The Indian stock market experienced modest gains following a challenging period, with the BSE Sensex closing at 18,883 and Nifty at 5,655, despite broader indices reporting losses. Major companies announced significant profit increases, including Tata Consultancy Services and Axis Bank, while several stocks, including those from the Reliance group, faced pressure. Global markets were mixed, and key economic indicators indicated rising indirect tax collections in India.

1. January 18, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 17-Jan 14-Jan % Change COMMENTARY
BSE Sensex 18,883 18,860 0.12 INDIA
NSE Nifty 5,655 5,654 0.01 The third week of January began on a lackluster note and finally, there is some relief for the Indian market
BSE Midcap 7,123 7,224 (1.40) after a two-week drubbing. Although there wasn't any big rally, at least the main indices managed to eke
BSE Smallcap 8,868 8,994 (1.40) out modest gains at the end of an extremely choppy and lackluster session. But, the broader indices had
Nifty Junior 11,210 11,293 (0.74) no such luck, as they extended last week's losses.ADAG stocks were under immense pressure, stocks like
CNX Midcap 8,136 8,211 (0.92) Reliance Power, Reliance Capital, Reliance Comm, Reliance Infra and Reliance Medi works fell sharply.The
BSE Sensex gained 23 points to close at 18,883 and the NSE Nifty ended almost unchanged at 5,655.The
BSE Midcap & Smallcap lost 1.40% each.
GLOBAL MARKETS 17-Jan 14-Jan % Change The market breadth was negative. Of the total 2997 stocks traded on the BSE, 1986 stocks had declined
Dow Jones Ind (USA) * 11,787 11,787 0.00 while 862 had advanced.
Nasdaq Composite(USA)* 2,755 2,755 0.00
S&P 500 (USA) * 1,293 1,293 0.00
FTSE 100 (UK) 5,985 6,002 (0.28) GLOBAL MARKETS.
DAX (Germany) 7,078 7,076 0.03
Nikkei 225 (Tokyo) 10,503 10,499 0.04 US markets were closed on account of Martin Luther King Jr. Day. About 10% of the S&P 500 will report
earnings this week.
Hang Seng (Hong Kong) 24,157 24,283 (0.52)
Shanghai Comp (China) 2,707 2,791 (3.01) Asian markets are trading mixed in the morning as Nikkei is trading up 0.18% while Shanghai is down
KOSPI (South Korea) 2,100 2,108 (0.39) 0.42% .
STI (Singapore) 3,239 3,246 (0.23)
MSCI Emerging Market 438 440 (0.35) SGXNifty is trading up by 10pts at 5670 indicating a flat to positive opening.
MSCI Frontier Market 608 610 (0.33)
BOND MARKETS 17-Jan 14-Jan Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.22 8.18 0.04 Country's largest software firm Tata Consultancy Services (TCS) posted 29.93 per cent jump in
1yr G-Sec Yield 7.50 7.48 0.02 consolidated net profit at Rs 2,369.83 crore for the third quarter ended December 31, 2010.
LIBOR (6m) 0.45 0.45 0.00
LIBOR (1m) 0.26 0.26 0.00 State-run lending agency Power Finance Corporation (PFC) posted 17 per cent jump in its net profit at
Interbank Call rate 6.7 6.3 0.31 Rs 658.8 crore for the quarter ended December 31, 2010.
Engineering giant Larsen & Toubro (L&T) reported a 10.77 per cent jump in net profit to Rs 840.53 crore
for the third quarter ended December 2010.The firm had posted a net profit of Rs 758.82 crore during the
BSE Turnover Rs Cr('000) Sensex corresponding quarter in the previous fiscal.
19600 4.5
4.0 Private lender Axis Bank posted its net profit up 35.82 per cent at Rs 891.36 crore compared to Rs 655.98
19400 crore in the December quarter a year ago.Total income was recorded at Rs 4,986.02 crore, up 28.77 per
3.5
19200 3.0 cent from the previous year's December quarter at Rs 3,871.74 crore.
2.5
19000
2.0 Healthcare firm Zydus Wellness said its net profit rose 36.59 per cent to Rs 19.56 crore for the third
18800 1.5 quarter ended December 31, 2010, over the same period last fiscal.The company had reported a net profit
1.0 of Rs 14.32 crore for the same period in previous fiscal.
18600
0.5
18400 0.0 Essar Oil reported a net profit of Rs 273 crore for the quarter ended December 31, 2010 as against a net
11-Jan 12-Jan 13-Jan 14-Jan 17-Jan loss of Rs 226 crore in the year ago period. Net sales was up 23 per cent to Rs 12,495 crore in the October-
December quarter.During April-December, the company reported a net profit of Rs 333 crore as opposed
to a loss of Rs 150 crore in the first nine months of previous fiscal.Net sales was up 28.7 per cent to Rs
34,341 crore.
NSE Turnover Rs Cr('000) Nifty
6000 18 Private sector lender Indusind Bank Ltd posted a 74.76 per cent growth in its net profit for the quarter
16 ended December 31, 2010 at Rs 153.86 crore.The Bank had recorded a net profit of Rs 88.04 crore in the
5900
14 corresponding quarter last fiscal,.
5800 12
88.38 #DIV/0!
10
5700 With rubber prices going up, tyre manufacturer JK Tyre & Industries has decided to hike price of its
8
5600 6 products by two to four per cent.
4
5500 Jaiprakash Power has posted a net profit of Rs 22.77 crore for the quarter ended December 31, 2010,
2
5400 0 up 35.05 per cent as compared to Rs 16.86 crore for the quarter ended December 31, 2009.
11-Jan 12-Jan 13-Jan 14-Jan 17-Jan
JSW Steel, India's third largest producer of the alloy, has bought assets of Bellary Steel for Rs 210 crore.
`

2. January 18, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 17-Jan 14-Jan % Change CORPORATE NEWS
Cd 5,933 5,972 (0.65) Tata Communications said that it has entered into an outsourcing agreement with
Bankex 11,778 11,878 (0.84) Cananda-based Videotron under which the later will route the entire international
Oil & Gas 9,920 9,944 (0.24) voice traffic though the Tata group firm's network.
Metal 16,093 16,155 (0.38)
Psu 8,684 8,698 (0.16) DQ Entertainment (DQE), a entertainment production and distribution company,said
that it has inked a co-production agreement for the second series of the animation of
Realty 2,451 2,465 (0.53)
Le Petit Nicolas with France-based M6 Studios.
Fmcg 3,576 3,592 (0.43)
Power 2,770 2,779 (0.29) Dhampur Sugar Mills reported a net profit of Rs 7.41 crore for the quarter ended on
Hc 6,436 6,446 (0.15) December 31, 2010, a 91 per cent decline over the corresponding period in the
Cg 13,587 13,656 (0.50) previous year.The company had posted a net profit of Rs 82.53 crore for the quarter
It 6,429 6,550 (1.84) ended on December 31, 2009.
Auto 9,161 9,252 (0.98)
Teck 3,802 3,865 (1.63) State-run Air India Ltd plans to lease 40 new planes from Canada's Bombardier and
France's Airbus as it looks to take advantage of a burgeoning middle class in Asia's
third largest economy.
T hardware firm HCL Infosystems said it has received a contract from Kerala State
Electronics Development Corporation (Keltron) for providing laptops and netbooks to
the state government's IT@School project
BSE Upper Circuit Breakers
Company Name 17-Jan 14-Jan % Change Suzlon Energy said its subsidiary REpower Systems has bagged a contract for
Brilliant Securities 30.0 25.0 20.00 supplying 150 wind turbines to Canada-based Saint-Laurent Energies.Suzlon Energy is
Rama Vision 9.2 7.7 20.00 a majority shareholder in REpower Systems with a holding of over 90%.
Shilchar Technologies 88.0 80.0 10.00
Symphony 956.8 911.2 5.00 Lincoln Pharmaceuticals said it has received patent approval for a nasal spray, which
0
Kemp & Com 281.2 267.8 5.00 would help prevent vomiting and nausea.The company has won the patent for a novel
nasal drug delivery system (NDDS) that helps in arresting vomiting and nausea.
Essar Oil plans a 35-day shutdown in May-June at its 280,000 barrel per day (bpd)
Vadinar refinery in western India to add new units for raising the plant's capacity to
360,000 bpd.
BSE Lower Circuit Breakers State-run Infrastructure Development Finance Corporation (IDFC) said that it is
Company Name 17-Jan 14-Jan % Change looking to come out with a retail bond issue in the next fiscal.IDFC's second tranche of
International Conveyors 18.0 20.0 (10.00) retail bond issue to raise over Rs 2,900 crore opened yesterday. The issue closes on
KEN Financials 119.3 125.5 (5.00) February 4. The company has already raised Rs 471 crore in the first tranche in
(5.00) September.
Heritage Foods 199.5 209.9
LS Industries 121.0 127.4 (5.00)
Ruias-led Essar Steel said that it will formalise its partnership with Kobe of Japan into
Spectacle Infotech 23.5 24.8 (5.00) a joint venture agreement for producing auto grade steel at the Hazira plant in Gujarat.
Steel Strips Wheels Ltd (SSWL) has received order worth Rs 6 lakh for wheel
manufacturing from Peugoet Citroen (PSA) group of France, one of the major car
makers in Europe.
State-owned Indian Oil Corp, the nation's largest fuel retailer said it is losing Rs 1.22
per litre on petrol despite last week's Rs 2.50 a litre hike in prices, as crude oil rules at
two-year high levels.
COMMODITY 17-Jan 14-Jan % Change COMMODITY / CURRENCY NEWS
Crude Oil (USD/bbl) 91.0 91.1 (0.15)
Gold (Rs/10gm) 20,270.0 20,223.0 0.23
Silver (Rs/kg) 43,662.0 43,614.0 0.11 Light Sweet Crude Oil on Monday was down by 0.15% at $91 per barrel. Gold closed up
by 0.23% at Rs 20,270 and Silver closed flat at Rs. 43,662.
CURRENCY 17-Jan 14-Jan % Change The Indian Rupee closed lower against the dollar at 45.36 as the Indian equity
INR / USD 45.51 45.36 0.33 benchmarks ended on positive note.
USD / Euro 1.32 1.33 (0.75)
Yen / USD 82.66 82.98 (0.39)

3. January 18, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
CHENNPETRO 227.4 225.0 (1.06) Tea Board of India said that it is looking at Singapore as a platform to tap the
PNB 1134.0 1,123.6 (0.92) export market in the Asia Pacific region (APAC).
PFC 272.8 270.7 (0.79)
CONCOR 1227.2 1,218.0 (0.75) Chinese stocks slumped 3% on Monday with banks shares pacing the decline after
HCLTECH 476.4 473.4 (0.64) the People's Bank of China asked lenders to set side more funds as reserves.
BOSCHLTD 6299.8 6,260.0 (0.63) Property stocks also fell amid talk of a property tax in Shanghai.
BAJAJHLDNG 744.8 753.0 1.09
The indirect tax collections rose by 42.8 per cent to Rs 2.37 lakh crore during April-
ABGSHIP 364.9 367.2 0.64
December this year compared to corresponding period last fiscal, indicating
OIL 1309.7 1,318.0 0.63
uptick in economic activities.During the corresponding nine-month period last
PTC 111.3 112.0 0.63 fiscal, the indirect tax collections were over Rs 1.66 lakh crore.
GODREJIND 175.5 176.5 0.60
JISLJALEQS 221.6 222.9 0.59 The Confederation of Indian Industry (CII) on Monday, pitched for expeditious
enactment of insurance Bill to hike the FDI in private insurance companies to 49
INSTITUTIONAL ACTIVITY (Rs Cr) 05-Jan 04-Jan YTD per cent, from the current 26 per cent, to raise the penetration level, particularly
FII Cash Net (92) 779 1,31,633 in the rural market.
FII Stock Futures (495) (487) 12,779
FII Index Futures (109) (82) (8,006) Trade ministers from key WTO members, including India, will be meeting at Davos
Mutual Fund (177) (293) (28,566) in Switzerland on January 29, amidst low expectations for breakthrough for the
10-year old Doha negotiations for a global trade deal.
VALUATIONS P/E P/B DIV YLD
BSE 21.7 3.6 1.1
NSE 22.5 3.6 1.1
BSE500 Mcap/GDP Ratio 0.65
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
HDFC 661.75 3.15 Gitanjali Gems 197.25 7.88 Splash Media 104.7 18.37
Infosys 3,267.95 2.06 BOC India 314.35 6.02 Graviss Hospitality 26.85 7.4
Cipla 345.90 1.87 Shree Ashtavina 5.62 4.85 Sterling Hol Res 86 7.37
TCS 1,138.15 1.74 Sanwaria Agro 152 4.04 Tata Coffee 594.45 6.97
Bajaj Auto 1,267.15 1.62 Core Projects 279.95 2.7 Bombay Burmah 480.75 6.68
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Reliance Infra 735.70 -7.84 Jindal Poly 479.05 -8.03 Andhra Cements 10.58 -17.08
Jaiprakash Asso 88.45 -5.55 Jindal South 1178.65 -6.79 Ferro Alloys 14.8 -8.64
Reliance Comm 131.80 -4.77 Glenmark Pharma 325.1 -6.46 Reliance Media 182.05 -8.45
Sterlite Inds 169.65 -3.8 Man Infra 182.5 -5.86 Jai Balaji Inds 216.45 -7.56
DLF 250.75 -3.19 Sterlite Tech 64.15 -5.8 Ajanta Pharma 180.65 -7.52
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
Vivimed Labs Niraj Rajnikant Shah BUY 4.54% 304.0
Gravita India Crosseas Capital Services BUY 1.50% 266.1
Everonn H P Share Shoppe BUY 2.34% 693.5
XPRO India Chander Kanta SELL 2.30% 70.3
Suryajyoti Spi Dinesh Shah SELL 1.22% 51.0