Week ending July 31, 2009

Technical Analysis

Downturn is expected

The Indian market was highly volatile during the week.

Nifty breached the key resistance level of 4,620 and
managed to close around 4,636. From the last few
weeks, Indian market has shown good strength and
positive momentum but Nifty will face difficulty to
maintain this momentum further with the end of first
quarter result session along with confirmation of poor
monsoon in northern india, the market is expected to
take downturn. Technical indicators (Slow Stochastic,
RSI) are supporting this view. Slow Stochastic is
indicating a bearish signal as %K (Slow stochastic) rose
above 70 levels and turned back below % D. RSI is also
moving near overbought region at 70 levels. Hence,
profit booking will occur in near term and a wide
correction is due in the range of 6 to 8% in forthcoming
trading sessions.

Next week market is likely to show some uptrend in

initial trading sessions, thereafter market is likely to
show a major correction when it will trade between in
the range of 4,680-4,700 which is the Strong resistance
for Nifty. Downside the level of 4,350 will play as a
support for immediate term. Major correction could be
seen in Metal, IT and Reality stock.

Indian Equity Market

Indian markets registered decent gains this week amid Daily Movement of Nifty
high volatility mirroring strong cues from its global 4,650
counterparts on the back of improved set of economic
data and encouraging quarterly results of domestic as
4,600
well as global companies. Sensex and Nifty crossed the
Nifty Level

psychological mark of 15,500 and 4,650 respectively.

4,550
Sensex made 52 weeks closing high with FMCG, IT
Auto and Metal shares leading the gains while
Consumer durable and oil & Gas sectors were among 4,500
losers.. Sensex gained by 291.35 points, or 1.89 %, to
15,670.31 for the week ended July 31, 2009. On the 4,450
other hand, the broad based Nifty rose by 67.90 points,
or 1.48%, to 4,636.45 for the same period. 4,400
27-Jul 28-Jul 29-Jul 30-Jul 31-Jul
Indian markets belled the week on a subdued note as High Price 4,596.75 4,599.90 4,573.85 4,582.35 4,669.75
investors got hurt on account of unsatisfactory results of Low Price 4,528.50 4,529.15 4,420.80 4,474.50 4,571.60
Reliance Industries for Q1FY10. Further, Indian
Close Price 4,572.30 4,564.10 4,513.50 4,571.45 4,636.45
benchmark indices gained some ground on buying
emerged at lower level though investors were cautious
 Week ending July 31, 2009

ahead of F&O expiry and the RBI’s quarterly policy Daily Movement of Sensex, Net FIIs & MF investment
review. Further, Market ignored positive cues from Asian 1,100 15,700
markets and remained choppy after the announcement
900 15,600
of the RBI’s quarterly monetary policy review. The RBI

Sensex Level
700

(Rs. crores)
Investment
has kept the key rates unchanged. On the other hand, 15,500
RBI remained optimistic about the GDP growth as it 500
15,400
expected GDP to grow at 6% in FY10 with an upward 300
bias. Further the RBI has increased the inflation forecast 15,300
100
to 5%. The Realty index remained in the lime light on -100 15,200
account of the government’s latest announcement of tax
-300 15,100
benefits as well as keeping the policy rates unchanged 27-Jul 28-Jul 29-Jul 30-Jul 31-Jul
by RBI in its quarterly monetary policy review. However,
thereafter markets plunged following weak cues from MF -176.80 132.60 -292.30 -49.20
Chinese market. The Chinese government has slashed FII 1,050.60 446.10 738.10 139.10 1,184.00
gasoline prices, which led heavy selling into metal, Sensex 15,375.04 15,331.94 15,173.46 15,387.96 15,670.31
energy and realty stocks in China. Consequently,
Source for FII & MF: Sebi
China’s SSE composite slumped over 7%. In later of the
week, markets made a smart recovery on the back of Weekly return on BSE Sectoral Indices
better than expected results of NTPC, SBI, PNB and
Mahindra & Mahindra. Firm global cues also fueled 7
6.14
investor’s sentiments. Inflation for week ended July 18 6
4.85
came (-) 1.51% vs (-) 1.17% for the previous week, 5
remained in the negative territory for the seventh
4
Return (%)

successive week. 3.04 3.12

3 2.29 2.31
Foreign Institutional Investors were net buyers in equity 2 1.57
during the week to the tune of Rs 3,557.90 crore while, 1 0.14
Mutual funds sold equity worth Rs 385.70 crore during
the week. 0
FMCG
Bankex

Realty
Metal
Auto

IT
CG

Power
CD

HC

Oil & Gas

-1
Nifty Top Gainers -2 -0.64
Company % Return -1.58
Ambuja Cement 14.09 -1.20

Tata Motors 13.06 Weekly Price Movement of ADR

Tata Power 11.02 Price (USD) %
Security Name as on Change from
30-07-09 23-07-09
Nifty Top Loser Dr. Reddy's Labs 16.85 3.37
Company % Return HDFC Bank 96.15 -4.05
Hero Honda Motor -7.48 ICICI bank 31.06 -6.78
GAIL (India) -6.03 Infosys 42.21 -0.05
Sun Pharma -5.76 MTNL 4.37 3.80
Patni Computer 14.9 24.48
Weekly Price Movement of GDR 3.09 7.29
Rediff
%
Price (USD) Change Satyam 5.16 3.20
Security Name 1.8 -4.26
as on 30-07-09 from Sify
23-07-09 Sterlite Inds 13.25 1.07
L&T 31.59 1.77 Tata Motor 10.48 10.55
M&M 79.55 -5.25 Wipro 14.39 3.15
RIL 71.3 -1.66 WNS Hold 12.82 -1.00
 Week ending July 31, 2009

Global Equity Markets

US markets posted strong gains during the week (till Weekly return on major Global Indices
Thursday), fueled by stabilizing earnings and economic
figures. Moderate upside was seen following the IBM 5
announced that it has entered into a definitive
agreement to acquire SPSS Inc. The all-cash 4.15
transaction has a price of USD 50 per share, resulting in 4
a total cash consideration of approximately USD 1.2
billion. Investors also delved into a slew of earnings 2.96

Return (%)
reports, with Visa, Exxon Mobil, Master Card, American 3
Express, Amazon.com, Black & Decker and
Schlumberger reporting results, which firmly beat Wall 1.83 1.89
Street estimates. On the economic front, new home 2
1.30 1.57
sales jumped by 11% to an annual rate of 3,84,000 in
1.07 1.17
June and consumer confidence index fell to 46.6 in July 0.94
from an unrevised 49.3 in June. The durable goods 1 0.54
orders fell 2.5% in June and jobless claims rose to
5,84,000 for the week ended July 25th 2009, from the

NIKKEI 225
DJI

FTSE 100
Nasdaq

S&P 500

CAC 40

Hang Seng

Composite
Compo.

Sensex
NYSE
0

BSE
previous week's revised figure of 5,59,000.

SSE
Asian markets gained during the week on positive
earnings momentum helped by a solid run on Wall Data of US & European markets taken from July 23 to July 30, 2009
Street. Japan's Nikkei 225 rose buoyed by hopes for
better than previously expected results in Japan's
corporate earnings season. High-tech, property and
auto shares also boosted investor’s confidence. China's
SSE Composite climbed led by property developers and
power generators.

Weekly Change in the Composites of S&P 500

European markets post modest gains during the week. Adj. Market Cap Adj. Market
Markets belled the week on a buoyant note with positive %
Industry as on Cap as on
US new home sales data and rising energy shares Change
30-07-09 23-07-09
which surged in line with crude oil prices. Markets fell
Energy 10,36,043 10,49,613 -1.29
sharply, though, on the second day of the week dragged
by banking and oil shares after Deutsche Bank raised its Materials 2,91,657 2,88,492 1.10
loan loss provisions in the second quarter while BP Industries 8,60,054 8,42,070 2.14
reported a halving in second quarter profits due to lower Consumer
oil prices and weaker refining margins. Sentiments were Discretionary 7,87,928 7,80,745 0.92
further dampened after private-sector loans growth Consumer Staples 10,25,234 10,12,327 1.27
slowed to a record low of 1.5% in June in Euro zone
Health Care 11,96,598 11,70,358 2.24
indicating financing constraints. However, markets
recovered smartly on the back of encouraging corporate Financials 11,89,650 11,53,330 3.15
earnings from almost all the sectors. Stronger-than- IT 16,24,369 16,27,376 -0.18
expected earnings results have given European equities Telecom Services 2,96,766 2,89,999 2.33
highest closing level in nearly nine months this week.
Utilities 3,45,079 3,43,267 0.53

Key Events
Global Key Events
ƒ U.S. New Home Sales rise a strong 11% in June to
384,000 annualized units, smartly outpacing
expectations of a 3% rise. The rise in new home
sales helped work off inventories of unsold homes
which inventories declined to 281,000 from the prior
month’s 293,000.
ƒ Confidence among U.S. consumers fell more than
forecast in July, reflecting a surge in unemployment
that threatens to undermine household spending. The
Conference Board’s confidence index dropped to
46.6, a second consecutive decline, following a
reading of 49.3 in June.
ƒ US Commerce Department data showed that new
durable goods orders fell 2.5% in June, the largest
percentage drop since January mainly due to
shutdown of auto plants.
ƒ Industrial output in Japan showed a jump in the
recent quarter, reinforcing signals from recent
corporate earnings that the world's second-largest
economy is well on a recovery track. Japan's
industrial output rose 8.3% in the April-June quarter
from the January-March period - the biggest on-year
jump since 1953.
ƒ Lending growth to the euro-zone private sector
cooled in June, indicating that financing constraints
for companies and households pose a threat to the
area’s economic recovery. The annual growth rate of
private-sector loans slowed to a record low of 1.5% in
June from 1.8% in May.
ƒ France's biggest drug maker, Sanofi-Aventis Ltd. will
acquire majority control of unlisted Indian vaccines
maker Shanta Biotechnics in a deal that values the
unlisted Indian company at nearly Rs 3,757 crore.
Week ending July 31, 2009
Domestic Key Events
ƒ Finance Minister announced tax sops and home loan interest
subsidy to boost spending including certain tax measures like
making service tax optional from 1st September 2009 and a 1%
state subsidy on home loans up to Rs10 lakh, when the overall cost
of the house does not exceed Rs 20 lakh.
ƒ The Reserve Bank of India has kept all key interest rates, including
the Bank Rate as well as the repo and reverse repo rates in its First
quarter Review of Monetary Policy for the Year 2009-10, signaling
that its policy stance still remains focused on money management.
ƒ India received USD 2.2 billion foreign direct investments (FDI) in
May this year, department of industrial policy & promotion (DIPP)
reported. There is a 43% drop in the FDI inflow in May 2009
compared to USD 3.9 billion received in the same month of the
previous year.
ƒ India Infrastructure Finance Company Ltd (IIFCL) has sanctioned
loans worth Rs 6,475 crore for 58 road projects with a total project
cost of Rs 37,678 crore. This is the largest sanction of loans to road
projects by any financial institution in the country within a short
span of three years.
ƒ Indian government allowed duty-free import of raw sugar without
export obligation for further eight months to augment availability of
the sweetener in the domestic market. The Centre also gave
permission to private trade to import refined sugar at zero-duty,
which was so far restricted to public sector trading firms STC,
MMTC and PEC. However, the 10 lakh tonnes quantitative
restriction remains on the import.
ƒ The WPI, used to calculate inflation in the country, is being
upgraded with base year 2004-05 in lieu of the existing one with
base year 1993-94. With the advancement of the base year and
probably a revision of commodities in the index and their weights, it
is expected that the index would provide a better picture of the
current scenario of prices.
 Week ending July 31, 2009

Derivatives

ƒ On July 31, Nifty future (near month) closed with the Open Interest in Nifty Future vis-à-vis Nifty
premium of 17.55 points at 4,654.
27,000 4,700
25,000

No. of shares in '000

23,000
4,650
21,000

Nifty Level
19,000
17,000 4,600
15,000
13,000
4,550
11,000
9,000
7,000 4,500
27-Jul 28-Jul 29-Jul 30-Jul 31-Jul
Open Interest Nifty

Put-Call Ratio
ƒ From last week, the put-call ratio decreased by 7
basis points to 0.80 times. 1.05 1.01
1.00
0.95
Times

0.89
ƒ Over the week, the maximum addition of contracts in 0.87
0.90
Call option was seen in 4,700 with 134,140 contracts
followed by 93,568 contracts addition in 4,800 Call. 0.85
On the other hand, the maximum accumulation of 0.80
0.80
contracts in Put options was observed in 4,600 and 0.82
4,500 Puts adding 79,191 contracts. 0.75
27-Jul 28-Jul 29-Jul 30-Jul 31-Jul

ƒ Average Cost of Carry of the week declined to stand Cost of Carry

at 2.52%. Week Ended CoC (%)
10-July -3.95
17-July -0.34
24-July 8.27
31-July 2.52

ƒ India VIX (Volatility Index), on July 31, was at Volatility Index

39.21%, an increment of 274 basis points from
40.00
previous week. 39.21
39.50
39.00
38.50
Percentage

38.00 37.39 37.33

37.50
37.00 37.59
36.50
36.00 36.07
35.50
27-Jul 28-Jul 29-Jul 30-Jul 31-Jul
 Week ending July 31, 2009

ƒ FIIs turned out to be net sellers in the last 5 trading FIIs investment in Derivatives
days. Net Investment
Particulars
(Rs. Crore)
Index Futures -1,505.39
Index Options 1.26
Stock Futures -1,007.32
Stock Options 59.68
Total -2,451.77
From July 24 to July 30 (Source: NSE)

Debt

ƒ Despite most banks holding surplus cash, inter-bank Call Rates

overnight money rate stays tagged to the reverse Date Rate (%)
repo as lenders in the market can park their excess 24-July 3.27
funds with the central bank at that rate. 27-July 3.24
28-July 3.21
29-July 3.19
30-July 3.20
31-July* 3.25
* Till 1:00 pm

Bond Yield (6.90% CG 2019)

ƒ Federal bond yields eased slightly today, following
Date Yield (%)
the lead of US Treasury yields overnight, but further
falls may be limited as traders make room for Rs 120 24-July 6.92
billion bond auction. At 10:20 a.m., the benchmark 27-July 6.95
10-year bond yield was at 6.96%, 1 basis point below 28-July 6.89
Thursday's close. On Friday, the government sold Rs 29-July 6.91
60 billion of 6.07% 2014 bonds, Rs 40 billion of
7.94% 2021 bonds and Rs 20 billion of 8.24% 2027 30-July 6.97
bonds and is due to announce a similar sized auction 31-July* 6.96
for next week. * Till 10:20 am

ƒ Foreign Institutional Investors were net seller during FIIs & MFs investment in Debt Market
the week to the tune of Rs 460 crore. But, Mutual FIIs Net MFs Net
Funds continued their buying in the debt market, with Period Investment Investment
a net investment of Rs 3,039.90 crore during the (Rs. Crore) (Rs. Crore)
week. However, on monthly basis, they both still 27-July -44.60 2,148.70
remain net buyers. 28-July 25.70 732.00
29-July -47.50 -122.80
30-July 79.90 418.00
31-July -473.50 -136.00
Total -460.00 3,039.90
This Month 442.90 28,165.60

Source: SEBI
 Week ending July 31, 2009

ƒ Under Liquidity Adjustment Facility (LAF), during the Liquidity Adjustment Facility
week, RBI was has contracted liquidity from the Reverse Repo (Rs. Repo (Rs.
Date
market to the tune of Rs 5,66,555 crore. However, Crore) Crore)
there was no transaction under Repo. 27-July 1,13,190 -
28-July 1,16,235 -
29-July 1,18,625 -
30-July 1,20,785 -
31-July 97,720 -

Source: RBI

Commodity

Crude prices inclined w-o-w. Crude oil strengthened on Weekly change in Crude prices per Barrel
first day of the week led by the gains in the equities 30-Jul 23-Jul Change (%)
markets and got additional support from the weakness
Intl Crude Oil Prices in USD 70.11 69.25 1.24
in the U.S. dollar. The recent encouraging movements in
the stock markets had increased investor expectations Domestic Price in Rs. 3,391.53 3,348.37 1.29
about the potential scope of oil demand. Subsequently
prices declined as the stock markets fell, the dollar
strengthened and government reports showed an
increase in fuel inventories in the U.S., the biggest
global consumer. The increase in the U.S. oil stockpiles
point to a decrease in demand. The U.S. Department of Inventories (weekly change)
Energy reported a contra seasonal rise in supplies of Released on For week ended
5.15 million barrels for the week ending July 24, 2009.
The rise in stockpiles is attributed to higher imports and 29-Jul-09 24-Jul-09 5.15 M barrels
lower refinery utilization due to falling refining margins.
U.S. fuel consumption in the last four months has
reportedly dropped by 4.1% from year ago levels. Oil
prices surged on Thursday, rising in lockstep with major
global indexes.

Gold prices declined w-o-w with international prices Weekly change in Gold prices in Rs/10gms
losing more than USD 17 or 1.84% an ounce and
30-Jul 23-Jul Change (%)
settling at USD 932.50 per troy ounce on Thursday.
Domestic gold prices declined following global trend. London pm fix (USD/troy oz) 932.50 950.00 -1.84
Gold demand may pick up from August as pent up Mumbai (Rs/10gms) 14,950 15,020 -0.47
demand and the festive season ahead are seen
boosting sales, potentially rescuing an almost 50% sales
drop.
 Week ending July 31, 2009

Forex

Rupee inclined 0.45% to 48.16 per USD w-o-w basis. INR vs. USD and Euro
INR started the week on a strong note overcoming a
48.50
lack of direction from the share market and month-end 69.00
dollar demand from importers. The currency closed
unchanged on the second day after edging down during 48.40 68.80
the day as the stock market lost ground and on dollar

Euro
demand from importers. Subsequently the unit dropped 48.30 68.60
for two consecutive sessions on month-end dollar

USD
demand from importers and as losses in local shares 68.40
triggered dollar buying by banks, while the U.S. unit's 48.20
gains versus majors overseas added to the pressure. 68.20
Hopes of increased capital inflows by foreign funds in 48.10 68.00
line with better trends in the other Asian equity markets

20-Jul

21-Jul

22-Jul

23-Jul

24-Jul

27-Jul

28-Jul

29-Jul

30-Jul

31-Jul
and dollar's weakness against other currencies mainly
supported the Rupee on Friday. However, sustained
dollar demand from oil refiners for month-end USD Euro
requirements capped gains.

Weekly change in INR

India’s foreign exchange reserves for the week ended
July 24, 2009 increased by USD 1.53 bn and touched INR/ 31-Jul 24-Jul Change (%)
USD 267.71 bn. USD 48.16 48.38 0.45
EURO 68.08 68.63 0.80
YEN 50.57 51.08 1.00

Economy

Inflation negative for 7th straight week WPI based Inflation in last three months
1.00
Inflation rate as measured by wholesale price index 0.70
0.61 0.61
(WPI) stood at -1.54% for the week ended July 18th, 0.48
0.50 0.57
2009. The decrease in the WPI based inflation was due 0.48
0.13
to downward movement of fuel, power, light & lubricants
Percentage

and manufactured products. The index of both major 0.00

2-May

9-May

16-May

23-May

30-May

4-Jul

11-Jul

18-Jul
6-Jun

13-Jun

20-Jun

27-Jun
18-Apr

25-Apr

commodity groups declined by 0.10%.

-0.50

-1.00 -1.14
-1.55 -1.17
-1.30

-1.50
-1.21 -1.54
-1.61
-2.00
Source- Office of the Economic Advisor
 Week ending July 31, 2009

Key Economic Indicators Latest Previous Change

Investment Deposit Ratio (%) 32.97 (July 17) 33.13 (July 03) Decreased
Credit Deposit Ratio (%) 69.26 (July 17) 69.47 (July 03) Decreased
Inflation (WPI) (%) -1.54 (July 18) -1.17 (July 11) Decreased
Money Supply (%) 19.80 (July 03) 20.00 (July 03) Decreased
Bank Credit (%) 15.40 (July 17) 16.30 (July 03) Decreased
Aggregate Deposits (%) 21.80 (July 17) 21.90 (July 03) Decreased
Forex Reserves USD bn 267.71 (July 24) 266.18 (July 17) Increased

June Quarter 2009 Results Declared

Total Income (Rs. Crore) Net Profit (Rs. Crore)

Companies
June 09 Y-o-Y %Change June 09 Y-o-Y %Change
Aban Offshore Ltd 803.41 4.31 110.85 (10.38)
ABB Ltd. 1,525.87 (6.82) 83.61 (36.57)
Adani Enterprises Ltd. 6,389.61 26.48 127.67 36.44
Aditya Birla Nuvo Ltd. 5,407.21 101.68 (35.29) (24.61)
Areva T&D India Ltd 788.25 26.40 50.12 (22.49)
Ashok Leyland Ltd 973.07 (48.66) 7.77 (84.63)
Bajaj Hindusthan Ltd.(Q3) 399.33 (15.60) 60.08 269.67
Balrampur Chini Mills Ltd. (Q3) 538.24 69.83 66.29 293.41
Bank of Baroda 4,735.15 24.40 685.38 84.81
Bank of India 5,023.61 22.09 584.32 3.98
BEML Ltd. 478.66 54.89 5.30 130.41
BF Utilities Ltd 5.32 (8.75) 11.10 940.91
Bhushan Steel Ltd. 1,337.49 1.22 171.87 29.54
BPCL 26,195.60 (33.34) 614.12 157.57
Cairn India Ltd. 333.92 (27.63) 45.44 (67.21)
Castrol India Ltd.(Q2) 646.80 2.57 128.40 55.07
Century Textiles & Industries Ltd 1,137.53 18.26 141.62 104.74
Chennai Petroleum Corp. Ltd 5,748.80 (48.96) 304.72 (56.67)
Cipla Ltd 1,388.01 13.39 241.71 72.60
Cummins India Ltd 656.04 (11.90) 89.66 1.61
Dabur India Ltd. 750.49 21.84 91.39 29.35
DLF Ltd. 1,745.94 (54.61) 396.00 (78.75)
Educomp Solutions Ltd. 209.17 134.70 34.24 106.88
EIH Ltd 219.07 (14.35) 19.05 (49.88)
Essar Shipping Ltd. 209.63 (26.23) 28.63 346.81
Federal Bank Ltd 1,021.79 21.45 136.38 100.12
 Week ending July 31, 2009

Total Income (Rs. Crore) Net Profit (Rs. Crore)

Companies
June 09 Y-o-Y %Change June 09 Y-o-Y %Change
Grasim Industries Ltd. 5,179.41 14.69 1,080.03 60.74
Great Eastern Shipping Co. Ltd 885.61 (25.97) 154.17 (63.97)
GVK Power & Infrastructure Ltd. 335.99 137.67 32.73 (19.28)
Hero Honda Motors Ltd. 3,864.92 33.72 500.11 83.28
Hindalco Industries Ltd 3,974.81 (18.25) 480.56 (31.03)
HPCL 24,637.91 29.34 649.12 173.89
HUL 4,536.17 5.06 543.19 (2.68)
Indian Overseas Bank 2,808.51 28.43 301.77 17.89
IOC Ltd. 60,683.97 (31.93) 3,682.83 787.15
IRB Infra. Developers Ltd 435.64 84.66 81.46 50.38
IVRCL Infra. & Projects Ltd 1,089.93 17.05 35.11 (17.32)
Jain Irrigation Systems Ltd. 573.12 20.38 55.59 88.06
Jaiprakash Hydro Power Ltd 82.59 (18.90) 36.54 (33.08)
Jindal Steel & Power Ltd 2,786.22 27.78 988.47 122.79
Karnataka Bank Ltd. 609.67 20.08 40.06 93.53
Kotak Mahindra Bank Ltd 2,345.25 57.69 257.29 71.70
Lupin Ltd 1,106.64 25.40 140.11 25.05
Mahindra and Mahindra Ltd. 4,266.16 28.04 400.85 151.63
Max India Ltd. 84.87 (28.60) 0.21 (98.46)
MMTC Ltd. 7,511.93 (23.21) 41.27 (23.23)
Moser Baer India Ltd 563.40 13.39 2.76 102.65
Mundra Port Ltd. 321.36 18.59 170.75 76.39
National Aluminium Co. Ltd 1,036.50 (34.96) 126.45 (75.93)
Nestle India Ltd. 1,218.30 16.88 162.02 33.80
Neyveli Lignite Corporation Ltd 1,035.94 (16.29) 287.64 0.63
NMDC Ltd. 1,507.06 (19.08) 773.74 (21.15)
NTPC Ltd. 12,778.96 24.59 2,193.62 27.05
Patni computers Ltd. 772.91 (1.38) 136.85 31.94
Power Grid Corp. of India Ltd 1,822.32 24.94 546.61 78.81
Punj Lloyd Ltd. 2,979.04 12.07 127.16 13.69
Punjab National Bank Ltd. 6,177.58 34.45 832.05 62.38
Reliance Capital Ltd 1,469.25 (2.98) 151.04 (55.97)
Reliance Communications Ltd 6,145.18 15.46 1,636.61 8.23
Reliance Infrastructure Ltd 2,690.51 12.08 316.57 25.35
Reliance Natural Resources Ltd. 115.45 24.25 17.24 7.29
Reliance Power Ltd. 335.51 316.51 263.31 330.09
SAIL 9,692.76 (13.67) 1,326.09 (27.74)
Sesa Goa Ltd. 1,341.16 23.42 422.29 (33.29)
Shipping Corporation of India Ltd 1,000.50 (11.17) 119.92 (57.11)
State Bank of India 33,132.70 39.52 2,758.53 68.11
Sterlite Industries India Ltd 4,957.19 (19.69) 672.66 (41.56)
Sun Pharmaceutical Ind. Ltd 814.67 (23.64) 163.84 (67.33)
 Week ending July 31, 2009

Total Income (Rs. Crore) Net Profit (Rs. Crore)

Companies
June 09 Y-o-Y %Change June 09 Y-o-Y %Change
Tata Chemicals Ltd. 2,300.82 3.54 42.51 (60.29)
Tata Motors Ltd 6,723.99 (7.18) 513.76 57.54
Tata Power Ltd. 2,123.20 0.47 396.97 144.21
Tata Steel Ltd 5,661.89 (8.16) 789.83 (46.93)
Torrent Power Ltd 1,263.60 10.58 93.95 74.50
United Spirits Ltd. 1,249.94 20.12 177.59 51.62
Videocon Industries Ltd.(Q3) 2,472.76 (5.63) 124.35 (51.25)
Voltas Ltd. 1,260.71 18.14 78.94 (5.47)
 Week ending July 31, 2009

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