INDIAN MARKET 22-Mar 21-Mar % Change COMMENTARYBSE Sensex 17,988 17,839 0.84

NSE Nifty 5,414 5,365 0.91

BSE Midcap 6,544 6,492 0.79

BSE Smallcap 7,818 7,775 0.54

Nifty Junior 10,659 10,578 0.77

CNX Midcap 7,645 7,583 0.82

GLOBAL MARKETS 22-Mar 21-Mar % Change

Dow Jones Ind (USA) 12,018 12,037 (0.15)

Nasdaq Composite(USA) 2,684 2,692 (0.30)

S&P 500 (USA) 1,294 1,298 (0.34)

FTSE 100 (UK) 5,763 5,786 (0.40)

DAX (Germany) 6,781 6,816 (0.51)

Nikkei 225 (Tokyo) 9,608 9,207 4.36

Hang Seng (Hong Kong) 22,858 22,685 0.76

Shanghai Comp (China) 2,919 2,910 0.32

KOSPI (South Korea) 2,014 2,003 0.51

STI (Singapore) 3,003 2,984 0.64

MSCI Emerging Market 425 422 0.71

MSCI Frontier Market 560 558 0.36

BOND MARKETS 22-Mar 21-Mar Change CORPORATE/ ECONOMY NEWS

Volume: 1 | Issue: 389| November 1, 2010

INDIA

Indian equity benchmarks bounced back on Tuesday, with surging 149 points on the Sensex led by globalsupport and some short covering after fell in previous three sessions on rate hike fears, Middle East tensionsand likely drop in RIL gas production. However, it slipped a bit from day's high as there were reports thatLibyan Leader Gaddafi's forces attacked Libyan town of Zintan using heavy weapons. The 50-share NSENifty gained 49 points, to close at 5,414, added support by oil &gas, infrastructure, auto, realty, metal, telecom and select financial companies' The Mid-Cap and Small-Capstocks were also in demand. up by 0.50 and 0.80% respectively.

Market breadth was positive, 1555 stocks advanced for 1294 stocks which declined.

GLOBAL MARKETS

U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for the first time in four days, as oil rose amidunrest in Libya and concern grew that Europe won’t find an immediate solution to its debt crisis. The S&P500 retreated 0.34 percent to 1,294. . The gauge had rallied 3.3 percent over the previous three sessions.The Dow Jones Industrial Average declined 0.15 percent, to 12,018.

Asian markets have opened up on a negative note Nikkei is down by 1.30%, Hang Seng is down by 0.40%.

March 23, 2011

BOND MARKETS 22-Mar 21-Mar Change CORPORATE/ ECONOMY NEWS10yr G-Sec Yield 8.12 8.07 0.051yr G-Sec Yield 7.58 7.58 0.00LIBOR (6m) 0.46 0.46 0.00LIBOR (1m) 0.25 0.25 0.00Interbank Call rate 7.7 7.5 0.18

88.38 #DIV/0!

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0

2

4

6

8

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12

5250

5300

5350

5400

5450

5500

5550

16-Mar 17-Mar 18-Mar 21-Mar 22-Mar

NSE Turnover Rs Cr('000) Nifty

0.00.51.01.52.02.53.03.54.0

17500176001770017800179001800018100182001830018400

16-Mar 17-Mar 18-Mar 21-Mar 22-Mar

BSE Turnover Rs Cr('000) Sensex

The Karnataka government yesterday said it will allot 1,500 acres land to world's largest steel makerArcelorMittal within a month to set up a 6 million tonne per annum (MTPA) steel plant.

Lanco Infratech yesterday reported that it has emerged as the largest independent power producer inIndia with an installed capacity of 3292 megawatts.

Garware Offshore Services Ltd has announced on Tuesday that the vessel M. V. Beaucephalus' ownedby the Company's wholly Owned Subsidiary, viz., Global Offshore Services P. V. (the Netherlands) hasbeen awarded a 4 year contract in Brazil. The approximate annual value of the contract stands at Rs.490mn.

Patel Engineering has bagged a road construction contract worth Rs. 160.69 crore from the stategovernment of Karnataka.

PSL reported that the company's unit at Sharjah has received a contract worth about $80 million fromthe Kingdom of Saudi Arabia for supply of bare line pipes.

The Munjal family promoted Hero Group has increased its shareholding in Hero Honda Motors Ltd. to52.21% by buying a 26% stake from Japan's Honda Motor Co.

Kotak Realty Fund, the property investment arm of India's Kotak Mahindra Bank, plans to raise as muchas $500 million by the second quarter of this year, in a bet on the long term case for property in India.

The country's largest car maker Maruti Suzuki India (MSI) yesterday said it will consider taking differentmeasures after April to protect its margins due to fluctuation of Japanese yen, post the devastatingearthquake and tsunami.

Drugmaker Elder Pharmaceuticals plans to raise Rs 105 crore through seven-year bonds at 11.25%.

Edinburgh-based Cairn Energy Plc yesterday reported record revenues on the back of higher outputfrom its Indian unit where it is selling majority stake to mining group Vedanta Resources.The companysaid it was confident of winning government approval for the sale of up to 51% stake in Cairn India to theLondon-listed mining group.Revenues in full year 2010 surged to $1.6 billion as compared to $234million in the previous year.

SECTOR 22-Mar 21-Mar % Change CORPORATE NEWSRealty 2,079 2,034 2.19

Auto 8,592 8,462 1.53

Hc 5,859 5,795 1.10

Psu 8,564 8,473 1.08

Cd 5,806 5,750 0.97

Oil&Gas 9,764 9,676 0.91

Cg 12,440 12,332 0.88

Power 2,558 2,538 0.79

Teck 3,534 3,508 0.73

Metal 15,352 15,275 0.51

Fmcg 3,411 3,396 0.44

It 5,980 5,956 0.40

Bankex 12,237 12,190 0.39

BSE Upper Circuit Breakers

Company Name 22-Mar 21-Mar % Change

Mirza Internatonal 20.9 19.0 10.00

Fame India 76.9 69.9 10.00

Commercial Engineers 32.6 29.6 10.00

Betex India 156.5 149.1 5.00 0

Volume: 1 | Issue: 389| November 1, 2010

Steel pipemaker Jindal Saw Ltd is in talks to acquire a logistic firm that operatescontainer trains and owns terminals for about Rs 100-150 crore and expects to close thedeal in three months, its Managing Director, Indresh Batra said on Tuesday.

Indian paper producer BILT Paper Plc plans to raise at least $330 million from a Londonlisting to fund its expansion and pay down debt.BILT Paper, a unit of India's largestpaper maker Ballarpur Industries, has increased its paper production capacity by nearly90% over the last two years and plans to grow it by another 50% by the end of 2014.

Vedanta Group firm Sesa Goa said that it had acquired the assets of the upcomingsteel plant of Bellary Steel and Alloys, put on the block by a consortium of lenders ledby IFCI for Rs 220 crore.

Cairn Energy expects to receive approval from the government for a long-delayed dealto sell a stake in its Indian unit, the UK explorer said on Tuesday, as it announced aswing to annual profit.Cairn agreed seven months ago to sell up to 51% in Cairn Indiato Vedanta Resources for up to $9.6 billion.

Mundra Port and Special Economic Zone (MPSEZ), top private multi-portoperator, has secured a bid to develop a coal import terminal at Visakhapatnam. Theterminal will be built at cost of over Rs 300 cr.This marks the entry of MPSEZ on theeastern coast of the India.

China's Yanzhou Coal Mining Co and Aditya Birla group are among parties preparingto submit second-round bids for Australian coal miner Whitehaven Coal which is

March 23, 2011

Betex India 156.5 149.1 5.00 0

Allied Digital 86.4 82.3 5.00

BSE Lower Circuit Breakers

Company Name 22-Mar 21-Mar % Change

ParichaY Investments 200.6 211.2 (5.00)

Vertex Securities 137.7 144.9 (5.00)

KBS Capital 36.2 38.1 (5.00)

KGN Industry 105.7 111.2 (5.00)

BCC Finance 62.0 65.3 (5.00)

COMMODITY 22-Mar 21-Mar % Change COMMODITY / CURRENCY NEWS Crude Oil (USD/bbl) 104 103 1.00

Gold (Rs/10gm) 20,894 21,030 (0.65)

Silver (Rs/kg) 54,281 54,125 0.29

CURRENCY 22-Mar 21-Mar % Change

INR / USD 45.00 45.01 (0.02)

USD / Euro 1.42 1.41 0.71

Yen / USD 80.95 81.14 (0.23)

to submit second-round bids for Australian coal miner Whitehaven Coal which isseeking offers of more than $3.5 billion, it said on Tuesday.

Jyothy Laboratories said that its subsidiary has fully acquired Delhi-based laundryplayer Diamond Fabcare Private Limited (DFPL) for an undisclosed sum.

Times Internet and Nimbus Communication said that they are looking for globalpartners across media platforms to sublicense IPL rights that they have bagged thisweek from the BCCI.

Country's largest private power producer Tata Power have announced its partnershipwith Australian company Sunengy for executing a solar power project in India this year.

The Income Tax Department has issued a notice to Mahindra Satyam, the new brandidentity of Satyam Computer Services Ltd, to pay Rs 616.53 crore in taxes, thecompany said in a stock exchange filing yesterday.

Mylan Inc has sued the US Food and Drug Administration to get generic versions ofPfizer Inc's Lipitor on the market in late June and block Ranbaxy from receiving 180days of marketing exclusivity for its version of the medicine.

Light Sweet Crude Oil on Tuesday gained 1.00% closing at $104per barrel. Gold closeddown by 0.65% at Rs 20,894 and silver closed up by 0.29% at Rs 54,281.

The Indian Rupee closed higher against the dollar at Rs 45.00 as the Indian equitybenchmarks ended on positive note.

FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSSUZLON 45.5 46.0 1.10

BRFL 257.3 259.7 0.93

BOSCHLTD 5974.0 6,029.0 0.92

OIL 1268.1 1,279.3 0.88

NAGARFERT 26.1 26.3 0.77

IGL 295.7 298.0 0.76

PIRHEALTH 471.7 453.4 (3.88)

COREPROTEC 322.8 316.9 (1.81)

ACC 1023.7 1,005.6 (1.76)

HINDUNILVR 267.7 266.4 (0.49)

ABB 746.0 742.9 (0.42)

SAIL 162.0 161.7 (0.22)

INSTITUTIONAL ACTIVITY (Rs Cr) 10-Mar 09-Mar YTD

FII Cash Net (37) 261 (5,922) FII Stock Futures (225) (123) 5,528 FII Index Futures (547) 93 (4,014) Mutual Fund (51) 181 2,447

VALUATIONS P/E P/B DIV YLD

BSE 19.6 3.4 1.2

NSE 21.1 3.5 1.2BSE500 Mcap/GDP Ratio 0.59

Volume: 1 | Issue: 389| November 1, 2010

ArcelorMittal, a leading global steel company, signed a $6 billion five-year revolvingcredit facility. The facility will replace the €5 billion revolving credit facility underArcelorMittal's existing €17 billion Credit Facility Agreement dated 30 November2006, andwill be used for the general corporate purposesof the ArcelorMittal group.

To meet ever-increasing energy demand, the Ministry of New and Renewable Energy(MNRE) is looking at the possibility of generating 10,000 MW of power in the next 10years from surplus biomass.

March 23, 2011

4.91TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS

Rs % Rs % Rs %

Maruti Suzuki 1171.85 3.58 Wabco TVS India 987 9.33 Sequent Scientific 81.2 14.53DLF 228.1 3.17 Anant Raj Inds-$ 87.2 7.46 Zenith Info 164.5 11.79Bharti Airtel 325.85 2.68 Glodyne Tech 387.1 7.1 Gulf Oil Corp-$ 82.55 10.51Jaiprakash Asso 84.7 2.05 Mahindra & Mah Fin 764.35 6.28 Tatia Global 7.7 10HDFC 637.15 1.68 Amtek Auto-$ 141.8 6.18 Commercial Engineers 32.55 9.97

TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS

Name Rs % Name Rs % Rs % Jindal Steel 660.4 -0.31 Shree Global Trd 199.5 -16.72 Modern India-$ 88 -8.52

TCS 1069.0 -0.28 KGN Inds 105.65 -4.99 Sigrun Holdings 2.33 -5.67

ICICI Bank 1003.4 -0.27 Sunteck Realty 281 -4.65 Balkrishna Inds-$ 124.8 -5.35

HDFC Bank 2151.6 -0.13 Puravankara Proj 100.15 -3.93 Bheema Cem 33.6 -4.82

Bajaj Auto 1357.0 -0.01 MVL 27.1 -3.56 Henkel India 42.7 -4.79

SCRIPT NAME CLIENT NAME TYPE PRICE

Nu Tek India Trans Financial Resources Ltd BUY 17.6

Emami Infrastructure Crosseas Capital Services Pvt. Ltd. BUY 47.6

SUDAR GARM Crosseas Capital Services Pvt. Ltd. SELL 119.5

Tata Coffee A K G Securities And Consultancy SELL 890.0

Fiem Industries Fiem Industries Limited SELL 176.0

Birla Shloka Philipa John Dmello SELL 15.7

Kalindi Rail Deepak Popatlal Vora BUY 126.5

Marico Oppenheimer International Value Fd BUY 114.0

Dhanus Tech Grantview Properties SELL 11.4

Suryajyoti Spi Dinesh Shah SELL 51.0

1.28%

0.65%

3.35%

2.30%

1.22%

MOVERS & SHAKERS

Name

Name

BSE

BULK DEALS

NSE

QTY %

3.23%

2.45%

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1.23%

2.57%

Name Name