Daily Newsletter: 30th November, 2010

COMMENTARY INDIAN MARKET 29-Nov 26-Nov % Change
BSE Sensex 19,400 19,137 1.38
NSE Nifty 5,830 5,752 1.36
BSE Midcap 7,666 7,612 0.71
BSE Smallcap 9,564 9,516 0.51
Nifty Junior 12,058 11,847 1.78
CNX Midcap 8,781 8,690 1.05
GLOBAL MARKETS 29-Nov 26-Nov % Change
Dow Jones Ind (USA) 11,052 11,092 (0.36)
Nasdaq Composite(USA) 2,525 2,534 (0.37)
S&P 500 (USA) 1,188 1,189 (0.14)
FTSE 100 (UK) 5,570 5,669 (1.75)
DAX (Germany) 6,698 6,849 (2.21)
10,126 10,040 0.86
23,166 22,877 1.26
Shanghai Comp (China) 2,866 2,872 (0.18)
KOSPI (South Korea) 1,896 1,902 (0.33)
STI (Singapore) 3,159 3,159 (0.01)
MSCI Emerging Market 575 578 (0.61)
MSCI Frontier Market 410 410 (0.03)
CORPORATE/ ECONOMY NEWS BOND MARKETS 29-Nov 26-Nov Change
10yr G-Sec Yield 7.96 7.90 0.06
1yr G-Sec Yield 7.20 7.20 0.00
LIBOR (6m) 0.45 0.45 0.00
LIBOR (1m) 0.26 0.25 0.01
Interbank Call rate 6.7 6.8 (0.14)
Nikkei 225 (Tokyo)
Hang Seng (Hong Kong)
Volume: 1 | Issue: 407| November 30, 2010
INDIA
Putting behind the mayhem of the previous week, which saw the BSE benchmark index, the
Sensex, shed a whopping 820 points or 4.1% in four trading sessions, the markets today have
begun the week on a positive note. The Indian markets opened on positive note on Monday, on
emergence of stocks buying at attractive low level by the FII's. All the BSE sectoral indices ended
in the positive terrain, the BSE Oil & Gas index was the top gainer the index gained 2.6%, followed
by BSE Bank index up 1.5% and the BSE Pharma index added 1.4%. The broader indices also
ended in green as well, the BSE Mid-Cap index was up 0.7% and BSE Small-Cap index gained
0.5%.
The Market breadth was positive out 3043 stocks 1486 stocks advanced,1485 declined and 72
remained unchanged.
GLOBAL MARKETS
After tumbling early Monday morning, stocks bounced back to end the session still down, but
much closer to breakeven. The Dow Jones industrial average fell 40 points, or 0.4%, closing the
session at 11,052, according to early tallies. The S&P 500 fell 2 points, or 0.1%, and the Nasdaq lost
9 points, or 0.4%.
Asian markets are trading on a negative note, with the Nikkei down by 0.5% & the Hang Seng
down by 0.2%
Investors' insatiable appetite for public share sales by state-run companies saw MOIL's IPO over-
subscribed 2.37 times by the end of Day 2 of the issue, generating total demand for bids worth Rs
2,979 crore.
Philips India has emerged as the front-runner to acquire a controlling stake in lightings maker
Halonix (formerly Phoenix Lamps) from private equity fund Actis for around Rs 300 crore as
part of a two-step transaction which will also see the PE fund directly buying the general lighting
`
0
5
10
15
20
25
30
5650
5700
5750
5800
5850
5900
5950
23-Nov 24-Nov 25-Nov 26-Nov 27-Nov
NSE Turnover Rs Cr('000) Nifty
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
18800
19000
19200
19400
19600
19800
23-Nov 24-Nov 25-Nov 26-Nov 27-Nov
BSE Turnover Rs Cr('000) Sensex
INDIA
Putting behind the mayhem of the previous week, which saw the BSE benchmark index, the
Sensex, shed a whopping 820 points or 4.1% in four trading sessions, the markets today have
begun the week on a positive note. The Indian markets opened on positive note on Monday, on
emergence of stocks buying at attractive low level by the FII's. All the BSE sectoral indices ended
in the positive terrain, the BSE Oil & Gas index was the top gainer the index gained 2.6%, followed
by BSE Bank index up 1.5% and the BSE Pharma index added 1.4%. The broader indices also
ended in green as well, the BSE Mid-Cap index was up 0.7% and BSE Small-Cap index gained
0.5%.
The Market breadth was positive out 3043 stocks 1486 stocks advanced,1485 declined and 72
remained unchanged.
GLOBAL MARKETS
After tumbling early Monday morning, stocks bounced back to end the session still down, but
much closer to breakeven. The Dow Jones industrial average fell 40 points, or 0.4%, closing the
session at 11,052, according to early tallies. The S&P 500 fell 2 points, or 0.1%, and the Nasdaq lost
9 points, or 0.4%.
Asian markets are trading on a negative note, with the Nikkei down by 0.5% & the Hang Seng
down 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
Investors' insatiable appetite for public share sales by state-run companies saw MOIL's IPO over-
subscribed 2.37 times by the end of Day 2 of the issue, generating total demand for bids worth Rs
2,979 crore.
Philips India has emerged as the front-runner to acquire a controlling stake in lightings maker
Halonix (formerly Phoenix Lamps) from private equity fund Actis for around Rs 300 crore as
part of a two-step transaction which will also see the PE fund directly buying the general lighting
subsidiary of Halonix and retaining it under its control.
On a plea by global pharma major Pfizer, the Delhi High Court today restrained Ahmedabad-
based Stallion Laboratories from manufacturing and selling cough syrup under the trade mark,
'SOREX'.
LIC Housing Finance said that the loans worth Rs 389 crore ($85 million) issued by it were under
probe by the federal investigative bureau in a financial bribery scandal.
Mahindra & Mahindra (M&M) Financial Services decided to raise up to Rs 570 crore through
institutional placement of equities to increase authorised capital to Rs 190 crore and expand
business.
Tyre-maker Ceat said that its Halol facility in Gujarat will start commercial production by January
next year.
State-run Indian Oil Corp (IOC) has bought 4 million barrels of West African crude oil in its first
tender for February loading.
Engineering and construction firm Punj Lloyd signed an agreement with Malaysia's Hopetech for
providing automated electronic toll collection in India. The two companies signed a
memorandum of understanding (MoU) to "offer cost effective and robust integrated solutions for
automated electronic toll collection and a Central Toll Clearing House in India.
Taking into consideration the increasing demand for power in the metropolis and the expiry of
RInfra's license to supply electricity in the city's suburbs in 2011, MERC has given indications that
it could consider re-drawing of boundaries of the area where the Anil Ambani-led company
distributes power.

CORPORATE NEWS SECTOR 29-Nov 26-Nov % Change
Oil&Gas 10,118 9,853 2.69
Consumer Durables 6,303 6,203 1.63
Bankex 13,464 13,283 1.36
Capital Goods 14,989 14,806 1.24
IT 6,081 6,009 1.20
Healthcare 6,547 6,481 1.02
Auto 9,963 9,866 0.98
Teck 3,678 3,643 0.96
Realty 2,769 2,743 0.94
Metal 15,557 15,415 0.92
PSU 9,133 9,059 0.82
FMCG 3,534 3,508 0.74
Power 2,839 2,829 0.35
BSE Upper Circuit Breakers
Company Name 29-Nov 26-Nov % Change
30.0 25.0 20.00
Arcee Industries 5.6 5.1 10.00
175.7 167.4 5.00
0 644.0 613.3 5.00
168.0 160.0 5.00
BSE Lower Circuit Breakers
Multibase India
Sharon Bio
Cimmo Birla
Polyplex
CEAT Ltd., one of the leading tyre manufacturers of India and an RPG Group company,
announced that it is acquiring the “CEAT” Brand from Pirelli & C. SpA for 9 mn Euro (Rs 550mn).
CEAT Ltd. is currently the owner of the CEAT brand in 9 South Asian countries: India, Sri Lanka,
Bangladesh, Myanmar, Pakistan, Bhutan, Nepal, Afghanistan and Vietnam. Pirelli is the owner of
the CEAT Trademark in the rest of the world.
Ranbaxy Laboratories Ltd, India's largest pharmaceutical company by revenue, has received
the US drug regulator's nod to launch its generic version of Pfizer Inc. and Eisai Co. Ltd's
Alzheimer's drug Aricept (donepezil hydrochloride).
Tilaknagar Industries Ltd. (TI) India’s fastest growing manufacturer of Indian Made Foreign
Liquor (IMFL) announced the successful completion of its qualified institutional placement (QIP)
of Rs. 1.35 billion. As a separate corporate development, it also announced the acquisition of
100% stake in Goa based distillery, Kesarval Distillers Pvt. Ltd.
Prime Focus group has been awarded a multi picture order worth approximately Rs. 2bn, for 2D
to 3D stereoscopic conversion work from a leading Hollywood studio. The jobs will be carried out
in facilities in the North America, UK and India.
KSK Mahanadi Power Co has signed a Rs121.4 bn ($2.66 bn) seventeen-year project financing
loan with banks led by State Bank of India.
Tata Steel Ltd is planning to invest 1.3 mn pounds ($2mn) in a steel-plate processing facility in
the U.K. to produce materials used in wind turbines.
Ramco Systems, Canadian unit Ramco Canada won an order for its aviation suite from Aveo, a
global provider of MRO services to the aviation industry.
Videocon Industries reported that its partnership with Anadarko Petroleum, BPRL Ventures,
Mitsui E&P and Cove Energy has discovered major natural gas presence in Rovuma basin of
Mozambique.
BSE Lower Circuit Breakers
Company Name 29-Nov 26-Nov % Change
344.3 382.6 (10.00)
42.9 45.2 (5.00)
207.2 218.0 (5.00)
11.2 11.8 (5.00)
206.0 216.7 (5.00)
COMMODITY / CURRENCY NEWS COMMODITY 29-Nov 26-Nov % Change
Crude Oil (USD/bbl) 85.7 83.5 2.59
Gold (Rs/10gm) 20,369.0 20,254.0 0.57
Silver (Rs/kg) 41,634.0 41,083.0 1.34
CURRENCY 29-Nov 26-Nov % Change
INR / USD 45.93 45.84 0.20
USD / Euro 1.31 1.32 (0.53)
Yen / USD 84.15 84.10 0.06
Fusion Fittings
Money Matters
Binny
BGIL Films
Mansi Finance
CEAT Ltd., one of the leading tyre manufacturers of India and an RPG Group company,
announced that it is acquiring the “CEAT” Brand from Pirelli & C. SpA for 9 mn Euro (Rs 550mn).
CEAT Ltd. is currently the owner of the CEAT brand in 9 South Asian countries: India, Sri Lanka,
Bangladesh, Myanmar, Pakistan, Bhutan, Nepal, Afghanistan and Vietnam. Pirelli is the owner of
the CEAT Trademark in the rest of the world.
Ranbaxy Laboratories Ltd, India's largest pharmaceutical company by revenue, has received
the US drug regulator's nod to launch its generic version of Pfizer Inc. and Eisai Co. Ltd's
Alzheimer's drug Aricept (donepezil hydrochloride).
Tilaknagar Industries Ltd. (TI) India’s fastest growing manufacturer of Indian Made Foreign
Liquor (IMFL) announced the successful completion of its qualified institutional placement (QIP)
of Rs. 1.35 billion. As a separate corporate development, it also announced the acquisition of
100% stake in Goa based distillery, Kesarval Distillers Pvt. Ltd.
Prime Focus group has been awarded a multi picture order worth approximately Rs. 2bn, for 2D
to 3D stereoscopic conversion work from a leading Hollywood studio. The jobs will be carried out
in facilities in the North America, UK and India.
KSK Mahanadi Power Co has signed a Rs121.4 bn ($2.66 bn) seventeen-year project financing
loan with banks led by State Bank of India.
Tata Steel Ltd is planning to invest 1.3 mn pounds ($2mn) in a steel-plate processing facility in
the U.K. to produce materials used in wind turbines.
Ramco Systems, Canadian unit Ramco Canada won an order for its aviation suite from Aveo, a
global provider of MRO services to the aviation industry.
Videocon Industries reported that its partnership with Anadarko Petroleum, BPRL Ventures,
Mitsui E&P and Cove Energy has discovered major natural gas presence in Rovuma basin of
Mozambique.
Infrastructures & Projects Limited (IVRCL) said its water and buildings divisions had won
orders worth Rs 500.49 crore.The orders are from Nuclear Power Corporation of India Ltd,
Rajasthan Rajya Vidyut Utpadan Nigam Ltd, Tapi Irrigation Development Corporation, Jalgaon
and Krishna Bhagya Jala Nigam Ltd for supply, civil works and operation and maintenance
among others.
Gujarat Foils Ltd said that it has tied up with Russia-based United Co UC RUSAL to issue an
expression of interest for setting up an alumina refinery and aluminium smelter in Kutch district
of Gujarat. The total investment for the project would be about Rs 14,000 crore.
Tractor maker Escorts reported an over four-fold jump in its consolidated net profit for the year
ended September 30, at Rs 132 crore.The company had posted a net profit of Rs 28.60 crore in
the corresponding period a year ago. The consolidated total net operating income during last
fiscal also increased by 27.44 per cent to Rs 3,378.31 crore from Rs 2,650.93 crore in the previous
fiscal.
Private sector Dhanlaxmi Bank, said that it has hiked its domestic term deposit rates by 0.50-1
per cent, across select maturities.
Crude oil closed up by 2.5% at $85.7 per barrel. Gold closed up by 0.57% at Rs 20,369 and Silver
closed up by 1.34 % at Rs. 41,634.
The Indian Rupee closed lower against the dollar at 45.93 as the Indian equity benchmarks ended
on a positive 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.

ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
Lupin 508.0 514.3 1.23
BEL 1709.3 1729.65 1.19
Glaxo 2118.2 2143.15 1.18
NHPC 27.1 27.4 1.11
Hexaware 86.6 87.55 1.10
Apollo Tyre 64.3 64.95 1.09
PNB 1176.2 1159.4 (1.43)
SCI 145.1 143.4 (1.21)
ONGC 1243.1 1234.3 (0.70)
GAIL 494.7 492.6 (0.42)
Chennai Petro 228.2 227.4 (0.35)
ACC 997.6 994.8 (0.29)
INSTITUTIONAL ACTIVITY (Rs Cr) 12-Nov 11-Nov YTD
FII Cash Net 526 (683) 1,26,594
FII Stock Futures (466) (306) (18,113)
FII Index Futures 1,544 (408) (10,203)
Mutual Fund (183) (225) (29,621)
VALUATIONS P/E P/B DIV YLD
BSE 21.8 3.5 1.1
NSE 23.3 3.7 1.1
BSE500 Mcap/GDP Ratio 0.62
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Rs %
RIL 998 3.68 BGR Energy 690.5 21.02 Kiri Dyes 508.4 19.99
Maruti Suzuki 1404 2.87 IRB Infra 236.65 10.84 English Indian 68.15 19.98
Wipro 418.2 2.85 Chambal Fert 93.7 10.3 Cals Ref 0.32 18.52
BHEL 2157 2.71 MVL 23.9 9.89 AQUA LOGIST 49.2 11.31
MOVERS & SHAKERS
Name
The government said Foreign Direct Investment (FDI) in renewable energy sector
has shown an upward trend and investment in the sector in 2009-10 has been very
attractive. The FDI in renewable sector has been growing rapidly. During 2006-07,
2007-08, 2008-09 and 2009-10, the investment to the sector was $2.11 million,
$43.15 million, $85.27 million and $497.91 million respectively.
BHEL 2157 2.71 MVL 23.9 9.89 AQUA LOGIST 49.2 11.31
ICICI Bank 1153 2.5 Man Infra 236.95 9.17 Sarda Energy 318 10.05
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Rs %
Reliance Infra 825.15 -2.95 Shree Ashtavina 29.35 -19.92 Jindal World 231.05 -10.62
Reliance Comm 127.5 -2.15 Money Matters 344.3 -10 SARASWATI 1100 -10.46
Tata Steel 593 -0.88 Core Projects 216.85 -8.69 Koutons Retl 63.75 -9.96
HDFC Bank 2286.1 -0.58 Manappuram Gen 140 -5.56 Sujana Metal 30.9 -9.91
ACC 994.5 0.55 Escorts 194.5 -5.35 Graviss Hospitality 28.3 -9.73
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
SEL Manufacturing Company Trans Financial Resources BUY 1.25% 27.7
Delta Corp Limited Crosseas Capital Services BUY 1.55% 120.3
Hindustan Org Chem Ltd Jmp Securities BUY 1.54% 56.5
Subex Limited Suresh Kanmal Jajoo SELL 1.33% 82.0
BS TransComm Limited Crosseas Capital Services Pvt. Ltd. SELL 0.88% 185.5
Confidence Petro Jaroli Vincom BUY 1.25% 21.1
Bilpower Gulshan Investment Company BUY 0.85% 180.2
Asian Tea Asian Capital Market Limited BUY 0.97% 30.2
Ballarpur Inds Neha Khandelwal SELL 0.91% 35.5
Black Rose Inds Halan Finance & Investment SELL 1.35% 16.52
Name
BSE
BULK DEALS
NSE
The government said Foreign Direct Investment (FDI) in renewable energy sector
has shown an upward trend and investment in the sector in 2009-10 has been very
attractive. The FDI in renewable sector has been growing rapidly. During 2006-07,
2007-08, 2008-09 and 2009-10, the investment to the sector was $2.11 million,
$43.15 million, $85.27 million and $497.91 million respectively.
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

Daily Newsletter: 30th November, 2010

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Daily Newsletter: 30th November, 2010