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Market Commentary

11/3/2010 4:29:10 PM

market watch	last close	change	% change
BSE Index	17098.33	69.63	0.41
NSE Index	5116.25	17.15	0.34

Key benchmarks spurted to their highest level in a month and a half as European stocks and US index futures moved off early lows. The BSE Sensex was up 109.28 points to 17,207.61, as per provisional figures. The S&P Nifty was up 31.35 points to 5147.60 as per provisional figures. The market breadth was weak. On the BSE, 1811 shares declined as compared with 1015 that advanced. The breadth was positive in early trade. Hindustan Unilever fell 4.08%. Among other FMCG stocks, United Spirits, Britannia Industries and Nestle India fell by between 0.54% and 2.1%. RIL advanced 1.17%. Auto stocks fell. Hero Honda Motors fell 0.96% to Rs 1911.05. Tata Motors fell 0.97%. M&M fell 0.52%. Maruti Suzuki India fell 0.91%. Banking stocks rose. HDFC Bank rose 0.73% SBI rose 0.45%. IT stocks rose. Wipro rose 2.22%. Infosys rose 0.92%. TCS gained 1.31%. Kale Consultants declined 2.81%. Tilaknagar Industries fell 2.47%. Areva T&D India gained 1.46%. Dewan Housing Finance Corporation jumped 3.80%. The government's record borrowing plan for FY11 is unlikely to be a huge challenge, RBI Deputy Governor Subir Gokarn has said. Newly elected president of Ficci Rajan Bharti Mittal has said there is no room for hardening of interest rates and the RBI should maintain status quo on the rates to allow the industry to make fresh investments. He added that fresh investment announcement have begun across sectors and further increase in interest rates will only hamper economic growth. RBI Governor D Subbarao has said inflation should moderate in the coming months. He said the central bank will ensure that interest rate levels do not have a negative impact on the competitiveness of the economy. Should India need to manage inflationary expectations, the central bank could turn to its traditional mix of policy tools including use of both liquidity and cash reserve requirements, he said.

Sector Watch

Health Care

Scrip Name	Closing Price	%Change
SunPhrmInds	1,690.95	2.97
IPCA Labs	1,199.20	1.85
Ranbaxy Labs	460.10	1.20
CadilaHealth	785.00	1.02
Cipla	318.35	0.87

Information Technology

Scrip Name	Closing Price	%Change
Patni Comput	516.25	1.96
Wipro	709.60	1.73
TCS	791.60	1.31
InfosysTechn	2,684.35	0.92
Oracle Fin	2,300.05	0.87

Capital Goods

Scrip Name	Closing Price	%Change
Jyoti Struct	170.70	5.96
AIA Engineer	370.15	5.31
ABB	871.90	3.53
Areva T&D	279.35	1.77
Thermax	683.80	1.63

BSE PSU Index

Scrip Name	Closing Price	%Change
Rural Electr	242.95	2.58
GAIL	418.05	2.35
Engineers	2,197.55	2.31
BankofBaroda	621.90	2.15
PFC	257.95	1.56

Consumer Durables

Scrip Name	Closing Price	%Change
Blue Star	376.00	2.06
Rajesh Expo	105.15	0.96
Titan Inds	1,814.35	0.76

FMCG Index

Scrip Name	Closing Price	%Change
ColgatePalmo	724.55	1.51
Ruch SoyaInd	99.40	0.86
Marico	106.25	0.66
Tata Tea	960.25	0.48
ITC Ltd	255.30	0.47

Previous Commentary

Mid-Session Commentary at 3/11/2010 12:54:31 PM

Pre-Opening Commentary at 3/11/2010 8:40:26 AM

Top Gainers

CMP

% ch

FORTIS HEALT	178.35	4.85
ABB	871.90	3.53
LIC HSNG FIN	813.40	3.26
GUJ NRE COKE	82.95	3.11
SUNPHRMINDS	1,690.95	2.97
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Top Losers

CMP

% ch

RENUKA SUGAR	163.25	-5.50
NMDC	360.35	-5.13
HIND.UNILEV	228.80	-4.21
TORRENTPOWER	298.15	-3.62
GLENMARKPHAR	245.50	-3.37
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Volume Toppers

CMP

Value

ICICI BANK	931.40	643.27
SBI	2,045.25	635.74
RIL	1,016.55	629.24
EDUCOMP SOLU	732.50	489.32
STERLITEINDS	820.70	321.80
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FII Investments

Date	Type	Net Invest (Rs.cr)
10/03/2010	Equity	1,770.20
10/03/2010	Debt	586.40
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