On September 2, 2011, Indian stock indices rose despite global market weaknesses, driven by strong macroeconomic fundamentals, resulting in the BSE Sensex closing at 16,821. In the U.S., equity markets fell sharply due to poor employment reports, contributing to growing recession fears. Additionally, companies like Hero Motors and Mahindra & Mahindra made strategic business announcements amid a noted slowdown in manufacturing output in India.

1. Sept 5, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET * 02-Sep 30-Aug % Change COMMENTARY
BSE Sensex 16,821 16,677 0.87 INDIA
NSE Nifty 5,046 5,013 0.66 The Indian stock indices closed higher on Friday despite a weak trend across world markets, as market
BSE Midcap 6,325 6,274 0.81 players bet on the nation's strong macro-economic fundamentals helped by some signs of improvement in
BSE Smallcap 7,134 7,131 0.03 FII buying. The NSE Nifty shut shop above the 5000 mark for the first time since August 17. Barring a brief
Nifty Junior 10,121 9,996 1.25 scare in the afternoon, the undercurrent on the domestic bourses was positive throughout the session. The
Indian stock indices had posted strong gains in the first two sessions of the previous week on the back of
CNX Midcap 7,343 7,309 0.46
recovery in world equities and improvement in FII flows. Friday’s upswing was led by metals, oil & gas, auto
and realty stocks. Even the mid-cap stocks saw some buying in trade. However, the BSE Small-Cap index
ended almost unchanged. Finally, the BSE Sensex ended at 16,821, adding 144 points. It had earlier touched
GLOBAL MARKETS 02-Sep 01-Sep % Change a day's high of 16,989 and a day's low of 16,688 after opening at 16,963. The NSE Nifty closed at 5,046,
Dow Jones Ind (USA) 11,240 11,494 (2.20) adding 46 points.
Nasdaq Composite(USA) 2,480 2,546 (2.59)
S&P 500 (USA) 1,174 1,204 (2.53) GLOBAL MARKETS
FTSE 100 (UK) 5,292 5,419 (2.34) The US equity markets ended sharply lower on Friday on the back of disappointing jobs report, which
DAX (Germany) 5,538 5,731 (3.36) renewed fears of recession. The unemployment rate has remained at 9.1%. The disappointing August non-
Nikkei 225 (Tokyo) 8,951 9,061 (1.22) farm payrolls report was bad for the first time since September 2010. The US Labor Department said
employers added no new jobs in August, compared with a downwardly revised increase of 85,000 jobs in
Hang Seng (Hong Kong) 20,213 20,585 (1.81)
July. Analysts polled by Reuters had predicted non-farm payrolls to grow by 75,000. The Dow Jones
Shanghai Comp (China) 2,528 2,556 (1.09)
Industrial Average fell 2.20%, to close at 11,240 led by fall in all 30 stocks. The Nasdaq Composite dropped
KOSPI (South Korea) 1,868 1,881 (0.69) 2.59%, to end at 2,480 and the Standard & Poor's 500 Index lost 2.53%, to close at 1,174.
STI (Singapore) 2,843 2,867 (0.84)
MSCI Emerging Market 401 401 0.00 Asian stocks have fallen for a second day, while the Dollar Index headed for its longest winning streak in
MSCI Frontier Market 502 504 (0.40) eight months after U.S. job growth stalled last month and discord over Europe’s sovereign-debt crisis
worsened. Nikkei is down 1.6%, Hang Seng is down 2% and Strait Times is down 2.4%, Shanghai is down 1%
and Kospi is down 2.6%. SGX Nifty is down 82 points, at 4964 indicating a gap-down opening.
BOND MARKETS 02-Sep 30-Aug Change
10yr G-Sec Yield 8.30 8.32 (0.02) CORPORATE/ ECONOMY NEWS
1yr G-Sec Yield 8.30 8.30 0.00 Diversified business entity Hero Motors said that it is aiming to double the size of its business by 2015,
LIBOR (6m) 0.39 0.39 0.00 targeting 5% of the total cycles market in the world by then.
LIBOR (1m) 0.16 0.16 0.00
Interbank Call rate 7.5 8.0 (0.52) Auto major Mahindra & Mahindra (M&M) said it will launch its new global sport utility vehicle, XUV 500
in the domestic market and South Africa simultaneously by December-end. Designed and developed
entirely in-house by M&M, the new SUV is Mahindra's first global offering with significant inputs in
styling and development taken from customers across the globe.
BSE Turnover Rs Cr('000) Sensex
16800 3.0 Education services provider Educomp Solutions said it has deferred a proposal to raise up to Rs 1,150
16600 crore ($250 million) through a share sale due to poor market conditions.
2.5
16400 2.0 The country's largest carmaker Maruti Suzuki India said it rolled out 150 cars from its Manesar plants
16200 with another batch of 125 people joining production operations, even as the impasse between
1.5
16000 management and workers at the first unit of the facility continues.The company brought in another
15800 1.0 batch of 125 ITI-trained and experienced people " Maruti said in a statement, adding that the current
0.5 strength of people now available for production is 800.
15600
15400 0.0 Olam Agro India said it has agreed to acquire Kohlapur-based Hemarus Industries for a consideration of
24-Aug 25-Aug 26-Aug 29-Aug 30-Aug Rs 340 crore. Olam will acquire Hemarus Industries' 3,500 tonne crush per day sugar milling facility, a 20
MW co-generation plant and accompanying assets in India for a total purchase consideration of Rs 340
crore.
NSE Turnover Rs Cr('000) Nifty Public sector Indian Bank said it has revised upwards interest rates for the Foreign Currency Non-
5050 14 Resident (FCNR) and Non-Resident (External) accounts with immediate effect. Interest rates for deposits
5000 12 of two years and above but less than three years has been fixed at 1.51% against 1.64% previously.
4950
4900 10
88.38 #DIV/0! State-owned iron ore miner NMDC Ltd has signed a contract with BHEL for providing a raw material
4850 8
handling system (RMHS) package to its upcoming three million tonnes per annum (Mtpa) integrated
4800 6 steel plant at Nagarnar in Chhattisgarh.
4750 4
4700 Mumbai-based business process outsourcing firm Firstsource plans to sell US-based MedAssist, a health
4650 2
care business it acquired in 2007. Firstsource had paid $330 million for the acquisition.
4600 0
24-Aug 25-Aug 26-Aug 29-Aug 30-Aug

2. Sept 5, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 02-Sep 30-Aug % Change CORPORATE NEWS
METAL 12,429 12,097 2.75% Undeterred by the slowdown in the four-wheeler segment, two-wheeler major Bajaj
CD 6,400 6,263 2.19% Auto said it aims to sell over 4 million units this financial year.
OIL&GAS 8,534 8,353 2.16%
AUTO 8,572 8,396 2.09% The Society of Indian Automobile Manufacturers (SIAM) said that the ongoing stand-off
REALTY 1,770 1,740 1.73% between Maruti Suzuki's management and workers at the Manesar plant was likely to
impact the domestic passenger car segment, which had already been witnessing a
FMCG 3,996 3,950 1.17%
slowdown, if the dispute prolonged.
HC 6,030 5,962 1.13%
PSU 7,666 7,616 0.66% Shareholders of JB Chemicals and Pharmaceuticals have approved the board's decision
BANKEX 10,950 10,904 0.42% to sell the prescription product portfolio in Russia and the CIS region to Dr Reddy’s
CG 12,029 12,047 -0.14% Laboratories.
TECk 3,188 3,205 -0.53%
POWER 2,211 2,233 -0.97% Ind Swift Laboratories said it would raise funds up to Rs 500 crore through issue of
IT 4,996 5,062 -1.31% securities in domestic and international markets.
Jubilant FoodWorks (JFL), which operates Domino's Pizza chain, announced its entry
into the Sri Lankan market with the opening of its first store in Colombo.
Europe's largest home appliances maker BSH Bosch along with Siemens Group is
looking at investing Rs 479.27 crore for setting up a manufacturing facility in Tamil
BSE Upper Circuit Breakers Nadu. The German company, through its subsidiary BSH Household Appliances
Company Name 02-Sep 30-Aug % Change Manufacturing, plans to manufacture home appliances at the unit.
DELTON CABLES 67 56 20.00
INFINITE COMPUTER SOLUTIONS 78.7 71.5 10.00 NTPC has warned that power supply to Anil Ambani group's distribution companies in
AVANTI FEEDS 63.4 57.6 10.00 Delhi -- BSES Rajdhani and BSES Yamuna -- would be stopped if they do not clear dues
CITURGIA BIOCHEMICALS 232.1 221.0 5.00 of over Rs 900 crore. The state-run power generating company, which supplies 2,051
0
Mold-Tek Packaging 58.5 55.7 5.00 MW power to the two companies, has served notices asking them to renew the Letter of
Credit or the supply could be suspended.
Jindal Power, a JSPL subsidiary said its its initial offer, through which it aims to raise up
to Rs 7,200 crore, is unlikely to hit the market in the next four-five months.Initially, the
company had planned to launch the issue by March this year. It was, however,
postponed to end of April. After that there was no communication from JSPL on the
BSE Lower Circuit Breakers probable date for the issue.
Company Name 02-Sep 30-Aug % Change
Everonn Education 351.5 439.3 (20.00) SKS Microfinance, which is passing through rough weathers, may approach the
PRABHAV INDUSTRIES 111.3 117.1 (5.00) Reserve Bank for a banking licence.SKS Microfinance CEO and Managing Director M R
RAJDHANI LEASING & INDUSTRIES 154.2 162.3 (5.00) Rao said the company does not see any major issue in meeting the eligibility criteria set
by the Reserve Bank of India (RBI).
TRADE WINGS LTD 111.5 117.3 (5.00)
BLUE COAST HOTELS 207.0 217.9 (5.00) Mullapudi Harischandra Prasad, chairman and managing director of Andhra Sugars
Limited, passed away on Saturday while undergoing treatment at a corporate hospital.
He was 90.
The crisis in Chennai-based education services provider Everonn Education deepened
on Friday, with its non-executive chairman Jamshed J Irani resigning following
Tuesday’s arrest of managing director P Kishore in a bribery case.
The premium collection of the life insurance industry in India dipped 21.8 per cent to
Rs 26,794 crore during the April to July period as against Rs 34,249 crore reported in the
corresponding period last year.
COMMODITY 02-Sep 01-Sep % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 113 115 (1.78)
3.24 Brent Crude Oil ended 1.78 percent lower at $113 per barrel . Gold ended higher by
Gold (Rs/10gm) 28,081 27,200
3.24 percent at Rs 28,081 and Silver closed up by 3.90 percent at Rs 64,639.
Silver (Rs/kg) 64,639 62,220 3.89
CURRENCY 02-Sep 30-Aug % Change The Indian Rupee closed higher against the dollar at Rs 45.78 as the Indian equity
INR / USD 45.78 46.11 (0.72) benchmarks ended on a positive note.
USD / Euro 1.42 1.44 (1.39)
Yen / USD 76.80 76.76 0.05

3. Sept 5, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
GTL 49.8 50.3 1.11 Manufacturing output in India expanded at its slowest pace in 29 months, as
ULTRACEMCO 1100.1 1,109.6 0.87 slowdown in the global economy hit exports, a survey by HSBC Holding and Markit
TRIVENI 23.2 23.4 0.86 Economics showed on Friday. The HSBC Markit India Manufacturing PMI fell to 52.6 in
TTML 18.6 18.7 0.81 August, its lowest since a sub-50 reading in March 2009.
BAJAJHIND 56.0 56.4 0.80
GODREJIND 201.5 203.1 0.79 China's Purchasing Manager Index (PMI) for its non-manufacturing sector dipped to
HINDPETRO 379.9 366.9 (3.42) 57.6% in August from 59.6% in July as railway investments fell after a deadly train
IOC 319.0 309.0 (3.13) crash.
BGRENERGY 321.0 311.3 (3.02)
BHUSANSTL 358.4 347.8 (2.96) Libya’s transitional leadership deployed its forces around cities loyal to Qaddafi,
threatening to attack unless they surrendered and extending their search for the
SCI 88.0 86.1 (2.16)
former leader. Libyan National Transitional Council head Mustafa Abdel Jalil said its
VIPIND 893.7 875.1 (2.08)
forces will pressure the cities of Sirte, Bani Walid, Jufra and Sabha until they give up
while continuing to supply them with humanitarian aid.
INSTITUTIONAL ACTIVITY (Rs Cr) 18-Aug 17-Aug YTD
FII Cash Net -1281.7 -407.6 7,460 U.K. Prime Minister will seek a “significant watering down” of a planned overhaul in
FII Stock Futures 7.41 490.36 323 banking regulations because the new rules may hurt growth and spur lenders to quit
FII Index Futures -326.55 -139.78 8,899 the country,Cameron told senior cabinet officials that any proposals from the
Mutual Fund -66.2 -33 5,401 Independent Commission on Banking to split banks’ retail and investment units or
require lenders to raise capital must be reviewed.
VALUATIONS P/E P/B DIV YLD
BSE 18.4 3.4 1.5 Bank of America Corp. and JPMorgan Chase & Co. (JPM) were among 17 banks sued by
the U.S. to recoup $196 billion spent on mortgage-backed securities bought by Fannie
NSE 18.2 3.1 1.4
Mae and Freddie Mac.
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 208.0 5.93 Manappuram Finance 56.0 11.11 Bhagwati Banq 89.0 14.91
Tata Steel 488.5 4.26 VIP Inds 892.8 10.14 Tata Metaliks 77.0 10.87
Sterlite Inds 133.9 4.04 Parsvnath Dev 54.1 8.20 INFINITE 78.7 10.00
Mahindra & Mahindra 766.1 3.87 COX KINGS 214.2 6.99 Honda Siel Power 393.1 9.44
Bajaj Auto 1623.6 3.21 Chambal Fert 112.9 6.26 Confidence Petro 11.8 9.14
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Tata Power 1021.1 -2.13 D B CORP 232.7 -5.23 EVERONN 351.5 -20.00
TCS 1021.7 -1.82 Electrosteel Steels 7.1 -5.11 Prraneta Inds 34.6 -9.90
BHEL 1737.0 -1.74 KGN Inds 30.3 -4.87 JB Chemicals 85.0 -9.58
NTPC 166.9 -1.56 SREI Infra 39.9 -4.66 Prakash Inds 49.7 -9.55
Infosys 2315.6 -1.16 Bajaj Elect 184.5 -4.63 EDSERV SOFT 100.2 -7.73
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