
Powergrid 99.6 97.7 (1.86)
Rolta 179.9 177.2 (1.53)
Hero Honda 1824.6 1806.1 (1.01)
Financial Technogies 1108.2 1101.5 (0.61)
Concor 1320.5 1313.7 (0.51)
INSTITUTIONAL ACTIVITY (Rs Cr) 02-Nov 01-Nov YTD
FII Cash Net 1,297 929 (29,143)
FII Stock Futures (774) (74) (16,597)
FII Index Futures (110) 1,516 (8,512)
Mutual Fund 17 338 1,17,214
VALUATIONS P/E P/B DIV YLD
BSE 23.2 3.7 1.1
NSE 24.6 3.8 1.0
BSE500 Mcap/GDP Ratio 0.67
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Rs %
Hero Honda 1816.55 0.29 Shriram City Uni 695 4.35 Himachal Futur 15.83 13.31
HDFC 713.7 0.11 Dewan Housing 324.6 3.89 Sical Logistics 88 11.11
Sun Pharma Adv 104.7 3 Jamna Auto 155 10.64
Manappuram Gen 180.3 2.53 TTK Prestige 1623.65 8.45
MOVERS & SHAKERS
Name
India's industrial output slowed further in September from the previous month to
touch a 16-month low. Industrial output, as measured by the index of industrial
production (IIP), grew by a paltry 4.4% in September 2010 versus 8.2% in the same
month last year.
In a boost to Reliance Power's estimated Rs 20,000-crore project in Jharkhand, the
government has granted initial clearances for mining coal from reserves allocated
to it in the state and feed its proposed mega venture.
Robust growth of over 27 per cent in exports during the first six months of FY'11 has
fuelled hopes that India may cross the trade target of $ 200 billion for the entire
fiscal.
Finance Minister Pranab Mukherjee yesterday exuded confidence that the economy
would soon revert to 9 per cent growth, witnessed in the pre-crisis period, even as
industrial growth plunged to a 16 month-low of 4.4 per cent in September.
The latest National Sample Survey Organisation (NSSO) report, ‘Migration in India’ ,
has found Gujarat to have the highest rate of urbanisation among all other states in
the country.
Manappuram Gen 180.3 2.53 TTK Prestige 1623.65 8.45
S Kumar Nation 87.8 2.51 NAVIN FLUORI 308.8 6.32
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Rs %
DLF 327.55 -5.46 Shree Renuka Sug 91.3 -12 Orient Abr 31.95 -15.7
Mahindra & Mahindra 774.4 -4.75 MVL 53.9 -9.34 Hitachi Home 241.45 -10.74
Hindalco Inds 223 -4.72 Educomp Sol 512.6 -8.24 Best & Crompton 18.2 -9.9
SBI 3030.4 -4.55 Jindal South 1799.2 -7.82 Bodal Chemicals 33.5 -9.7
Tata Steel 606.3 -3.96 Triveni Engr 116.15 -7.71 Resurgere Mines 1.69 -9.14
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
SEL Manufacturing Company Trans Financial Resources BUY 1.89% 39.5
Delta Corp Limited Crosseas Capital Services BUY 1.30% 125.6
Hindustan Org Chem Ltd Jmp Securities BUY 0.65% 57.8
Subex Limited Suresh Kanmal Jajoo SELL 0.33% 91.5
BS TransComm Limited Crosseas Capital Services Pvt. Ltd. SELL 0.88% 210.7
Confidence Petro Jaroli Vincom BUY 2.33% 25.85
Bilpower Gulshan Investment Company BUY 0.76% 203.3
Asian Tea Asian Capital Market Limited BUY 0.78% 33.2
Ballarpur Inds Neha Khandelwal SELL 0.91% 2.35
Black Rose Inds Halan Finance & Investment SELL 1.22% 14.3
Name
BSE
BULK DEALS
NSE
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
India's industrial output slowed further in September from the previous month to
touch a 16-month low. Industrial output, as measured by the index of industrial
production (IIP), grew by a paltry 4.4% in September 2010 versus 8.2% in the same
month last year.
In a boost to Reliance Power's estimated Rs 20,000-crore project in Jharkhand, the
government has granted initial clearances for mining coal from reserves allocated
to it in the state and feed its proposed mega venture.
Robust growth of over 27 per cent in exports during the first six months of FY'11 has
fuelled hopes that India may cross the trade target of $ 200 billion for the entire
fiscal.
Finance Minister Pranab Mukherjee yesterday exuded confidence that the economy
would soon revert to 9 per cent growth, witnessed in the pre-crisis period, even as
industrial growth plunged to a 16 month-low of 4.4 per cent in September.
The latest National Sample Survey Organisation (NSSO) report, ‘Migration in India’ ,
has found Gujarat to have the highest rate of urbanisation among all other states in
the country.

Daily Newsletter for 15th November, 2010

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Daily Newsletter for 15th November, 2010