Date: 28 October 2010 Time: 4:00PM IST

Market Watch •Market Snapshot

28/10 1D (%) 1M (%) 1Y (%) P/E
• Opened flat and remained subdued on account of derivatives expiry today and
Sensex 19941 -0.3 -0.8 +22.5 23.8 weak global cues; slipped below psychological marks in early trade.
Nifty 5988 -0.4 -0.7 +24.1 • Recouped as select Asian markets turned positive; Traded in a narrow range till
CNX 500 4962 -0.5 0.0 +25.7 noon and fell thereafter.
• Climbed up again on the back of gains in European stocks and higher Asian
BSE Sectoral Indices stocks. Latest data showing softening of food inflation also underpinned sentiment.
Gainers (%) Losers (%)
• Amid volatility, indices touched day’s highs. Sensex hit 20185, Nifty hit 6071.
Auto +0.3 Realty -1.7
CD -1.5
• Moved in a range in afternoon and slumped to day’s lows in late trade. Sensex hit
19869, Nifty hit 5968.
Power -1.1
• Pared some losses and ended lower. Sensex ended at 19941, down 64 points;
Top Gainers / Losers Nifty ended at 5988, down 25 points.
Gainers (%) Losers (%)
• Among sectoral indices, Auto was the only gainer. Realty, CD and Power were the
Bharti Airtel 330.5 +2.6 JP Assoc 122.4 -2.2 major losers. Most auto stocks edged higher in anticipation of robust earnings and
Hero Honda 1901.3 +2.2 DLF 355.2 -2.2 expectations of strong sales in the ongoing festive season.
HDFC 692.3 +1.9 NTPC 195.2 -1.8
• Market breadth: Negative. Declines were 1.5 times Advances.
Forex Watch Thursday Thrillers
28/10 1D (%) 1M (%) 1Y (%) • Bata India rose 2.5% to end at Rs 345.9 after it recorded a 57.7% rise in net profit
USD/INR 44.52 0.0 -1.3 -5.8 for September quarter at Rs 207.2mn as against Rs 131.4mn year ago. The
EUR/USD 1.38 0.0 +2.6 -6.5 company's net sales in quarter under review grew 12.0% to Rs 2,917.8mn as
against Rs 2,604.2mn year ago.
USD/YEN 81.30 -0.4 -3.4 -10.7
• Bank of Baroda rose 2.1% to end at Rs 1,010.8 after it posted a higher net profit of
Debt Watch Rs 10,193.0bn for September quarter as against Rs 6,341.8mn year ago. Total
28/10 1D 1M 1Y Income rose to Rs 58,399.6mn from Rs 47,307.5mn year ago.
CBLO 6.08 6.04 6.00 2.99 On The Home Ground
CALL 6.60 6.64 6.26 3.25 • India's annual food inflation eased to 13.75% in week to 16 October as prices of
REPO 6.00 6.00 6.00 4.75 vegetable fell. It was 15.53% in previous week. Fuel price index rose 11.25%,
slightly more than the annual rise of 11.14% week ago. Primary articles price index
Commodity Watch was up 16.62%, compared with an annual rise of 18.05% week ago.
Commodity 28/10 1D (%) 1M (%) 1Y (%) • Hindustan Copper's net profit zoomed to Rs 562.1mn for September quarter from
Brent Crude Oil ($/bbl) 83.4 +0.2 +6.0 +8.1 Rs 151mn in year ago quarter. Total Income increased to Rs 3,387.6mn in quarter
1328.0 +0.2 +1.4 +29.2 under review from Rs 2,600.6mn year ago.
Gold (oz/$)
Copper ($/tonnes)* 8344.0 -1.5 +5.2 +26.5 • Hindustan Petroleum Corp Ltd (HPCL) plans to add a new crude distillation unit
*As on 27/10 (CDU) at its Vizag refinery which would raise overall capacity to nearly 300,000
barrels per day (bpd). The project, coupled with two other Greenfield refineries, is
expected to boost HPCL's refining capacity to 990,000bpd.
From Around The Globe
• Japan’s retail sales rose less than expected last month, adding to concern
consumers won’t be able to drive growth in place of slowing demand abroad.
Sales increased 1.2% in September from a year ago, the slowest pace this year.
• Major Asian markets ended mixed. Nikkei ended at 9366, down 0.2%. Hang Seng
ended at 23211, up 0.2%. Chinese markets ended mixed.
• European equities are trading positive.
• Dow Jones Futures is currently at 11089, up 17 points.
Later Today
• German Unemployment Change (October 2010)
• Euro-Zone Consumer Confidence (October Final)
Sources: Economics Times, Business Standard, Bloomberg website, BSE, NSE, RBI, CCIL, LME, kitco.com
Standard Chartered Wealth Managers is a division of Standard Chartered-STCI Capital Markets Limited
st
1 Floor, HDIL Tower, Anant Kanekar Marg, Bandra (East), Mumbai-400051, India
 Consumer Equity Strategy Team
Sirshendu Basu Vice President & Head Sirshendu.basu@sc.com

Prashant Kutty Equity Strategist Prashant.kutty@standardcharteredcapitalmarkets.com

Errol Crasto Senior Derivative Strategist Errol.crasto@standardcharteredcapitalmarkets.com

Ashish Pai Derivative Strategist Ashish.pai@standardcharteredcapitalmarkets.com

Shamshad Gunturi Technical Strategist Shamshad.gunturi@standardcharteredcapitalmarkets.com

Soumen Das, CMT Senior Technical Strategist Soumen.das@standarcharteredcapitalmarkets.com

Jidnyasa Kulkarni Editor Jidnyasa.kulkarni@standardcharteredcapitalmarkets.com

Priya Iyer Production Executive Priya.iyer@standardcharteredcapitalmarkets.com

THIS DOCUMENT HAS BEEN PRODUCED FOR THE PURPOSE OF MARKETING AND IS NOT AN INDEPENDENT RESEARCH REPORT

DISCLAIMER
This document and/or trading calls are issued by Consumer Equity Strategy Team of Standard Chartered Wealth Managers
(“SCWM”), a division of Standard Chartered-STCI Capital Markets Limited, a registered broker regulated by the Securities
and Exchange Board of India. This is not research material and it does not represent the views of the Standard Chartered
Group, particularly those of the Global Research function. This document is not independent of Standard Chartered’s own
trading strategies or positions. Therefore, it is possible, and you should assume, that Standard Chartered has a material
interest in one or more of the financial instruments mentioned herein. Opinions, projections and estimates are subject to
change without notice. This document and/or the trading calls are for information purposes only. It does not constitute any
offer, recommendation or solicitation to any person to enter into any transaction or adopt any hedging, trading or investment
strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any
such future movements will not exceed those shown in any illustration.

The data, opinions and other information that form the basis of this document and/or the trading calls may be provided by
third parties for SCWM. While all reasonable care has been taken in preparing this document and/or the trading calls, and
the information in it is believed to be reliable, it has not been independently verified by SCWM. Any opinions or views of
third parties expressed in this material are those of the third parties identified, and not of SCWM.

The trading calls and/or contents of this document are not made with regard to the specific investment objectives, financial
situation or the particular needs of any particular person. Any investments discussed may not be suitable for all investors.
Past performance is not necessarily indicative of future performance; the value, price or income from investments may fall
as well as rise. You are advised to exercise your own independent judgment (with the advice of your professional advisers
as necessary) with respect to the risks and consequences of any matter contained herein. We expressly disclaim any
liability and responsibility for any losses arising from any uses to which this communications is put and for any errors or
omissions in this communications.

This communication is intended for the recipient only and no further distribution of this communication or any part thereof is
permitted.

Standard Chartered Wealth Managers is a division of Standard Chartered-STCI Capital Markets Limited
st
1 Floor, HDIL Tower, Anant Kanekar Marg, Bandra (East), Mumbai-400051, India