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Market Commentary

12/5/2008 6:41:52 PM

market watch	last close	change	% change
BSE Index	16737.07	139.85	0.84
NSE Index	4982.6	38.7	0.78

Indian shares closed marginally up on Monday, with Reliance Industries and IT stocks leading as the market snapped a five-day losing streak, but trade was choppy after industrial output growth slowed to a six-year low. The BSE Sensex rose 123.83 points, or 0.74%, to 16,860.90. It had hit a high of 16,897.36 and a low of 16,546.55. The Nifty was up 30.05 points, or 0.60%, at 5,012.65. Ranbaxy Labs surged 5.44% to Rs 495. IT stocks advanced on fresh buying as the rupee fell below 42 level against the dollar, at its lowest in almost 13 months. Satyam Computer Services was up 3.72% to Rs 491, TCS gianed 1.08% to Rs 927.40, and Wipro gained 1.60% to Rs 509.20. Reliance Industries settled 1.08% higher to Rs 2,555. Bhel gained 1.77% to Rs 1755 after the company said it has signed a memorandum of understanding with Andhra Pradesh Power Generation Corp for setting up a 125 megawatt coal-based power plant. SBI settled 1% lower at Rs 1,659. NTPC gained 0.34% to Rs 192.50. M&M slipped 0.48% to Rs 669. Cairn India galloped 11.63% to Rs 305.80. Arvind Mills jumped 3.80% to Rs 51.85. SEL Manufacturing Company rose 7.83% to Rs 489. Indiabulls Real Estate slumped 3.04% to Rs 524. Tata Metaliks declined 3.88% to Rs 168.50 following reports the company is planning to invest Rs 1000 crore to build a 0.8 million tonnes plant for manufacturing long products in the state Karnataka. Mysore Cements rose 2.60% to Rs 37.55 after the company’s board gave its approval to amalgamation of Indorama Cement and Heidelberg Cement India with the company. Asian Paints slipped 1.57% to Rs 1,200.

Sector Watch

Health Care

Scrip Name	Closing Price	%Change
Ranbaxy Labs	495.00	5.44
Aventis Phar	810.00	3.57
Matrix Labs	179.20	2.55
WockhardtLtd	304.00	2.49
SPARC	91.70	1.83

Information Technology

Scrip Name	Closing Price	%Change
MphasiS	221.80	6.81
Satyam Compu	491.00	3.72
NIIT Tech	141.85	2.53
Finan.Techno	1,802.00	1.97
Tech Mahindr	912.25	1.83

Capital Goods

Scrip Name	Closing Price	%Change
Suzlon	280.60	3.58
Praj Inds	199.00	3.06
BEML	1,120.00	2.81
BHEL	1,763.00	2.23
AIA Engineer	1,564.85	0.45

BSE PSU Index

Scrip Name	Closing Price	%Change
RCF	75.00	4.97
PNB	527.00	4.29
Jammu & Kash	687.00	4.11
Concor	935.00	3.64
ChennaiPetro	361.80	3.14

Consumer Durables

Scrip Name	Closing Price	%Change
Titan Inds	1,126.15	4.00
Rajesh Expo	96.80	2.16

FMCG Index

Scrip Name	Closing Price	%Change
REIAgroLtd	1,675.00	4.68
ITC Ltd	224.50	2.84
Nestle	1,860.00	2.63
Tata Tea	923.10	1.84
ColgatePalmo	444.00	1.30

International Markets

market watch	Last Close	Change	% change
FTSE	Data not available.
NASDAQ	2,513.04	+16.73	+0.67 %
DOW	12,786.64	+19.07	+0.15 %
NIKKEI	17,913.21	-25.91	-0.14 %
HSI	20,651.42	+83.51	+0.41 %

Asian markets: Asian markets ended higher.

US markets: US markets slumped on Friday, 9 May 2008, as American International Group Inc (AIG), the world's largest insurer, reported huge losses while crude oil surged to a new high. The Dow Jones industrial average slipped 120.90 points at 12745.88 and the Nasdaq Composite declined 5.72 points at 2445.52. The S&P 500 index shed 9.40 points to 1,388.28.

ADR prices (USD)	Last Close	Change	% change
ICICI BANK	44.58	+0.23	+0.52 %
REDIFF	NA	NA	NA
SILVERLINE	Data not available.
VSNL	19.20	-0.15	-0.78 %
DR REDDYS	17.26	+0.10	+0.58 %
WIPRO	18.32	NA	NA
SATYAM COMP	23.55	-0.38	-1.59 %
INFOSYS	NA	NA	NA
SATYAM	NA	NA	NA

Previous Commentary

Mid Session at 5/12/2008 1:23:02 PM

Pre Session at 5/12/2008 9:27:40 AM

End Session at 5/9/2008 6:36:37 PM