The Indian equity markets fell for the second consecutive day due to the RBI's surprise decision to raise interest rates by 50 basis points. The Sensex closed at 18,432, down 0.46% and the Nifty closed at 5,546, down 0.52%. In global markets, Wall Street fell 1-2% due to weak US economic data and debt ceiling talks. Domestically, several companies such as Dabur, GAIL and Lupin reported higher Q1 profits. The rupee closed at 44.06 vs the US dollar. Brent crude oil prices fell 0.69% while gold prices closed flat.

1. July 28, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 27-Jul 26-Jul % Change COMMENTARY
BSE Sensex 18,432 18,518 (0.46) INDIA
NSE Nifty 5,546 5,575 (0.52)
BSE Midcap 7,024 7,009 0.23 The Indian equity markets extended the fall for second straight day after RBI’s shocking decision of hiking
BSE Smallcap 8,440 8,438 0.03 interest rates by an aggressive 50 bps. Just when it looked like the stock markets would stage a dead cat
Nifty Junior 11,229 11,224 0.04 bounce, the selling resumed from the previous session, with the Nifty having lost nearly 160 points in the last
two trading sessions. The Capital Goods, Banking, Realty and Power stocks continued to be under pressure.
CNX Midcap 8,114 8,119 (0.06)
Metals and the Oil & Gas stocks were among the other laggards while, the Consumer Durables, FMCG and
the Telecom stocks ended in the green. The BSE Mid-Cap and the Small-Cap stocks outperformed the
benchmark indices and were in demand. Finally, the BSE Sensex ended at 18,432 slipping 86 points. It had
GLOBAL MARKETS 27-Jul 26-Jul % Change earlier touched a day's high of 18,578 and a day's low of 18,358. It opened at 18,571. The NSE Nifty closed at
Dow Jones Ind (USA) 12,303 12,501 (1.59) 5,546 losing 28 points.
Nasdaq Composite(USA) 2,765 2,840 (2.65)
S&P 500 (USA) 1,305 1,332 (2.03) GLOBAL MARKETS
FTSE 100 (UK) 5,857 5,930 (1.23)
DAX (Germany) 7,253 7,349 (1.32) Wall Street skidded on Wednesday as troubling signs from US corporations and falling demand for long-
Nikkei 225 (Tokyo) 10,047 10,098 (0.50) lasting manufactured goods discouraged investors already nervous about faltering debt talks in Washington.
Weighing on technology shares, Juniper Networks Inc tumbled 20.1% after the company warned late
Hang Seng (Hong Kong) 22,542 22,572 (0.13)
Tuesday its second-quarter results would miss expectations, triggering selloff in Nasdaq. DJIA closed at
Shanghai Comp (China) 2,724 2,703 0.75 12,303, down 1.59 percent, S&P closed at 1,305, down 2.03 percent and Nasdaq closed at 2,765, down 2.65
KOSPI (South Korea) 2,174 2,169 0.26 percent.
STI (Singapore) 3,194 3,187 0.21
MSCI Emerging Market 446 442 0.90 Asian stocks and oil dropped for a second day amid signs that U.S. economic growth is slowing, as the nation
MSCI Frontier Market 536 535 0.19 struggled to resolve an impasse on raising its debt ceiling. The yen strengthened against most of its major
peers, while the New Zealand dollar rose toward a record. Nikkei is down 1.12 percent, Hang Seng is down
0.89 percent and Shanghai is down 0.73 percent.
BOND MARKETS 27-Jul 26-Jul Change
10yr G-Sec Yield 8.44 8.42 0.02 CORPORATE/ ECONOMY NEWS
1yr G-Sec Yield 8.49 8.23 0.26 FMCG firm Dabur have posted a 19.1% jump in its consolidated net profit to Rs 127.74 crore for the
LIBOR (6m) 0.36 0.36 0.00 April-June quarter on the back of strong demand across categories and stringent cost-saving measures
LIBOR (1m) 0.16 0.16 0.00 to mitigate rising input costs.
Interbank Call rate 7.98 7.57 0.41
Gas Authority of India Ltd (GAIL) has registered a net profit of Rs 985 crore in the first quarter ended
June, 2011 — an increase of 11% from Rs 886.88 crore in the same quarter a year ago. Net sales for the
quarter were posted at Rs 8,867 crore. The rising fuel prices has led to an increase of oil subsidy burden
BSE Turnover Rs Cr('000) Sensex by 53% to Rs 682 crore from Rs 445 crore in the corresponding quarter a year ago.
19000 3.2
18900 3.1 Drug firm Lupin said its net profit rose by 7% to Rs 210.1 crore for the first quarter ended June 30, 2011,
18800 vis-a-vis the same period last fiscal. The company had posted a net profit of Rs 196.3 crore for the same
3.0 period last fiscal.
18700
2.9
18600
2.8 HCL Technologies posted a better-than-expected 52% jump in net profit for April-June, as all its
18500 verticals and geographies posted strong growth. HCL's consolidated profit rose to Rs 511 core for April-
18400 2.7
June, compared with a profit of Rs 337 crore a year ago. The firm counts Microsoft, IBM, HP and Oracle as
18300 2.6 partners, Revenue rose 27.5% to Rs 4,300 crore, on an average exchange rate basis
18200 2.5
21-Jul 22-Jul 25-Jul 26-Jul 27-Jul TCS and Wipro are among three companies vying to bag the prestigious Sri Seva Project of the
Tirumala Tirupati Devasthanam (TTD) to provide IT solutions that will help devotees.
Punj Lloyd Ltd has said that Punj Lloyd Group has been awarded an order for process facilities &
NSE Turnover Rs Cr('000) Nifty utilities at an upcoming crude oil storage cavern in Mangalore, Karnataka. Worth Rs. 330 crore, this is the
5700 14 first cavern project for the Group and has been awarded by Indian Strategic Petroleum Reserves Ltd, a
12 wholly owned subsidiary of Oil Industry Development Board, Ministry of Petroleum and Natural Gas,
5650
10
5600 88.38 #DIV/0! Telecom solutions provider Subex announced that its net profit grew 424.46% at Rs 13.22 crore up in
8
Q1 FY12 from Rs 2.52 crore in Q1 FY11.The company has recorded net consolidated revenue of Rs
5550 6 116.95 crore for the first quarter of FY12. The order intake for Revenue Maximisation Solutions (RMS), the
4 core business of the company, grew 63.12% at $23 million up from $14.1 million in Q1 FY11.
5500
2
5450 0
21-Jul 22-Jul 25-Jul 26-Jul 27-Jul

2. July 28, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 27-Jul 26-Jul % Change CORPORATE NEWS
CD 6,816 6,718 1.46% Tata Group retail firm Trent Ltd have posted 27.87% increase in its net profit for the first
FMCG 4,025 4,014 0.28% quarter ended June 30, 2011 at Rs 10.23 crore. The company's net profit during the first
TECk 3,671 3,665 0.14% quarter of the last fiscal stood at Rs 8 crore.
PSU 8,485 8,484 0.02%
HC 6,455 6,455 0.00% Auto component-maker Wabco-TVS (India) have reported a 22.01% jump in net profit
AUTO 8,779 8,790 -0.12% for the quarter ended June 30 to Rs 34.15 crore. The company had posted a net profit of
Rs 27.99 crore for the corresponding quarter last year.
IT 5,914 5,929 -0.25%
METAL 14,665 14,744 -0.53% Consumer goods firm Marico have posted a growth of 37.94% to net profit of Rs 807
OIL&GAS 9,053 9,125 -0.80% crore for the first quarter ended June, 201, as compared to Rs 585 crore in the
REALTY 2,123 2,144 -0.98% corresponding quarter a year ago.
BANKEX 12,563 12,694 -1.04%
POWER 2,501 2,539 -1.51% State-owned Indian Oil Corporation (IOC) has raised $500 million through an overseas
CG 13,146 13,396 -1.86% bonds issue to fund its capital needs.
Canara Bank have posted a net profit of Rs 725.85 crore for the first quarter ended June,
2011, slipped 28.37% from Rs. 1,013.37 crore in the same quarter the previous year. Net
Interest Income (NII) for the quarter was posted at Rs 793 crore. Net Non Performing
Assets (NPAs) for the quarter registered growth of 1.34% from 1% in the June quarter
last year.
BSE Upper Circuit Breakers
Company Name 27-Jul 26-Jul % Change Bank of Baroda has posted a growth of 20.23% growth in its first quarter net profit at Rs
P.I.INDUSTRIES 1,118.2 931.8 20.00 1,033 crore for June, 2011 as compared to Rs 859.2 crore in the corresponding quarter a
WENDT (INDIA) 1,945.7 1,621.3 20.00 year ago. Net Interest Income (NII) was posted at Rs 2,298 crore, an increase of 23.68%
PANASONIC HOME APPLIANCES 160.4 133.7 20.00 from Rs 1,858 crore in the same quarter last year.
ATLAS CYCLES (HARYANA) 453.3 412.1 10.00 0
UNITED CREDIT 22.0 20.0 10.00 Manappuram Finance Ltd has announced the following results for the quarter ended
June 30, 2011: The Unaudited results for the Quarter ended June 30, 2011. The Company
has posted a net profit of Rs. 1078.280 million for the quarter ended June 30, 2011 as
compared to Rs. 461.510 million for the quarter ended June 30, 2010. Total Income has
increased from Rs. 1868.059 million for the quarter ended June 30, 2010 to Rs. 4934.890
million for the quarter ended June 30, 2011.
BSE Lower Circuit Breakers Drug firm Strides Arcolab reported its consolidated net profit rose by 39.32% year-on-
Company Name 27-Jul 26-Jul % Change year to Rs 69.51 crore in the second quarter ended June 30, 2011. The company had
RUSHIL DECOR 130.7 163.3 (20.00) posted a net profit of Rs 49.89 crore for the same period last fiscal.
PARAAN 1548.6 1630.0 (5.00)
MAHARASHTRA ELEKTROSMELT 268.1 282.2 (5.00) Sutlej Textiles and Industries Ltd have said its net profit declined by 11.61% to Rs 13.7
(5.00) crore for the first quarter ended June 30, 2011, over the same period previous fiscal.The
SHAILY ENGINEERING PLASTICS 178.2 187.6
company had a net profit of Rs 15.5 crore in the same period last fiscal.
NILE 212.7 223.9 (5.00)
The Board of Directors of Orient Paper and industries Limited ("OPIL") in its meeting
held yesterday, approved a proposal to demerge the cement business of OPIL into
Orient Cement Limited ('Orient Cement') OPIL shareholders will get 1 (one) new equity
share of Orient Cement for each equity share that they hold in OPIL, in addition to their
existing OPIL shares. On effectiveness of the demerger, Orient Cement is proposed to be
listed on BSE and NSE, being exchanges where OPIL is currently listed.
In what is being billed as the largest overseas acquisition by an Indian travel company,
Cox & Kings Ltd has decided to buy UK’s Holidaybreak for £312 million (Rs 2,300 crore).
COMMODITY 27-Jul 26-Jul % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 117 118 (0.69)
0.04 Brent Crude Oil ended down by 0.69% at $117 per barrel. Gold closed flat at Rs 23,150
Gold (Rs/10gm) 23,150 23,141
and silver closed down by 0.23 percent at Rs 60,110.
Silver (Rs/kg) 60,110 60,247 (0.23)
CURRENCY 27-Jul 26-Jul % Change The Indian Rupee closed higher against the dollar at Rs 44.06 as the Indian equity
INR / USD 44.06 44.20 (0.32) benchmarks ended on a negative note.
USD / Euro 1.44 1.44 -
Yen / USD 77.81 78.03 (0.28)

3. July 28, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
KFA 36.8 37.4 1.63 ArcelorMittal today reported a 10% dip in net income for the second quarter ended
VIDEOIND 192.6 194.7 1.09 June 30, 2011, to $1.535 billion. The company had reported a net income of $1.706
MLL 37.7 38.0 0.80 billion for the corresponding quarter last year, it said in a statement. Total sales of the
INDIACEM 72.2 72.6 0.62 company grew to $25.126 billion in the reporting period from $20.154 billion in the
AREVAT&D 252.0 253.5 0.60 April-June period last fiscal.
VIJAYABANK 67.3 67.7 0.59
PIRHEALTH 396.6 386.0 (2.66) George Soros, the world renowned billionaire investor, on Tuesday announced his
retirement as an active hedge fund manager after an illustrious career spanning four
ORBITCORP 40.5 39.5 (2.47)
long decades.
SUZLON 51.5 50.6 (1.65)
CUMMINSIND 677.0 667.0 (1.48) To speed up rescue and relief operations in the aftermath of accidents, Railways have
INDUSINDBK 274.0 270.5 (1.28) decided to procure hi-tech equipment worth Rs 500 crore, including high-speed self-
HCC 32.7 32.3 (1.23) propelled accident relief trains, plasma cutters and 175-tonne capacity cranes.
Railways will float global tenders for procuring the high capacity equipment shortly.
INSTITUTIONAL ACTIVITY (Rs Cr) 18-Jul 15-Jul YTD
FII Cash Net (53) 145 13,938 Securities and Exchange Board of India (SEBI) is likely to decide on thetakeover code
FII Stock Futures (144) (206) (7,093) of listed companies in its board meeting on Thursday and will consider the proposals
FII Index Futures 151 (187) 12,523 of the takeover committee, headed by C Achuthan, former presiding officer
Mutual Fund 80 (79) 3,521 ofSecurities Appellate Tribunal (SAT), which suggested the increase in the open offer
trigger limit to 25% from 15% and raising the open offer by acquirer to 100% from
the existing 20%.
VALUATIONS P/E P/B DIV YLD
BSE 19.6 3.4 1.4
NSE 19.9 3.5 1.1
BSE500 Mcap/GDP Ratio 0.57
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Maruti Suzuki 1206.45 2.42 Marico 166.5 6.42 PI Inds 1118.15 20.00
Reliance Comm 103.15 1.58 CRISIL 8784.3 6.21 Wendt India 1945.65 20.00
HDFC 703.3 1.33 AKZOINDIA 1027.1 5.41 Hercules Hoist 352.55 12.85
Bharti Airtel 429.75 1.32 MVL 24.6 5.13 Ganesh Hous 156.3 11.44
DLF 236.6 1.28 Madras Cements 88.8 5.09 Future Capital 184.15 9.74
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
BHEL 1824.9 -4.4 SKS Microfinance 478.15 -8.35 Kanoria Chem 46.75 -9.92
Jaiprakash Asso 72.35 -3.28 IRB Infra 168.5 -8.07 Shree Ashtavina 4.24 -8.82
Hindalco Inds 173.05 -2.67 Sobha Dev 253.75 -5.3 Gemini Comm 25 -6.19
Wipro 402.1 -1.82 Indiabulls Real Est 104.95 -4.81 Orient Green Power 15.7 -5.99
Reliance Infra 564.35 -1.78 IOB 136.15 -4.52 Modern India 52 -5.45
BULK DEALS
SCRIP NAME CLIENT NAME TYPE QTY % PRICE
NSE
MindTree Limited Coffee Day Resorts Pvt Ltd BUY 5.68% 428.0
MindTree Limited Ashok Soota SELL 5.50% 428.0
Bharat Forge Ltd Barclays Capital Mauritius Limited SELL 0.55% 307.6
Balrampur Chini Mills Balrampur Chini Mills Ltd BUY 0.86% 62.9
Balrampur Chini Mills Barclays Capital Mauritius Limited SELL 0.87% 61.9
BSE
Aarey Drugs Thakorlal Atma Ram Modi BUY 1.23% 21.5
ACROPET TEC Oudh Finance & Investment BUY 0.80% 17.0
Zenu Infotech Anuradha Pankaj Dhoot SELL 2.25% 38.0
Tata Coffee A K G Securities And Consultancy Ltd BUY 0.66% 882.2
RCL FOODS Span Stock Broking SELL 0.65% 54.1