On September 13, 2011, Indian markets showed little change as the BSE Sensex closed at 16,467, down 34 points, with mixed performances observed across sectors, particularly in IT and oil & gas stocks. Despite initial gains due to optimism over global markets and potential bond purchases by China, selling pressure from auto, PSU, and pharma stocks caused a decline, particularly among capital goods stocks. Global markets responded favorably, with U.S. stocks rising and European equities recovering from previous lows, while Indian corporate activities included expansion plans from United Breweries and TCS's partnership for IT services in Malaysia.

1. Sept 14, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 13-Sep 12-Sep % Change COMMENTARY
BSE Sensex 16,467 16,502 (0.21) INDIA
NSE Nifty 4,941 4,942 (0.04)
BSE Midcap 6,319 6,317 0.03 After a sharp decline in the past two days, the Indian markets took a breather as the benchmark indices
BSE Smallcap 7,169 7,168 0.01 ended on flat note on Tuesday. Overnight gains in the US and Asian markets saw the benchmark indices
Nifty Junior 9,932 9,948 (0.16) open with smart gains on hopes that China will buy the bonds from Italy. The NSE Nifty remained above the
CNX Midcap 7,241 7,236 0.07 5000 mark in the first hour led by gains in the IT & Oil & Gas stocks. However, markets erased all the early
gains as a fresh bout of selling in the Auto, PSU and Pharma stocks saw the Nifty hit a low of 4911 as FIIs sold
were net sellers of Rs 468 crores (provisional). The capital goods stocks continued to remain under pressure
after industrial growth plunged to a 21-month low of 3.3% in July. Stocks like BHEL and L&T yet again slipped
GLOBAL MARKETS 13-Sep 12-Sep % Change over 1% each. Finally, the BSE Sensex ended at 16,467, losing 34 points. It had earlier touched a day's high of
Dow Jones Ind (USA) 11,106 11,061 0.40 16,766 and a day's low of 16,374. It opened at 16,618. The NSE Nifty closed at 4,940, down 6 points.
Nasdaq Composite(USA) 2,532 2,495 1.49 BSE market breadth turned neutral. Out of 2,928 stocks traded, 1,394 declined while 1,397 advanced on the
S&P 500 (USA) 1,173 1,163 0.88 BSE.
FTSE 100 (UK) 5,174 5,130 0.87
DAX (Germany) 5,167 5,072 1.86 GLOBAL MARKETS
Nikkei 225 (Tokyo) 8,617 8,536 0.95
Hang Seng (Hong Kong)* 19,031 19,031 0.00 U.S. stocks rose, Europe’s benchmark equity index rebounded from a two-year low and Treasuries fell as
French banks dismissed concerns over their access to funds and investors watched for signs of progress in
Shanghai Comp (China) 2,471 2,498 (1.06)
efforts to tame the euro region’s debt crisis. The Standard & Poor’s 500 Index advanced 0.9 percent to close
KOSPI (South Korea)* 1,813 1,813 0.00
at 1,173. DJIA closed at 11,106, up 0.4 percent.
STI (Singapore) 2,729 2,744 (0.52)
MSCI Emerging Market 375 384 (2.34) Asian markets are trading positive as Nikkei is trading flat, Shanghai is up 0.2 percent, Hang Seng is up 0.6
MSCI Frontier Market 491 498 (1.41) percent and Strait Times is up 0.7 percent.
BOND MARKETS 13-Sep 12-Sep Change
10yr G-Sec Yield 8.32 8.29 0.03 CORPORATE/ ECONOMY NEWS
1yr G-Sec Yield 8.34 8.34 0.00 United Breweries said it is embarking on a major expansion drive for Dutch partner Heineken's beer
LIBOR (6m) 0.39 0.39 0.00 brand in India, with plans to enter about 20 new domestic markets in the next two years. The
LIBOR (1m) 0.16 0.16 0.00 company, which signed an agreement in 2009 with Netherlands-based Heineken Group for
Interbank Call rate 8.0 8.0 0.00 manufacturing and distribution of Heineken beer in India, also said it expects the brand to secure a 5%
market share in the premium mild segment in these markets.
The country's largest software exporter Tata Consultancy Services (TCS) said that it has partnered
BSE Turnover Rs Cr('000) Sensex Felda Prodata Systems for joint development and delivery of IT services and solutions in the Malaysian
17400 3.5 market. Both organisations will jointly identify opportunities as part of 'go-to-market' efforts to provide
17200 3.0 IT services and secure tenders from government agencies, TCS said in a statement.
17000 2.5 India's largest sugar firm Bajaj Hindusthan said it will raise Rs 1,644 crore through a rights issue under
16800 2.0 which two fresh equity shares will be given for every one shares held by shareholders at Rs 36. The
16600 1.5 offer price announced by the company is much lower than the current market rate of the share, which
16400 1.0 was trading at Rs 54 yesterday in the afternoon on the Bombay Stock Exchange.
16200 0.5 Low-fare carrier SpiceJet will raise Rs 130 crore by issuing fresh shares at Rs 36 a share to its majority-
16000 0.0 owner Kalanithi Maran to cover its operational losses and fund expansion, its chief executive said. The
7-Sep 8-Sep 9-Sep 12-Sep 13-Sep fresh shares will be issued by October and raise Maran's stake to 43% from 38.7% now, Neil Mills told
Reuters.
India will emerge as one of the Top 5 global markets for pharmaceutical products by 2020, driven by
NSE Turnover Rs Cr('000) Nifty
huge domestic demand and increased consumer spending on drugs, according to a study by city-
5200 14 based Ikon Marketing Consultants.
5150 12
5100 10 Workers at auto component-maker Munjal Showa Ltd's Manesar plant resorted to a strike that hit
5050 88.38 #DIV/0! production, an indicator that the labour unrest at Maruti Suzuki India's unit in the region is spreading
8
5000 to surrounding areas.
6
4950
4900 4 Biocon Ltd, India's largest listed biotechnology firm, plans to list its research services unit Syngene
2 within the next 18 months or so, chairwoman Kiran Mazumdar-Shaw said. The company, whose
4850
flagship brands include Insugen for the treatment of diabetes and Abraxane for cancer, is focusing on
4800 0 posting $1 billion revenue in three to five years, Shaw said on Tuesday in an interview with Reuters.
7-Sep 8-Sep 9-Sep 12-Sep 13-Sep

2. Sept 14, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 13-Sep 12-Sep % Change CORPORATE NEWS
IT 4,833 4,788 0.93% All set to make its first acquisition overseas, state-owned iron ore miner National Mineral
TECk 3,068 3,056 0.40% Development Corporation (NMDC) is likely to submit, by month end, the bid to acquire
OIL&GAS 8,510 8,478 0.37% 50% stake in Australian exploration firm Legacy Iron Ore for around Rs 200 crore.
METAL 11,911 11,888 0.20%
POWER 2,165 2,162 0.14% Chinese telecom equipment maker ZTE Corporation made its maiden foray into the
REALTY 1,721 1,721 0.05% enterprise solutions space in India after bagging a contract from Power Grid
Corporation of India to help the state-run firm reduce costs. As part of the
FMCG 3,949 3,953 -0.10%
agreement, ZTE will deploy equipment and devices that will enhance PGCIL's network
CG 12,131 12,171 -0.33% coverage and service quality, ZTE said in a statement.
PSU 7,518 7,544 -0.35%
BANKEX 10,708 10,756 -0.44% The world's largest steel-maker ArcelorMittal is expected to commence production at its
CD 6,459 6,490 -0.49% new mill at Jubail, in Saudi Arabia, in the first half of 2012, a news report has revealed. The
HC 5,925 5,957 -0.54% $700 million plant will produce 600,000 metric tonnes of pipes a year for the oil and
AUTO 8,481 8,537 -0.67% petrochemical industry, a report in Arabic daily Al-Watan said, citing Mohammed Al-
Jabr, ArcelorMittal's Managing Director in Saudi Arabia.The company plans to invest up to
$3 billion in Saudi steel projects over the next five years and is conducting studies to build
a factory north of Jubail at Ras Al-Khair, where the government is setting up a mining
hub, Al-Jabr told the newspaper.
NIIT Technologies Limited, a leading global IT solutions company, announced the
BSE Upper Circuit Breakers release of two new offerings specifically designed to serve the unique needs of the US
Company Name 13-Sep 12-Sep % Change airline industry. Monalisa Passenger Revenue Accounting (PRA) and Revenue Analytics are
MODERN STEELS LTD 18 17 10.00 both innovative solutions that meet IATA (International Air Transport Association)
SHALIMAR PAINTS 559.7 533.1 5.00 mandated changes for revenue accounting.
Morgan Ventures 8.8 8.4 5.00
Thomas Cook (India) Ltd has announced the launch of its luxury train Journey 'The
Neelkanth Rock 5.7 5.4 5.00 0
Indian Maharaja-Deccan Odyssey' in the Indian Market.
Netvista Info 2.9 2.8 5.00
Taksheel Solutions Ltd, one of the growing IT and Telecom Software companies in India
is planning to raise Rs 800mn via initial public offering. The company is planning to tap
capital market with 55,00,000 equity shares to fund its future expansion plans by diluting
25.17% of post-issue paid-up-capital of the company for whihc the company has filed its
DRHP with SEBI. The issue will open on 29th Sept and will close on 4th October, 2011. PNB
BSE Lower Circuit Breakers Investment Services, a unit of Punjab National Bank , is the book running lead manager.
Company Name 13-Sep 12-Sep % Change
Opto Circuits (India) Ltd has announced that OPTO EUROCOR HEALTHCARE LTD., wholly
DOLLEX INDUSTRIES 5.2 5.7 (10.00)
owned subsidiary of the Company proposes to raise upto Rs. 10bn through Initial Public
AVT Nat Products 389.2 409.6 (5.00) offering.
MM Rubber 7.2 7.6 (5.00)
Rajdhani Leas 113.4 119.4 (5.00) Pennar Engineered Building Systems Limited, a subsidiary of Pennar Industries
REMI EDEL 21.0 22.1 (5.00) Limited regarding the receipt of order for supply and installation of 4 lacs sq. feet pre-
engineered building for Reliance Retail distribution center at Pune.
Chartered Logistics Ltd has said that the Company has bagged a transportation order
from Kalpataru Power Transmission Ltd (KPTL) worth Rs. 90mn.
GVK Power and Infrastructure’s multi-billion dollar acquisition of Hancock Coal is facing
last-minute jitters, as lenders financing the deal are scaling down their exposure.
COMMODITY 13-Sep 12-Sep % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 112 111 0.40
Gold (Rs/10gm) 28,292 28,044 0.88 Brent Crude Oil ended higher at $111.8 per barrel. Gold ended higher by 0.88 percent at
Rs 28,292 and Silver closed up by 0.76 percent at Rs 65,612.
Silver (Rs/kg) 65,612 65,116 0.76
CURRENCY 13-Sep 12-Sep % Change The Indian Rupee closed lower against the dollar at Rs 47.51 as the Indian equity
INR / USD 47.51 47.19 0.68 benchmarks ended on a negative note.
USD / Euro 1.36 1.36 -
Yen / USD 76.92 76.92 -

3. Sept 14, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
RCOM 76.4 81.0 6.09
Private equity investment in India's real estate sector declined by around 20.2% to
ALOKTEXT 17.3 18.2 4.91 about Rs 3,740 crore ($831 million) in the first five months this fiscal due to sluggish
BEML 475.5 481.5 1.25 demand. Factors like the tight availability of funds with PE players and delays in project
SIEMENS 850.0 858.9 1.04 execution prompted fund houses to adopt a cautious approach toward the real estate
INDUSINDBK 253.0 255.4 0.93 sector, according to data compiled by research firm Venture Intelligence. PE players had
GVKPIL 16.5 16.7 0.91 pumped around Rs 4,685 crore ($1,041 million) into the realty sector during the April-
ADANIPOWER 90.8 84.0 (7.49) August period of the previous fiscal, as per the data.
DJIA 11355.0 10,857.5 (4.38)
ABAN 391.3 376.2 (3.86) Volkswagen’s premium car brand Audi aims to overtake Daimler's Mercedes-Benz this
S&P500 1184.5 1,139.3 (3.82) year by racking up sales to 1.3 million vehicles, Audi's chief executive said.
MOSERBAER 22.8 22.0 (3.51)
Warren Buffett advanced his succession plan on Monday by naming Ted Weschler, a
IOC 316.9 307.2 (3.06) low-profile hedge fund manager who has produced out-sized returns in the last
decade, to help manage the investments of Berkshire Hathaway Inc.
INSTITUTIONAL ACTIVITY (Rs Cr) 30-Aug 29-Aug YTD
FII Cash Net 678.2 485 4,157
FII Stock Futures 464.01 361.22 1,601
FII Index Futures 515.01 1079.21 11,379
Mutual Fund 266.2 49 6,314
VALUATIONS P/E P/B DIV YLD
BSE 18.4 3.4 1.5
NSE 18.2 3.1 1.4
BSE500 Mcap/GDP Ratio 0.59
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
DLF 199.0 1.82 Spicejet 25.5 6.04 Tata Metaliks 84.8 12.77
Jindal Steel 528.6 1.74 Madras Cements 97.2 5.71 Arss Infra Proj 331.2 10.72
Bajaj Auto 1601.1 1.52 Shree Cement 1660.0 5.32 KS Oils-$ 12.1 9.87
Wipro 328.6 1.25 Aventis Pharma 2294.0 5.16 NOUVEAU 7.3 9.35
Infosys 2224.4 1.21 SKS Microfinance 285.4 4.83 AK Capital 225.9 8.69
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Tata Motors 139.7 -4.61 KGN Inds 25.3 -4.90 Cals Ref 0.4 -9.52
SBI 1840.1 -1.56 GTL 68.8 -4.58 Texmaco 29.4 -6.83
Hindustan Unilever 341.2 -1.36 Shriram City Uni 529.9 -4.34 TALWALKAR 186.7 -5.97
Jaiprakash Asso 64.2 -1.31 Tata Teleservices 17.7 -3.80 Gokaldas Expo 79.6 -5.91
Bharti Airtel 381.3 -1.23 GVK Power 16.6 -3.50 SV Electricals 12.4 -4.98
BULK DEALS
SCRIP NAME CLIENT NAME TYPE QTY % PRICE
NSE
MindTree Limited Coffee Day Resorts Pvt Ltd BUY 5.68% 428.0
MindTree Limited Ashok Soota SELL 5.50% 428.0
Bharat Forge Ltd Barclays Capital Mauritius Limited SELL 0.55% 307.6
Balrampur Chini Mills Balrampur Chini Mills Ltd BUY 0.86% 62.9
Balrampur Chini Mills Barclays Capital Mauritius Limited SELL 0.87% 61.9
BSE
Bedmutha Inds INVENTURE GROWTH & SECURITIES LTD. BUY 1.23% 123.0
BGIL Films KAILASH CHANDRA BUY 0.80% 4.7
Gemstone Invest SUKRATI CONSULTANCY SERVICES SELL 2.25% 8.9
Monnet Ispat BLACKSTONE MANAGEMENT PARTNERS BUY 1.80% 478.1
Sanraa Media JMP SECURITIES PVT LTD BUY 2.30% 0.1