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1. March 31, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 30-Mar 29-Mar % Change COMMENTARY
BSE Sensex 19,327 19,120 1.08
NSE Nifty 5,799 5,736 1.09 INDIA
BSE Midcap 6,856 6,752 1.54
BSE Smallcap 8,160 7,983 2.22 The Indian market extended the recent rally to a seventh successive trading session on Wednesday amid
strong cues from the international equity markets and robust FII inflows. Also, the much-awaited technical
Nifty Junior 11,295 11,082 1.93
breakout above the 200-DMA this week seems to have sparked further buying. The bullish trend in the
CNX Midcap 8,050 7,902 1.87 Indian equities was in sync with the broad-based global rally in stocks amid signs that Japanese companies
are recovering from the aftereffects of earthquake and tsunami. The 30-share BSE Sensex added more than
200 points, to close at 19,327, supported by 26 stocks out of 30. Financial, auto, cement, realty, healthcare
GLOBAL MARKETS 30-Mar 29-Mar % Change and select technology companies' shares led the markets higher. Nifty touched the 5800 mark in intra day
Dow Jones Ind (USA) 12,351 12,279 0.58 for the first time since January 25th but closed a tad below at 5799, up 1.06%. The market breadth was
Nasdaq Composite(USA) 2,777 2,757 0.72 decisively positive with 2,057 shares rising, while 801 shares declined on the BSE.
S&P 500 (USA) 1,328 1,319 0.67
FTSE 100 (UK) 5,948 5,932 0.27
DAX (Germany) 7,057 6,944 1.62 GLOBAL MARKETS
Nikkei 225 (Tokyo) 9,709 9,459 2.64
Renewed buying interest paced up US stocks for their best first quarter performance since 1998 as Dow
Hang Seng (Hong Kong) 23,451 23,060 1.70 Jones closed up 0.58% at 12351. Nasdaq closed up 0.72% at 2777 while S&P ended up at 1328, up 0.67%.
Shanghai Comp (China) 2,956 2,958 (0.07)
KOSPI (South Korea) 2,091 2,072 0.93 Asia has opened positive as Hang Seng is up 166 points at 23618, Strait Times is up 0.39% at 3107 while
STI (Singapore) 3,095 3,057 1.25 Nikkei is trading flat at 9711. SGX Nifty is trading at 5826 up 13 points indicating a positive opening.
MSCI Emerging Market 435 432 0.73
MSCI Frontier Market 562 562 (0.09)
BOND MARKETS 30-Mar 29-Mar Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.11 8.05 0.06
1yr G-Sec Yield 7.64 7.64 0.00 US-listed iGate's open offer for buying a little over 20% stake in Indian IT company Patni Computer
LIBOR (6m) 0.46 0.46 0.00 Systems will begin on April 8 and close on April 27. Earlier in January, iGate, in a consortium with private
LIBOR (1m) equity firm Apax Partners, had announced a deal to buy the entire 45.6% stake of Patni brothers --
0.26 0.26 0.00
Narendra Patni, Ashok Patni and Gajendra Patni -- along with General Atlantic's 17.4% holding for $921
Interbank Call rate 6.2 7.3 (1.05) million (Rs 4,188 crore).
Keki Mistry has ceased to be a director on the board of HDFC Bank as he has completed his 8-year tenure.
Mistry is vice chairman and Chief Executive Officer of HDFC Ltd which is the promoter of HDFC Bank, with
BSE Turnover Rs Cr('000) Sensex
around 23.6% stake.
19600 3.8
19400 3.7
19200 3.6 PTC India Financial Services today made a lukewarm listing, plunging 11% down from its issue price on
19000 3.5 the Bombay Stock Exchange, even as broader market sentiment remained bullish
18800 3.4
18600 3.3 In a blow to Cairn Energy, the government's law officers have held that Edinburgh-based firm needs state-
18400 3.2 owned ONGC's consent to sell its majority stake in Cairn India to Vedanta Resources. More than three
18200 3.1 months after announcing the sale of its up to 51% stake in the Indian unit to Vedanta, Cairn Energy Plc on
18000 3.0 November 23 last year had made a conditional application to seek government's nod but refused to accept
17800 2.9 partner ONGC's rights.
24-Mar 25-Mar 28-Mar 29-Mar 30-Mar
Andhra Pradesh High Court directed IT company Mahindra Satyam to deposit Rs 350 crore with Central
Board of Direct Taxes (CBDT) and also issue it bank guarantee of Rs 267 crore in its ongoing tax dispute
with the Income Tax (I-T) department.CBDT has demanded Rs 617 crore from the company as tax.
NSE Turnover Rs Cr('000) Nifty
5850 16 London-listed metals & mining major Vedanta Resources has moved closer to acquiring control of Cairn
5800 14 India as Sebi has cleared Sesa Goa's open offer for Cairn India.
5750 12
5700 The CBI is likely to chargesheet three officials of ADAG and senior executives of real estate firm Unitech, in
5650 88.38 10
#DIV/0!
5600 8 addition to former telecom minister A Raja, his aide RK Chandolia and the former telecom secretary.
5550 6
5500 4 Tanishq, the jewellery retail chain arm of Titan Industries Ltd, under Tata Group, is planning to invest
5450 around Rs 150-200 crore for setting up around 15 showrooms in various parts of the country in next fiscal
5400 2
year.
5350 0
24-Mar 25-Mar 28-Mar 29-Mar 30-Mar
`

2. March 31, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 30-Mar 29-Mar % Change CORPORATE NEWS
CD 6,253 6,014 3.98
REALTY 2,315 2,245 3.14 Pune-based chemicals maker Deepak Fertilisers plans to invest about $350 million
1.95 to set up a technical ammonium nitrate (TAN) manufacturing unit in Australia.
HC 6,045 5,929
BANKEX 13,393 13,173 1.67
National Aluminium Company (Nalco) is likely to increase the price of the metal by Rs
AUTO 9,255 9,119 1.49 2,000-3,000 a tonne with effect from April, in sync with firming global prices.
PSU 8,922 8,829 1.05
OIL&GAS 10,095 10,016 0.79 State-owned Oriental Bank of Commerce (OBC) has allotted 4.12 crore shares to the
CG 13,255 13,199 0.42 government of India on a preferential basis in return for a Rs 1,739.99 crore fund
POWER 2,689 2,679 0.39 infusion. As a result, the government of India's holding has increased to 58% from
IT 6,425 6,400 0.39 51.09%.
TECk 3,802 3,788 0.37
METAL 16,005 15,967 0.24 Apollo Tyres will hike prices of its products by up to 6% from April to offset spiralling
raw material costs. The market leader also cautioned that the tyre industry could be
FMCG 3,537 3,551 (0.38)
in red unless there is a substantial increase, a minimum of up to 10%, in product
prices.
Packaging company Essel Propack has started production at its new plant in Mexico.
Sistema Shyam, a joint venture between Russian Sistema and India's Shyam group,
BSE Upper Circuit Breakers issued 54,73,12,918 equity shares to the Russian government against $600 million
Company Name 30-Mar 29-Mar % Change received in December 2010.
Lloyds Steel 19.3 16.1 19.90
JK Paper 57.7 48.1 20.00 Financial Technologies has re-paid Rs 180 crore to a financial institution that had
purchased its shares held in MCX Stock Exchange Ltd.
Bedmutha Inds 132.4 110.3 20.00
Excel Infoways 36.2 30.2 19.90 0
Noida-based Havells India, a company specialised in the manufacture and sale of
Tanla Solutions 17.1 16.3 4.90 electrical and power distribution equipment with an annual global turnover of $1.2
billion, opened its new European headquarters in London today with a view to
expand business prospects.
Dr Reddy's Laboratories has acquired GlaxoSmithKline's US penicillin
manufacturing facility and the rights to the Augmentin and Amoxil brands in the
BSE Lower Circuit Breakers United States for an undisclosed sum.
Company Name 30-Mar 29-Mar % Change
State-owned BHEL has bagged a Rs 5,450 crore order from a Bajaj group company
KGN Industries 77.8 81.9 (4.90)
for supplying power equipment for setting up the 1,980 MW thermal power project
Fame India 58.9 61.9 (4.90) at Lalitpur in Uttar Pradesh.
Onward Technologies 44.0 46.3 (5.00)
Refex Refrigerent 33.3 35.1 (5.00) Retirement fund body EPFO said its corpus of about Rs 3.5 lakh crore will now be
East Coast Steel 7.3 7.7 (4.90) managed only by one of the existing fund managers, SBI, for a three month period
ending June 30 as an interim arrangement. The term of the four fund mangers was to
expire on March 31. The EPFO had planned to appoint new fund managers for next
three financial years beginning April 1.
Multi Commodity Exchange (MCX) is set to file the draft red herring prospectus
(DRHP) with Securities and Exchange Board of India (SEBI)
COMMODITY 30-Mar 29-Mar % Change COMMODITY / CURRENCY NEWS
Crude Oil (USD/bbl) 105 105 (0.03)
Gold (Rs/10gm) 20,728 20,647 0.39
Silver (Rs/kg) 55,810 55,224 1.06 Light Sweet Crude Oil on Wesnesday losing 0.03% closing at $104.67 per barrel. Gold
closed up by 0.39% at Rs20,728 and silver closed up by 1.06% at Rs 55,810
CURRENCY 30-Mar 29-Mar % Change The Indian Rupee closed higher against the dollar at Rs 44.94 as the Indian equity
INR / USD 44.94 44.84 0.22 benchmarks ended on positive note.
USD / Euro 1.41 1.40 0.69
Yen / USD 82.86 82.17 0.84

3. March 31, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
Videocon Ind 189.5 191.0 0.82
Bosch 6556.9 6,608.0 0.78 The government will release the revised consolidated FDI policy paper, a ready
Escorts 141.8 142.9 0.78 reckoner on foreign investment related regulations on Thursday.
Ultratech Cement 1125.7 1,134.3 0.76
Sterlite Tech 59.6 60.0 0.67 India’s engineering exports breached the critical USD 50 billion mark growing an
IndusInd Bank 276.2 277.9 0.62 aggressive pace of over 80 per cent during the April-February period of the current
Cipla 327.9 329.4 0.47 fiscal. The exports are expected to end the fiscal with USD 57 billion.
Yes Bank 320.8 319.2 (0.50)
Continuing its declining trend for the eighth consecutive month, India's iron ore
Voltas 181.7 180.7 (0.55) exports in February has gone down by 18.60 per cent to 10.13 million tonnes (MT).
Divis Lab 678.8 674.7 (0.60)
Areva T&D 248.3 246.7 (0.64) Telecom Ministry today said it will send the national broadband policy, aimed at
Core Projects 311.1 308.8 (0.74) setting up networks estimated to cost Rs 60,000 crore to facilitate high-speed data
and e-governance, to the cabinet in the next few weeks.
INSTITUTIONAL ACTIVITY (Rs Cr) 21-Mar 18-Mar YTD
FII Cash Net (68) (455) 314 Top world oil exporter Saudi Arabia and other Gulf countries have boosted output in
FII Stock Futures 213 148 629 March, helping to make up for supply lost due to violence in Libya. Supply from all 12
FII Index Futures (97) (510) 1,664 members of OPEC has averaged 29.13 million barrels per day (bpd) this month, down
Mutual Fund (258) (20) (2) from 29.43 million bpd in February.
US private employers added 201,000 jobs in March, while February's figure was
VALUATIONS P/E P/B DIV YLD revised down slightly, a report by a payrolls processor showed on Wednesday. The
BSE 20.9 3.6 1.1 data was largely in line with expectations.
NSE 22.0 3.7 1.1
BSE500 Mcap/GDP Ratio 0.61
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Cipla 327.7 5.17 Ballarpur Inds 37.65 16.38 AP Paper 236.15 19.99
Jaiprakash Associates 92.1 4.19 IVR Prime 61 14.45 JK Paper 57.7 19.96
DLF 263.1 3.83 JM Financial 25.3 9.76 Lloyds Steel 19.3 19.88
M&M 710.1 3.46 Shree Cement 2130 9.34 Lloyds Metal 42.55 18.69
SBI 2859.0 3.27 Himadri Chem 43.4 8.77 West Coast Paper 90 17.11
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Hindalco 205.4 -1.15 Parsvnath Dev 44.8 -7.53 RM Mohite 176.2 -4.99
ITC 177.7 -0.84 Sunteck Realty 283.25 -5.54 Tata Global 6.48 -4.99
BHEL 2058.0 -0.47 KGN Ind 77.8 -4.95 Fame India 58.85 -4.93
Tata Power 1325.0 -0.3 Shree Global Trd 124.75 -4.08 Karuturi Global 10.83 -4.24
Hathway Cable 95.65 -3.14 Falcon Tyres 106.3 -3.97
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Acropetal Tech Crosseas Capital Services BUY 0.80% 62.1
Acropetal Tech Jigyasa Properties Pvt. Ltd. SELL 2.20% 62.0
Sudar Garments Crosseas Capital Services BUY 3.60% 111.9
Sudar Garments Airan Finstocks Pvt. Ltd. SELL 1.95% 114.3
PBA Infra Ramniwa Bajaj & Co, HUF BUY 0.50% 79.3
BSE
Acropetal Tech Crosseas Capital Services BUY 1.86% 62.0
Acropetal Tech Dirva Trade Impex Pvt Ltd SELL 0.90% 62.3
Piramal Life Paramount Pharma SELL 2.90% 106.8
Chandni Tex Jhaveri Trading & Investment Pvt Ltd BUY 6.60% 45.6
Chandni Tex Jhaveri Trading & Investment Pvt Ltd SELL 9.50% 49.6