The key Indian stock indices declined on April 29, with the BSE Sensex falling 0.81% and the NSE Nifty declining 0.61%. Most sectoral indices also ended lower, with realty, capital goods, banking and metal indices performing worst. Globally, US markets rose with the S&P 500 advancing 0.26%. In corporate news, Hero Honda will pay Honda Rs. 2,450 crore till 2014 as part of a new licensing agreement. Infosys is looking to make acquisitions in Europe and Japan.

1. May 2, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 29-Apr 28-Apr % Change COMMENTARY
BSE Sensex 19,136 19,292 (0.81) INDIA
NSE Nifty 5,750 5,785 (0.61)
BSE Midcap 7,094 7,168 (1.03) The key Indian stock indices lost further ground on Friday, with the BSE Sensex and the NSE Nifty both
BSE Smallcap 8,715 8,854 (1.57) extending the week's decline to 2% each. The broader indices too were in the red, resulting in a weak market
Nifty Junior 11,377 11,521 (1.25) breadth throughout the session. The Small-Cap and Mid-Cap stocks under-performed the Large-Cap
CNX Midcap 8,201 8,278 (0.93) counters. In terms of sectors, defensive stocks like FMCG and Pharma held their own. Oil & Gas was helped by
modest gains in Reliance Industries and Cairn India. Realty, Capital Goods, Banking, Consumer Durables,
Metal and PSU indices were the worst performers for the day. The BSE Sensex ended at 19,135, down 156
points or 0.8% over the previous close. The NSE Nifty closed at 5,749, down 36 points or 0.6% from the last
GLOBAL MARKETS 29-Apr 28-Apr % Change close. Broader markets also succumbed to profit booking, the midcap and smallcap indices were down 1%
Dow Jones Ind (USA) 12,810 12,764 0.37 and 1.5% each.
Nasdaq Composite(USA) 2,874 2,873 0.04
S&P 500 (USA) 1,364 1,360 0.26 Market breadth was negative, 1,950 stocks declined for 940 stocks which advanced. The auto numbers and
FTSE 100 (UK) 6,070 6,079 (0.15) the monetary policy on 3rd will be key triggers for markets.
DAX (Germany) 7,514 7,475 0.52
Nikkei 225 (Tokyo) 9,850 9,850 (0.00) GLOBAL MARKETS
Hang Seng (Hong Kong) 23,721 23,806 (0.36)
U.S. stocks rallied during the week, sending the Standard & Poor’s 500 Index to the highest level since June
Shanghai Comp (China) 2,912 2,888 0.84
2008, as earnings grew more than forecast and the Federal Reserve renewed its pledge to stimulate the
KOSPI (South Korea) 2,192 2,208 (0.72) economy. The S&P 500 advanced 0.26 percent to 1,364 on the last day of the week, rising four straight days
STI (Singapore) 3,177 3,185 (0.26) in the longest winning streak since Feb. 8. The Dow Jones Industrial Average rose 0.37 percent, to 12,810 in
MSCI Emerging Market 460 458 0.44 the biggest weekly gain in a month for both gauges. Nasdaq touched a 10-year high closing at 2,874.
MSCI Frontier Market 579 572 1.22
Asian markets have opened on a positive note as Nikkei is trading at 9,937, up 0.9%.
BOND MARKETS 29-Apr 28-Apr Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.13 8.10 0.03 India's largest two wheeler-maker Hero Honda will pay Honda 45 billion yen (about Rs 2,450 crore) till
1yr G-Sec Yield 7.76 7.76 0.00 2014 as part of a new licencing agreement signed between the Hero Group and the Japanese auto major
LIBOR (6m) 0.46 0.46 0.00 after deciding to part ways on their joint venture.
LIBOR (1m) 0.26 0.26 0.00
Interbank Call rate 6.8 6.9 (0.01) Infosys Technologies, India's No 2 software services exporter, is on the hunt for acquisitions in Europe
and Japan and in industries including healthcare and public services, its chief executive said on Sunday.
Infosys, which on Saturday appointed KV Kamath as chairman in place of its iconic founder NR Narayana
Murthy, will now draw up a succession plan for the eventual exit of all founders and the appointment of
BSE Turnover Rs Cr('000) Sensex
young professionals to run the company.
19700 3.5
19600 Vedanta Group firm Sterlite Energy said its 1,200 MW thermal power plant at Jharsuguda in Orissa will go
3.0
19500 on stream by September.
2.5
19400
2.0 TVS Motors announced a two-fold increase in its net profit at Rs 41.7 crore for the quarter ending March
19300
1.5 31, 2011. For the same period a year ago, the net profit was Rs 20.3 crore.Net sales grew by 34.5% to Rs
19200 1,604.6 crore as against 1,192.4 crore a year ago.
19100 1.0
19000 0.5
Oriental Bank of Commerce posted a net profit of Rs 333.66 crore for the quarter ended March 31, 2011,
18900 0.0 up 5.24% as compared to Rs 317.04 crore for the corresponding quarter a year ago.
25-Apr 26-Apr 27-Apr 28-Apr 29-Apr
Capital goods maker Crompton Greaves is likely to clock revenue growth between 13-16% in the financial
year ending on March 2012, managing director Sudhir Trehan said on Friday.
NSE Turnover Rs Cr('000) Nifty Engineering major BHEL has bagged a prestigious order worth Rs 5,450 crore from Bajaj Hindustan Delhi
5900 18 for the supply, erection and commissioning of a 3x660-MW capacity thermal power plant at Lalitpur in UP.
16 Also the company has bagged DPSC Ltd's greenfield 540-MW (270 MW x2) thermal power plant contract.
5850 14 Its value will be around Rs 1,500 crore, out of total project value of Rs 3,200 crore
12
5800 88.38 #DIV/0!
10
United Phosphorus has posted a 5.98% rise in net profit after tax at Rs 557.64 crore for the year ended
5750 8
6 March 31, 2011, compared with Rs 526.16 crore the previous year.The firm's total income increased from Rs
4 5,492.79 crore in FY10 to Rs 5,898.16 crore for the year under consideration.
5700
2
5650 0 Dena Bank posted a net profit of Rs 157 crore , up 14.59% from 137 crore in the corresponding quarter a
25-Apr 26-Apr 27-Apr 28-Apr 29-Apr year ago.The Net Interest Income for the quarter was posted at Rs 471 crore as compared to Rs 326
crore.The profit for FY11 was posted at Rs 611.6 crore, up 19.64 from Rs 511.2 crore last fiscal.

2. May 2, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 29-Apr 28-Apr % Change CORPORATE NEWS
FMCG 3,755 3,722 0.88% The Dandekar family, the promoter of Camlin Ltd, has decided to offload a lion’s
HC 6,233 6,195 0.61% share of its stake to Japan’s Kokuyo Co Ltd.
OIL&GAS 10,008 10,006 0.02%
IT 6,144 6,161 -0.27% Bharti Airtel, India's top mobile phone carrier, plans to raise $750 million to $1 billion
AUTO 9,560 9,607 -0.49% through a global bond issue to retire its costly Africa debt and fund expansion there.
TECk 3,708 3,728 -0.53%
POWER 2,663 2,685 -0.81% Infrastructure Development Finance Company Ltd has posted a net profit of Rs.
3465.569 mn for the quarter ended March 31, 2011 as compared to Rs. 2784.990 mn
PSU 9,070 9,166 -1.04%
for the quarter ended March 31, 2010. Total Income has increased from Rs. 9412.844
METAL 16,191 16,388 -1.21% million for the quarter ended March 31, 2010 to Rs. 13034.384 million for the quarter
CD 6,393 6,477 -1.30% ended March 31, 2011.
BANKEX 13,077 13,311 -1.76%
REALTY 2,180 2,240 -2.66% The unaudited financial results of Steel Authority of India Limited (SAIL), taken on
CG 13,037 13,402 -2.72% record by its Board of Directors, showed 7% y-o-y growth in the company’s turnover
of Rs. 47,042 crore. SAIL’s turnover for January-March (Q4) of FY ’11 at Rs. 13,137 crore
was also 7% higher than the previous quarter and 1% higher than the corresponding
period last year (CPLY).
Real estate developer, Phoenix Mills has announced their fourth quarter results. The
company's Q4 revenues were up 36% at Rs 46.8 crore versus Rs 34.4 crore. Its PAT was
BSE Upper Circuit Breakers up 62% at Rs 27.2 crore versus Rs 16.8 crore. Its EBITDA was up 47.5% at Rs 35.4 crore
Company Name 29-Apr 28-Apr % Change versus Rs 24 crore.
Ace Edutrend 35.2 32.0 10.00
Karma Industries 281.7 268.3 5.00 Goodyear India have announced its strategic alliance with Bharat Petroleum
Best Eastern Hotels 161.7 154.0 5.00 Corporation Ltd (BPCL) to open Branded Retail Goodyear Wheelcare outlets at
Maharashtra Elektrosmelt 340.3 324.1 5.00 selected BPCL petrol pumps across India.
0
Sirdar Carbonic 690.2 657.3 5.00
Titan Industries has declared its FY11 results. The company's FY11 net profit was up
72% at Rs 430 crore versus Rs 250 crore.Its net sales were up 40% at Rs 6,520 crore
versus Rs 4,670 crore.
Sterlite Technologies has announced its fourth quarter results. The company's Q4
net profit was down at Rs 10.3 crore versus Rs 72.2 crore.Its net sales were up at Rs 682
BSE Lower Circuit Breakers crore versus Rs 662 crore.
Company Name 29-Apr 28-Apr % Change
Real Stripes 80.9 89.9 (10.00) Sadbhav Engineering Ltd has been awarded the following project/work by The
Lee & Nee Softwares 16.7 17.6 (5.00) Executive Engineer (CPC- I), Sardar Sarovar Narmda Nigam Ltd. (SSNL) , Gandhinagar,
Arrow Securities 8.8 9.2 (5.00) Gujarat in joint venture with GKC Projects Limited - Hyderabad for aggregating
Chandni Textiles 51.5 54.2 (5.00) contract value of Rs.2.36bn.
Axtel Industries 16.8 17.7 (5.00)
Fortis Group, controlled by billionaire brothers Malvinder and Shivinder Singh, plans
to list two of its health care entities in Singapore in public offers worth up to $1.5
billion, IFR reported on Friday.
The promoters of India's fourth-largest pharmaceuticals company Sun Pharma are
planning a Rs 5,000-crore foray into the power sector
Personal care and food products maker Dabur India is in talks to buy '30-Plus' multi-
vitamin supplement brand from Ajanta Pharmaceuticals
COMMODITY 29-Apr 28-Apr % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 126 125 0.94
Gold (Rs/10gm) 22,790 22,290 2.24 Brent Crude Oil lost 0.94% and closed at $126 per barrel. Gold closed up by 2.24% at Rs
22,790 and silver closed up by 0.58% at Rs 70,995.
Silver (Rs/kg) 70,995 71,409 (0.58)
The Indian Rupee closed higher against the dollar at Rs 44.43 as the Indian equity
CURRENCY 29-Apr 28-Apr % Change benchmarks ended on a negative note.
INR / USD 44.43 44.44 (0.02)
USD / Euro 1.48 1.48 -
Yen / USD 81.24 81.71 (0.58)

3. May 2, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
Bosch 6646.6 6,720.0 1.11 Indian refiners' output rose an annual 8.5% to about 3.55 million barrels per day (bpd)
GT Ofshore 273.3 276.1 1.01 in March, its fourth straight monthly rise, as most refiners stepped up runs to meet
MRF 7123.3 7,194.4 1.00 financial year targets.
MLL 40.9 41.3 0.98
Nagarjuna Fertilizers 31.7 32.0 0.95 Software giant Microsoft Corp has reported a 31% jump in net income to $5.23 billion
Pantaloon Retail 274.4 277.0 0.95 for the January-March quarter of 2011 on strong sales of its Office and Xbox
Core Project 306.1 296.2 (3.22) products.The company's revenue rose by 13% vis-a-vis the year-ago period to $16.43
PFC 231.6 225.8 (2.50) billion in the third quarter ended March 31, 2011, Microsoft said in a statement.
IOB 152.6 148.7 (2.56)
The Delhi High Court deferred a decision on bail to five executives charged in the
Ambuja Cement 158.2 155.0 (2.02)
country's largest corruption scandal, two defence lawyers told reporters on Friday.
Bhushan Steel 498.7 491.1 (1.52)
Tata Motors 1236.1 1,220.6 (1.25) The RBI will hold its policy meeting on May 3. Market consensus is for a 25 bps increase
in policy rates. World markets will also react to the latest rate decisions by central
INSTITUTIONAL ACTIVITY (Rs Cr) 25-Apr 21-Apr YTD banks in Australia, UK and Eurozone. Apart from that, markets will absorb reports on
FII Cash Net (1,270) 623 7,240 manufacturing and services PMIs. In India, monthly auto sales and trade data will also
FII Stock Futures (308) 84 (2,308) be released next week. In the short-term, one needs to be a little guarded and wait for
FII Index Futures 32 204 896 the momentum to turn higher again.
Mutual Fund 208 (56) 1,464
Even as gold prices ruled high, jewellers are expecting business to grow by up to 40%
VALUATIONS P/E P/B DIV YLD during Akshaya Tritiya, a festival considered auspicious for buying the metal, on
BSE 21.1 3.6 1.1 increased consumer confidence, says market experts.
NSE 21.1 3.7 1.1
BSE500 Mcap/GDP Ratio 0.63
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Hindustan Unilever 285.2 2.24 Infotech Enter 162.0 7.64 Surya Roshni 104.7 12.6
Maruti Suzuki 1319.8 1.27 VA Tech Wabag 1291.0 5.59 Warren Tea-$ 328.5 10.2
RIL 982.0 0.83 JUBL FOOD 734.8 5.53 Genesys Intl 174.2 8.5
Hero Honda 1709.7 0.8 Shoppers Stop 350.0 4.38 Century Ply-$ 74.3 7.5
Wipro 450.3 0.79 Redington India 87.9 4.15 Timken India 220.1 7.4
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
L&T 1597.9 -3.87 Uco Bank 104.5 -9.02 Elgi Equipments 86.7 -10.9
Jindal Steel 653.2 -3.57 HDIL 161.1 -7.89 Kesoram Inds 195.5 -9.5
ONGC 308.9 -2.79 TVS Motor 56.4 -5.69 Petron Engr 424.0 -7.7
Jaiprakash Asso 92.7 -2.57 Gujarat NRE Coke 50.4 -5.62 Consolid Constr 47.3 -7.7
DLF 222.9 -2.37 Rajesh Exports 85.8 -5.3 Kirloskar Bros-$ 186.5 -7.6
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Glory Polyfilms Planet Investments & Finance BUY 1.50% 4.0
Rohit Ferro Kanta Agarwal BUY 1.26% 43.1
MSP Steel Padmini Viniyog BUY 1.15% 68.0
Gujarat Foils Vardhman Investment SELL 0.84% 102.1
Intl Conveyors Mavi Investment Fund SELL 0.75% 18.2
BSE
Agio Paper Pratik Kantilal Paleja BUY 0.54% 7.1
Amrutanjan Health Eureka Stock & Share Broking Services Ltd BUY 0.66% 746.5
Asahi Infra Indravarun Trade Impex Pvt Ltd BUY 0.80% 10.3
Bafna Spinning Kanika Batra SELL 5.40% 0.4
Dhoot Indl Fin Bafna Earth Movers Limited SELL 0.74% 16.0