The Indian stock markets ended the day with modest losses as benchmark indices erased early losses from political turmoil in Egypt. Key indices like the Sensex and Nifty recovered from lows. The Sensex closed at 18,328, down 0.37% and the Nifty closed at 5,506, down 0.11%. Several companies reported quarterly earnings with NTPC, Central Bank of India, and Shriram Transport Finance reporting profit growth while Colgate-Palmolive reported a decline. Commodity prices were mixed with crude oil up 1.68% while gold was down 0.57%.

1. February 1, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 31-Jan 28-Jan % Change COMMENTARY
BSE Sensex 18,328 18,396 (0.37) INDIA
NSE Nifty 5,506 5,512 (0.11) The Indian markets ended the day with modest losses as the benchmark indices erased most of the early
BSE Midcap 6,868 6,898 (0.43) losses that had resulted from the growing political turmoil in Egypt. After opening with a gap down, the
key Indian indices recouped early losses gradually amid a volatile session. The NSE Nifty managed to fill up
BSE Smallcap 8,478 8,546 (0.80)
the negative gap led by the ONGC, BHEL, L&T and RIL. Even the broader indices pulled back from the lows
Nifty Junior 10,916 10,854 0.57 of the day in late trades. The BSE Sensex lost 68 points to close at 18,328 and the NSE Nifty was down 6
CNX Midcap 7,923 7,881 0.54 points to end at 5,505.The midcap index ended at 6868, lower by 30 points and the smallcap index ended
at 8477, down 68 points.
GLOBAL MARKETS 31-Jan 28-Jan % Change The market breadth was weak. Out of 3006 stocks traded on the BSE, there were 1180 advancing stocks as
Dow Jones Ind (USA) 11,892 11,824 0.58 against 1660 declines.
Nasdaq Composite(USA) 2,700 2,687 0.48
S&P 500 (USA) 1,286 1,276 0.78 GLOBAL MARKETS.
FTSE 100 (UK) 5,863 5,881 (0.31) U.S. stocks rose, extending the second straight monthly gain for the Standard & Poor’s 500 Index, as
businesses expanded at the fastest pace since 1988 and consumer spending and Exxon Mobil Corp.’s profit
DAX (Germany) 7,077 7,102 (0.35)
beat estimates.Additionally a gauge of consumer spending in the U.S. rose more than forecast in
Nikkei 225 (Tokyo) 10,238 10,360 (1.18) December, capping its strongest quarter in more than four years. Purchases, which account for about 70
Hang Seng (Hong Kong) 23,447 23,617 (0.72) percent of the economy, increased 0.7 percent after climbing 0.3 percent the prior month,The S&P 500 rose
Shanghai Comp (China) 2,790 2,753 1.34 0.8 percent to 1,286 after sliding 1.8 percent on Jan. 28 amid protests demanding the ouster of Egyptian
KOSPI (South Korea) 2,070 2,108 (1.80) President Hosni Mubarak. The index gained 2.3 percent in January. The Dow Jones Industrial
STI (Singapore) 3,179 3,230 (1.57) Average added 0.58 percent, to 11,892.Nasdaq closed at a highest point of the days at 2,700 up by 0.48%.
MSCI Emerging Market 425 433 (1.85) Asian markets have opened up in green on the back of imporved earnings, higher oil and metal prices
MSCI Frontier Market 600 613 (2.12) boosted commodity companies and U.S. consumer spending climbed.Nikkei is up by 0.40% Hang Seng has
opened up in green.
BOND MARKETS 31-Jan 28-Jan Change CORPORATE/ ECONOMY NEWS
10yr G-Sec Yield 8.16 8.17 (0.01) The country's largest power producer NTPC posted a meagre rise of 0.25 per cent in its net profit at Rs
1yr G-Sec Yield 7.22 7.22 0.00 2,371 crore for the quarter ended December 31, 2010.NTPC had posted a net profit of Rs 2,365 crore
LIBOR (6m) 0.46 0.46 0.00 during the same quarter of the last financial year.However, NTPC reported 20 per cent jump in its net sales
LIBOR (1m) 0.26 0.25 0.01 at Rs 13,421 crore from Rs 11,183 crore in the corresponding quarter of the previous financial year, it said.
Interbank Call rate 6.9 6.7 0.26
Public sector lender Central Bank of India reported a 31.68 per cent increase in its net profit to Rs 403.52
crore for the quarter ended December 31, 2010.The bank had a net profit of Rs 306.44 crore in the
corresponding period of the previous financial year.
BSE Turnover Rs Cr('000) Sensex
19400 4.5 Infrastructure Development Finance Company Ltd has posted a net profit of Rs. 3042.255 mn for the
19200 4.0 quarter ended December 31, 2010 as compared to Rs. 2401.096 mn for the quarter ended December
19000 3.5 31, 2009.
18800 3.0
2.5 Public sector lender Canara Bank reported a jump of 5.05 per cent in its net profit at Rs 1,105.73 crore for
18600
2.0 the quarter ending December 31, 2010.Bank's net profit in October-December 2009-10 quarter was Rs
18400 1.5 1,052.58 crore.
18200 1.0
18000 0.5 Non-banking finance company Shriram Transport Finance reported a 27.26 per cent growth in net
17800 0.0 profit at Rs 301.36 crore for the third quarter ended December 31, 2010.The company had a net profit of
24-Jan 25-Jan 27-Jan 28-Jan 31-Jan Rs 236.81 crore in the corresponding period last year.
IT hardware firm HCL Infosystems said it has bagged Rs 250-crore order from the public sector telephone
service provider Bharat Sanchar Nigam Limited (BSNL).
NSE Turnover Rs Cr('000) Nifty
5800 18 Hotel Leela Venture reported a 23.63 per cent dip in net profit for the quarter ended December
5750 16 31, 2010, to Rs 22.04 crore.The hospitality major had posted a net profit of Rs 28.86 crore in the October-
5700 14 December quarter last fiscal.
5650 12
5600 88.38 #DIV/0!
10
5550 8 Aditya Birla Group has reached an agreement to buy US-based Columbian Chemicals for about $800
5500 6 million, a business daily reported on Monday, citing unnamed sources with direct knowledge of the deal.
5450 4
5400 2 Hindustan Oil Exploration Company Ltd has posted a net profit of Rs. 202.672 mn for the quarter ended
5350 0 December 31, 2010 as compared to Rs. 103.546 mn for the quarter ended December 31, 2009.
24-Jan 25-Jan 27-Jan 28-Jan 31-Jan Total Income has increased from Rs. 361.308 mn for the quarter ended December 31, 2009 to Rs. 877.864
mn for the quarter ended December 31, 2010.
`

2. February 1, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 31-Jan 28-Jan % Change CORPORATE NEWS
Capital Goods 13,526 13,099 3.26 State-run explorer Oil and Natural Gas Corporation (ONGC) may take part in development of
Power 2,744 2,709 1.31 Russia's Trebs and Titov Arctic oilfields together with mid-size Russian group Bashneft.
Consumer Durables 5,996 5,923 1.22
Oil&Gas 9,482 9,368 1.22 Tractor maker Escorts reported 8.55 per cent increase in its net profit for the quarter ended
December 31, 2010, at Rs 25.4 crore on account of robust demand.The company had posted a
PSU 8,707 8,637 0.81 net profit of Rs 23.4 crore in the corresponding period previous fiscal.
Healthcare 6,237 6,191 0.74
Bankex 12,064 11,987 0.64 Steel pipemaker Jindal Saw posted a 26.5 per cent dip in net profit for October-December on
Auto 8,895 8,842 0.60 weak sales, and said it plans to raise long-term funds for capital expenditure.Profit for October-
December was Rs 125 crore, while sales fell 22 per cent to Rs 1,063 crore.
Metal 16,116 16,076 0.25
IT 6,371 6,466 (1.47) Telecom Tower firm Indus Towers said that it plans to add nearly 5,000 telecom tower every year
Teck 3,734 3,791 (1.52) for the next five years and expects to be a over $2 billion company in the current fiscal.
FMCG 3,366 3,435 (2.00)
(2.23) Drug firm Ranbaxy Laboratories said that it has signed a memorandum of understanding
Realty 2,229 2,280
(MoU) with the government of Yaroslavl region in Russia for cooperation in the field of healthcare
and medical science.
Plywood maker Greenply Industries reported 48.38 per cent decline in its net profit for the
quarter ended December 31, 2010, at Rs 7.19 crore due to losses incurred by two new
facilities.The company had posted a net profit of Rs 13.93 crore in the corresponding period
previous year.
BSE Upper Circuit Breakers
Company Name 31-Jan 28-Jan % Change Indian Hotels Company that operates Taj hotels, resorts and palaces posted a 22.48 per cent
Bihar Sponge 11.0 9.2 20.00 decline in its net profit at Rs 50.29 crore for the quarter ended December 31, 2010.
In the same quarter last fiscal, the company's net profit was Rs 64.88 crore.
Rishiroop Rubber 10.2 8.5 20.00
Sandesh 301.6 251.4 20.00 Phillips Carbon Black Ltd (PCBL) said its net profit for the third quarter ended December 2010
Amrit Corp 206.9 188.1 10.00 was down to Rs 0
30.03 crore, as compared to Rs 33.63 crore during the corresponding quarter last
PBM Polytex 46.8 42.6 10.00 year.
Real estate firm DB Realty reported 71 per cent increase in its consolidated net profit to Rs 108.7
crore for the quarter ended December 31, as against Rs 6.37 crore in the year-ago period.The
revenue rose by 51 per cent to Rs 273.2 crore during the October-December quarter, as
compared with Rs 181.3 crore in the corresponding quarter last fiscal.
Sun Pharmaceutical Industries posted a consolidated net profit (after minority interest) of Rs
BSE Lower Circuit Breakers 350.15 crore for the third quarter ended December 31, 2010.The company had a net profit of Rs
Company Name 31-Jan 28-Jan % Change 338.95 crore in the same period last fiscal.
Arunjyoti Enterprises 50.9 56.6 (10.00)
Damodar Treads 44.2 49.1 (10.00) State-run Andhra Bank reported a growth of 20.16 per cent in its net profit at Rs 330.91 crore for
the third quarter ended December 31, 2010.It had a net profit of Rs 275.39 crore during the same
Jay Energy 100.3 105.5 (5.00) quarter of last fiscal.
Kemp & Co 295.3 310.8 (5.00)
Binny 105.9 111.5 (5.00) FMCG firm Colgate-Palmolive (India) reported a 43.09 per cent decline in net profit-after-tax for
the quarter ended December 31, 2010, to Rs 66.24 crore, mainly due to high spending on
advertising activities.The company had posted a net profit-after-tax of Rs 116.39 crore for the
corresponding quarter of the previous year.
Drug firm Aurobindo Pharma said it has received tentative approval from the US health
regulator to manufacture and market generic Famciclovir tablets for treatment of herpes virus
infections.
Media firm Jagran Prakashan has reported a 32.50 per cent growth in its net profit at Rs 52.64
crore for the quarter ended December 31, 2010.The company had posted a net profit of Rs 39.73
crore in the October-December quarter last fiscal.
COMMODITY 31-Jan 28-Jan % Change COMMODITY / CURRENCY NEWS
Crude Oil (USD/bbl) 91.2 89.7 1.68
Gold (Rs/10gm) 19,922.0 20,036.0 (0.57)
Silver (Rs/kg) 43,705.0 43,105.0 1.39 Light Sweet Crude Oil on Monday was up by 1.68% at $91.2 per barrel. Gold closed
down by 0.57% at Rs 19,922 and Silver closed up by 1.39% at Rs. 43,705.
CURRENCY 31-Jan 28-Jan % Change The Indian Rupee closed lower against the dollar at 45.96 as the Indian equity
INR / USD 45.96 45.75 0.46 benchmarks ended on negative note.
USD / Euro 1.36 1.36 -
Yen / USD 82.08 82.63 (0.67)

3. February 1, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
IGL 310.6 315.2 1.48 India's carpet exports jumped over 32 per cent to $56.9 million in December
HEXAWARE 112.7 114.0 1.11 2010, year-on-year due to an increase in demand from the European market.The
JPPOWER 45.1 45.6 1.11 carpet exports stood at $42.88 million in December 2009, according to the Carpet
OPTOCIRCUI 244.5 247.1 1.06 Export Promotion Council (CEPC) data.
SREINFRA 80.1 81.0 1.06
RUCHISOYA 107.5 108.6 1.02 Per capita income of Indians grew by 14.5 per cent to Rs 46,492 in 2009-10 from Rs
SCI 114.3 111.9 (2.10) 40,605 in the year-ago period, as per the revised data released by the government
.The new per capita income figure estimates on current market prices is over Rs
MARUTI 1252.9 1,237.0 (1.27)
2,000 more than the previous estimate of Rs 44,345 calculated by the Central
NTPC 189.1 187.2 (1.01) Statistical Organisation.
ACC 991.7 981.8 (1.00)
PNB 1104.5 1,096.0 (0.77) The government revised the GDP growth rate for the 2009-10 financial year upward
NATIONALUM 393.1 391.6 (0.37) to 8 per cent from the earlier estimate of 7.4 per cent on the back of improved
performance of the manufacturing and services sectors.
INSTITUTIONAL ACTIVITY (Rs Cr) 21-Jan 20-Jan YTD
FII Cash Net (835) 38 129,439 Diversified business house Godrej said that it will invest up to Rs 1,500 crore to
FII Stock Futures 82 3,999 (12,040) develop a real estate project, comprising luxury homes and a five-star hotel in
FII Index Futures (814) (923) (10,840) Mumbai over the next six years.
Mutual Fund 28 71 (27,937)
Life Insurance Corporation (LIC) said that it has crossed the landmark 2.5 crore
policies in the current year as of January 29.
VALUATIONS P/E P/B DIV YLD
BSE 20.0 3.5 1.1
NSE 21.0 3.6 1.1
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 %
ONGC 1,177.55 3.69 United Brew 473.35 7.67 Surana Inds 320 18.17
BHEL 2,217.50 2.98 Edelweiss Cap 41.5 6.14 Shrenuj 46.05 17.32
Hindalco Inds 229.40 2.73 KEC Intl 88.85 5.65 GEI Indl 198.95 11.36
L&T 1,641.15 2.19 Cholamandalam Inv 174.9 5.49 Astra Micro 46.1 9.89
Mahindra & Mahindra 712.05 2.18 Shree Global Trd 278.45 5.23 Bhansali Engr 39 9.4
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Jaiprakash Asso 83.35 -4.69 Jain Irrigation 191.45 -10.81 Nagarjuna Agrichm 120.4 -14.09
ITC 162.95 -3.18 Ramky Infra 253.25 -8.89 Hawkins Cook 995.15 -11.44
HDFC 629.75 -2.73 CMC 1948 -5.8 Relaxo Foot 304 -9.73
Bharti Airtel 318.55 -2.61 Nava Bharat Vent 287.75 -5.72 Dolphin Offsh 168 -7.39
Reliance Infra 707.70 -2.31 Sanwaria Agro 125 -5.16 Simplex Proj 190 -7.36
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Nu Tek India Trans Financial Resources Ltd BUY 3.23% 17.6
Emami Infrastructure Crosseas Capital Services Pvt. Ltd. BUY 2.45% 47.6
Kalindee Rail Nirman (Eng Crosseas Capital Services Pvt. Ltd. BUY 3.60% 197.5
Subex Manish Vrajlal Sarvaiya SELL 1.23% 84.0
Fiem Industries Fiem Industries Limited SELL 2.57% 176.0
BSE
Vivimed Labs Niraj Rajnikant Shah BUY 4.54% 304.0
Gravita India Crosseas Capital Services BUY 1.50% 266.1
Everonn H P Share Shoppe BUY 2.34% 693.5
XPRO India Chander Kanta SELL 2.30% 70.3
Suryajyoti Spi Dinesh Shah SELL 1.22% 51.0