This document provides a summary of market performance and key stock movements from November 8, 2010. The key Indian indices declined as heavyweight stocks such as ICICI Bank and Infosys fell. Sugar and cement stocks rose while consumer durable stocks declined. Power Grid Corporation's follow-on public offer was also announced opening on November 9 and closing on November 12 for various investors.

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Market Wrap Up
Nov 8, 2010
The key benchmark indices slipped back to day’s low during the final hour after recovering in mid-afternoon trade. Index
heavyweight Reliance Industries edged higher. Another index heavyweight Larsen & Toubro reversed initial losses. But, other
index heavyweights ICICI Bank and Infosys fell. Metal stocks traded firm in weak market. Sugar stocks also rose. But, consumer
durables stocks fell.
The BSE Sensex fell below the psychological 21000 mark after closing above that mark on friday. The market breadth was
negative. Global cues indicated no clear direction. European stocks opened lower. Asian stocks closed higher while US index
futures pared initial losses.
Power Grid Corporation’s follow-on offer (FPO) opens for bidding on Tuesday, 9 November 2010. The issue closes on Thursday
11 November 2010 for the qualified institutional bidders and on Friday 12 November 2010 for all other bidders. FPO price band
is fixed between Rs 85 to Rs 90 per Share, and 5% discount will be available to Retail investors and eligible employees at the
issue price on allotment.
The BSE 30-share Sensex was down 153 points or -0.73% at 20852 while NSE 50-share Nifty ended the day at 6273 down 39
points or -0.62%.
Stocks Performances
Sugar Stocks: Balrampur (+6.7%), Bajaj Hind (+6.7%), Shree Renuka (+4.8%)
Shares of sugar millers traded higher on firm international prices and hopes delay in
domestic crushing will lead to supply constraints.
Cement Stocks: Ambuja Cement (+7.7%), ACC (+2.4%), Jaiprakash Associate (+3.3%)
Cement prices may not come down, pan-India, having been rising since September
2010. The demand is expected to pick up after prolonged monsoon.
Metal stocks: Sterlite (+2.6%), Tata Steel (+1.5%), Sesa Goa (+1.4%)
Metal stocks rose as LMEX, a gauge of six metals traded on the London Metal Exchange
rose 0.27%
Consumer Durables Stocks: Rajesh Exports (-4%), Blue Star (-3%), Gitanjali (-2.7%)
Consumer durables stocks fell on profit taking.
Top 3 Sensex Gainers:
JP Associate (+3.3%),
Sterlite (+2.6%),
ACC (+2.4%)
Top 3 Sensex Losers:
HDFC Bank (-2.3%),
ONGC (-2.2%),
SBI (-1.9%)
Top 3 Sectoral Indices:
HC (+0.7%)
REALTY (+0.4%)
METAL (+0.3%)