You are on page 1of 89

Uploaded for projectsparadise.

com

Volatility in Indian
Stock Market

Projects, Thesis, Dissertation – projectsparadise.com

Uploaded for projectsparadise.com

PREFACE

A project report on stock market is being prepared in attempts to interpret in-depth
study of volatility in Indian stock market. This report helps us to understand various
terminologies in stock market. This report gave me opportunity to have complete idea
about volatility in stock market. This gave me idea about technical and fundamental
analysis in stock market and how trading is being done in stock market.

This project report helps in following aspects,

Build understanding of central ideas and theories of stock market.

Develop familiarity with the analysis of stock market.

Furnish institutional material relevant for understanding the environment in
which trading decisions are taken.

This project will guide to investors for an investment in stock market. This project
deployed a lot time for collections of information from various sources. This project
will be very helpful to know volatility from January 2006 to December 2006 and
reasons for such high volatility and would be able to take decisions for investment in
volatile stock market.

Projects, Thesis, Dissertation – projectsparadise.com 1

Uploaded for projectsparadise.com

TABLE OF CONTENTS

Ser. No Content Page no.

1.0 EXECUTIVE SUMMARY 4

2.0 RESEARCH PLAN 5

3.0 INTRODUCTION 6

3.1 INDIAN CAPITAL MARKET OVERVIEW 6

4.0 STOCK MARKET ANALYSIS 12

4.1 JULY 13

4.2 AUGUST 23

4.3 SEPTEMBER 33

4.4 OCTOBER 46

4.5 NOVEMBER 57

4.6 DECEMBER 68

5.0 SENSEX MILESTONE 82

6.0 FINDINGS 85

7.0 CONCLUSION 87

8.0 RECOMMENDATIONS 89

9.0 BIBLIOGRAPHY 90

Projects, Thesis, Dissertation – projectsparadise.com 2

Uploaded for projectsparadise.com

1.0 EXCUTIVE SUMMARY

Stock market is an avenue for growth of earnings. This project includes how broking
is being done in stock market. It involves stock market analysis such as fluctuations
in sensex & nifty, reasons for fluctuations in stock market, fluctuations in stock
market and reasons for the same. Stock market has been the best avenue for
investment in securities since last 10 years. Mostly future and option trading was the
worst trading in stock market in these sessions. I have covered various sessions for
analysis from July 2006 to December 2006

In these sessions, stock market was most volatile so that I have covered various
analyses with most affected factors to the global market. Various stock indices in
BSE such as BANKEX, BSE Metal, BSE IT, BSE FMCG, BSE PSU have been most
affected due to panic market in these sessions and I have made analysis of these
indices.

In this project, I have included most gainer period and most loser period with
reasons for the same. I also included comparison between Bond yields and foreign
investments by foreign investors.

Projects, Thesis, Dissertation – projectsparadise.com 3

the market is efficient to any news and information. Thesis. traders and other professionals as a supplement to their own research. ƒ To furnish institutional material relevant for understanding the environment in which stock market fluctuation are occurring. Dissertation – projectsparadise.0 RESEARCH PLAN Title: Volatility in Indian Stock Market Objectives : ƒ To study volatility in Indian stock market while taking SENSEX of Bombay stock exchange as a source of secondary data which broadly represent Indian stock market along with NIFTY of National stock exchange. Hypothesis : This is the exploratory research which tries to shows the factors which are making stock market volatile.com 2. ƒ Any fluctuation in foreign market has more effect on Indian stock market than that of domestic market. Projects. Here monthly prices of both indexes are taken for the study purpose. Scope : This study can be used by investors. ƒ In the given volatile economic conditions. ƒ To study the factors which are making Indian stock market volatile. Sensex and Nifty is taken as a source of information which widely describes Indian stock market.Uploaded for projectsparadise. Sources of data : Data used in this study is of secondary in nature.com 4 .

1.1. The earliest records of security dealings in India are meager and obscure. which regulates the operations of stock exchanges. discipline and bring greater transparency in this sector. professionals have opportunities to choose from for a wide range of jobs available in a number of organizations in this sector and one can expect to have good times ahead of him. prices fluctuate within minutes and are determined by the demand and supply of stocks at a given time. Thus. As the condition of capital markets are constantly improving.2 Trading Pattern of the Indian Stock Market Projects.1 Evolution Indian Stock Markets are one of the oldest in Asia. Stock market is a place where securities are bought and sold. there are totally twenty-one recognized stock exchanges in India excluding the Over The Counter Exchange of India Limited (OTCEI) and the National Stock Exchange of India Limited (NSEIL). In addition the international trading and investment exposure has made it imperative to better operational efficiency. reflecting the performance of the country's economic state of health. constant efforts are being made and to a certain extent improvements have been made. Stockbrokers are the ones who buy and sell securities on behalf of individuals and institutions for some commission. The Securities and Exchange Board of India (SEBI) is the authorized body.1 INDIAN CAPITAL MARKET OVERVIEW 1. With the view to improve. It is exposed to a high degree of volatility. Dissertation – projectsparadise. it has started drawing attention of lot more people than before. Thesis. 1. The past performances in the capital markets especially the securities scam by Harshad Mehta has led to tightening of the operations by SEBI.0 INTRODUCTION Stock exchanges to some extent play an important role as indicators.com 3. 1.com 5 . The East India Company was the dominant institution in those days and business in its loan securities used to be transacted towards the close of the eighteenth century.Uploaded for projectsparadise. at present. On the career related aspects. banks and other financial institutions. Its history dates back to nearly 200 years ago.

Two types of transactions can be carried out on the Indian stock exchanges: (a) spot delivery transactions "for delivery and payment within the time or on the date stipulated when entering into the contract which shall not be more than 14 days following the date of the contract”: and (b) forward transactions "delivery and payment can be extended by further period of 14 days each so that the overall period does not exceed 90 days from the date of the contract". SBI Capital Markets. which affected the small investors to a great extent. Equity shares of dividend paying. buy and sell securities on his own account and risk. buy and sell securities for his clients on a commission basis and also can act as a trader or dealer as a principal.was created in 1992 by country's premier financial institutions .OTCEI . The latter is permitted only in the case of specified shares.com Trading in Indian stock exchanges is limited to listed securities of public limited companies. which are usually determined by the rates of interest prevailing. The brokers who carry over the outstanding pay carry over charges (cantango or backwardation). there is a great amount of effort to modernize the Indian stock exchanges in the very recent times. 1. Industrial Development Bank of India. unduly long settlement periods and benami transactions.000 shareholders are. namely. General Insurance Corporation and its subsidiaries and Can Bank Financial Services. electronic stock exchange .50 million and a market capitalization of at least Rs. put in the specified group and the balance in non- specified group. where a member can act as a jobber or a broker only.com 6 .1. scrip less.Unit Trust of India. Thesis. absence of liquidity. Industrial Credit and Investment Corporation of India. Industrial Finance Corporation of India. lack of transparency. They are broadly divided into two categories. The nature of trading on Indian Stock Exchanges are that of age old conventional style of face-to-face trading with bids and offers being made by open outcry. growth-oriented companies with a paid-up capital of at least Rs. A member broker in an Indian stock exchange can act as an agent.100 million and having more than 20. normally. in contrast with the practice prevailing on New York and London Stock Exchanges.3 Over The Counter Exchange of India (OTCEI) The traditional trading mechanism prevailed in the Indian stock markets gave way to many functional inefficiencies. To provide improved services to investors.Uploaded for projectsparadise. the country's first ring less. However. specified securities (forward list) and non-specified securities (cash list). such as. Dissertation – projectsparadise. Projects.

com Trading at OTCEI is done over the centers spread across the country. That is.Any equity holding at least one-lakh debentures of particular scrip can offer them for trading on the OTC.The shares and debentures of the companies listed on the OTC can be bought or sold at any OTC counter all over the country and they should not be listed anywhere else Permitted Securities . the investor gets to know the exact price at which s/he is trading.com 7 .Certain shares and debentures listed on other exchanges and units of mutual funds are allowed to be traded Initiated debentures . with the superior trading mechanism coupled with information transparency investors are gradually becoming aware of the manifold advantages of the OTCEI. Faster settlement and transfer process compared to other exchanges. Dissertation – projectsparadise. Thesis. In the case of permitted securities. Securities traded on the OTCEI are classified into: Listed Securities . which provides greater liquidity and lesser risk of intermediary charges. Thus. Compared to the traditional Exchanges. since the exact price of the transaction is shown on the computer screen. the allotment procedure is completed in a month and trading commences after a month of the issue closure. The difference is that the delivery and payment procedure will be completed within 14 days. In the case of an OTC issue (new issue). a counter receipt is generated out at the counter. which substitutes the share certificate and is used for all transactions. Greater transparency and accuracy of prices is obtained due to the screen- based scrip less trading. whereas it takes a longer period for the same with respect to other exchanges. certificates of listed securities and initiated debentures are not traded at OTC. But. The original certificate will be safely with the custodian. Projects.Uploaded for projectsparadise. OTC Exchange network has the following advantages: OTCEI has widely dispersed trading mechanism across the country. the system is similar to a traditional stock exchange. OTC has a unique feature of trading compared to other traditional exchanges.

1. Thesis. Dissertation – projectsparadise. Industrial Development Bank of India. Projects. They are as follows: NSE brings an integrated stock market trading network across the nation. treasury bills. The prices at which the buyer and seller are willing to transact will appear on the screen. all Insurance Corporations. Industrial Finance Corporation of India. On the basis of the recommendations of high-powered Pherwani Committee. There are two kinds of players in NSE: (a) Trading members and (b) Participants. When the prices match the transaction will be completed and a confirmation slip will be printed at the office of the trading member. Trading members can stay at their offices and execute the trading. Trading at NSE can be classified under two broad categories: (a) Wholesale debt market and (b) Capital market. public sector unit bonds.Uploaded for projectsparadise. Recognized members of NSE are called trading members who trade on behalf of themselves and their clients. Trading at NSE takes place through a fully automated screen-based trading mechanism. certificate of deposit. since they are linked through a communication network.com 8 . etc. NSE has several advantages over the traditional trading exchanges.com 1. it was found inevitable to lift the Indian stock market trading system on par with the international standards.4 National Stock Exchange (NSE) With the liberalization of the Indian economy. commercial paper. Participants include trading members and large players like banks who take direct settlement responsibility. Wholesale debt market operations are similar to money market operations - institutions and corporate bodies enter into high value transactions in financial instruments such as government securities. selected commercial banks and others incorporated the National Stock Exchange in 1992. which adopts the principle of an order-driven market. Industrial Credit and Investment Corporation of India.

128 years of experience seems to be a proud milestone. India cannot afford to damage the capital market path. Dissertation – projectsparadise. Unless stock markets provide professionals service. with the support of total computerized network. 2003. The Stock Exchange. Delays in communication. Till the decade of eighties. late payments and the malpractice’s prevailing in the traditional trading mechanism can be done away with greater operational efficiency and informational transparency in the stock market operations. The journey in the 20th century has not been an easy one. And capital market being one of the major sources of long-term finance for industrial projects. The base year of SENSEX is 1978-79 and the base value is 100. SENSEX is not only scientifically designed but also based on globally accepted construction and review methodology. 1. The Index was initially calculated based on the "Full Market Capitalization" methodology but was shifted to the free-float methodology with effect from September 1. A lot has changed since 1875 when 318 persons became members of what today is called "The Stock Exchange.Uploaded for projectsparadise. The index is widely reported in both domestic and international markets through print as well as electronic media. First compiled in 1986. Since then. STOXX. All major index providers like MSCI. FTSE. In this regard NSE gains vital importance in the Indian capital market system. Mumbai (BSE) in 1986 came out with a stock index that subsequently became the barometer of the Indian stock market.com 9 .com Investors can trade at the same price from anywhere in the country since inter-market operations are streamlined coupled with the countrywide access to the securities.5 Bombay Stock Exchange(BSE) .Sensex For the premier Stock Exchange that pioneered the stock broking activity in India. Thesis.1. The "Free-float Market Capitalization" methodology of index construction is regarded as an industry best practice globally. S&P and Dow Jones use the Free-float Projects. there was no scale to measure the ups and downs in the Indian stock market. Mumbai" by paying a princely amount of Re1. the country's capital markets have passed through both good and bad periods. small investors and foreign investors will not be interested in capital market operations. SENSEX is a basket of 30 constituent stocks representing a sample of large. liquid and representative companies.

The growth of equity markets in India has been phenomenal in the decade gone by. SENSEX is regarded to be the pulse of the Indian stock market. As the oldest index in the country. Due to is wide acceptance amongst the Indian investors. Right from early nineties the stock market witnessed heightened activity in terms of various bull and bear runs. One can identify the booms and busts of the Indian stock market through SENSEX.com 10 . it provides the time series data over a fairly long period of time (From 1979 onwards). the SENSEX has over the years become one of the most prominent brands in the country. The SENSEX captured all these events in the most judicial manner. Projects. Dissertation – projectsparadise.Uploaded for projectsparadise. Small wonder.com methodology. Thesis.

com 4.0 STOCK MARKET ANALYSIS In this stock market analysis. Dissertation – projectsparadise. Thesis.com 11 .Uploaded for projectsparadise. I compared Nifty with Sensex through graphical presentation and also did analysis of fluctuations in stock market week wise. Projects. I have taken data of Sensex and Nifty for the period of 6 months from July 2006 to December 2006 After taking into consideration data of stock market.

25 2985.Uploaded for projectsparadise.10 3147.05 21-Jul-2006 3025.85 3150.15 3040.35 3114.10 3029.50 3197.85 3156.85 3167.25 2943.50 26-Jul-2006 3040.05 3177.80 3197.50 3046.30 3075.75 3160.85 3148.10 3056.15 12-Jul-2006 3124.90 2996.65 3041.50 3109.10 2930.30 3146.35 3179.85 10-Jul-2006 3077.45 3130.55 3123.40 3116.10 3109.95 3193.35 2919. Dissertation – projectsparadise.20 3121.35 3078.25 2967.10 06-Jul-2006 3197.60 3143.00 11-Jul-2006 3145.80 31-Jul-2006 3131.30 3208. Thesis.95 2932.95 3169.com 4.30 14-Jul-2006 3166.00 24-Jul-2006 2944.00 3168.25 3166.35 17-Jul-2006 3123.95 3201.70 3110.75 20-Jul-2006 2943.85 3045.85 25-Jul-2006 2989.25 3089.65 3023.65 2878.com 12 .70 3064.65 05-Jul-2006 3136.50 3138.95 2987.40 3156.00 3100.20 Projects.40 3022.55 18-Jul-2006 3007.15 2945.15 28-Jul-2006 3158.70 3110.30 3138.95 2993.95 3201.45 3121.65 19-Jul-2006 2995.15 3038.10 3142.40 3130.10 2999.95 04-Jul-2006 3151.90 13-Jul-2006 3196.35 3007.25 3195.40 07-Jul-2006 3157.65 3125.15 27-Jul-2006 3109.1 NIFTY JULY Date Open High Low Close 03-Jul-2006 3128.

Uploaded for projectsparadise.com SENSEX JULY 'DWH 2SHQ +LJK /RZ &ORVH -XO          -XO          -XO          -XO          -XO          -XO        -XO          -XO          -XO         -XO          -XO          -XO          -XO          -XO          -XO          -XO          -XO          -XO          -XO          -XO     Projects. Thesis.com 13 . Dissertation – projectsparadise.

to settle at 8.075.com      -XO          ANALYSIS OF STOCK MARKET FLUCTUATIONS AND GLOBAL MARKET 1st week ended on 7th July 2006 The market started July in negative fashion after having gained for three consecutive weeks. leading to a sell off on Friday. In June they invested Rs 479.643.35 points.6 crore for the first three days of the week. On Thursday. Dissertation – projectsparadise. Higher crude oil prices weighed on the market sentiment and rumours that Prime Minister Manmohan Singh may resign following a decision of not proceeding with disinvestment in state-run firms. it shed 152 points due to rising crude oil prices and weakness in Asian markets.53 and the NSE Nifty lost 52. The 30-share benchmark index lost 100 points amid volatile trade.5 crore for the first three days of the week. the Sensex fell 100 points to settle at 10. FIIs resumed buying this week and invested to the tune of Rs 1. The BSE Metal index fell 1.92.Uploaded for projectsparadise. Projects. In June they sold worth Rs 1.com 14 . On Tuesday.976. to close at 3.293.31% to settle at 4. Thesis.50 crore.94 crore.49.025. The BSE Auto index slipped 2. the Sensex witnessed some profit booking to lose 33 points. while on Wednesday it jumped 257 points.509. Mutual funds offloaded to the tune of Rs 233. For the week ended Friday (7 July). The market started the week upbeat with the Sensex gaining 86 points on Monday.85. The prime minister’s office denied the rumour.90%. The Sensex fell sharply by 258 points on Friday.

473 million tonnes a year ago.6% by way of preferential issue.75. ACC rose 1. As per reports. FMCG giant Hindustan Lever surged 3. India's monsoon rains in the crucial sowing month of July are likely to be 90 .Uploaded for projectsparadise. to 1. Mobile phone operators have agreed to share seven transmission towers in Delhi and two in Mumbai to bring down cost of setting up new towers by 50%. Cigarette major ITC fell nearly 4% to settle at Rs 175. the government on Thursday decided to put all divestments on hold.100% of the long-term average.95.50 after it announced on Monday.46% to close at Rs 247. to Rs 2.22%. Car major Maruti Udyog fell 2. Suzuki Motor Corporation will build a new compact car in India for Nissan Motor Co.6%. Tata Steel shed 1.78%.175.80. to close at Rs 522.18. this week to settle at Rs 793.05. Its June production totalled 1. Neyveli Lignite Corporation (NLC) lost 7.05. National Aluminium Company (Nalco) shed 6.11% to Rs 780. Rural demand holds key for FMCG companies.86% to finish at Rs 237.75 on profit-taking after a recent surge. Bowing to pressure from its allies. Thesis. has been unhappy with the government’s decision to disinvest 10% stake in the Neyveli Lignite Corporation. FMCG stocks rose following the advance of the monsoon.. up from 1. Reliance Communications lost 0. Chairman Ratan Tata said on Wednesday that Tata Group will raise its stake in Tata Steel from 26. It may be recalled that Suzuki had entered into an agreement with Nissan for manufacturing compact cars at the Maruti Udyog plant in Manesar.25% this week to end at Rs 213. its June shipments rose 4. Projects.com 15 . a key south Indian ally of the Congress-led government.30.445 million a year ago.541 million tonnes from 1. Nalco was another firm in which the government had recently decided to divest its 10% stake. to settle at Rs 58. The company said on Monday it had secured an order worth Rs 329 crore for high technology equipment.98%.com The BSE Oil & Gas index was down 2.35%. The DMK. Dissertation – projectsparadise.168. Engineering & construction major L&T lost 3.526 million tonnes. to be sold in Europe.23% to close at 5. which derive about 40% of their revenue from rural areas.79% to 33.

Asian markets dictated the trend on the domestic bourses for most part of the week.22. the Sensex shed 70 points. in a bid to hedge their portfolio. For the week ended Friday (14 July). a strong Q1 showing by IT bellwether Infosys Technologies helped the market shrug off the impact of bomb blasts in Mumbai's local trains on Tuesday evening. Projects.46% to close at Rs 229. to settle at 10. 2nd week ended on 14th July 2006 The market edged higher on alternate bouts of buying and selling. Mumbai. On the back of strong Q1 results from the IT bellwether and its upward revision of FY 2007 (year ending 31 March 2007) earnings and revenue guidance. the 30-share BSE Sensex jumped 316 points on 12 July.5%). The benchmark BSE Sensex shed 72 points on Thursday (13 July) as high oil prices.123.com Jet Airways slipped 6.5 points (1. on premier and economy class tickets on all domestic routes. and weak global markets.Uploaded for projectsparadise.20. The shipping company has signed a contract to sell a 1985-built crude carrier for an undisclosed sum. fall in crude oil price from a record high and a short-covering in the derivatives segment after Friday (7 July)’s sharp 258-point fall.55. Short-covering was witnessed in derivatives after a denial by the Prime Minister’s Office (PMO).6%). On Tuesday 11 July. The Sensex jumped 175 points on Monday (10 July) on the back of a recovery in Asian markets. the BSE Sensex jumped 169 points (1. weighed on market sentiment. The aviation company raised fuel surcharge to Rs 500 from Rs 300. shipping firm said it had bought the single-hulled carrier in 2003 and planned to deliver it to the buyers in the second quarter of 2006/07. on Tuesday evening. which moved towards a record high of above $ 75 a barrel. The S&P CNX Nifty rose 47. Dissertation – projectsparadise.com 16 . Software major Infosys Technologies rescued the market on Wednesday (12 July). after trading hours on 7 July.05% to settle at Rs 553. The rumour had caused a sharp 258-point fall in the Sensex on 7 July. A section of the market had gone short in Nifty futures following the rumour. about rumours of Manmohan Singh's resignation.35. GE Shipping lost 1. Trading for the week began on a firm note. Thesis. to settle at 3. a day after a series of deadly bomb blasts rocked the financial capital. The private sector.678. On Wednesday.

to settle at 10.88% this week to end at Rs 426. On Thursday.650.36% to settle at Rs 1.15 on disappointing Q1 results.95.particularly for transporting farm and dairy products . Thesis.5% to Rs 2. Dissertation – projectsparadise.22. India Cements gained a whopping 12.5%. to settle at 3.364. Sales rose 45.95. Its sales rose 19.15.70. Hero Honda dropped 4.51 . Sterlite Industries gained 4. Hindalco rose 3.90. 3rd week ended on 21st July 2006 Projects.79% this week to settle at Rs 106. Infosys surged 6.77% to close at Rs 610. The software major posted a 50. The market sentiment was weighed down by weak global markets and crude oil prices touching a record high of above $78 a barrel. The BSE IT sector index rose 6.071 crore. Infosys has forecast a between 38.400 crore.74 crore from Rs 204.5% for the week to settle at Rs 185.6% growth in its FY 2007 (year ending 31 March 2007) consolidated EPS to between Rs 124. ACC appreciated 5% to finish at Rs 834 for the week.39.7% consolidated growth in FY 2007 revenue to between Rs 13. the Sensex fell sharply by 180 points.23% for the week to close at Rs 1. to Rs 3.74.977.15.065. The shares of Hindustan Zinc rose 5.015 crore from Rs 2.75 following its upward revision in earnings and revenue guidance for FY 2007.40. The company has set its sights on establishing a captive cargo airline venture to meet the logistic needs .for its pan-India retail venture.678. to close at Rs 718.Uploaded for projectsparadise. Hero Honda’s net profit rose 16. Cement shares edged higher on expectations of strong Q1 results. Cement companies are expected to report strong Q1 results on the back of firm cement prices and strong volume growth. Reliance Industries (RIL) gained 3.88% for the week.45 crore in Q1 June 2005.64% to settle at Rs 174.2% in Q1 June 2006 to Rs 237.350 crore . Hindustan Zinc hiked zinc prices by Rs 8.800 per tonne.37 crore (Rs 1. The net profit fell below market expectations.14%.3% growth in consolidated Q1 June 2006 net profit to Rs 800 crore from Rs 532 crore in Q1 June 2005. Gujarat Ambuja shot up 6. Metal shares advanced tracking firm metal prices on LME and on the back of hike in domestic prices.2% .06 crore).3 .59.934.com On Friday.Rs 13. There are reports that the Mukesh Ambani-controlled Reliance Industries (RIL) is charting a new flight path for its mega retail foray. The company had predicted 40.Rs 125.com 17 .

to close at 2. Hindalco fell sharply by 9. that weighed down global markets.95 crore.44 points.085. FIIs pressed sales in equities worth Rs 466.459.592.31 points to close at 10. HDFC reported 20% growth in Q1 June 2006 net profit to Rs 296.15 crore).1 crore for the first four days of the week. On Tuesday. Dissertation – projectsparadise. On Thursday.4%.01 crore from Rs 207.4% for the week to settle at 4.9% growth in Q1 June 2006 net profit to Rs 266.10. On Wednesday it plunged 219. The S&P CNX Nifty lost 178.91.27%. For the week ended Friday (21 July). the Sensex lost another 66 points as violence continued between Israel and Hizbollah.82 crore (Rs 247. The auto major reported 27. to Rs 444. Bajaj Auto dropped 7% for the week to close at Rs 2.945. The metal index was the worst hit in the bearish market.87. the 30-share BSE Sensex lost a steep 592. Sales rose 34.35 points.65. the index slipping 8.7% to Rs 2. Mutual funds sold equities worth Rs 101. The week started on a bleak note with the Sensex losing a hefty 385 points on Monday (17 July) on account of soaring crude oil prices.45.188.com Heavy FII sales.02% to close at Rs 673.202.28 crore).31 crore and exceeded market expectations.4% to settle at 7. the Sensex leaped 346 points. ACC reported robust Q2 June 2006 results on the back Projects. despite reporting 86% surge in net profit for Q2 June 2006.45.46% for the week to close at Rs 788. The Sensex.66 crore (Rs 1634. Nalco slipped 3. tracking firm global markets and a positive comment from Fed chairman Ben Bernanke indicating a possible halt in US interest rate. The net profit lagged market expectations.36% to close at Rs 212. The net profit growth was within market expectations. The BSE Auto index fell 7.65. however.97 crore for the first four days of the week. fell again 267 points on Friday on worries that the RBI may increase interest rates next week. ACC lost 5.79. to Rs 1.com 18 . Housing finance major HDFC lost 6. weak global markets and concerns that the Reserve Bank of India (RBI) may increase interest rates next week led to a sharp fall on the bourses this week.50 crore in July. Thesis. Till Thursday. The net interest income (NII) rose 21.Uploaded for projectsparadise.072. Tata Motors was down 9. they have bought shares worth Rs 106.98% for the week to close at Rs 157.

RIL said its gross refining margin for the April-June 2006 quarter was $12.767.522 crore (Rs 17784 crore).30.com of firm cement prices.83 crore for the second quarter ended 30 June compared to Rs 76. Thesis. beating expectations.9% to Rs 259.2% growth in Q1 June 2006 net profit to Rs 2.08 crore (Rs 1128.2%.4 a barrel.85 crore (Rs 949.131 crore. Net sales has risen 37. ACC’s profit-after-tax (before extra-ordinary items) jumped 85. Total revenue jumped 37% to Rs 3.083.16% to close at Rs 967.005.60 even as the company reported a 44% growth in net profit for Q1 June 2006. Wipro’s consolidated net profit as per US GAAP has risen 44% to Rs 614 crore. Index heavyweight RIL was down 9.76 crore.12 crore from Rs 134. gaining 594 points for the week on the back of strong Q1 results from major companies. Total income jumped 46.58% to end at Rs 353. Sales rose 29.49 crore for the quarter ended 30 June 2005.9% to Rs 1.25. TCS declined 5. Ranbaxy was down 5. India's largest software exporter registered a 35% growth in consolidated Q1 June 2006 net profit as per Indian GAAP to Rs 883 crore. The BSE 30-shares sensitive Sensex's winning streak began on Monday and lasted till Thursday.77% for the week to close at Rs 1.7% growth in Q1 June 2006 net profit to Rs 176. even taking the RBI's 25 basis points hike in short-term interest rates in its stride on Tuesday.227 crore.78 crore for Q2 FY 06-07.70 crore).55. TCS had reported strong Q1 results and had forecast chunky outsourcing deals in the near future.5% to Rs 1. The rise in net profit was primarily due to a surge in other income to Rs 171.19 crore from Rs 139.50.154.36 crore.Uploaded for projectsparadise.68 crore).64% for the week. The Indian drug maker reported better-than-expected results for the quarter ended June 2006.com 19 .61 crore (Rs 156. 4th week ended on 28th July 2006 The BSE Sensex recovered from the lower level. Dissertation – projectsparadise. Wipro reported a surge in Q1 net profit. Net sales rose 26. to close at Rs 447.462.20 crore in Q2 FY 05-06 to Rs 1. to Rs 4. Reliance Energy (REL) reported a 12.52% to close at Rs 439. Wipro lost a sharp 8.25 crore).547 crore (Rs 2310 crore).8% to Rs 24. The company reported 10. Total income increased from Rs 1. Reliance Energy (REL) fell 1. Projects. It reported net profit of Rs 99.

ICICI Bank gained 11. RBI left the bank rate and cash reserve ratio (CRR) unchanged at 6% and 5% respectively. the benchmark index relaxed after four days of sharp rally. the benchmark index added another 202 points as ONGC. Nalco lost 6.45. On Tuesday. The company posted 85% growth in net profit to Rs 601. purchasing stocks worth Rs 599. on Tuesday.273.46 points on Monday.80. Hindalco Industries was up 3. Dissertation – projectsparadise.9% growth in Q1 June 2006 net profit to Rs 170.680.8 points to close at 3. which were above market expectations.23.652.32. The steel major reported 23% growth in Q1 June 2006 net profit to Rs 1. SAIL rose 6.16% for the week to settle at Rs 795.com 20 .75 crore). The generics major reported a 52.50 in Q1 June 2006 (Rs 324. the repo and reverse repo.567. to close at Rs 542.80 crore).207.42. The Sensex moved up 124 points on Thursday in volatile trade on the back of firm Asian markets and approval of the Indo-US nuclear cooperation by the US House of Representatives on Wednesday. HDFC Bank surged 12. The S&P CNX Nifty gained 185. Total income (net of excise) surged to Rs 7. which was as per market expectations. ending at Rs 162. taking cue from firm Asian markets.32% for the week.com For the week ended Friday (28 July).3 crore for the first three days of the week.92 crore for the first three days of the week. the Sensex made no fuss about the 25 basis points hike in short-term interest rates and advanced 200 points. The market had already factored in a 25 basis point hike in short-term interest rates.30. On Wednesday. the BSE Sensex gained 594 points. most banks are expected to raise their interest rates on one-year loans to companies by a quarter point from about 9-10% now.5% to Rs 4. Cipla gained 5.43 crore (Rs 111.70 crore (Rs 2.Uploaded for projectsparadise.130.85 points for the week to settle at 4. and on personal loans from 11-15%.48 crore).80.58 crore Projects.70 crore (Rs 5772.18% for the week. On Friday. M&M and Bharti Airtel unveiled results.75. raised short-term interest rates. RBI. to settle at 10. The BSE Metal index gained 210.52% for the week to close at Rs 232. Net sales jumped 30% to Rs 863. to settle at Rs 71. The BSE Bankex rallied 465.55. to lose 61 points.803. As per reports.41 crore (Rs 1126. by 25 basis points each to 6% and 7% respectively.96% for the week.73 points for the week to close at 7.386. Thesis. A rally in banking and IT stocks led the Sensex to gain 129.98% for the week to close at Rs 197. FIIs invested in equities to the tune of Rs 499. Mutual funds resumed buying in equities.90 crore) Net sales jumped 93.45.40 crore).

Net sales. the company’s board also approved an issue of bonus shares in the ratio of one for every two held. as reasons for rejection. Net sales rose 49% to Rs 5.70.32 crore.236.40. The auto major clocked 63% growth in Q1 June 2006 net profit to Rs 369.6% to Rs 3.30% for the week to close at Rs 980.783.884. The company agreed to enter into a joint venture with Italy's Fiat to build cars.57 crore (Rs 226.168. Dissertation – projectsparadise.24 crore (Rs 1. engines and transmission systems. Tata Motors reported 40% growth in Q1 June 2006 net profit to Rs 381.com 21 .26% for the week to close at Rs 796.52% for the week to close at Rs 1.24 crore).6% fall in Q1 June 2006 net profit to Rs 798.46 crore).402.15.26 crore).13 crore). ONGC surged 12.4% to Rs 2.72 crore from Rs 11. The net profit was within market expectations.30.40.87% for the week to close at Rs 1. The oil major reported 24% growth in Q1 June 2006 net profit to Rs 4. Formulation exports jumped 48% to Rs 318.99 crore (Rs 3.67 crore for the quarter ended 30 June 2005.com (Rs 662.65.181.09 crore). Sales rose 23.125. too. Projects. Total income (net of excise) surged to Rs 772.88 crore).878. Car major Maruti Udyog (MUL) rose 8.85 crore compared to Rs 272. Surprisingly.05% for the week to close at Rs 768. required under the production-sharing contract.811. Thesis.09 crore (Rs 4.627.17 crore (Rs 145.34 crore for the quarter ended 30 June 2005.57 crore.81 crore). also in line with market expectations. SBI advanced 11.18 crore from Rs 536.253.47 crore (Rs 2.10% for the week to close at Rs 727. SBI reported a 34. It cited lack of price discovery and no-adherence to the arm’s length sales criterion.81 crore for the quarter ended 30 June 2006 as compared a net profit of Rs 63.12% for the week to close at Rs 575.9% to Rs 3.318.022. Net interest income declined 8. Total income (net of excise) has gone up to Rs 15.41 crore (Rs 3.34 per mmbtu price.31 crore. which Reliance Industries (RIL) had proposed for selling gas from its KG basin block to Anil Ambani’s Reliance Natural Resources. The government on Wednesday rejected the $ 2.86 crore).118. Tractor & utility vehicles maker Mahindra & Mahindra surged 12. Tata Motors rose 8.65 crore. Reliance Industries (RIL) was up 1. was in line with forecasts.Uploaded for projectsparadise. Net sales grew 18.10. The pharma major posted a net profit of Rs 131. Dr Reddy’s Lab shot up 12. The company reported 40.5% growth in net profit for Q1 June 2006 to Rs 204.

95 3274.com 4.45 3187.75 3151.75 21-Aug-2006 3356.50 3364.30 3377.90 3182.15 3161.20 3407.50 3236.60 23-Aug-2006 3363.00 3405.15 3313.00 22-Aug-2006 3369.10 03-Aug-2006 3182.50 3452.75 3356.75 07-Aug-2006 3176.55 3304.60 10-Aug-2006 3254.2 NIFTY AUGUST Date Open High Low Close 01-Aug-2006 3128.55 3267.75 3377.15 3190.90 18-Aug-2006 3354.65 3379.55 3385.10 29-Aug-2006 3405.40 25-Aug-2006 3368.05 3434.85 3370.90 3332.35 14-Aug-2006 3274.40 09-Aug-2006 3211.05 3286.70 3113.10 16-Aug-2006 3314.70 3228.55 3402.75 3430.80 3440.85 3127.75 3401.20 3187.Uploaded for projectsparadise.85 3254. Thesis.35 31-Aug-2006 3404.95 3396.10 3425.05 17-Aug-2006 3359.60 3353.55 3234.50 3142.80 3176.15 3328.35 3351.70 3178.90 SENSEX AUGUST Projects.60 3147.55 3212.45 3260.70 30-Aug-2006 3425.20 3356.95 28-Aug-2006 3386.65 3325.80 3374.50 3366.25 3332.75 3229.90 3366.60 3398.20 3154.com 22 .10 11-Aug-2006 3260.70 3368.95 3317.30 3403.55 3216.80 24-Aug-2006 3336.80 02-Aug-2006 3129.80 3269.55 3151.65 3413.00 04-Aug-2006 3189.10 08-Aug-2006 3151.10 3335. Dissertation – projectsparadise.25 3175.10 3314.60 3274.60 3369.70 3385.

Uploaded for projectsparadise.com

'DWH 2SHQ +LJK /RZ &ORVH 
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
    
$XJ     
   

Projects, Thesis, Dissertation – projectsparadise.com 23

Uploaded for projectsparadise.com

ANALYSIS OF STOCK MARKET FLUCTUATIONS AND GLOBAL MARKET

1st week ended on 4th August 2006

The markets firmed up last week with the Sensex climbing 186.28 points. The
BSE Sensex continued the previous week’s trend, moving northwards for four
consecutive sessions from Monday to Thursday while succumbing to profit-booking
on Friday.

For the week ended Friday (4 August), the BSE Sensex gained 186 points, to settle
at 10,866.51. The S&P CNX Nifty gained 45.95 points, to close at 3,176.75.

Firm Asian markets and FII buying aided the rally. Asian markets now seem more
comfortable that US rates are at or nearing a peak. The US Federal Reserve would
be meeting on 8 August again to decide on US interest rates.

Sensex rose 63.65 points on Monday tracking firm global markets. On Tuesday, the
index managed to finish in the positive terrain, up 8 points on the back of news in
latter part of trading that international ratings agency, Fitch, had upgraded India to
investment grade.

On Wednesday, it surged 124.53 points triggered by sustained buying by FIIs. The
index ended 47 points on Thursday, crossing the 11,000 mark in intra-day trade but
ended below that psychological level. The Sensex lost 57 points on Friday after
remaining above the 11,000 mark for the first half of the trading session.

FIIs invested to the tune of Rs 653.7 crore in the equity segment for the first four
days of the week. Mutual Funds offloaded Rs 86.92 crore in equities. There are
expectations that FII inflows will pick up following the upgrade in India’s rating by
Fitch.

Projects, Thesis, Dissertation – projectsparadise.com 24

Uploaded for projectsparadise.com

The BSE IT Index gained 3.1% for the week to settle at 4,018.66. Infosys gained
3.18% for the week to close at Rs 1,680.95. TCS was up 2.37% for the week to close
at Rs 950 and Wipro advanced 5.19% to close at Rs 507.35. IT companies reported
strong Q1 June 2006 results. Infosys Technologies and Satyam Computer have
revised upwards earnings as well as revenue guidance for FY 2007 (year ending 31
March 2007).

Patni Computer shot up 25% for the week to Rs 345.65. The company reported
improved Q2 June 2006 results and also issued encouraging guidance for Q3
September 2006. Patni reported a net loss of $ 3.21 million for Q2 June 2006
compared with a net income of $ 14.44 million in Q2 June 2005. The company said,
prior years’ tax review by IRS and review by Department of Labor of Patni’s US
operations has decreased net income by $ 19.9 million. Net income adjusted for
additional provisions was at $ 16.7 million in Q2 June 2006. Revenues increased by
10.2% on a sequential basis to $ 143.03 million $ 129.85 million.

The BSE Auto index rose 3.28% for the week, to close at 4,564.57. Tata Motors rose
4.40% for the week, to finish at Rs 759.50. Tata Motors vehicle sales rose 44.5% in
July to 45,056 units from 31,173 units a year earlier. Sales of commercial vehicles
(CV) rose 54% to 21,534 units from 13,957 units, while sales of cars and utility
vehicles rose 40% to 18,238 units. Exports rose 25% to 5,284 units from 4,220 units.

Bajaj Auto gained 5.58% for the week to close at Rs 2,613.50. The company
reported strong sales for the month gone by. The auto major’s vehicle sales in July
rose 34%, to 1,99,821 units from 1,49,406 units a year earlier. It said sales of
motorcycles rose 49% to 1,71,115 units from 1,15,216 and sales of all two-wheelers
grew 37% to 1,73,158 units against 1,26,821 units a year earlier. Sales of three-
wheelers climbed 18% to 26,663 units from 22,585 a year earlier. The company said
exports jumped to 42,476 units from 14,698 units a year earlier.

Car major Maruti Udyog (MUL) advanced 2% for the week, to finish at Rs 783.80.
The auto major said on Tuesday that it had raised prices of some cars by Rs 500 -
5,000 (0.17%-1.47%) on account of higher raw material and freight costs. Earlier
during the day, MUL reported 10% growth in domestic car sales, to 44,653 units in
the domestic market, up 10% from 40,553 units a year earlier. The carmaker
exported 1,755 units in July, down 58% from 4,203 units last year.

Reliance Industries (RIL) lost 1.30% for the week to settle at Rs 967.40. As per
reports, RIL has raised petrochemical prices between 3 - 9% for August 2006.

Projects, Thesis, Dissertation – projectsparadise.com 25

Uploaded for projectsparadise.com

Cement shares rose on the back of strong despatches from cement majors. GACL
rose marginally 0.91% for the week to close at Rs 105.90. The cement major said on
Tuesday its July shipments rose 8% from a year earlier to 1.02 million tonnes from
0.95 million tonnes.

ACC gained 1.62% for the week to close at Rs 862.35. ACC said on Tuesday its July
shipments rose 11%, to 1.42 million tonnes from 1.28 million tonnes a year ago.

Housing finance major HDFC rose 5.2% for the week, to close at Rs 1,245.25. On
Tuesday, the housing finance major raised home loan rates across the board by 50
basis points.

Ranbaxy Laboratories surged 6.64% for the week to end at Rs 396.80. A US federal
appeals court invalidated a secondary Pfizer patent, paving the way for an earlier
launch of a generic form of Lipitor, the US pharma major's blockbuster cholesterol
drug.

Bhel shot up 9.26% for the week to close at Rs 2,149.75. The company board meets
on 8 August 2006 to consider an issue of bonus shares and a stock-split. The
company reported 85% surge in net profit to Rs 236.7 crore for Q1 June 2006
compared with Rs 127.9 crore in Q1 June 2005. Net sales rose 37% to Rs 2,656.3
crore (Rs 1,936.5 crore).

2nd week ended on 11th August 2006

The benchmark index, the BSE Sensex, crossed the 11,000 mark and advanced
326 points on the back of firm Asian markets and on the US Federal Reserve’s
decision to hold interest rates steady at 5.25%. Concerns of a rise in domestic
interest rates have eased after the US Federal Reserve kept US rates unchanged for
the first time in nearly two years. It is reckoned that the Fed decision to maintain US
interest rates may discourage the Reserve Bank of India (RBI) from hiking interest
rates further in the near term.

For the week ended Friday (11 August), the BSE Sensex gained 326 points, to close
at 11,192.46 on Friday. The S&P CNX Nifty gained 97.6 points, to close at 3,274.35.

Soaring global crude oil price and concerns that the US Federal Reserve may
increase interest rates, led to a fall of the market on Monday, as the Sensex lost
53.87 points. On Tuesday, the Sensex shot up 202 points, tracking firm Asian
markets.
Projects, Thesis, Dissertation – projectsparadise.com 26

On Thursday. the Sensex managed to close in the positive.651. As per reports.048. having several shops in and around Delhi. to finish at Rs 1.42 as concerns about rising domestic interest rates eased. India's industrial production in June rose 9. Ind Swift laboratories gained 17% to close at Rs 79. The Sensex added 43. the price offered by Indian Labour Cooperative Society along with Indian Potash. The BSE Mid-Cap Index rose 258 points.04% to close at Rs 1. to close at 4.65. BSE’s banking sector index.Uploaded for projectsparadise.70.38 points.42.55. State Bank of India jumped 6. Thesis.90.25. gaining only 4 points. The BSE Metal Index rallied 319. Infosys gained 3.25. to finish at 8.139.25.52%. to close at 4. Super Bazar. was well above Rs 70 crore.33% to close at Rs 794.65%.50. Hindalco rose 3.80% to close at Rs 584. data showed on Friday.74 points.com 27 .63. Maruti gained 1. HDFC Bank rose 1.80 and Nalco was up 1. Mutual funds also purchased equities worth Rs 171 crore during the same period. ICICI Bank rose 6.72% to close at Rs 165. Dissertation – projectsparadise.71 points. rallied 275.67% to close at Rs 33.35 and Wanbury was up 12. FIIs invested in equities to the tune of Rs 665 crore for the first three days of the week. higher than market expectations due to robust manufacturing output. Bajaj Auto rose 1.23% to close at Rs 858.com The Sensex gained for the second consecutive day on Wednesday.163. Tata Motors rose 4. RIL’s bid for the co-operative.54% to close at Rs 794. the BSE Bankex.59% to close at Rs 82.193.6% from a year earlier.61.10.75. ONGC rose 1. Auto shares advanced on expectations of strong sales in the current festival season. Uttam Galva rose 12.25. TCS rose 1.58% to close at Rs 195. Index heavyweight Reliance Industries rose 4.46% to finish at Rs 2.011. adding 130 points on US Federal Reserve’s decision to hold interest rates steady.27. A Japanese investment firm and SBI Holdings agreed to form a $100 million venture capital fund with India's largest lender.3% weightage in the benchmark index.92% to close at Rs 968.61 points. The BSE IT Index rose 120. The BSE Small-Cap index shot up 379.14% to close at Rs 809.742.29 points on Friday on the back of a sharp fall in crude oil prices and firm Asian and US markets. to 5.55. Projects.617. to close at Rs 1.596. to close at 5.15. India's second largest exporter has 11.

72. the BSE Sensex added 273 points (2. to close at 11. Dissertation – projectsparadise. on trigger from a rally in Asian markets due to easing concerns of inflation in the US. Thesis.50. The S&P CNX Nifty gained 82. the BSE Sensex collecting 273 points. Both firms had already signed an agreement in February last. Raymond and Belgian firm UCO NV will invest Euro 100 million each.25%.75.321.Uploaded for projectsparadise. in a new joint venture company to merge their denim businesses in Europe.356.17 points on the back of sustained buying in blue chips. Projects. Hindustan Oil Exploration jumped 14. The company priced its rights issue at Rs 76 per share. The BSE Sensex added 120 points on Monday. taking cue from firm Asian and European markets and receding global crude oil price. to close at Rs 393. The Development Bank of Mauritius selected the company’s flagship product. The merged firm will have a combined capacity of 80 million metres per annum. and a further fall in global crude oil price.com Raymond surged 4. 3rd Week ended on 18th August 2006 Firm Asian markets coupled with a fall in crude oil prices triggered an upswing in the market. the BSE Sensex added 29.38%. a Belgian firm. losing 12 points. On Tuesday the market was closed on account of Independence Day. For the week ended Friday (18 August). The Sensex advanced 135.32 points on Wednesday. i-flex solutions rose 1. Crude oil price declined sharply by about $ 4 a barrel during the week following a truce in the Middle East that came into force from Monday (14 August).4%). Flexcube. The benchmark index finished lower on Friday as profit-booking crept in.74% to close at Rs 129. The market recorded the fourth straight week of gains as several positive news came in during the past few weeks. The company has formed a joint venture company with UCO NV. On Thursday. The major news that provided relief to the markets was the US Federal Reserve’s decision to hold interest rates steady at 5. to close at 3.15.5%).465. for its core banking solution.56% to close at Rs 1.4 points (2. the US and in Asia.com 28 .60.

95.85.com FIIs invested to the tune of Rs 962.2% for the week.6% for the week to close at Rs 374.29% to close at Rs 705. ONGC is looking for stakes in "many more" overseas oil assets in collaboration with Chinese firms. Thesis.80% for the week to close at Rs 840. rose 173 points (5%) to close at 3. Bajaj Auto rose 2.15. Tata Motors rose 7% for the week to close at Rs 849.53 crore in equities in the same interval. Hindustan Zinc rose 2.3% to Rs 1.55% to close at Rs 408. which includes pharma stocks.200 per tonne. M&M inked a memorandum of understanding (MOU) with the Maharashtra Government to set up a Rs 550 crore project code-named Ingenio. Dissertation – projectsparadise. MNC pharma stocks like Glaxosmithkline Pharma shot up 10.65 despite reports that it has cut zinc prices by Rs 8. to close at Rs 645.4% to close at Rs 249. Fall in crude oil prices boosted refiners. Omimex de Colombia. The company plans to introduce another new vehicle after Ingenio's launch in 2008. which has come down by about $4 a barrel. Their losses will be reduced by a recent fall in crude oil price.53.207.7% to finish at Rs 1. R S Sharma.210. It will set up its single biggest plant by FY 2010. Sharma was speaking after announcing ONGC's success in bidding for a 50% share in Colombian oil firm. Refinery firms are incurring losses on marketing of petrol and diesel as a rise in oil price has kept pace with the surge in crude oil price. Ranabxy was up 3. Mahindra & Mahindra (M&M) rose 5. to close at Rs 559.70.6 crore in two trading sessions. Pfizer gained 12% to close at Rs 800.com 29 . BPCL rose 22. while mutual funds bought Rs 59. the company's chairman.924 as global crude oil witnessed a fall in their prices.24% for the week. This may have a capacity of up to 5 lakh units. The BSE Healthcare index. on Monday and Wednesday.6. Projects. Reports came in on Friday that the government has agreed to a 10-year exemption from price control for any new drug molecule emerging out of indigenous research and development.35. Novartis advanced 12% to close at Rs 472. The BSE Auto index rose 4.556. ONGC rose 1.2% for the week to close at Rs 1.6 and Indian Oil Corporation advanced 17% for the week to close at Rs 467. to close at 4.Uploaded for projectsparadise.495 and Cipla rose 3.5% for the week to close at Rs 273. HPCL shot up 22.47% for the week. said on Monday.20 and Hero Honda gained 1.710. Maruti gained 5. This plant will manufacture the company's new multi-purpose vehicle.2% for the week to close at Rs 2. Dr Reddy's was up 3.35.20. along with China's Sinopec.

95. Crude oil price is currently hovering around $72.1 crore for the first three days of the week. The BSE Sensex rose 46 points. PSU banks extended their recovery on expectations that interest rates may not rise in the near term. which led to a loss of nearly 100 points in the Sensex. RBI. RIL will open its first retail store in September 2006 in Hyderabad. the bank’s board on Thursday ratified the bank’s decision early this month to raise prime lending rate by 25 basis points. holds 59.its highest closing since 17 May 2006.49 crore during the same period.Uploaded for projectsparadise. As per reports.7 as substantial buying was witnessed in the stock. currently. 4th week ended on 25th August 2006 The market firmed up further last week.8%). to close at Rs 1. The lowering of RBI's stake will create sufficient space for the bank to hit the capital market with its follow-on offering. the Sensex rose 40 points in volatile trade. while losing 9 points on Tuesday despite firm Asian markets. Initially. On Thursday. For the week ended 25 August.761. Thesis. On Friday. Meanwhile. profit-booking gripped the market. the Sensex rose 106.73% in India's largest commercial lender. Mutual funds sold equities worth Rs 81.com 30 .48 points (0. The S&P CNX Nifty rose 29. On Wednesday.055. Infosys rose 1. The BSE Sensex advanced 125 points on Thursday after it had lost as over 100 points in early trade that day.50. high oil prices remain a concern.572. Projects. the market received a boost in the second half of the trading session. for the week to settle at 3. which hit a two-month high.12% for the week to close at Rs 1. Reliance will restrict itself to retailing food and vegetables. to settle at 11. it had finished upbeat on the back of a rise in bond prices.73 per barrel. by approving the SBI (Amendment) Bill.com Reliance Industries gained 4.9%).385. The bill proposes to lower the floor for RBI’s holding in SBI to 51%.20 . On Monday.3% for the week. The State Bank of India (SBI) received an additional boost on Friday after the Union Cabinet on Thursday paved the way for a follow-on public issue by the largest commercial bank. Dissertation – projectsparadise. extending its recovery that began in late July 2006. FIIs invested in equities to the tune of Rs 552. and on expectations that the domestic fuel price may not rise in the near term.20 points (0.

Reports on Friday suggested that the Indian government will issue bonds to state-run oil firms late this month to cut losses.90 3473. Thesis.35 crore. HCL Tech reported 21% sequential growth in consolidated net profit to Rs 233 crore.60 3457.00 3439.4% to Rs 73. and these are likely to carry a coupon rate of 7.85 3471.65 3351. 4. Metal shares turned volatile. Dissertation – projectsparadise.50 on renewed buying.80 3477.7% to Rs 571.35 crore). Media reports on Monday (21 August) stated that Ranbaxy Laboratories is close to acquiring Russian generic drugs maker Akrikhin for $100 million. ACC.3 NIFTY SEPTEMBER Date Open High Low Close 01-Sep-2006 3414.80 crore.35 crore from Rs 525.55 08-Sep-2006 3454.40 3490.com 31 .85 3438.5-8%.50 3402.85 05-Sep-2006 3471.45 04-Sep-2006 3435.15 3478.55 3483.55 3476.35 crore (Rs 53. Consolidated topline expanded 12% to Rs 1.15 12-Sep-2006 3363.85 even as it reported strong Q4 June 2006 results.Uploaded for projectsparadise.90 3435.90 Projects.25 07-Sep-2006 3477. Gujarat Ambuja Cements. For the fourth quarter ended 30 June 2006. Papermaker Ballarpur Industries edged higher on the back of strong Q4 June 2006 results.10 3435.70 3465. But pharma major Ranbaxy lost over 4%.45 11-Sep-2006 3470. to Rs 388. Refinery shares consolidated after a solid surge in the previous week. Its profit before tax & exceptional items rose 37.253.95.110.40 3488. Auto shares moved higher on expectation of continued strong growth in vehicle sales.45 3389.30 3395.05 3328. tracking volatile metal prices on the London Metal Exchange.95 3442.80 3454. Select cement shares advanced on expectation of a pick-up in demand as the southwest monsoon nears its end. Gross sales rose 8. to finish at Rs 1.65 3477. HCL Technologies edged slightly lower for the week to settle at Rs 574.35 3486.com Reliance Industries rose over 5%.75 06-Sep-2006 3474. Two-wheeler major Hero Honda and car major Maruti Udyog advanced on hopes of strong sales in the forthcoming festive season. Grasim and India Cements firmed up.30 3366.

05 25-Sep-2006 3545.70 3588.45 3525.com 13-Sep-2006 3389.10 3568.75 19-Sep-2006 3493.80 3454.65 3506. Thesis.55 3478.60 3484.15 3599.05 3562.20 3478.55 14-Sep-2006 3454.60 18-Sep-2006 3478.00 3454.80 21-Sep-2006 3506.65 3487.95 3438.80 3564.85 3509.40 3492.75 29-Sep-2006 3572.65 3514.50 3514.75 3502.35 3506.40 3579.75 3517.75 3571.40 SENSEX SEPTEMBER 'DWH 2SHQ +LJK /RZ &ORVH 6HS          6HS          6HS          6HS          6HS          6HS          6HS          6HS     Projects.75 3603.45 26-Sep-2006 3523. Dissertation – projectsparadise.85 3419. Uploaded for projectsparadise.70 3576.85 3523.com 32 .85 3470.70 3568.80 3457.45 3434.65 3389.95 3589.30 28-Sep-2006 3579.70 3556.05 22-Sep-2006 3554.40 3544.75 27-Sep-2006 3571.70 3553.60 15-Sep-2006 3471.15 3571.30 3560.60 3471.35 20-Sep-2006 3457.

Projects.com 33 . Dissertation – projectsparadise. Uploaded for projectsparadise.com      6HS          6HS          6HS          6HS          6HS          6HS          6HS          6HS          6HS          6HS          6HS          6HS          6HS          ANALYSIS OF STOCK MARKET FLUCTUATIONS AND GLOBAL MARKET 1st week ended on 1st September 2006 The market’s winning streak continued last week on short covering in the derivatives segment. Thesis. strong FII-buying and on the back of firm Asian markets.

40 a barrel reached in July 2006. in the week ended Friday (1 September 2006).02. fall in oil price and short covering in derivatives lifted the Sensex by 87 points on Tuesday. SCHIL later withdrew the circular following intervention by Securities & Exchange Board of India (Sebi). FIIs pumped in a net Rs 1. About 72% contracts from the August series rolled over to the September series. or 1.com 34 .com The BSE Sensex jumped 205. way off a record high of $78. to a 3-½ month closing high of 11. The barometer index oscillated 113 points that day. the Sensex rallying 47 points on Monday as blue-chips firmed up towards the close.236.50 points (1. in the week. Sentiment was also hit by reports on that Stock Holding Corporation of India – a clearing member of NSE .10 crore. Oil prices remained in the $70-71 a barrel range.4%). The Sensex rose 17 points on Wednesday in volatile trade.Uploaded for projectsparadise. Projects.435. A strong rollover was witnessed in the derivatives segment.had sent letters to brokers asking them to bring cash as collateral in place of shares.30 crore in the first four trading sessions of the week till Thursday (31 August). These shares have underperformed the benchmarks in the last couple of years due to earnings uncertainty arising from a disparity between crude oil prices and domestic retail prices of petroleum products – domestic fuel price rise has lagged a surge in crude oil price over the past few months.45. Renewed buying in blue-chips following a smooth rollover of August 2006 derivatives contracts and reports that the government has decided against a rise in domestic fuel prices helped the barometer index scale 3-½ month high on Friday. to close at 3.90 crore and Rs 487.778. Mutual funds purchased shares worth a net Rs 175 crore in the first four trading sessions of the week till Thursday. Dissertation – projectsparadise. The Sensex jumped 79 points on that day. The S&P CNX Nifty advanced 49.82 points. They were net buyers in three out of four trading sessions. which also supported the global bourses. Their inflow in three trading sessions between Tuesday to Thursday was between Rs 336. Thesis.7%. Trading for the week began on a positive note. The benchmark index lost 25 points on Thursday as players chose to unwind positions in August derivatives contracts. Firm Asian markets. compared to the usual range of 60-65%. Refinery shares edged higher in volatile trade as crude oil price remained off its record high.

000 a tonne and Essar Steel has cut prices of hot rolled coil prices by Rs 800 . Nasscom ranked TML as the eighth largest Indian IT services company in terms of export revenues for 2005-06. the Reserve Bank of India’s decision allowing banks to float hybrid debt overseas to shore up their capital base. Dissertation – projectsparadise. Further. Steel shares Tata Steel and Sail dropped ahead of price cuts announced by most steel firms from 1 September 2006. Canara Bank.4% premium over the IPO price of Rs 365. The stock settled at Rs 552.Uploaded for projectsparadise. attracting a huge 51.Rs 1. JSW Steel has reduced prices on different grades of hot rolled coils by Rs 750 .15 lakh units. Punjab National Bank. the company announced a Rs 1. Tech Mahindra (TML) is a leading provider of IT services and solutions to the telecommunications industry. Sail has cut prices of steel by between Rs 700 - Rs 1. TV broadcasters witnessed a sell-off on Thursday after Telecom Regulatory Authority of India (TRAI) capped tariff for pay channels under the conditional access system at Rs 5 per subscriber per month. But Zee Telefilms recovered on Friday. On Friday. Auto shares firmed up on Friday on decent-to-strong sales for August and also on reports that the government will not hike fuel prices.163 units. too.717 units.150 crore order from Indian Oil Corporation.com 35 . Buying was conspicuous in stocks like ICICI Bank. The stock rose on heavy volumes of 97 lakh shares on Friday. But Hero Honda reported 13% fall in sales in August 2006 to 2. from 41. Cigarette major ITC firmed up on short covering in derivatives.Rs 900 a tonne effective 1 September.80 on the 'd-day' (28 August). A section of the market feels that the stock is overvalued at the current level. Engineering & construction major L&T firmed up after the company set 29 September as the record date for a liberal 1:1 bonus issue. The stock rose 5% for the week.com Bank shares extended their recent recovery. 2nd week ended on 8th September 2006 Projects. Telecom software firm Tech Mahindra made a strong debut. Bajaj Auto reported 11% growth in sales for August to 2.60. This will help bank raise funds without equity dilution. Bank of Baroda and Bank of India.08.500 tonne. to settle at Rs 189. A number of state-run banks have raised prime lending rates (PLRs) in the past few weeks to protect their margins in a rising interest rate regime. Thesis. has lifted bank stocks. Car major Maruti Udyog’s domestic sales rose 16% in August 2006.

between Monday and Thursday while mutual funds purchased Rs 13. Banking. to finish on 11. On Wednesday.4 crore in four trading sessions.Uploaded for projectsparadise.541 units. refinery and IT shares also declined. to 17.471. between 11. As per reports. The overall movement of the Sensex for the day was just about 100 points. The BSE Sensex shed 9.53. The Bank of Japan on Friday kept key interest rates unchanged at 0. Weak global markets weighed down sentiments on the domestic bourses that day.com The markets gained for the second week in September on the back of continued inflow from FIIs and as oil prices dipped to a 5-month low. that day. gaining 28.000 per tonne. The total sales for August rose 26. indicating fresh buying interest. The market witnessed a lacklustre session on Tuesday. The BSE Sensex rose 140. There was a spike in turnover on BSE. The BSE Sensex rallied on Monday. FIIs invested in equities to the tune of Rs 816.4%.60 points. Projects. Aluminium producer Nalco rose 5%. The S&P CNX Nifty gained 36 points. for the week ended Friday (8 September 2006). Indica.069 units while passenger car sales rose 26. The market witnessed volatility on Thursday with the BSE Sensex losing 79 points. the BSE Sensex finished positive.21% to close at Rs 184. surged 48%.6 points. The BSE Sensex surged 65 points on the back of a rebound in Japan’s Nikkei 225 average and as oil retreated close to a 5-month low. to 23.91 a barrel on Friday. Metal stocks advanced as prices firmed up on the London Metal Exchange. Another major trigger was the government’s statement that status quo remains on participatory notes. to close at 3. Tata Motors rose 4%. to close at Rs 898.918. surging 136 points on the back of a strong US and steady Asian and European markets.945.45. Dissertation – projectsparadise.25%.65. Sales of the mid-sized sedan.55. Heavyweights were purchased in good numbers that day. to 45. Nymex crude was hovering at $ 66.93 and 11. to close at Rs 212. On Friday. Total commercial vehicle sales advanced 35%.com 36 .681 units.847.2%. the company has cut aluminium prices by Rs 2.5 crore worth of equities.63 points. Thesis. Hindalco was up 6. the market finished strong as buying emerged at lower level.

918.406 units.197. The private sector bank forwarded a reconstruction scheme to RBI.3% to close at Rs 43.5%.832.45. The excess Rs 3. to close at Rs 1. The central bank on Saturday (2 September) placed the bank under a moratorium.Uploaded for projectsparadise.483 from 4. and state-run Canara Bank.65.335. 3rd Week ended on 15th September on 2006 Projects. The company.000 crore will be distributed between raising the diesel engine capacity at Manesar to 3 lakh and increasing the assembly line to 3 lakh.000 crore to expand capacity.4%. which has resulted in a steady influx from FIIs in Indian stocks since late July 2006.000 crore in the Dadri power plant. However. United Western Bank shed 7%. Maruti has already pledged Rs 6. to 5. in the company. plans to invest Rs 20. ONGC fell 0. MUL also plans to introduce five new models over as many years. India-dedicated funds have started receiving inflows in recent months.3%. including India's second-largest lender ICICI Bank. to current 11. Andhra Bank and Corporation Bank have evinced keen interest in the bank.70. as there has been a sharp rally over the past few days.90%.000 crore to boost output. a section of the market expects correction in the near term. Grasim advanced 3.70. to close at Rs 488.35. Gujarat Ambuja Cements added 1. to close at Rs 1.com Cement shares were in demand on expectations of a pick-up in demand post- monsoon. Dissertation – projectsparadise. The commercial vehicle maker's sales in August rose 37%. citing poor financials and to protect its depositors. A clutch of banks.15. to close at Rs 115. to 6.085. while exports more than doubled to 786 units.6%. Ashok Leyland advanced 4. Thesis. there are reports that the heavy industries minister is awaiting a finance ministry clearance for the sale of residual stake of the government. as per reports. Managing Director Jagdish Khattar said on Thursday (7 September) that MUL will invest an additional Rs 3. Infosys fell 0.74 points (18. to close at Rs 940.com 37 . the Sensex has jumped 1. ACC gained 3. to close at Rs 945. MUL aims to increase annual car sales to 1 million units a year by 2010. Allahabad Bank.1%). From a low of 10.794. Car major Maruti Udyog (MUL) rose 7.737 units a year earlier. as oil price dropped to a 5-month low.44%. Reliance Energy (REL) jumped 9.6%. Also.80.91 on 21 July.10. to close at Rs 21.697 units from 4. Domestic sales rose 29%. to close at Rs 2.

insurance companies. higher than expected. foreign governmental agency or a foreign central bank as an FII. made amendments in the Sebi Foreign Institutional Investors (Second Amendment) Regulations 2006 to treat overseas- registered or incorporated pension funds. on Wednesday (13 September). the Sensex jumped 233 points. On Friday the Sensex ended with a gain of 36. for the week ended Friday (15 September. US crude oil slid to $63. Strong data on industrial production for July 2006. The index rose 110. TCS.com The BSE Sensex rallied for the week.Uploaded for projectsparadise. Thesis. due to robust manufacturing and electricity output.000 mark for the first time since 18 May on consistent inflows from FIIs and falling crude oil prices.4% in July from a year earlier.57 points amid choppy trade and settled above 12.478.com 38 . Foreign investors pulled out Rs 1.660 crore from the derivatives segment on Thursday (7 September 2006) & Friday (8 September 2006). Projects.02 a barrel as bulging US inventories offset geopolitical worries. Dissertation – projectsparadise. 2006). In the cash segment. The Sensex advanced 79 points on Thursday on the back of firm US markets.10 points on Tuesday. taking cue from firm Asian markets and a further fall in global crude oil price.000 for the first time in four months. mutual funds. government data released showed on Tuesday. on account of heavy selling by FIIs in the derivatives segment. The fall in oil price raised hopes that the government may not raise domestic fuel prices in the near term. Infosys and SBI.009.59. international or multilateral agencies. investment trusts. On Wednesday. there was a net FII outflow. The markets remained weak for most part of the first half. led by a rally in heavyweights Reliance Industries (RIL). The Sensex rose 91 points. The S&P CNX Nifty gained 7 points. which dipped to a 5-month low. The fall in global crude oil price eased worries about inflation and interest rates. reinsurance companies. In the second half the markets bounced back. Sebi. The market also welcomed Sebi’s decision to widen the scope of entities eligible to register as an FII in India.60. to the tune of Rs 65. contributed to the rally in the latter part of the session.20 crore during the same sessions. to finish at 12. to close at 3. The BSE Sensex plunged 368 points on Monday. breaching the 12. India's industrial production rose 12.

8%.50. Cement shares also firmed up last week.25.809.92% to close at Rs 954.792 and Hero Honda advanced 4. Dissertation – projectsparadise.79%. Ranbaxy Laboratories said on Monday (11 September) that it had received approval from the US FDA to market Loperamide Hydrochloride and Simethicone tablets. HDFC Bank rose 2.9% in the week. Bajaj Auto was up 0.66% in a week. Auto shares extended gains on hopes that the government will not raise domestic fuel prices in the near term due to falling global crude oil price. while simethicone relieves gas.635. Mutual funds bought Rs 412. or US oil giants. rose 5% in the week. to close at Rs 414. to close at 5.140. to close at Rs 1. strong FII-buying and on expectations of robust results from corporate India. The BSE IT Index rose 1.05 4th Week ended on 22th September on 2006 The market surged for the third consecutive week on account of falling crude oil price. and possibly a partnership with oil PSUs. The company is reportedly planning a mega ethanol facility in Brazil.90% to end at Rs 949. to close at Rs 746.11% in a week.486. Index heavyweight Reliance Industries rose 0. Infosys advanced 0. The market moved up as the US Federal Reserve kept interest rates unchanged at a meeting on Wednesday (21 September). ACC was up 0.com FIIs invested in equities to the tune of Rs 985 crore for the first four days of the week (Monday to Thursday).2%. to close at Rs 874.30.48% to close at Rs 2. Maruti gained 0.80.43. to bid during the latest round of oil & gas exploration blocks.7.003.16% to close at Rs 766.25.com 39 . The company is reportedly on the look out for acquisitions in Italy and Spain. Pharma major Dr Reddy’s Labs advanced 1.46 crore in equities for the four days. to end at Rs 1.15. to finish at Rs 647. Ranbaxy lost 0. Satyam rose 4% in a week. and plans to expand into Europe. to close at Rs 979. Projects.90%. The BSE’s banking sector index.Uploaded for projectsparadise. ICICI Bank jumped 7.4% to close at Rs 2. to close at 4. to close at Rs 828. in a week. TCS gained 1%. State Bank of India gained 3.8%. strengthening of rupee. Loperamide is an anti-diarrhoeal drug. to finish at Rs 1. Thesis.357.65.15 and Grasim Industries surged 6. the BSE Bankex.

75. to close at Rs 413. The BSE Sensex gained 227.15. The BSE Sensex rallied on Monday. Buoyant direct tax collections in the current fiscal also lifted the market as it indicated a rise in corporate profits.5% growth in April-September 2006.76 crore worth of equities. to close at Rs 2. to make up for losses suffered in their energy related investments globally. On Tuesday. Engineering and construction major L&T was up 0. the benchmark index rose 165 points. On Friday. and has bred concerns that such funds may book profits in Indian equities. it received tentative FDA approval for Lamivudine and Zidovudine.com 40 .831 crore. Recently. from Monday to Thursday.296. The S&P CNX Nifty rose 65 points.544.Uploaded for projectsparadise. Amaranth’s woes fuelled concerns that many other hedge funds could also have been hurt by the steep fall in crude oil and natural gas price.64% in the week. the BSE Sensex jumped 139 points as crude oil prices fell below $61 a barrel.80. to finish on 12. and steady-to-firm Asian markets. to Rs 87.5 crore in equities in four trading sessions. taking cue from weak global markets.1% in a week to close at Rs 260. the Sensex lost 37. Cipla rose 2. 40 mg. On Wednesday.236.656. both anti-AIDS drugs.41 points. and 80 mg. Thesis. the Sensex fell 101 points on profit-booking and on concerns over possible sales by hedge funds after US hedge fund Amaranth Advisors said on Monday (18 September) it may suffer billions of dollars in natural gas losses following a steep fall in price recently. Dissertation – projectsparadise. The pharma major has received approval from the US Food and Drug Administration to manufacture and market Furosemide Tablets 20 mg. On Thursday.78. The centre’s gross direct tax collections registered a 33.49 points. Projects. FIIs invested to the tune of Rs 1.com The market also rose on expectations that the RBI may keep short-term interest rates unchanged at its credit policy meeting next month. Investors mopped up the scrip ahead of the record-date for a bonus issue. as investors stocked up equities ahead of the second quarter results and after the US Federal Reserve kept interest rates unchanged. while mutual funds offloaded Rs 15. Ranbaxy fell marginally by 0. to close at 3.06% in a week. gaining 62 points on the back of strong FII inflows. The company will allot bonus shares on 29 September 2006.

Thesis.40 in the week ended 29 September. and a current production of approximately 20.com FMCG giant Hindustan Lever rose 5. to end at 12. Reliance Industries rose 1. to close at Rs 1. across portfolio over the last two months. expectation of strong Q2 September 2006 results. Satyam rose 1% in a week.454.184. in joint venture. cheaper oil. IT stocks were in demand this week. The company has hiked prices by an average 3%. On Tuesday.312.10. in the second installment this year.6% in a week.64 points (1. the barometer index jumped 147 points riding on gains in banking. 5th Week ended on 29th September on 2006 Short covering in derivatives ahead of the expiry of September 2006 derivative- contracts.com 41 . The BSE Sensex lost 63 points on Monday. The company is reportedly said to have bagged Rs 1. PSU power equipment manufacturer Bhel gained nearly 2%. Firm European markets supported the domestic bourses that day. 12.35 points (1.155.2%). The BSE Sensex rose 217. to close at Rs 2. Projects. to close at Rs 838. to close at Rs 1. The company’s foreign subsidiary and Sinopec. The company paid Rs 425 crore as advanced tax.830. to finish at Rs 1. ONGC rose nearly 2% in a week.55 and Infosys gained 1.25.30. The barometer index is now just about 200 points away from a lifetime high.000 oil barrels per day. which include onshore production and exploration areas with proven reserves of more than 300 million barrels of oil.20.588. Omimex has oil & gas operations exclusively in Colombia. to enhance capacity and technological expertise. acquired Colombian oil assets of US-based Omimex Resources. auto. IT shares and index heavyweight Reliance Industries. Dissertation – projectsparadise. to close at Rs 519.7%). to close at Rs 257. There were reports that it may acquire an IT company in the west. The S&P CNX Nifty rose 44.224 crore contract from Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL).671. in the week ended 29 September.Uploaded for projectsparadise. Wipro rose nearly 2% in a week.1% in a week. compared to Rs 225 crore last year. and sustained FII-buying took the market higher.2% in a week. to settle at 3. struck in intra-day trade on 11 May 2006.42.45.

analysts reckon. On Thursday. Infosys scaled a 52-week high of Rs 1. the BSE Sensex rose 46 points. Infosys said it will announce Q2 September 2006 results on 11 October 2006. in intra-day trade on 28 September 2006. RIL has struck gas in an exploration block off the east coast.com 42 .70. the potential of which is yet to be ascertained. as they will not be required to make provision for a depreciation in their bond portfolios due to rising bond prices. ending with much lesser gains for the day.195. lifted the Sensex 74 points on Friday. Mutual funds purchased Projects. when bond prices were continuously falling. and a second unit by mid-2010. in the derivative segment. it had struck in early-May 2006. compared to an inflow of Rs 4. As per reports. In the derivatives segment. aggregated Rs 5. to 28 September. Rollover in Nifty futures was over 70%. The rally was across the board in private sector and state-run banks. RIL promoters have hiked their stake by 2% to over 49%. Cement shares held steady-to-firm on expectation of a pick-up in cement price post-monsoon.com On Wednesday. but slipped suddenly as selling began in the late-afternoon. Thesis.70 crore. The company will also consider the payment of an interim dividend along with Q2 results. the BSE Sensex rose 14 points amid a mixed trend in various constituents of the barometer index.424. to consolidate their holdings.000-Megawatt Maithon power project in eastern India by the end of 2009. This is in contrast to large provisions they made over the past few quarters. Dissertation – projectsparadise.874. It expects to achieve financial closure for the project by mid-2007. It was in the pink of health till late- afternoon. The company said on Wednesday it will commission the first unit of its 1. Most PSU banks are expected to come out with strong Q2 results. Real estate developers Unitech and Mahindra Gesco Developers (MGDL) rallied on renewed buying. Meanwhile.Uploaded for projectsparadise. A smooth rollover from September series to the October series. Reliance Industries (RIL) came within a striking distance of its all-time high of Rs 1. Housing finance major HDFC surged on expectation of continued strong demand for housing loans. Bank shares hogged the limelight.643 crore in August 2006. FII-inflow for September 2006. the market-wide rollover of September contracts to October was 77%. Tata Power firmed up.

Uploaded for projectsparadise. The watchdog had earlier asked all demat account holders to provide PAN by 30 September 2006. brokerages are required to pay Rs 20 per crore worth transactions (0. Thesis. down from the earlier Rs 1. faster than the growth rate of 8. Manufacturing output. Dissertation – projectsparadise.9% in January-March. In the futures & options segment.0002 per cent) in the securities market.com 43 . Market regulator SEBI extended the deadline to provide a Permanent Account Number (PAN) by demat account holders. Trading on the bourses was extended by 45 minutes from 25 September due to sun outage till 16:15 IST.5% annual growth in January-March 2006. SEBI also reduced the turnover fees for brokerages with effect from 1 October 2006.218 crore.4% in the quarter. The revised trading time is applicable till 9 October 2006. compared to an inflow of Rs 426 crore in August 2006. Agriculture which accounts for about 23% of GDP grew at an annual pace of 3. the fee has been marginally increased to Rs 20 per crore (0. Projects.3%. GDP grew 8.9% in the April-June 2006 quarter from a year earlier. in the month (till 28 September). to 31 December 2006. boosted by manufacturing and services output.000 per Rs 1 crore worth of transactions. Under the new fee structure.com shares worth a net Rs 1.0002 per cent) from the existing Rs 10 per crore. As per the latest economic data. compared with 5. which accounts for nearly 15% of GDP. expanded by an annual 11.

95 3606.30 26-Oct-2006 3656.75 3744.4 NIFTY OCTOBER Date Open High Low Close 03-Oct-2006 3588.20 3561.05 3719.90 3723.20 3677.95 3580.80 3739.35 3776.50 23-Oct-2006 3683. Thesis.05 16-Oct-2006 3668.10 3726.95 3655.45 3597.60 04-Oct-2006 3570.65 19-Oct-2006 3711.20 3686.95 3621.75 3560.05 11-Oct-2006 3581.85 21-Oct-2006 3680.45 3567.com 44 .90 3569.40 3662.25 3665.50 3676.85 3708.10 3571.85 3726. Dissertation – projectsparadise.50 3691.55 3626.35 05-Oct-2006 3515.05 13-Oct-2006 3621.35 3540.35 30-Oct-2006 3739.35 3715.35 3621.90 3729.80 20-Oct-2006 3678.55 27-Oct-2006 3676.70 09-Oct-2006 3570.20 3727.com 4.50 3544.00 18-Oct-2006 3715.20 3563.25 3558.45 3769.70 3569.70 3668.00 3701.80 3545.65 3676.10 Projects.40 3742.75 3714.35 3674.40 3690.60 3574.55 12-Oct-2006 3562.65 3682.85 3651.05 3585.55 3614.85 3651.60 3564.30 3710.65 3515.Uploaded for projectsparadise.95 3515.85 3747.95 17-Oct-2006 3726.90 06-Oct-2006 3565.15 10-Oct-2006 3567.05 3677.20 3657.50 3782.45 3583.05 3508.85 3683.10 31-Oct-2006 3770.

com SENSEX OCTOBER 'DWH 2SHQ +LJK /RZ &ORVH 2FW          2FW          2FW          2FW          2FW          2FW          2FW          2FW          2FW          2FW          2FW          2FW          2FW          2FW          2FW          2FW          2FW          2FW          2FW          Projects. Thesis.com 45 . Dissertation – projectsparadise.Uploaded for projectsparadise.

The Sensex lost 88. On Thursday. the Sensex lost 16 points as blue-chips succumbed to profit taking. The Sensex plunged 162. Projects.com 6HS          ANLAYSIS OF STOCK MARKET FLUCTUATIONS AND GLOBAL MARKET 1st week ended on 6th October 2006 The market eased a bit last week as FIIs and traders resorted to profit-booking. taking cue from weak global markets.com 46 . Thesis. Concerns over possible sales by hedge funds also added to the weak sentiment. The S&P CNX Nifty fell 18. On Friday. while mutual funds sold equities worth Rs 112. The market was closed on Monday on account of Dussehra. to close at 3.569.Uploaded for projectsparadise. The BSE Sensex lost 81. Dissertation – projectsparadise. the Sensex finished 185.42 points and settled on 12.38 points on Wednesday as Asian markets closed weak.40 points higher on the back of robust global markets.7 crore for two days (Tuesday and Wednesday). FIIs offloaded equities worth Rs 713.70. as it bred speculation that such funds may book profits in the Indian equity market to make up for losses suffered in energy related investments.03 points on Tuesday as traders booked profits.37 crore.7 points.373.

70.90.70. sold 9.40) per tonne. to 15. light commercial vehicles and three-wheelers. Projects. rose 12%. Cement and IT stock witnessed a mixed trend. to close at Rs 536.88 million tonnes for the same period last year.September 2006 has increased 7.2%.77% in the 12 months to 23 September.65%.278 units in the same month last year.163. and that of cold rolled steel by between Rs 300 .82 million tonnes. Maruti sold 56. up 20.3%.000 per tonne. Index heavyweight Reliance Industries (RIL) was down 0.20. Tractor and utility vehicle maker Mahindra & Mahindra gained 3.606 units in the domestic market. against 1. Maruti Udyog slipped 3. due to an increase in food. The company reported a healthy 38% growth in vehicle sales in September 2006. Domestic auto sales.393 units a year earlier.6% from 49. also India's top-tractor maker.814 units in September. Dissertation – projectsparadise. The auto major said on Tuesday. The cement major’s despatches rose 7. higher than 4.92%.56% a week earlier.28 million tonnes in the same period last year.Uploaded for projectsparadise.6%. mineral and manufactured product prices. to close at Rs 592. including utility vehicles.100 per tonne.055 units from 539 units. The company's sales rose 15%. Mahindra. It also exported 2. The cumulative cement dispatches for January . to 1.80.70. The price increases are effective 1 October 2006. ACC fell 0.099 units a year earlier.2%. The company increased zinc price by Rs 2. down 2. to close at Rs 942.5% from 2.839 units a year earlier. up 37% from 7. that it had sold 59. The company on Tuesday reported 24% growth in vehicle sales for September 2006. Tata Steel rose 0. Thesis.15%). to close at Rs 1. Tata Motors gained 3. and lead price by Rs 1.Rs 500 a tonne. compared to 12. to close at Rs 893.099.05.com 47 .729 units in September. following a fall in global crude oil price.420 vehicles in September.38 million tonnes for September 2006. to 13. Bajaj Auto rose 3.500 ($76. to close at Rs 3.8% to 1. It has raised spot price of galvanised corrugated sheets by Rs 3. The company has cut retail price of petrol and diesel by a rupee.70. to close at Rs 702.885 units last year.976 units from 13.com India's wholesale price index rose 4. Zinc producer Hindustan Zinc fell marginally (0.68%. and exports climbed 96%. to close at Rs 986. up 22% from 46. The company revealed sales figures on Tuesday.23%.

the market soared but declined in the second half and finally closed weak.393.31%.35 points. The market commenced the week on a positive note.671. closing at Rs 2.05%). In the first half of the trading session. Indian Oil Corporation jumped 7. Dissertation – projectsparadise. it was gripped by high volatility for the entire day.55. Gujarat Ambuja rose 4. Heavyweights were suddenly in demand at the fag end of the session. Following a sharp fall in crude oil price.4 crore (From Monday to Thursday) while mutual funds offloaded equities worth Rs 127. The BSE Sensex closed 10 points lower on Wednesday despite Infosys posting better-than-expected results. to close at Rs 513. Wipro fell 2.65. to close at Rs 561.05.95 and BPCL rose 7. to close at Rs 394.42. to close at Rs 304. to close at 3.44 points on Friday. when the price had surged to record highs. TCS fell 2.9%.36%. On Thursday. FIIs invested in equities to the tune of Rs 1. and breaking the previous records of closing.18%. to close at Rs 122.11.736. Thesis. the BSE Sensex jumped 184.872. Projects. to close at Rs 1.05.55%.62 points on Monday.10. 2nd week ended on 13th October 2006 The market closed at a lifetime high last week on the back of robust numbers from IT bellwether Infosys and falling global crude oil prices.90.com Grasim was marginally up (0.7%. On Tuesday. The BSE Sensex jumped 363. Refinery shares surged on expectations of improved Q2 results. However. of 11 May 2006.676. The S&P CNX Nifty rose 106. The scrip rose on a heavy volume of 22. the BSE Sensex lost 2.45.34%.73 crore.Uploaded for projectsparadise. HPCL jumped nearly 8.com 48 .06 points as traders turned cautious ahead of the earnings season and resorted to profit-booking. Tracking firm global markets. oil marketing firms are said to be now making profits compared to earlier losses. the BSE Sensex gained 32. the BSE Sensex surged 198.42 points (2.520.1 lakh shares as a slew of block deals were executed in the stock on BSE.49 points on the back of firm Asian and European markets. to close at an all-time high of 12. Infosys rose 1. The benchmark index overtook its previous all-time high of 12. to close at Rs 993. The market sentiment is positive as traders expect corporate majors to beat street expectations and post better results.9%).

to close at Rs 910. since 7 October 2006. transforming into a projected year-on-year growth of 45.65.com India's wholesale price index rose 5. The company.700 a tonne.5 billion to stave off any takeover bid for the Anglo-Dutch steel maker.6% Reliance Energy slumped 3.77% in a week to close at Rs 511.05. to close at Rs 462.100 a tonne. effective immediately.6% in a week.40 on reports that the company has decided against the stiff hike in tariffs for Mumbai customers. Thesis. Dissertation – projectsparadise. to Rs 1. to close at Rs 957. to Rs 78. Tata Steel said it may bid for the steel conglomerate.46% in a week to close at Rs 130. The company raised zinc price by Rs 1.000 a tonne.4% to Rs 3.30. The company raised zinc prices for the second time on 12 October by Rs 14.77% a week earlier due to an increase in food.16% in the 12 months to 30 September. kept car price unchanged.451 crore from Rs 2.294 crore.Uploaded for projectsparadise. The company has forecast revenue of between Rs 13. Lead prices were also raised by Rs 2.96. The company has raised the market price of buses and trucks by up to 2%. to close at Rs 717. UK's Sunday Telegraph reported that the steel firm had lined up $ 6.82.500 per tonne to Rs 1.5% in a week to close at Rs 2. Consolidated revenue rose 50. NTPC lost 0. Maruti Udyog (MUL) was up 1.853 crore and Rs 13. NTPC runs a 350-megawatt power plant in Kerala.55. MUL and ONGC on Monday (9 October) inked an agreement for leasing vehicles under an end-to-end Projects. compared to Rs 606 crore for Q2 September 2005.65. Hindustan Zinc soared 21% in a week. Tata Steel lost 4. transforming into a projected year-on- year growth of 46.000.950-Megawatt unit by 2010-11.com 49 . Earlier. a growth of 53. The software outfit announced Q2 September 2006 results on Wednesday (11 October 2006).000 a tonne. data showed on Friday. Infosys has revised upwards its EPS and revenue growth guidance for FY 2007 (year ending 31 March 2007). higher than 4.899 crore for FY 2007. and plans to expand it to a 1. There are reports that the company has offered Qatar (government) 40% stake in a gas-fired power project in Kerala. Both net profit and revenue have surpassed market expectations. energy and manufactured product prices.3%.5 - 46%. Tata Motors rose 1. however. The company reported a net profit of Rs 929 crore for Q2 September 2006 as per Indian GAAP.90% in a week.61% in a week. EPS for FY 2007 is forecast at Rs 66. because of rising costs of key inputs like steel and tyres.85.088. Software major Infosys jumped 11.

The store will sell agri-produce and dairy products.9% to close at Rs 1.672. banking-specific application solutions from Oracle.2%).89 points (1. ONGC has decided to initially lease 29 vehicles through MUL on a pilot basis. Meanwhile. ACC rose 1. Following the latest price cut. Projects. the Sensex advanced 191.709.928. Index heavyweight Reliance Industries (RIL) rose 2.443.190. Dissertation – projectsparadise.34%).15. The company formed an alliance with IBM and Oracle for offering banking solutions to customers. on Wednesday amid a mixed trend in pivotals. On Thursday (12 October) RIL overtook state-run oil exploration major to become the top company in India in terms of market-capitalization. For the week.48. slipped 44. plunging 134.com (N2N) scheme of Maruti. RIL’s prices will equal those of state-run refineries. firm Asian markets and data showing an increased inflow from FIIs aided the rally that day.000 square feet of store space will be inaugurated on 18 October 2006.858.18. 22 for its Mumbai region and 7 for Delhi.000 last week.07% in a week to close at Rs 1. The banking collaboration will combine the business and IT architectural leadership of IBM in banks. to close at Rs 2. 3rd week ended on 20th October 2006 The market cooled down after reaching within striking distance of 13. Trading started strong for the week.005.05%) to settle at 12. after a solid spurt in the previous few sessions on the back of impressive quarterly results from IT companies.35 points (0. i-flex solutions rose marginally 0. which failed to meet expectations. Cement stocks also firmed up last week.33% in a week.com 50 .20.883. The market weakened on Thursday after Ranbaxy’s Q3 results.85 and Grasim shot up 6%. The benchmark index lost 25.59.40. on profit- booking. to close at Rs 1.Uploaded for projectsparadise. The Sensex.723.40.76 points on Monday. to 12.35 points (0. and core banking and risk solutions from the company. There are reports that the company will open shutters of its first retail store in about a week. The first such store in Hyderabad spanning 27. the benchmark BSE Sensex lost 27 points to 12. however. to 12. Thesis. RIL has cut retail prices of petrol and diesel for the second time this month.83 on an increase in crude oil price. Expectations of strong Q2 results. to 12.

com 51 . Net sales rose 11% to Rs 14. at Rs 315 a share. Net sales rose 37.49 crore).000 mark on Thursday. Revenue growth was also in line with market expectations. to Rs 28.6% to Rs 1.50% for the week. Tata Steel lost 0.com On Friday. SJK operates an integrated plant with a capacity of 2. on Friday.53 crore. Satyam Computer Services declined 3.32% to Rs 1.20% to Rs 224. albeit marginal. The BSE Sensex finally settled at 14.709. Software major TCS declined 1.9% on a sequential basis to Rs 991. Tata Steel has offered 455 pence per share. Subsidy rose 78% to Rs 5.57 crore in Q1 June 2006. after its net profit rose less than 1% in Q2 September 2006. staff costs and the flooding of a plant capped gains accruing from high crude prices. despite an upward.02. to Rs 426.679.70.849.81 Projects. The steel maker said it will buy 80% in alloy steel maker SJK Steel Plant for Rs 24 crore.80. or about $ 8 billion. revision in FY 2007 EPS guidance.60% for the week.19 points. On Friday. On a sequential basis. RIL reported 9% growth in net profit for Q2 September 2006 to Rs 2.17 crore.6% to Rs 319.5 lakh tonnes a year.45. from Rs 4.15% on sequential basis to Rs 4.068 crore from Rs 12. swinging 169 points from the day’s high of 12. the Dow Jones Industrial finished above the 12.33 crore in Q1 June 2006.876 crore in Q2 September 2005. from Rs 150. to Rs 4. for Corus. and invest an additional Rs 32 crore in the company. and a low of 12. Satyam’s consolidated net profit as per Indian GAAP declined 9.70% for the week to Rs 507. to Rs 1.717 crore.40. Revenue rose 8.203 on Friday. Dissertation – projectsparadise.144. Kalyani Steel reported a sharp 58% fall in net profit for Q2 September 2006.6 million shares to an investor. For the first time in history. Kalyani's board also approved a preferential issue of 1. Reliance Industries (RIL) rose 0. Thesis.474 crore from Rs 20.087. the Sensex witnessed high volatility.61 crore.679 crore.85.20% on Friday. Kalyani Steels surged 19. Corus Group's board accepted Tata Steel’s takeover bid. ONGC shed 0. Net profit beat expectations.032 crore in Q2 September 2006.31 crore (Rs 50.4%.138 crore as discounts given to refiners.709 crore from Rs 2.151. to Rs 21. TCS’ consolidated net profit as per US GAAP rose 14. in southern India. to Rs 367. from Rs 4. Net sales rose 49.174 crore.75.50 crore in Q2 September 2006 from Rs 862.481 crore in Q2 September 2005.482. at 12. from Rs 2.Uploaded for projectsparadise.

59 crore from Rs 289.Uploaded for projectsparadise.88 crore. For the week.435.514 crore.275 for the week.36 crore in Q2 September 2005. which is undergoing Phase II. to Rs 201.05 crore in Q2 September 2005. Dissertation – projectsparadise.866. Tech Mahindra jumped 28.601. The company expects revenue from Global IT Services & Products business at approximately $633 million for quarter ending 31 December 2006. to Rs 317. Merck will pay Glenmark up to Euro 190 million ($238 million).442. Net sales rose 30. trials.com crore from Rs 354.30 crore).80 lakh shares.93 crore in Q1 June 2006.97 crore from Rs 1. Its net profit surged 379. to Rs 557.85.11% to Rs 2. The company had priced its IPO at Rs 295. Wipro expects 2% impact on margins in Q3 December 2006 due to wage hike. or mid-stage. Under the terms of the agreement. On Tuesday Gayatri Projects finished at a slight premium.4% to Rs 2.56% to Rs 1.1% to Rs 845. L&T’s net profit has risen 40. on Wednesday after a development agreement with Merck for a diabetes drug. from Rs 143.72% to Rs 392.60 crore (Rs 612.35% for the week to Rs 965. from Rs 1. Wipro on Wednesday reported 48% jump in net profit as per US GAAP to Rs 696 crore in Q2 September 2006. on a volume of 46.95 crore. The company said Earnings Before Interest and Tax (EBIT) of global IT services and products segment was up 48% to Rs 665 crore. Bajaj Auto’s net profit rose 10% in Q2 September 2006. GRC 8200. HDFC Bank reported 31.30. which includes an up-front payment of Euro 25 million along with various milestone payments for the drug.22 crore in Q2 September 2006. Sales rose 11% to Rs 1. Bajaj Auto witnessed a sell-off soon after the company announced Q2 results during trading hours on Wednesday.50% to Rs 141 crore from Rs 36. Glenmark Pharma jumped 18. L&T lost 2.50 crore in Q2 September 2005.6% growth in net profit for Q2 September 2006.12 crore. even as the company reported 40. Total income jumped 162% to Rs 648 crore (Rs 257 crore). at Rs 298.94 crore. The net profit beat market expectations.743.32% for the week to Rs 895 following robust set of Q2 September 2006 results.6% to Rs 201. Total revenue rose 41% to Rs 3.22 Projects. On Tuesday. Net interest income rose 38.com 52 . Thesis.7% growth in net profit for Q2 September 2006 to Rs 262. the stock shed 12. IT major Wipro rose marginally for the week. Net profit adjusted for last year’s extra-ordinary income has risen 68%. HDFC Bank declined 2.

8%.50. It settled above 12. from Rs 3.62 crore.45% to Rs 765.28.906. Mahindra & Mahindra (M&M) advanced 9. on the first day of Samvat year 2063.40 points to finish above the 12. on the back of robust Q2 results.com 53 .736. on strong demand for index pivotals.45.994. compared to the IPO price of Rs 95 per share on Friday.994. taking the Sensex near to its all-time high of 12. For the week. FIIs invested Rs 638. however.78. the Sensex opened with a sharp 76-point surge at 12. Hanung Toys and Textiles (HTTL) settled at a modest premium. The company last week won approval from Anglo-Dutch firm Corus Group for its 4. on profit-booking on 23 October. finished 27. On 21 October. Tata Steel slipped 1.07 crore.40 points. The market remained closed on Tuesday and Wednesday on account of local holidays. between 21 October and 26 October.13 points on 26 October.42 points (0.81.698. Dissertation – projectsparadise. which hit the market on 26 October. Thesis.45. Market lost 113.54 points to 12. Revenue has rose 10. at Rs 122. to settle at 12.90 crore in equities in three trading sessions.Uploaded for projectsparadise.900 for the second time after 16 October 2006 as buying resumed in heavyweight counters.20 crore shares on BSE.785. Short covering in derivatives due to expiry of October 2006 derivative contracts also aided the rally. M&M net profit jumped Projects.60 crore to Rs 3. 4th week ended on 27th October 2006 The market witnessed renewed buying following a robust set of results for Q2 September 2006 and is now within striking distance of a lifetime high of 12. triggered fresh buying.3 billion pound ($ 8. It clocked 1.45. The stock listed at 28. It.42% premium. at Rs 96.44% for the week.371. creating the world's fifth-largest steelmaker.22%) higher as selling began in the latter part of Muhurat trading session. the BSE Sensex surged 208. The Sensex rose 75. to Rs 500. the benchmark BSE Sensex spurted 197.900. to 12.623. On 27 October. The volatility was ahead of the expiry of derivative contracts for October series on Thursday (26 October). inspired by the smooth rollover of October derivative contracts.com crore from Rs 119. For the week.41 on the back of steady-to-firm global bourses and on the US Federal Reserve’s decision to keep US interest rates unchanged.04 billion) takeover bid.

226.7%.077.31 crore in Q2 September 2005.05.com 70.490.69 crore). On a consolidated basis. The core operating profit margin (OPM) declined sharply from 2.50.709.51 crore (Rs 158.81 crore). Net sales rose 2. Net sales rose 27. it expects a healthy performance in the second half of the year.14 crore. The equity capital of the company is Rs 12. IFCI jumped 11. may impact production at the refinery. Development Credit Bank ended at a sharp premium of 82.50 crore.Uploaded for projectsparadise.89 crore. The company said.02 crore.9% to Rs 2. It reported 22% fall in net profit for Q2 September 2006. following robust set of results for Q2 September 2006 declared on 20 October 2006.7% to Rs 740 for the week. A hydrotreater.2% fall in net profit for Q2 September 2006 to Rs 215. Thesis.60. after the company came out with turnaround results.72 crore from Rs 54.229. or desulphurisation unit.3%.19% from 5. The stock had lost 1.71% in Q2 September 2005 to 15.35% on 27 October to Rs 1.175. at Rs 47. On 21 October. over the IPO price of Rs 26 on 27 October.35 after it clarified that it was running the 6.78% to Rs 13. to Rs 24.91 in Q2 September 2005. compared to Rs 520.357.com 54 .50 crore (Rs 1.82 crore for Q2 September 2006.000 barrels per day Jamnagar (Gujarat) refinery at full-capacity. Net sales jumped 36. NIIT Technologies reported a surge in net profit for Q2 September 2006 to Rs 21. Bharti Airtel surged 5. Hero Honda shed 1. during the week. TVS Motors dropped 7. Reliance Industries (RIL) jumped 4.10 crore to Rs 4.55 crore from Rs 13.4% to Rs 270. on strong buying interest.70 after the company came out with better-than-expected results. Face value per share is Rs 10.20% to Rs 68. the group posted a net income of Rs 933.03% on 27 October 2006. OPM declined to 5. M&M’s Q2 results hit the market in afternoon trade.914. to Rs 529.20 on Thursday (26 October) as doubts ran high that a fire at the Jamnagar refinery on Wednesday (25 October). Net sales rose 30% to Rs 2.53% to Rs 108 during the week.5% to Rs 1. a marginal discount to the IPO price of Rs 58. NIIT Technologies jumped 14% to Rs 236.28 for the week.76 crore shares on the day of debut Projects.96 crore.83 crore. at the refinery caught fire on Wednesday morning. JHS Svendgaard Laboratories ended at Rs 57.5% to Rs 1. It reported a 9. Dissertation – projectsparadise.97 core.81% in Q2 September 2005. Total revenue increased from Rs 2. It had attained a new high of Rs 530. It clocked a huge volume of 5.

80 20-Nov-2006 3852.25 07-Nov-2006 3812.00 3928.95 3948.05 3809.45 3965.40 3798.75 23-Nov-2006 3955.70 3737.50 3952.20 30-Nov-2006 3929.15 21-Nov-2006 3859.50 Projects.20 03-Nov-2006 3793.75 29-Nov-2006 3922.40 3834.Uploaded for projectsparadise.75 3822.80 3933.75 08-Nov-2006 3799.65 3771.05 02-Nov-2006 3769.85 27-Nov-2006 3974.90 3791.80 3838.70 3945.40 10-Nov-2006 3796.com 4.95 3974.00 3805.30 3976.35 06-Nov-2006 3804.00 3883.65 3866.90 15-Nov-2006 3865.25 3809.25 3876.30 09-Nov-2006 3777.05 3842.70 3852.20 3769.30 16-Nov-2006 3876.00 3891.60 3954.00 3767.40 3785.75 13-Nov-2006 3834.30 3856.80 3935.25 22-Nov-2006 3918.80 3796.45 24-Nov-2006 3945.45 3789.80 3808.00 3911.40 3954.75 14-Nov-2006 3862.95 3888.30 3950.85 17-Nov-2006 3877.40 3798.70 3856.40 3900.40 3973.75 3865.80 3862.50 3921.00 3966.00 3850.40 3805.20 3809.90 28-Nov-2006 3966.95 3794. Thesis.20 3777.40 3863.95 3737.00 3929.85 3835.00 3909.85 3876.10 3777.85 3968.75 3918.5 NIFTY NOVEMBER Date Open High Low Close 01-Nov-2006 3744.15 3840.50 3761.com 55 .40 3920.55 3921.30 3960.00 3858. Dissertation – projectsparadise.05 3834.

Thesis.com 56 .Uploaded for projectsparadise.com SENSEX NOVEMBER 'DWH 2SHQ +LJK /RZ &ORVH 1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          1RY          Projects. Dissertation – projectsparadise.

Uploaded for projectsparadise. Thesis. Projects. Dissertation – projectsparadise.com ANALYSIS OF STOCK MARKET FLUCTUATIONS AND GLOBAL MARKET 1st week on 2nd November 2006 Market continued its winning streak to settle at lifetime high on strong demand for index pivotals.com 57 .

as investors mopped up heavyweights and scrips that have reported strong Q2 results. Bank rate was kept unchanged at 6% while the Cash Reserve Ratio (CRR) was kept steady at 5%. Sensex rose 39.90 on Tuesday. a lifetime closing high. The central bank said inflation would be driven by demand conditions rather than supply-side effects. PSU oil exploration major ONGC surged 12.98 points or 1. Also there were reports.50 on Thursday.06% to Rs 884.79. The central bank also raised 2006/07 economic growth forecast to "around 8%" from a previous 7. the Sensex finished 58 points higher to 13.12.2-billion to double the output from its D6 block in Krishna Godavari basin to 80 million standard cubic meters per day (mmscmd). It had surged to a lifetime high of Rs 1298. On 31 October. Sensex rose 117. The benchmark index advanced 71. to settle at 13. The stock was boosted by news on Thursday that Norway's Norsk Hydro had offered it stake in two exploration blocks. On Thursday.73% for the week ended 3 November 2006 to 13.130. as shares staged a rebound in later part of the day. while the Repo rate was raised by 25 basis points to 7. Sensex declined 62.79.50 for the week.76% for the week to settle at 3. that it plans joint ventures with Russian oil companies to acquire oil and gas assets. Projects.41% for the week to Rs 1289. on selling pressure throughout the day.com 58 . appropriate policy response. Nifty gained 66 points or 1.0-5. The total inflow of FIIs in the Indian equity market was Rs 1848.out of a total 34 wells. RIL had earlier proposed investment of $2.60 crore in the first four days of the week till Thursday (2 November).024.04 as investors bought blue chip shares. ONGC once again regained its numero uno slot in terms of market cap displacing Reliance Industries from that slot. Dissertation – projectsparadise. The joint ventures would look for properties in Russia and other countries but not India.36 points to 12961.45 points on Monday to settle at 13.805. RIL kickstarted its retail initiative by opening its first retail store in Hyderabad.5-8% estimate. Thesis.47 billion to produce 40 mmscmd from discoveries .14 points on Wednesday.25%.Dhirubhai 1 and 3 (in the D6 block) .091.Uploaded for projectsparadise.67 points on Friday to settle at 13. Reliance Industries rose 5. Reserve Bank of India in its mid-term review of annual policy kept Reverse Repo rate unchanged at 6%.5% range needed monitoring. Also there were on reports that it will invest $5. It said keeping inflation in 5.033.26.com The Sensex rose 223.130. RIL plans to raise up to $2 billion overseas to fund its oil & gas exploration and production business.35.

to Rs 619. Colgate’s net profit in Q2 September 2006 declined 24. Bharti Airtel rose 3.78% to Rs 547 for the week. It was up an annual 7. The latest economic data showed infrastructure sector output grew 9.com 59 . Hindustan Lever (HLL) advanced 4. shampoos and packaged foods.80 crore.70% during the week.74 crore for the quarter ended 30 September 2006 where as the same was Rs 325. Total Income rose to Rs 3162. It reported 79% growth in net profit to Rs 934 crore for the quarter ended September 2006. Colgate surged 11. after the cabinet of state government of Uttar Pradesh gave clean chit to a land development project which was earlier awarded to the company by the state government. The company’s board would meet on 08 November 2006 to consider a 1 for 1 bonus issue and splitting its 5-rupee share into shares of 2 rupees face value each.81 crore (Rs 6.8% to Rs 467. KPIT Cummins Infosystems jumped 24.70 during the week.29 crore). It reported 25% fall in net profit for Q2 September 2006 due to a huge VRS outgo of Rs 58.48% to Rs 1145.30.51 crore. during the week.44 crore (Rs 357. The net profit included exceptional items such as gains from sale of stakes in some firms.88% to Rs 270.66 crore).3% in September 2005.76 crore).88 crore).7% in August 2006. Net profit rose to Rs 520. The company's net sales jumped 61% to Rs 4.1% during the same period a year earlier.3% in the April-September 2006 period compared with 6. from Rs 521 crore in the corresponding period of the previous year. The company posted 60% rise in September quarterly earnings on strong demand for soaps. Thesis. Net sales rose 35.82 crore (Rs 2816. as well as one-off gains from stake sales.73% to Rs 596 during the week. 2nd week on 10th November 2006 Projects. to Rs 419. Jaiprakash Associates surged 30.96 crore for the quarter ended 30 September 2005.18 crore (Rs 30. Net sales rose 15% to Rs 320. Net sales has surged 30.709 crore. after it reported a 122.9% in September 2006 from a year earlier.com FMCG major. Dissertation – projectsparadise. after it reported 66% surge in net profit for Q2 September 2006 to Rs 62. AIA Engineering jumped 23.9% to Rs 23. Output rose an annual 6.44% for the week. Cummins India rose 5.15% to Rs 236 for the week.42 crore).12 crore).1% to Rs 95.69 crore (Rs 37.4% surge in net profit for Q2 September 2006 to Rs 14.357 crore from Rs 2. much faster than revised annual growth of 5.01 crore (Rs 278.Uploaded for projectsparadise.

57 points (1. Thesis.841. while the S&P CNX Nifty touched a high of 3. Bajaj Auto lost 9.10%. also to settled at a lifetime high of 3. It ventured into the $ 6 billion Indonesian bike market with its flagship model.288.56% to Rs 2.43% to Rs 2.21% to Rs 252. on selling pressure in index pivotals. hit the Indian market that day.295.85. on 10 November.595. On 10 November. Software major Infosys rose 3.42 points.156. for the week had settled at a lifetime high of 13.36.303.10 points. in intra-day trade.Uploaded for projectsparadise.89 on 6 November following buying demand for index pivotals.50 for the week. Strong industrial output data and benign inflation figures boosted the market that day. during the week to Rs 1. Sensex resumed its winning streak.com 60 . The Sensex surged 145.98 points on 9 November. Concerns over Indo-US relations following Democrats wresting control of the House of Representatives from President George W Bush's Republican Party in Congressional elections.072. HLL gained 7. on reports that the company is gearing up for a price hike for the fourth time in the year. Dissertation – projectsparadise. Profit-taking struck and the benchmark Sensex declined 30 points to 13.15 points on 8 November and ended at 13. and is to increase product prices by 4 . ICICI Bank advanced 7. The company also plans to set up a regional production base in Indonesia by investing $50 million over the next three years in a production base and distribution network. after Nissan Motor Company terminated talks with Japanese compact car maker Suzuki Motor Corp.65.95%). to 13. while the S&P CNX Nifty rose 36. gaining 64.25%). for a project in which Suzuki was to build a Nissan model in India for sale in the local market. RIL’s board had approved raising up to $2 billion through loans and bond issues. to 13.842. Projects. after its shareholders approved an issue of up to 30 million American Depositary Receipts.30 points (0. The Sensex rose 56.com The market continued its winning streak on the back of sustained buying for blue- chips.295. The BSE Sensex rose 164. Reliance Industries (RIL) rose 0.36.51.149. on strong buying demand in banking and oil & gas stocks.53% to Rs 906. Sensex lost 84. the Sensex struck an all-time high of 13.137. Car major Maruti Udyog lost 7.40.89% to Rs 834 for the week.66 on 7 November. the 180 cc Bajaj Pulsar.11%. or a combination of fund-raising instruments.49 as buying resumed.25. to 13186.

com 61 . robust exports and foreign investment inflows. UTV Software surged 31. lower than the previous week's 5. 7 November. Output had grown at 9.40. government data showed on Friday.60 crore.09%.1%. which was later denied by the company. The services business comprises of electronic manufacturing services (EMS). Mutual fund outflow for the first three days of the week (from 6 to 8 November) amounted to Rs 125.15% to Rs 830. there were reports that the Ministry of Commerce and Industry had rejected the automaker’s application for granting special economic zone (SEZ) status for its manufacturing facility being developed at Manesar. India. The new company will be called Solectron EMS India (SEIL). previously due to good monsoon rains.9% to 8. The stock surged to a 52-week high of Rs 261. data showed on Friday. the company has two businesses.41% due to a fall in the prices of manufactured products. after its unit received in- principle approval from the central government.56% to Rs 509.279.4% in September from a year earlier due to robust manufacturing and electricity output.38% to Rs 247. India's industrial production rose 11.52% to Rs 367. The products division makes hybrid microcircuits.2% in the next five Projects. MUL was to make cars in collaboration with Nissan Motor Company at Manesar. to develop a multi-product special economic zone (SEZ) in Maharashtra. in collaboration with Nissan. India's wholesale price index rose 5.1% in August. Solectron Centum Electronics jumped 31.35.05 after the company decided to separate services business into a separate company effective from 1 October 2006. after Renault said on Thursday it was expanding its existing joint venture with Mahindra & Mahindra to manufacture more models for the Indian market. National Council for Applied Economic Research (NCAER) revised up its 2006/07 economic growth forecast from 7.9% in August. FII-inflow for the first four days of the week (from 6 to 9 November) amounted to Rs 1. Indiabulls Financial Services advanced 9. There were reports that Rupert Murdoch's News Corp is eyeing a sizeable stake in the company. On Tuesday. Dissertation – projectsparadise. It expects GDP to expand by an average annual rate of 8. At present. Mahindra & Mahindra gained 8. Manufacturing production rose 12% in September from a year earlier. Also. in the 12-months to 28 October. compared with 11.Uploaded for projectsparadise.10 crore. products business and services business.com Following a recent tie-up between the two. Thesis.

as buying continued.com 62 .20. On 15 November 2006.10% growth in the coming years with more reforms. Reliance Industries lost 2. It gained 26. Sensex lost 76.89% during the week.com years. on buying interest for banking and cement stocks. Foreign fund HSBC Global purchased the shares from promoters. settling at 13.852. On 14 November 2006. constituting 0. as buying continued at higher levels. the Sensex jumped 116.35% to Rs 1. to settle at 3.8% of TCS’ equity capital of Rs 97.091.95.10%).429.09 points to 13.678. it replaced TCS as the fifth largest company in terms of market-cap. On 13 November.48 on profit booking. to offer software and other services to small and medium scale businesses in India.50 on 14 November.429. who hold 84% in the company. the Sensex gained 147 points (1.10 for the week.48 The S&P CNX Nifty advanced 18 points (0.04 in opening trade on that day.80. Finance Minister P Chidambaram said on Tuesday the economy can sustain 8 .50 points to 13. TCS rose 1. after two brokerages downgraded the stock to `underperform’ from market performer citing stretched valuations and weakening fundamentals. On 16 November 2006.52 points higher.Uploaded for projectsparadise. For the week ended Friday (17 November). Thesis. 3rd week ended on 17th November 2006 The Sensex maintained its winning streak. It had hit Rs 586.258.89.05 lakh shares were executed in the scrip on BSE.91% for the week to Rs 1.86 crore (face value Re 1 per share). It had struck an all time high of 13.469. an all-time high on 17 November. at an average Rs 1.399 as select blue-chips were in demand. Cellular services major Bharti Airtel advanced 6. to Rs 582. On 15 November. amid reports that it had bagged a $100 million contract in the US. Dissertation – projectsparadise. the Sensex finished 36.059 in early trade. Bharti Airtel said on Monday it was roping in Microsoft Corporation.87 points. the Sensex has gained 43. Projects. to settle at 13.37 on demand for banks and cement makers. at 13.505.47%) for the week ended Friday (17 November).41 points on 17 November to settle at 13. block deals for an aggregate 85.425. Strong FII-inflows and revision in earnings estimates by brokerages have fuelled the latest bull-run on the bourses.

On 16 November. it struck an all-time high of Rs 1. during the week. which is 142% higher from that of last year. FIIs have been the key drivers of the recent rally.150. Dissertation – projectsparadise. at an average Rs 138. Airliners rose on reports that they are to raise airfares between 3 . The block deals with a turnover of Rs 694 crore.com Gujarat Ambuja Cements rose 1. The company reported 38. Thermax rose 5.31 crore). Reports also add that the number of low-priced tickets available on each flight is also likely to be reduced as a cost-cutting measure. Bank shares surged on easing interest rate worries. It had also surged to an all-time high of Rs 1. 2. constituted 3. They were net buyers to the tune of Rs 2. On 16 November.09% due to an increase in the prices of food articles and manufactured products.59 crore in the first three days of the week.86% during the week to Rs 1. SBI jumped 7.63% to Rs 877. while Deccan Aviation jumped 38. RBI on Tuesday said the recent fall in global crude oil prices should help ease inflation pressures.6% (5 crore shares. The company has a robust order-book position with a order backlog of Rs 2.10. Total income has risen 57.82% to Rs 652. Projects. ICICI Bank rose 4. the Bank of Japan left its monetary policy unchanged on Thursday as widely expected.02 crore (face value Rs 2 per share). it struck an all-time high of Rs 925 on Reserve Bank of India's permission for new branches and ATMs.5%.35. Jet Airways rose 4.241 on 17 November.6% stake from the promoter group.10. Thesis. Swiss cement maker Holcim. On 16 November.973 crore on a consolidated basis as on 30 September 2006.302 crore for the first two days of the week.08 crore (Rs 25.Uploaded for projectsparadise.37% for the week to Rs 135.122.30% for 12 months ended 4 November.05 crore (Rs 311. On 16 November.23% to Rs 149. India’s wholesale price index rose to 5. which presently holds 15. Mutual funds made an inflow of Rs 150. to Rs 1.5 crore shares each) of its equity capital of Rs 272.15% to Rs 367 during the week following strong Q2 results. HDFC Bank gained 8% for the week.65.6% to Rs 491.43 crore).com 63 .6% in Gujarat Ambuja Cements.75 per share.6% growth in net profit for Q2 September 2006 to Rs 35.5 crore shares each were struck in the counter. two big deals of 2. higher than the previous week's 5.229. acquired an additional 3.

23 points higher.616. There are reports that the Department of Telecom (DoT) will make available.com The blue-chip Dow average achieved its longest winning streak since August.11 points on Thursday to finish at a record 12.20. Sensex finished with a modest 22.680. The scrip clocked a massive volume of 78 lakh shares on BSE. closed at Rs 593. Telecom services provider Bharti Airtel rose 5. to settle 1. For the week ended 24 November.430. Projects. rising 54.50-point gain on 24 November at 13. additional radio frequency for cellular service providers. The Sensex rose 89. Renewed buying in blue-chips helped the Sensex surge 186.53.20 after hitting a lifetime high of Rs 644.com 64 .33 as buying support continued. On 21 November. Thesis. on consistent buying support from FIIs.82.33. backed by firm Asian markets.77 on 21 November. it denied media reports about a sweetened bid for Corus Group.06 points to 13.56% to Rs 614.87% to Rs 149.85 On 20 November.61% to Rs 483.05 points or 2.83 amid a mixed trend in various constituents of the barometer index on 23 November after surging to a life high of 13.36.790. Dissertation – projectsparadise.76 points on 22 November to settle at 13.90 on 23 November. Tata Steel 1.Uploaded for projectsparadise. which runs web sites for job search and matrimony. NTPC advanced 7.71.703. a premium of 85. On Friday. the BSE Sensex gained 273. 4th week ended on 24th November 2006 Market continued to head higher.200.70 points lower at 13. the Tata Steel stock started languishing with investors worrying that the steel maker will over- pay in a bidding war. shares in Info Edge (India). The BSE Sensex ended 25.950. at 13. The Reserve Bank of India (RBI's)'s draft circular prescribing tighter guidelines for banks’ capital market exposure had resulted in Sensex tumbling over 200 points in intra-day trade on that day.703.70. the Sensex staged a solid intra-day reversal.706.3% over the IPO price (Rs 320).82 in early trade. from its lows of 13.04% to settle at 13. an all-time closing high.305.54% to 3.85 points or 2.95 after striking 52-week high of Rs 150.55. Soon after Brazil’s CSN on 17 November launched a counter bid for Corus. The S&P CNX Nifty rose 98. to stall the counter-bid by a Brazilian company.

the airline’s share registered an average of 19. It along with its consortium -Siemens AG. Following the rights issue. at Rs 793 per share.75.56 crore for the first four days of the week. amid reports that it had suffered a fall in market share in recent months.71% to Rs 1.90. and further dropped to 18. India's wholesale price index rose 5. the equity will go up to Rs 93. Africa and Asia-Pacific. after the company reported 32% growth in net profit for Q4 September 2006 to Rs 137 crore (Rs 104 crore). The annual inflation rate was at 4.29% for the year ended 11 November. for about $25 million. Mutual Funds were net sellers worth Rs 434. after its board approved a hike in Foreign Institutional Investors (FII) ceiling from the existing 24% to 49%. Deccan Aviation lost 3. Europe. Germany.Uploaded for projectsparadise. Aditya Birla Nuvo rose 3. FIIs were net equity buyers for the first two days of the week to the tune of Rs 700. marginally lower than the previous week's annual rise of 5. data showed on Friday (24 November).3% in the second quarter of the current financial year.9 million. Sebi directed 2 depositories and 8 depository participant to pay Rs 116 crore as compensation to retail investors who suffered opportunity loss in the IPO scam that came to light last year. Latin America. Projects.50. After touching a high of 21.107.com Siemens lost 1. after the company’s board decided to issue 2 shares for every 17 held on a rights basis. also bagged a contract worth Rs 4.000 crore from the Qatar General Electricity and Water Corporation (KAHRAMAA) in which Siemens' share was pegged at Rs 3. Thesis. after it bought the global propanil herbicide business of DowAgroSciences.2% in June. Dissertation – projectsparadise.35% to Rs 142.600 crore.50 crore.09% during the corresponding week of the previous year. Propanil is a global product with more than 100 registrations in over 30 countries in North America. The total turnover of this product in 2005 was $18.1% in October 2006.32 crore from Rs 83. As per latest reports. They also approved an issue of equity shares of an aggregate amount up to Rs 225 crore to Qualified Institutional Buyers (QIB).com 65 . United Phosphorus surged 13% to Rs 329.80.30% due to lower energy and milk prices. Air Deccan’s market share has been declining despite the low-cost airline offering a large number of tickets at nominal prices of Rs 3 and Rs 9. Development Credit Bank (DCB) advanced 19.30 crore.65% to Rs 61.20% to Rs 1.172. On 21 November.

15 3886.40 4015.80 3833.20 3934.90 3783.00 4027.00 20-Dec-2006 3832.20 3768.10 3870.05 3763.15 3928.20 3982.35 3961.30 3953.50 12-Dec-2006 3849.05 3798.65 3991.com 66 .55 21-Dec-2006 3814.75 3777.65 18-Dec-2006 3888.6 NIFTY DECEMBER Date Open High Low Close 01-Dec-2006 3955.70 3962.50 4015.30 3849.25 3991.60 3908.55 4001.25 4015.com 4.50 27-Dec-2006 3942.65 3765.70 3974.00 3828. Thesis.20 14-Dec-2006 3765.40 Projects.95 3970.50 22-Dec-2006 3834.75 06-Dec-2006 4016.45 3966.40 3871.70 3855.45 3832.60 3960.75 3986.85 3948.60 3716.50 3843.25 4033.00 05-Dec-2006 4001. Dissertation – projectsparadise.15 3823.75 3851.90 3965.10 3787.45 3845.30 3946.20 4001.45 3940.35 08-Dec-2006 4015.75 4046.95 3997.10 3861.95 07-Dec-2006 4015.25 28-Dec-2006 3974.00 4036.00 11-Dec-2006 3961.25 3661.15 26-Dec-2006 3871.70 4001.75 3937.40 4015.55 3815.90 13-Dec-2006 3716.05 15-Dec-2006 3849.60 3657.Uploaded for projectsparadise.70 4001.60 04-Dec-2006 4002.20 3997.75 19-Dec-2006 3928.55 29-Dec-2006 3971.45 3888.90 3880.85 3931.

com SENSEX DECEMBER Date Open High Low Close 29-Dec-06 13.501.413.729.492.81 13.65 13.73 13.60 13.77 13.11 13.67 14.708.86 13.36 13.614.90 13.912.47 14.801.182.487.09 13.01 13.16 13-Dec-06 13.545.01 13.441.78 Projects.669.734.695.03 13.35 13.261.86 20-Dec-06 13.79 13.29 13.39 13.951.13 13.744.035.65 12.416.734.60 13.59 13.21 19-Dec-06 13.799.21 12.237.028.02 13.223.00 13.915.34 12-Dec-06 13.01 18-Dec-06 13.905.770.937.43 8-Dec-06 14.61 13.384.232.88 13.873.Uploaded for projectsparadise.893.568.44 13.67 13.545.830.74 21-Dec-06 13.783.786.81 13.74 13.524.828.009.71 13. Thesis.40 13.34 27-Dec-06 13.962.62 13.493.47 13.72 13.844.56 13.340.34 22-Dec-06 13.09 14.911.181.731.039.94 14.949.77 13.65 13.98 13.39 13.52 14-Dec-06 13.471.36 13.60 13.67 13.239.960.859.737.819.54 13.398.857.846.382.399.847.756.91 13.726.com 67 .77 13.490.748.65 4-Dec-06 13.995.06 13.00 5-Dec-06 14.30 13. Dissertation – projectsparadise.33 1-Dec-06 13.874.007.972.00 12.002.929.03 6-Dec-06 13.362.38 13.028.78 13.452.725.56 13.91 28-Dec-06 13.69 13.801.02 11-Dec-06 13.49 7-Dec-06 13.846.09 15-Dec-06 13.313.10 13.62 13.69 26-Dec-06 13.17 13.256.

an all-time closing high. a record closing high.60. The BSE Sensex rose marginally by 14. Dissertation – projectsparadise. The BSE Sensex advanced 141. the Sensex finished with a gain of 79. Trading for the week began on a firm note. On 30 November 2006.78. the Sensex jumped 70. to 13.59.75 points (1.com ANALYSIS 1st week on 1st December 2006 The market kept its rally intact as investors continued to mop-up shares at higher levels. to 13. Thesis.616.64 points.696. partly on steady-to-firm Asian markets and partly due to short covering in the derivatives segment. tracking weak global markets on 28 November 2006.Uploaded for projectsparadise.26 points. a record closing.773.03%) during the week ended 1 December.997.601.95. to 13. Projects. amid a mixed trend in its constituents. at 13.18%).78 points.844. The Sensex plunged 171.31. The S&P CNX Nifty rose 46. On Monday (27 November).com 68 .45 points (1. to settle at 3.73 on 29 November. to 13.58 points.

a group company. The company on Friday announced the acquisition of Be-Tabs Pharmaceuticals. Ranbaxy Laboratories rose 0. Torrent Power SEC (TPSL) and Torrent Power Generation (TPGL). a 16. on Wednesday. transmission and distribution businesses of the Torrent Group. Three companies.com 69 . The company said domestic sales rose an annual 20.459 units. Punj Lloyd jumped 15.49% to Rs 1.449.10% to Rs 385. to 52. Thesis.com Sensex jumped 148.Uploaded for projectsparadise. a wholly-owned subsidiary of PTT Chemical Company.67 crore). leading to a further fall in these stocks. Punj Lloyd Group. the umbrella company of the newly amalgamated generation. In early-trade on Friday. Torrent Power AEC (TPAL).15% to Rs 342) declined.85% to Rs 1.844. Torrent Power (TPL).574.75) and Bharat Petroleum Corporation (down 9.30. On 28 November 2006.46% to Rs 1.5% to Rs 1. small-format food retailer.17 crore. Tata Power rose 1.097.21 crore. TCS signed a 7-year deal worth $65 million for reorganising Somerfield's IT services. the car major reported selling 55.60. jointly with its partner Toyo Thai Corporation. has bagged the order through Simon Carves. Car major Maruti Udyog added 4. Somerfield is a leading UK-based.30% to Rs 289. were merged into TPL giving shape to a scheme of arrangement.033 vehicles in November.78 on Friday (1 December). from Rs 1.45% to Rs 952. Dissertation – projectsparadise.183.279. a record closing following a smooth rollover of November contracts and the sunsequent build up for December series.7% to 2.7%. Projects.112. Total revenue rose 16.32% to Rs 598. The company reported 61% growth in net profit for Q2 September 2006. respectively. settled at Rs 70. to Rs 202. Indian Oil Corporation (down 11.10% to Rs 445. the fifth largest generics company in South Africa. UK. a global infrastructure services provider. Oil & refinery stocks slipped after the government announced a cut in retail prices of diesel and petrol by Re 1 and Rs 2.32 crore (Rs 125. for $70 million. coupled with robust GDP figures. Also crude oil prices moved near $62 per barrel.70 on BSE after listing at Rs 60 on BSE. The order is from PTT Polyethylene Company (PTT PE).50). Software major TCS rose 2.60.1% rise from a year earlier.47 points to 13. but exports fell 35.05. even as company denied rumours of a bonus issue and stock-split.10. Hindustan Petroleum Corporation (down 7. Godfrey Phillips surged 42.

India's wholesale price index rose 5.90%.601.com 70 . tracking weak global markets on 28 November 2006. Lanco Infratech closed at Rs 241. Trading for the week began on a firm note.78 points. to 13. Projects.9%. the Sensex finished with a gain of 79. a record closing high.59.2% in the July-September quarter from a year earlier. The company's paid-up equity capital is Rs 181.30. a record closing.64 points.70 that day. The Sensex plunged 171.78. Mutual funds were net sellers for the first four days of the week. a marginal premium compared to the IPO price of Rs 240. the Sensex jumped 70. at 13. The BSE Sensex advanced 141.75 points (1. Thesis. and will be listed separately at a later date. compared to the IPO price of Rs 300 per share.31. compared to the last trading price of Rs 336.773. whereby its offshore services division has been demerged into a separate company.03%) during the week ended 1 December. The domestic economy grew by 9.40 on BSE. data released earlier today showed. data showed on Friday 2nd week ended on 8th December 2006 The market kept its rally intact as investors continued to mop-up shares at higher levels.95.65.616. to settle at 3. amid a mixed trend in its constituents. while FIIs purchased shares worth Rs 265. The BSE Sensex rose marginally by 14.696. The S&P CNX Nifty rose 46.58 points. On 30 November. to 13. The scrip was relisted after giving effect to a restructuring scheme.73 on 29 November.26 points. Dissertation – projectsparadise.48 crore. an all-time closing high. Its public issue was oversubscribed nearly 12 times. On 27 November. to 13. On 30 November 2006. The annual growth rate in the second quarter of the 2006/07 financial year was higher than the April-June rate of 8. higher than the previous week's annual rise of 5. partly on steady-to-firm Asian markets and partly due to short covering in the derivatives segment. and settled at Rs 222. to Rs 262.Uploaded for projectsparadise.60. higher than market expectations of 8.997.45% in the 12 months to 18 November. On Monday (27 November).70 of 7 November 2006.29% due to a rise in mineral and manufactured product prices.18%). to 13.60 crore.844. Parsvnath Developers settled at Rs 526.com GE Shipping re-listed on 27 November at Rs 264.45 points (1.40 crore during the same period.

Oil & refinery stocks slipped after the government announced a cut in retail prices of diesel and petrol by Re 1 and Rs 2.45% to Rs 952.47 points to 13. the umbrella company of the newly amalgamated generation.com 71 . Total revenue rose 16.5% to Rs 1. a group company. Torrent Power SEC (TPSL) and Torrent Power Generation (TPGL). the car major reported selling 55. respectively. coupled with robust GDP figures.112. even as company denied rumours of a bonus issue and stock-split.05.10. Indian Oil Corporation (down 11.844.10% to Rs 445.50).033 vehicles in November. Ranbaxy Laboratories rose 0.7%. The company said domestic sales rose an annual 20.459 units.1% rise from a year earlier.com Sensex jumped 148. TCS signed a 7-year deal worth $65 million for reorganising Somerfield's IT services.67 crore). a global infrastructure services provider. Three companies. Thesis.183. Dissertation – projectsparadise. settled at Rs 70.49% to Rs 1.10% to Rs 385. but exports fell 35. the fifth largest generics company in South Africa.30% to Rs 289. Tata Power rose 1.7% to 2. In early-trade on Friday. Projects.32% to Rs 598. for $70 million. to 52. transmission and distribution businesses of the Torrent Group. from Rs 1. Hindustan Petroleum Corporation (down 7.60.78 on Friday (1 December).85% to Rs 1. Software major TCS rose 2. Godfrey Phillips surged 42.60. to Rs 202.574.70 on BSE after listing at Rs 60 on BSE. Punj Lloyd jumped 15. Torrent Power AEC (TPAL). The order is from PTT Polyethylene Company (PTT PE). small-format food retailer. has bagged the order through Simon Carves. Car major Maruti Udyog added 4.279.15% to Rs 342) declined.449.46% to Rs 1. On 28 November 2006. a 16. were merged into TPL giving shape to a scheme of arrangement.75) and Bharat Petroleum Corporation (down 9. Punj Lloyd Group.17 crore. leading to a further fall in these stocks.Uploaded for projectsparadise. The company on Friday announced the acquisition of Be-Tabs Pharmaceuticals. on Wednesday. UK.32 crore (Rs 125. Torrent Power (TPL). The company reported 61% growth in net profit for Q2 September 2006. a record closing following a smooth rollover of November contracts and the sunsequent build up for December series.30.21 crore. Somerfield is a leading UK-based.097. a wholly-owned subsidiary of PTT Chemical Company. jointly with its partner Toyo Thai Corporation. Also crude oil prices moved near $62 per barrel.

5% hike in cash reserve ratio (CRR). Projects.90%.70 that day.29% due to a rise in mineral and manufactured product prices. whereby its offshore services division has been demerged into a separate company. Parsvnath Developers settled at Rs 526. which raised fears of economic slowdown. Lanco Infratech closed at Rs 241. while FIIs purchased shares worth Rs 265.70 of 7 November 2006. On 12 December 2006.614.06 points.40 on BSE. The domestic economy grew by 9. India's wholesale price index rose 5. Dissertation – projectsparadise.888. Thesis.52. and will be listed separately at a later date.40 crore during the same period. the BSE Sensex registered a mammoth 404. data released earlier today showed. and settled at Rs 222.com GE Shipping re-listed on 27 November at Rs 264. The Sensex lost 184. while the NSE Nifty lost 63.45% in the 12 months to 18 November. (15 December) on profit-booking.9%.60 crore.43. after market hours on Friday (8 December).com 72 . after the RBI came out with a surprise 0. (15 December) to 13. to settle at 13. to settle at 3.30. to Rs 262.2% growth in industrial production in October 2006.995. 3rd week ended on 15th December 2006 The BSE Sensex snapped its winning streak.41 point loss.48 crore.2% in the July-September quarter from a year earlier. higher than market expectations of 8. data showed on Friday.65. The Sensex started the week with a sharp plunge of 400. The company's paid-up equity capital is Rs 181. compared to the last trading price of Rs 336. to settle at 12. The scrip was relisted after giving effect to a restructuring scheme. Mutual funds were net sellers for the first four days of the week.05 as selling continued following data showing lower-than-expected 6. a marginal premium compared to the IPO price of Rs 240.90 points.97 points for the week ended Friday.65. On 27 November. Its public issue was oversubscribed nearly 12 times. On 30 November.399. compared to the IPO price of Rs 300 per share.Uploaded for projectsparadise. posting a loss for the week ended Friday. higher than the previous week's annual rise of 5. on 11 December 2006. The annual growth rate in the second quarter of the 2006/07 financial year was higher than the April-June rate of 8.

on bargain-hunting after a steep fall and on short covering later in the day.27% to Rs 460.33% to Rs 1. with the Sensex gaining 305. and a decline in inflation. from the earlier 455 pence per share.55. to trump Companhia Siderurgica Nacional's (CSN) offer of 515 pence per share.36 points. ONGC lost 3. it was considering its position on Corus.58% to Rs 466.82 to 13.39% to Rs 812.181.16 on 14 December 2006.252.261. The market continued to recover due to strong buying in index pivotals. CLSA. Tata Steel had also hiked its offer for Corus to 500 pence per share. The Standing Committee on Finance has endorsed the proposed legislative amendment to reduce State Bank of India’s shareholding in its subsidiary banks from current 55% to 51%.614. Tata Steel's Thai subsidiary. The hike in lending rates will help protect margins.22% to Rs 1. after it announced an increase of 0.05. Reacting to the CSN bid. The Sensex jumped 127. There are media reports that the company will invest Rs 450 crore for setting up an iron ore smelting plant in Thailand. Reliance Communications gained 4. raising the price to over $10 billion. to settle at 13. while issuing an outperform rating on the scrip with a 12-month price target of Rs 1. too.34.487. is close to signing an agreement for an oil block in Turkmenistan. Tata Steel said Monday. a brokerage.Uploaded for projectsparadise. The iron ore smelter unit will be part of Millennium Steel.265.com The BSE Sensex jumped 186.32 points on 13 December. Tata Steel lost 5.com 73 . State Bank of India (SBI) declined 7. recently stated that RIL's scrip performance over the next year will hinge on news flow. Brazil’s CSN had announced a higher bid at 515 pence per share for Corus.10% to Rs 868. RIL has reportedly paid Rs 444 crore towards the third installment of advance tax due 15 December 2006. Dissertation – projectsparadise.52 on 15 December on the back of firm global markets. Thesis. Another report that ONGC’s overseas investment arm proposes to undertake joint exploration and production activities in Iraq with Reliance Industries (RIL). aided the recovery Projects. Reliance Industries (RIL) lost 1. for buying the India operations of Hutchison Telecommunications International in a deal worth more than $14 billion. on media reports that it is in talks with three US private equity groups. on reports that its joint venture with Mittal group.5% in its Benchmark Advance Rate (I-BAR) and its Floating Reference Rate (FRR) for consumer loans (including home loans) with effect from 18 December 2006. ICICI Bank slipped 0. to settle at 13. Media speculates that Tata Steel may raise its bid to 550 pence per Corus share.

33% to Rs 56. ONGC Mittal Energy (OMEL). Budget airline SpiceJet advanced 6.000 tonnes. The deal is likely to be completed during the current fiscal. as worries about inflation continued to overshadow concerns about the slowing economy. The RBI move fuelled expectations of rise in lending and deposit rates by Indian banks. the software and services arm of construction major Larsen & Toubro. India's industrial production rose 6. by the end of this week. rose 6. lower-than-expected manufacturing output being the prime culprit for the slowdown. and will increase its fibre production capacity by almost 4. Also L&T Infotech. lower than the previous week's annual rise of 5.400 crore contract from GMR Infrastructure. or early next week. the RBI hiked cash reserve ratio (CRR) by 50 basis points after trading hours on Friday (8 December). the US Federal Reserve kept interest rates unchanged on Tuesday (12 December) for the fourth straight time. The deal could help the firm to get a foothold in the global viscose staple-fibre market.454. Manufacturing production. Sinopec.30% helped by a decline in food and energy prices.com after a steep decline in the past four days. At its final meeting of 2006.15% to Rs 2. India's wholesale price index rose 5. after announcing that the company won two major contracts of an aggregate value of $ 86 million from a leading Chinese petrochemical company. data showed on Friday (15 December). an electronics design services firm. Dissertation – projectsparadise.2% in October from a year earlier.com 74 .741. Thesis.0% in October from a year earlier. the joint venture between ONGC and Mittal group. It had also bagged a massive Rs 5.4% reported earlier. reports add. which was well below market expectations.39% to Rs 1. is eyeing opportunities in Kazakhstan. signed an agreement to acquire US-based GDA Technologies. In a surprise move. Larsen & Toubro (L&T) rose 0.Uploaded for projectsparadise. Azerbaijan and Indonesia. Output growth for September remained unchanged at an annual 11. Meanwhile. Fed Projects. Diversified firm Grasim lost 0.53.0% annual growth in September.25. The company is reportedly said to be buying a stake in Austrian cellulose-fibre maker Lenzing AG. to design and construct the terminal and run-way at New Delhi airport. which represents more than 75% of industrial output. They are likely to take a final view on raising interest rates on loans as well as deposits. compared with 12.16% in the 12 months to 2 December 2006. after Tata group on Monday said it had picked up `less than 10% stake' as a purely financial investment.

25%. Unconfirmed reports suggested that the company had acquired Orient Craft.471. as buying resumed. The BSE Sensex plunged 349.731.88 points. when the Fed raised rates for the 17th consecutive time in a two-year effort to combat rising inflation.80 points to 13.74. to 13. reports said. to 13.102 crore. 4th week ended on 15th December 2006 The market continued its journey downward. there were reports that RIL is talking with the Russian government for permission to invest in a refinery and petrochemical industry there. The S&P CNX Nifty slipped 17. posting losses for the third straight week.2% stake.57 points. on strong buying in index pivotal.65 points. Thesis.340. especially for index heavyweight Reliance Industries (RIL).15. The BSE Sensex settled with a gain of 44.86.7% to Rs 869. compared to Rs 848 crore paid in the same period last year. on 18 December. as buying picked up in the fag end of the trading session. The 30-shares BSE Sensex gained 116. to 13. It has paid an advance tax of Rs 444 crore for the third installment. taking its total remittance to Rs 1. has been at that level since June.01. at 13.Uploaded for projectsparadise. the BSE index gained 86.5% to Rs 1. Also. Reliance Industries (RIL) advanced 1.There were reports of huge gas finds in the Bay of Bengal.384. The Sensex lost 41.10. Projects.05%) for the week ended Friday (22 December) at 13.78 points (1. a leading garment exporter. initial estimates suggesting reserves of about 21 trillion cubic feet. to 3.382. amid high volatility following a sell-off across Asian emerging markets. The barometer index lost 142.com 75 . Dissertation – projectsparadise. sparked by a 10% penalty imposed on foreign funds moving out Thailand within a year.272. PSU oil exploration major ONGC advanced 5.50 points (0.471. by its central bank.871. On 22 December 2006.21 on 20 December following a mixed trend in index pivotal.09.08-point on 19 December 2006.74. the interest that banks charge each other.13% to Rs. after the Cabinet Committee on Economic Affairs (CCEA) approved the sale of the government's residual 10. The funds rate.com left its target for federal funds at 5. Maruti Udyog rose 2. 922.5%).

This contract is expected to generate in excess of $1 billion new revenue for Tech Mahindra. The stock dipped to a low of Rs 20.111.90. Thesis. Sobha Developers’ IPO was subscribed over 100 times. The company will target metropolitan cities for these wholesale-cum-retail stores.310. Overseas settled at a slight discount. Great Offshore came into existence following a restructuring of GE Shipping. amid reports that it will expand fruit. vegetable retail as well as the wholesale business by opening 54 new outlets in select metros in the next three years. The scrip declined as it failed to secure ceratin equipment orders for the upcoming ultra mega power projects. The government's stake in Maruti is valued at Rs.500 e-Choupal kiosks in over 38.800 crore.179. It also bagged a Rs 165-crore order from IOC for setting up a power plant at the oil major's Haldia refinery in West Bengal. at Rs 60. at Rs 24. Currently.14% premium.95 on BSE.36% to Rs 1. FMCG bigwig. Jindal Drilling & Industries settled at Rs 580 on BSE. Dissertation – projectsparadise. while continuing ongoing services related to BT’s internal systems.Uploaded for projectsparadise. The intra-day low was Rs 51. and hit an intra-day high of Rs 62. Great Offshore settled at Rs 727. ITC. compared to the IPO price of Rs 23 per share on 20 December.90% to Rs 169. Its low was Rs 918. slipped 2.65. PSU engineering major Bhel lost 8% to Rs 2. The scrip debuted at Rs 1. whereby the shipping firms’ offshore services business was transferred to a separate company. The company will support BT’s planned growth of managed services to business customers around the globe.86% premium. The stock listed on BSE at 5. On 20 December 2006.35 per share.651.75 on BSE. there are 6.T. On 21 December. jumped 46. 2. compared to its IPO price of Rs 56 per share on 18 December 2006.25 on BSE and hit a high of Rs 1. Telecom software firm.10. The stock listed on BSE at 7. processes and re-usable platforms.2% stake in the company.com Japanese car giant Suzuki has a majority 54. L. on 22 December. at Rs 20. Tech Mahindra. which was also its intra-day high. Sobha Developers settled at premium at Rs 968. at Rs 55.com 76 .05. Jindal Drilling’s restructuring scheme involved the amalgamation of two group companies Projects.55. It had announced signing of a five-year deal to provide BT with strategic sourcing services. compared to its IPO price of Rs 640 per share. Ruchira Papers finished at a discount.000 villages across nine states.

which is higher than previous week's annual rise of 5.com 77 . to settle at 13. in late-trading on 29 December 2006.846.40. Meanwhile.60 points on 26 December 2006.34. The annual inflation rate was 4. Infosys Technologies rose 3. after completion of trading. Dissertation – projectsparadise.27% to Rs 2. while the S&P CNX Nifty rose 95. The BSE Sensex advanced 315. on strong buying in IT scrips anticipating robust December quarter results.786.708. after it scheduled a board meeting on 11 January 2007. The Sensex declined 59.43 points to 13.786. Thesis.966.25 to settle at 3. after a sharp fall on the back of a surprise hike in CRR announced on 8 December 2006.17 points for the week ended Friday (29 December 2006) to 13.32% in the 12 months to 9 December.69.243. the BSE Sensex slipped 13.16% due to an increase in food prices. data released on Friday showed. to consider Q3 December 2006 results. as buying for index pivotals resumed. apart from Projects. which will come into force from April 2007. The Sensex gained a further 151.com Newsco Newtech and Discovery Hydrocarbons with the company.91. Reports speculate big deals are likely to materialise in a couple of months. The market was closed on 25 December 2006 on account of Christmas.Uploaded for projectsparadise. 5th week ended on 29th December 2006 The market rallied during the week.91. under selling pressure.35 points to end at 13. In terms of the new guidelines. It is also believed to be in talks with ten global banks for its banking software – Finacle. India's wholesale price index rose 5.34. The company foresees big opportunity in the software replacement market in the US and Europe. On 28 December 2006. amid volatility at the close.35 points to 13. on 27 December 2006. on account of short-covering ahead of the December futures contracts expiry (28 December 2006).39% during the corresponding week of the previous year.859. The Sensex surged 236. It also involved demerger of Jindal Drilling’s Casinvest division into Haryana Engineering. RBI on 15 December came out with new capital market exposure norms for banks. the exposure of a bank to the capital market cannot exceed 40% of its net worth as on 31 March of the previous year. due to expiry of December 2006 derivatives contracts.

com 78 . The private sector oil refiner is said to be negotiating with GMDC. compared to the issue price of Rs 150 per share.75. saying it will remain within a conservative limit.000 crore for gassification of lignite in south Gujarat. at Rs 136.Uploaded for projectsparadise. The stock listed at Rs 260 on BSE.245.5% with immediate effect. RCL plans to invest $1. Indiabulls Financial Services surged 12. Ess Dee Aluminium settled at a premium.43% to Rs 1. It executed a 50 bps hike in prime lending rate to 11.87% to Rs 811. The tie-up is aimed at expanding the trade of food and other agricultural products between India and Japan. after it received final approval from the U. for the demerger. now under Indiabulls Real Estate (IREL). ITC jumped 4. Inc. XL Telecom settled at a discount.35.10. Ambani said there was no certainty on the timing of a bid and declined to say how much the firm will offer. compared to its IPO price of Rs 225 per share. a Japanese trading house.48% to Rs 470. on 28 December 2006. at Rs 177. Under the alliance. The company announced 9 January 2007 as a record date for its demerged real estate business. Food and Drug Administration for cholesterol-lowering simvastatin tablets. On 28 December 2006. and scouting for lignite reserves in south Gujarat. Simvastatin is the generic equivalent of Merck & Co.35. The project will be a joint venture between (RIL) and Gujarat Mineral Development Corporation (GMDC). at Rs 238.'s blockbuster drug Zocor.com plans to enter the Latin American market. Marubeni said in a statement. Dissertation – projectsparadise. Reliance Communications (RCL) rose 0.06% premium.60. State Bank of India rose 2.5 billion to expand capacity of its Flag Telecom submarine cable network.270. Chairman Anil Ambani also told a news conference the company had received commitments from global bankers for financial support for any potential bid. It is examining the opportunity in mobile operator Hutchison Essar and a potential combination could create compelling value for all shareholders. The stock will stay in the no-delivery period on BSE from 2 January 2007 to 8 January 2007. It is reportedly planning an investment of Rs 5.82% to Rs 652. both companies will consider joint exports of Indian-made soyabean cake and maize grains for livestock feed. Meanwhile. The company announces its Q3 December 2006 results on 11 January 2007.S.87% to Rs 176. Projects.47% to Rs 1. after the FMCG major said it had struck an agro- alliance with Marubeni Corp. Reliance Industries (RIL) gained 0. Dr Reddy’s Lab gained 0. The stock listed at 18. Thesis.

The S&P CNX Nifty gained 39.000 mark on July 25. the 3. the 2.01% higher. Banking. That marked its highest close since early-May. The benchmark ended 2005 at 16. and dipped to a low of Rs 40 for the day.com 79 . Projects. paving the way for New York Stock Exchange (NYSE) to expand into Asia's best performer. The Reserve Bank of India also said that foreigners could hold up to 49% in depositories and clearing corporations.Uploaded for projectsparadise. IT and cement shares hogged the limelight in 2006. Dissertation – projectsparadise.83. It had struck an all-time high of 14.7% to settle at 13. on 29 December 2006. data showed on Friday (29 December).111. 1992. which a less than 200 points off its all-time closing high of 13. at 17. higher than the previous week's annual rise of 5. said portfolio investments will be allowed only through the secondary market. Thesis. The wholesale price index rose 5.43% in 12 months to 16 December. the central bank said. The Nikkei 225 index finished just 0. Media reports indicate the New York Stock Exchange is eager to pick up a stake in BSE. Under the new rules. The market has ended calendar 2006 on a strong note. The stock debuted at Rs 40 on BSE and hit a high of Rs 135. Nissan Copper settled at a sharp 230.000 mark on March 30.30 on 6 December 2006. It. with the Sensex gaining 46.035. the 4.com On 29 December 2006.80 on BSE on high total volumes of 6. The annual inflation rate was 4.225. telecom. however.43. 5.03 of 7 December 2006.32% due to an increase in manufactured product prices.000 mark on February 29.786.972. 1992.0 SENSEX MILSESTONES The Sensex crossed the 1. The market settled with gains for the fifth straight year. The stock exchange also plans to list shares on its own trading floor. while foreign portfolio investments will be capped at 23% in all such entities. The Reserve Bank of India permitted foreign investment up to 49% in stock exchanges. 1990. The shares were issued at Rs 39 per share in the recently concluded IPO.8% for the calendar year 2006. foreign direct investment will be limited at 26%.62% during the corresponding week of the previous year.25% premium at Rs 128.91. 1992.11 crore shares.70.000 mark on January 15.

On June 20.020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh. the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL. 2004.000 mark on December 09. the 9. 1999 . the infotech boom helped the Sensex to cross the 6. October 11. the Sensex crossed the 4. the 6.000 mark on January 2.On September 8. 2005.000 mark on February 7.000-mark and closed at 2. the Sensex touched the four-digit figure for the first time and closed at 1. 7000. 1992 . Reliance Energy. 2005. 1999. 6000. 2005 . the 7. September 8.001 in the wake of a good monsoon and excellent corporate results.000 on March 27. the Sensex crossed the 5. 2006.000-mark and hit and all time high of 6.091 on the expectations of a liberal export-import policy. Dr Manmohan Singh. the 8.000-mark and closed at 4. 1992. the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister. February 11.com the 5.000 mark to the 12. 1992. January 15. and finally the historic 10. March 30. Thesis. 2005 . Projects. June 21. 1000. 3000.000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election. surpassing the just set record of 29 days that it took to reach 11.Uploaded for projectsparadise. 2005.000 mark only took 19 working days.On February 11.crossed the 8000 level following brisk buying by foreign and domestic funds in early trading. 8000.the Sensex -. the Bombay Stock Exchange's benchmark 30-share index -. This helped the Sensex crossed 7. 2005. 2000.On March 30. To reach from the 11. 1990. 2000 .On October 8.000 mark on June 21.com 80 . Dissertation – projectsparadise. Reliance Capital and IPCL made huge gains.006. 1999.000 points for the first time.On July 25. the shortest time interval for a 1000 points climb in BSE Sensex history.000 mark on September 8.000 from 10.On February 29. 2000. 5000. 1990 . the Sensex crossed the 2. 2006. The Sensex closed at a high of 12. 4000. Here is a timeline on the rise and rise of the Sensex through Indian stock market history. July 25. February 29. 1992.903 on 28 Oct 2006. 1992 . 1992 .On January 15. It created another landmark when it touched 11.000 mark on October 11.000. 2005. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.

2005 .18 with an intra-day high of 12. 2006 that the Sensex first closed at over 11.039.The Sensex on November 28. It took 135 days to reach 13.000 from 12. 14. February 7.58AM(IST) while opening for the day December 5. 2006. The Sensex eventually recovered from the volatility.000 points. 13. made an unscheduled press statement when trading was suspended to assure investors that nothing was wrong with the fundamentals of the economy. April 20.com 9000.Uploaded for projectsparadise. and on October 16.500.The Sensex on December 5. and advised retail investors to stay invested.com 81 . 2006 . P. 2006 crossed 12.000 and touched a life-time peak of 11. the Sensex managed to move up 700 points. 11. When trading resumed after the reassurances of the Reserve Bank of India and the Securities and Exchange Board of India.024. 2006 .001 points during mid-session at the Bombay Stock Exchange for the first time.928. Chidambaram.000. The volatility of the Sensex had caused investors to lose Rs 6 lakh crore ($131 billion) within seven trading sessions.000.004 points during mid-session at the Bombay Stock Exchange for the first time.The Sensex on February 6. Dissertation – projectsparadise.953.36 & closed at 13. 2006 crossed 11.000 and touched a life-time peak of 14028 at 9.000.000. 2006. it was on March 27.000 and touched a life-time peak of 12. 2005 crossed 9000 to touch 9000. March 27. The Finance Minister of India. The Sensex finally closed above the 10K-mark on February 7. 2006 . This is the largest ever intra-day crash (in points terms) in the history of the Sensex.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors. the Sensex closed at an all-time high of 12. December 5. still 450 points in the red.The Sensex on April 20. December 09.The Sensex on March 21. 2006 .000 from 12.000. the Sensex plunged by a whopping 1100 points during intra-day trading. Thesis. 12. 2006 crossed 14.000 and still riding high at the Bombay Stock Exchange for the first time.26.003 points during mid-session.76.The Sensex on October 30. leading to the suspension of trading for the first time since May 17. And 124 days to reach 13. However. 2006. 2006 touched 10. 2006. On 30th October 2006 it touched a peak of 13. On May 22. October 30.000. 2004. Projects. 10. 2006 . 2006 crossed 13.

com 82 .com This was a result of increased confidence in the economy and reports that India's manufacturing sector grew by 11. Dissertation – projectsparadise.0 FINDINGS Projects.Uploaded for projectsparadise.1% in August 2006. Thesis. 6.

• Crude oil price declined sharply by about $ 4 a barrel during the week following a truce in the Middle East that came into force from Monday (14 August). September 2006 • Bank shares extended their recent recovery. Dissertation – projectsparadise. • Auto shares advanced on expectations of strong sales in the current festival season. • The metal index was the worst hit in the bearish market August 2006 • FIIs invested to the tune of Rs 653.com After undertaking the indepth study of stock market and various financial markets.7 crore in the equity segment for the first four days of the week. international or multilateral agencies. • Mutual funds sold equities worth Rs. July 2006 • FMCG stocks rose following the advance of the monsoon. insurance companies. 101.Uploaded for projectsparadise. investment trusts. • Metal shares turned volatile. Thesis. reinsurance companies. on Wednesday (13 September). • Metal stocks advanced as prices firmed up on the London Metal Exchange. made amendments in the SEBI Foreign Institutional Investors (Second Amendment) Regulations 2006 to treat overseas-registered or incorporated pension funds.com 83 . • Cement shares edged higher on expectations of strong Q1 results.97 crore. mutual funds. foreign governmental agency or a foreign central bank as an FII. it was found that the several events which had most affection in fluctuation of sensex and nifty in particular month. • SEBI. Projects. tracking volatile metal prices on the London Metal Exchange.

• Oil & refinery stocks slipped after the government announced a cut in retail prices of diesel and petrol by Re 1 and Rs.5-8% estimate. • Bank rate was kept unchanged at 6% while the Cash Reserve Ratio (CRR) was kept steady at 5%. The RBI move fuelled expectations of rise in lending and deposit rates by Indian banks Projects.90%. higher than market expectations of 8. the Dow Jones Industrial finished above the 12. Dissertation – projectsparadise.Uploaded for projectsparadise. • Infosys has revised upwards its EPS and revenue growth guidance for FY 2007 (year ending 31 March 2007). Reports also add that the number of low-priced tickets available on each flight is also likely to be reduced as a cost-cutting measure December 2006 • The domestic economy grew by 9.com October 2006 • The software outfit announced Q2 September 2006 results on Wednesday (11 October 2006).5%.000 mark on Thursday. respectively.2% in the July-September quarter from a year earlier. • For the first time in history. while the Repo rate was raised by 25 basis points to 7. • The RBI hiked cash reserve ratio (CRR) by 50 basis points after trading hours Friday (8 December).com 84 . 2. November 2006 • Reserve Bank of India in its mid-term review of annual policy kept Reverse Repo rate unchanged at 6%. The central bank also raised 2006/07 economic growth forecast to "around 8%" from a previous 7. Thesis.25%. • Airliners rose on reports that they are to raise airfares between 3 .

Thesis.0 CONCLUSIONS India has been witness to a four-year up and down cycle in the stock markets. At the end it is concluded that following are Major factors. the Indian markets have peaked every fourth year and then dropped 35-45% during the next three years.com 7. Politics 9. US economic growth 2.Uploaded for projectsparadise. ƒ Declaration of any financial result and other information of the company has direct effect on its stock price.com 85 . Equity supply 7. Government policy toward foreign firms 8. Foreign direct investment (FDI) 5. What is surprising though is that the Dalal Street has bucked the trend this time around. the following hypothesis have been tested and proved positive. Domestic risk Projects. In short. Some of the major conclusions derived in the study are as under. Emerging market valuations 4. ƒ News related to any political and economical affair has also the direct effect on stock market. ƒ Any fluctuation in foreign market has more effect on Indian stock market than that of domestic market. ƒ In the given volatile economic conditions. the market is efficient to any news and information. Since 1992. which have generally contributed to fall & rise in SENSEX & NIFTY: 1. Dissertation – projectsparadise. Capital spending 6. Crude oil prices 3.

which can help to the Investors. Projects. Tax circular regarding transaction tax to FII. Indian industry growth 13. Dissertation – projectsparadise. US Fed interest rates 12. I would like to give following recommendations.0 RECOMMENDATIONS After this study. Brokers and SEBI and the policy makers in general. Budget 2006-07 and finance bill 14. Foreign institutional investors (FII) withdrawals 11.com 86 . Thesis. 8.Uploaded for projectsparadise.com 10.

com 87 . ƒ It must be remembered that Long-term investors should go for frontline stocks. SEBI should come out with new regulation in context of circuit breakers. Liquidity position 3. 3.com Investors ƒ I would suggest that Long term Investors should not invest into panic market. Projects. Brokers should not exceed their trading limit in terms of upper and lower limit. 2. 3. Brokers should separate their portfolio from High Net worth Individuals (HNI). Dissertation – projectsparadise. SEBI should issue regularly draft containing penalty details on defaulters to keep market less speculative. Brokers should not go for margin trading which results into defalcation to the investors. which led investors to erode their wealth. 2.Uploaded for projectsparadise. Dividend policy 4. Past performance of company Brokers 1. which helps to keep their income regular and steady. Thesis. SEBI 1. Brokers should go for margin trading where HNIs are major clients because of reputation working with them to some extent. Financial positions of company 2. SEBI should monitor HNI transactions in domestic as well as global market. ƒ I would also suggest that Investors should take into consideration various things before investing into scripts such as: Long term growth prospect in company 1. 4.

www. 2.com Reports and Journals 1.nseindia.moneycontrol.www.com 7.com 5.bseindia.com 12. Thesis.www. Financial express 3.yeahindia. Frontline 3.google.www.com 14.com 15.capitalmarket.com 9.www.yahoofinance. BSE journal Projects. www. www.com 88 . www.galatime.sebi.sitebysite.www. Economic times 4.www.com 9.com . www.com 8. Business world News papers 1. www.indiaseekingalpha.skicapital. www.com 4. Times of India Websites 1.org 16.0 BIBLIOGRAPHY Magazines 1.yahoofinance.com 6. www. Business week 2.wikipedia.Uploaded for projectsparadise.businessstandard. www.icicidirect.com 13.com 10.www. Dissertation – projectsparadise. Business standard 2.com 17.webindia.www. NSE journal 2.net 11.org 3.