INDIAN MARKET 04-Aug 03-Aug % Change COMMENTARY

BSE Sensex 17,693 17,941 (1.38)

NSE Nifty 5,331 5,405 (1.37)

BSE Midcap 6,734 6,786 (0.76)

BSE Smallcap 8,063 8,109 (0.57)

Nifty Junior 10,696 10,740 (0.41)

CNX Midcap 7,827 7,885 (0.73)

GLOBAL MARKETS 04-Aug 03-Aug % Change

Dow Jones Ind (USA) 11,384 11,896 (4.31)

Nasdaq Composite(USA) 2,556 2,693 (5.08)

S&P 500 (USA) 1,200 1,260 (4.79)

FTSE 100 (UK) 5,393 5,585 (3.43)

DAX (Germany) 6,415 6,641 (3.40)

Nikkei 225 (Tokyo) 9,659 9,637 0.23

Hang Seng (Hong Kong) 21,885 21,993 (0.49)

Shanghai Comp (China) 2,684 2,679 0.21

KOSPI (South Korea) 2,018 2,066 (2.31)

STI (Singapore) 3,107 3,130 (0.74)

MSCI Emerging Market 425 432 (1.62)

MSCI Frontier Market 530 529 0.19

BOND MARKETS 04-Aug 03-Aug Change

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

INDIA

The Indian markets ended near day's low on Thursday, extending their losing streak into the third straighttrading session. The NSE Nifty has slipped over 160 points in the last three days with the index closing belowthe 5350 levels for the first time since June 26.Markets opened with a positive bias, tracking overnight gainsin the US markets and positive trend in a few Asian markets. However, the upswing was very short-lived, asthe index slumped in late afternoon trade and ended near day's low. Finally, the BSE Sensex ended at 17,693losing 247 points. It had earlier touched a day's high of 18,032 and a day's low of 17,664. It opened at 18,032.The NSE Nifty closed at 5,331 losing 1.37 percent. The decline was led by Realty, Auto, FMCG and Metalsstocks. The Mid-Cap and the Small-Cap stocks witnessed continued offloading.Market breadth was negative, 1705 stocks declined for 1127 stocks which advanced.

GLOBAL MARKETS

Gripped by fear of a new recession, the stock market suffered its worst day Thursday since the financial crisisin the fall of 2008. The Dow Jones industrial average fell more than 500 points, its ninth-steepest decline. Thesell-off wiped out the Dow's remaining gains for 2011. It put the Dow and broader stock indexes into whatinvestors call a correction -- down 10 percent from their highs in the spring. Across the financial markets, theday was reminiscent of the wild swings that defined the financial crisis in September and October three yearsago. Gold prices briefly hit a record high. Oil fell even more than stocks -- 6 percent.. The S&P 500 decreased4.8 percent to an eight-month low of 1,200. The Dow Jones Industrial Average declined 512.76 points, or 4.3percent, to 11,384 yesterday, erasing its 2011 gain.

Asian stocks fell the most since March, amid concerns over the U.S. recovery is petering out. Nikkei is downby 3.52% followed by Hang Seng which is down by 4.71%. SGX Nifty is down by 157 points.

Aug 5, 2011

BOND MARKETS 04-Aug 03-Aug Change

10yr G-Sec Yield 8.40 8.43 (0.03) CORPORATE/ ECONOMY NEWS1yr G-Sec Yield 8.49 8.49 0.00LIBOR (6m) 0.39 0.39 0.00LIBOR (1m) 0.16 0.16 0.00Interbank Call rate 8.00 7.91 0.09

88.38 #DIV/0!

0

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5200

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5300

5350

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29-Jul 1-Aug 2-Aug 3-Aug 4-Aug

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29-Jul 1-Aug 2-Aug 3-Aug 4-Aug

BSE Turnover Rs Cr('000) Sensex

Adani Power have posted a whopping 54% jump in its net profit at Rs 176.85 crore for the quarter endedJune 30, 2011. The company had reported a net profit of Rs 114.47 crore during the same quarter of thelast financial year. Net Sales of the company witnessed more than a two-fold jump at Rs 818.66 crore asagainst Rs 353.08 crore in the corresponding period of previous fiscal (2010-11).

Reliance Industries' prized KG-D6 gas fields have seen output drop over 27% to around 47 millionstandard cubic meters per day in June, Oil Ministry said yesterday.

Glenmark Pharmaceuticals said that its subsidiary Glenmark Generics Inc had received final approvalfrom the US health regulator for Verapamil tablets, which are used for treating hypertension.

Mid-sized drugmaker Venus Remedies is in talks with various firms in the US and Europe to out-licencefour patent drugs over the next 2-3 years, its top official said.

Mundra port yesterday posted a growth 20% in the consolidated net profit at Rs 254 crore for the firstquarter ended June, 2011. The net profit for the corresponding quarter in the last fiscal was reported at Rs211 crore. Total income has increased 27% to Rs 530 crore for the quarter under review from Rs. 416 crorefor the same quarter in the previous fiscal year. During the period, the net sales were registered at rs 516crore.

Looking to hit back at competitors with the new version of its premium hatchback Swift, Maruti SuzukiIndia have said that it would drastically cut exports of diesel engines to Hungary to concentrate on theIndian market.

Steelmaker JSW Steel on Thursday denied the conclusions drawn in a report by the Lokayukta --Karnataka's anti-graft watchdog -- against the company on procurement and transportation of iron ore inthe state. The steelmaker is not looking at legal recourse on the issue for now but may do so in thefuture, Seshagiri Rao, joint managing director and group CFO, told a press conference in New Delhi.Lokayukta had cited certain alleged illegal purchase of iron ore and transactions linking the company anda group firm.

Indian Hotels that operates hotels and resorts under 'Taj' brand today posted a multi-fold increase in itsnet profit at Rs 20.31 crore for the first quarter ended June 30. For the corresponding quarter last fiscal, thecompany's net profit was Rs 3.33 crore.The firm's net sales for the quarter under review increased 12.41%to Rs 369.54 crore, compared to Rs 328.74 crore in the first quarter of last fiscal.

SECTOR 03-Aug 02-Aug % Change CORPORATE NEWSPSU 8,254 8,286 -0.39%

CD 6,576 6,616 -0.61%

TECk 3,548 3,577 -0.83%

OIL&GAS 8,766 8,841 -0.84%

CG 12,479 12,590 -0.88%

IT 5,682 5,740 -1.01%

BANKEX 12,035 12,163 -1.05%

HC 6,313 6,401 -1.38%

POWER 2,418 2,458 -1.61%

METAL 13,388 13,628 -1.76%

FMCG 3,977 4,050 -1.82%

AUTO 8,475 8,653 -2.06%

REALTY 1,950 1,993 -2.16%

BSE Upper Circuit Breakers

Company Name 03-Aug 02-Aug % Change

WARREN TEA 512.9 466.3 10.00

NIKHIL ADHESIVES 57.4 52.2 10.00

PANCHMAHAL STEEL 59.9 57.0 5.00

BOMBAY OXYGEN CORPORATION 8,977.6 8,550.2 5.00 0

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

Aug 4, 2011

Two bitter rivals in the Indian financial market have made the first move towards smokingthe peace pipe. The country’s largest bourse, National Stock Exchange (NSE), and FinancialTechnologies (FT), the market’s leading technology provider, have arrived at anagreement under which the stock exchange will remove FT from a ‘watch list’ withimmediate effect and give it a crucial software code, or Application Protocol Interface(API), that will enable it to launch NSE's currency platform on its front-end softwaresolution,Odin, which is used by a majority of stock and commoditybrokers

Axis Bank's proposed Rs 1,080 crore ($240 million) US commercial paper (USCP) program(BBB-/Stable/A-3) has been assigned A-1 short-term rating by Standard & Poor's (S&P)Ratings Services. A $240 million irrevocable direct-pay letter of credit issued by Citibank NA(A+/Negative/A-1) supports this program.

IT firm Infosys Technologies have said rhat it has implemented its core bankingsolution, Finacle, in Bank Chinatrust Indonesia.

Engine manufacturer Cummins India, said its net profit rose by 26.34% to Rs 177.17 crorefor the quarter ended June 30, 2011, over the same period last fiscal. The company hadposted a net profit of Rs 140.23 crore for the quarter ended June 30, 2010. Net sales of thecompany stood at Rs 1,021.93 crore for the quarter ended June 30, 2011, as against Rs910.01 crore for the correspondingperiod in the previous fiscal.

Electrical equipment maker Havells India have announced its entry into the domesticappliances market with an aim to garner sales of Rs 500 crore from the segment in the nextfour years.

FMCG player Jyothy Laboratories (JLL) have said that it has acquired 1.76% more stake inBOMBAY OXYGEN CORPORATION 8,977.6 8,550.2 5.00 0

MODERN DAIRIES 16.9 16.1 5.00

BSE Lower Circuit Breakers

Company Name 03-Aug 02-Aug % Change

B.L.KASHYAP AND SONS 15.3 19.1 (19.90)

AVT NATURAL PRODUCTS 409.8 431.4 (5.00)

KIRI INDUSTRIES 169.2 178.1 (5.00)

BINAYAK TEX PROCESSORS 375.3 395.0 (5.00)

Veljan Denison 468.5 493.1 (5.00)

COMMODITY 03-Aug 03-Aug % Change COMMODITY / CURRENCY NEWS Brent Crude Oil (USD/bbl) 106 112 (5.36)

Gold (Rs/10gm) 23,983 23,914 0.29

Silver (Rs/kg) 58,201 61,515 (5.39)

CURRENCY 03-Aug 03-Aug % Change

INR / USD 44.54 44.30 0.54

USD / Euro 1.42 1.43 (0.70)

Yen / USD 79.76 77.14 3.40

Brent Crude Oil ended down by 7 percent at $106 per barrel. Gold closed up by 0.22percent at Rs 23,983 and Silver closed down by 5.3 percent at Rs 58,201.

The Indian Rupee closed n lower against the dollar at Rs 44.54 as the Indian equitybenchmarks ended on a negative note.

FMCG player Jyothy Laboratories (JLL) have said that it has acquired 1.76% more stake inHenkel India, increasing its total shareholding in the company to over 71.6%.Post the acquisition of 20.4 lakh shares, representing 1.76%, through an off markettransaction, JLL has increased its stake in Henkel India (HIL) to 71.60% from 65.85%.

US-based automotive and industrial products and services provider, Gates Corporationsaid that it expects to double revenues in India to touch $200 million by 2014-15. Thecompany that has two major plants in Chennai and Chandigarh and two other smallerplants in Pune and Faridabad, said it will invest $20 million in the next two years to expandcapacity to meet rising demand.

Textile firm Bombay Dyeing said its net loss has widened by 29.9% to Rs 39.79 crore for thefirst quarter ended June 30, 2011 on the back of high expenses, including increase in rawmaterial consumption. The company had a net loss of Rs 30.61 crore for the quarter endedJune 30, 2010. During the reporting quarter, the company's net sales declined by 4.86% atRs 397.82 crore from Rs 418.19 crore recorded in the correspondingquarter last fiscal.

Education solutions provider Educomp Solutions have said it has reported a growth of9.51% in its consolidated net profit at Rs 40.05 crore for the first quarter ended June30, 2011, on the back of higher net sales. The company had a net profit of Rs 36.57 croreduring the same period last fiscal. Total revenue of the company rose by 28% to Rs 292.42crore the first quarter current fiscal, against Rs 227.87 crore reportedan year ago.

FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSDCHL 66.0 66.5 0.76

GTLINFRA 13.9 14.0 0.72

MAX 180.8 182.1 0.72

BOSCHLTD 7030.2 7,079.9 0.71

ESCORTS 93.0 93.6 0.70

BFUTILITIE 658.1 662.5 0.68

INDIACEM 68.2 66.7 (2.27)

FEDERALBNK 401.0 394.0 (1.75)

CHAMBLFERT 93.5 92.0 (1.66)

TATAGLOBAL 111.1 109.5 (1.49)

AMBUJACEM 128.0 126.2 (1.41)

BEML 522.0 516.0 (1.15)

INSTITUTIONAL ACTIVITY (Rs Cr) 25-Jul 22-Jul YTD

FII Cash Net 240 525 13,828 FII Stock Futures (291) 97 (7,806) FII Index Futures 79 641 12,276 Mutual Fund 6 307 3,886

VALUATIONS P/E P/B DIV YLD

BSE 19.6 3.4 1.4

NSE 19.9 3.5 1.1BSE500 Mcap/GDP Ratio 0.57

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

Aug 5, 2011

Germany's SAP AG, the world's biggest maker of business software, plans to increase itsworkforce by about 7% in China and India, hiring as many as 600 people in comingquarters as it targets expansion in fast-growing Asia.SAP, which derives 16% of itsrevenue from Asia-Pacific including Japan, aimed to increase employees by 200-300 eachin China and India, where its staff strength was about 2,600 and 5,500 respectively, asenior executive said.

Monsoon rains were 22% below normal in the week to August 3 from 23% below averageshowers in the previous week, the weather office said on Thursday, and a second straightweek of weakness.

After dropping to a 20-month low in mid-July, food inflation inched up to 8.04% for theweek ended July 23 on expensive onion, fruits and milk. Food inflation, measured by theWholesale Price Index (WPI), was 7.33% in the previous week, the lowest since November2009. The rate of price rise of food items was 16.27% in the corresponding week of July2010.As per the official data released yesterday, onion became dearer by 26.36% year-on-year and fruits were expensive by 15.97%during theweek under review.

The Government yesterday reportedly indicated that it might remove the subsidy ondiesel sold for passenger vehicles. The FM further stated that out of total consumption ofdiesel, 10% is used by industry, 6% by railways, 12% by the agriculture sector and 15%by car owners, 8 per cent for power generation buses and trucks consume 12 % and 37%, respectively, reports added. The FM reportedly said that despite price increase ofpetroleum products in the recent past, the revenue loss of oil companies on fuel saleswere around Rs. 1.22 lakh crore.

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

Rs % Rs % Rs %

Rel Infra 565.85 0.95 Company 235 6.43 Nitin Fire 129.85 19.62Rel Communications 99.2 0.66 COX KINGS 244.45 4.47 Warren Tea-$ 512.85 9.99- - - Jindal Poly 212.15 3.97 Sahara One-$ 155.15 6.38- - - Hindusthan Nat-$ 111 2.87 Fedders Lloyd 78.5 6.01- - - TATAGLOBAL 1240 2.28 Vesuvius India 403.3 5.81

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

Name Rs % Name Rs % Rs % Mahindra & Mahindra 679.25 -4.45 Gujarat NRE Coke 39.1 -8.86 BL Kashyap 15.25 -19.95

ITC 200 -3.17 India Sec 42 -6.98 Unisys Soft 72 -13.98

NTPC 176.9 -2.48 Anant Raj Inds-$ 74.1 -6.79 Orient Green Power 12.45 -11.07

Hindalco Inds 161.6 -2.47 HDIL 129.65 -5.54 RBN 86.65 -8.45

Bajaj Auto 1419.6 -2.46 Bombay Dyeing 316.3 -5.37 Carol Info 224.2 -6.13

SCRIP NAME CLIENT NAME TYPE PRICE

NSE

MindTree Limited Coffee Day Resorts Pvt Ltd BUY 428.0

MindTree Limited Ashok Soota SELL 428.0

Bharat Forge Ltd Barclays Capital Mauritius Limited SELL 307.6

Balrampur Chini Mills Balrampur Chini Mills Ltd BUY 62.9

Balrampur Chini Mills Barclays Capital Mauritius Limited SELL 61.9

BSE

Aarey Drugs Thakorlal Atma Ram Modi BUY 21.5

ACROPET TEC Oudh Finance & Investment BUY 17.0

Zenu Infotech Anuradha Pankaj Dhoot SELL 38.0

Tata Coffee A K G Securities And Consultancy Ltd BUY 882.2

RCL FOODS Span Stock Broking SELL 54.1

MOVERS & SHAKERS

Name

NameName

BULK DEALS

Name

0.87%

5.68%

5.50%

0.55%

QTY %

0.86%

1.23%

2.25%

0.66%

0.65%

0.80%