The Indian markets declined over 1% as investors booked profits ahead of an important speech by the Federal Reserve chairman. Key stock market indices like the BSE Sensex and NSE Nifty fell due to losses in heavyweight companies like Reliance Industries and selling pressure on real estate and metal stocks. Meanwhile, global markets rebounded after the Fed chairman's remarks reassured investors about continued monetary support for the US economy.

1. Aug 29, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET * 26-Aug 25-Aug % Change COMMENTARY
BSE Sensex 15,849 16,146 (1.84) INDIA
NSE Nifty 4,748 4,840 (1.90) The markets slipped 2% as investors turned cautious and booked profits ahead of Ben Bernanke’s speech
BSE Midcap 6,035 6,174 (2.25) later in the day, heavy selling in realty and metal shares also weighed. The BSE Sensex closed below the
BSE Smallcap 6,911 7,100 (2.65) 16,000 level for the first time in 18 months as it lost over 297 points on weak global trend amid worldwide
Nifty Junior 9,598 9,815 (2.22) economic slowdown. The broad-based National Stock Exchange index Nifty also dipped below 4,800 point
level to close 91 points lower at 4,748 following weak trend in the Asian region and lower opening in Europe.
CNX Midcap 7,044 7,193 (2.07)
Reliance Industries (down 4.6%), State Bank of India (down 3.3%) and ITC (down 2.7%) accounted for a loss of
140 points on the Sensex. Only three components on the Sensex ended in the green. Hero Motocorp,
Mahindra & Mahindra and Infosys were up between 0.6-3% each. All the sectoral indices ended in the red.
GLOBAL MARKETS 26-Aug 25-Aug % Change High-beta realty shares led the losses on expectations that the Reserve Bank of India will continue its
Dow Jones Ind (USA) 11,285 11,150 1.21 aggressive monetary policy stance and tighten further in September. Metals were the next worst hit after
Nasdaq Composite(USA) 2,479 2,420 2.45 Supreme Court ordered a ban on mining iron ore in Tumkur and Chitradurga districts in Karnataka. From the
S&P 500 (USA) 1,177 1,159 1.51 broader markets, midcap and the small cap indices ended down almost 2% each. Market breadth was
FTSE 100 (UK) 5,129 5,131 (0.04) extremely negative, 2,221 stocks declined for 637 stocks which advanced.
DAX (Germany) 5,537 5,584 (0.84)
Nikkei 225 (Tokyo) 8,798 8,772 0.29 GLOBAL MARKETS
Wall Street stocks rebounded on Friday as investors digested Federal Reserve Chairman Ben Bernanke's
Hang Seng (Hong Kong) 19,583 19,753 (0.86)
remarks about the economy and regained hope the door was still open for more monetary stimulus down
Shanghai Comp (China) 2,612 2,615 (0.12)
the road. The Dow Jones Industrial Average was up 140 points, or 1.21%, at 11,285. The Standard & Poor's
KOSPI (South Korea) 1,779 1,765 0.81 500 Index was up 17.2 points, or 1.44%, at 1,176. The Nasdaq Composite Index was up 59 points, or 2.45%, at
STI (Singapore) 2,748 2,765 (0.60) 2,479. Technology stocks led the advance, with Cisco Systems Inc, Microsoft Corp and Intel Corp the top
MSCI Emerging Market 376 378 (0.53) three gainers on the Dow.
MSCI Frontier Market 482 493 (2.23) Asian stocks have advanced for a third day after Federal Reserve Chairman Ben S. Bernanke said the U.S.
economy is slowly recovering and the central bank has more means to prop up growth if appropriate. Nikkei
is up 0.21%, Hang Seng is up 1.22% and Strait Times is up 1.06%.
BOND MARKETS 26-Aug 25-Aug Change
10yr G-Sec Yield 8.26 8.23 0.03 CORPORATE/ ECONOMY NEWS
1yr G-Sec Yield 8.16 8.16 0.00 Leading retailer Pantaloon Retail India (PRIL) has earmarked a Rs 900 crore expenditure over the next
LIBOR (6m) 0.39 0.39 0.00 three years on 9 million square feet of retail space, which it has already booked across India for expansion.
LIBOR (1m) 0.16 0.16 0.00
Interbank Call rate 8.0 8.00 0.00 State-run Allahabad Bank is mulling an entry into four Asian cities by opening overseas branches, with a
view to increase its international footprint. However, the Reserve Bank of India (RBI) is yet to give the go-
ahead on the proposal. At present, the Kolkata-headquartered bank's sole overseas branch is in Hong
Kong, while it has a representative office in mainland China's city of Shenzen.
BSE Turnover Rs Cr('000) Sensex
16600 3.0 Elder Health Care said it will enter the Sri Lankan market by next month with the launch of branded
personal care products and is scouting for acquisitions in Europe as part of global expansion plans. The
16400 2.5 Mumbai-based firm, which mainly sells in-licenced products, also plans to boost its own brands and will
16200 2.0 introduce about 5-6 products in the Indian market.The company plans to launch about 5-6 of its own
products by the end of this year.
16000 1.5
15800 1.0 A proposed ferro alloys joint venture between SAIL and MOIL in Chhattisgarh worth an estimated Rs 400
15600 0.5 crore has been recommended for clearance by a green panel, but with certain riders. SAIL & MOIL Ferro
Alloys Pvt Ltd, a joint venture of Steel Authority of India Ltd (SAIL) and MOIL, was formed to set up a 1 lakh
15400 0.0 tonnes per annum ferro alloys plant, with both the public sector firms having equity partnership of 50%
22-Aug 23-Aug 24-Aug 25-Aug 26-Aug each.
Tata Group firm Titan Industries is eyeing a near three-fold increase in its turnover from watches division
to Rs 3,500 crore by 2014-15, driven by new designs and network expansion. In watches, Titan targets Rs
NSE Turnover Rs Cr('000) Nifty 35 billion turnover by FY 2015 (Rs 12.5 billion in FY2011) to be driven by network expansion, introduction
5000 14 of new designs as well as shift towards branded segment.
4950 12
4900 10 Drug firm Wockhardt plans to launch 12-15 products in the US market this fiscal and also increase its
4850 88.38 #DIV/0! reach in the European market. The company received 7 abbreviated new drug applications (ANDA)
8
4800 approvals this year. The company has plans to launch 12-15 products in the US market during the
6 financial year 2011-12The company, however, did not specify the details of the products that it would
4750
4700 4 launch this fiscal.
4650 2
With the cost of money moving up and freight rates diving, Shipping Corporation of India (SCI) has put
4600 0 on hold its plans of issuing fresh tenders to acquire new vessels. The 1961-founded company is already
22-Aug 23-Aug 24-Aug 25-Aug 26-Aug taking delivery of about 10 vessels this year, mostly bulk carriers, though there is overcapacity in the
market.

2. Aug 29, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 26-Aug 25-Aug % Change CORPORATE NEWS
IT 4,720 4,737 -0.35% Wipro BPO inaugurated its first rural centre at Manjakkudi village in Tamil Nadu to
AUTO 8,049 8,105 -0.69% capitalise on literate talent pool available in the region.
TECk 3,025 3,054 -0.94%
CG 11,532 11,669 -1.17% Sesa Goa Ltd, owned by London-listed Vedanta Plc, said its performance would be
HC 5,820 5,889 -1.17% affected by an order from the country's top court extending a ban on mining to two
more districts of a key iron ore producing state. The Supreme Court on Friday extended
FMCG 3,893 3,974 -2.05%
the ban to Tumkur and Chitradurga districts of the southern Indian state Karnataka,
POWER 2,158 2,209 -2.28%
Anita Shenoy, counsel for the Karnataka state government.
CD 6,058 6,211 -2.47%
BANKEX 10,246 10,508 -2.50% The RBI has said Indian banks would adhere to the globally agreed timeline for
PSU 7,455 7,652 -2.58% implementation of Basel III norms and guidelines in this regard will be issued in the near
OIL&GAS 8,024 8,289 -3.19% future.
METAL 11,145 11,572 -3.69%
REALTY 1,608 1,676 -4.09% The combined market capitalisation of seven of the country's top-10 firms declined by
Rs 49,487.59 crore last week, while state-owned ONGC grabbing the top slot as the
most valued firm toppling Reliance Industries.
In the tussle for coal blocks between power generator NTPC Ltd and Lignite miner
Neyveli Lignite Corporation (NLC), the coal ministry has decided to play fair. It will
entertain its public sector undertaking NLC's request for the allocation of blocks that
BSE Upper Circuit Breakers earlier belonged to NTPC, only along with other companies during the bidding rounds
Company Name 26-Aug 25-Aug % Change that are due soon.The ministry had cancelled the allocation of five of the eight NTPC
STAR PAPER MILLS LTD 22.1 18.4 19.80 blocks earlier this year, alleging undue delays in their development. The power ministry
RAJDHANI LEASING & IND. 179.8 171.2 5.00 had later intervened by requesting its coal sector counterpart to review its decision.
SAMRAT PHARMACHEM LTD 29.6 28.2 5.00 While negotiations between the two ministries are still on, NLC has sought the
AKANSHA CELLULAR 37.9 36.1 5.00 allocation of 0 three of the five blocks—Chatti Bariatu, Chatti Bariatu (South) and
AKAR TOOLS LTD. 45.9 43.8 4.90 Kerandari.
State-run lender Bank of India said it had raised $200 million to expand its foreign
operations. The proceeds will be utilised for expansion at the foreign
operations.However, it did not specify exact plans on the international expansion front.
The government has decided to sanction Rs 2,000 crore to some public sector banks as
BSE Lower Circuit Breakers part of its recapitalisation drive.The mode of disbursement would be decided later,
Company Name 26-Aug 25-Aug % Change adding, the capital infusion would result in raising tier I capital or equity capital of the
MORGANITE CRUCIBLE (INDIA) 413.5 459.4 (10.00) bank.
WARREN TEA LTD. 402.0 423.2 (5.00)
(5.00) State-run Navaratna oil explorer Oil India is chalking out an expansion and
SKS MICROFINANCE 217.9 229.3
diversification strategy that could also include an entry into the city gas distribution
KGN INDUSTRIES LTD 31.2 32.8 (4.90)
space.The company is considering entering the gas transportation market, since it
ALLIED DIGITAL 24.1 25.3 (4.90) already has expertise in laying pipelines and transporting gas through pipelines.
State-owned Oil and Natural Gas Corp (ONGC) is likely to start oil and gas production
from Krishna-Godavari basin field GS-15, off the Andhra coast, next month. ONGC has
asked the Petroleum Ministry to identify users for the gas and approve a price of USD
4.75 per million British thermal units.
State-run power utility Sutlej Jal Vidyut Nigam (SJVN) has declared a dividend of Rs
330.93 crore for the 2010-11 financial year.
COMMODITY 26-Aug 25-Aug % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 111 111 0.49
2.12 Brent Crude Oil ended 0.49 percent higer at $111.25 per barrel . Gold ended higher by
Gold (Rs/10gm) 26,654 26,101
2.12 percent at Rs 26,654 and Silver closed up by 1.76 percent at Rs 61,973.
Silver (Rs/kg) 61,973 60,901 1.76
CURRENCY 26-Aug 25-Aug % Change The Indian Rupee closed lower against the dollar at Rs 46.13 as the Indian equity
INR / USD 46.13 46.08 0.11 benchmarks ended on a very negative note.
USD / Euro 1.44 1.44 -
Yen / USD 76.98 77.11 (0.17)

3. Aug 29, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
Gitanjali Gems 303.2 315.0 3.88 The country's current account deficit fell to 2.6% of the gross domestic product in
DCHL 49.8 50.6 1.51 2010-11, from 2.8% in the previous fiscal while the capital account surplus was 3.9% in
Nagarjuna Fertilizers 23.3 23.6 1.07 2009-10 and 3.5% in 2010-11, said the government.
IndusInd Bank 227.0 229.2 0.95
India Infoline 71.1 71.7 0.91 After securing Parliament's nod on key elements of Jan Lokpal bill, Anna Hazare today
IRB Infra 139.2 140.4 0.86 ended his 12-day-old fast declaring that electoral reforms will be next on his
NHPC 24.0 23.3 (2.92) agenda.The 74-year-old Gandhian accepted a glass of tender coconut water mixed
BGR Energy 297.9 288.4 (3.19) with honey from a Dalit and a Muslim girl -- Simran and Ikrah -- at 10:20 am on the dais
Neyveli Lignite 79.9 77.2 (3.32) at the Ramlila Ground ending over 288 hours of fast that began on August 16.
Bhushan Steel 319.9 309.0 (3.41)
Federal Reserve Chairman Ben S. Bernanke’s decision to extend next month’s policy
Aban Offshore 349.1 327.5 (6.19)
meeting to two days stoked speculation the extra time may allow him to forge a
IDBI 104.1 96.9 (6.87)
stronger consensus on monetary easing.
INSTITUTIONAL ACTIVITY (Rs Cr) 17-Aug 16-Aug YTD Chinese industrial companies’ profits rose 28.3 percent in the first seven months from
FII Cash Net -407.6 (210) 7,461 a year earlier, helping to support the expansion of the world’s fastest-growing major
FII Stock Futures 490.36 514 323 economy.
FII Index Futures -139.78 799 8,899
Mutual Fund -33 89 5,401 Libyan rebels said Muammar Qaddafi’s forces used civilians as human shields in an
attempt to block opposition fighters from taking Sirte, one of the last remaining
VALUATIONS P/E P/B DIV YLD loyalist strongholds.
BSE 18.4 3.4 1.5
NSE 18.2 3.1 1.4
BSE500 Mcap/GDP Ratio 0.59
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
HEROMOTOCO 1952.5 2.70 ABG Shipyard 355.6 3.81 Global Offshore 97.0 10.79
Mahindra & Mahindra 704.7 1.20 Alfa Laval 1541.6 2.87 SE Investments 7.8 4.99
Infosys 2204.6 0.68 Infotech Enter 119.9 2.39 Advanta India 333.0 4.73
- - - Vardhman Tex 179.6 1.76 REISIX TENR 28.4 4.60
- - - Gitanjali Gems 302.8 1.75 Dunlop India 14.4 4.35
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Jaiprakash Asso 54.9 -7.58 TV18 Broadcast 37.9 -12.77 Bodal Chemicals 20.6 -16.09
DLF 175.9 -5.76 MTNL 33.2 -9.80 MBL INFRA 99.2 -13.10
Tata Steel 422.3 -4.77 Tata Teleservices 17.2 -9.26 Indosolar 8.1 -11.53
RIL 719.5 -4.61 Sujana Towers 21.8 -8.42 Prraneta Inds 53.3 -11.31
Coal India 359.8 -3.90 IVRCL LTD 32.2 -8.14 Ess Dee Alum 204.9 -11.28
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
Bedmutha Inds INVENTURE GROWTH & SECURITIES LTD. BUY 1.23% 123.0
BGIL Films KAILASH CHANDRA BUY 0.80% 4.7
Gemstone Invest SUKRATI CONSULTANCY SERVICES SELL 2.25% 8.9
Monnet Ispat BLACKSTONE MANAGEMENT PARTNERS BUY 1.80% 478.1
Sanraa Media JMP SECURITIES PVT LTD BUY 2.30% 0.1