On October 3, 2011, Indian markets declined, with the BSE Sensex falling by 244 points amid significant sell-offs in metals and ADAG stocks due to negative news, particularly regarding the 2G spectrum scam. Global markets also struggled, as U.S. stocks faced losses that affected global economic confidence, driven by fears of a slowdown in China and Europe. In corporate news, Cairn India reported a gas discovery in Sri Lanka, while Kingfisher Airlines disclosed significant commission payments to its chairman amidst financial struggles.

1. Oct 3, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 30-Sep 29-Sep % Change COMMENTARY
BSE Sensex 16,454 16,698 (1.46)
INDIA
NSE Nifty 4,943 5,015 (1.44) After managing to recapture the 5000 level in the previous trading session, the NSE Nifty was seen losing
BSE Midcap 6,130 6,165 (0.58) over 70 points. The fall was led by heavy sell- off in the metals and ADAG stocks due to adverse news flow.
BSE Smallcap 6,881 6,942 (0.88) ADAG shares crumbled after reports stated that CBI has offered 3 executives to turn approvers in the 2G
Nifty Junior 9,822 9,916 (0.95) saga. Among the top losers were Reliance Capital, RCom and Reliance Infra. Metal heavyweights like Sterlite
CNX Midcap 7,094 7,118 (0.34) Industries and Tata steel were slammed after the Union Cabinet approved the new Mining Bill that calls for
sharing of profits by coal miners and royalty by other miners. Finally, the BSE Sensex ended at
16,454, declining 244 points. It had earlier touched a day's high of 16,745 and a day's low of 16,404. It opened
GLOBAL MARKETS 30-Sep 29-Sep % Change at 16,599. The NSE Nifty closed at 4,943, down 72 points.
Dow Jones Ind (USA) 10,913 11,154 (2.16) The market breadth was negative, 1716 stocks declined for 1019 stocks that advanced.
Nasdaq Composite(USA) 2,415 2,481 (2.65)
GLOBAL MARKETS
S&P 500 (USA) 1,131 1,160 (2.52) US stocks fell on Friday, putting equities on track for their worst quarter since 2008, as economic data from
FTSE 100 (UK) 5,128 5,197 (1.32) China and Europe fueled fears of a global economic slowdown. The Dow Jones Industrial Average fell
DAX (Germany) 5,502 5,640 (2.44) 2.16%, to 10,913; the Standard & Poor's 500 Index dropped 2.52%, to 1,131; the Nasdaq Composite Index lost
Nikkei 225 (Tokyo) 8,700 8,701 (0.01) 2.65%, to 2,415. The S&P 500 index has lost nearly than 13% this quarter and 5.6% in September, leaving the
Hang Seng (Hong Kong) 17,592 18,011 (2.32) benchmark index on pace for its fifth monthly decline. Stocks have been weighed down by signs of a global
Shanghai Comp (China) 2,360 2,365 (0.24) economic slowdown and uncertainty about how eurozone leaders would prevent a Greek default. Also, U.S.
KOSPI (South Korea) 1,769 1,769 (0.00) factories grew last month at the slowest pace since July 2009. European officials gathering in Luxembourg on
STI (Singapore) 2,675 2,708 (1.21) Monday will grapple with how to shield banks from the debt crisis and consider a further boost to the
MSCI Emerging Market 346 345 0.29 region’s rescue fund.
Asia stocks have dropped, following the regional index’s biggest quarterly loss since 2008, and the euro has
MSCI Frontier Market 478 480 (0.42)
fallen to an eight-month low against the dollar before European finance ministers gather to weigh the threat
of a Greek default. Nikkei is down 2.2 percent, Hang Seng is down 3.9 percent and Strait Times is down 1.9
percent. SGX Nifty is trading down 78 points, at 4852 indicating a gap-down start.
BOND MARKETS 30-Sep 29-Sep Change
10yr G-Sec Yield 8.29 8.29 0.00 CORPORATE/ ECONOMY NEWS
1yr G-Sec Yield 8.34 8.34 0.00 State-run BSNL may get an additional Rs 5,503 crore from the Department of Telecom to establish an
LIBOR (6m) 0.21 0.21 0.00 alternate communication network for defence services, enabling the vacation of spectrum by the
LIBOR (1m) 0.16 0.16 0.00 Armed Forces.The budget estimate approved by the Cabinet Committee of Infrastructure (CCI) for this
Interbank Call rate 8.27 8.27 0.00 purpose in December, 2009, was Rs 8,098 crore. The total cost of the project, including two years'
maintenance support by BSNL after the network is fully integrated, is Rs 13,601 crore, according to
sources in the DoT.
BSE Turnover Rs Cr('000) Sensex Cairn India has discovered natural gas reserves in the very first well it has drilled in the offshore Mannar
16800 3.5 Basin of Sri Lanka.The Mannar basin in Sri Lanka is a frontier petroleum province that is yet to be
3.0 explored. The Block, SL 2007-01-001, was awarded to Cairn in the 2008 Sri Lanka bid round. Cairn Lanka
16600 (Private) Limited is a wholly owned subsidiary of Cairn India and holds a 100 per cent participating
16400 2.5 interest in the Mannar block.Cairn Lanka acquired 1,750 square kilometres of 3D seismic data in the
2.0 Mannar Basin of Sri Lanka between December 2009, and January 2010.
16200
1.5
16000 1.0 Coal India said it might invest up to Rs 40,000 crore in the 12th Plan Period ending 2017 towards mines'
15800 development to augment production.
0.5
15600 0.0 State-owned Oil & Natural Gas Corp (ONGC) may this week invite Cairn India and Vedanta Resources
26-Sep 27-Sep 28-Sep 29-Sep 30-Sep for signing of an agreement on sharing of statutory levies on the all important Rajasthan oilfields.The
Board of ONGC had on September 27 agreed to waive its pre-emption rights and give consent to
London-based miner Vedanta buying majority stake in Cairn India.But the state-owned oil explorer had
added a caveat that the no-objection certificate or NOC will be issued only after Cairn and Vedanta sign
NSE Turnover Rs Cr('000) Nifty
a legal document agreeing to share royalty and pay cess on oil produced from Rajasthan fields.
5050 14
5000 12 Plywood and laminates maker Greenply Industries is eyeing nearly 70% jump in its turnover to touch
4950 10 Rs 2,400 crore in the next two years on the back of consolidation of its existing business.The
88.38 #DIV/0! company, which reported revenues of Rs 1,420 crore for 2011 fiscal, is looking to enhance operational
4900 8
efficiencies, including full utilisation of its installed capacity in the next two years to achieve the revenue
4850 6 target.The firm is looking to enhance its domestic business, while also increasing exports as a part of
4800 4 plans to achieve its revenue target.
4750 2
State Bank of India revised upwards the interest rates on NRE rupee and FCNR-B deposits in select
4700 0 currencies and select maturities.
26-Sep 27-Sep 28-Sep 29-Sep 30-Sep

2. Oct 3, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 30-Sep 29-Sep % Change CORPORATE NEWS
CD 6,361 6,297 1.02% Maharatna Coal India said its profitability would be eroded by about Rs 2,000 crore per
HC 5,868 5,903 -0.59% annum post enactment of new mines legislation which mandates coal miners to share
OIL&GAS 8,494 8,551 -0.66% 26% of their profits with project affected people.The domestic coal prices range between
TECk 3,252 3,283 -0.96% Rs 770 and Rs 1,700 a tonne at present.
IT 5,275 5,339 -1.19%
-1.19% Maruti Suzuki India will resume the full scale production from the Manesar plant from
CG 10,743 10,872
Monday, as the 33-day long standoff with workers has ended.The over-a-month long
FMCG 3,910 3,963 -1.33%
standoff between the management and workers of the Manesar plant ended early on
POWER 2,125 2,160 -1.59% Saturday following talks brokered by the Haryana government..As per the
PSU 7,404 7,526 -1.62% agreement, workers agreed to sign the contentious good conduct bond laid down by the
AUTO 8,498 8,651 -1.76% management, while the company agreed to conditionally take back 18 trainees who were
BANKEX 10,851 11,055 -1.84% suspended.However, 44 regular employees, against whom disciplinary action was taken
REALTY 1,763 1,800 -2.08% have been kept under suspension.
METAL 10,996 11,299 -2.68%
Future Group is aiming for a bigger play in India's education sector with plans to expand
its training and skill development vertical Future Learning and become an autonomous
entity providing professional courses across industry sectors.It is planning to invest over
Rs 20 crore in the next 2-3 years and add courses in areas such as healthcare, education
and infrastructure.The group has already invested Rs 25 crore in Future Learning in the
last couple of years since it was set up to impart education to people across sectors like
BSE Upper Circuit Breakers retail and supply chain.
Company Name 30-Sep 29-Sep % Change
Sudar Garments 74 67 10.00 Kingfisher Airlines has given a little over Rs 50 crore as commission to its chairman and
Anand Credit 3.3 3.0 10.00 key promoter Vijay Mallya, who provided guarantees worth more than Rs 6,100 crore for
Madhur Inds 72.6 66.0 10.00 the airline's loans and other liabilities during the last fiscal.The airline disclosed the
guarantees worth Rs 6,175.63 crore provided by Mallya and the commission paid to him
Sanraa Media 0.1 0.1 10.00 0
in its Annual Report for FY11, which were made available to the shareholders ahead of its
Kaira Can 294.0 280.0 5.00 AGM last week in Bangalore.Kingfisher, which claims to be the country's single largest
airline with a market share of about 20%, is taking various steps to improve its operating
performance and as part of these efforts has decided to phase out its low-cost service
Kingfisher Red in about four months.
State-run power equipment maker Bharat Heavy Electricals is facing as many as 163 civil
BSE Lower Circuit Breakers and criminal proceedings, including those related to bank guarantee and recovery of
money.BHEL was facing 144 civil and 19 criminal cases, among other litigations, as on
Company Name 30-Sep 29-Sep % Change
September 15.Meanwhile, BHEL has initiated three criminal cases and 125 civil
Hydro S&S Inds 19.00 20 (5.00) proceedings -- whose aggregate monetary value about Rs 188.39 crore.
Lancor Hold 28.5 30.0 (5.00)
Paraan 1,444.1 1,520.1 (5.00) Accounting regulator ICAI has accused state and central governments, and PSUs, of
Sahara Hous 81.8 86.1 (5.00) deliberately favouring chartered accountant companies having affiliations with
SKY Inds 49.5 52.1 (5.00) multinational audit firms.
Anil Ambani Group company Reliance Mutual Fund said it is looking for a foreign
partner to sell its mutual fund products in the overseas markets.India's largest asset
management company Reliance MF has presence in five overseas locations --
Dubai, Singapore, Mauritius, Malaysia and the UK.At the end of June quarter, the fund
house managed average assets worth over Rs 1.01 lakh crore and had an investor base of
7.3 million.
Chennai-based 2-wheeler maker TVS Motor Company reported 17% increase in total
vehicle sales in September to 2,19,369 units.
COMMODITY 30-Sep 29-Sep % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 102 105 (2.63)
Gold (Rs/10gm) 26,050 25,551 1.95 Brent Crude Oil ended down by 2.63% at $102 per barrel. Gold ended higher by 1.95% at
Rs 26,050 and Silver closed flat at Rs 50,905.
Silver (Rs/kg) 50,905 50,436 0.93
CURRENCY 30-Sep 29-Sep % Change The Indian Rupee closed lower against the dollar at Rs 48.97 as the Indian equity
INR / USD 48.97 48.97 - benchmarks ended on a positive note.
USD / Euro 1.36 1.36 -
Yen / USD 76.64 76.64 -

3. Oct 3, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
GITANJALI 346.5 351.0 1.30
The government is considering allowing foreign companies to completely own single-
MCLEODRUSS 236.1 239.0 1.25 brand retail stores in the country, after it was forced to put its plans of letting foreign
TECHM 572.0 578.0 1.05 retailers invest in multibrand outlets on the backburner due to lack of political
HOTELEELA 35.9 36.3 0.97 consensus.
TATACHEM 315.2 318.0 0.90
FSL 11.3 11.4 0.89 Amid a raging controversy over the Rs 32 per capita per day poverty line
BEML 456.0 460.0 0.88 definition, Planning Commission Deputy Chairman Montek Singh Ahluwalia met Prime
MOSERBAER 21.2 20.1 (5.42) Minister Manmohan Singh today and will clarify the panel's stand on the issue on
ABAN 352.0 336.8 (4.33) Monday.
DLF 221.0 212.8 (3.73)
The cash-starved microfinance sector will be severely hit by if the new draft guidelines
BHUSANSTL 333.2 325.0 (2.45)
issued by the Reserve Bank of India on securitisation of loan portfolios are
VIPINDS 915.0 896.0 (2.08) implemented, according to the microfinance industry.
INSTITUTIONAL ACTIVITY (Rs Cr) 22-Sep 21-Sep YTD The government plans a whopping Rs 2 lakh crore capital infusion into the state-owned
FII Cash Net -1234.5 333.7 5,177 banks spread over 10 years, to help them meet fund requirement and comply with the
FII Stock Futures -395.85 -292.23 21,580 Basel-III capital adequacy norms.
FII Index Futures -1813.5 -89.33 14,827
Mutual Fund -41 216 5,453 An intensifying legal battle between Samsung Electronics Co and Apple Inc is expected
to crimp growth at one of the fastest growing businesses of the Korean company, while
VALUATIONS P/E P/B DIV YLD threatening to worsen business ties with the firm's largest customer.
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 %
Bharti 378.1 0.44 Dewan Housing 235.1 7.84 Asian Hotels (East) 340.0 12.21
RIL 808.3 0.02 Honeywell Auto 2649.1 5.40 Astra Micro 29.0 10.90
- - - SREI Infra 33.9 3.99 Man Infra 137.1 9.29
- - - Phoenix Mills 217.0 3.95 GLOBUS SPR 109.7 9.10
- - - KGN Inds 31.0 3.85 Dynamatic Tech 1093.2 7.70
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Coal India 332.8 -5.15 Network18 Media 79.0 -12.67 RBN 69.0 -12.89
Sterlite Inds 113.85 -4.05 Ruchi Soya 111.4 -7.67 Kingfisher Air 20.0 -12.47
Tata Steel 415.25 -3.99 Sintex Inds 127.5 -7.34 Bajaj Corp 106.4 -11.33
Jindal Steel 502.05 -3.78 Voltas 111.4 -6.74 Entertainment Netw 261.1 -8.99
HEROMOTOCO 1941.85 -3.01 Indiabulls Real Est 73.1 -5.56 Modern India 34.2 -7.94
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