The financial markets in India showed notable gains in September 2010, with the BSE Sensex closing at 19,906 and the NSE Nifty at 5,980, driven by increased overseas investment. In corporate news, several companies, including Hexaware Technologies and Core Projects, reported positive developments, while major IPOs and projects were highlighted, including the approval for Coal India's mega IPO. Additionally, the Indian economy is projected to grow at over 8.5% for the fiscal year, supported by strong production in various sectors.

1. Volume: 1 | Issue: 360| September 21, 2010
COMMENTARY INDIAN MARKET 20-Sep 17-Sep % Change
INDIA BSE Sensex 19,906 19,595 1.59
Call it strong economic fundamentals or just liquidity magic; overseas investors stepped up their NSE Nifty 5,980 5,885 1.62
shopping spree in September. The Sensex surged 311 points to close at 19,906. The index hit an BSE Midcap 8,158 8,104 0.67
intra-day high of19,927 and an intra-day low of 19,445. The NSE Nifty rose 95 points to close at BSE Smallcap 10,314 10,239 0.74
5,980 after touching a high of 5,990 and a low of 5,885. The Nifty took about 80 trading sessions Nifty Junior 12,697 12,583 0.90
to travel from 5000 to near 6000 levels. The BSE small and mid-cap indices have under-performed CNX Midcap 9,236 9,162 0.80
the broader markets today. The midcap index gained 0.67 % to 8,158 and BSE small-cap index
was up 0.74 % at 10,314.
GLOBAL MARKETS 20-Sep 17-Sep % Change
The market breadth was positive. Out of 3,105 stocks traded, 1,773 advanced while 1,211 Dow Jones Ind (USA) 10,754 10,608 1.37
declined in trades. Nasdaq Composite(USA) 2,356 2,317 1.69
S&P 500 (USA) 1,143 1,126 1.52
GLOBAL MARKETS FTSE 100 (UK) 5,603 5,508 1.72
DAX (Germany) 6,295 6,210 1.37
US stock markets rallied on Monday to extend gains from last week as stocks pushed ahead to Nikkei 225 (Tokyo) * 9,626 *
new four-month highs on Monday. All major indexes closed near session highs. The Nasdaq Hang Seng (Hong Kong) 21,977 21,971 0.03
rallied 1.7% to its ninth straight gain, closing at 2356. The S&P 500 rallied 1.5% and Dow 1.4% to Shanghai Comp (China) 2,589 2,598 (0.36)
1143 & 10754 on back of lower volumes on both exchanges. KOSPI (South Korea) 1,833 1,827 0.31
STI (Singapore) 3,081 3,076 0.16
The Asian markets have opened in the green. The Nikkei is up by 0.34% and the Hang Seng is up
MSCI Emerging Market 395 392 0.80
by 0.03%
MSCI Frontier Market 545 544 0.26
*Indicates that the Nikkei was closed because of a national holiday in Japan.
CORPORATE/ ECONOMY NEWS BOND MARKETS 17-Sep 17-Sep Change
Software services firm Hexaware Technologies has raised its revenue guidance to $60 million 10yr G-Sec Yield 7.97 7.97 0.00
for the third quarter ended December 31, 2010, on the back of improving order pipeline. 1yr G-Sec Yield 6.48 6.48 0.00
LIBOR (6m) 0.50 0.47 0.03
Education solutions provider Core Projects and Technologies has acquired two US-based LIBOR (1m) 0.26 0.25 0.01
firms for an undisclosed sum. The company has acquired Georgia-based education solutions Interbank Call rate 6.1 6.1 0.04
firm Technical Systems Integrators (TSI), and New York-based education consulting company
Keenan and Keenan Group, which have a combined turnover of about $25 million.
BSE Turnover Rs Cr('000) Sensex
20000 5.6
Ucal Fuel Systems Limited, a Chennai-based manufacturer of carburettors, fuel injection
systems and automotive pumps, is setting up an air suction valve and oil pumps manufacturing 19800 5.4
plant for Hero Honda and Maruti Suzuki at Bawal in Haryana with an investment of Rs 40 crore. 5.2
19600
5.0
EIH , owner of the Oberoi and the Trident hotel chains said it would issue rights shares, sparking 19400
speculation that the promoters as well as the Mukesh Ambani-controlled Reliance group, which 4.8
recently bought over 14.8% in the company, could buy unsubscribed portion of the issue to 19200 4.6
raise their holdings.
19000 4.4
14-Sep 15-Sep 16-Sep 17-Sep 20-Sep
The Rs 14,000-crore initial public offer of state-owned Coal India has been approved by market
regulator the Securities and Exchange Board of India, paving the way for the launch of country’s
largest ever market offer in the third week of October.
NSE Turnover Rs Cr('000) Nifty
Bharat Heavy Electricals (Bhel) is revamping its production processes to develop low cost and 6000 18
more efficient equipment as it seeks to counter the threat of cheap imports from China. The
company plans to increase its expenditure on research and development (R&D) by almost 50% 5950
17
to Rs 1,200 crore by 2011-12. 5900
5850 17
Wockhardt expects to close all issues pertaining to its corporate debt restructuring (CDR) in the 5800
next few months. 16
5750
5700 16
14-Sep 15-Sep 16-Sep 17-Sep 20-Sep
`
Disclaimer: This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for public
distribution and has been furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way unless you
obtain written consent from FSWA. While reasonable care to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other person or
entity associated with it. The document is prepared only for your information and is not sufficient for making an investment decision. You should rely on your own investigations and seek
professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from the use of this document or due to any inadvertent error in
the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice prior to making any investment
decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not guaranteed. Also past performance of an
investment or fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes no liability or responsibility for investment
results or losses arising out of investment decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy any security or financial product. FSWA
reserves the right to modify or alter the terms and conditions of the use of this service or discontinue, temporarily or permanently, the information and services provided (or any part thereof) at
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Website: www.fullertonsecurities.co.in

2. Volume: 1 | Issue: 360| September 21, 2010
CORPORATE NEWS SECTOR 17-Sep 16-Sep % Change
KSK Energy Ventures Ltd said that it had tied up $3.6 billion for its 3,600 megawatt thermal FMCG 3,688 3,563 3.50
power project in central India. Indian financial institution IFCI Ltd has agreed to invest $56 Realty 3,777 3,713 1.73
million for a 7.72 per cent stake in the project in the state of Chhattisgarh. Auto 9,397 9,276 1.31
Metal 16,700 16,489 1.28
Diversified business group Godrej Industries has set up a 50 million $venture capital fund along Consumer Goods 15,701 15,511 1.22
with a set of individuals to invest in agri start-ups. The new venture, Omnivore Capital, is Oil & Gas 10,857 10,736 1.13
targeting a corpus of 50 million $(about Rs 228 crore), to which Godrej will contribute ten per Bankex 13,896 13,745 1.10
cent. Teck 3,693 3,656 1.02
Consumer Durables 6,197 6,154 0.69
India's top state-run refiner, Indian Oil Corp, wants the government to free up diesel prices IT 5,879 5,844 0.59
ahead of a $2-billion-plus share sale, so as to raise the maximum funds from the offer. The sale of Healthcare 5,877 5,842 0.59
a 10 per cent stake by the government, along with the firm's plan to sell an additional 10 per cent PSU 10,299 10,242 0.55
of fresh shares, should come in January or February. Power 3,174 3,164 0.32
Piramal Life Sciences said that it has started phase-II clinical trials of a molecule, aimed at
treating diabetes, in Europe and India. Phase-II clinical trials are tests conducted on a small select
sample of human patients after passing the Phase-I, which is done on a smaller sample. The
phase-II study of 'P1736-05' is being developed for the treatment of type-2 diabetes, which
accounts for 95% of the diabetes population.
BSE Upper Circuit Breakers
Company Name 20-Sep 17-Sep % Change
State-run Coal India may scrap allotment under anchor investor plan of its mega initial public
CCL Products 319.3 266.10 20.00
offering as the government feels the selection of such investors-- in case their demand for the
issue exceeds the limit-- may not be transparent. Coromandel Engineering 436.3 363.60 20.00
Oscar Investment 600.3 545.7 10.00
High-tech solution provider Nexxoft Infotel said that it has bagged an order worth Rs 15.50 0 Milkfood 237.2 215.6 10.00
crore from an international hotel chain for providing security solutions. The contract has been Spenta International 21.0 20.0 5.00
received from an international hotel chain for its properties based in the Middle-East.
Magma Fincorp is betting on high- yield products to fuel growth of its asset financing business
in future.
SRF's board has approved investing 2.09 billion rupees in three projects over 12-18 months. The BSE Lower Circuit Breakers
company plans to invest 850 million rupees to expand the flexible multipurpose plant for Company Name 20-Sep 17-Sep % Change
production of fluoro-chemicals and 800 million rupees to expand the intermediate speciality Southern Ispat 11.2 12.4 (10.00)
plant at Dahej in the state of Gujarat. Rama Petro 10.7 11.2 (5.00)
NK Industries 67.5 71.1 (5.00)
State-run Rural Electrification Corporation said that the Reserve Bank has granted it the Spentex Industries 20.1 21.1 (5.00)
infrastructure finance company status which would allow the firm to lend more to power Scope Industries 145.8 153.4 (5.00)
projects. With IFC status, REC can now take an additional lending exposure of up to 5 per cent of
its owned funds in case of a single borrower and up to 10 per cent of its owned funds in case of a
group of borrowers.
The Shipping Corporation of India Ltd (SCI) said that it has accepted delivery of a Large Range-
I (LR-I) Product Tanker, m.t. Swarna Brahmaputra.
The Supreme Court on Monday issued notices to Ranbaxy and three others on a petition filed by
life sciences and laboratory solutions firm RFCL in a dispute over the trademark for animal feed
supplement Capsola.
COMMODITY / CURRENCY NEWS COMMODITY 20-Sep 17-Sep % Change
Crude Oil (USD/bbl) 74.5 73.5 1.26
Gold (Rs/10gm) 19,091.0 19,151.0 (0.31)
Light Sweet Crude Oil on Friday was up by 1.26% at $74.5 per barrel. Gold closed down by 0.31
Silver (Rs/kg) 32,146.0 32,281.0 (0.42)
% at Rs 19,091 and Silver closed down by 0.42% at 32,146.
The Indian Rupee closed higher against dollar by 0.67% at 45.61 as the Indian equity benchmarks CURRENCY 20-Sep 17-Sep % Change
ended on positive note. INR / USD 45.61 45.83 (0.48)
USD / Euro 1.31 1.30 0.68
Yen / USD 85.60 85.77 (0.20)
Disclaimer: This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for public distribution and has been
furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way unless you obtain written consent from FSWA. While reasonable care
to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other person or entity associated with it. The document is prepared only for your information and is not sufficient
for making an investment decision. You should rely on your own investigations and seek professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from
the use of this document or due to any inadvertent error in the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice prior to
making any investment decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not guaranteed. Also past performance of an investment
or fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes no liability or responsibility for investment results or losses arising out of investment
decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy any security or financial product. FSWA reserves the right to modify or alter the terms and conditions of the use of this
service or discontinue, temporarily or permanently, the information and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall not be liable to you for any suspension, modification,
or termination of the information and services provided herein.

3. Volume: 1 | Issue: 360| September 21, 2010
ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
Finance Minister Mr Pranab Mukherjee said that the Indian economy is expected to ABG Shipyard 240.6 242.7 0.89
grow at over 8.5 per cent in the current fiscal on the back of strong factory and Ispat Industries 24.3 24.5 0.82
foodgrain output. Hindustan Zinc 1090.0 1098.4 0.78
United Phosphorus 187.4 188.85 0.77
Anticipating better production in 2010-11 sugar year starting next month, the GTL 435.0 438.3 0.77
government may cut the quantity of sugar that mills have to contribute for supply Pantaloon Retail 500.1 503.85 0.76
through ration shops to 12 per cent of country's total output from the current 20 per Opto Circuit 321.9 315.9 (1.86)
cent. Ambuja Cement 145.5 144.5 (0.69)
DLF 365.7 364.3 (0.38)
The public accounts watchdog CAG has warned the telecom ministry against bailouts ACC 1021.1 1017.4 (0.36)
to mobile phone firms in violation of rules, a rare pre-emptive intervention by a Hero Honda 1821.3 1817.2 (0.23)
constitutional body whose relations with the government are increasingly growing testy. Moserbear 68.0 67.9 (0.22)
INSTITUTIONAL ACTIVITY (Rs Cr) 14-Sep 13-Sep YTD
FII Cash Net 1,723 2,636 64,120
FII Stock Futures (673) 595 1,549
FII Index Futures 1,625 26 (3,971)
Mutual Fund (668) (435) (16,098)
VALUATIONS P/E P/B DIV YLD
BSE 23.6 3.8 1.1
NSE 25.3 3.9 1.0
BSE500 Mcap/GDP Ratio 0.65
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Reliance Comm 175.0 5.14 Blue Star 502.5 8.12 CCL Products 319.3 19.99
ITC 176.6 4.93 Gujarat Mnrl 141.4 6.60 Om Metals 62.9 19.03
Hero Honda 1,819.8 3.96 MVL 84.2 5.39 Dunlop India 78.7 11.88
Hindustan Unilever 292.8 3.79 Brigade Enter 152.5 5.28 Vipul 23.1 11.59
HDFC 706.9 3.33 Bajaj Hind 132.3 5.17 Oscar Invest 600.3 10.00
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
AP Paper 195.4 -11.64 Edelweiss Capital 54.6 -5.87 Sterlite Industries 171.4 -1.10
Resurgere Mines 2.9 -8.06 Blue Dart 1,153.9 -5.46 NTPC 204.9 -0.51
Geodesic 96.4 -6.55 Sigrun Holdings 13.1 -4.93 TCS 910.6 -0.21
Indowind Ener 45.2 -6.13 Rajesh Exports 99.2 -4.57 BHEL 2440.8 -0.15
Take Solutions 35.1 -5.01 Puravankara Proj 126.1 -2.96 Tata Power 1264.0 -0.03
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Shree Ashtavinayak Cine Vision Satyam Realtors BUY 0.32% 28.75
Rana Sugars Indravarun Trade Impex BUY 0.98% 10.2
JK Tyre & Industries Harsh Stock Portfolio BUY 0.83% 190.9
Hercules Hoists Crosseas Capital Services SELL 1.67% 348.7
VLS Finance BP Fintrade SELL 0.79% 24.6
BSE
Birla Shloka Indravarun Trade Impex BUY 1.08% 30
Crew Bos Sahar Vyapar BUY 0.64% 158.5
EIH Associated OPG Securities SELL 0.63% 192.0
IFL Promoters Ravi Prakash Sharma SELL 0.78% 13.2
Oregon Commercials Kantaben K Patel SELL 0.67% 182.6
Disclaimer: This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for
public distribution and has been furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way
unless you obtain written consent from FSWA. While reasonable care to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other
person or entity associated with it. The document is prepared only for your information and is not sufficient for making an investment decision. You should rely on your own
investigations and seek professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from the use of this document or
due to any inadvertent error in the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice
prior to making any investment decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not
guaranteed. Also past performance of an investment or fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes
no liability or responsibility for investment results or losses arising out of investment decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy
any security or financial product. FSWA reserves the right to modify or alter the terms and conditions of the use of this service or discontinue, temporarily or permanently, the information
and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall not be liable to you for any suspension, modification, or termination of the information