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Market Commentary

2/9/2010 4:23:25 PM

market watch	last close	change	% change
BSE Index	18205.87	32.44	0.18
NSE Index	5471.85	14.3	0.26

Selling pressure in late trade wiped off almost the entire gains of key benchmark indices in contrast to a strong start. The BSE Sensex rose 16.29 points to 18,222.16, as per provisional closing. As per provisional closing, the S&P CNX Nifty rose 9.20 points to 5,481.05. The market breadth was strong. On the BSE, 1911 shares rose while 994 shares declined. RIL rose 0.06% to ` 937. EIH jumped 3.76% to ` 149.10. Banking stocks rose. HDFC Bank rose 1.27%. However, SBI fell 0.89%. Bank of India, PNB and BoB rose by between 0.86% and 1.62%. Software exporters fell. Infosys was down 1.06%. TCS fell 1.66%. Wipro fell 0.19%. Jaiprakash Associates surged 4.05%. Metal and mining shares rose. NMDC, JSW Steel, Tata Steel, Sterlite Industries, Jindal Steel & Power, Jindal Saw, National Aluminium Co and SAIL rose by between 0.04% and 2.59%. Most auto stocks gained. Maruti Suzuki India rose 0.18%. Tata Motors rose 0.59%. M&M fell 0.19%. Hero Honda Motors fell 3.73%. TVS Motor Co fell 0.66%. However, Bajaj Auto rose 1.11%. Sugar stocks surged. Dhampur Sugars, Triveni Engineering, Shree Renuka Sugars, Bajaj Hindustan and Balrampur Chini rose by between 2.98% and 10.25%. Select consumer durables stocks rose. Gitanjali Gems, Titan Industries and Blue Star rose by between 1.41% and 3.68%. The Institute for Supply Management (ISM) showed US factory activity grew faster than forecast. World trade continued to rebound strongly in the first half of this year, rising by over a quarter from year-ago levels, with emerging economies showing particularly powerful export growth, World Trade Organization (WTO) figures showed. Global exports of merchandise goods, measured by value in current dollars not adjusted for price changes were 25.8% higher in the second quarter than a year earlier, after a 25.7% rise in the first quarter, WTO statistics showed. In India, exports rose for the ninth straight month in July 2010, growing an annual 13.2% to $16.24 billion, government data showed.

Sector Watch

Health Care

Scrip Name	Closing Price	%Change
GSK Pharma	1,909.70	1.61
Ranbaxy Labs	503.85	1.23
Lupin	360.55	1.08
Sterling Bio	106.85	0.99
DrReddysLab	1,378.30	0.80

Information Technology

Scrip Name	Closing Price	%Change
Aptech Ltd.	152.70	4.91
Tech Mahindr	676.45	4.61
HCLTechnolog	404.05	4.53
MphasiS	628.55	0.31
Wipro	403.45	0.04

Capital Goods

Scrip Name	Closing Price	%Change
Suzlon	51.35	10.19
Everest Kant	113.70	5.23
BEML	1,061.35	4.82
AIA Engineer	381.50	4.41
Praj Inds	76.50	2.20

BSE PSU Index

Scrip Name	Closing Price	%Change
IOB	133.80	6.53
BEML	1,061.35	4.82
SyndicateBan	115.40	4.58
Bank of Maha	71.60	4.45
DenaBank	109.20	3.61

Consumer Durables

Scrip Name	Closing Price	%Change
Gitanjali	205.50	3.68
Blue Star	445.00	2.11
Titan Inds	2,996.90	1.41

FMCG Index

Scrip Name	Closing Price	%Change
United Brew	435.50	3.13
Nestle	3,138.65	2.35
ITC Ltd	165.10	1.20
Hind.Unilev	269.05	0.86
Dabur India	213.10	0.59

Previous Commentary

Mid-Session Commentary at 9/2/2010 1:02:34 PM

Pre-Opening Commentary at 9/2/2010 8:47:19 AM

Top Gainers

CMP

% ch

SUZLON	51.35	10.19
GUJ NRE COKE	60.90	7.60
IOB	133.80	6.53
ISPATINDUSTR	20.00	6.10
EXIDE INDS	156.60	6.03
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Top Losers

CMP

% ch

APOLLO HSPT	411.50	-50.26
HIND COPPER	445.95	-4.10
HERO HONDA	1,699.75	-3.35
ADANI ENTER	654.45	-2.90
HIND ZINC	1,083.80	-2.70
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Volume Toppers

CMP

Value

TATA STEEL	543.45	717.56
RIL	937.15	686.87
SUZLON	51.35	654.94
NESTLE	3,138.65	618.53
TATA MOTORS	1,017.05	595.99
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FII Investments

Date	Type	Net Invest (Rs.cr)
01/09/2010	Equity	538.40
01/09/2010	Debt	-1,372.90
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