The key Indian equity indices ended almost unchanged on April 7, with the Sensex down 21 points and the Nifty down 8 points. Global markets also ended lower, with the Dow down 0.14% and other indices like Nasdaq and S&P 500 also closing lower. Asian markets opened mixed in early trade on April 8. Among other news, Glenmark Pharma signed a licensing deal, SAIL's FPO is set for end of next month, and Vodafone's Essar deal may face issues over local partner's stake valuation.

1. April 8, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 07-Apr 06-Apr % Change COMMENTARY
BSE Sensex 19,591 19,612 (0.11) INDIA
NSE Nifty 5,886 5,892 (0.10)
BSE Midcap 7,264 7,194 0.98 The key Indian equity indices ended almost unchanged on Thursday with the NSE Nifty failing to close
BSE Smallcap 8,897 8,787 1.25 above 5900 for the second consecutive trading session amid continued profit taking by traders. The Large-
Nifty Junior 11,715 11,638 0.66 Cap stocks were unable to find any definite direction throughout the day, notwithstanding moderation in
CNX Midcap 8,419 8,342 0.92 food inflation. High crude oil prices, eurozone debt worries and growing speculation of a rate hike by the
ECB dampened the sentiment. IT, Oil & Gas and Telecom stocks were among the major laggards while
Realty shares surged. The Mid-Cap and Small-Cap indices continued to outperform the benchmark indices
as the BSE Mid-Cap index gained approx. 1% and the Small-Cap index rose 1.2%.
GLOBAL MARKETS 07-Apr 06-Apr % Change
Dow Jones Ind (USA) 12,409 12,427 (0.14) The benchmark ended marginally in the red, with the Sensex at 19,591 down 21 points, and the Nifty at
Nasdaq Composite(USA) 2,796 2,800 (0.13) 5,885 down 8 points. The market breadth remained positive, with 1,911 advances versus 1,020 declines.
S&P 500 (USA) 1,334 1,336 (0.15)
FTSE 100 (UK) 6,007 6,041 (0.56) GLOBAL MARKETS
DAX (Germany) 7,179 7,215 (0.50)
Nikkei 225 (Tokyo) 9,591 9,584 0.07 US stocks ended the session negative as news of an in-line initial jobless claims and Portugal requesting
Hang Seng (Hong Kong) 24,282 24,285 (0.01) foreign financial aid was offset by the news of first rate hike by the European Central Bank since mid-2008.
Shanghai Comp (China) 3,008 3,001 0.22 News of another earthquake in Japan today was met with selling before Dow Jones closing at 12,409, down
KOSPI (South Korea) 2,122 2,127 (0.21) 0.14%. S&P closed at 1,334, down 0.15% and Nasdaq closed at 2,796, down 0.13%.
STI (Singapore) 3,172 3,170 0.04
Asian markets have opened trade on a mixed note as Nikkei is trading flat at 9,593, up 0.02%. Shanghai is
MSCI Emerging Market 458 459 (0.09) down by 0.18% at 3,002. SGX is trading up by 1 point at 5,903 indicating a flat opening.
MSCI Frontier Market 574 573 0.28
BOND MARKETS 07-Apr 06-Apr Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.04 8.06 (0.02) A strong earthquake of magnitude 7.4 shook the northeast of Japan late on Thursday, and a tsunami
1yr G-Sec Yield 7.55 7.55 0.00 warning was issued for the coast already devastated by last month's massive quake and the tsunami that
LIBOR (6m) 0.46 0.46 0.00 crippled a nuclear power plant. The tsunami warning was later lifted.
LIBOR (1m) 0.24 0.24 0.00
Interbank Call rate 5.9 6.8 (0.89) Cairn Energy and Vedanta Resources has extended the deadline for a $9.6 billion deal for Cairn's India
assets, reflecting optimism the deal will get done a day after the government deferred a decision. Both
companies have extended the date by which all conditions must be completed or waived to 20 May 2011
to accommodate the completion of the open offer for Cairn India shares.
BSE Turnover Rs Cr('000) Sensex
19750 4.5 Glenmark Pharmaceuticals has entered into an exclusive licensing deal with Canada-based Immanence-
19700 4.0 IDC to distribute the latter's anti- aging cosmeceutical range of products in eight countries.
19650 3.5
19600 3.0 The much-awaited Rs 8,000 crore follow-on public offer of Steel Authority of India (SAIL) is set to hit the
19550 2.5
19500 capital market by the end of next month.
19450 2.0
19400 1.5 Cadila Healthcare has received USFDA approval to conduct trials for its new molecule entity (NME) ZYGK1
19350 1.0 to be used for treating diabetes.
19300 0.5
19250 0.0 GVK Power and Infrastructure is in exclusive talks to buy two Australian coal mines owned by Hancock
1-Apr 4-Apr 5-Apr 6-Apr 7-Apr Prospecting in a deal worth A$8 billion ($8.4 billion).
According to the Telecom Regulatory Authority of India (TRAI), the wireless user base grew 2.62 percent,
from 771.18 million in January to 791.38 million in February with the addition of 20.2 million connections.
NSE Turnover Rs Cr('000) Nifty
5920 16 FMCG major Godrej Consumer Products (GCPL) said it was open to acquisitions in the emerging markets
5900 14 such as Asia, Africa and South America.
5880 12
5860 88.38 10
#DIV/0! Apollo Hospitals Enterprise Ltd is planning to invest around Rs 900-1,000 crore over the next two years,
8 to add 2,500 beds. India’s one of the largest hospital chain has said, funding for the proposed expansion
5840
6 will come from the proceedings of the proposed Qualified Institutional Placement (QIP) and other modes.
5820 4
5800 2 Vodafone's $5-billion deal to buy out Essar in India's third-largest mobile phone company may run into
5780 0 trouble with the local partner seeking $600-700 million more for its 33% holding.
1-Apr 4-Apr 5-Apr 6-Apr 7-Apr
`

2. April 8, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 07-Apr 06-Apr % Change CORPORATE NEWS
REALTY 2,527.78 2,499.74 1.12% Three-wheeler maker Atul Auto reported that it has clocked 60% jump in its sales at
CG 13,721.27 13,649.60 0.53% 19,406 units in FY11, over the year ago period. The company had registered sales of
HC 6,142.57 6,116.93 0.42% 12,345 units in FY10.
BANKEX 13,385.33 13,351.89 0.25%
Hilton Worldwide has signed a management agreement with Eros Resorts & Hotels,
METAL 16,668.38 16,645.07 0.14%
a company of Eros Group to manage two new properties in New Delhi.
POWER 2,801.63 2,802.63 -0.04%
AUTO 9,576.61 9,583.31 -0.07% Hotel chain operator Royal Orchid Hotels Ltd has invested Rs 300 crore to open six
FMCG 3,623.43 3,626.63 -0.09% hotels by December 2011 in India
CD 6,523.56 6,536.40 -0.20%
PSU 9,177.92 9,206.73 -0.31% HCL Technologies has reviewed terms and conditions with employees in its
TECk 3,892.26 3,908.86 -0.42% Northern Ireland BPO, the Indian software services company reported on Thursday..
OIL&GAS 10,224.32 10,274.87 -0.49%
IT 6,604.79 6,652.26 -0.71% Unichem Laboratories has received approval from the US health regulator to
market Divalproex Sodium Delayed Release tablets, indicated for seizure disorders, in
the American market.
Liquor-maker Radico Khaitan has entered into an agreement with Japanese firm
Suntory Liquors to launch two super premium whiskey brands in India. The company
has entered into an exclusive marketing and distribution tie-up with Suntory Liquors
BSE Upper Circuit Breakers to launch Yamazaki 12 YO and Hibiki 17 YO in the country.
Company Name 07-Apr 06-Apr % Change
VLS Finance Ltd. 19.9 16.6 19.90 TV Mohandas Pai is among the candidates being considered for the post of COO
Vishal Retail Ltd. 35.9 30.0 19.90 at Infosys Technologies.
Zandu Realty Ltd. 2,472.8 2,060.7 20.00
Minda Industries Ltd. 320.5 267.1 20.00 Persistent Systems Ltd has entered into 26:74% joint venture with New York Stock
0
Exchange listed Sprint Nextel Corp to provide national long distance, international
First Winner Ind 25.1 21.0 19.80
long distance, internet and managed network services in India.
Hotel Leelaventures is planning to foray into Maldives and Mauritius through
management contracts in FY12, even as it readies to launch a brand in the mid-
market segment in India.
BSE Lower Circuit Breakers Kerala-based South Indian Bank clocked total business worth Rs 50,560 crore in
Company Name 07-Apr 06-Apr % Change 2010-11, exceeding the target of 48,000 crore set for the year. The Bank expanded its
Henkel India Ltd. 38.4 40.4 (5.00) branch network to 641 during the year and plans to open another 59 branches in the
R.M. Mohite Ind 129.6 136.4 (5.00) current fiscal.
KGN Industries Ltd. 93.9 98.8 (5.00)
Goldman Sachs Investments Mauritius and GS Mace Holdings have exited media
Subhkam Capital Ltd. 126.3 132.9 (5.00) house NDTV by selling their entire stakes in separate deals totalling to Rs 70 crore.
Raj Packaging Ind 35.3 37.1 (5.00)
Mahindra Satyam (formerly Satyam Computer) which in February had agreed to pay
$125 million to settle class action suits in the US, is yet to get the Reserve Bank of
India's (RBI) nod to transfer the funds.
Gujarat NRE Coke, the country's largest private met coke producer has paid $17.4
million for the conversion of its 174 zero coupon unsecured foreign currency
convertible bonds (FCCB) to the bond holders.
COMMODITY 07-Apr 06-Apr % Change COMMODITY / CURRENCY NEWS
Crude Oil (USD/bbl) 110 108 1.58
Gold (Rs/10gm) 21,206 21,195 0.05 Light Sweet Crude Oil on Wednesday gained 1.58% and closed at $110.1 per
Silver (Rs/kg) 57,935 57,907 0.05 barrel. Gold closed up by 0.05% at Rs21,206 and silver closed up by 0.05% at Rs
57,935.
CURRENCY 07-Apr 06-Apr % Change The Indian Rupee closed lower against the dollar at Rs 44.21 as the Indian equity
INR / USD 44.21 44.11 0.22 benchmarks ended on a negative note.
USD / Euro 1.43 1.43 0.06
Yen / USD 85.16 85.30 (0.17)

3. April 8, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
Chennai Petroleum 236.3 239.5 1.38 Food inflation fell to 9.18% for the week ended March 26, the lowest level in almost
Pantaloon Retail 294.0 297.8 1.28 four months, on the back of a decline in the prices of pulses. Food inflation stood at
Oracle Financial 2090.0 2,111.0 1.00 9.50% in the preceding week.
Skumars 63.4 64.0 0.95
Nagarjuna Fertilizer 32.0 32.3 0.94 The Finance Ministry is holding consultations with the RBI and will approve the draft
Indraprastha Gas 318.4 321.4 0.94 guidelines for granting new banking licences within 15 to 20 days.
Neyveli Lignite 113.4 114.5 0.93
Private equity investments in the January-March quarter of the 2011 calendar year
ABB 807.0 797.4 (1.20)
were about 57% higher than the $2.1 billion worth of PE investment registered in the
Hero Honda 1695.9 1,671.0 (1.47)
year ago period and more than double October-December's $1.5 billion.
Siemens 896.2 851.5 (4.98)
Core Projects 321.0 303.6 (5.42) The government stood firm on implementing the mergers and acquisition rules from
Patni Comp 476 449 (5.67) June 1 that would put these takeovers under the scanner of fair-market watchdog,
Competition Commission of India (CCI).
INSTITUTIONAL ACTIVITY (Rs Cr) 28-Mar 25-Mar YTD
FII Cash Net 482 1,518 (3,411) Portugal is set to start hammering out a bailout package that may total 75 billion
FII Stock Futures (405) 2,011 4,320 euros ($107 billion) as it becomes the third euro-region country to seek European
FII Index Futures 848 3,102 1,725 Union aid.
Mutual Fund 177 79 2,979
The European Central Bank lifted interest rates for the first time in almost three years
to quell inflation even as Portugal became the third nation to succumb to the
VALUATIONS P/E P/B DIV YLD
region’s sovereign debt crisis. ECB policy makers meeting in Frankfurt today raised
BSE 21.3 3.7 1.1 the benchmark interest rates to 1.25 percent from a record low of 1 percent.
NSE 22.3 3.7 1.1
BSE500 Mcap/GDP Ratio 0.64
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
HDFC 713.5 2.3 Blue Dart 1336.2 20.0 Zandu Rlty 2472.8 20.0
Hindalco Inds 216.0 1.8 Prestige Estates 136.6 9.9 Minda Inds-$ 320.5 20.0
Wipro 471.8 1.2 IVR Prime 71.3 9.8 Goodyear India 328.6 15.2
Bharti Airtel 356.5 0.9 Chambal Fert 88.9 8.9 Oriental Hotels 34.5 14.1
Tata Power 1316.3 0.9 HT Media 158.1 7.3 Nucleus Soft 109.2 13.6
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
NTPC 186.3 -2.6 KGN Inds 93.9 -5.0 Hinduja Found-$ 101.5 -5.9
ONGC 291.9 -2.1 Wockhardt 357.7 -4.2 Polyplex Corp 251.0 -5.8
TCS 1199.4 -2.0 A2Z Maint & Engg 299.6 -4.1 RM MOHITE 129.6 -5.0
Maruti Suzuki 1279.1 -1.2 Onmobile Global 285.3 -3.5 Graviss Hospitality 25.9 -5.0
Sterlite Inds 174.6 -1.2 Cox & Kings 431.7 -3.1 Henkel India 38.4 -5.0
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Excel Info Mansukh Securities BUY 0.54% 37.5
NDTV Merril Lynch Capital Markets BUY 7.92% 76.6
NDTV Goldman Sachs Investments SELL 7.92% 76.6
NDTV Nomura Mauritius BUY 6.25% 76.6
Texmo Pipes BP Fintrade Pvt Ltd. SELL 0.63% 50.8
BSE
Excel Info A K G Securities and Consultancy SELL 0.58% 37.4
Fineotex Ch Trans Fiscal Pvt Ltd. BUY 1.10% 223.0
Lovable Crosseas Capital SELL 2.41% 290.9
Coral Hub IFCI Ltd SELL 0.70% 7.9
Pro Fin Cap ProFin Lease and Investments SELL 0.57% 19.0