Daily Trading Bites

I Equity I Derivative I Commodity I Debt & Forex I

4029
21 st
Sep 2010

Equity
DAILY HEADLINES
Indices
™ Idea Cellular, India's sixth-biggest mobile phone operator said on
Monday it continuously evaluates stake-sale proposals from time to Last Chg. % Chg
time. Sensex 19906.1 311.3 1.5
™ Sujana Universal Industries Ltd has informed BSE that the company Nifty 5980.4 95.5 1.6
has completed the process of due diligence for acquiring EBC Dow 10753.6 145.7 1.3
Bearings Ltd. NASDAQ 2355.8 40.2 1.7
™ Govt ready to give Posco majority stake in 12,000-crore joint Hangseng * 22080.6 103.3 0.4
venture between the company and SAIL.
Nikkei * 9664.5 38.4 0.4
™ Octant Interactive Technologies Ltd has informed BSE that the
* As of 8.15 AM
company has procured $1.02-million worth export orders for castor
derivatives.
Indian ADRs
™ Transcorp International said it has received a shareholders’
approval to transfer its travel and real estate business to two of its Last Chg. % Chg
subsidiaries. Infosys 66.1 1.0 1.6
™ Merck & Co, and London-based Cancer Research Technology Ltd Wipro 13.9 0.1 0.9
have sued Sun Pharmaceutical for allegedly infringing patent rights
on the world's largest selling brain cancer drug, Temodar. Satyam 5.21 0.0 1.7
™ EIH Ltd that runs the Oberoi and Trident chain of hotels will come HDFC Bank 185.2 3.0 1.6
out with a rights issue. ICICI Bank 48.9 1.1 2.3
™ JCB India Ltd has shown interest in setting up a new manufacturing
Dr. Reddy's 32.5 0.8 2.8
unit in Karnataka with invest Rs 400 cr.
™ Shriram EPC Ltd promoted Orient Green Power Company Limited is Tata Motors 24.0 0.7 3.3
in the process of setting up 50 Mw wind power project in Gujarat. Tata Comm 14.6 0.2 1.8
™ Jindal Steel and Power Limited (JSPL) plans to set up an Rs 5,500
crore industrial park at Parang.
Institutional Activity
™ United Spirits has set aside an investment of about Rs 1,000 crore
during the next two-three years to build additional primary Rs crores Purch Sales Net
distillation. FII’s:
™ SRF Ltd said its board has approved investing Rs 209 crore for Cash 5370.3 3667.7 1702.6
setting up new units in its chemical complex at Dahej in Gujarat
over the next 12-18 months. -Index Futures 3933.7 2657.1 1276.6
™ MSP Steel and Power will complete the first phase of Rs 800-crore -Stock Futures 2594.3 3088.7 (494.5)
capex to add one lakh ton of sponge iron and 18-MW power Mutual Funds* 532.7 877.7 (345.0)
capacity by next month at its Raigarh plant in Chhattisgarh.
™ KSK Energy Ventures Ltd today said that it has managed to tie up
the Rs 16,190-crore ($3.6 billion) funding required for the 3,600
MW KSK Mahanadi Power project coming up in Chhattisgarh.

EQUITY MARKET ROUNDUP

Majority equity indices across Asia ended on a mixed note amid holiday at
Japan. After a see saw opening, Indian equity indices moved closer to
psychological levels on the back fresh buying from FII and other hot money.
FMCG and Telecom lead followed by Oil&Gas, Metal, Cement, Financial,
Metal and Capital Goods sector stocks. On the other end some weakness seen
in stock specific news in the PSU sector. European markets ended mixed
while market expectations for accommodative steps by FOMC let the US
indices to jump higher.

OUTLOOK
Given positive close at the matured markets, majority Asian indices are
trading higher and leave the doors open for Indian indices to open higher for
the day. As indicated by the NBER, globally investors now believe that the
probability of a double dip recession is thin, rather matured economies may
register anemic growth moving forward. Taking cues from the derivates and
the extent of gains in the short period of time, Indian indices are poised to
profit taking in the short term. However, as the growth & consumption
firmly in place the smaller corrections are used to enter long with hot
sectors like Metals, FMCG, Pharma and also some of the laggards that
haven’t performed so far.

W A Y 2 W E A L T H S e c u ritie s P v t. L td .,
1 5 / A C h a n d e r M u k h i, N a rim a n P o in t, M u m b a i - 4 0 0 0 2 1 . T e l: + 9 1 2 2 4 0 1 9 2 9 0 0
e m a il: re s e a rc h @ w a y 2 w e a lth .c o m w e b site : w w w .w a y 2 w e a lth .c o m

Way2wealth Research is also available on Bloomberg WTWL <GO>

 Daily Trading Bites
I Equity I Derivative I Commodity I Debt & Forex I
4029
21 st
Sep 2010

RESEARCH TEAM

K.N.Rahaman Deputy Research Head Equities & Commodities rahaman@way2wealth.com

Jigisha Jaini Sr. Research Analyst Capital Goods & Engineering jigishajaini@way2wealth.com

Nisha Harchekar Sr. Research Analyst FMCG, Hotels, Media nishaharchekar@way2wealth.com

Sejal Jhunjhunwala Sr. Research Analyst Auto, Shipping & Metals sejal@way2wealth.com
Abhishek Kothari Research Analyst Banking, NBFC & Financial Services abhishekkothari@way2wealth.com
Krishna Reddy Research Analyst Commodities, Economic Update krishnareddy@way2wealth.com
MSR Prasad Research Analyst Commodities Prasad.m@way2wealth.com

Prateek Jain Sr. Research Analyst Mutual Funds & Economic update prateek@way2wealth.com
Ritu Gupta Research Analyst Mutual Funds ritugupta@way2wealth.com

Aditya Agarwal Sr. Derivative Analyst Derivative Strategist & Technicals aditya@way2wealth.com
Amrut Deshmukh Sr. Technical Analyst Technical Analysis amrut@way2wealth.com
Arun Kumar Technical Analyst Technical Analysis - Commodities Arun.Kumar @way2wealth.com

Rupali Prabhu Research Assistant Database Management rupali@way2wealth.com

Contact 022-40192900

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W A Y 2 W E A L T H S e c u ritie s P v t. L td .,
1 5 / A C h a n d e r M u k h i, N a rim a n P o in t, M u m b a i - 4 0 0 0 2 1 . T e l: + 9 1 2 2 4 0 1 9 2 9 0 0
e m a il: re s e a rc h @ w a y 2 w e a lth .c o m w e b site : w w w .w a y 2 w e a lth .c o m

Way2wealth Research is also available on Bloomberg WTWL <GO>