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Market Commentary

15/3/2010 4:54:37 PM

market watch	last close	change	% change
BSE Index	17166.62	7.22	0.04
NSE Index	5137	-4.3	-0.08

Encouraging advance tax figures of top Indian firms for Q4 March 2010 triggered intraday recovery on the domestic bourses in what was a choppy trading session. As per provisional figures, the BSE Sensex was up 9.41 points to 17,176.03. The S&P CNX Nifty was down 4.30 points at 5132.70 as per provisional figures. The market breadth was weak. On the BSE, 958 shares advanced as compared with 1846 that declined. RIL rose 0.56% to Rs 1027. Realty shares fell. Unitech, Indiabulls Real Estate, DLF and HDIL fell by between 0.2% and 3.67%. FMCG stocks rose. HUL rose 2.96%. Among other FMCG stocks, Nestle India, ITC, Britannia Industries and United Spirits rose by between 0.45% and 0.9%. Banking stocks fell. SBI fell 1.49%. HDFC Bank rose 0.87%. HDFC fell 1.51%. IT stocks rose. Wipro rose 3.03%. TCS rose 2.45%. Infosys rose 1.36%. Tata Steel rose 0.18%. L&T fell 0.35%. Auto stocks fell. Maruti Suzuki India fell 1.2%. Hero Honda Motors fell 0.43%. Bajaj Auto fell 0.8%. M&M fell 2.99%. Tata Motors rose 1.5%. The economy is seen expanding by more than 7.2% in the year to March 2010, with growth accelerating to 8.5% in 2010/11 and 9% in 2011/12. The RBI is expected to raise its key lending rate by as much as 50 basis points in April 2010 to tame inflation. The rate hike would come two months after Pranab Mukherjee raised factory gate taxes in the budget for 2010/11, the beginning of unwinding stimulus measures. Mr Mukherjee has said that corrective economic steps have to be taken to tame inflation. The government's plan to borrow $100 billion in the year to March 2011 has added to expectations market rates would rise and hurt industry. Chief economic adviser in the Finance Ministry Kaushik Basu said the wholesale price inflation is expected to remain at a 16-month high in March 2010.

Sector Watch

Health Care

Scrip Name	Closing Price	%Change
OptoCircuits	222.00	3.69
DrReddysLab	1,200.00	2.48
IPCA Labs	1,243.40	1.87
Dishman Phar	216.50	1.60
Sterling Bio	105.25	1.20

Information Technology

Scrip Name	Closing Price	%Change
HCLTechnolog	370.90	3.13
Wipro	730.00	3.03
TCS	816.30	2.45
InfosysTechn	2,709.00	1.36
Oracle Fin	2,316.00	1.15

Capital Goods

Scrip Name

Closing Price

%Change

BSE PSU Index

Scrip Name	Closing Price	%Change
ChennaiPetro	263.50	3.92
ShippingCorp	153.15	1.73
Jammu & Kash	655.00	1.13
NTPC	202.00	0.95
BPCL	528.30	0.31

Consumer Durables

Scrip Name	Closing Price	%Change
Rajesh Expo	104.00	1.17
Blue Star	381.00	0.99

FMCG Index

Scrip Name	Closing Price	%Change
Hind.Unilev	226.10	2.96
BritaniaInds	1,595.00	0.90
United Spiri	1,431.00	0.90
GodrejConsum	272.65	0.63
ITC Ltd	260.00	0.62

Previous Commentary

Mid-Session Commentary at 3/15/2010 1:00:34 PM

Pre-Opening Commentary at 3/15/2010 8:41:27 AM

Top Gainers

CMP

% ch

CHENNAIPETRO	263.50	3.92
OPTOCIRCUITS	222.00	3.69
HCLTECHNOLOG	370.90	3.13
WIPRO	730.00	3.03
HIND.UNILEV	226.10	2.96
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Top Losers

CMP

% ch

RENUKA SUGAR	76.60	-50.28
HIND COPPER	457.00	-5.47
NMDC	343.00	-5.43
RCF	81.05	-4.03
ESSAR OILS	137.65	-3.91
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Volume Toppers

CMP

Value

INFOSYSTECHN	2,709.00	728.34
RIL	1,027.00	657.37
TATA STEEL	608.50	604.75
TATA MOTORS	769.50	517.19
SESA GOA	436.40	458.13
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FII Investments

Date	Type	Net Invest (Rs.cr)
12/03/2010	Equity	446.80
12/03/2010	Debt	1,135.00
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