PATERSON SECURIT IES PVT LTD

Indian Market Research

Daily Market Summary Friday, 30 April, 2010

HIGHLIGHTS SUMMARY

Profit booking in late trade capped gains on the domestic bourses as

 India Cement Q4 net dips 60%
European stocks fell in volatile trade on unease over euro zone
 Allahabad Bank Q4 net dips 15% sovereign debt levels. The BSE 30-share Sensex was up 55.24 points
or 0.32%, off 87.90 points from the day's high. Most Asian stocks
 Tech Mahindra FY10 net down 25% rose. The market surged in early trade on positive global cues. It
 IFCI Q4 net up 71% at Rs 2.43 Billion extended gains in morning trade. The market pared gains in mid-
morning trade on profit booking in select pivotals. The market
 BEL Q4 net declined 64% to Rs 2 Billion regained strength in early afternoon trade. The market once again
 To hike tyre prices by 3.5% on May 1: Ceat pared gains in afternoon trade. The market held positive zone in mid-
afternoon trade, tracking gains in European stocks. The market was
 Tata Motors launches new Indica Vista Drivetech4 further off the day's high in late trade as European stocks declined in
 BMW launches sixth-gen 5-Series priced at Rs 3.89-4.59 Mn volatile trade.

INDEX MOVEMENTS

INDEX Prev. Close Open High Low Close Gain / Loss Gain / Loss %
Sensex 17,503.47 17,503.47 17,646.61 17,503.47 17,558.71  55.24 0.32
S&P CNX Nifty 5,254.15 5,254.20 5,294.80 5,254.20 5,278.00  23.85 0.45
S&P CNX 500 4,338.25 4,365.15 4,374.80 4,360.05 4,368.10  29.85 0.69
CNX Nifty Junior 10,918.75 10,950.80 11,103.15 10,950.80 11,082.10  163.35 1.50
CNX Midcap 7,943.70 7,998.95 8,071.95 7,998.95 8,061.10  117.40 1.48
CNX IT 5,938.55 5,947.85 6,021.75 5,914.70 5,985.80  47.25 0.80
CNX 100 5,203.45 5,218.60 5,246.80 5,218.60 5,235.80  32.35 0.62
BANK Nifty 9,803.80 9,809.40 9,923.15 9,809.40 9,870.35  66.55 0.68
NIFTY GAINERS NIFTY LOSERS

Company Name Curr. Price Prev. Price Gain % Company Name Curr. Price Prev. Price Loss %
BPCL 520 491.3  5.84 AMBUJACEM 120.1 124.05  3.18
HEROHONDA 1909 1832.55  4.17 WIPRO 671.3 689.85  2.69
TATAMOTORS 873.95 842.55  3.73 TATASTEEL 619 632.65  2.16
UNITECH 85.35 82.85  3.02 ABB 793 803  1.25
NTPC 209 203.2  2.85 SAIL 219.2 221.6  1.08

COMMODITY & CURRENCY MARKET ASIAN MARKETS & INSTITUTIONAL ACTIVITY ON NSE & BSE

Currency Curr. Rate Index Closing Gain / Loss Var. %

USD 44.4425 Hangseng 21,108.59  329.67  1.59
EUR 58.8500 Nikkei-225 11,057.40  132.61  1.21
100 YEN 47.2400 Shanghai Composite 2,870.61  2.18  0.08
Straits Times 2,974.61  15.60  0.53
Taiwan Weighted 8,004.25  49.80  0.62

Commodity (Futures) Prev. Day Curr. Day Category Buy Value Sell Value Net Value
Brent Crude (USD / bbl) 86.900 87.410 FII-29 April -2010 3,889.56 3,799.12  90.44
Gold (USD / t. Oz) 1,168.80 1,176.10 DII-29 April -2010 1,402.45 1,135.69  266.76
Silver (USD / t. Oz) 18.579 18.660

Disclaimer

This publication has been prepared solely for information purpose and does not constitute a solicitation to any person to buy or sell a security. While the information contained therein
has been obtained from sources believed to be reliable, investors are advised to satisfy themselves before making any investments. Paterson Securities P Ltd. has not independently
verified all the information given in this document. Accordingly, no representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the
information and opinions contained in this document. Paterson Securities P Ltd. does not bear any responsibility for the authentication of the information contained in the reports and
consequently, is not liable for any decisions taken based on the same. Further, Paterson Research Reports only provide information updates and analysis. As per SEBI requirements it is
stated that, Paterson Securities P Ltd. and/or individuals thereof may have positions in securities referred herein and may make purchases or sale thereof while this report is in
circulation.

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Friday, 30 April, 2010

OVERVIEW

European shares drifted lower in volatile trade on unease over euro zone sovereign debt levels. The key benchmark indices in France and UK fell 0.56% and
0.59% respectively. However Germany's DAX rose 0.20%. Greece is facing financial crisis and the likelihood of default on sovereign loans of over $50 billion
has prompted the Standard and Poor's to downgrade country's credit rating to junk grade. Japan's central bank on Friday voted unanimously to keep its key
policy interest rate at near zero as widely expected. The Bank of Japan also kept its special monetary stimulus programs unchanged. US stocks surged on
Thursday, 29 April 2010, on waning fears over the euro zone debt crisis. The Dow Jones Industrial Average rose 122.05 points or 1.10% to 11,167.32. The
Nasdaq composite gained 40.19 points or 1.63% to 2,511.92 and the Standard & Poor's 500 index was up 15.42 points or 1.29% to 1,206.78.

ECONOMIC AND POLITICAL HEADLINES GLOBAL NEWS

 Consumer price index (CPI) rose 14.86 percent in March from a year  The U.S. economy probably expanded in the first quarter, capping the
earlier, unchanged from February's annual rise, government data biggest six-month gain since 2003, as consumers spent more freely,
showed on Friday. economists said before a government report today.
 The government on Friday said that it plans to come out with the new  Greek Prime Minister George Papandreou said the nation’s survival
inflation series, which will give a better reflection of price movements in was at stake in talks to win a potential $159 billion European Union-led
the country, by July. bailout that included budget cuts denounced by unions as “savage.”.
 Four state-owned companies--ONGC, SAIL, NTPC and IOC--are likely  The record rally in corporate bonds is showing signs of cracking, with
to get the Maharatna status next month that will allow them to take yields rising the most in 13 months relative to government debt and
investment decisions of up to Rs 50 Bn independent of the government. new sales falling to the lowest level this yearad
 India's foreign exchange reserves fell to $279.476 billion as of April 23,
 Industrial & Commercial Bank of China Ltd. and China Construction
from $280.089 billion a week earlier, the central bank said in its weekly
Bank Corp. posted the largest first-quarter profits among the world’s
statistical supplement on Friday
banks, powered by the fastest economic growth in three years.
 The government has set up a high-level expert committee headed by  Almatis, a German alumina-products maker owned by Dubai
Prime Minister’s Economic Advisory Council chairman C Rangarajan International Capital LLC, filed for Chapter 11 bankruptcy protection,
to suggest measures for efficient management of public expenditure. paving the way for Oaktree Capital Management LLC to seize control
of the company.

EQUITY MARKETS & SECTOR PERFORMANCE INDUSTRY NEWS & TRENDS

 Metal stocks pared gains; ended negative.  The finance ministry has shot down an anti-dumping duty proposed by
a key government body on import of certain drug inputs from China
 Realty trimmed losses; Indiabulls Real Est gained 6.61%
and Mexico for fear that prices of some popular antibiotics could flare
 Auto, Healthcare & Consumer durables were amongst major gainers. up.
 Out of 2998 scrips traded over BSE, 1682 advanced & 1215 declined  The government stuck to its stance on raising duties on petroleum
products to reduce the strain on the exchequer, which the opposition
Sector Average Var. % parties termed inflationary
REALTY 1.77
AUTO 1.51 Auto 
HC 1.12 BFSI 
CD 1.02 Construction 
IT 0.85 Consumer goods 
OIL&GAS 0.85 Energy 
PSU 0.73 Ind. Manufacturing 
TECk 0.71 IT 
BANKEX 0.55 Metals 
CG 0.54 Telecom 
POWER 0.53 N.B. Shows Trends for last trading sessions & current day chronologically
FMCG 0.19
METAL (0.41)

BONDS, T-BILLS & IPOs COMMODITIES

 Current Issues at NSE : Talwalkars Better Value Fitness Ltd & Nitesh  Gold was up half a percent on Friday, after a brief spike to a fresh
Estates Limited, Tarapur Transformers Ltd, Mandhana Industries, Tara 2010 high.
Health Foods Ltd, Jaypee Infratech & SJVN Ltd
 India, the world's largest consumer of sugar, imported 34.56 lakh
 Forthcoming issues at NSE : No issues in pipeline tonnes of the sweetener between October and April 19 of the 2009-10
marketing year, Parliament was informed on Friday
 Bond yields were steady on Friday as traders awaited the result of the
$2.7 billion bond auction around 0900 GMT to gauge the market
demand for debt.

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Indian Market Research – Daily Market Summary
 PATERSON SECURIT IES PVT LTD
Friday, 30 April, 2010

CORPORATE ANNOUNCEMENTS

 Essar Energy set the price for its London IPO at 420 pence per share, a source familiar with the matter said on Friday, below the targeted price range
of 450-550
 Private sector lender Yes Bank will expand its branch network to 750 in the next five years, from 150 now, as it looks to ramp up lending to retail
clients, its top official said on Thursday.
 Vijay Mallya-promoted United Breweries (UB) is planning to set up a litchi processing plant at Patahi in Bihar's Muzaffarpur district to make wine, an
official said Friday.
 Reliance Industries plans to sell gas to retail consumers in the US and will use its newly-minted partnership with Atlas Energy to try and build a brand
name in the intensely competitive market.
 Ultratech Cement said on Thursday it would acquire Dubai-based ETA Star Cement for an enterprise value of Rs 17 Bn.
 Drug maker Panacea Biotec on Friday said its pharmaceutical facility at Baddi in Himachal Pradesh has received approval from US health regulator.
 A fire at pharmaceutical major Wockhardt’s Rs 3-Bn Ankleshwar facility damaged one of its six manufacturing plants.
 Kuwait's telecom group Zain said on Thursday that the Gabon government has approved the sale of Zain Gabon to India's Bharti Airtel.

IMPORTANT DATES

 May 1: Result- Devine Impex, IOL Netcom, Mangalam Timb, Sankhya Info, Hindustan Motors, Mangalam Cem, Ratnabali Cap, Tube Invest
 May 2: Result- Central Bank
 May 3: Result- Abhishek Inds, Century Enka, Century Tex, HDFC, IDEA, JSW Steel, Kansai Nerolac, Maharashtra Seam, Mirc Elect

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