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Oct 18, 2011


Volume: 1 | Issue: 389| November 1, 2010

INDIAN MARKET *                               17-Oct       14-Oct         % Change     COMMENTARY
BSE Sensex                                    17,025       17,083             (0.34)
                                                                                       INDIA
NSE Nifty                                      5,118        5,132             (0.27)   The Indian markets ended the day with modest losses, starting off the week on a consolidation mode
BSE Midcap                                     6,189        6,190             (0.01)   following last week's stellar gains. The benchmark indices were rather subdued despite a strong rally in Asian
BSE Smallcap                                   6,923        6,908              0.22    and European markets. After opening with smart gains, the key Indian equity indices were unable to hold on
Nifty Junior                                   9,904        9,895              0.09    to the early gains on the back of selling pressure in Oil & Gas, Capital Goods, Power and Telecom stocks. The
CNX Midcap                                     7,140        7,136              0.05    advance-decline ratio was negative as small-Cap and mid-Cap shares too were inactive. Shares of Reliance
                                                                                       Industries lost 4%, after its quarterly earnings failed to impress the markets, and on news reports that it will
                                                                                       halt drilling because of a review on the internal valuations of its exploration activity by the government.
GLOBAL MARKETS                                 17-Oct      14-Oct         % Change     Finally, the BSE Sensex ended at 17,025, down 58 points. It had earlier touched a day's high of 17,188 and a
Dow Jones Ind (USA)                            11,397      11,644             (2.13)   day's low of 16,928 after opening at 17,176. The NSE Nifty closed at 5,118, down 14 points.
                                                                                       The market breadth was weak. Out of 2,873 stocks traded on the BSE, there were 1,311 advancing stocks as
Nasdaq Composite(USA)                           2,615       2,668             (1.99)
                                                                                       against 1,446 declines.
S&P 500 (USA)                                   1,201       1,224             (1.91)   GLOBAL MARKETS
FTSE 100 (UK)                                   5,437       5,466             (0.54)   Global stocks and the euro fell, retreating after their best weekly gains in more than two years, as Germany
DAX (Germany)                                   5,859       5,967             (1.81)   damped expectations for a fast resolution to Europe’s debt crisis and a report showed New York-area
Nikkei 225 (Tokyo)                              8,880       8,748              1.50    manufacturing shrank more than forecast. Equities and the euro headed lower as Steffen Seibert, German
Hang Seng (Hong Kong)                          18,874      18,501              2.01    Chancellor Angela Merkel’s chief spokesman, said European Union leaders won’t provide the quick ending to
Shanghai Comp (China)                           2,440       2,432              0.36    the debt crisis that global policy makers are pushing for at an Oct 23 summit. The Standard & Poor’s 500
KOSPI (South Korea)                             1,865       1,835              1.62    Index slid 1.9 percent to 1,201.
STI (Singapore)                                 2,779       2,744              1.26    Asian stocks fell from a one-month high, the won weakened and copper led metals lower after Germany
MSCI Emerging Market                              365         361              1.11    doused expectations of a solution to Europe’s debt crisis this year and China’s economy grew at the slowest
                                                                                       pace in two years. Stocks and metals extended losses after China’s gross domestic product expanded 9.1
MSCI Frontier Market                              481         479              0.42
                                                                                       percent last quarter, trailing the 9.3 percent forecast. Nikkei is trading down 1.5 percent, Hang Seng is down
                                                                                       3.2 percent and Strait Times is down 1.7 percent. SGX Nifty is trading down 53 points, at 5,068 indicating a
                                                                                       gap-down opening.
BOND MARKETS                                   17-Oct      14-Oct           Change
10yr G-Sec Yield                                 8.75        8.77             (0.02)   CORPORATE/ ECONOMY NEWS
1yr G-Sec Yield                                  8.51        8.51              0.00    Mortgage lender HDFC Ltd posted a 20% rise in net profit for the quarter-ended September led by
LIBOR (6m)                                       0.21        0.21              0.00    higher income from operations and profit on sale of investments. HDFC said its net profit increased to
LIBOR (1m)                                       0.16        0.15              0.01    Rs 971 crore from Rs 808 crore a year ago. Income from operations rose to Rs 4,077 crore from Rs 2,907
Interbank Call rate                              8.29        8.29              0.00    crore in the year-ago period. Profit from sale of investments stood at Rs 86.8 crore while its net interest
                                                                                       margin for the September quarter was at 4.3%. HDFC competes with India's top commercial bank State
                                                                                       Bank of India, No. 2 ICICI Bank and a host of other banks and financial institutions for a bigger share of
                                                                                       the mortgage loan market.
                            BSE Turnover Rs Cr('000)         Sensex

  17200                                                                          3.0   Energy major Reliance Industries (RIL) will suspend oil and gas drilling pending an internal valuation of
  17100                                                                                its exploration and production strategy, a newspaper reported on Monday citing sources briefed by the
  17000                                                                          2.5   company. The firm, India's most valuable company by market capitalisation, has seen its growth outlook
  16900                                                                          2.0   and market value hit hard this year by falling gas output from its huge gas fields off the east coast.
  16800
  16700                                                                          1.5
  16600                                                                                State-run MOIL said its proposed joint ventures with Steel Authority of India (SAIL) and Rashtriya
  16500                                                                          1.0   Ispat Nigam (RINL) for setting up facilities to make ferro alloy in Chhattisgarh and Andhra Pradesh are
  16400                                                                          0.5   likely to be operational in the next fiscal.An Environment Ministry panel in August has already given the
  16300                                                                                green nod to MOIL's proposed Rs 400-crore joint venture with SAIL for setting up 1.06 lakh tonne per
  16200                                                                          0.0   annum ferro alloy manufacturing facility in Chhattisgarh. The firm, the largest domestic manganese
            11-Oct          12-Oct            13-Oct     14-Oct       17-Oct           producer, had separately signed MoUs with SAIL and RINL to set up the two facilities making ferro
                                                                                       alloy, used in steel making for de-oxidising purposes.

                                                                                       Anil Ambani group firm Reliance Power said it paid over Rs 1,474 crore to redeem overseas bonds. The
                      NSE Turnover Rs Cr('000)                    Nifty                company has paid the principal amount of $299.90 million corresponding to Rs 1,474.93 crore due on
  5150                                                                          14     foreign currency convertible bonds (FCCBs).
  5100                                                                          12
                                                                                10     Oil and Natural Gas Corporation (ONGC) is ready to supply gas to two upcoming thermal power
  5050                                           88.38                   #DIV/0!       projects in the North-East -- its own plant at Palatana, in South Tripura district, and NEEPCO's Monarchak
                                                                                8
  5000                                                                                 unit, in West Tripura district -- official sources said on 17th October. As per the schedule, the first phase
                                                                                6      of the 726-MW Palatana power project being implemented by ONGC Tripura Power Company Ltd
  4950                                                                          4      (OTPCL) -- a special purpose vehicle between ONGC, the Tripura government and IL&FS -- will be
  4900                                                                          2      operational by February next year, though it was supposed to come onstream by the end of this year.
  4850                                                                          0
           11-Oct          12-Oct             13-Oct     14-Oct       17-Oct
Oct 18, 2011



 Volume: 1 | Issue: 389| November 1, 2010

SECTOR                             17-Oct    14-Oct    % Change     CORPORATE NEWS
AUTO                                8,989     8,849        1.58%    SKIL Group's flagship company Pipavav Defence and Offshore Engineering said there
CD                                  6,805     6,704        1.50%    was no disruption of any kind at its production units due to Income-Tax officials visiting
BANKEX                             11,131    11,065        0.60%    the firm's premises last week for verification of certain issues.
REALTY                              1,836     1,827        0.52%
FMCG                                3,999     3,992        0.19%    The strike at Maruti Suzuki India's (MSI) Manesar plant entered its 11th day, with
                                                          -0.11%    workers protesting outside the factory premises, but the company said it has resumed
METAL                              11,314    11,327
                                                                    partial production at the plant. The company also said production at its main plant at
HC                                  5,893     5,901       -0.14%
                                                                    Gurgaon has resumed after a two-day closure last week due to component supply
IT                                  5,670     5,699       -0.50%    constraints from Suzuki Powertrain India Ltd (SPIL).
TECk                                3,434     3,453       -0.55%
PSU                                 7,409     7,460       -0.69%    Diversified conglomerate Future Group announced its entry into the rural wholesale and
POWER                               2,143     2,169       -1.18%    distribution business with the opening of its first 'Aadhaar Wholesale' store in Gujarat.
CG                                 10,891    11,042       -1.37%    With plans to open 65 'Aadhaar Wholesale' stores across the country, Future Group has
OIL&GAS                             8,657     8,859       -2.29%    set up its first store at Kalol, Gujarat, through its subsidiary, Aadhaar Retailing, and
                                                                    another one will soon come up in Punjab. he company expects to develop an around Rs
                                                                    4,000 crore business through this format in the near future. The size of the rural consumer
                                                                    goods market is estimated to reach Rs 16,70,100 crore by 2015, according to estimates by
                                                                    consulting firm McKinsey.

                                                                    Trissur-based South Indian Bank's net profit for the quarter ended September 2011 rose
BSE Upper Circuit Breakers                                          more than 24% year-on-year to Rs 95 crore on the back of higher loan book growth. This
Company Name                       17-Oct    14-Oct    % Change     is the highest ever net profit the bank has recorded in a single quarter. Deposits too grew
Maharaja Shree                        523       436       20.00     at 32% to Rs 33,038. CASA (current account and savings account) rose nearly 18% to Rs
Vinyl Chemicals                      11.3        9.4      20.00     7,038 crore.
Sanraa Media                           0.1       0.1      10.00
                                                                    State-owned fuel retailers lost Rs 21,374 crore in the second quarter on selling
Suave Hotels                        196.1     178.3       10.00                   0
                                                                    diesel, domestic LPG and kerosene at government-controlled rates that are way below
ELECTROTHERM                        140.7     134.0        5.00     the cost of production. The three firms are losing Rs 7.06 per litre on diesel, Rs 25.90 per
                                                                    litre on kerosene sold through the public distribution system (PDS) and Rs 270.50 per
                                                                    14.2-kg LPG cylinder supplied to domestic households for cooking purposes. The
                                                                    statement said fuel retailers lost Rs 37,719 crore on selling diesel in the April-September
                                                                    period, Rs 13,361 crore on PDS kerosene and Rs 13,820 crore on domestic LPG. The fall in
                                                                    the value of the rupee against the dollar increases the cost of imported crude oil. India is
BSE Lower Circuit Breakers                                          dependent on imports to meet 79% of its oil needs.
Company Name                       17-Oct    14-Oct    % Change
                                                                    The country's largest two-wheeler maker Hero MotoCorp said it will soon start selling the
Bombay Oxygen                      7,220.1   7,600.0       (5.00)   first 'Hero' branded bike to be launched after the break-up of Hero Honda last year .
CNI Research                           2.7       2.8       (5.00)
Indus Finance Corp                    83.7      88.1       (5.00)   Jubilant Life Sciences plans to invest Rs 500 crore on capital expenditure activities in the
Arora Fibres                          20.0      21.1       (5.00)   current financial year as it looks to mop up an additional Rs 1,200 crore in revenues.
Binayak Tex                          464.3     488.7       (5.00)
                                                                    Tata Consultancy Services (TCS), India's largest software services exporter, reported a
                                                                    14.7-percent rise in quarterly net profit, marginally below estimates as uncertainty in the
                                                                    global economy weighed on new outsourcing orders. The company reported a 25.3% rise
                                                                    in revenue at Rs 11,633 crore, as per Indian Gaap versus Rs 9290 crore YoY. Q2 operating
                                                                    margins were at 27.1% versus 28.1% whereas Q2 net profit margin was at 21% versus
                                                                    22.9% YoY. Revenue growth in dollar terms was up 26% YoY; 4.7% QoQ. International
                                                                    business growth was up 6.2% sequentially.




COMMODITY                          17-Oct    14-Oct    % Change     COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl)             110       113        (2.02)
Gold (Rs/10gm)                     26,810    26,890        (0.30)   Brent Crude Oil ended lower by 2.02% at USD$110 per barrel. Gold ended lower by
                                                                    0.30% at Rs 26,810 and Silver closed lower by 1.25% at Rs 52,730.
Silver (Rs/kg)                     52,730    53,399        (1.25)


CURRENCY                           17-Oct    14-Oct    % Change     The Indian Rupee closed higher against the dollar at Rs 48.95 as the Indian equity
INR / USD                           48.95     49.01        (0.12)   benchmarks ended on a negative note.
USD / Euro                           1.37      1.39        (1.44)
Yen / USD                           77.22     76.86         0.47
Oct 18, 2011



 Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC                    Cash            Futures               P/D%      ECONOMY / POLICY / GLOBAL NEWS
S&P500                                1,184.5            1,208.3               2.01
                                                                                        Citigroup Inc reported higher third-quarter net income on Monday as the bank set aside
MCLEODRUSS                              251.3              254.3               1.19     less money to cover bad loans. Citigroup, the third-largest US bank by assets, reported
DJIA                                 11,355.0           11,485.0               1.14     net income of $3.8 billion, or $1.23 per share, up from $2.2 billion, or 72 cents per
LITL                                     15.3               15.5               0.98     share, a year ago.
VIDEOIND                                175.6              177.0               0.80
EDUCOMP                                 266.7              268.8               0.79     The Export-Import Bank of India (Exim Bank) has entered into an agreement with
MRPL                                     67.7               66.1              (2.44)    Senegal for extending a $27.5 million soft loan to finance exports and consultancy
MOSERBAER                                23.4               22.9              (2.35)    services for a rural electrification project in the African nation. The Line of Credit (LoC) is
BAJAJHIND                                38.3               37.4              (2.35)    effective from August 24 this year and the date of execution of the agreement is April
IDEA                                     97.4               95.7              (1.80)    21, the Reserve Bank said in a statement.
ABAN                                    405.4              400.0              (1.33)
DLF                                     236.5              233.9              (1.10)

INSTITUTIONAL ACTIVITY (Rs Cr)         7-Oct              5-Oct                 YTD
FII Cash Net                           491.2             -969.3                (448)
FII Stock Futures                     -34.61            -137.75               8,194
FII Index Futures                    1581.53              74.53              12,989
Mutual Fund                            184.1              103.7                 595

VALUATIONS                                  P/E               P/B           DIV YLD
BSE                                         17.7               3.2               1.6
NSE                                         17.6               3.1               1.6
BSE500 Mcap/GDP Ratio                       0.59

                                                                                 MOVERS & SHAKERS
                                                                                                                                                  4.91
TOP 5 FRONTLINE GAINERS                                              TOP 5 MIDCAP GAINERS                                    TOP 5 SMALLCAP GAINERS
                  Name                 Rs              %                       Name               Rs             %                         Name                    Rs           %
Tata Motors                            188             4.50          JPINFRATEC                 60.6            19.76        Maharaja Shree                       522.7        20.00
Maruti Suzuki                        1053.05           2.39          D B REALTY                 58.1            7.00         Emami Paper                          42.0         18.84
DLF                                  235.85            1.53          KEC Intl                   60.0            5.26         PRADIPOVERS                          76.0         15.85
Sterlite Inds                        120.85            1.51          D B CORP                   217.9           4.78         NIIT                                 49.9         14.33
Bajaj Auto                           1650.75           1.27          Infotech Enter             117.8           4.71         NIIT Tech                            239.5        13.51

TOP 5 FRONTLINE LOSERS                                               TOP 5 MIDCAP LOSERS                                     TOP 5 SMALLCAP LOSERS
         Name                          Rs              %                  Name                    Rs             %                         Name                    Rs           %
RIL                                  833.2            -3.88          Shri Ganesh Spi             7.1            -4.97        Ruchi Infra                          22.3        -10.64
NTPC                                 168.45           -2.63          VAARAD                     76.2            -4.93        Arss Infra Proj                      319.3        -8.54
Jaiprakash Asso                      72.15            -2.17          Network18 Media            60.7            -4.33        Fineotex Chem                        196.2        -7.97
BHEL                                 326.3            -2.11          Jindal Saw                 133.0           -4.14        Wire & Wireless                       8.8         -6.67
L&T                                  1379.9           -1.98          Anant Raj Inds             49.8            -3.77        Balaji Tele                          31.0         -6.64

                                                                                       BULK DEALS
SCRIP NAME                                         CLIENT NAME                                                                     TYPE                  QTY %                PRICE
NSE
Gitanjali Gems Limited             JAIWANTI MERCANTILES PRIVATE LIMITED                                                            BUY                    1.53%                   346.3
Hexaware Technologies Lim          ELDER VENTURE LLP                                                                               BUY                    2.53%                    74.7
Rushil Decor Limited               PRAKASHBHAI ISHWARBHAI RANA                                                                     BUY                    1.27%                   185.0
Gravita India Limited              CROSSEAS CAPITAL SERVICES PVT                                                                   SELL                   0.63%                   442.7
Savera Industries Ltd              MANOJ KUMAR GOEL                                                                                BUY                    1.23%                    40.5
BSE
Beryl Drugs                        GLOBALWORTH SECURITIES LIMITED                                                                  BUY                    0.80%                    12.8
Bloom Dekor                        SUNIL SITARAM GUPTA                                                                             BUY                    1.20%                    14.7
Eastern Sugar                      INDO AUSTRO CORPORATION PVT LTD                                                                 SELL                   1.52%                    17.3
Gemstone Invest                    KIRAN BHIKU BHANAES                                                                             BUY                    2.50%                     8.8
Vertex Sec                         MANISH RAMESHBHAI VYAS                                                                          SELL                   0.63%                   206.9

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Daily newsletter - October 18, 2011

  • 1. Oct 18, 2011 Volume: 1 | Issue: 389| November 1, 2010 INDIAN MARKET * 17-Oct 14-Oct % Change COMMENTARY BSE Sensex 17,025 17,083 (0.34) INDIA NSE Nifty 5,118 5,132 (0.27) The Indian markets ended the day with modest losses, starting off the week on a consolidation mode BSE Midcap 6,189 6,190 (0.01) following last week's stellar gains. The benchmark indices were rather subdued despite a strong rally in Asian BSE Smallcap 6,923 6,908 0.22 and European markets. After opening with smart gains, the key Indian equity indices were unable to hold on Nifty Junior 9,904 9,895 0.09 to the early gains on the back of selling pressure in Oil & Gas, Capital Goods, Power and Telecom stocks. The CNX Midcap 7,140 7,136 0.05 advance-decline ratio was negative as small-Cap and mid-Cap shares too were inactive. Shares of Reliance Industries lost 4%, after its quarterly earnings failed to impress the markets, and on news reports that it will halt drilling because of a review on the internal valuations of its exploration activity by the government. GLOBAL MARKETS 17-Oct 14-Oct % Change Finally, the BSE Sensex ended at 17,025, down 58 points. It had earlier touched a day's high of 17,188 and a Dow Jones Ind (USA) 11,397 11,644 (2.13) day's low of 16,928 after opening at 17,176. The NSE Nifty closed at 5,118, down 14 points. The market breadth was weak. Out of 2,873 stocks traded on the BSE, there were 1,311 advancing stocks as Nasdaq Composite(USA) 2,615 2,668 (1.99) against 1,446 declines. S&P 500 (USA) 1,201 1,224 (1.91) GLOBAL MARKETS FTSE 100 (UK) 5,437 5,466 (0.54) Global stocks and the euro fell, retreating after their best weekly gains in more than two years, as Germany DAX (Germany) 5,859 5,967 (1.81) damped expectations for a fast resolution to Europe’s debt crisis and a report showed New York-area Nikkei 225 (Tokyo) 8,880 8,748 1.50 manufacturing shrank more than forecast. Equities and the euro headed lower as Steffen Seibert, German Hang Seng (Hong Kong) 18,874 18,501 2.01 Chancellor Angela Merkel’s chief spokesman, said European Union leaders won’t provide the quick ending to Shanghai Comp (China) 2,440 2,432 0.36 the debt crisis that global policy makers are pushing for at an Oct 23 summit. The Standard & Poor’s 500 KOSPI (South Korea) 1,865 1,835 1.62 Index slid 1.9 percent to 1,201. STI (Singapore) 2,779 2,744 1.26 Asian stocks fell from a one-month high, the won weakened and copper led metals lower after Germany MSCI Emerging Market 365 361 1.11 doused expectations of a solution to Europe’s debt crisis this year and China’s economy grew at the slowest pace in two years. Stocks and metals extended losses after China’s gross domestic product expanded 9.1 MSCI Frontier Market 481 479 0.42 percent last quarter, trailing the 9.3 percent forecast. Nikkei is trading down 1.5 percent, Hang Seng is down 3.2 percent and Strait Times is down 1.7 percent. SGX Nifty is trading down 53 points, at 5,068 indicating a gap-down opening. BOND MARKETS 17-Oct 14-Oct Change 10yr G-Sec Yield 8.75 8.77 (0.02) CORPORATE/ ECONOMY NEWS 1yr G-Sec Yield 8.51 8.51 0.00 Mortgage lender HDFC Ltd posted a 20% rise in net profit for the quarter-ended September led by LIBOR (6m) 0.21 0.21 0.00 higher income from operations and profit on sale of investments. HDFC said its net profit increased to LIBOR (1m) 0.16 0.15 0.01 Rs 971 crore from Rs 808 crore a year ago. Income from operations rose to Rs 4,077 crore from Rs 2,907 Interbank Call rate 8.29 8.29 0.00 crore in the year-ago period. Profit from sale of investments stood at Rs 86.8 crore while its net interest margin for the September quarter was at 4.3%. HDFC competes with India's top commercial bank State Bank of India, No. 2 ICICI Bank and a host of other banks and financial institutions for a bigger share of the mortgage loan market. BSE Turnover Rs Cr('000) Sensex 17200 3.0 Energy major Reliance Industries (RIL) will suspend oil and gas drilling pending an internal valuation of 17100 its exploration and production strategy, a newspaper reported on Monday citing sources briefed by the 17000 2.5 company. The firm, India's most valuable company by market capitalisation, has seen its growth outlook 16900 2.0 and market value hit hard this year by falling gas output from its huge gas fields off the east coast. 16800 16700 1.5 16600 State-run MOIL said its proposed joint ventures with Steel Authority of India (SAIL) and Rashtriya 16500 1.0 Ispat Nigam (RINL) for setting up facilities to make ferro alloy in Chhattisgarh and Andhra Pradesh are 16400 0.5 likely to be operational in the next fiscal.An Environment Ministry panel in August has already given the 16300 green nod to MOIL's proposed Rs 400-crore joint venture with SAIL for setting up 1.06 lakh tonne per 16200 0.0 annum ferro alloy manufacturing facility in Chhattisgarh. The firm, the largest domestic manganese 11-Oct 12-Oct 13-Oct 14-Oct 17-Oct producer, had separately signed MoUs with SAIL and RINL to set up the two facilities making ferro alloy, used in steel making for de-oxidising purposes. Anil Ambani group firm Reliance Power said it paid over Rs 1,474 crore to redeem overseas bonds. The NSE Turnover Rs Cr('000) Nifty company has paid the principal amount of $299.90 million corresponding to Rs 1,474.93 crore due on 5150 14 foreign currency convertible bonds (FCCBs). 5100 12 10 Oil and Natural Gas Corporation (ONGC) is ready to supply gas to two upcoming thermal power 5050 88.38 #DIV/0! projects in the North-East -- its own plant at Palatana, in South Tripura district, and NEEPCO's Monarchak 8 5000 unit, in West Tripura district -- official sources said on 17th October. As per the schedule, the first phase 6 of the 726-MW Palatana power project being implemented by ONGC Tripura Power Company Ltd 4950 4 (OTPCL) -- a special purpose vehicle between ONGC, the Tripura government and IL&FS -- will be 4900 2 operational by February next year, though it was supposed to come onstream by the end of this year. 4850 0 11-Oct 12-Oct 13-Oct 14-Oct 17-Oct
  • 2. Oct 18, 2011 Volume: 1 | Issue: 389| November 1, 2010 SECTOR 17-Oct 14-Oct % Change CORPORATE NEWS AUTO 8,989 8,849 1.58% SKIL Group's flagship company Pipavav Defence and Offshore Engineering said there CD 6,805 6,704 1.50% was no disruption of any kind at its production units due to Income-Tax officials visiting BANKEX 11,131 11,065 0.60% the firm's premises last week for verification of certain issues. REALTY 1,836 1,827 0.52% FMCG 3,999 3,992 0.19% The strike at Maruti Suzuki India's (MSI) Manesar plant entered its 11th day, with -0.11% workers protesting outside the factory premises, but the company said it has resumed METAL 11,314 11,327 partial production at the plant. The company also said production at its main plant at HC 5,893 5,901 -0.14% Gurgaon has resumed after a two-day closure last week due to component supply IT 5,670 5,699 -0.50% constraints from Suzuki Powertrain India Ltd (SPIL). TECk 3,434 3,453 -0.55% PSU 7,409 7,460 -0.69% Diversified conglomerate Future Group announced its entry into the rural wholesale and POWER 2,143 2,169 -1.18% distribution business with the opening of its first 'Aadhaar Wholesale' store in Gujarat. CG 10,891 11,042 -1.37% With plans to open 65 'Aadhaar Wholesale' stores across the country, Future Group has OIL&GAS 8,657 8,859 -2.29% set up its first store at Kalol, Gujarat, through its subsidiary, Aadhaar Retailing, and another one will soon come up in Punjab. he company expects to develop an around Rs 4,000 crore business through this format in the near future. The size of the rural consumer goods market is estimated to reach Rs 16,70,100 crore by 2015, according to estimates by consulting firm McKinsey. Trissur-based South Indian Bank's net profit for the quarter ended September 2011 rose BSE Upper Circuit Breakers more than 24% year-on-year to Rs 95 crore on the back of higher loan book growth. This Company Name 17-Oct 14-Oct % Change is the highest ever net profit the bank has recorded in a single quarter. Deposits too grew Maharaja Shree 523 436 20.00 at 32% to Rs 33,038. CASA (current account and savings account) rose nearly 18% to Rs Vinyl Chemicals 11.3 9.4 20.00 7,038 crore. Sanraa Media 0.1 0.1 10.00 State-owned fuel retailers lost Rs 21,374 crore in the second quarter on selling Suave Hotels 196.1 178.3 10.00 0 diesel, domestic LPG and kerosene at government-controlled rates that are way below ELECTROTHERM 140.7 134.0 5.00 the cost of production. The three firms are losing Rs 7.06 per litre on diesel, Rs 25.90 per litre on kerosene sold through the public distribution system (PDS) and Rs 270.50 per 14.2-kg LPG cylinder supplied to domestic households for cooking purposes. The statement said fuel retailers lost Rs 37,719 crore on selling diesel in the April-September period, Rs 13,361 crore on PDS kerosene and Rs 13,820 crore on domestic LPG. The fall in the value of the rupee against the dollar increases the cost of imported crude oil. India is BSE Lower Circuit Breakers dependent on imports to meet 79% of its oil needs. Company Name 17-Oct 14-Oct % Change The country's largest two-wheeler maker Hero MotoCorp said it will soon start selling the Bombay Oxygen 7,220.1 7,600.0 (5.00) first 'Hero' branded bike to be launched after the break-up of Hero Honda last year . CNI Research 2.7 2.8 (5.00) Indus Finance Corp 83.7 88.1 (5.00) Jubilant Life Sciences plans to invest Rs 500 crore on capital expenditure activities in the Arora Fibres 20.0 21.1 (5.00) current financial year as it looks to mop up an additional Rs 1,200 crore in revenues. Binayak Tex 464.3 488.7 (5.00) Tata Consultancy Services (TCS), India's largest software services exporter, reported a 14.7-percent rise in quarterly net profit, marginally below estimates as uncertainty in the global economy weighed on new outsourcing orders. The company reported a 25.3% rise in revenue at Rs 11,633 crore, as per Indian Gaap versus Rs 9290 crore YoY. Q2 operating margins were at 27.1% versus 28.1% whereas Q2 net profit margin was at 21% versus 22.9% YoY. Revenue growth in dollar terms was up 26% YoY; 4.7% QoQ. International business growth was up 6.2% sequentially. COMMODITY 17-Oct 14-Oct % Change COMMODITY / CURRENCY NEWS Brent Crude Oil (USD/bbl) 110 113 (2.02) Gold (Rs/10gm) 26,810 26,890 (0.30) Brent Crude Oil ended lower by 2.02% at USD$110 per barrel. Gold ended lower by 0.30% at Rs 26,810 and Silver closed lower by 1.25% at Rs 52,730. Silver (Rs/kg) 52,730 53,399 (1.25) CURRENCY 17-Oct 14-Oct % Change The Indian Rupee closed higher against the dollar at Rs 48.95 as the Indian equity INR / USD 48.95 49.01 (0.12) benchmarks ended on a negative note. USD / Euro 1.37 1.39 (1.44) Yen / USD 77.22 76.86 0.47
  • 3. Oct 18, 2011 Volume: 1 | Issue: 389| November 1, 2010 FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS S&P500 1,184.5 1,208.3 2.01 Citigroup Inc reported higher third-quarter net income on Monday as the bank set aside MCLEODRUSS 251.3 254.3 1.19 less money to cover bad loans. Citigroup, the third-largest US bank by assets, reported DJIA 11,355.0 11,485.0 1.14 net income of $3.8 billion, or $1.23 per share, up from $2.2 billion, or 72 cents per LITL 15.3 15.5 0.98 share, a year ago. VIDEOIND 175.6 177.0 0.80 EDUCOMP 266.7 268.8 0.79 The Export-Import Bank of India (Exim Bank) has entered into an agreement with MRPL 67.7 66.1 (2.44) Senegal for extending a $27.5 million soft loan to finance exports and consultancy MOSERBAER 23.4 22.9 (2.35) services for a rural electrification project in the African nation. The Line of Credit (LoC) is BAJAJHIND 38.3 37.4 (2.35) effective from August 24 this year and the date of execution of the agreement is April IDEA 97.4 95.7 (1.80) 21, the Reserve Bank said in a statement. ABAN 405.4 400.0 (1.33) DLF 236.5 233.9 (1.10) INSTITUTIONAL ACTIVITY (Rs Cr) 7-Oct 5-Oct YTD FII Cash Net 491.2 -969.3 (448) FII Stock Futures -34.61 -137.75 8,194 FII Index Futures 1581.53 74.53 12,989 Mutual Fund 184.1 103.7 595 VALUATIONS P/E P/B DIV YLD BSE 17.7 3.2 1.6 NSE 17.6 3.1 1.6 BSE500 Mcap/GDP Ratio 0.59 MOVERS & SHAKERS 4.91 TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs % Tata Motors 188 4.50 JPINFRATEC 60.6 19.76 Maharaja Shree 522.7 20.00 Maruti Suzuki 1053.05 2.39 D B REALTY 58.1 7.00 Emami Paper 42.0 18.84 DLF 235.85 1.53 KEC Intl 60.0 5.26 PRADIPOVERS 76.0 15.85 Sterlite Inds 120.85 1.51 D B CORP 217.9 4.78 NIIT 49.9 14.33 Bajaj Auto 1650.75 1.27 Infotech Enter 117.8 4.71 NIIT Tech 239.5 13.51 TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs % RIL 833.2 -3.88 Shri Ganesh Spi 7.1 -4.97 Ruchi Infra 22.3 -10.64 NTPC 168.45 -2.63 VAARAD 76.2 -4.93 Arss Infra Proj 319.3 -8.54 Jaiprakash Asso 72.15 -2.17 Network18 Media 60.7 -4.33 Fineotex Chem 196.2 -7.97 BHEL 326.3 -2.11 Jindal Saw 133.0 -4.14 Wire & Wireless 8.8 -6.67 L&T 1379.9 -1.98 Anant Raj Inds 49.8 -3.77 Balaji Tele 31.0 -6.64 BULK DEALS SCRIP NAME CLIENT NAME TYPE QTY % PRICE NSE Gitanjali Gems Limited JAIWANTI MERCANTILES PRIVATE LIMITED BUY 1.53% 346.3 Hexaware Technologies Lim ELDER VENTURE LLP BUY 2.53% 74.7 Rushil Decor Limited PRAKASHBHAI ISHWARBHAI RANA BUY 1.27% 185.0 Gravita India Limited CROSSEAS CAPITAL SERVICES PVT SELL 0.63% 442.7 Savera Industries Ltd MANOJ KUMAR GOEL BUY 1.23% 40.5 BSE Beryl Drugs GLOBALWORTH SECURITIES LIMITED BUY 0.80% 12.8 Bloom Dekor SUNIL SITARAM GUPTA BUY 1.20% 14.7 Eastern Sugar INDO AUSTRO CORPORATION PVT LTD SELL 1.52% 17.3 Gemstone Invest KIRAN BHIKU BHANAES BUY 2.50% 8.8 Vertex Sec MANISH RAMESHBHAI VYAS SELL 0.63% 206.9