Market Wrap Up for October 11, 2010 to help you make informed decisions before investing.

1. Market Wrap Up
Oct 11, 2010
Markets witnessed profit booking immediately after a strong opening. During the course of the day, markets lost all the gains
as the investors turned cautious. The key indices regained strength in last hour of trade on account of positive European
markets. US index futures edged higher as expectations continued to build that the Federal Reserve and other central banks
will step in to boost the economy. The market breadth was strong. Mid and small-cap indices on BSE outperformed the Sensex.
Index heavyweight Reliance Industries (RIL) held firm at higher level.
The BSE 30-share Sensex was up 90 points or 0.44% at 20340 while NSE 50-share Nifty ended the day at 6136 up 32 points or
0.53%.
Stocks Performances
Fertiliser Stocks: Chambal Fert. (+9.9%), Nagarjuna Fert. (+8.7%), RCF (+8.7%)
Rationale: Fertiliser demand is estimated to increase by around 1.5 million tonnes to
27.4 million tonnes (MT) during the ongoing rabi season compared to the requirement
Top 3 Sensex Gainers:
in the last year's winter crop season. The requirement would go up this year due to an
Tata Motors (+4%),
expected increase in area under sowing during the rabi season.
Sterlite Ind (+3.2%),
Rel Infra (+2.1%)
Rice Stocks: REI Agro (+8%), Lakshmi Over (+7.7%), KRBL (+9.9%), Kohinoor (+7.3%)
Rationale: The rice market may be in the early stages of a rerun and might escalate by Top 3 Sensex Losers:
as much as 40 percent in the coming weeks due to the massive flooding in Pakistan and Bharti Airtel (-2.4%),
China and drought in Philippines. Philippines may buy 5-6 lakh tons while Indonesia HDFC Bank (-0.7%),
may buy 8.5 lakh ton by this year end. HUL (-0.6%)
Auto and Batteries Stocks: Exide Ind(+5.3%), Amararaja (+4.1%), Ashok Leyland Top 3 Sectoral Indices:
(+4.2%), Tata Motors (+4%) Auto (+1.9%),
Rationale: Auto stocks rose on expectations of pickup in demand during the upcoming Metal (+1.6%),
festive season which starts with Dussehra on 17 October 2010. Auto Battery companies Oil and Gas (+1.3%)
are expected to post strong set of numbers due to healthy demand from the industry.
Metal Stocks: Jindal South (+3.8%), Sterlite Ind (+3.1%), Tata Steel (+2%)
Rationale: The metal prices witnessed gains mainly on the back of weakness in the US
Dollar Index. Moreover, falling inventory levels on the LME warehouse also acted as a
positive support for the base metals prices.
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