On November 15, 2010, the Indian stock market rebounded with the BSE Sensex gaining 152 points and the NSE Nifty up by 50 points, despite mixed performance among broader indices and a generally choppy trading day. Corporate results were varied, with Pantaloon Retail reporting a significant decline in profits, while Crew B.O.S Products and Shree Renuka Sugars showed notable increases. Global markets experienced some fluctuations, with U.S. stocks closing slightly lower and Asian markets trading down.

1. COMMENTARY INDIAN MARKET 15-Nov 12-Nov % Change
BSE Sensex 20,310 20,157 0.76
NSE Nifty 6,122 6,072 0.82
BSE Midcap 8,448 8,432 0.19
BSE Smallcap 10,885 10,918 (0.30)
Nifty Junior 13,096 13,016 0.61
CNX Midcap 9,496 9,458 0.40
GLOBAL MARKETS 15-Nov 12-Nov % Change
Dow Jones Ind (USA) 11,202 11,193 0.08
Nasdaq Composite(USA) 2,514 2,518 (0.17)
S&P 500 (USA) 1,198 1,199 (0.10)
FTSE 100 (UK) 5,820 5,797 0.40
DAX (Germany) 6,790 6,735 0.82
9,828 9,725 1.06
24,027 24,223 (0.81)
Shanghai Comp (China) 3,041 2,985 1.87
KOSPI (South Korea) 1,914 1,913 0.04
STI (Singapore) 3,237 3,252 (0.47)
MSCI Emerging Market 580 582 (0.36)
MSCI Frontier Market 423 431 (2.05)
CORPORATE/ ECONOMY NEWS BOND MARKETS 15-Nov 12-Nov Change
10yr G-Sec Yield 8.09 8.05 0.04
1yr G-Sec Yield 7.07 7.07 0.00
LIBOR (6m) 0.44 0.45 (0.01)
LIBOR (1m) 0.25 0.26 (0.01)
Interbank Call rate 6.9 6.9 (0.06)
Nikkei 225 (Tokyo)
Hang Seng (Hong Kong)
Volume: 1 | Issue: 399| November 15, 2010
INDIA
Bulls staged a smart come back in the last one hour of trading on Monday after being on the
sidelines for three straight trading sessions. The Indian market ended higher, kicking off the
holiday-shortened week on a positive note. Markets were highly choppy throughout the day and
struggled for direction as investors were still recovering from last Friday's big losses. But, the last
hour saw a smart pull back after the Chinese market rebounded and European indices too
recovered. The BSE Sensex gained 152 points to close at 20,310 and the NSE Nifty gained 50
points to close at 6,122.The broader indices ended mixed, the BSE Mid-Cap index ended higher
by 0.3% and BSE Small-Cap index slipped 0.3%.
BSE market breadth was negative. Out of 3,105 stocks traded, 1,675 declined while 1,278
advanced.
GLOBAL MARKETS
After posting gains nearly all day, U.S. stocks tumbled at the session's close Monday, as investors
remain jittery during a week with a full economic calendar. At the closing bell, the Dow Jones
industrial average gained 9 points, or 0.1%, after climbing as much as 88 points earlier in the
session. The S&P 500 fell 1 point, or 0.1% and the tech heavy Nasdaq fell 4 points, or 0.2%.
Asian markets are trading in the red with the Nikkei & Hang Seng down by 0.1% each
Pantaloon Retail (India) reported its quarterly results in which, net profit declined 59.90% to Rs.
17.58 crore on 44.20% slide in net sales to Rs. 991.49 crore in Q1 September 2010 over Q1
September 2009.
Crew B.O.S Products Limited, India’s premier design led manufacturer & exporter of fashion
leather goods & accessories announced its results for the quarter and half year ended September
2010.Net Revenue at Rs. 1509.5 mn, up by 42.2% and Net Profit at Rs. 57.1 mn, up by 45.3%.
`
0
5
10
15
20
5950
6000
6050
6100
6150
6200
6250
6300
6350
9-Nov 10-Nov 11-Nov 12-Nov 15-Nov
NSE Turnover Rs Cr('000) Nifty
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
19600
19800
20000
20200
20400
20600
20800
21000
9-Nov 10-Nov 11-Nov 12-Nov 15-Nov
BSE Turnover Rs Cr('000) Sensex
Volume: 1 | Issue: 399| November 15, 2010
INDIA
Bulls staged a smart come back in the last one hour of trading on Monday after being on the
sidelines for three straight trading sessions. The Indian market ended higher, kicking off the
holiday-shortened week on a positive note. Markets were highly choppy throughout the day and
struggled for direction as investors were still recovering from last Friday's big losses. But, the last
hour saw a smart pull back after the Chinese market rebounded and European indices too
recovered. The BSE Sensex gained 152 points to close at 20,310 and the NSE Nifty gained 50
points to close at 6,122.The broader indices ended mixed, the BSE Mid-Cap index ended higher
by 0.3% and BSE Small-Cap index slipped 0.3%.
BSE market breadth was negative. Out of 3,105 stocks traded, 1,675 declined while 1,278
advanced.
GLOBAL MARKETS
After posting gains nearly all day, U.S. stocks tumbled at the session's close Monday, as investors
remain jittery during a week with a full economic calendar. At the closing bell, the Dow Jones
industrial average gained 9 points, or 0.1%, after climbing as much as 88 points earlier in the
session. The S&P 500 fell 1 point, or 0.1% and the tech heavy Nasdaq fell 4 points, or 0.2%.
Asian markets are trading in the red with the Nikkei & Hang Seng down by 0.1% each
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
Pantaloon Retail (India) reported its quarterly results in which, net profit declined 59.90% to Rs.
17.58 crore on 44.20% slide in net sales to Rs. 991.49 crore in Q1 September 2010 over Q1
September 2009.
Crew B.O.S Products Limited, India’s premier design led manufacturer & exporter of fashion
leather goods & accessories announced its results for the quarter and half year ended September
2010.Net Revenue at Rs. 1509.5 mn, up by 42.2% and Net Profit at Rs. 57.1 mn, up by 45.3%.
Insecticides (India) Limited, one of the fastest growing companies in agrochemicals, posted a 34
% rise in revenue and a 21% jump in the net profit for the quarter ended September 30th, 2010,
over the same period of the previous year. While the Company saw its net profit touching Rs.
129mn for 2nd Quarter, against Rs. 101mn during the corresponding period last year, its net sales
increased by nearly 34% to Rs. 1.85bn in the quarter under review.
Reliance Communications, India's second-biggest mobile operator, expects to be in the 3G
market by end of the year.
Power utility Adani Power is looking at several opportunities abroad for acquisition of coal mines
and power plants. Adani Power would raise its power generation capacity in India to 2,000
megawatts by December, from 990 megawatts now.
Early indicators suggest this year recruitments may touch a historic high, as top Indian tech
majors, including TCS, Infosys and Wipro, will alone recruit close to one lakh engineers, if not
more.
Mahindra & Mahindra is re-entering the off-road compact SUV segment with Thar, a reworked
version of the Commander Jeep that was pulled off the roads in early 2000.
MERC has received EoIs from Maharashtra Electricity Distribution Company (MahaVitaran), Torrent
Power, DPSC Ltd, Lanco Infrastructure, GMR Energy, Indiabulls Power, The Tata Power
Company, and Enzen Global Solution.

2. CORPORATE NEWS SECTOR 15-Nov 12-Nov % Change
Bankex 14,510 14,165 2.43
Healthcare 6,656 6,585 1.07
IT 6,099 6,047 0.86
Auto 10,210 10,126 0.83
Teck 3,706 3,680 0.71
PSU 10,086 10,024 0.62
FMCG 3,679 3,659 0.56
Metal 17,109 17,014 0.56
Capital Goods 16,049 16,048 0.01
Oil&Gas 10,717 10,732 (0.15)
Power 3,112 3,118 (0.20)
Consumer Durables 6,893 6,972 (1.13)
Realty 3,449 3,499 (1.43)
BSE Upper Circuit Breakers
Company Name 15-Nov 12-Nov % Change
8,335.1 6,946.0 20.00
32.7 27.3 20.00
65.1 54.2 20.00
0 241.1 219.2 10.00
113.4 108.0 5.00
BSE Lower Circuit Breakers
Kaycee Industries
AD-Manum Finance
Cimmco Birla
HB Portfolio
Compuage Infocom
Volume: 1 | Issue: 399| November 16, 2010
Construction firm Ahluwalia Contracts (India) said its net profit in the second quarter
declined by 12 per cent to Rs 20.11 crore, over the corresponding period of the last financial year.
The company had a net profit of Rs 22.89 crore in 2009-10.The total income in the second quarter
increased marginally to Rs 341 crore from Rs 340 crore in the same period in 2009-10.
Shree Renuka Sugars reported a consolidated net profit of Rs 116.9 crore for the quarter ended
on September, 30, 15.5 per cent growth as compared to the similar quarter in the year-ago
period. The company had reported a net profit of Rs 101.2 crore for the corresponding quarter
last financial year. For the July-September quarter of the current financial year, the company's
total revenue jumped to Rs 2,571.2 crore, as against Rs 1,087.6 crore in the similar period last year.
Vishal Retail reported its Q2FY11 results , its net loss widened by 67.87 per cent to Rs 30.71
crore in the quarter ended September 30, 2010, from Rs 95.61 crore in the same period last year.
The company's total income declined by 5 per cent to Rs 269.42 crore from Rs 269.42 crore in the
corresponding quarter last fiscal.
Axis Bank, a leading private sector bank, plans to open 100 branches in the country, under its
rural banking strategy (RBS),in addition to its normal network expansion plans.
Drug-maker Sun Pharmaceutical said it had fixed November 26 as the record date for its
proposed stock split, under which shareholders will get five shares for every equity held by them
presently.
Drug firm Ind-Swift Laboratories reported an increase of 73.97 per cent in its net profit to Rs
21.7 crore for the second quarter ended September 30 2010.The company's net profit for the
same period last fiscal was Rs 12.4 crore.
Tata Motors Ltd said that its global vehicle sales in October rose 18 per cent from a year ago to
86,705 units. Jaguar and Land Rover sales in the month rose 12 per cent to 18,845 unit.
State-owned Hindustan Petroleum Corp Ltd (HPCL) plans to invest Rs 13,000 crore to almost
double the capacity of its Vizag oil refinery in Andhra Pradesh to 15 million tonnes a year by
2013-14.
BSE Lower Circuit Breakers
Company Name 15-Nov 12-Nov % Change
206.9 258.6 (20.00)
56.7 59.7 (5.00)
46.7 49.1 (5.00)
111.2 117.0 (5.00)
22.8 24.0 (5.00)
COMMODITY / CURRENCY NEWS COMMODITY 15-Nov 12-Nov % Change
Crude Oil (USD/bbl) 84.3 84.8 (0.59)
Gold (Rs/10gm) 20,219.0 20,078.0 0.70
Silver (Rs/kg) 39,555.0 39,240.0 0.80
CURRENCY 15-Nov 12-Nov % Change
INR / USD 45.23 44.80 0.95
USD / Euro 1.36 1.36 (0.07)
Yen / USD 83.10 82.45 0.79
Hittco Tools
Garware Poly
Mayur Leather
KRBL
Bedmutha Industries
Volume: 1 | Issue: 399| November 16, 2010
Construction firm Ahluwalia Contracts (India) said its net profit in the second quarter
declined by 12 per cent to Rs 20.11 crore, over the corresponding period of the last financial year.
The company had a net profit of Rs 22.89 crore in 2009-10.The total income in the second quarter
increased marginally to Rs 341 crore from Rs 340 crore in the same period in 2009-10.
Shree Renuka Sugars reported a consolidated net profit of Rs 116.9 crore for the quarter ended
on September, 30, 15.5 per cent growth as compared to the similar quarter in the year-ago
period. The company had reported a net profit of Rs 101.2 crore for the corresponding quarter
last financial year. For the July-September quarter of the current financial year, the company's
total revenue jumped to Rs 2,571.2 crore, as against Rs 1,087.6 crore in the similar period last year.
Vishal Retail reported its Q2FY11 results , its net loss widened by 67.87 per cent to Rs 30.71
crore in the quarter ended September 30, 2010, from Rs 95.61 crore in the same period last year.
The company's total income declined by 5 per cent to Rs 269.42 crore from Rs 269.42 crore in the
corresponding quarter last fiscal.
Axis Bank, a leading private sector bank, plans to open 100 branches in the country, under its
rural banking strategy (RBS),in addition to its normal network expansion plans.
Drug-maker Sun Pharmaceutical said it had fixed November 26 as the record date for its
proposed stock split, under which shareholders will get five shares for every equity held by them
presently.
Drug firm Ind-Swift Laboratories reported an increase of 73.97 per cent in its net profit to Rs
21.7 crore for the second quarter ended September 30 2010.The company's net profit for the
same period last fiscal was Rs 12.4 crore.
Tata Motors Ltd said that its global vehicle sales in October rose 18 per cent from a year ago to
86,705 units. Jaguar and Land Rover sales in the month rose 12 per cent to 18,845 unit.
State-owned Hindustan Petroleum Corp Ltd (HPCL) plans to invest Rs 13,000 crore to almost
double the capacity of its Vizag oil refinery in Andhra Pradesh to 15 million tonnes a year by
2013-14.
Bafna Pharmaceuticals, a Chennai-based pharma company engaged in the manufacturing of
pharmaceutical formulations of Betalactum and Non–Betalactum, received approval from UK
Medicines and Healthcare products Regulatory Agency (MHRA) to manufacture Amlodipine 5mg
and Amlodipine 10mg.
Jindal Steel and Power said its subsidiary, Jindal Power, is likely to launch a Rs 7,000 crore initial
public offer(IPO) in the next six months.
SBI has crystallised an international banking strategy focused on creating long-term loan assets
that will provide the bank with a better return.
Light Sweet Crude Oil on Monday closed down by 0.6% at $84.3 per barrel. Gold closed up by 0.7 %
at Rs 20,219 and Silver closed up by 0.8 % at Rs. 39,555.
The Indian Rupee closed lower against the dollar at 45.23 as the Indian equity benchmarks ended
on a positive 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.

3. ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
Core Project 298.6 304.9 2.11
IGL 315.7 319.6 1.24
Alok Textile 31.0 31.3 0.97
Crompton Greaves 322.0 325 0.93
Renuka 93.9 94.65 0.85
Balrampur ChinI 86.4 87.05 0.81
KFA 81.8 82.4 0.80
Sobha 317.9 320.4 0.79
Onmobile 293.4 295.7 0.78
Powergrid 101.2 98.7 (2.52)
Hero Honda 1833.8 1827.5 (0.34)
Suzlon 54.0 54.0 (0.09)
INSTITUTIONAL ACTIVITY (Rs Cr) 04-Nov 03-Nov YTD
FII Cash Net 6,907 1,297 1,25,096
FII Stock Futures (253) (245) (17,094)
FII Index Futures 1,107 215 (7,190)
Mutual Fund 1,154 (397) (28,387)
VALUATIONS P/E P/B DIV YLD
BSE 23.2 3.7 1.1
NSE 24.4 3.9 102.0
BSE500 Mcap/GDP Ratio 0.68
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Rs %
SBI 3164.15 4.41 MVL 60.9 12.99 Prakash Steelage 171.35 13.18
Cipla 343.6 4.15 Wockhardt 410.55 11.35 Aditya Birla Chem 150.95 10.95
Mahindra & Mahindra 799.95 3.3 CMC 2534.1 7.61 Hindustan Motors 28.75 10.15
HDFC Bank 2385.2 2.84 Syndicate Bank 158.05 7.19 Intra Infotc 31.05 9.33
MOVERS & SHAKERS
Name
Volume: 1 | Issue: 399| November 16, 2010
Inflation fell for the second consecutive month to a nine-month low of 8.58 per cent
in October.
India's merchandise exports jumped 21.3% in October while imports in the same
month expanded at a much lower pace.
The government today announced that Human Resource Development Minister Kapil Sibal
would take additional charge of the telecom portfolio. A full-time Cabinet minister for
telecom is likely to be announced as part of a reshuffle following the winter session of
Parliament, possibly after January 14.
HDFC Bank 2385.2 2.84 Syndicate Bank 158.05 7.19 Intra Infotc 31.05 9.33
Wipro 433.15 1.87 HMT 77 6.28 Orient Abr 34.85 9.08
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Rs %
Reliance Infra 1029.6 -1.69 Dishman Pharma 158.6 -6.26 Garware Poly 206.9 -19.99
DLF 322.05 -1.68 IBN18 Broad 104.05 -5.96 Polyplex Corp 829.35 -10
NTPC 189.75 -1.25 AIA Engineering 425 -4.89 Gitanjali Gems 328.5 -9.75
Maruti Suzuki 1437.85 -1.19 IVR Prime 100.35 -4.75 Uflex 258.05 -8.78
Reliance Comm 168.05 -1.12 Ispat Inds 19.35 -4.68 Rico Auto 25 -7.75
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
SEL Manufacturing Company Trans Financial Resources BUY 1.89% 37.1
Delta Corp Limited Crosseas Capital Services BUY 1.30% 130.2
Hindustan Org Chem Ltd Jmp Securities BUY 0.65% 61.4
Subex Limited Suresh Kanmal Jajoo SELL 0.33% 86.4
BS TransComm Limited Crosseas Capital Services Pvt. Ltd. SELL 0.88% 210.7
Confidence Petro Jaroli Vincom BUY 2.33% 24.1
Bilpower Gulshan Investment Company BUY 0.76% 191.0
Asian Tea Asian Capital Market Limited BUY 0.78% 31.5
Ballarpur Inds Neha Khandelwal SELL 0.91% 39.4
Black Rose Inds Halan Finance & Investment SELL 1.22% 15.95
Name
BSE
BULK DEALS
NSE
Volume: 1 | Issue: 399| November 16, 2010
Inflation fell for the second consecutive month to a nine-month low of 8.58 per cent
in October.
India's merchandise exports jumped 21.3% in October while imports in the same
month expanded at a much lower pace.
The government today announced that Human Resource Development Minister Kapil Sibal
would take additional charge of the telecom portfolio. A full-time Cabinet minister for
telecom is likely to be announced as part of a reshuffle following the winter session of
Parliament, possibly after January 14.
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