The Indian stock market ended lower for a fifth consecutive session due to concerns about an interest rate hike by the Reserve Bank of India. Key indices like the BSE Sensex and NSE Nifty closed down around 1%. Banking, consumer durable, and oil & gas stocks declined the most. Global markets were mixed with US indices closing lower while some Asian markets also opened lower. Corporate earnings updates and macroeconomic data were also reported.

1. May 3, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 02-May 29-Apr % Change COMMENTARY
BSE Sensex 18,998 19,136 (0.72)
NSE Nifty 5,701 5,750 (0.85) INDIA
BSE Midcap 7,028 7,094 (0.94) The Indian market ended in the red for a fifth straight trading session on Monday, as banks slipped amid
BSE Smallcap 8,615 8,715 (1.15) worries of a possible aggressive rate hike by the RBI in Tuesday's policy meeting. Market players preferred to
Nifty Junior 11,232 11,377 (1.27) stay on the sidelines ahead of the RBI meet as the decline was led by Banking, Consumer Durables, Oil & Gas
CNX Midcap 8,120 8,201 (0.99) and PSU stocks. Realty, Pharma and Telecom stocks bucked the negative trend. The BSE Sensex ended below
the 19,000 levels while the NSE Nifty managed to close just above 5,700. Technically, the Nifty closed below
its 200DMA (5745), indicating that markets could suffer further declines. FIIs have sold over Rs 3,000 crores in
the last 6 sessions. The Sensex ended at 18,998, down 0.72% while the Nifty lost 0.85% to close at 5,701.
GLOBAL MARKETS 02-May 29-Apr % Change
Dow Jones Ind (USA) 12,807 12,810 (0.02) The market breadth was negative. Of the total 2,948 stocks traded on the BSE, 1,810 stocks declined while
Nasdaq Composite(USA) 2,864 2,874 (0.33) 1,032 advanced.
S&P 500 (USA) 1,361 1,364 (0.20)
FTSE 100 (UK) 6,070 6,070 (0.00) GLOBAL MARKETS
DAX (Germany) 7,528 7,514 0.18 US markets extended its near three-year high in early trade, but a lack of direction ultimately led to the broad
Nikkei 225 (Tokyo) 10,004 9,850 1.57 market's first loss in five sessions. News that U.S. forces killed terrorist leader Osama bin Laden dominated
Hang Seng (Hong Kong) 23,721 23,805 (0.35) headlines all day, but the stock market lacked a discernible reaction to the story as Dow Jones closed at
12,807, down 0.02%. Nasdaq closed at 2,864, down 0.33% and S&P closed at 1,361, down 0.2%.
Shanghai Comp (China)* 2,912 2,912 0.00
KOSPI (South Korea) 2,229 2,192 1.67 Asian markets have opened on a negative note as Strait Times is trading at 3,164, down 0.50%; Shanghai is
STI (Singapore)* 3,177 3,177 0.00 trading at 2,903, down 0.3% and Japanese markets are shut. SGX Nifty is trading at 5,687, down 31 points
MSCI Emerging Market 459 460 (0.22) indicating a weak opening.
MSCI Frontier Market 575 579 (0.69)
BOND MARKETS 02-May 29-Apr Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.13 8.13 0.00 Tech Mahindra Ltd has announced that it plans to set up BPO Operations in Philippines. The company
1yr G-Sec Yield 7.76 7.76 0.00 has recently signed a multi-million deal, as one of the preferred BPO partners for strategic outsourcing
LIBOR (6m) 0.46 0.46 0.00 with a leading full-service telecommunications company in the Philipines.
LIBOR (1m) 0.25 0.26 (0.01)
Interbank Call rate 6.4 6.8 (0.40) Drug firm Strides Arcolabs has received the US health regulator's approval for its oncology facility in
Bangalore.
The country's second largest two-wheeler maker Bajaj Auto reported a 16.71% jump in its motorcycle
BSE Turnover Rs Cr('000) Sensex sales for April to 3,22,235 units. The company sold 2,76,095 units in the corresponding month last year.
19600 3.3 BAL recorded its highest ever exports last month at 1,58,422 units, compared to 1,13,911 units in April,
19500 3.3 2010, a growth of 39.08%.
19400 3.2
19300 3.2 Hindustan Construction Company Ltd has received a Letter of Acceptance- cum-work order from
19200 3.1 Sardar Sarovar Narmada Nigam Ltd, Gandhinagar, for construction of Canal Earthwork, lining, Structures
19100 3.1 & Service Roads of the distributaries and minors of Limbdi Branch Canal at Limbdi, Gujarat. The value of
19000 3.0 the contract is Rs. 2.98bn. The project is to be completed in 18 (Eighteen) calendar months.
18900 3.0
18800 2.9
18700 2.9 The oil ministry has directed Reliance Industries to drill 11 new wells in the current financial year to
boost gas output from its KG-D6 block to 80 million standard cubic meters per day and submit a plan
26-Apr 27-Apr 28-Apr 29-Apr 2-May
later this month.
Century Textiles & Industries Ltd posted net profit of Rs. 2374.90 mn for the year ended March 31, 2011
as compared to Rs. 3394.70 mn for the year ended March 31, 2010. Total Income increased from Rs.
NSE Turnover Rs Cr('000) Nifty 45431.80 mn for the year ended March 31, 2010 to Rs. 47994.40 mn for the year ended March 31, 2011.
5900 18
16
5850 Textile firm Alok Industries Ltd expects to earn Rs 1,300-1,400 crore from the sale of commercial
14
5800 12 properties in Mumbai this financial year. Alok Industries posted a 53% growth in net profit in FY11 on
88.38 #DIV/0!
10 robust sales, and it expects to maintain this growth in FY12 on the back of higher volumes.
5750
8
5700 6 ACC, the country's largest cement maker produced and dispatched 2.05 million tonnes of cement in
4 April 2011, up 13% on a year-on-year basis. The company had produced 1.80 million tonnes and
5650
2 dispatched 1.79 million tonnes of cement in the same period last year.
5600 0
26-Apr 27-Apr 28-Apr 29-Apr 2-May

2. May 3, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 02-May 29-Apr % Change CORPORATE NEWS
REALTY 2,205 2,180 1.14% Wipro Technologies, the Global Information Technology, Consulting and
HC 6,258 6,233 0.40% Outsourcing business of Wipro Limited announced that Wipro’s Tarang - Product
TECk 3,717 3,708 0.25% Qualification and Compliance Lab and CSA Group, a global testing, certification and
POWER 2,668 2,663 0.20% standards development organization headquartered in Canada, will collaborate and
IT 6,152 6,144 0.12% leverage their business resources for providing localized testing and certification
CG 13,049 13,037 0.09% services in India.
FMCG 3,738 3,755 -0.45%
Nucleus Software's consolidated revenue for the year ended March 31, 2011 is at Rs.
AUTO 9,463 9,560 -1.02%
2.70bn in comparison to Rs. 2.91bn in the previous year. Net Profit after Tax (PAT) is at
METAL 16,022 16,191 -1.04% Rs. 26.34 crore in comparison to Rs. 38.40 crore in the previous year.
PSU 8,966 9,070 -1.15%
OIL&GAS 9,874 10,008 -1.34% Mahindra & Mahindra’s Farm Equipment Sector (FES) maintained its leadership
CD 6,280 6,393 -1.76% position in the tractor industry in April 2011.Domestic sales in April stood at 17,740
BANKEX 12,804 13,077 -2.08% units as against 15,697 units in the same period last year, an increase of 13%. Total
tractor sales (domestic + exports) in April stood at 18,530 units, as against 16,302 units
in the same period last year, an increase of 14%. Exports for the month stood at 790
units as against 605 units for the same period last year, an increase of 31%.
GlaxoSmithkline Consumer Healthcare Ltd posted net profit of Rs. 1106.20 mn for
the quarter ended March 31, 2011 as compared to Rs. 961.60 mn for the quarter
BSE Upper Circuit Breakers ended March 31, 2010. Total Income has increased from Rs. 6720.10 mn for the
Company Name 02-May 29-Apr % Change quarter ended March 31, 2010 to Rs. 7440.00 mn for the quarter ended March 31,
Bharat Rasayan 113.8 94.8 20.00 2010.
Bhandari Hosiery Exports 33.1 30.1 10.00
Denison Hydraulics India 398.0 379.0 5.00 Marico Ltd has posted a net profit of Rs. 1318.057 mn for the quarter ended March
Gandhimathi Appliances 194.6 185.4 5.00 31, 2011 as compared to Rs. 604.060 mn for the quarter ended March 31, 2010.
0
Shantivijay Jewels 85.1 81.0 5.00
Godrej Consumer Products Ltd has posted a net profit of Rs. 1105.80 mn for the
quarter ended March 31, 2011 which was at Rs. 631.20 mn for the quarter ended
March 31, 2010.
State-run lender Bank of India (BoI) reported a 15.5%increase in its net profit to Rs
493.6 crore for the fourth quarter ended March 2011, compared to Rs 427.9 crore of
BSE Lower Circuit Breakers the year-ago period. For the full financial year ended March 31, 2011, BoI posted a net
Company Name 02-May 29-Apr % Change profit of Rs 2,488.7 crore, down by 43% as compared to Rs 1,741 crore in the last fiscal.
Rajath Finance 175.2 194.6 (10.00)
R.M. Mohite 209.4 220.4 (5.00) Bharti Airtel, India's top mobile operator, has mandated at least five banks to raise up
Sampada Chemicals 137.1 144.3 (5.00) to $1 billion via a dollar bond issue to retire its Africa debt. The investor meeting for
Shekhawati Poly-Yarn 35.3 37.1 (5.00) the issue will start next week. The joint book runners include Barclays Capital,
(5.00) Deutsche Bank, HSBC, Standard Chartered and UBS.
Axtel Industries 16.8 17.7
The country's largest car-maker Maruti Suzuki India reported a 4.40% jump in April
sales to 97,155 units. Sales for the same month last year stood at 93,058 units. The
national capital-based company recorded sales of 87,144 units in the domestic market
last month, an 8.88% increase from 80,034 units in April, 2010. MSI's exports, however,
declined by 23.13% in April to 10,011 units from 13,024 units in the year-ago period.
Mobile handset company Spice Mobility said it will invest Rs 1,000 crore this fiscal to
further expand its business through opening new centres and going in for
acquisitions.
COMMODITY 02-May 29-Apr % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 125 126 (0.41)
Gold (Rs/10gm) 22,639 22,790 (0.66) Brent Crude Oil lost 0.41% and closed at $125.3 per barrel. Gold prices fell from record
highs while silver tumbled over 4% and seemed set for its biggest one-day loss in 15
Silver (Rs/kg) 67,900 70,995 (4.36)
months, after the death of Osama bin Laden sapped the safe-haven premium out of
precious metals.
CURRENCY 02-May 29-Apr % Change
INR / USD 44.22 44.43 (0.47) The Indian Rupee closed higher against the dollar at Rs 44.22 as the Indian equity
USD / Euro 1.48 1.48 - benchmarks ended on a negative note.
Yen / USD 81.34 81.24 0.12

3. May 3, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
GTL Infra 35.8 36.4 1.68 International terrorists Bin Laden was killed in Pakistan's military cantonment area of
MLL 40.2 40.8 1.37 Abbottabad, near the capital Islamabad.
Reliance Media 153.3 155.0 1.14
ABG Shipyard 372.4 376.5 1.11 Betting big on the Indian market, foreign fund houses invested $1.61 billion (about Rs
Bosch 6646.6 6,720.0 1.11 7,213 crore) in Indian equities in the month of April.
KS Oils 32.9 33.2 1.07
IOB 164.0 157.1 (4.21) Union Environment Minister Jairam Ramesh on Monday granted the final approval to
PFC 230.8 223.8 (3.01) Orissa for diversion of 1,253 hectares of forest land for POSCO’s mega steel project.
Indian Bank 247.4 241.1 (2.53)
State-run oil refiners are taking a daily hit of Rs 495 crore on their revenues for selling
Alhabad Bank 198.6 194.6 (2.01)
diesel, kerosene and cooking gas at state-fixed cheaper rates. Last June, freedom was
Vediocon 200.5 197.0 (1.75)
granted to state-controlled firms to fix prices of petrol, but continued to control the
Sre Infra 50.9 50.1 (1.47) prices of diesel, kerosene and cooking gas.
INSTITUTIONAL ACTIVITY (Rs Cr) 26-Apr 25-Apr YTD Sundaram BNP Paribas Home Finance, subsidiary of Sundaram Finance Ltd, reported a
FII Cash Net (149) (1,270) 6,664 fourth quarter net profit of Rs 19.88 crore for the period ending March 31, 2011, up by
FII Stock Futures (543) (308) (3,794) 159.8% over Rs 7.65 crore achieved in the same quarter of previous year.
FII Index Futures (264) 32 632
Mutual Fund (20) 208 1,445
VALUATIONS P/E P/B DIV YLD
BSE 21.1 3.6 1.1
NSE 21.1 3.7 1.1
BSE500 Mcap/GDP Ratio 0.63
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Tata Power 1334.8 2.43 IOB 161.0 5.47 Man Inds-$ 88.55 6.6
Cipla 314.9 1.96 Mahindra Lifesp 391.9 5.01 Spanco-$ 161.9 6.6
DLF 226.6 1.66 Spicejet 42.8 4.27 Federal Mogul 256.2 5.8
Bharti Airtel 384.0 1.36 Chambal Fert 88.5 3.57 Hindustan Media 147.0 5.6
Infosys 2923.6 0.6 Emami-$ 425.9 2.9 Hinduja Found-$ 103.7 5.3
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
SBI 2691.7 -4.06 Motilal Oswal 131.7 -9.24 Empee Sugars 54.8 -11.7
Sterlite Inds 177.0 -2.26 Onmobile Global 256.8 -7.86 Finolex Inds 91.8 -10.9
Maruti Suzuki 1291.2 -2.16 JUBL FOOD 680.5 -7.4 Unisys Soft 142.0 -8.4
Bajaj Auto 1432.2 -2.09 Rallis India 1389.9 -6.31 Gujarat Apol 140.4 -8.3
RIL 964.7 -1.76 Vijaya Bank 78.4 -5.6 Kirloskar Bros-$ 174.7 -7.8
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