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1. COMMENTARY INDIAN MARKET 26-Oct 25-Oct % Change
BSE Sensex 20,221 20,303 (0.40)
NSE Nifty 6,082 6,106 (0.39)
BSE Midcap 8,455 8,490 (0.42)
BSE Smallcap 10,850 10,826 0.22
Nifty Junior 13,150 13,169 (0.15)
CNX Midcap 9,499 9,501 (0.01)
GLOBAL MARKETS 26-Oct 25-Oct % Change
Dow Jones Ind (USA) 11,169 11,164 0.04
Nasdaq Composite(USA) 2,497 2,491 0.25
S&P 500 (USA) 1,186 1,186 0.00
FTSE 100 (UK) 5,707 5,752 (0.78)
DAX (Germany) 6,614 6,639 (0.38)
9,377 9,401 (0.25)
23,601 23,628 (0.11)
Shanghai Comp (China) 3,042 3,051 (0.32)
KOSPI (South Korea) 1,919 1,916 0.19
STI (Singapore) 3,163 3,182 (0.62)
MSCI Emerging Market 423 423 0.01
MSCI Frontier Market 579 578 0.10
CORPORATE/ ECONOMY NEWS BOND MARKETS 26-Oct 25-Oct Change
10yr G-Sec Yield 8.14 7.93 0.21
1yr G-Sec Yield 7.08 7.08 0.00
LIBOR (6m) 0.46 0.46 0.00
LIBOR (1m) 0.26 0.26 0.00
Interbank Call rate 6.8 6.8 0.02
Nikkei 225 (Tokyo)
Hang Seng (Hong Kong)
Volume: 1 | Issue: 386| October 27, 2010
INDIA
The Bombay Stock Exchange benchmark Sensex shed over 80 points at the end of the session on
Tuesday due to selling by funds and retail investors in metal, bank, PSU and healthcare stocks
amid a mixed trend in the Asian region. The Sensex was down 81.73 points at 20,221 points and
the broader Nifty was down 23.8 points at 6,082 points. The broader indices were mixed, the BSE
Mid-Cap index ended lower by 0.42% and BSE Small-Cap index edged higher by 0.22%.
The market breath was negative. Out of 3091stocks, 1408 advanced, 1557 declined and 128
remained unchanged.
GLOBAL MARKETS
Stocks ended in slightly positive territory on Tuesday after seesawing throughout the session, as
investors weighed readings on consumer confidence and housing against a slew of earnings
reports. The Dow Jones ticked up 5 points, the S&P 500 was flat and the Nasdaq gained 6 points.
Stocks climbed to six month highs on Monday, propelled higher by a stronger-than-expected
report on existing home sales. But with uncertainty underlying the daily economic and corporate
reports, volatility will continue to dominate.
Asian markets are trading positively The Nikkei is trading up by 0.56% & the Hang Seng is up by
0.2%
Idea Cellular had posted a consolidated net profit of Rs 179.74 crore for the second quarter
ended September 30, 2010 which according to market experts was below the market
expectations. The net profit stood at Rs 220.15 crore in the July-September quarter of last fiscal.
NTPC announced its second quarter results. The company's Q2 net profit was down at Rs 2107.4
crore versus Rs 2152 crore.Its net sales were up at Rs 12,989.3 crore versus Rs 10,782.8 crore.
`
13
14
14
15
15
16
16
17
5900
5950
6000
6050
6100
6150
20-Oct 21-Oct 22-Oct 25-Oct 26-Oct
NSE Turnover Rs Cr('000) Nifty
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
19600
19700
19800
19900
20000
20100
20200
20300
20400
20-Oct 21-Oct 22-Oct 25-Oct 26-Oct
BSE Turnover Rs Cr('000) Sensex
Volume: 1 | Issue: 386| October 27, 2010
INDIA
The Bombay Stock Exchange benchmark Sensex shed over 80 points at the end of the session on
Tuesday due to selling by funds and retail investors in metal, bank, PSU and healthcare stocks
amid a mixed trend in the Asian region. The Sensex was down 81.73 points at 20,221 points and
the broader Nifty was down 23.8 points at 6,082 points. The broader indices were mixed, the BSE
Mid-Cap index ended lower by 0.42% and BSE Small-Cap index edged higher by 0.22%.
The market breath was negative. Out of 3091stocks, 1408 advanced, 1557 declined and 128
remained unchanged.
GLOBAL MARKETS
Stocks ended in slightly positive territory on Tuesday after seesawing throughout the session, as
investors weighed readings on consumer confidence and housing against a slew of earnings
reports. The Dow Jones ticked up 5 points, the S&P 500 was flat and the Nasdaq gained 6 points.
Stocks climbed to six month highs on Monday, propelled higher by a stronger-than-expected
report on existing home sales. But with uncertainty underlying the daily economic and corporate
reports, volatility will continue to dominate.
Asian markets are trading positively The Nikkei is trading up by 0.56% & the Hang Seng is up by
0.2%
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
reservesthe 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.
Idea Cellular had posted a consolidated net profit of Rs 179.74 crore for the second quarter
ended September 30, 2010 which according to market experts was below the market
expectations. The net profit stood at Rs 220.15 crore in the July-September quarter of last fiscal.
NTPC announced its second quarter results. The company's Q2 net profit was down at Rs 2107.4
crore versus Rs 2152 crore.Its net sales were up at Rs 12,989.3 crore versus Rs 10,782.8 crore.
Tata Global Beverages Ltd (formerly Tata Tea Ltd) has informed that its UK-based subsidiary
has acquired a minority stake in the equity capital of US-based performance beverage and
bottled water company Activate.
Auto component manufacturer Ingersoll Rand has said that it is setting up a manufacturing
facility at an investment of $20 million (around Rs 88 crore) over the next 18 months, for which it
is currently evaluating two locations in South India.
Edelweiss Capital has reported a marginal rise of 2 per cent in its second quarter profit after
tax at Rs 66 crore compared with Rs 65 crore in the same period last fiscal.
Total revenue rose sharply by 44 per cent to Rs 376 crore during the quarter ended September
30, 2010 from Rs 261 crore in the corresponding quarter last financial year.
Zenotech Laboratories has reported a net loss of Rs 2.87 crore for the second quarter ended
September 30, 2010 against Rs 2.22 crore in the same period last fiscal.
Vedanta group firm Sterlite Industries posted a growth of over five per cent in its consolidated
net profit for the second quarter ended September 30. Sterlite Industries has reported a net
profit of Rs 1,008.03 cr in the September quarter as against Rs 958.85 cr in the same period last
fiscal.
Tata Coffee has posted a consolidated net profit Rs 10.1 crore, up by 12.8 per cent for the
second quarter ended September 30, 2010.The net profit stood at Rs 8.9 crore during the same
quarter of last fiscal

2. CORPORATE NEWS SECTOR 26-Oct 25-Oct % Change
Consumer Durables 6,589 6,461 1.99
Auto 9,934 9,849 0.86
FMCG 3,641 3,623 0.50
IT 6,108 6,111 (0.05)
Capital Goods 16,085 16,120 (0.22)
Realty 3,821 3,831 (0.26)
Oil&Gas 11,012 11,049 (0.34)
Teck 3,746 3,763 (0.46)
Power 3,213 3,232 (0.58)
Healthcare 6,506 6,546 (0.62)
PSU 10,391 10,472 (0.77)
Bankex 14,059 14,179 (0.84)
Metal 17,000 17,209 (1.21)
BSE Upper Circuit Breakers
Company Name 26-Oct 25-Oct % Change
Cat Technologies 18.8 15.7 20.00
Softpro Systems 329.1 299.2 10.00
12.8 11.6 10.00
0 75.7 72.1 5.00
Orissa Minerals 70778.7 67408.3 5.00
BSE Lower Circuit Breakers
Digjam
TCM
Volume: 1 | Issue: 386| October 27, 2010
FMCG major Procter & Gamble Hygiene and Healthcare (PGHHCL) has posted a 39 per cent
decline in its net profit at Rs 31.36 crore for the quarter ended September 30, 2010, over the same
period last fiscal.
United Phosphorus Ltd has posted a net profit after tax of Rs 81.36 crore for the second quarter
ended September 30, 2010 compared with Rs 21.84 crore for the quarter ended September 30,
2009. The company’s total income has increased from Rs 587.37 crore for the quarter ended
September 30, 2009 to Rs 771.28 crore for the quarter ended September 30, 2010.
Public sector lender Dena Bank has posted a 29 per cent rise in net profit at Rs 160.6 crore for the
second quarter ended September 30, 2010 against Rs 124.6 crore in the same quarter of last
fiscal. The bank said that its total income increased by 23 per cent to Rs 1,340.3 crore from Rs
1,088.1 crore. During the quarter under review, the bank earned an interest of Rs 1,221.4 crore (Rs
962.7 crore).
Shreyas Shipping and Logistics, which returned to making profits in the September quarter,
will be raising Rs 100-crore for expansion in the next eight- months.
The Mumbai-based company posted a net profit of Rs 4.86-crore for the July-September (Q2 FY
11) period as against a Rs 6.77-crore loss in the same period last year on the back of revival in the
shipping and logistics trade.
JSW Steel Ltd , India's No. 3 steel maker, expects steel prices to be weak in coming months due
to global cues and the rupee's appreciation, M.V.S. Seshagiri Rao, the group chief financial officer,
told reporters on Tuesday.
Power Finance Corp plans to raise $260 million through external commercial borrowings (ECBs)
in next two to three months, its chairman Satnam Singh told reporters on Tuesday. He said the
ECBs would likely to be of five-year durations.
Looking to scale up sourcing of agricultural products from India, the world's largest retailer Wal-
Mart Stores Inc said its joint venture with the Bharti Group here will rope in 35,000 farmers by
2015 to its supply chain. At present, the 50:50 cash and carry joint venture, Bharti Wal-Mart, works BSE Lower Circuit Breakers
Company Name 26-Oct 25-Oct % Change
Bedmutha Industries 194.0 204.2 (5.00)
7 Seas Technologies 98.9 104.1 (5.00)
Subhkam Capital 405.0 426.3 (5.00)
Devika Port 10.9 11.4 (5.00)
Oregon Commercials 108.8 114.5 (5.00)
COMMODITY / CURRENCY NEWS COMMODITY 26-Oct 25-Oct % Change
Crude Oil (USD/bbl) 82.4 82.4 -
Gold (Rs/10gm) 19,584.0 19,556.0 0.14
Silver (Rs/kg) 35,939.0 35,481.0 1.29
CURRENCY 26-Oct 25-Oct % Change
INR / USD 44.43 44.58 (0.34)
USD / Euro 1.38 1.39 (0.50)
Yen / USD 81.63 81.38 0.31
Volume: 1 | Issue: 386| October 27, 2010
Light Sweet Crude Oil on Tuesday was up by flat at $82.4 per barrel. Gold closed up by 0.14% at
Rs 19,584 and Silver closed up by 1.29% at Rs. 35,939.
The Indian Rupee closed higher against the dollar at 44.43 as the Indian equity benchmarks ended
on 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.
FMCG major Procter & Gamble Hygiene and Healthcare (PGHHCL) has posted a 39 per cent
decline in its net profit at Rs 31.36 crore for the quarter ended September 30, 2010, over the same
period last fiscal.
United Phosphorus Ltd has posted a net profit after tax of Rs 81.36 crore for the second quarter
ended September 30, 2010 compared with Rs 21.84 crore for the quarter ended September 30,
2009. The company’s total income has increased from Rs 587.37 crore for the quarter ended
September 30, 2009 to Rs 771.28 crore for the quarter ended September 30, 2010.
Public sector lender Dena Bank has posted a 29 per cent rise in net profit at Rs 160.6 crore for the
second quarter ended September 30, 2010 against Rs 124.6 crore in the same quarter of last
fiscal. The bank said that its total income increased by 23 per cent to Rs 1,340.3 crore from Rs
1,088.1 crore. During the quarter under review, the bank earned an interest of Rs 1,221.4 crore (Rs
962.7 crore).
Shreyas Shipping and Logistics, which returned to making profits in the September quarter,
will be raising Rs 100-crore for expansion in the next eight- months.
The Mumbai-based company posted a net profit of Rs 4.86-crore for the July-September (Q2 FY
11) period as against a Rs 6.77-crore loss in the same period last year on the back of revival in the
shipping and logistics trade.
JSW Steel Ltd , India's No. 3 steel maker, expects steel prices to be weak in coming months due
to global cues and the rupee's appreciation, M.V.S. Seshagiri Rao, the group chief financial officer,
told reporters on Tuesday.
Power Finance Corp plans to raise $260 million through external commercial borrowings (ECBs)
in next two to three months, its chairman Satnam Singh told reporters on Tuesday. He said the
ECBs would likely to be of five-year durations.
Looking to scale up sourcing of agricultural products from India, the world's largest retailer Wal-
Mart Stores Inc said its joint venture with the Bharti Group here will rope in 35,000 farmers by
2015 to its supply chain. At present, the 50:50 cash and carry joint venture, Bharti Wal-Mart, works
with 550 farmers in the country.
Tech Mahindra posted a consolidated net profit of Rs 150 crore for the quarter ended
September 30, 2010, a decrease of 11 per cent as compared to Rs 169 crore posted for the same
quarter a year earlier. Consolidated revenue from services went up by 34 per cent to Rs 1,533
crore for the reporting quarter as compared to Rs 1,141 crore posted in the corresponding
quarter a year earlier.
Textile and retail major Arvind Mills has lined up a Rs 850 crore capex over the next five years to
fuel expansion in both its core and new businesses.
Photovoltaic cell manufacturer Indosolar, has entered into a Rs 2,700 crore deal with China-
based solar power component provider GCL-Poly for the purchase of silicon wafers.

3. ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
Orchid Chemical 340.5 343.2 0.79
GTL Infra 44.3 44.65 0.79
Hotel Leela 54.2 54.6 0.74
Bank Of Baroda 979.5 986.55 0.72
On Mobile 352.3 354.75 0.71
Jindalswhl 2146.5 2161.7 0.71
Maruti 1566.8 1563.1 (0.24)
Uniphosphorus 200.8 200.5 (0.17)
Relcapital 858.9 857.5 (0.16)
Core Project 281.4 281.0 (0.12)
Hindustan Zinc 1255.4 1253.9 (0.12)
EKC 129.3 129.2 (0.08)
INSTITUTIONAL ACTIVITY (Rs Cr) 18-Oct 15-Oct YTD
FII Cash Net 816 654 1,04,598
FII Stock Futures (870) (664) (12,966)
FII Index Futures (174) (526) (10,650)
Mutual Fund (1,085) (1,048) (29,892)
VALUATIONS P/E P/B DIV YLD
BSE 23.7 3.8 1.0
NSE 25.0 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 %
Maruti Suzuki 1,563 3.59 Dena Bank 138 8.90 Murli Inds 98 18.76
ITC 172 1.30 Info Edge India 684 5.76 K Sera Sera 16 15.43
Jaiprakash Asso 127 1.04 Deccan Chron 136 5.52 Jindal Poly 673 14.81
Reliance Infra 1,069 0.86 Raymond 437 4.66 Cambridge Sol 64 12.71
MOVERS & SHAKERS
Name
Volume: 1 | Issue: 386| October 27, 2010
The government is likely to dilute its stake in 7 more companies this fiscal, including
10 per cent disinvestment in Indian Oil Corporation in January and SAIL's stake sale in
February, to meet the target of raising Rs 40,000 crore. The public issue of PowerGrid is
expected in the second week of November and of Manganese Ore India Ltd towards the
end of November. That would be followed by Shipping Corporation in the first week of
December, while Hindustan Copper public subscription would open on the second week
of December.
India aims to add about 35 gigawatts of renewable power generation capacity by
2015,at an investment of about $55 billion as the country seeks to cut a power deficit and
carbon emissions. Most of the investment has to come from private firms, said Debashish
Majumdar, head of Indian Renewable Energy Development Agency.
The government ruled out putting controls on FII inflows into the equity market as
of now, but said that the Reserve Bank of India (RBI) may intervene to check the
rupee appreciation if needed.
The Reserve Bank of India (RBI) warned of persistent inflationary pressures on the
economy from rising food prices, adding to expectations that the RBI will raise
interest rates in November.
Reliance Infra 1,069 0.86 Raymond 437 4.66 Cambridge Sol 64 12.71
DLF 370 0.79 SKF India 575 4.59 AQUA LOGIST 64 12.31
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Rs %
Tata Steel 605 -2.6 United Phos 201 -7.17 Avance Tech 8 -7.53
Bharti Airtel 329 -2.4 MAH HOLIDAY 441 -5.68 Deepak Fert 180 -7.07
Hindustan Unilever 299 -2.2 Zuari Inds 845 -4.48 Banco Products 105 -5.66
SBI 3180 -1.8 Onmobile Global 352 -4.24 Subhkam Cap 405 -5.00
Reliance Comm 176 -1.7 Core Projects 281 -4.21 Elpro Intl 519 -4.98
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
Arvind Intl Manorama Tongia BUY 2.30% 28.7
Mangalore Chemicals & Fer Transglobal Securities Ltd. BUY 1.23% 45.5
SEL Manufacturing Company Radha Krishan Garg BUY 0.65% 48.7
Neuland Laboratories Ltd Anmol Finpro Pvt Ltd SELL 50.00% 140.7
Tulsi Extrusions Vora Bhavik Prafulchandra SELL 0.97% 71.0
Birla Shloka Indravarun Trade Impex BUY 1.88% 38.72
Bilpower SPJ Stock Brokers BUY 0.76% 197.7
Shiva Cement Ganesh Sarjulal Gupta BUY 1.24% 11.0
Ballarpur Inds Neha Khandelwal SELL 0.91% 2.35
Quintegra Sol Shailendra Kumar Komatreddy SELL 1.72% 16.12
Name
BSE
BULK DEALS
NSE
Volume: 1 | Issue: 386| October 27, 2010
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
The government is likely to dilute its stake in 7 more companies this fiscal, including
10 per cent disinvestment in Indian Oil Corporation in January and SAIL's stake sale in
February, to meet the target of raising Rs 40,000 crore. The public issue of PowerGrid is
expected in the second week of November and of Manganese Ore India Ltd towards the
end of November. That would be followed by Shipping Corporation in the first week of
December, while Hindustan Copper public subscription would open on the second week
of December.
India aims to add about 35 gigawatts of renewable power generation capacity by
2015,at an investment of about $55 billion as the country seeks to cut a power deficit and
carbon emissions. Most of the investment has to come from private firms, said Debashish
Majumdar, head of Indian Renewable Energy Development Agency.
The government ruled out putting controls on FII inflows into the equity market as
of now, but said that the Reserve Bank of India (RBI) may intervene to check the
rupee appreciation if needed.
The Reserve Bank of India (RBI) warned of persistent inflationary pressures on the
economy from rising food prices, adding to expectations that the RBI will raise
interest rates in November.