The document provides an overview of the Indian stock market and economic news from August 11, 2011. It includes: 1) A snapshot of index performance showing the Sensex up 1.62% on gains in banking, auto and IT stocks. 2) Details of FII and MF activity and buying in equity markets. 3) A forecast of a weak opening for Indian markets due to losses in Asian markets but potential recovery later in the day. 4) Notes on economic developments including lowering growth targets and decisions on sugar and wheat exports.

1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Thursday, August 11, 2011
Domestic Markets Snapshot
Name of Index Aug 9 Aug 10 Change (%) Views on markets today
Sensex 16,857.91 17,130.51 1.62% • Indian equity markets after being battered for six
CNX Nifty 5,072.85 5,161.00 1.74% consecutive sessions made a smart comeback on
BSE Mid-cap 6,406.07 6,554.22 2.31% Wednesday and ended 272.60 points or 1.62% higher
BSE IT 5,041.44 5,163.08 2.41% at 17130.51 as US Federal Reserve pledged to keep
BSE Banks 11,675.18 11,953.78 2.39% interest rates low for 2 years more further added by
the confidence on the stabilization of markets in next
FII Activity (`Cr) few days said by the Indian finance minister. Asian
Date Buy Sell Net markets tailing the trajectory of the US stocks which
9-Aug 2415 4376 -1961 rose to a two high after the US Federal Reserve
8-Aug 1857 2967 -1110 stepped in to stem a global equity route, ended
Total Aug 14486 20039 -5553 substantially higher. Meanwhile, the European shares
rose on Wednesday extending the previous day’s
2011 YTD 398079 394898 3181
gains in a volatile session as investors bought oversold
MF Activity (`Cr) stocks in a relief rally. On the BSE Sectoral front, Auto
Date Buy Sell Net up 4.17%, Realty up 2.98%, Consumer Durables up
8-Aug 926 601 325 2.61%, IT up 2.41% and Bankex up 2.39% were the
5-Aug 1212 855 357
major gainers. On the flip side, FMCG down 0.47% and
Oil & Gas down 0.19% were only the losers.
Total Aug 4061 3470 591
2011 YTD 83723 79627 4368 • Market breadth was very strong at ~3.17x due to the
favorable global cues further added stability in the
Volume & Advances / Declines country as said by finance minister yesterday. Both
NSE BSE FIIs and Domestic institution bought equities worth
Trading Volume (`Cr) 12,081 2,828 `152.87 Cr and `289.95 Cr.
Advances 1,238 2,205 • Asian stocks declined Thursday, as fresh worries about
Declines 248 696 Europe’s sovereign-debt troubles soured sentiment.
Unchanged 25 84 However, most of the markets are off their day lows.
Total 1,511 2,985 • We expect a weak opening for the Indian markets as
Global Markets the cues from the Asian markets are negative.
However, considering the current trend markets may
Index Latest Values Change (%)
see some recovery during the day. Inflation may add
DJIA 10,719.94 -4.6% to the volatility.
NASDAQ 2,381.05 -4.1%
Nikkei * 8,922.32 -1.3% Economic and Corporate Developments
Hang Seng * 19,660.63 -0.6%
• As the global economy slips into further uncertainty,
* as of 8.45AM IST the Planning Commission said it was likely to lower its
Currencies / Commodities Snapshot average annual economic growth target for the 12th
Latest Previous five-year plan (2012-17) to 8.5 to 8.7%, as against the
Quote Close 9 to 9.5% contemplated earlier.
Indian Rupee per $ 45.16 45.25 • An Empowered Group of Ministers (EGoM) on food,
Indian Rupee per € 64.23 64.95 headed by Finance Minister Pranab Mukherjee, is
NYMEX Crude Oil($/bbl) 82.72 82.89 scheduled to meet on Friday to decide on allowing
Gold ($/oz) 1,785.90 1,784.30 more sugar exports and lifting ban on wheat exports.
Silver ($/oz) 38.97 39.29
Keynote Capitals Institutional Research (research@keynoteindia.net) (+9122-30266000)
Keynote Capitals Institutional Research is also available on
Bloomberg KNTE <GO>, Thomson One Analytics, Reuters Knowledge, Capital IQ, TheMarkets.com and securities.com
Keynote Capitals Institutional Research - winner of “India’s Best IPO Analyst Award 2009” by MCX-Zee Business
To unsubscribe from this mailing list, please reply to unsubscribe@keynotecapitals.net

2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS
(BSE A-Group) Key events today
Previous Current Change • WPI based weekly food and fuel inflation data.
Company Name
Close (`) Price (`) (%)
Rashtriya Chem 72.45 81.60 12.63 Buzzing Stock
Chambal Fert 93.20 102.90 10.41
• Fortis Healthcare International planning to buy 65%
National Fert 80.65 87.85 8.93 stake in Vietnam- based Hoan My Medical
Shriram Trans 598.20 650.30 8.71 Corporation for `285Cr.
JUBL FOOD 763.80 825.00 8.01
• Piramal Healthcare to buy 5.5% stake in Vodafone
(BSE Mid-Cap) Essar for $640 million.
Previous Current Change • Leela group set to sell its property in Kovalam near
Company Name
Close(`) Price(`) (%)
Kerala for `500Cr to NRI Ravi Pillai.
Page Inds 1983.85 2380.60 20.00
Monsanto India 1608.15 1873.15 16.48 • Unity Infraprojects bags projects worth `253Cr.
Rashtriya Chem 72.45 81.60 12.63 • Neyveli Lignite is seen eyeing three of the NTPC’s
TTK Prestige 2759.90 3074.70 11.41 coal block in Jharkhand even as power ministry has
India Sec 46.75 51.95 11.12 asked for a review of coal ministry’s decision to de-
allocate these blocks.
TOP LOSERS • NHPC Ltd plans to raise `2,000Cr in debt by March as
(BSE A-Group) it looks to boost capacity.
Previous Current Change
Company Name
Close(`) Price(`) (%) US markets
Great Eastern Sh 247.50 237.05 -4.22 US markets dropped sharply on Wednesday as
Indian Oil Corp 338.20 326.35 -3.50 worries intensified about Europe’s sovereign-debt
Torrent Power 223.00 217.70 -2.38 crisis. The Dow Jones Industrial Average fell 519.83
ONGC 286.20 279.85 -2.22 points, or 4.6%, to 10,719.94. The Standard & Poor’s
Financial Tech 781.95 766.60 -1.96 500 Index dropped 51.77 points, or 4.4%, to
(BSE Mid-Cap) 1,120.76, with financials slammed the hardest and
utilities faring the best of its 10 major industry
Previous Current Change
Company Name groups. The Nasdaq Composite Index shed 101.47
Close(`) Price(`) (%)
points, or 4.1%, to 2,381.05. The markets had been
KGN Inds 42.50 40.40 -4.94
hampered by the investors after the rumor came
Polaris Soft 146.65 140.35 -4.30
that S&P will downgrade France.
Great Eastern Sh 247.50 237.05 -4.22
Mindtree 403.25 389.05 -3.52
Bajaj Elect-$ 205.75 199.45 -3.06
KEYNOTE CAPITALS LTD.
4th Floor, Balmer Lawrie Building, 5, J. N. Heredia Marg, Ballard Estate, Mumbai 400 001. INDIA
Tel. : 9122-2269 4322 / 24 / 25 • www.keynoteindia.net
Disclaimer: This report is purely for information purpose and is based on public information. News content is attributable to
various media, unless specified otherwise. All market related statistical data pertains to the immediately preceding trading day,
unless stated otherwise. Neither the information nor any opinion expressed in this report constitutes an offer, or an invitation to
make an offer, to buy or sell the securities mentioned herein. We or any of our directors, officers or employees shall not in any
way be responsible for any loss arising from the use of this report. Investors are advised to apply their own judgment before
acting on the contents of this report. The report has not been edited due to time constraints.