The Indian stock markets declined on February 8, 2011 with the BSE Sensex closing down 1.45% at 17,776 and the NSE Nifty falling 1.55% to 5,313. Most sectoral indices also ended in negative territory, with realty, power and PSU stocks witnessing sharp losses. Globally, US markets rose with the Dow gaining 0.59% while most Asian markets opened marginally higher. Corporate earnings news was mixed with some companies such as Power Grid, Adani Power and Mastek reporting higher profits while others such as Punj Lloyd posted losses.

1. February 9, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 8-Feb 7-Feb % Change COMMENTARY
BSE Sensex 17,776 18,037 (1.45) INDIA
NSE Nifty 5,313 5,396 (1.55) The bear onslaught continued on Tuesday, as any good news hardly keeps the buying momentum going. It
BSE Midcap 6,538 6,700 (2.42) was sea of red on Dalal Street, the NSE Nifty ended below the 5400 levels for the third straight trading
BSE Smallcap 7,995 8,262 (3.22) session while the BSE Sensex closed below the 18000 levels on the back of relentless selling throughout the
Nifty Junior 10,453 10,688 (2.20) day. However, the Nifty somehow managed to close above the 5300 levels.
CNX Midcap 7,505 7,692 (2.43) After opening with smart gains, the benchmark indices completely gave away everything led by selling
seen in the Realty, Auto, Banking and the Oil & Gas stocks. Even the Mid-Cap and the Small-Cap stocks
witnessed heavy offloading.The BSE Sensex lost 261 points to close at 17,776 and the NSE Nifty fell 83
points to end at 5,313.The broader market space outperformed on the way down; the midcap index ended
GLOBAL MARKETS 8-Feb 7-Feb % Change at 6538, weaker by 161 points or 2.4% and the BSE Smallcap index shut shop at 7995, down 265 points or
Dow Jones Ind (USA) 12,233 12,162 0.59 3.22%.
Nasdaq Composite(USA) 2,797 2,784 0.47 The market breadth was weak, with the losers outnumbering the gainers in the ratio of 4:1. Out of 2986
S&P 500 (USA) 1,324 1,319 0.38 stocks traded on the BSE, there were 551 advancing stocks as against 2299 declines
FTSE 100 (UK) 6,057 6,044 0.22
DAX (Germany) 7,304 7,284 0.28
Nikkei 225 (Tokyo) 10,636 10,592 0.42 GLOBAL MARKETS.
Hang Seng (Hong Kong)* 23,484 23,554 (0.30) U.S. stocks rose, giving the Dow Jones Industrial Average the longest winning streak since July, as retail
sales rebounded and as McDonald’s Corp. rallied after reporting higher-than-estimated monthly
Shanghai Comp (China)* 2,799 2,799 0.00
results.McDonald’s jumped 2.6 percent. J.C. Penney Co. and Macy’s Inc. gained at least 3.2 percent as the
KOSPI (South Korea)* 2,070 2,081 (0.57) International Council of Shopping Centers said weekly retail sales snapped four straight declines. The Dow
STI (Singapore)* 3,185 3,192 (0.21) climbed 0.6 percent, to 12,233 rising for a seventh day and jumping to the highest level since June
MSCI Emerging Market 428 428 0.07 16, 2008. The S&P 500 added 0.47 percent to 1,324, also the highest since June 2008
MSCI Frontier Market 602 598 0.67
The Asian markets have opend up on a soft note Nikkei and Hang Seng both are up by 0.30 percent.
BOND MARKETS 8-Feb 7-Feb Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.22 8.24 (0.02) Power Grid Corporation of India Ltd has posted a profit after tax of Rs. 5911.90 mn for the quarter ended
1yr G-Sec Yield 7.59 7.59 0.00 December 31, 2010 as compared to Rs. 4878.40 mn for the quarter ended December 31, 2009.
LIBOR (6m) 0.46 0.46 0.00 Total Income has increased from Rs. 17652.70 mn for the quarter ended December 31, 2009 to Rs. 21452.30
LIBOR (1m) 0.26 0.26 0.00 mn for the quarter ended December 31, 2010.
Interbank Call rate 6.6 6.3 0.39
Adani Power reported a whopping 51% jump in its net profit at Rs 109.1 crore for the quarter ended
December 31, 2010, over the same period a year ago.The company reported a net profit of Rs 72.4 crore in
the corresponding quarter of the previous financial year.
BSE Turnover Rs Cr('000) Sensex
18600 4.0 Fast-food chain operator Jubilant Foodworks Ltd, which runs the Dominos Pizza chain in India, said it
3.5 hopes to announce a tie-up with a global food retailer in FY12.
18400
3.0
18200 2.5 Sun TV Network has informed the Bombay Stock Exchange that it is increasing advertisement rates by 8-
18000 2.0 32%t. The new rates will be effective April 1, 2011. Sun TV is increasing rates on the back of sustained
viewership and consistent ratings for its serials.
17800 1.5
1.0
17600 Hotel operator EIH, which runs Trident and Oberoi chains, expects occupancy levels in February to range in
0.5 the "high nineties" (90%) due to a likely demand boom from corporates and on the cricket World Cup.
17400 0.0
2-Feb 3-Feb 4-Feb 7-Feb 8-Feb Mundra Port and Special Economic Zone posted a 39.94% jump in net profit to Rs 228.46 crore for the
quarter ended December 31, 2010.The company had reported a net profit of Rs 163.25 crore for the
October-December quarter last fiscal.
NSE Turnover Rs Cr('000) Nifty Fortis Healthcare reported a 58.69% jump in net profit for the third quarter ended December 31, 2010, to
5550 16 Rs 34.5 crore.The company had posted a net profit of Rs 21.74 crore for the October-December quarter last
5500 14 fiscal.
5450 12
88.38 10
#DIV/0! Allcargo Global Logistics Ltd reported its Q3FY11 results where its Consolidated Net Sales (Income from
5400
8 Operations) for the fourth quarter ended December 31st 2010 rose to Rs. 70,375 Lakh, registering an
5350
6 increase of 26% over the corresponding period of last year.
5300 4
5250 2 Tata Steel is all set for another round of fund raising. Sources indicate that the steel giant is looking to raise
5200 0 about USD 500 million for long term capex plans and to reduce debt.
2-Feb 3-Feb 4-Feb 7-Feb 8-Feb
Electrical and communication cables maker Finolex Cables reported a 2.13 per cent jump in net profit at Rs
26.1 crore for the third quarter ended December 31, 2010, over the same period a year ago year ag
`

2. February 9, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 8-Feb 7-Feb % Change CORPORATE NEWS
It 6,263 6,270 (0.10)
Lanco Infratech is readying to take over operations Australian Griffen Coal mines in
Teck 3,681 3,694 (0.34) March, but will not bid for the coal mine assets of Hancock Prospecting.
Fmcg 3,232 3,260 (0.86)
Hc 5,902 5,980 (1.30) Telecom major Bharti airtel said that it has partnered with Savvis to strengthen its
Power 2,616 2,667 (1.88) managed services offerings to enterprises in India.
Psu 8,485 8,649 (1.90)
Cg 12,707 12,955 (1.91) Cadila Healthcare has informed the National Stock Exchange that credit rating
Metal 15,880 16,196 (1.95) agency, CRISIL, has assigned a 'AA+/Stable' rating for the company's Rs 250 crores non-
(2.06) convertible debenture (NCD).
Oil&Gas 9,299 9,494
Bankex 11,530 11,799 (2.28)
Software services provider Mastek is scouting for acquisitions worth $10-$30 million in
Auto 8,350 8,582 (2.70) insurance vertical, its chief financial officer said on Tuesday.
Realty 2,167 2,236 (3.08) Insuarance business accounts for 44-45% of Mastek's overall revenue.
Cd 5,605 5,827 (3.81)
Hindustan Construction Company (HCC) has been awarded a contract worth Rs
232.07 crore by Kanti Bijlee Utpadan Nigam Limited, a joint venture company of
National Thermal Power Corporation (NTPC) and Bihar State Electricity Board (BSEB).
Engineering firm Punj Lloyd reported a net loss of Rs 62.13 crore for the quarter ended
December 31, 2010.The company had posted a net profit of Rs 12.48 crore in the
BSE Upper Circuit Breakers October-December quarter last fiscal.
Company Name 8-Feb 7-Feb % Change
Rasi Electrodes 23.7 19.8 20.00 India’s largest private sector bank, ICICI Bank, and Aircel announced a joint initiative to
AGS Infotech 52.5 50.0 5.00 drive financial inclusion in the country. Under the memorandum of understanding
Venmax Drugs 10.5 10.0 5.00 (MoU), the partnership will offer various financial products including savings
Polytex India 114.7 109.3 5.00 accounts, prepaid instruments and credit products.
0
Symphony 1064.3 1013.7 5.00
Mangalore Refinery and Petrochemical (MRPL) reported 21% jump in net profit for
the quarter ended December 31 on higher refining margin.Net profit in the October-
December quarter was Rs 313.76 crore as compared to Rs 259.54 crore in the same
period a year ago.
Electrical and communication cables maker Finolex Cables reported a 2.13% jump in
BSE Lower Circuit Breakers net profit at Rs 26.1 crore for the third quarter ended December 31, 2010, over the same
Company Name 8-Feb 7-Feb % Change period a year ago.The company had a net profit of Rs 12.2 crore in the corresponding
DEN Networks 113.1 141.3 (20.00) period last year.
Allied Digital 92.1 102.3 (10.00)
Vertex Securities 109.3 115.1 (5.00) Monnet Ispat & Energy reported a marginal 3.19% rise in its third quarter net profit to
Rs 70.18 crore even as sales dipped due low price of both steel and power during the
Centrum Capital 1047.9 1103.0 (5.00)
quarter.The company had reported a Rs 68.01 crore net profit in the October-December
KGN Industries 167.3 176.1 (5.00) quarter of the last fiscal on net sales of Rs 372.19 crore.
Drug firm AstraZeneca Pharma India said that its net profit rose by 28.26% to Rs 28.32
crore for the quarter ended December 31, 2010 from the same quarter last fiscal.The
company had posted a net profit of Rs 22.08 crore in the same quarter previous fiscal.
Monnet Power Company, an arm of Monnet Ispat and Energy, plans to invest about
Rs 3,300 crore for increasing power generation capacity of its plant being built at Angul
in Orissa
COMMODITY 8-Feb 7-Feb % Change COMMODITY / CURRENCY NEWS
Crude Oil (USD/bbl) 87.0 87.9 (1.07)
Gold (Rs/10gm) 20,315.0 20,155.0 0.79
Silver (Rs/kg) 45,073.0 44,528.0 1.22 Light Sweet Crude Oil on Tuesday lost 1.20% closing at $87 per barrel. Gold closed up by
0.79% at Rs 20,315 and Silver closed up by 1.22% at Rs. 45,073.
CURRENCY 8-Feb 7-Feb % Change The Indian Rupee closed higer against the dollar at 45.24 as the Indian equity benchmarks
INR / USD 45.24 45.49 (0.55) ended on negative note.
USD / Euro 1.36 1.35 0.74
Yen / USD 82.07 82.39 (0.39)

3. February 9, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
OIL 1301.3 1,312.2 0.84 ArcelorMittal, the largest steel maker of the world, today reported $780 million net
BEML 675.3 680.8 0.81 loss in the last quarter of 2010 against $1,109 million net profit in the year-ago
BALRAMCHIN 69.3 69.8 0.79 period.Net sales, however, rose to $20,699 million vis-a-vis $17,434 million in the
STERLINBIO 100.1 100.8 0.75 October-December quarter of the last year.
COREPROTEC 277.0 279.1 0.74
SKUMARSYNF 62.0 62.4 0.73 Toyota Motor Corp reported a 47.6% drop in quarterly profit, hit by tanking
NATIONALUM 418.1 403.3 (3.55) Japanese car sales and a firm yen, highlighting its damaging exposure to the loss-
making export business.For the full year to March 31, the world's biggest automaker
SCI 113.4 111.0 (2.16)
lifted its cautious annual operating profit forecast to 550 billion yen ($6.68 billion)
DLF 239.3 234.9 (1.84) from 380 billion yen, after its nine-month profit exceeded the original figure.
RECLTD 261.5 259.1 (0.90)
ESCORTS 110.1 109.2 (0.86) China Central Bank has increased its deposit, lending rates by 25 basis points each.
COLPAL 812.6 806.0 (0.81)
INSTITUTIONAL ACTIVITY (Rs Cr) 2-Feb 1-Feb YTD
FII Cash Net (46) (453) (4,608)
FII Stock Futures (78) 294 (49)
FII Index Futures (814) (923) (5,358)
Mutual Fund 873 730 856
VALUATIONS P/E P/B DIV YLD
BSE 19.5 3.4 1.2
NSE 20.4 3.4 1.2
BSE500 Mcap/GDP Ratio 0.57
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Bajaj Auto 1,238.30 1.69 Nava Bharat Vent 267.35 6.2 SYMPHONY 1064.3 5
Tata Power 1,211.55 1.47 Fortis Health 147.4 5.32 Gokul Refoils 98.7 4.89
Cipla 317.25 0.83 Prestige Estates 131 4.63 Asian Star 1108.2 4.14
Hindalco Inds 234.15 0.82 Mahindra Lifesp 329.2 3.49 Kiri Dyes 333 4.14
Infosys 3,096.60 0.24 IPCA Lab 284.55 2.84 Asian Hotels (West) 219 4.04
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Mahindra & Mahindra 628.65 -5.97 DEN NETWORK 113.05 -19.96 Dion Global Sol 43.65 -14.16
ONGC 281.80 -5.58 IRB Infra 161.25 -13.59 EVERONN 482.5 -13.47
Jaiprakash Asso 81.00 -5.21 Punj Lloyd 78.15 -10.84 UB Engineering 97.9 -13.4
Reliance Comm 110.70 -4.2 Sterlite Tech 47 -10.73 GLOBUS SPR 118.15 -11.89
Hero Honda 1,513.15 -4.06 BEML 680.25 -10.59 Texmaco 37.9 -10.4
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Nu Tek India Trans Financial Resources Ltd BUY 3.23% 17.6
Emami Infrastructure Crosseas Capital Services Pvt. Ltd. BUY 2.45% 47.6
Kalindee Rail Nirman (Eng Crosseas Capital Services Pvt. Ltd. BUY 3.60% 197.5
Subex Manish Vrajlal Sarvaiya SELL 1.23% 84.0
Fiem Industries Fiem Industries Limited SELL 2.57% 176.0
BSE
Vivimed Labs Niraj Rajnikant Shah BUY 4.54% 304.0
Gravita India Crosseas Capital Services BUY 1.50% 266.1
Everonn H P Share Shoppe BUY 2.34% 693.5
XPRO India Chander Kanta SELL 2.30% 70.3
Suryajyoti Spi Dinesh Shah SELL 1.22% 51.0