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Commentary INDICES SNAPSHOT October 07 2011 Commentary SENSEX The

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									     INDICES SNAPSHOT October 07, 2011                                                Commentary
SENSEX
                                                            The Asian markets had opened on a positive note tracking last hour
                                 PREVIOUS                   gains made in the US markets which helped our markets to open in
   SYMBOL        LAST PRICE                     % Change
                                  CLOSE                     green and thereafter saw a sideways to positive movements in the
  SENSEX          15,792.41      15,864.86        -0.46     morning session touching the high of the day but later in the second
     HC              5,813.73        5,767.47       0.8     part of the day we saw volatile movements with Nifty moving in and
  REALTY             1,678.23        1,668.97      0.55     out of the base line and closed for the day with minor loss. The
   FMCG              3,819.92        3,800.05      0.52     positively trading European markets helped our markets to cut short
     IT              5,154.44        5,153.79      0.01     its loss in the end. Nifty VIX jumped around 5% today as we the
   AUTO              8,290.40        8,300.87     -0.13     markets will he shut tomorrow for Pooja holidays. Negativity came
     CG            10,514.38       10,532.57      -0.17     majorly from the banking space which weakened again of European
    TECk             3,171.45        3,177.56     -0.19     concerns and upcoming quarterly numbers. FIIs have remained net
  POWER              2,071.49        2,080.29     -0.42     seller and they have sold shares worth Rs 2058.8 crore this month
   METAL           10,352.78       10,398.95      -0.44     till today. The market breadth, indicating the overall health of the
  OIL&GAS            8,233.59        8,281.76     -0.58     market, was weak. On BSE, 1,645 shares fell and 1,056 rose. One
     CD              6,139.40        6,177.89     -0.62     another thing to note is that the Standard & Poor's GSCI index of
    PSU              7,159.86        7,208.11     -0.67     raw materials has dropped 24% from a 32-month high in April 2011
  BANKEX             9,961.54      10,219.03      -2.52     on concern that demand for energy, metals and crops on worsening
NIFTY                                                       economic crisis in Europe and slowing manufacturing activities in
                                PREVIOUS                    emerging economies. Apart from that we saw the HSBC Markit
 SYMBOL          LAST PRICE                     % Change    Business Activity Index, falling in September to 49.8 which is the
                                CLOSE
 NIFTY             4751.3          -20.85          0.44     lowest since April 2009. Nifty today honored its support of 4739 and
 JUNIOR            9371.9          -63.35          0.67     closed above it. As we don’t have trading tomorrow, global market
 IT                5532.8           -4.3           0.08
                                                            cues will have an upper hand on our markets when we open for
                                                            trade on Friday. For Nifty the major support is lies at 4720 if it can
 BANK              8701.3         -212.05          2.38
                                                            hold this level then we may see a bounce back. On the other hand if
GLOBAL MARKETS (07-10-11) (08.45 AM)                        it fails to stay above this level then we may see further downside.
                  LAST                                      Overall outlook still remains cautious. Major laggards for the day
   SYMBOL                      NET CHANGE        % Change
                  PRICE                                     were banking, PSU, consumer durable, metal and oil while
 DOW JONES         11123.3         183.38          1.68     healthcare, realty and IT gained in a minor way. Banking stocks
  NASDAQ           2506.82          46.31          1.88     continued to fall after Moody’s downgrade SBI yesterday. Moody’s
   NIKKEI          8623.46         101.44          1.19     today reaffirmed their rating for ICICI Bank at C- as it maintains
                                                            robust franchise and strong liquidity and capitalization. Cement
 HANG SENG         17589.32        417.04          2.43     stocks gained on strong shipment numbers in September while
   CAC 40           3075.37        101.47         3.41%     aviation stocks gained as crude price fluctuated between $75 and
    FTSE            5291.26        189.09         3.71%     $80 mark. Also we saw buying in IT stock as rupee once again
                                                            weakened and moved below 49. Asian markets had turned negative
TOP TRADED VOLUMES                                          later in the day after opening positive as oil gained for the first time
        SYMBOL                VOLUME            PRICE       in four days on speculation that Europe will infuse capital into its
   JPASSOCIAT            28171685.00             71.55      banks to tame the debt crisis. US markets recovered from the lower
                                                            levels yesterday and made good gains towards the end of the session
     UNITECH             15492418.00             25.05      after Federal Reserve chairman said that the central bank can take
    HINDALCO             13942794.00            120.15      further steps to sustain a recovery which is feared slowing and
       ITC               12678478.00            194.95      cautioned its law makers against bringing changes to it. The
     SUZLON              10524908.00             34.90      European markets were all trading positive today even after
                                                            Moody’s investor service cut Italy’s credit rating was cut to A2 from
      STER               10393127.00            104.25      Aa2 with a negative outlook on concerns that the government may
       IFCI               9133595.00             28.45      struggle to tame the crisis. It also warned that euro area nations
  TATAMOTORS              8880985.00            147.50      rated below the top Aaa level may see rating cut if the contagion in
                                                            Euro zone spreads. The US index futures are crawled back into
    ICICIBANK               8513439.00          778.35      green ahead of the ISM non manufacturing index and ADP nonfarm
        KSOILS              7539085.00           9.55       employment change data to be released later in the day.
TOP GAINERS (NSE)                                                  PIVOT POINT
                          LAST          PREVIOUS                    INDEX           R1              R2              S1          S2
      SYMBOL                                            % Change
                          PRICE          CLOSE                      NIFTY         4805.73      4860.17 4718.93   4686.57
   ANTGRAPHIC               0.25              0.2            25    SENSEX         15971.4     16150.33 15686.99 15581.57
     FCSSOFT                0.65             0.55         18.18
   TELEDATAIT               0.35              0.3         16.67
                                                                   SGX NIFTY (07-10-11) (8.15 AM)
                                                                      LAST          PREVIOUS CLOSE               % CHANGE
     DYNASYS                0.75             0.65         15.38
     ATNINTER                0.9              0.8         12.5
                                                                    4,883.00             4,863.00                  0.41

     GALLANTT               23.6              21          12.38
                                                                   BALTIC INDEX
 TOP LOSERS (NSE)                                                     DATE               CLOSE               PRE CLOSE         % CHANGE

      SYMBOL
                          LAST          PREVIOUS
                                                        % Change
                                                                    7-Oct-11              1967                    1908               3.09
                          PRICE          CLOSE
   PRAKASHCON            184.00           230.00          -20.00
    VINYLINDIA              8.40             9.65         -12.95   ADR CLOSING (05-10-11)
    ZENITHINFO           150.00           170.00          -11.76        SYMBOL                       % CHANGE

     KOUTONS              24.30           27.25           -10.83         REDF                            4.42
      BATLIBOI            16.50           18.45           -10.57         CTSH                            3.43
     WELPROJ              34.60           38.20           -9.42             IBN                          3.26
                                                                            SLT                          2.79
 NEW HIGHS & NEW LOWS (BSE)
                                                                         HDB                             2.49
        NEW HIGHS                              NEW LOWS
                                                                         INFY                            2.39
     SCRIP            PRICE             SCRIP            PRICE
                                                                          IIF                            2.38
 Tilak Finance        40.65            MTNL               29.2
                                                                         WNS                             2.37
 Agarwal Hold         108.5         Samtel Col            4.17
                                                                         INP                             1.90
   JSL Inds           98.55         Oregon Co             16.9
                                                                            EPI                          1.82
 Ravinay Trad          315           PVP Vent             4.55
                                                                         PIN                             1.80
  Hindoostan          388.3          Longview             4.74
                                                                         RDY                             1.74
  Sharp Tradi         251.4          Terai Tea           25.65
                                                                          TCL                            1.38
  Santowin Co          90           Alka India             0.2
  PM Telelinn         66.7         Rubra Med              2.18            WIT                            0.87
                                   Silicon Valle          0.27            TTM                            0.76
                                                                          IFN                            0.55
FOREX MARKET (07-10-11)                                                      0                           0.00
   CURRENCY           Value            Change         %Change            SAY                             0.00
     RUPEE           49.35             -0.06            -0.11            MTE                             -0.83
      EURO                                                               PTI                             -1.09
                      1.34              0.00            -0.20
                                                                         SIFY                            -1.33
ECONOMIC INDICATORS
 GDP Rate Q2                                          7.7%
 Inflation Rate (for the month ended                               MSCI INDEX
 August 2011 )
                                                      9.78%                                 CLOSE                % CHANGE
 CALL RATES                                         8.25%/8.3%        INDIA                 385.66                   0
 PRECIOUS METALS ($)                                               ASIA PACIFIC             110.63                 3.05
     METAL            Value            Change         %Change
      GOLD           1654.7             2.9             0.18       CURRENCY INDICES
                                                                    CURRENCY             CLOSE             CHANGE         % CHANGE
     SILVER          32.04              0.01            0.03        US DOLLAR             78.7               0.06            0.07
   PLATINUM           1522               2              0.13          EURO               134.37              0.9             0.67
                                                                       GBP               154.39             -0.34           -0.22
ADVANCES / DECLINES (ALL MARKET)
                                               MARKET
   ADVANCES                  DECLINES
                                               BREADTH                                 NEWS BOX
       1086                   1642            NEGATIVE
                                                              •   A day after downgrading its rating of public sector
FII DAILY ACTIVITY (on 05-10-11)                                  lender SBI's financial strength, Moody's today re-
               PURCHASE
                    S            SALES                            affirmed its rating for ICICI Bank and said the private
                  (Rs.in          (Rs.in   NET INVESTMENT         sector lender continues to maintain a robust franchise
                 crores)         crores)     (Rs in crores)       and a strong liquidity, capitalisation and earnings
 Equity FII       2025.78       3034.65       -1008.87            profile.
SENSEX – WEEKLY
                                                              •   The value of M&A deals involving Indian companies
                                                                  witnessed a 56 per cent decline year-on-year to USD
                                                                  5.91 billion in the third quarter of 2011, according to a
                                                                  report by global consultancy firm Grant Thornton.
                                                              •   Wind power company Suzlon Energy today said it has
                                                                  bagged an order from GAIL for supply of wind turbines
                                                                  to the state-run gas distribution major's upcoming
                                                                  project in Karnataka.
                                                              •   Leading engineering and construction company Punj
                                                                  lloyd today said it has bagged an engineering,
                                                                  procurement and construction (EPC) contract to set up
                                                                  Qatar's first plant for manufacture of polysilicon, the
                                                                  raw material used to build solar cells.
                                                              •   Reliance Industries has served a notice for suspension
NIFTY –VOLATILITY                                                 of gas supplies to four fertilizer plants in Uttar Pradesh
                                                                  from tomorrow unless they enhance their financial
                                                                  guarantees to cover for state sales tax.
                                                              •   State-run BHEL today said it has bagged a Rs 3,800
                                                                  crore order from Dainik Bhaskar power for setting up a
                                                                  1,320-MW thermal power plant in Madhya Pradesh.
                                                              •   India Infoline (IIFL) said on Wednesday US private
                                                                  equity giant Carlyle Group has bought a 9% stake in the
                                                                  company from the secondary market for an undisclosed
                                                                  amount.
                                                              •   IT firm Nucleus Software today said it has successfully
                                                                  rolled out its FinnOne IT suite at Oman-based
LIGHT CRUDE                                                       BankMuscat's branches, which will help the bank
                             % CHANGE          CHANGE
                                                                  improve operational efficiencies.
                                                              •   Luxury car maker Audi India today reported a 83.77%
      105.28                  -0.45             -0.43             jump in sales for September 2011, at 555 units. The
BASE METALS ($)
                                                                  company had sold 302 units in the corresponding month
                                                                  last year. During January-September period this year,
    METAL           CLOSE        CHANGE        CHANGE
                                                                  the company's sales increased by 93.30% to 4,210 units
   COPPER           3.2947          0.03         0.79             from 2,178 units in the year-ago period.
   NICKEL           8.6022         -0.01         -0.1
  ALUMINUM          0.9894           0           0.32
                 PIVOT POINT OF BSE TOP TRADED STOCKS BY VOLUME


      STOCKS                           SUP 1     SUP 2     PIVOT     RESIS 1   RESIS 2
                          LAST PRICE
   Jaiprakash Asso            71.3       69.82     68.33     71.23     72.72     74.13
    PIPAVAVDOC                74.1      71.73     69.37     74.37     76.73     79.37
    Suzlon Energy             34.9      34.23     33.57     35.32     35.98     37.07
         IFCI                28.55       28.12     27.68     28.83     29.27     29.98
     Union Bank             225.1      218.40    211.70    228.70    235.40    245.70
    Hindalco Inds           120.15      117.43    114.72    122.22    124.93    129.72
       Unitech                25.2       24.83     24.47     25.37     25.73     26.27
         SBI                1715.3     1678.03   1640.77   1745.82   1783.08   1850.87
   Reliance Comm              72.6       71.52     70.43     72.73     73.82     75.03
      JSW ISPAT              12.49      12.33     12.17      12.51     12.67     12.85


                         NIFTY SUPPORT AND RESISTANCE




RESISTANCE AT 4823 ABOVE 4869...SUPPORT AT 4720 BELOW FURTHER DOWNSIDE…
                                  EDITOR’S DESK

OUR MARKETS ARE EXPECTED TO OPEN WITH A POSITIVE GAP TRACKING ASIAN PEERS
AND ARE EXPECTED TO BOUNCE BACK FROM THE CRUCIAL SUPPORT OF 4739-4720
LEVELS. OVERALL OUTLOOK WILL REMAIN POSITIVE IN THE MORNING SESSION. TRADE
CAUTIOUSLY IN THE SECOND PART OF THE DAY. ASIAN MARKETS GAINED FOR THE
SECOND DAY ON OPTIMISM THAT EUROPEAN OFFICIALS WILL GIVE STRONG SUPPORT
TO REVIVE THE REGIONS DEBT RIDEN BANKS. ALSO THE BANK OF ENGLAND, THE OTHER
DAY, REACTIVATED EXTRAORDINARY STIMULUS PACKAGE BY AGREEING TO INJECT 75
BILLION POUND INTO BRITISH ECONOMY CAUGHT UP IN A GLOBAL SLOWDOWN. IN US,
THE MARKETS GAINED LEAD BY BANK OF AMERICA AND MORGAN STANLEY AFTER
TREASURY SECRETARY HINTED THAT THE NATION’S BANKS HAVE STRENGTHENED.
APART FROM THAT, THE US INITIAL JOBLESS CLAIMS FELL TO 401000 FROM AN
ESTIMATED 411000 WHICH SUPPORTED THE UPTREND THE OTHER DAY. LATER IN THE
DAY WE ARE EXPECTING THE US NONFARM PAYROLLS AND UNEMPLOYMENT RATE.

                 STOCK TO WATCH: CADILA HEALTHCARE (771.05)




     RES AT 780 IF MOVES ABOVE THEN 795 AND 803...SUP AT 762 AND 755...BUY AT
                                  DECLINES…
            STOCK TO WATCH: TATA COFFEE (790.7)




            RES AT 810 ABV 825…SUP AT 780-774…

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