LALKAR

THE DAY ON DALAL STREET

Wednesday, 3rd November, 2010

Indian Market Round Up

In Focus Market Action Technically

Market News Flow INDEX WATCH
INDEX CLOSE %
Transgene Biotek plans to SENSEX 20345.69 -0.05
raise funds through GDRs NIFTY 6119.00 +0.02

Realty shares sink as RBI SECTORAL WATCH)

tightens norms for home CD 6,780.70 1.64
loans CG 16,163.48 1.42
IT 6,035.43 0.62
Kemrock Industries signs FMCG 3,620.00 0.49
MOU with DSM PSU 10,221.46 0.40
Equity benchmarks closed TECk 3,721.65 0.30
rangebound session on a flat note BANKEX 14,490.31 0.22
Splash Media plans to raise
and shrugged off key rates hike by POWER 3,140.58 0.19
funds by exploring the low
the Reserve Bank of India (RBI). The HC 6,550.06 0.07
cost option
consolidation was imminent today METAL 16,830.75 -0.07
after a steep rally on Monday. Sensex AUTO 10,004.84 -0.53
Spicejet to buy 30
fell marginally and closed at 20345.69 OIL&GAS 10,987.62 -0.80
turboprop aircraft from REALTY 3,740.63 -2.58
and Nifty gained marginally and
Bombardier
ended at 6119.
MAJOR GAINERS (NSE)
Lupin gets USFDA nod for
The impact of RBI policy was seen on Company Close %
Suprax
realty, oil & gas, auto and metal Gain
sectors. However consumer durable, ACC 1,061.85 4.73
Tata Motors Finance to Ambuja
fmcg, banks, capital goods witnessed 148.25 3.89
extend funding to all Fiat Cements
buying.
cars Wipro 433.85 2.40
In midcap space, Wockhardt shot up
Goldiam International MAJOR GAINERS (BSE)
17.4%. Rajesh Exports, GE Shipping,
sparkles on export order Company Close %
Rashtriya Chemical and AIA
Engineering were up 7-12.5% while Gain
ACC strikes 52-week high
ING Vysya Bank, IBN18 Broadcast,
as cement dispatches ACC 1,056.95 4.20
Phoenix Mills and Indiabulls Financial
surge in October 2010 Larsen 2,133.25 2.53
lost 3-4.5%.
Mortgage lenders slip as Wipro 434.00 2.49
In smallcap space, Reliance Media,
70 RBI tightens provisioning
Ahmednagar Forging, Mandhana
norms on home loans MAJOR LOSERS (NSE)
Industries, Tata Elxsi and Talwalkars
Company Close %
Fitness went up 9-11% while Intra
Kiri Dyes acquires Dystar Loss
Infotech, Splash Media, Asian Star,
Group DLF 349.20 3.35
Oscar Invest and Eveready Industries
Suzlon Energy 56.65 3.08
declined 5.6-9.7%. Bharti Airtel 329.25 1.80
Govt works on subsidy
regime for petro goods
About 1545 shares advanced while MAJOR LOSERS (BSE)
1754 shares declined on BSE. Nearly
ABG Shipyard sets sail on Company Close %
143 shares remained unchanged
large order win Loss
DLF 349.10 3.28
Cipla 350.75 1.78
Reliance 1,074.35 1.72

5th Floor, Crescent Chamber, Tamarind Lane, Fort, Mumbai - 400 001, India T: +91 22 2265-2626, F: +91 22 2265-1642. PAGE 1
 LALKAR
DALAL STREET BREAKFAST
Wednesday, 3rd November, 2010

Global Markets

Asian Update US: Market Action Technically

Japan

RBS Said in Talks for $6.4 US INDEX WATCH

Billion Asset Sale to
Mitsubishi UFJ INDEX Close/Last %
CHG
Yen Trades Near One- Dow 11,188.72 +0.58
Week Low Against Euro on S&P 500 1,193.57 +0.78
Stock Gains, Global Nasdaq 2,533.52 +1.14
Recovery
A day before the Federal Reserve
Toyota Says Sudden- (most probably) unveils new GLOBAL WATCH
Acceleration Lawsuits quantitative easing measures, US
Don't Identify an `Actual stocks and treasuries showed Nikkei 9159.98 +0.06%
Defect' handsome gains as investors lapped TOPIX 803.12 -0.02%
up securities in an manner which Hang
China 24106.80 +1.84%
could very loosely (and satirically) be Seng
described as "front running the Fed". S&P/ASX
Airbus Set to Erode 4728.40 +0.57%
Boeing's Lead in China 200
The Dow rallied 64 points as Home Shanghai 3050.66 +0.17%
With 100-Jet Order
Depot, American Express and S&P/TSX 12681.40 +0.13%
Microsoft all climbed at least 1.6 Mexico
Hong Kong Biggest 35722.70 +0.43%
percent, leading the index to touch Bolsa
Beneficiary of QE2, Global
its highest level since the Sept 15
Recovery, Goldman Sachs
Lehman Brothers' bankruptcy before SECTORAL WATCH)
Says
paring gains and retreating from
higher levels. US markets
Metals Producers Rise on
Report China Studies Sector Change
Mastercard surged 2.9 percent after %
Starting Strategic Reserves
its results beat analyst estimates. Energy 1.11%
Other stocks also broadly advanced Materials .91%
Market with the S&P rising 0.78 percent and Industrials .78%
the Nasdaq rising 1.14 percent. Cons Disc 1.05%
Opinion Cons Staples .43%
Among other asset classes, oil surged Health Care .78%
“70 to a six month high of almost Financials .26%
The Fed created all these $84/barrel while cotton rose to record Info Tech .92%
levels and sugar reached a 29-year Telecom Svc .85%
expectations and it’s going
high. Utilities 1.18%
to be hard for them to
deliver; anything less than Today’s rise (particularly in STOCKS IN THE NEWS
$500 billion in QE would commodities) indicates, at least to us, Stock News %
be uncivilized. that the market is increasingly surer CHG
that the Fed is going to announce
” quantitative easing measures and
JP Morgan Strong
John Lynch, Kinect 1.63
that the quantity is going to be in line
chief equity strategist, orders
with (if not significantly more than)
Wells Fargo Funds Mastercard Stellar
market expectations. 2.92
Management earnings
Still, tomorrow is another day.

5th Floor, Crescent Chamber, Tamarind Lane, Fort, Mumbai - 400 001, India T: +91 22 2265-2626, F: +91 22 2265-1642. PAGE 2
 LALKAR
DALAL STREET BREAKFAST
Wednesday, 3rd November, 2010

Observations

US elections and other Observations

Well, we’d have liked to use

our artistic license and call it
100 years of solitude, but
given that governance
(especially polity) leaves
quite a bit to be desired
when it comes to elegance,
we’ rather simply call it 100
years of governance.

John W Palmer (at

www.johnwpalmer.com) has
done a wonderful job
encapsulating the 100 years
of give-and-take between
the Republicans and the
Democrats. As we move into
the last leg of the US
elections, with Democrats
Fig 1.1: Mapping 100 years of US governance facing one of their worst
(Source: johnwpalmer.com) defeats in decade, its nice to
get a bit of perspective on
hits and misses. .

And finally, before the Fed’s (“all-important”) announcement tomorrow, a puzzle for you to decode
(courtesy the Fed and John Lohman/Zerohedge):

70

More on it tomorrow!

5th Floor, Crescent Chamber, Tamarind Lane, Fort, Mumbai - 400 001, India T: +91 22 2265-2626, F: +91 22 2265-1642. PAGE 3
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