On December 8, 2010, the Indian stock market remained subdued, with major indices such as the BSE Sensex and NSE Nifty experiencing minor declines due to indecisive global cues. The banking sector faced pressure following concerns raised by the RBI regarding lender margins, contributing to a negative market breadth. In corporate news, firms like United Spirits and ONGC announced significant developments, while a report predicted substantial growth in India's food retail sector.

1. Volume: 1 | Issue: 413| December 8, 2010
COMMENTARY INDIAN MARKET 7-Dec 6-Dec % Change
INDIA BSE Sensex 19,935 19,981 (0.23)
For the second straight day, the Indian market remained more or less subdued, with the two key NSE Nifty 5,977 5,992 (0.26)
indices drifting lower at the end of a fairly listless session.The Indian market started out on a BSE Midcap 7,772 7,854 (1.04)
lackluster note owing to indecisive global cues and lack of domestic triggers. The indices then BSE Smallcap 9,605 9,771 (1.70)
retreated in late morning and early afternoon trade before rebounding from the lows of the Nifty Junior 12,249 12,405 (1.26)
day.Banking stocks were once again singled out for some rough treatment amid concerns about CNX Midcap 8,840 8,959 (1.33)
margins after the RBI Governor reportedly asked lenders to cut NIMs and SBI hiked deposit rates
without a commensurate increase in the lending rates. The BSE Sensex closed at 19,934, down 46
points over the previous close.On the other hand, the NSE Nifty lost ~16 points to end at 5,977.The
BSE mid-cap and small-cap indices were down 1% and 1.7% each.. GLOBAL MARKETS 7-Dec 6-Dec % Change
Dow Jones Ind (USA) 11,359 11,362 (0.02)
Market breadth was negative 2037 stocks which declined for 881 stocks which advanced. Nasdaq Composite(USA) 2,598 2,594 0.17
S&P 500 (USA) 1,224 1,223 0.06
FTSE 100 (UK) 5,808 5,770 0.66
GLOBAL MARKETS DAX (Germany) 7,002 6,954 0.69
Stocks eked out a small gain on Tuesday as investors' enthusiasm over a tax cut extension deal was Nikkei 225 (Tokyo) 10,141 10,167 (0.26)
short-circuited by rising bond yields and reports regulators were stepping up an insider-trading
Hang Seng (Hong Kong) 23,428 23,238 0.82
probe.But the rally fizzled late as the yield on the 10-year note hit its highest level since June and
debt prices fell sharply.The Dow Jones industrial average dropped 0.02 percent, to 11,359. The Shanghai Comp (China) 2,876 2,857 0.65
Standard & Poor's 500 Index added,0.06 percent, to 1,224. The Nasdaq Composite Index gained 0.17 KOSPI (South Korea) 1,962 1,953 0.46
percent, to 2,598. STI (Singapore) 3,192 3,181 0.33
MSCI Emerging Market 429 427 0.37
The Asian markets have open up on mixed note.Nikkei 225 is up by 0.65%,Hang Seng is down by MSCI Frontier Market 583 583 (0.02)
0.28%.
CORPORATE/ ECONOMY NEWS BOND MARKETS 7-Dec 6-Dec Change
Liquor manufacturer United Spirits Limited (USL) said that it has got the Appellate Authority for 10yr G-Sec Yield 8.09 8.11 (0.02)
Industrial and Financial Reconstruction's (AAIFR) nod for the merger of Balaji Distilleries (BDL) with 1yr G-Sec Yield 7.27 7.27 0.00
itself. LIBOR (6m) 0.45 0.45 0.00
LIBOR (1m) 0.26 0.26 0.00
Ajay Piramal is set to exit from realty-focused venture capital fund Indireit Fund Advisors by selling Interbank Call rate 6.7 6.6 0.07
his entire 85 per cent stake to financial services firm Religare Enterprises for Rs 212 crore.
Bafna Pharmaceuticals said that it will raise nearly Rs 18 crore via issue of shares and warrants on BSE Turnover Rs Cr('000) Sensex
preferential basis to promoters and other strategic investors. 20050 5.0
20000 4.0
The board of state-owned Oil and Natural Gas Corporation (ONGC) will meet on December 16 to
consider issuing a special dividend to its shareholders, a stock split and a bonus issue. 19950
3.0
19900
Sugar-maker Bajaj Hindusthan announced that it pledged a 9.6 per cent stake to IL&FS Trust 2.0
Company and Kotak Mahindra Prime Ltd at the end of last month. 19850
19800 1.0
State-run Hindustan Copper will utilise the proceeds from its follow-on public offer mainly for
ramping up its production to 12 million tonne per annum (MTPA) from current 3.15 MTPA by 2017. 19750 0.0
1-Dec 2-Dec 3-Dec 6-Dec 7-Dec
Leading rice miller Usher Agro Ltd said that its QIP issue closed on Tuesday and it has decided to
allot it at a price of Rs 92.62, including a premium of Rs 82.62.
GlaxoSmithKline, Britain's biggest drugmaker, is to buy Chinese urology and allergy treatments NSE Turnover Rs Cr('000) Nifty
specialist Nanjing MeiRui Pharma for around $70 million, underscoring its continued drive into 6020 18
emerging markets. 6010 16
6000 14
Jyoti Structures plans to set up a base for manufacture of lattice steel towers in the United States of 5990 12
5980 10
America . The company will be investing upto $12 million, in one or more companies for the 5970 8
purpose. 5960 6
5950 4
Packaging firm Uflex Ltd's CMD Ashok Chaturvedi was sentenced to four-year imprisonment by a 5940 2
special CBI court in the case of large-scale bungling in allotment of Noida Development Authority 5930 0
plots. 1-Dec 2-Dec 3-Dec 6-Dec 7-Dec
`
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

2. Volume: 1 | Issue: 413| December 8, 2010
CORPORATE NEWS SECTOR 7-Dec 6-Dec % Change
EIH Associated Hotels (EIHAH) has said that Jupiter India Fund has bought an additional 2.01 per Oil&Gas 10,506 10,411 0.91
cent stake in the hospitality firm for Rs 9.03 crore through an open market purchase. Metal 16,677 16,562 0.69
Jupiter India Fund has bought 3.93 lakh shares of EIHAH, upping its stake to 8.29 per cent from the IT 6,286 6,267 0.31
current 6.28 per cent. Power 2,938 2,929 0.29
Healthcare 6,722 6,703 0.28
Engineering and construction major, Larsen & Toubro, has said that the first energy-efficient Teck 3,794 3,784 0.27
equipment manufactured by the company for Jaypee Group’s thermal power project would be Capital Goods 15,464 15,451 0.08
commissioned in 2013.
Auto 10,333 10,325 0.08
Welspun Corp Ltd, the second largest line pipe company in the world, has won new pipe and Consumer Durables 6,339 6,364 (0.39)
plate orders worth Rs 1,670 crore (about 277 KMT for pipes and 57 KMT for plates) substantially FMCG 3,567 3,583 (0.46)
from international markets. PSU 9,437 9,502 (0.68)
Realty 2,913 2,940 (0.93)
State-owned National Aluminium Company Ltd (Nalco) is scouting for mineral Bankex 13,339 13,733 (2.86)
assets, particularly bauxite, copper, coal and uranium, in overseas countries, including
Chile, Namibia and Indonesia.
RPG Group company, CESC Ltd said that the company and its subsidiaries would raise around Rs
1,200 crore in equity to bridge the gap in financing to execute new proposed power projects worth
Rs 35,000 crore in the next five years.
BSE Upper Circuit Breakers
Health insurer Max Bupa said that it would invest over Rs 450 crore in the next four years to Company Name 7-Dec 6-Dec % Change
expand its business. Nile 108.0 90.0 20.00
Fenoplast 51.1 42.6 20.00
RPG group company CESC Ltd announced its foray into hydel power generation in Arunachal Ensa Steel 22.4 20.3 10.00
Pradesh by constructing a 90-MW hydel power project at a cost of Rs 630 crore.The company had 0 Amit International 5.5 5.2 5.00
signed an MoU with the Arunachal Pradesh government for construction of the 90-MW Jarong Thakkers Developers 44.1 42.0 5.00
Hydro Electricity project in West Siang district, which is expected to be commissioned in 2015-16.
Packaging material maker Jindal Poly Films said that it will invest around Rs 600-700 crore to put
up its second manufacturing plant near the existing facility at Nashik in Maharashtra.
Zee Entertainment has announced the launch of a 24-hour food channel called 'Zee Khana
Khazana'. The channel, which will be the country's first food channel, will go on air on December BSE Lower Circuit Breakers
8, 2010. Company Name 7-Dec 6-Dec % Change
Midfield Industries 254.4 318.0 (20.00)
Manappuram General Finance and Leasing Ltd (MAGFIL) has reported a quantum jump in its Parekh Aluminex (10.00)
296.9 329.8
gold loan business to cross the Rs 6,000-crore mark.
Money Matters 240.0 252.6 (5.00)
Vodafone Essar, one of India;s leading cellular service providers has signed contract with Mansi Finance 30.2 31.8 (5.00)
Wipro.Ltd.As a part of this strategic engagement, Wipro will support vodafone Essar with its fixed Centrum Capital 2018.8 2125.0 (5.00)
line telecom services for entreprise business customers.
Tata Realty is planning to acquire commercial office space owned by Kotak Reality Fund in Malad
for Rs550 crore.
Subex said it won a contract for deploying a revenue operations centre for fraud management at
Africa-focused Atlantique Telecom.
NIIT Limited has signed an authorized reseller agreement with Salesforce.com, the enterprise
cloud computing company and leader in customer relationship management.
COMMODITY / CURRENCY NEWS COMMODITY 7-Dec 6-Dec % Change
Crude Oil (USD/bbl) 88.0 89.0 (1.09)
Gold (Rs/10gm) 20,653.0 20,817.0 (0.79)
Crude oil closed down by 1.09% at $88 per barrel. Gold closed down by 0.79% at Rs 20,653 and Silver
Silver (Rs/kg) 44,510.0 44,480.0 0.07
closed up by 0.07 % at Rs. 44,510.
The Indian Rupee closed higher against the dollar at 44.64 as the Indian equity benchmarks ended on CURRENCY 7-Dec 6-Dec % Change
a negative note. INR / USD 44.64 44.94 (0.67)
USD / Euro 1.32 1.32 -
Yen / USD 83.66 82.69 1.17
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.

3. Volume: 1 | Issue: 413| December 8, 2010
ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
Global audit and advisory firm KPMG has predicted that the USD 70bn food retail Moser Bear 55.1 55.7 1.18
industry will more than double to USD 150bn by 2025. Apollo Tyre 66.3 67.05 1.13
Dish tv 71.5 72.3 1.12
India's net direct tax receipts, including corporate and personal income tax, rose Alok Textile 27.2 27.5 1.10
17.85 per cent year on year during April-November period in the current fiscal HDIL 201.1 203.25 1.09
ending March.Net direct tax receipts touched Rs 2.17 lakh crore in the first eigth Balramchin 78.2 79.05 1.09
months of the fiscal, crossing 50 per cent of the government's target of Rs 4.3 lakh ONGC 1338.0 1321.1 (1.26)
crore for 2010/11.Corporate tax receipts were up 22.3 per cent in the first eight SCI 143.7 142.7 (0.70)
months of the current fiscal to Rs 1.38 lakh crore, while personal income tax rose NMDC 257.4 256.5 (0.37)
10.7 per cent to Rs 77,770 crore agains the same period a year ago.
Concor 1270.7 1267.1 (0.28)
NABARD has entered into an agreement with the Andhra Pradesh Mahesh Co- PNB 1197.0 1195.1 (0.16)
operative Urban Bank Ltd for providing refinance for Agricultural and Rural Areva T&D 320.7 320.3 (0.14)
Development activities in the state.
INSTITUTIONAL ACTIVITY (Rs Cr) 25-Nov 24-Nov YTD
Overcoming the impact of global economic recession, Indian economy is poised to FII Cash Net (532) 1,775 127,486
achieve nine per cent growth in the current financial year itself driven by robust FII Stock Futures 535 258 (14,489)
performance of agriculture and industry sectors. FII Index Futures (678) (482) (16,588)
Mutual Fund 235 (408) (29,863)
In its mid-year analysis of Indian economy, the government said high
inflation, which was a major concern, has started declining and hoped that it may VALUATIONS P/E P/B DIV YLD
fall to six per cent by March, 2011 from over eight per cent now.
BSE 23.0 3.7 1.1
NSE 23.9 3.8 1.0
BSE500 Mcap/GDP Ratio 0.65
MOVERS & SHAKERS
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Hindalco Inds 226.85 2.51 Amtek Auto 128.15 8.28 Hexaware Tech 100.1 13.88
NTPC 191.25 2.22 Pfizer 1125 4.28 SPICEMOBIL 117.65 9.85
Maruti Suzuki 1432.4 1.61 S Kumar Nation 88.15 3.95 Graviss Hospitality 30.9 8.04
ONGC 1337.7 1.17 Jain Irrigation 238.95 3.67 Genesys Intl 293.55 7.14
Bajaj Auto 1605.15 1.11 Coromandel Intl 584.55 3.6 Karuturi Glob 22.05 6.78
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
ICICI Bank 1110.3 -3.5 Allahabad Bank 219.3 -6.78 SVC RES 185.45 -20
SBI 2865.4 -2.96 IRB Infra 210.2 -6.12 Midfield Industries 254.4 -19.99
DLF 299.05 -2.95 Manappuram Gen 144.8 -5.82 Uflex 194.95 -19.99
Jaiprakash Asso 107.35 -1.96 United Bank 111.3 -5.6 Comfort Intech 8.17 -19.9
Tata Motors 1331.9 -1.96 Emami 403.75 -5.22 Parekh Alum 296.85 -9.99
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
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
BSE
ABG Shipyard ABG International BUY 1.68% 380
Camlin Kent Resorts BUY 1.23% 43.0
Midfield Industries Anandita Securities BUY 1.05% 430.8
XL Telecom Goldman Sachs Investments SELL 1.20% 31.05
RCL FOODS Padma V SELL 1.35% 38.78
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.