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Indian Indices Last Close Sensex Nifty CNX Midcap CNX IT Bankex Auto Metal FMCG Global Indices Last Close Shanghai Nikkei 225 Straits Times Hang Seng DJIA S&P 500 FTSE Dollar Index Live Markets Shanghai Current Quote % Change ADR (CONVERTED TO INR) INFOSYS ICICI BANK TATA COM HDFC BANK STERLITE Volumes BSE CASH NSE CASH NSE F&O Institutional Activities (Net) 1 Day FII MF (Rs bn) (Rs bn) 3.6 1.7 2,795 1,006 355 2,597 161 2,638 0.6% Nikkei 9,036 1.2% 2,623 8,927 2,983 20,624 10,269 1,080 5,366 83 1 Day 0.6 1.2 0.5 1.3 2.5 3.0 2.7 0.1 18,206 5,472 8,783 6,086 10,880 8,838 15,430 3,425 1 Day 1.3 1.3 1.2 1.9 1.2 0.3 3.0 1.2 % Change MTD 1.3 1.3 1.2 1.9 1.2 0.3 3.0 1.2 % Change MTD 0.0 2.4 1.6 1.7 2.5 3.0 2.7 (0.8) YTD 4.2 5.2 18.2 4.6 20.5 18.9 (11.3) 22.7 YTD (19.5) (14.3) 3.5 (4.5) (1.5) (3.1) (0.9) 6.0

2 September 2010

Corporate News/Results Corner
Page No. 2 2 2 3 3 Page No.

• • • • •

Corporate News Macro Economic News International News Bulk Deals Insider Trades

• • • •

Price Shockers Event Calendar Corporate Actions Board Meetings

4 4 4 5

Statement of the day
“Our GDP growth forecast range of 8.50-8.75% for 2010-11, despite the data which showed the demand and supply figures for the economy differing by a wide margin” Pranab Mukherjee – Finance Minister of India

As on 0730 hours IST SGX Nifty 5,508 0.6% Hang Seng 20,916 1.4%

Institutional Activity Vis-à-vis Sensex Movement
(Rs Mn) 6000 4000 2000 0 -2000 -4000 -6000 -8000 25-Aug 26-Aug FII (LHS)
Source: NSE, BSE & SEBI

Prem / (Disc) in (%)

Provisional Figures for Investments

ADR CloseNSE Close

1 Day 0.7 1.1 1.4 17.3 2.8

1Mth 1.4 1.9 1.9 16.2 75.2

19000 18800 18600 18400 18200 18000 17800 17600 17400

2776 995 350 2149 157


18266.35 17998.41 18032.11 17971.12


Moving Average (Rs bn) 1 Day 5 Day 30 Day 52 134 922 49 136 184 Spot market MTD 73 (45) 50 170 31 YTD 449 (192)






Sensex (RHS)

Bond Market 10Yr Yield (G-Sec) Currency Market Last Close INR/USD INR/EURO INR/GBP Commodities Update Unit Crude Oil(NYME) $/Bbl Gold (OTC) Copper (LME) Sugar (LIFFE) Zinc (LME) Baltic Dry Index $/Oz $/MT $/MT $/MT 46.81 59.58 72.16

Historical Data (%) 1 Day 1M 1 Yr 7.94 1day 0.6 0.4 0.1 7.95 % Change MTD 0.6 0.1 0.1 % Change MTD 2.7 (0.1) 2.2 2.1 0.4 3.3 2.7 7.59 YTD (0.6) 11.8 4.3

BSE Advance/Decline

2,000 2.9 1,600 Number of Shares 1,200 800 0.8 400 0 25-Aug 26-Aug 27-Aug 30-Aug 31-Aug 1-Sep 0.4 0.4 0.8 0.5

3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0

Close 74 1,247 7,593 2,085 581 2,133 2,741

1 Day (0.0) 0.2 2.2 2.1 0.4 3.3 1.0

YTD (6.9) 13.6 3.4 (5.1) (0.2) (16.7) (0.9)

Aluminum (LME) $/MT

Advance (LHS)

Decline (LHS)

Adv/Decl Ratio (RHS)

Source: Bloomberg, NSE, BSE & SEBI

Source: BSE

Page 1

Corporate News/Results Corner
Robust auto sales for August (positive) Auto sales continues to robust with TVS Motors and Maruti Suzuki recording highest ever sales for the month of August. Maruti Suzuki sales were at 1.04 lakhs units while TVS Motors sales were at 1.67 lakh units. Hero Honda also reported 2% growth in total sales volue to 4.27 lakh units. Tata Motors reported 32% YoY growth however MoM its sales were down from ~ 67,000 units to 65938 units. M&M's auto sales were at 28,903 units recording growth of 29% YoY for the month while tractor's sales grew 29% 13,435 units. We believe the momentum to continue with start of festive season from this month. RBI clears airline debt recast plan (positive) The Reserve Bank of India (RBI) has given its go-ahead to State Bank of India (SBI) to restructure the ballooning debt of the airline industry. The top three carriers, which collectively control 65% of domestic passenger traffic, have combined debt of Rs633bn and SBICaps is working on the terms of loan restructuring. TCS arm wins €250mn UK contracts (positive) TCS’s UK subsidiary Diligenta has won two life and pension contracts, totaling £250mn in revenue in the UK. Nalco open to equity dilution in $3.9bn project in Indonesia Nalco is considering selling stake in its $3.9bn aluminium project in Indonesia in lieu of acquiring equity in coal mines in the island country. Ranbaxy sets up second manufacturing unit in S. Africa Ranbaxy Laboratories Ltd has set up a new manufacturing facility in South Africa with an investment of $30 mn.The new facility will manufacture analgesics, cold, cough and flu preparations, anti-histamines, anti-hypertensive, CNS drugs, vitamins and minerals. 7 telecom companies get 3G spectrum (positive) Spectrum was allotted to the seven winners — Bharti Airtel, Reliance Communications, Idea Cellular, Vodafone Essar, Aircel, STel and Tata Teleservices Reliance Broadcast to raise Rs 4bn via stake sale Reliance Broadcast Network announced that its board has approved raising over Rs4bn by selling equity shares to its founder and other investors. India sugar output may jump next year on higher planting, rains Sugar output in India may surge by at least 38 percent next year after higher prices boosted planting and as rains improve yields. Production may total 26mn metric tons in the year and with higher estimates, it might go upto 29mn metric tons in the year. Super Religare Laboratories plans IPO in 2011 Fortis Healthcare plans to launch an initial public offer (IPO) for its diagnostics business unit, Super Religare Laboratories (SRL), in the next calendar year (2011).

Macro Economic and Other News
Merchandise exports rose at their slowest pace in July During the month, exports grew by 13.2% to $16.24 billion, compared to $13.62 billion in the month last year. During the month, imports jumped by 34.3% to $29.17 billion, compared to $19.62 in the month last year, resulting in a trade deficit of $13 billion — the highest in the last 22 months. Trade deficit in the first four months of the financial year reached $43.6 billion. Fiscal deficit fell 42% to Rs 91,000 cr in April-July The Centre’s fiscal deficit fell 42% to Rs 90.91 bn in AprilJuly, compared to the period last year, on high revenue receipts from the auction of 3G spectrum. The deficit represents 23.8% of the estimate for the current financial year. Factory output shows signs of moderation Indian manufacturing growth is showing signs of moderation, despite being at robust levels. The seasonally adjusted HSBC Purchasing Manager’s Index (PMI) showed a marginal decline to 57.2 in August, from 57.6 in July.

International News
US ISM expands faster than estimates The Institute for Supply Management Index, a gauge of manufacturing activity came in at 56.3 for the month of August vs consensus estimates of 52.8, compared to a previous month number of 55.5. This helped the indices bounce back globally leading to a modest rally. US total vehicle sales comes in tad lower than estimates The US total vehicles sales came in at 11.46 million vs analyst estimates of 11.50 million. The domestic vehicle sales came in at 8.66 million vs analyst estimates of 8.85 million.

Source: Economic Times, Business Line, Business Standard, Times of India, DNA Money, Mint, Financial Express, Bloomberg

Page 2

Bulk Deal
Company Andhra Pradesh Paper Atlas Cycles (Haryana) Lt Atlas Cycles (Haryana) Lt EIH Associated Hotels EIH Associated Hotels EIH Associated Hotels Hanung Toys and Textiles ITI Ltd. ITI Ltd. ITI Ltd. Jindal Photo Limited Jindal Poly Films Limited Acquirer KBS Realtors Private Limited CNB Finwiz Private Limited Crosseas capital services pvt. Ltd. Crosseas capital services pvt. Ltd. Genuine Stock Brokers Pvt Ltd OM Investments Crosseas capital services pvt. Ltd. Naman securities & finance pvt. Ltd SVS securities pvt. Ltd. Transglobal securities ltd. Crosseas capital services pvt. Ltd. Crosseas capital services pvt. Ltd. Qty Price Seller Qty Price


223.9 CNB Finwiz Private Limited Crosseas capital services pvt. 21,553 242.67 Ltd. Crosseas capital services pvt. 24,772 242.01 Ltd.

21,553 24,772 1,92,462 1,51,068 1,66,767 1,48,832 1,07,919 81,653 1,39,087 68,290 1,53,462 21,553

243.16 242.99 204.27 202.11 201.12 304.43 46.08 45.94 45.7 277.07 906.2 243.16

1,92,462 203.16 Genuine Stock Brokers Pvt Ltd 1,51,068 201.83 OM Investments
Crosseas capital services pvt. 1,66,767 200.89 Ltd. Naman securities & finance 1,48,832 303.86 pvt. Ltd

1,06,919 1,31,653

46.07 SVS securities pvt. Ltd.

46.07 Transglobal securities ltd. Crosseas capital services pvt. 1,39,087 45.65 Ltd. Crosseas capital services pvt. 68,290 277.34 Ltd.

N.A. = Not Available Source: BSE & NSE

1,53,462 905.59 CNB Finwiz Private Limited

Insiders Trades
Company Emami Infrastructure Ltd HCL Technologies Ltd HCL Technologies Ltd HDFC Bank Ltd HDFC Bank Ltd HDFC Bank Ltd HDFC Bank Ltd HDFC Bank Ltd HDFC Bank Ltd HDFC Bank Ltd HDFC Bank Ltd HDFC Bank Ltd Uflex Ltd Source: BSE NSE & Capitaline Acquirer/Seller Emami Capital Markets Ltd Ajai Chowdhry Ajay Chowdhry Arup Rakshit Arup Rakshit Harish Engineer Harish Engineer Mandeep Maitra Mandeep Maitra N S Kishore Kumar N S Kishore Kumar Navin Puri R P Agarwal Bought/Sold S S S B B B B B B B B B S Qty 12000 100000 30000 2000 2000 50000 50000 37500 37500 4500 4500 3000 24200

Note: The above insiders Trades might include ESOPs conversion.

Page 3

Price Shockers
Gainers Company Birla Erric Viindya Tele GALLANTT Kesar Enterprises Hind Copper Clutch Auto UB Holdings FDC
Source: Capitaline

Close Price (Rs)
19.35 293.65 39.9 67.8 465.6 73.4 320.05 111.1 416

Change Price (Rs)
3.25 48.95 6.65 11.3 68.9 10.85 41.05 12.8 47.5

Change Price (%)
20.19 20 20 20 17.37 17.35 14.71 13.02 12.89

Losers Company Cranes Software Paras Petro Northgate AXIS IT&T India Foils APLAB Sharyans Resources Keynote Corporate Services Peacock Industries

Close Price (Rs)
7.35 0.65 20 79.5 6.05 38.55 85 65.55 2.85

Change Price (Rs)
-1.6 -0.05 -1.3 -4.8 -0.35 -2.15 -4.6 -3.45 -0.15

Change Price (%)
-17.88 -7.14 -6.1 -5.69 -5.47 -5.28 -5.13 -5 -5

STC India

Event Calendar
• • • • • • • • • • • • Sep 01: India Exports and Imports for July Sep 01: India Markit Mfg PMI for Aug Sep 01: China PMI Mfg for Aug (Actual 51.7 Prior 51.2) Sep 01: Japan Vehicle Sales for Aug Sep 01: UK PMI Mfg for Aug (Expectation 52.9 Prior 53.1) Sep 01: US ABC Consumer Confidence for Aug 29 Sep 02: Singapore PMI for Aug (Expectation 51.3 Prior 52.2) Sep 02: US Vehicle Sales for Aug (Actual 11.46m Prior 11.85m) Sep 02: US Initial Jobless Claims for Aug 28 (Expectation 475k Prior 473k) Sep 02: US Continuing Claims for Aug 21 (Expectation 4450k Prior 4456k) Sep 02: US ICSC Chain Store Sales for Aug Sep 02: US Pending Home Sales for July (Expectation -1.0% Prior -2.6%)

Source: Bloomberg

Corporate Actions
Ex Date Company
2-Sep 2-Sep 2-Sep 2-Sep 2-Sep 2-Sep 2-Sep Apollo Hospitals Enterprise Ltd Cera Sanitaryware Ltd BSL Ltd Gujarat Narmada Valley Fertilizer Company Ltd Indo Asian Fusegear Ltd State Bank of Mysore Alpa Laboratories Ltd

Face Value Split From Rs.10/- To Rs.5/Bonus 1:1 AGM And Dividend Re.0.75 Per Share Dividend-Rs.3.25 Per Share AGM Rights 3:10 @ Premium Rs.530/- Per Share AGM 1st Interim Dividend Rs.2.50 Per Share And Face Value Split From Rs.10/- To Re.1/(Purpose Revised) AGM And Dividend Re.0.50 Per Share Annual Book Closure AGM And Dividend Rs.1.25 Per Share

Ex Date Company
2-Sep 2-Sep 2-Sep 2-Sep 2-Sep 2-Sep 2-Sep Globus Spirits Ltd GAIL (India) Ltd The Federal Bank Ltd Godfrey Phillips India Ltd Soma Textiles & Industries Ltd Excel Infoways Ltd Tourism Finance Corpn of India Ltd Crew B.O.S. Products Ltd Unitech Ltd Vakrangee Softwares Ltd

AGM And Dividend Re.1/Per Share AGM And Final Dividend Rs.5.50 Per Share (Bc Start Date Revised) AGM And Dividend Rs.5/Per Share AGM And Dividend Rs.25/Per Share AGM AGMA nd Dividend Re.1/Per Share AGM And Dividend Rs.1.20 Per Share AGM AGM And Dividend Re.0.20 Per Shar AGM And Dividend Rs.1.50 Per Share


KCP Ltd Sunflag Iron And Steel Company Ltd Nandan Exim Ltd Jindal Drilling And Industries Ltd


2-Sep 2-Sep 2-Sep
Source: NSE

2-Sep 2-Sep

Page 4

Board Meetings
2-Sep 2-Sep 2-Sep

Prithvi Information Solutions Limited Murli Industries Limited Parenteral Drugs (India) Limited

Results Dividend Date
2-Sep 2-Sep 2-Sep


Results Dividend

Source: NSE

Page 5

Advisory Group Karun Mutha SVP & Head - Equity & Derivatives Advisory Tel +91-22-67897833 Email: Fundamental Team Supriya Madye Jignesh Shial Hitesh Punjabi Prerna Jhunjhunwala Chetan Thacker Priyanka Rai Quantitative Team Tina Khetan Akshay Bhagwat Nikunj Shah Technical Team Mukesh Singh Rahul Randeria A.SenthilRaj Advisory Support Tony Nawani Ashutosh Desai Vinod Hassija Manager Assistant Manager Assistant Manager 022 67897825 022 67897826 022 67897827 Vice President- Technical Analyst Technical Analyst Technical Analyst 022 67897816 022 67897817 022 39673998 Derivative Analyst Derivative Analyst Derivative Analyst 022 67897828 022 67897830 022 67897827 Designation/Sectors covered AVP Analyst–Auto Cement Infra Analyst–Banking Real Estate Analyst–IT Pharma Analyst–Retail FMCG Capital Goods Associate Analyst–Metal Mining Agri Assistant Manager (Production)

022 39673815 022 39673818 022 39673820 022 39673823 022 39673822 022 39673821 022 39673852

Deepan Sankaranarayanan Analyst–Media Logistics

Page 6

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The views and opinions expressed by the author in the document are his own and do not reflect the views of HSBC InvestDirect Securities (India) Limited or any of its associate and group companies.

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