The Indian stock market ended higher led by gains in banking, metal and capital goods stocks after positive state election results. The BSE Sensex rose 1.06% to close at 18,531 points. US stocks declined amid concerns over Europe's debt crisis and inflation concerns. Asian markets opened lower tracking declines in the US and Europe. Commodity prices were mixed with Brent crude oil rising 0.31% while gold gained 0.52%. The rupee closed flat against the US dollar. The RBI raised short-term lending rates but left key policy rates unchanged.

1. May 16, 2011
Volume: 1 | Issue: 389| November 1, 2010
INDIAN MARKET 13-May 12-May % Change COMMENTARY
BSE Sensex 18,531 18,336 1.06
NSE Nifty 5,545 5,486 1.07 INDIA
The Indian equity market ended a highly eventful day with stellar gains after Mamata Banerjee and
BSE Midcap 6,903 6,844 0.86
Jayalalithaa secured landslide victories and the Congress triumphed in Kerala and Assam. The day’s gains
BSE Smallcap 8,368 8,335 0.40 could have been higher but for the slide towards the close of trade.
Nifty Junior 11,185 11,064 1.10 Sentiment was buoyed by a growing feeling that with the ouster of the scam-tainted DMK in Tamil
CNX Midcap 8,035 7,941 1.18 Nadu, UPA II will just be able to pursue long-pending reforms and will be able to deal with the 2G scam
culprits much more effectively. The BSE Sensex ended at 18,531, up 195 points over the previous close. It had
earlier touched a day’s high of 18,724 and a day’s low of 18,280. It opened at 18,362. NSE Nifty was quoting
GLOBAL MARKETS 13-May 12-May % Change 5,545, up 58 points over the previous close. It earlier touched a day’s high of 5,605 and a day’s low of 5,472. It
Dow Jones Ind (USA) 12,596 12,697 (0.79) opened at 5,492.The market breadth was positive on the BSE with 1,582 shares rising and 1,187 shares
Nasdaq Composite(USA) 2,828 2,863 (1.21) declining.
S&P 500 (USA) 1,338 1,349 (0.81)
GLOBAL MARKETS
FTSE 100 (UK) 5,926 5,945 (0.32)
U.S. stocks declined, giving the Standard & Poor’s 500 Index a second straight weekly loss, as concern over
DAX (Germany) 7,403 7,444 (0.55) Europe’s debt crisis deepened and inflation reports spurred speculation global interest rates will rise. The
Nikkei 225 (Tokyo) 9,649 9,717 (0.70) S&P 500 lost 0.2 percent to 1,338 this week, including the biggest one-day decline since March. The Dow
Hang Seng (Hong Kong) 23,276 23,074 0.88 Jones Industrial Average fell 42.99 points, or 0.3 percent, to 12,596. The Dow fell during the first two weeks of
Shanghai Comp (China) 2,872 2,844 0.98 a month for the first time since July 2009. The S&P has advanced 6.4 percent in 2011 after 72 percent of its
KOSPI (South Korea)* 2,121 2,123 (0.09) companies that reported first-quarter results since April 11 topped the average analyst earnings projection.
STI (Singapore) 3,164 3,164 0.00 The index had fallen to 1,256.88 on March 16, below the measure’s Dec. 31 level, amid concern that Japan’s
MSCI Emerging Market 439 445 (1.35) earthquake and tsunami would curb global demand.
MSCI Frontier Market 562 562 (0.00)
Asian markets have opened up on negative mode with Singapore Strait Time Index down by 0.74% at
3139, Kospi is down by 0.64% at 2106, Nikkei is down by 0.80% at 9571 and Hang Seng is down by 0.92% at
23059.
BOND MARKETS 13-May 12-May Change
10yr G-Sec Yield 8.27 8.23 0.04 CORPORATE/ ECONOMY NEWS
1yr G-Sec Yield 7.76 8.20 (0.44) Singing a different tune than its foreign partners, Bajaj Auto said it will launch a four-wheeler
LIBOR (6m) 0.46 0.46 0.00 commercial vehicle in mid-2012 from the ultra-low cost car (ULC) platform, which was originally planned
LIBOR (1m) 0.25 0.25 0.00 to roll out a car with Franco-Japanese alliance Renault-Nissan.
Interbank Call rate 7.4 7.0 0.43
Essar Steel reported a 60.7% increase in crude steel production during the month of April to 3.97 lakh
tonne (LT).The company produced 2.47 LT of crude steel in the same month last year, Essar Steel said in a
statement.
BSE Turnover Rs Cr('000) Sensex
18650 3.0 Kishore Biyani led Future Capital Holdings has reported a 26% decline in consolidated profit after tax to
18600 Rs 44.15 crore for the year ended March 31, 2011, owing to one-time tax provisioning arising out of the
2.5
18550 merger of the company with its subsidiary.
18500 2.0
18450 India's private sector mortgage lender Dewan Housing (DHFL) expects loan growth in FY12 to slow
1.5
18400 down to 30-35% from a bullish 68% a year ago on surging interest rates and will raise up to Rs 11,000
18350 1.0 crore in the year, a top official said.
18300
0.5
18250 Moser Baer India plans to raise prices of its optical storage media products in the first two quarters of
18200 0.0
FY12, as the company battles to turn profitable amid a 30-40% surge in commodity prices, a top official
9-May 10-May 11-May 12-May 13-May said.
Textiles firm Arvind Ltd will get Rs 250 crore from sale of land to its equal joint venture with Tata
Housing for an integrated township project in Ahmedabad, a senior official told reuters. The total project
NSE Turnover Rs Cr('000) Nifty cost is estimated at Rs 1,250 crore and the company expects sales of over Rs 2,000 crore from it.
5580 12
5560 10 Cisco Systems Inc is expected to cut thousands of jobs in possibly its worst-ever round of layoffs to meet
5540 8 Chief Executive John Chambers' goal of slashing costs by $1 billion.
5520 88.38 #DIV/0!
6 Edelweiss Tokio Life Insurance Company Limited, a joint venture between the Edelweiss Group and
5500
4 Tokio Marine has been registered by Insurance Regulatory & Development Authority (Irda) to carry on
5480 the business as a life insurer.
5460 2
5440 0 In his first ever investment overseas, Wipro's billionaire chairman Azim Premji has invested around $15
9-May 10-May 11-May 12-May 13-May million in Vinod Khosla's clean-tech fund in the US, the biggest such fund focused on returns from Silicon
Valley's hottest start-ups.

2. May 16, 2011
Volume: 1 | Issue: 389| November 1, 2010
SECTOR 13-May 12-May % Change CORPORATE NEWS
FMCG 3,803 3,716 2.35% Drug firm Dr Reddy's Laboratories said its net profit declined by 34.48% to Rs 165.87
METAL 15,404 15,180 1.48% crore in the fourth quarter ended March 31, 2011.The company had posted a net profit of
HC 6,149 6,065 1.40% Rs 253.16 crore for the same period in the previous fiscal.
AUTO 9,222 9,099 1.35%
While there has been an increase in the global rate of software piracy, India has shown a
CG 12,689 12,521 1.34%
marginal decline in the same for the year 2010.The commercial value of software piracy
BANKEX 12,590 12,429 1.30% grew by 14% globally last year to a record total of $58.8 billion. However, in India, it
REALTY 2,178 2,153 1.13% declined to 64% from 65% in 2009, according to the 2010 BSA Global Software Piracy
POWER 2,593 2,576 0.66% Study.
CD 6,210 6,174 0.59%
IT 6,040 6,007 0.55% The Telecom Ministry has issued a showcause notice to Idea Cellular for the Karnataka
TECk 3,629 3,609 0.55% circle and Spice for the Andhra Pradesh circle for cancellation of licences on account of a
PSU 8,830 8,782 0.54% delay in network roll-out.
OIL&GAS 9,769 9,735 0.34%
Tata Housing Development Company said it will invest Rs 2,000 crore in the next three
years to build a luxury housing project in Gurgaon and also announced its plans to foray
into the overseas market this fiscal.
A special leave petition of SKS Microfinance, which included a prayer for a stay of the
Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Act, came up
BSE Upper Circuit Breakers for hearing in the Supreme Court.
Company Name 13-May 12-May % Change
Asahi Infrastructure 10.8 9.0 20.00 Persistent Systems has announced the expansion of the company’s board of directors
with the inclusion of Sanjay Bhattacharyya, former managing director, State Bank of India
Continental Petroleums 19.0 18.1 5.00
as an independent director on the board.
Neemtek Organic Products 136.8 130.3 5.00
Farry Industries 23.2 22.1 5.00 0
Drugmaker Wockhardt is in talks with a group of multinational firms to license its
Brilliant Securities 64.2 61.2 5.00 nutrition brand after a bid to sell the nutrition business met with opposition from
unsecured lenders last year.
Housing Development Finance Corp Bank, India's top mortgage lender, said it would
raise its retail prime lending rate on housing loans by 50 basis points with effect from
Monday.
BSE Lower Circuit Breakers
Jammu & Kashmir Bank today posted 15% jump in net profit at Rs 138.5 crore for the
Company Name 13-May 12-May % Change fourth quarter ended March 31, 2011. Total income of the bank increased to Rs 1,132.8
Sunteck Realty Ltd. 308.2 385.2 (20.00) crore in the January-March quarter from Rs 875.1 crore in the same period previous year.
Suryamba Sp 71.1 78.9 (9.90)
Sunraj Diamond Exports Ltd. 14.3 15.9 (9.90) Hotel Leelaventure Ltd said on its board will meet on May 23 to consider fund raising
Capital Trust Ltd. 54.2 57.1 (5.00) plans.
India Lease Development Ltd. 8.9 9.4 (5.00)
Air India (AI) plans to raise Rs 5,500 crore by issuing bonds to a consortium led by the
country's largest private sector lender, ICICI Bank, as part of its financial restructuring
exercise.The ailing state-owned carrier will use the money to refinance its high-interest
bearing loans taken to finance 21 Airbus A-320 aircraft in 2009. It hopes the move will
help reduce its interest burden by about Rs 180 crore a year.
Mumbai-based realty major Hiranandani Group plans to invest Rs 2,000-3,000 crore in
the next one year for developing residential complexes and commercial spaces, a top
company official has said.
COMMODITY 13-May 12-May % Change COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl) 112 112 0.31
Gold (Rs/10gm) 21,970 21,857 0.52 Brent Crude Oil closed 0.31% higher and closed at $112.35 per barrel. Gold closed up by
0.52% at Rs 21,970 and silver closed up by 4% at Rs 53,670.
Silver (Rs/kg) 53,670 51,600 4.01
CURRENCY 13-May 12-May % Change The Indian Rupee closed lower against the dollar at Rs 45 as the Indian equity benchmarks
INR / USD 45.00 44.99 0.01 ended on a positive note.
USD / Euro 1.41 1.41 0.11
Yen / USD 80.90 80.90 -

3. May 16, 2011
Volume: 1 | Issue: 389| November 1, 2010
FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS
Balampur chini 71.4 72.3 1.19
The Prime Minister's economic advisory panel has pitched for an early decision on
Container corporation 1126.7 1,138.0 1.00 freeing of diesel prices, saying that oil companies are incurring huge losses on account
JP Power 47.2 47.7 0.95 of difference between domestic and international prices.
SCI 108.6 109.6 0.92
TTML 16.7 16.8 0.90 The Supreme Court has asked Delhi International Airport (DIAL) to pay Rs 15 crore to
TV18 79.3 80.0 0.88 Municipal Corporation of Delhi as an interim measure against the Rs 70 crore demand in
FSL 18.4 18.6 0.82 property tax from the airport operator.
PFC 215.9 205.8 (4.70)
Core projects 296.1 289.8 (2.13) IMF chief and possible French presidential candidate Dominique Strauss-Kahn was
taken into police custody and is expected to be charged on Sunday with an alleged
Union bank 325.2 319.9 (1.63)
sexual assault of a hotel maid in New York City, police said.
Sun TV 409.4 404.8 (1.14)
Hero Honda 1798.0 1,780.0 (1.00) The head of Britain's armed forces urged Nato to "up the ante" in Libya by widening its
bombing campaign to include infrastructure targets,
INSTITUTIONAL ACTIVITY (Rs Cr) 9-May 6-May YTD
FII Cash Net 244 (351) 5,557 In the steepest hike ever, state- owned oil companies increased petrol price by about Rs
FII Stock Futures 253 775 (4,325) 5 per litre. The increase in petrol price, which the oil firms had been holding since
FII Index Futures 539 896 4,960 January even though crude oil had touched a two-and-a-half-year high, came a day after
Mutual Fund (103) 393 1,338 election results of five state assemblies were announced.
The map of West Bengal has turned green with intermittent patches of red as the
VALUATIONS P/E P/B DIV YLD
Mamata Banerjee-led Trinamool Congress swept to power bulldozing the CPIM-led Left
BSE 19.9 3.5 1.1 Front with a success rate of over 81%. The party which fielded candidates in 227 of the
NSE 20.6 3.5 1.2 294 constituencies bagged 184 seats with a success rate of 81.05%.
BSE500 Mcap/GDP Ratio 0.60
MOVERS & SHAKERS
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Name Rs %
Jaiprakash Asso 87.6 3.1 CMC 2693.7 20.98 Gemini Comm 23.6 18.34
ITC 189.5 3.1 Gujarat State Pet 104.1 5.95 English Indian 56.5 11.66
Hero Honda 1795.5 2.48 HT Media 157.9 5.27 Shanthi Gears 38.2 10.42
Jindal Steel 642.7 2.43 Techno Elec And Engg 241.7 5.18 Surya Pharma 22.8 9.90
Bajaj Auto 1337.3 2.17 SKS Microfinance 378.4 5 Supreme Infra 239.0 7.58
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Name Rs %
Reliance Comm 90.9 -0.49 Sunteck Realty 308.2 -19.99 MANDHANA 185.9 -15.92
Infosys 2880.1 -0.08 KGN Inds 66.2 -4.13 TRF 429.1 -14.96
HDFC 646.8 -0.05 Deccan Chron 78.9 -2.95 Excel Crop 209.2 -11.49
Phoenix Mills 200.0 -2.84 Empee Sugars 37.3 -9.90
Patni Computer 367.5 -2.67 Marg 94.5 -9.05
BULK DEALS
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
NSE
Bedmutha Indust Ltd Venkateswara Capital Managemen BUY 0.01% 111.3
Bharat Rasayan Ltd Shri Balaji Holdfin Limited BUY 0.28% 200.6
Innoventive Ind Ltd Amit Swarupchand Koradia BUY 0.71% 94.7
Acropetal Tech Ltd Basmati Securities Pvt Ltd SELL 0.50% 28.0
Paramount Printpack Ltd Transglobal Securities Ltd. SELL 0.54% 35.0
BSE
Amulya Leas Sangeeta Pareekh BUY 0.66% 43.0
Arunjyoti Enterprises M K Marketing BUY 0.39% 41.6
Asahi Infra Basmati Securities Private Limited BUY 3.57% 10.7
Bampsl Sec B.S.Khandelwal SELL 0.74% 3.6
Diamant Infrastructure Kiran Bhiku Bhanaes SELL 0.51% 56.8