The document provides a financial update on the Indian stock market, reporting declines in major indices like the Sensex and Nifty due to high volatility and global market influences. It also highlights corporate earnings, indicating profit increases for several companies, including Bajaj Auto and HDFC Bank. Additionally, key economic data such as coal production expectations and airline passenger statistics are included.

1. Volume: 1 | Issue: 381| October 20, 2010
COMMENTARY INDIAN MARKET 19-Oct 18-Oct % Change
INDIA BSE Sensex 19,983 20,169 (0.92)
The markets slid significantly towards the end in a session that was marked by a high degree of NSE Nifty 6,027 6,076 (0.80)
volatility. The Sensex oscillated in a range of more than 300 points between hope of building on BSE Midcap 8,292 8,272 0.24
the previous session's gains and the despair of facing continued resistance around the 20k mark BSE Smallcap 10,639 10,614 0.24
to end around the lows of the day. The Sensex ended at 19,983, weaker by 185 points and the Nifty Junior 12,942 12,956 (0.11)
Nifty closed at 6027, down 48 points. The broader markets outperformed the benchmark indices; CNX Midcap 9,315 9,317 (0.03)
the BSE Mid-cap index pared its early gains to end flat at 8292, up by a 0.24 % and the BSE Small-
cap index also ended at 10,639, up 0.24 %.
GLOBAL MARKETS 19-Oct 18-Oct % Change
The market breadth was marginally negative, out of 3079 stocks traded on the BSE 1487 stocks Dow Jones Ind (USA) 10,978 11,143 (1.48)
declined and 1464 stocks had advanced.. Nasdaq Composite(USA) 2,437 2,480 (1.73)
S&P 500 (USA) 1,166 1,184 (1.52)
GLOBAL MARKETS FTSE 100 (UK) 5,719 5,743 (0.41)
Stocks fell sharply on Tuesday, amid reports that a group of bondholders are trying to force Bank DAX (Germany) 6,503 6,517 (0.21)
of America to repurchase bad mortgages. Investors also weighed a surprise rate hike by the Nikkei 225 (Tokyo) 9,536 9,498 0.40
Chinese government, and mixed data on the housing market and corporate results. The Dow Hang Seng (Hong Kong) 23,764 23,469 1.25
Jones industrial average lost 1.5% with Bank of America leading the decline. The S&P 500 slipped Shanghai Comp (China) 3,002 2,955 1.58
1.5%, and the tech-heavy Nasdaq shed 1.7%.
KOSPI (South Korea) 1,857 1,875 (0.97)
STI (Singapore) 3,192 3,181 0.35
Asian markets dropped for a fourth day after China unexpectedly raised its lending and deposit
MSCI Emerging Market 416 421 (1.28)
rates. The Nikkei is trading lower by 2% & the Hang Seng by 1.7%
MSCI Frontier Market 574 577 (0.52)
CORPORATE/ ECONOMY NEWS BOND MARKETS 19-Oct 18-Oct Change
IT offshoring major Polaris Software reported that its consolidated net profit rose by 36.82 per 10yr G-Sec Yield 8.09 8.11 (0.02)
cent to Rs 48.15 crore for the quarter ended September 30, 2010, over the same period last year. 1yr G-Sec Yield 6.85 6.85 0.00
Income rose to Rs 388.33 crore in July-September quarter this fiscal, against Rs 338.30 crore in LIBOR (6m) 0.46 0.46 0.00
the same period last year. LIBOR (1m) 0.25 0.26 (0.01)
Interbank Call rate 6.6 6.5 0.09
HDFC Bank has posted a net profit of Rs. 9.12bn for the quarter ended September 30, 2010 as
compared to Rs. 6.87bn for the quarter ended September 30, 2009. Net interest income (NII) -
BSE Turnover Rs Cr('000) Sensex
Rs. 25.36bn vs. Rs. 19.55bn. Total Income has increased from Rs. 50454.30mn for the quarter 20800 8.0
ended September 30, 2009 to Rs. 57707mn for the quarter ended September 30, 2010. 7.0
20600
6.0
Cadila Healthcare's consolidated net profit rose by 29.49 per cent to Rs 170.8 crore for the 20400 5.0
second quarter ended September 30.Total income of the company was Rs 1,120.5 crore for the
20200 4.0
quarter ended September 30, compared to Rs 949.8 crore in the same period last fiscal.
20000 3.0
2.0
On the back of its highest ever quarterly sales, Bajaj Auto reported 69.32 per cent jump in its 19800 1.0
net profit for the quarter ending September 30 at Rs 682.08 crore. The company had reported Rs
19600 0.0
402.83 crore during the same period last year. Its net sales were up 49.68% at Rs 4180.90 crore
versus Rs 2793.2 crore, YoY. EBITDA margins at 20.7% versus 20% (QoQ). 13-Oct 14-Oct 15-Oct 18-Oct 19-Oct
State-run Coal India's $3.5 billion initial public offer received bids for the entire institutional
book the second day, driven by strong investor demand and reasonable pricing for India's
NSE Turnover Rs Cr('000) Nifty
largest IPO. Institutional buyers bid for 1.47 times the shares on offer.
6250 25
6200
Mangalore Chemicals & Fertilisers recorded an around 127 per cent increase in net profit to 20
6150
Rs 33.82 crore for the second quarter ended September 30 on higher sales. The company, which 15
predominantly deals in the fertiliser segment, had recorded a Rs 14.9 crore net profit during the 6100
year-ago period. 6050 10
6000
5
Vedanta group company Sesa Goa reported an over two-fold jump in profit at Rs 384.94 crore 5950
for the second quarter of the current fiscal. The country's largest iron ore exporter, Sesa Goa 5900 0
production was stable at 3.2 million tonnes while sales increased by 25 per cent to 2 million 13-Oct 14-Oct 15-Oct 18-Oct 19-Oct
tonnes compared with the corresponding prior quarter.
`
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.

2. Volume: 1 | Issue: 381| October 20, 2010
CORPORATE NEWS SECTOR 19-Oct 18-Oct % Change
Anil Dhirubhai Ambani Group's (ADAG) brokerage arm Reliance Securities is planning to Healthcare 6,358 6,291 1.06
invest Rs 300 crore for upgrading infrastructure, hiring staff and enhancing the capability of its Auto 9,766 9,738 0.28
online trading platform.The company will make this investment over the next 3-5 years with an FMCG 3,603 3,601 0.06
aim to upgrade the IT infrastructure and to add new features to its trading platform. Oil&Gas 10,738 10,782 (0.41)
Consumer Durables 6,275 6,301 (0.42)
Drugmaker Alembic reported that its second quarter consolidated net profit rose 63.8 per cent, PSU 10,297 10,363 (0.64)
primarily on robust sales growth in branded formulations and active pharmaceutical ingredients Bankex 13,931 14,026 (0.68)
(APIs).The company reported a consolidated net profit of Rs 21.77 crore on net sales of Rs 363 Capital Goods 15,836 15,964 (0.80)
crore for July-September. Power 3,196 3,226 (0.94)
Metal 17,276 17,494 (1.25)
State-owned Bharat Petroleum Corp Ltd (BPCL) said that it has made a second natural gas Teck 3,698 3,764 (1.73)
discovery in a block off Mozambique, but did not give the scale of reserves the finds may hold. Realty 3,841 3,909 (1.75)
IT 6,016 6,153 (2.22)
Sun TV founder Kalanithi Maran and his unlisted aviation firm, Kal Airways Pvt Ltd, have raised
stake in low-cost carrier SpiceJet after acquiring an additional 9.22 million shares, or 2.28 per
cent.
Japan's Nippon Steel will begin a manufacturing operation in India making steel pipes for use in
automobiles, the world's fourth-largest steelmaker and for that is plans to invest 3 billion yen
BSE Upper Circuit Breakers
($37 million) on production and sales operations.
Company Name 19-Oct 18-Oct % Change
Rossell Tea 513.4 427.9 20.00
Engineering and construction major Larsen & Toubro (L&T) has received order worth Rs 1,449
crore from DB Power for the Bhaskar Group company's Chhattisgarh project. VTM 171.0 142.5 20.00
L&T will execute the balance of plant (BOP) package for DB Power's 2x600 mega watt thermal Vardhman Holdings 475.0 431.8 10.00
power plant in Chhattisgarh. 0 Khaitan Chemicals 212.0 192.7 10.00
Orissa Minerals 59211.0 56391.5 5.00
Future Capital Holdings said that it acquired Mauritius-based Anchor Investment & Trading Pvt
Ltd to expand in the international market.
State-run Indian Oil Corp is planning a follow-on public share offer to raise about Rs 19000 crore
($4.3 billion).The share sale is part of India's broader effort to divest stakes in roughly 60
companies in the next few years. BSE Lower Circuit Breakers
Company Name 19-Oct 18-Oct % Change
Drug firm Natco Pharma reported that American pharma company Celgene Corporation has Arrow Textiles 14.3 15.0 (5.00)
filed a lawsuit against it in the US seeking to prevent it from marketing generic Lenalidomide Kemp & Co 271.2 285.5 (5.00)
capsules used to treat cancer. Subhkam Capital 514.7 541.8 (5.00)
Marathawada Refractories 285.1 300.0 (5.00)
Essar group firm Aegis has forayed into Argentina by taking over BPO company Actionline which Sadhana Nitrochem 33.4 35.2 (5.00)
has estimated revenues of over $50 million annually. This is the 16th acquisition for Aegis over
the last five years. The company is part of the $15-billion Essar Group.
Bajaj Holdings & Investment has declared its second quarter results. The company’s Q2
consolidated net sales were up at Rs 426.8 crore versus Rs 210.3 crore, YoY.Its consolidated net
profit was up at Rs 649.5 crore versus Rs 325.9 crore, YoY.
Infosys Technologies is looking at setting up a campus in China, to tap emerging business
opportunities in one of the world's fastest growing economies.
COMMODITY / CURRENCY NEWS COMMODITY 19-Oct 18-Oct % Change
Crude Oil (USD/bbl) 80.4 83.6 (3.78)
Gold (Rs/10gm) 19,543.0 19,897.0 (1.78)
Light Sweet Crude Oil on Tuesday was down by 3.8% at $80.4 per barrel. Gold closed down by
Silver (Rs/kg) 35,643.0 36,434.0 (2.17)
1.8% at Rs 19,543 and Silver closed down by 2.2% at Rs. 35,643.
The Indian Rupee closed higher against the dollar at 44.35 as the Indian equity benchmarks ended CURRENCY 19-Oct 18-Oct % Change
on negative note. INR / USD 44.35 44.36 (0.02)
USD / Euro 1.38 1.39 (1.16)
Yen / USD 81.33 81.31 0.02
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: 381| October 20, 2010
ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
India's coal production in the current financial year to end March is expected to be Core Project 288.1 292.5 1.53
close to the set target.The world's largest coal miner was unlikely to add new mines Hexaware 84.0 84.95 1.13
in the 2010-11 fiscal year, but would expand existing ones.The firm produced Triveni Engineering 118.6 119.75 0.97
431.26 million tonnes of coal in the 2009/10 fiscal year, up 6.82 per cent from a year GVK Power & Infra 42.5 42.9 0.94
earlier. Welcorp 254.7 257 0.92
Opto Circuits 303.0 305.6 0.87
The total domestic passengers carried by the Scheduled Airlines of India in Ambuja Cement 139.4 138.0 (1.00)
September 2010 were 39.10 lakhs as against 39.89 lakh in August 2010, the Infosys 3010.2 2989.7 (0.68)
Government reported. Hero Honda 1836.8 1828.6 (0.45)
Ultra Tech Cement 1131.3 1127.0 (0.38)
Direct tax collections rose by 19 per cent to Rs 1,81,758 crore in the first half of the Ruchi Soya 135.2 134.8 (0.30)
current fiscal compared to that in the same period last year.Personal income tax
Union Bank 403.9 403.1 (0.19)
collection -- including securities transaction tax, residual fringe benefit tax and
banking cash transactions tax -- rose by 13.79 per cent to Rs 59,053 crore from Rs
51,897 crore. INSTITUTIONAL ACTIVITY (Rs Cr) 13-Oct 12-Oct YTD
FII Cash Net 3,100 700 1,03,343
FII Stock Futures (1,004) (879) (11,811)
FII Index Futures (203) (351) (10,088)
Mutual Fund (352) (337) (27,313)
VALUATIONS P/E P/B DIV YLD
BSE 23.6 3.8 1.1
NSE 25.1 3.8 1.0
BSE500 Mcap/GDP Ratio 0.66
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Hero Honda 1,836 1.53 Biocon 455 12.97 Mangalore Chem 40 15.58
Cipla 332 1.51 ING Vysya Bank 418 9.44 Prakash Steelage 156 14.33
ACC 976 0.63 Motilal Oswal 209 7.70 Tilaknagar Inds 88 12.64
Maruti Suzuki 1,494 0.22 Jyothy Lab 314 7.26 Steel Strp Whls 372 10.19
ICICI Bank 1,118 0.19 Pipavavship 83 5.67 Gemini Comm 36 9.74
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Infosys 3012 -3.1 Shree Global Trd 211 -5.87 JVL Agro Inds 399 -5.74
Hindalco Inds 206 -2.2 Petronet LNG 120 -3.93 Camlin 47 -5.56
DLF 369 -2.2 Spicejet 76 -3.33 Gallantt Metal 27 -5.37
Tata Steel 633 -2.0 Alstom Projects 821 -3.29 Garware Offsh 139 -5.05
SBI 3122 -1.4 Triveni Engr 119 -3.1 Prabhav Inds 84 -4.99
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Glory Polyfilms Raj Finvest BUY 1.20% 15.5
Bilpower Limited Dharmendra Arora BUY 0.67% 198.2
Broadcast Initiatives Naman Securities & Finance BUY 0.98% 28.6
Hanung Toys and Textiles Sagar Constructions BUY 1.27% 371.3
Tulsi Extrusions Vora Bhavik Prafulchandra SELL 0.63% 123.6
BSE
Birla Shloka Indravarun Trade Impex BUY 1.68% 41.86
Bilpower Spj Stock Broker BUY 0.65% 200.0
Shiva Cement Ganesh Sarjulal Gupta BUY 0.89% 10.5
Nu Tek India Akash Securities SELL 1.02% 41
Quintegra Sol Shailendra Kumar Komatreddy SELL 1.33% 15.1
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