Employees Job Satisfaction in Selected B Schools in Bangalore

INTRODUCTION TO THE RESEARCH TOPIC

Background of research study
In Education sector job satisfaction of the faculty members play a vital role. Employees attitude towards their job is an important issue. Researching this issue will reduce turnover, absenteeism and increase levels of productivity. Thereby creating a win-win situation for both the employee and institute. Such a bacround has resulted in the current research Indian Education sector Education accounts for about $3 trillion of the world's economy. The General Agreement on Trade in Services (GATS), a hotly debated agreement of the WTO (World Trade Organization), is aimed at increasing trade liberalization internationally, while including education' as a service. In absolute terms, India has the third largest number of higher education enrolments after China and US. On a close scrutiny of the cause and effect relationship, one can infer that the lack of even minimal HR initiatives in the education segment is resulting in more serious HR problems to the industry which, if unattended, may derail the economys progress.

Statement of the problem

Job satisfaction is one of the best-researched in work and organizational psychology for at least two reasons. Job satisfaction is relevant for all those who are interested in the subjective evaluation of working conditions such as responsibility, task variety or communication requirements because job satisfaction is strongly caused by such conditions. Job satisfaction is also a major concern whenever outcome variables such as absenteeism, fluctuation, organizational inefficiency such as counter productive behavior or sabotage are dealt with because

INTRODUCTION
Vivekanand Degree College

Stock exchanges to some extent play an important role as indicators, reflecting the performance of the country's economic state of health. Stock market is a place where securities are bought and sold. It is exposed to a high degree of volatility; prices fluctuate within minutes and are determined by the demand and supply of stocks at a given time. Stockbrokers are the ones who buy and sell securities on behalf of individuals and institutions for some commission. The Securities and Exchange Board of India (SEBI) is the authorized body, which regulates the operations of stock exchanges, banks and other financial institutions. The past performances in the capital markets especially the securities scam by Harshad Mehta has led to tightening of the operations by SEBI. In addition the international trading and investment exposure has made it imperative to better operational efficiency. With the view to improve, discipline and bring greater transparency in this sector, constant efforts are being made and to a certain extent improvements have been made. As the condition of capital markets are constantly improving, it has started drawing attention of lot more people than before. On the career related aspects, professionals have opportunities to choose from for a wide range of jobs available in a number of organizations in this sector and one can expect to have good times ahead of him.

1.1 INDIAN CAPITAL MARKET OVERVIEW

1.1.1 Evolution Indian Stock Markets are one of the oldest in Asia. Its history dates back to nearly 200 years ago. The earliest records of security dealings in India are meager and obscure. The East India Company was the dominant institution in those days and business in its loan securities used to be transacted towards the close of the eighteenth century. Thus, at present, there are totally twenty-one recognized stock exchanges in India excluding the Over The Counter Exchange of India Limited (OTCEI) and the National Stock Exchange of India Limited (NSEIL).

1.1.2 Trading Pattern of the Indian Stock Market

Vivekanand Degree College

6 Trading in Indian stock exchanges is limited to listed securities of public limited companies. They are broadly divided into two categories, namely, specified securities (forward list) and non-specified securities (cash list). Equity shares of dividend paying, growth-oriented companies with a paid-up capital of at least Rs.50 million and a market capitalization of at least Rs.100 million and having more than 20,000 shareholders are, normally, put in the specified group and the balance in nonspecified group. Two types of transactions can be carried out on the Indian stock exchanges: (a) spot delivery transactions "for delivery and payment within the time or on the date stipulated when entering into the contract which shall not be more than 14 days following the date of the contract: and (b) forward transactions "delivery and payment can be extended by further period of 14 days each so that the overall period does not exceed 90 days from the date of the contract". The latter is permitted only in the case of specified shares. The brokers who carry over the outstanding pay carry over charges (cantango or backwardation), which are usually determined by the rates of interest prevailing. A member broker in an Indian stock exchange can act as an agent, buy and sell securities for his clients on a commission basis and also can act as a trader or dealer as a principal, buy and sell securities on his own account and risk, in contrast with the practice prevailing on New York and London Stock Exchanges, where a member can act as a jobber or a broker only. The nature of trading on Indian Stock Exchanges are that of age old conventional style of face-to-face trading with bids and offers being made by open outcry. However, there is a great amount of effort to modernize the Indian stock exchanges in the very recent times.

1.1.3 Over The Counter Exchange of India (OTCEI) The traditional trading mechanism prevailed in the Indian stock markets gave way to many functional inefficiencies, such as, absence of liquidity, lack of transparency, unduly long settlement periods and benami transactions, which affected the small investors to a great extent. To provide improved services to investors, the country's first ring less, scrip less, electronic stock exchange - OTCEI - was created in 1992 by country's premier financial institutions - Unit Trust of India, Industrial Credit and Investment Corporation of India, Industrial Development Bank of India, SBI Capital Markets, Industrial Finance Corporation

Vivekanand Degree College

of India, General Insurance Corporation and its subsidiaries and Can Bank Financial Services. Trading at OTCEI is done over the centers spread across the country. Securities traded on the OTCEI are classified into: Listed Securities - The shares and debentures of the companies listed on the OTC can be bought or sold at any OTC counter all over the country and they should not be listed anywhere else Permitted Securities - Certain shares and debentures listed on other exchanges and units of mutual funds are allowed to be traded Initiated debentures - Any equity holding at least one-lakh debentures of particular scrip can offer them for trading on the OTC. OTC has a unique feature of trading compared to other traditional exchanges. That is, certificates of listed securities and initiated debentures are not traded at OTC. The original certificate will be safely with the custodian. But, a counter receipt is generated out at the counter, which substitutes the share certificate and is used for all transactions. In the case of permitted securities, the system is similar to a traditional stock exchange. The difference is that the delivery and payment procedure will be completed within 14 days. Compared to the traditional Exchanges, OTC Exchange network has the following advantages: _ OTCEI has widely dispersed trading mechanism across the country, which provides greater liquidity and lesser risk of intermediary charges. _ Greater transparency and accuracy of prices is obtained due to the screenbased scrip less trading. _ since the exact price of the transaction is shown on the computer screen, the investor gets to know the exact price at which s/he is trading. _ Faster settlement and transfer process compared to other exchanges. _ In the case of an OTC issue (new issue), the allotment procedure is completed in a month and trading commences after a month of the issue closure, whereas it takes a longer period for the same with respect to other exchanges. Thus, with the superior trading mechanism coupled with information transparency investors are gradually becoming aware of the manifold advantages of the OTCEI.
Vivekanand Degree College

1.1.4 National Stock Exchange (NSE) With the liberalization of the Indian economy, it was found inevitable to lift the Indian stock market trading system on par with the international standards. On the basis of the recommendations of high-powered Pherwani Committee, Industrial Development Bank of India, Industrial Credit and Investment Corporation of India, Industrial Finance Corporation of India, all Insurance Corporations, selected commercial banks and others incorporated the National Stock Exchange in 1992. Trading at NSE can be classified under two broad categories: (a) Wholesale debt market and (b) Capital market. Wholesale debt market operations are similar to money market operations institutions and corporate bodies enter into high value transactions in financial instruments such as government securities, treasury bills, public sector unit bonds, commercial paper, certificate of deposit, etc. There are two kinds of players in NSE: (a) Trading members and (b) Participants. Recognized members of NSE are called trading members who trade on behalf of themselves and their clients. Participants include trading members and large players like banks who take direct settlement responsibility. Trading at NSE takes place through a fully automated screen-based trading mechanism, which adopts the principle of an order-driven market. Trading members can stay at their offices and execute the trading, since they are linked through a communication network. The prices at which the buyer and seller are willing to transact will appear on the screen. When the prices match the transaction will be completed and a confirmation slip will be printed at the office of the trading member. NSE has several advantages over the traditional trading exchanges. They are as follows: _ NSE brings an integrated stock market trading network across the nation.

Vivekanand Degree College

_ Investors can trade at the same price from anywhere in the country since inter-market operations are streamlined coupled with the countrywide access to the securities. _ Delays in communication, late payments and the malpractices prevailing in the traditional trading mechanism can be done away with greater operational efficiency and informational transparency in the stock market operations, with the support of total computerized network. Unless stock markets provide professionals service, small investors and foreign investors will not be interested in capital market operations. And capital market being one of the major sources of long-term finance for industrial projects, India cannot afford to damage the capital market path. In this regard NSE gains vital importance in the Indian capital market system.

1.1.5 Bombay Stock Exchange(BSE) - Sensex For the premier Stock Exchange that pioneered the stock broking activity in India, 128 years of experience seems to be a proud milestone. A lot has changed since 1875 when 318 persons became members of what today is called "The Stock Exchange, Mumbai" by paying a princely amount of Re1. Since then, the country's capital markets have passed through both good and bad periods. The journey in the 20th century has not been an easy one. Till the decade of eighties, there was no scale to measure the ups and downs in the Indian stock market. The Stock Exchange, Mumbai (BSE) in 1986 came out with a stock index that subsequently became the barometer of the Indian stock market. SENSEX is not only scientifically designed but also based on globally accepted construction and review methodology. First compiled in 1986, SENSEX is a basket of 30 constituent stocks representing a sample of large, liquid and representative companies. The base year of SENSEX is 1978-79 and the base value is 100. The index is widely reported in both domestic and international markets through print as well as electronic media. The Index was initially calculated based on the "Full Market Capitalization" methodology but was shifted to the free-float methodology with effect from September 1, 2003. The "Free-float Market Capitalization" methodology of index construction is regarded as an industry best practice globally. All major index
Vivekanand Degree College

providers like MSCI, FTSE, STOXX, S&P and Dow Jones use the Free-float methodology.

Due to is wide acceptance amongst the Indian investors; SENSEX is regarded to be the pulse of the Indian stock market. As the oldest index in the country, it provides the time series data over a fairly long period of time (From 1979 onwards). Small wonder, the SENSEX has over the years become one of the most prominent brands in the country. The growth of equity markets in India has been phenomenal in the decade gone by. Right from early nineties the stock market witnessed heightened activity in terms of various bull and bear runs. The SENSEX captured all these events in the most judicial manner. One can identify the booms and busts of the Indian stock market through SENSEX.

RESEARCH DESIGN
Vivekanand Degree College

Title: Volatility in Indian Stock Market

Objectives: To study volatility in Indian stock market while taking SENSEX of Bombay stock exchange as a source of secondary data which broadly represent Indian stock market along with NIFTY of National stock exchange. To study the factors which are making Indian stock market volatile. To furnish institutional material relevant for understanding the environment in which stock market fluctuation are occurring. Scope: This study can be used by investors, traders and other professionals as a Supplement to their own research. Hypothesis :

This is the exploratory research which tries to shows the factors which are making stock market volatile. Any fluctuation in foreign market has more effect on Indian stock market than that of domestic market. In the given volatile economic conditions, the market is efficient to any news and information.

Sources of data :

Data used in this study is of secondary in nature. Sensex and Nifty is taken as a source of information which widely describes Indian stock market. Here monthly prices of both indexes are taken for the study purpose. Limitations of the study: The main limitation of the study was time constraint

Vivekanand Degree College

COMPANY PROFILE
Share khan is a retail broking arm of s.s kantilal ishwarlal investors services pvt ltd,an organization with more than8 decades of trust and credibility in stock market .share khan ltd (formally sski investors services pvt ltd ) was prometed by mr.shripal.s morakhia nad mr.shreyas .s morakhia.it is currently indiaslargest broking house.ti is a member of the stock exchnges,mumbai.it is a depository paricipant of nsdl and csdl . Its busniess includes stock broking, depository services, portfolio management and derivates. The companys corespecialty lies in its retail distribution with a large network of branches i.e. 519 share shops (retail shops) in 170 cities in india and sub- broker/authorized persons. Tis strength lays in its investment research capabilities. its research division has several analysts continuously monitoring global, national and economy in general ,the sectors and companies they research which helps them if offerings quality research and advice to the clients. Nature of business carried: Share khan is a stock broking company. The company offers a complete range of pre trade, trade and post trade services on the BSE (Bombay stock exchange) and NSE (national stock exchanges). Whether the client come in to the companys conventionally located offices and trade in a dedicated environment or issue instruction over the phone, our highly trained team and sophisticated equipment ensure smooth transaction and prompt Investment Advisory services Facilitation services to retail investors, corporate. Depository services Investment option includes: 1. Online trading (includes equity, derivates) 2 .commodities trading 3. Mutual funds 4. Portfolio management services Share khan branches are conceptualized to be place where investors can come in contact with investment opportunities in an atmosphere of convenience and comfort .our services are available through our network of 510 share shops spanning 170 major towns and cities in the country.

Vivekanand Degree College

Professional seeks to educate clients and their confusion by custom an investment plan according to the needs of clients and is also today a part of companys induction program advising employees on how to plan their investments.

Vision:
Vision refers to the category of intentions that are broad all inclusive and forward thinking. A vision describers aspiration for the future without specifying the means that will be used to achieve those desired ends. Share khan practises customer centric approach to be the leading broking firm. Our company vision is To be the top most company for providing investment advisory and financial planning services in india To be leading investment intermediary for transaction through both online and offline medium.

Mission:
A vision becomes more tangible in the form of a mission statement. Such statement can verbalize the beliefs and the directions of the organisation. Most mission statement is more specific than anyones visionary thinking but they are still hardly concrete direction for action. Therefore, a mission statement tries to make vision more specific. To educate and empower the individual investor to make better investment decision through quality advice and superior service.

Educate & Empower

1. Research backed advice which is easy to understand, retail specific and discipline. 2. Total equity solution for the entire investment process 3. Relationship management

Vivekanand Degree College

Superior services
1. Integrity 2. Transparency 3. Professionalism 4. information-product, news, operations 5. Hassle free trading 6. Enjoyable experience

Milestone of SSKI:
1922:the SSKI started its operation in stock broking 1922:the SSKI became the first member in the BSE as institutional broker 1984:ventured into corporate finance 2002:the site was launched on February 8th in online trading 2002:the next generation technology product speed trade was launched ohm April 17th 2002:theadvanced technology on the online business speed trade plus was launched on October 28 tie for derivating trading 2006:the SSKI crossed US $8 billion of private equity dea

Achievments Of Sharekhan:
Rated among the top 20 wired companies along with reliance, HLL, Infosys ,etc by business today , January 2004 edition Awarded top domestic brokerage house four times by euro money and Asia money Pioneers of online trading in India amongst the top3 online trading websites from India. Most preferred financial destination among online broking customers Winners of best financial website award Indias most preferred brokers within 5 years.awaaz consumers award 2005s

Future Plans:
2,00,000 plus retail customers being through centralized call centres/web solutions Branches /semi branches servicing affluent /regressive traders through high skill financial advisor

Vivekanand Degree College

250 independent Investment manager/franchisee servicing 50,000 highly valued clients New initiatives portfolio management services and commodities trading

Ownership Pattern:
The shareholders of SSSKI investor pvt ltd are shripal morkhia,mr.shreyas morkhia ,and foreign private equity funds and keys employees of the company. The key promoter of the company is shirpal morkhia who as on march 31,2005 along with his family owns 55.47% of the paid ip capital of the company and the remaining balance i.e. 54.53%is HSBC,CARLYE,and INTEL PACIFIC.

Infrasructure Facilities:
SHARE KHAN Outlets are designed to be places where retail investors can come in touch investment opportunities in an atmosphere of convince and comfort. The look and feel of the offices across india projects a consistent branch image for the company .the feature that enable a unique facility for retailing financial services include among other.

PRODUCT PROFILE
The share khan provides trade execution facility for equity, commodity backed with investment and derivatives.

Equity trading
Equity trading a product which represents ownership capital. Those shares of the company, which are listed in NSE and BSE, can be purchased and sold through brokers.

Commodity trading
It comprises of raw material and products that can be traded on special commodity exchanges across the country. The share is founder of two major commodity exchanges, the mix and codex and offers trading facility for the following commodities and both these exchanges: Bullion: gold and sliver Oil and oil seed: castor ,soya rapeseed/mustard oil, crude palm oil, RBD palmolein Soft commodities :cotton Spices and plantation: pepper and rubber

Vivekanand Degree College

Derivatives trading
Derivatives are product which derives their values from the underlying asset or securities in a contractual manner. The underlying asset can be Equity, commodity or any other asset

Types of derivates
The most commonly used derivate contract is forward, future and option. 1. Forwards: a forward is customised contract between two entities, where settlement takes place on a specific date in the future at todays pre agreed price. 2.Futures: a future contract is an agreement between two parties buy and sell an asset at a certain time in the future at certain price. Future contract are special types of forward contract in the sense that the former are standardized exchange trade contract 3. Option: options are two types calls and puts. Call gives the buyer the right but not the obligation to buy a given quantity of the underlying asset, e share at given price on or before.

Services
Share khan is a complete services orient organization serves a vast range of customers all over India. The trading services are design to offer an easy ,hassle free trading experience and the customer will be entitle to a host of value added services ,intended to assist investment process depending on investors styles. The main services provided by the share khan is Depository services, online trading, classic, trade tiger and speed trade plus

Depository services
A depository can be as an institution where the investor can keep their financial asset such as equities etc., in the dematerialised form and the transaction could be effected on it

On line trading :
With a share khan online trading account ,an investor can buy and sell shares through the web site www.sharekhan.com in an instant .share khan offers three types of online trading account that suits investors trading habits and preferences.

Vivekanand Degree College

An online product offered by share khan is as follows: Online product s 1. Classic accounts 2. Trade tiger 3. Speed trade plus

1.classic account
This account allows the client to the trade throughout website and is suitable for the retail investors. Our online trading websites also comes with daily trade services that enable you to buy and sell shares by calling their dedicated toll free number. This account for retail investor who is risk averse and hence prefer to invest in stock selectively or who does not frequently. The account opening charge for classic account is 750/- in which client will get the DEMAT a/c free for one year, after one year client should pay an annual maintenance of rupees 300/- demat account.

2.Trade tiger:
Trade tiger is a next generation online trading product that brings the power of your brokers terminal to your PC.It is ideal for active traders who transact frequently during days trading session capitalise on the into day price movements .trade tiger is an internet based application available on a CD, which provides everything a trader needs on one screen , thereby, reducing the required to execute a trade . Trade tiger has all the above mentioned features with the power in cash and derivates from a single screen. For this account opening charge is 1000/-.the brokerage charged for both 3account is 33%margin and 100%delivery.

Speed trade
A speed trade plus has all the above mention future with an additional functionality of trading in derivatives from the same single screen inter face

Basis of trading:
The NEAT F&O system supports an order driven market, where in orders match automatically. Order matching is essential on the basis of security ,its price ,time and quantity .all quantity fields are in units and prices in rupees. The lot size in the futures market is for 200 nifities the exchanging notifies the regular lot size an ticks sizes for each of the contracts traded in the segment from time to time .when any order enters the
Vivekanand Degree College

trading system, it is an active order. It tries to find a match on the other side of the book if it finds a match ,a trade is generated. If it does not find a match , the order becomes passives and goes and sits in the respective outstanding order book in the system.

Order type and conditions

The system allows the trading member to enter orders with various conditions attached to them as per their requirements. This condition is broadly divided into the following categories

Time conditions
Day order :a day which is valid for the day on which it is entered . if the order is not executed during the day, the system cancels the order automatically at the end of the day. Good till cancelled:it is the order remains in the system until the user cancels it. The maximum number of days an order can remaining the system is not notified by exchange from time to time after which the order is automatically cancelled by the system. Good till days: an order allows the user to specify the number of days till which the order should stay in the system is not executed. The maximum days allowed by the system are the same as in good till cancelled order Immediate or canceal: an immediate or cancels order allows user to buy or sell a contract as soon as order is released into the system, failing which the order is cancelled from the system .partial match is possible for the order and the unmatched portion of the order is cancelled immediately. Price condition Stop loss : this facility allows the user to release an order in to the system , after the market price of the security reaches or crosses a threshold prices. Other condition Market price: market orders are orders for which no price at the time the orders are entered. For such orders, the system determines the price. At opening price: price it is the price arrived at by the system after the pre open phase is over. Trigger price: price at which an order gets triggered from stop-loss book. Limit price :price of the order after triggering from stop-loss book.

Vivekanand Degree College

Services offered by share khan The following services are offered:

1.trading facilities:
Share khan as a member of NSE&BSE provides both offline and online trading facilities nationwide for trading the securities in secondary market to its clients .the companys wide network of outlet spread across the country facilities to executives the orders in secondary market.

2. derivatitives : (futures and options)

The company also facilitates the trading system for trading in secondary market under future and options segment of NSE and BSE . the equity dealers in the company will be eager to give insights into new sets introduction in the Indian Capital Market and option.

3.depository services:
Share khan is a depository participant of national securities depository limited and central depository and securities limited. Share khan will open DE-mat account , which will investors to convert physical certificates of shares into electronic balances in an account maintained.

4.Margin financing:
In the present rolling settlement scenario,sharekhan understand investors need for additional capital availability for daily purchaser share. It offers unique facility avail finance, for purchasing shares at very competitive interest rates.

5. IPOs and Mutual funds:

Share khan offers the change of investing in the potentially lucrative IPO market .share khan is a distribution house for all mutual funds . this is news scheme introduced by the company and it also offers scheme catering to investor with varying risk return profiles

6.stock lending and borrowing:

One can place an order of shares with share khan. It is approved intermediary of the security or lending scheme . these would be sent out the borrowers , these earnings fees for all investors idle share .thus share fulfils the investor need for borrowing and lending of shares.
Vivekanand Degree College

7.equity research:
Share khan has a highly rated research using involved in macroeconomic studies, industry and company specific equity research. The research teams input will be available as daily trading calls, quarterly investment picks and long term investment picks, based on the fundamental of particular company and the industry as a whole.

8.trading .
Investor can also trade their securities through this facility by logging into companys web site. The virtual world that share khan trading services through.

9. portfolio management services:

Share khan is a registered portfolio manager with SEBI to manage portfolios on behalf of client with a discretionary and non discretionary right . this service is a provision for those who may not have the time to manage their stock investment or require the services of company s highly specialized profession team.

10.other services
Free access to investment advices from share khan s research team share khan value line(a monthly publication with review of recommendations stocks to watch out) Daily research reports and market review (high noon and eagle eye) Daily trading calls technical analysis Cool trading products (daring derivates and market strategy) Personalised advice Live management information Internet based online trading (Online BSE &NSE execution through BOLT &NEAT terminals)

DATA ANALYSIS AND INTERPRETATION

Vivekanand Degree College

Nifty January 2010

Date
29-jan-10 28-jan-10 27-jan-10 25-jan-10 22-jan-10 21-jan-10 20-jan-10 19-jan-10 18-jan-10 15-jan-10 14-jan-10 13-jan-10 12-jan-10 11-jan-10 08-jan-10 07-jan-10 06-jan-10 05-jan-10 04-jan-10

Open
4866.15 4863.00 5008.50 5034.55 5094.15 5220.20 5226.10 5,274.20 5,253.65 5,259.90 5,234.50 5,212.60 5,251.10 5,263.80 5,264.25 5,281.80 5,278.85 5,277.15 5,200.90

High
4893.70 4929.90 5008.50 5035.70 5094.15 5220.35

Low
4766.00 4824.95 4833.05
4983.05 4954.85 5085.45

Close
4882.05 4867.25 4853.10 5007.90 5036.00 5094.15 5221.70 5,225.65 5,274.85 5,252.20 5,259.90 5,233.95 5,210.40 5,249.40 5,244.75 5,263.10 5,281.80 5,277.90 5,232.20

5256.70

5201.40

5,287.80 5,292.50 5,279.85 5,272.85 5,239.20 5,300.50 5,287.20 5,276.75 5,302.55 5,310.85 5,288.35 5,238.45

5,218.65 5,228.95 5,242.45 5,232.50 5,169.55 5,200.95 5,227.80 5,234.70 5,244.75 5,260.05 5,242.40 5,167.10

Sensex on January 2010

Vivekanand Degree College

Date 29-jan-10 28-jan-10 27-jan-10 25-jan-10 22-jan-10 21-jan-10 20-jan-10 19-jan-10 18-jan-10 15-jan-10 14-jan-10 13-jan-10 12-jan-10 11-jan-10 08-jan-10 07-jan-10 06-jan-10 5-jan-10 4-jan-10

open 16,253.82 16,317.16 16,708.60 16,847.70 16,978.36 17,474.49 17,486.69 17,650.82 17,538.72 17,604.31 17,525.71 17,368.03 17,534.10 17,724.59 17,603.87 17,701.97 17719.47 17555.77 17473.45

High 16,390.31 16,524.69 16,708.60 16,877.77 17,000.33 17,474.49 17,590.59 17,664.86 17,712.60 17,639.85 17,628.04 17,528.31 17,612.00 17,776.57 17,658.12 17,733.34 17790.33 17729.78 17582.84

Low 15,982.08 16,182.14 16,230.85 16,705.56 16,608.09 17,025.26 17,425.05 17,463.78 17,505.50 17,529.11 17,525.71 17,276.46 17392.55 17500.79 17,508.96 17,566.54 17636.71 17555.77 17378.38

Close 16,357.96 16,306.87 16,289.82 16,780.46 16,859.68 17,051.14 17,474.49 17,486.06 17,641.08 17,554.30 17,584.87 17,509.80 17,422.51 17,526.71 17,540.29 17,615.72 17701.13 17686.24 17558.73

Vivekanand Degree College

NIFTY JANUARY 2010

5400 5350 5300 5250 5200 5150 5100 5050 5000 4950 4900 4850 4800 4750 4700 Open High Low Close

SENSEX JANUARY
Vivekanand Degree College

16100

16300

16500

16700

16900

17100

17300

17500

17700

17900

Vivekanand Degree College

04/01/2010 05/01/2010 06/01/2010 07/01/2010 08/01/2010 09/01/2010 10/01/2010 11/01/2010 12/01/2010 13/01/2010 14/01/2010 15/01/2010 16/01/2010 17/01/2010 18/01/2010 19/01/2010 20/01/2010 21/01/2010 22/01/2010 23/01/2010 24/01/2010 25/01/2010 26/01/2010 27/01/2010 28/01/2010 29/01/2010 Low High Close Open

Daily analysis for the month of january

January 1st Sensex Jumped 81% Last Year The Manmohan Singh government and the Reserve Bank of India governor Duvvuri Subbarao slashed taxes and opened the floodgates of liquidity boosting people morale that brought back global investors. That saw the benchmark Sensitive Index of the Bombay Stock Exchange surge 81% during the year, just a shade below the 82% gain in 1991, the year when Manmohan Singh took charge of the finance ministry under prime minister PV Narasimha Rao. That year Sensex ended at 1,908 and in 2009, at 17,464. The index had given negative returns for just 5 years in the last two decades, with it remaining flat in 1996. One of the most agonising moments was in early January when Mr Ramalinga Raju, chairman of Satyam Computer Services disclosed an accounting fraud, leading to the stock crashing more than 85% in a couple of sessions. That incident made the question of corporate governance in India rear its head once again, after a decade of painful image building. For the first time ever, Indian stock markets were shut for soaring unbelievably. Previous shut downs were only to avoid crashes. The Sensex soared 17% that Monday. Global investors followed. The tally this year is more than $17 billion of investments, more than what they took home a year before.

5th January Nifty upside limit seen at 5300 level

THE Nifty closed at yearly highs and Nifty futures closed at a premium to the spot, suggesting an upward momentum in the index. The ongoing rally may continue amid concerns of being overbought, as deep-in-the-money call options open interest (OI) either has declined or turned out to be negative. Nifty open interest Put Call Ratio (PCR) remained
Vivekanand Degree College

close to 1.20 and Nifty volume PCR stood at 1.27. The Call options implied volatility (IV) remains higher than Put option at around 24%, suggesting higher demand for Call options. Nifty Call options IV is rising, along with falling Nifty PCR, which can dampen the sentiment. The Nifty long straddle 5300 strike of the January expiry has reported the lowest implied volatility for both Call options and Put options, suggesting writing of straddles has occurred at these levels. This means the Niftys upside could be capped around 5300 levels, before making a further upmove. Infosys options has attracted a lot of interest ahead of quarterly numbers on January 12. Usually, stock options IV increases ahead of its quarterly numbers and falls after the announcement. Currently, 2600 Call option premiums are at around Rs 80 and Put option premiums at Rs 65. One can buy one lot each at a cost of around Rs 29,000. 6th janaury Sensex hits 23-mth high with 128-pt rise

THE Bombay Stock Exchange benchmark index Sensex on Tuesday surged by over 127 points to touch a 23-month high on sustained buying by funds in heavyweight stocks led by metals, mostly copper and aluminium stocks.

The Sensex had a gap-up opening of over 171 points and closed the day with a gain of 127.51 points to close at 17,686.24, a level seen in February 2008. The key index touched the days high of 17,729.78. This is the second consecutive rally of the market after the first trading session of the year on Monday when the index gained 94 points. The broader NSEs Nifty also rose by 45.70 points to 5,277.90, after touching a high of 5,288.35. The rally was mostly attributed to rising interest in metal stocks followed by realty and technology sector stocks. However, a further fall in the Reliance Industries, which is the heaviest counter among the Sensex scrips, by Rs 5. Indias largest copper producer Sterlite gained 4.9% after prices of the metal in London, New York and Shanghai reached 16-month highs on Monday. Cairn India, an oil explorer, climbed 3.6% after crude futures in New York reached the highest settlement since October 2008. Biggest aluminium maker in the country Hindalco Industries rose 7.2%, while National
Vivekanand Degree College

Aluminium Co jumped 15%. Both stocks rose to their highest in 19 months after Aluminum Corp of China increased alumina prices.

Godrej Properties rose 9.6% to Rs 537.25 in its debut on stock exchanges on Tuesday. The company raised Rs 470 crore in an initial share sale at a price of Rs 490 each. Dr Reddys Laboratories advanced 3.1% to Rs 1,177.45.

Overseas funds bought a net $178.7 million of domestic equities on December 31, taking their investments in stocks last year to $17.7 billion, the market regulator said on Tuesday. The purchases by global investors in 2009 matched the record they invested in 2007. 7th January

The 30-share BSE index closed up 0.08%, or 14.89 points, at 17,701.13 after racing to 17,790.33 early, its highest level since February 28, 2008.

Volume was relatively high for the third consecutive day, indicating longer trading hours kicked off on Monday were boosting business. In the broader market, gainers led losers in the ratio of 1.1:1 on volume of 602 million shares.

Energy giant Reliance Industries, which has the highest weight on the Sensex, recovered 1.8% to Rs 1,088.80 after dropping as much over the two previous sessions. Financial stocks gained as investors were optimistic about their long-term prospects in a growing economy. Top lender State Bank of India climbed 0.6%, while rival ICICI Bank gained 0.9%. Infosys shed 1.4% and Wipro lost 1.7%, after rallying 131% and nearly 200%, respectively, since the start of 2009. Infosys, the No. 2 Indian outsourcer, is set to announce quarterly results on January 12. Metal stocks edged lower as investors booked profits after the previous days sharp gains. Tata Steel shed 1.1%, Hindalco dropped 2.5% and Sterlite Industries eased 0.1%. Tata Power Company rose 4.6% to Rs 1,474.10, taking gains over five sessions to 9.1%, as investors bet firm thermal coal prices would boost the companys earnings from its 30% holding in two Indonesian mines. The 50-share NSE index closed 0.1 percent higher at 5,281.80.

Vivekanand Degree College

8 th January

The benchmark indices took a breather in morning trade on the back of weak global cues and lower US index futures. IT stocks fell for the second straight day, as the rupee surged to its new 15-month high, backed by large dollar sales by foreign banks. The BSE Sensex and the NSE Nifty finally closed down by 0.5% and 0.4%, respectively. The BSE Mid-Cap Index closed flat, while the Small-Cap Index was up by 0.7%. Among the front liners, Hindalco, RIL, Tata Steel, Reliance Comm and Bharti Airtel gained between 1-2%, while Tata Motors, TCS, Grasim, Hero Honda and Infosys lost between 2-3%. In the mid cap segment, GMDC, Sobha Developers, Aban Offshore, Shree Cement and Omaxe gained between 7-10%, while Sintex Industries, Pidilite Industries, Mphasis, Guj. NRE Coke and AIA Engineering lost between 3-6%. January 9th

The benchmark Sensex closed above the 16K level to end on a positive note after a volatile session. The Sensex closed at 16,042 up 107 points after trading in the range of 16,094 15,862. The Nifty rose 32 points to settle at 4,792. Among the broader indices - the BSE Midcap and Smallcap indices gained 0.44% each. Buying interest was seen in technology, cement, pharma and banking stocks. The breadth was mixed and the volumes were low at Rs 85,059.

Fresh buying interest was seen in IT stocks. Infosys was up 2.7%, Finance Tech was up 6.7%, Wipro up 2.9%, TCS up 1.3% and HCL Tech up 1.2%.

Cement shares showed strong buying interest. Grasim was up 4.6%, ACC up 3.2%, India Cement up 4%, Ultra Cement up 3.2%.

Govt; PSU stocks were again in limelight today. STC India up 10.6%, Dredging Corp up 9%, NMDC up 9.4%, ITI Ltd up 7.6%, HMT up 10.2%.

Vivekanand Degree College

Banking stocks also led the support. Axis Bank rose 1.5%. SBI and ICICI Bank gained 0.70.9%.

Among the Sensex gainers Grasim was up 4.8%, Acc up 3.2%, Infosys up 2.9% and Reli Infra up 2%.

And the losers were DLF down 1.5%, Hindalco down 1.4%, Hind Lever down 0.7%.

11 th January

Markets remained range bound today and ended almost flat. The day saw gains in PSU, Shipping and Realty counters despite benchmark indices remaining under pressure during the day. The Sensex closed at 17,526 down 14 points after trading in the range of 17,776 17,500. The Nifty shut at 5,249 up 5 points after making an intra-day high of 5,287. The broader indices outperformed the benchmark indices as the smallcap Index continued its uptrend. The breadth remained positive. The Jan nifty future ended with 8 points premium.

Today's new listing - MBL Infrastructures closed at Rs 205.75, a premium of 14.3% over its issue price of Rs 180 per share. Realty stocks gained in todays trade. The BSE realty index jumped 2.6%. Unitech surged 4.4% and IBREL was up 3%.

Auto and IT counters also closed in the green today. The BSE auto index rose 0.9% and the IT index was also up 0.9%.

In the auto space, Amtek Auto advanced 5.8% and Exide rose 4.7% In the Sensex pack, DLF was the top gainer. The stock ended up 2.3% at Rs 399. JP Asso and Grasim gained over 2% each

Vivekanand Degree College

RIL, however, was the biggest loser. The stock fell 1.7% to Rs.1,081. RIL raised about Rs 3,465 crore through sale of 3.3 crore treasury stocks of the company (this is the second time RIL has sold T-stock to raise funds

Markets corrected for the second day and ends lower as profit booking was seen in IT ahead of Infosys third quarter numbers, telecom, metals, oil & gas exploration and select banking shares remained under selling pressure. While buying emerged in reality, power and capital good counters. The Sensex closed at 17,540 down 75 points after trading in the range of 17,658 17,508. The Nifty shut at 5,247 down 15 points after making an intra-day high of 5,276. The broader indices outperformed the benchmark indices as the smallcap Index continued its uptrend. The breadth remained positive. The Jan nifty future ended with 14 points premium. For the week Nifty ended 0.9% up.

The BSE realty index jumped 3.4 %. DLF was up 4.1%, IRB was up 8.5%, Ibreal estate was up 3.4%, Unitech up 2.9% and Peninsula Land was up 9.7%.

Technology stocks continued to remain under pressure ahead of Infosys results. Infosys was down 2.4%, Wipro down 1.5% and Hcl Tech was down 2.3% while Tech Mah was up 2.6% and Satyam Comp up 4.3%.

In the capital goods space, Siemens was up 2.4%. L&T, ABB, BHEL and Punj Lloyd went up 0.6-1.7%. Among Metal stocks, Hindalco slipped 1.06%, Sail down 1.1%, Sterlite Ind down 1.09%, Nat Alumn down 0.7% and Tata Steel was down 0.2%. Telecom stocks like Rcom was down 1.6%, Bharit Airtel down 1.3% and MTNL were down 1.2%. Tea stocks came under profit booking. Mcleod Russel was down 6.7%, Jayshree Tea down 3.6% and Harrison Malyalam down 2.7%. Among the Sensex stocks, DLF was the top gainer up 4.3 %. Sun Pharma and JP Associates rose more than 2 % each. Infosys fell 2.4 %. HDFC, TCS and Wipro were down more than 1.3 % each.

Vivekanand Degree College

12 th January

- The Sensex closed with a moderate downside as the investors sold oil & gas stocks after the announcement of Reliance Industries, which sold equity shares for Rs3465Cr to raise funds for the acquisition of Netherland based LyondellBasel. The Sensex under performed its small and mid cap counterparts.

- Real estate stocks continued to see good buying while technology and auto stocks supported the markets. IT stocks witnessed mixed trends ahead of the Infosys results today.

- Market breadth was strong at around 2.6x. FIIs and domestic institutions made huge buying yesterday of Rs30bn and Rs3.2bn respectively.

- Asian markets are trading lower today. While the Nikkei is down after selling pressure in the technology stocks due to stronger yen, the Hang Seng is down due to lower bank stocks.

13 th January

- The Sensex closed lower yesterday, as investors booked profits despite robust November IIP data and better than-expected third quarter earnings by Infosys Technologies. IIP data raised worries that the central bank will tighten monetary policy. Realty, metals and banks stocks maintained pressure and pulled market lower. However, some buying was seen in IT stocks.

- Market breadth was weak at 0.58x as investors sold large cap stocks. FIIs sold equities worth Rs3.6bn, while domestic institutions bought equities of Rs4.5bn. Punj Lloyd has secured contract worth Rs947Cr from Ind-Barath Energy (Utkal) Ltd for execution of partial balance of plant, mechanical, electrical and civil work on a 2X350 MW thermal power project in Orissa to be executed over the next 2 years.

- JMC Projects has bagged Rs355Cr project from Provident Housing Ltd. (Purvankara Group) for construction of residential project in Bangalore to be completed in 30 months in three phases.
Vivekanand Degree College

- NDTV has entered into an agreement with Beximco Group, Bangladesh for consultancy to set up and assist in the business management of a 24-hour news and current affairs channel proposed to be launched in Bangladesh by Beximco Group.

- Videocon plans to invest Rs1,6bn under its new subsidiary Unity Appliances to set up a manufacturing facility in Tamil Nadu.

- Adhunik Group has initiated talks to acquire 50% stake in an Australian coking coalmine for $100mn.

- Dabur has tied up with a Belgium firm for technical collaboration to reduce carbon emissions in its plants and has invested Rs5Cr for the purpose.

14 th January

The benchmark indices extended their gains to hit a fresh day's high in late trade. Expectations of better Q3 December 2009 results by India Inc supported the markets. The Sensex and the Nifty gained 0.5% each. The BSE Mid-Cap and Small- Cap indices outperformed the benchmark indices, and gained 0.6% and 0.9%, respectively. Among the front liners, ACC, TCS, Infosys, Wipro and Hindalco gained between 3-5%, while M&M, Sun Pharma, Sterlite Industries, SBI and Bharti Airtel lost between 1-3%. In the Midcap segment, GTL Infra, JSW Holdings, Ipca Labs, PTC and GTL gained between 5-14%, while Nava Bharat Ventures, India Infoline, Peninsula India, Prakash Ind and Astrazeneca India lost between 3-4%

15 th January

The benchmark indices extended their gains to hit a fresh day's high in late trade.. The Sensex and the Nifty gained 0.5% each. The BSE Mid-Cap and Small- Cap indices outperformed the benchmark indices, and gained 0.6% and 0.9%, respectively. Among the front liners, ACC, TCS, Infosys, Wipro and Hindalco gained between 3-5%, while M&M, Sun Pharma, Sterlite
Vivekanand Degree College

Industries, SBI and Bharti Airtel lost between 1-3%. In the Midcap segment, GTL Infra, JSW Holdings, Ipca Labs, PTC and GTL gained between 5-14%, while Nava Bharat Ventures, India Infoline, Peninsula India, Prakash Ind and Astrazeneca India lost between 3-4% . 16 th January

The 30-share index of the Bombay Stock Exchange (BSE), the Sensex, on Friday closed down by over 30 points, after bluechips Reliance Industries (RIL) and Oil and Natural Gas Corporation (ONGC) lost some ground on profit-booking by investors.

In lacklustre trading, the Sensex moved in narrow range, with investors taking a cautious approach ahead of software major TCSs unveiling of third quarter earnings later in the evening. Finally, the barometer concluded the day at 17,554.30, a fall of 30.57 points, or 0.17%, from its last close.

Real estate players and public sector enterprises (PSUs) attracted good buying support. CNI Research CMD Kishor P Ostwal said the PSU stocks rallied on the hopes that what the government has offered in EIL stocks would also be done in other companies which are lined up for the disinvestment. PSU sectoral index gained a handsome 2%, with EIL positing a mammoth gain of 20%, its highest permissible one-day gain, Dredging Corp 18.35% and Hindustan Coppper 17.38%. The government had on Thursday approved selling its 10% stake in Engineers India issuing two bonus shares for every share of the company. The realty index also gained avoiding the late profit-booking seen in other sectors. Bonanza Portfolio Assistant V-P, Research Equity, Avinash Gupta said real estate stocks were up correcting the under-performance in the recent times. Anil Ambani Group company Reliance Communications (RCOM) surged 4.76%, the biggest gain among all Sensex stocks, amidst reports of the company getting Sebi approval for the initial public offer (IPO) of its tower subsidiary Reliance Infratel.

Brokers said losses in RIL and ONGC, however, dragged the market down. Indices of oil & gas, consumer durables, metal, consumer goods and power shares ended lower by less than 1% each.

Largest lender in the country State Bank of India fell for the seventh day after KL Prasad, an economic advisor in the finance ministry, said the Reserve Bank of India would act should inflation reach a certain threshold. Largest software services exporter TCS gained 1.8% on expectations quarterly profit would beat analyst estimates. In worlds major markets, Intels
Vivekanand Degree College

earnings boosted technology stocks on Friday. But broader gains were tempered amid patchy figures on the US economy.

Japans Nikkei index flickered between red and green before ending higher, while most other markets in Asia and Europe rose modestly. The dollar charged higher against the euro, sending the oil price below $79 a barrel. Giving a lift to technology stocks was results from Intel that confirmed things were looking up for the No. 1 maker of computer microprocessors. Its fourth quarter income, revenues and profit margins all came in well ahead of expectations and the companys forecasts were rosy.

As trading got started in Europe, benchmarks in Britain, Germany and France were higher by up to 0.6%. Futures augured modest losses on Friday on Wall Street. S&P futures were off 1.6 points, or 0.1%, at 1,143.60. In Asia, Japans Nikkei 225 stock average advanced 74.42 points, or 0.7%, to 10,982.10 in choppy trading. Hong Kongs Hang Seng slipped 62.79, or 0.3%, to 21,654.16 amid news that Beijing has dropped a plan to let mainland Chinese buy shares listed in the territory. South Koreas Kospi advanced 1% to 1,701.80 and Taiwans benchmark added 0.8%. 18th January

The benchmark indices closed higher on strong buying seen in banking, auto and technology stocks. All public sector companies as well as divestment candidates witnessed huge buying interest post, disinvestment secretary's comments. The Sensex closed at 17,641 up 87 points after trading in the range of 17,712-17,505. The Nifty went up 22 points or 0.43% to settle at 5,275. The market breadth was mixed and the markets reported total traded turnover of Rs 82,203 cr.

Among the PSU companies, NMDC, Engineers India, STC India, Hindustan Copper and Dredging Corporation were the most active stocks up 8-18%.

The BSE bankex rose 2.2 %. HDFC Bank rose 4.3%, UCO Bank rose 8.6%, ICICI Bank up 2.4%, Kotak Bank up 4.4%.

Vivekanand Degree College

The auto index was up 1.5 %. M&M up 1.5%, Telco up 1.8%, Maruti up 1.3% and Bharat Forge were up 2.5%.

Metal stocks were under profit taking. Tata Steel down 0.9%, JSW Steel down 0.9%, Sail down 1%. Reality stocks like HDIL was up 2.5%, DLF up 0.6% and IRB were up 3.5%.

In the technology space, Wipro was up 1.7%, Financial Tech was up 4%, HCL Techno up 1.7% and Polaris Soft rose 4.9%.

Among the Sensex counters, HDFC Bank was the top gainer up 4.5 %. Hero Honda advanced 3.6 %. HDFC and ICICI Bank were up over 2 % each.

19 th January

BSE Sensex closed lower by around 176 points (down 1%), the NSE Nifty lost around 51 points (down 1%). Midcap and smallcap stocks were also at the receiving end losing 0.7% and 0.6% respectively. Losses were largely seen in IT, healthcare and energy stocks. . Novartis closed lower by 3% today and this was the fallout of poor 3QFY10 results announced by the company a short while ago As per a leading business daily, engineering major L&T is contemplating borrowing as much as US$ 4.4 bn to build a power generation business. Further, plans on the anvil also include buying coal mines in Australia and Indonesia to gain fuel supplies. Obviously, the company is looking to capitalize on the power generation opportunity given the acute power shortages that India has been facing. In-fact, peak-hour shortages were as high as 12.6% this year. However, L&T already has a high amount of debt on its books. This was amply evident during 2QFY10 when interest costs surged by 61% YoY. What is more, interest costs for the first half of this fiscal had substantially increased by 83% YoY. The stock closed lower today, while its peers Voltas and BHEL closed firm.

Vivekanand Degree College

20 th January

The Indian indices witnessed a volatile session and ended the day on a weak note. The benchmark indices opened on a flat note but soon edged downward, as negative cues from global markets weighed on investor sentiments. The Sensex and the Nifty ended the session with a loss of 0.9% each. The negative sentiment was widespread, as the BSE Mid-Cap and Small-Cap indices also fell by 0.6% each. Among the front liners, BHEL, SBI, HDFC

Bank, Sterlite and Bharti Airtel gained between 0-1%, while ACC, Hindalco, TCS, Grasim and RCOM lost between 2-3%. In the Mid cap segment, Andrew Yule, National Fertilizers, RCF, HMT, and Gammon India gained between 11-20%, while Bajaj Hind, HT Media, Sun Pharma Advanced Research, Berger Paints, and IVRCL Infra lost between 4-6%.

21 th January

The benchmark indices ended down sharply on disappointing results from the capital goods leader, LT & Bhel. It was the biggest percentage decline for the Sensex since 3 Nov 2009, when it slipped 2.4 %. The Sensex closed at 17,051 down 423 points after hitting a low of 17,025. The Nifty shut at 5,094 down 127 points or 2.4% after making a low 5,086. Among the broader indices - the BSE Midcap Index was down 2.4% and Smallcap down 2.5%. Huge sell-off was seen in capital goods, power and banking stocks. The breadth was very negative and the markets reported highest turnover for the year 2010, at Rs 1,35,178 cr. All the BSE sectoral indices ended in red. The Jan nifty future ended with 10 point discount.

The capital goods index on the BSE plunged 5.1 %. Havells India slumped 7.6 %. L&T was down 6.8 % and Gammon India shed 6.7 % and Bhel lost 4.2%.

The power index was down 3.5 %. Lanco Infratech fell nearly 6 %. Tata Power lost 4.7%, Reliance Infra lost 2.7%, Neyveli Lig lost 4.3% and Suzlon lost 3.9%.

Oil & gas space witnessed huge selling pressure. Reliance Ind lost 2.2%, Ongc lost 1.7%, Cairn Ind lost 3.4% and Aban lost 4.1%.

Among the banking stocks, ICICI Bank and HDFC Bank slid over 2.5 % each. ICICI Bank
Vivekanand Degree College

today reported a 26.36 % drop in consolidated net profit at Rs 1,148.66 crore for the third quarter (Q3) ended December 31, 2009.

Metal stocks like Sterlite Ind lost 3.5%, Sail lost 2%, Hindalo down 1% and JSW Steel lost 2.5%.

In the Sensex pack, L&T was the top loser down 6.8 % to Rs 1,524. Tata Power shed 4.4 % and BHEL closed down 4.1 % at Rs 2,297. 22nd January

INVESTORS hammered the markets on Thursday, pulling down the benchmark Sensex by 2.42% or over 423 points on worries that China may further tighten its monetary policy after the double-digit growth in the last quarter, reports agencies from Mumbai. The 30-share Bombay Stock Exchange barometer tumbled to 17,051.14, a steep fall of 423.35 points, or 2.42%. Tracking poor Wall Street and Asian markets, the Sensex opened 123 points down and touched the days low of 17,025.26 during the day. This is the third consecutive fall this week. The National Stock Exchange 50-issue Nifty also tumbled by 127.55 points or 2.44% breaking two key levels of 5,200 and 5,100 points to a hit low of 5,094.15. It dipped to 5,085.45 during the day. Analysts said China, after its stupendous 10.7% GDP growth in the fourth quarter, will be have to cool down its overheated economy through monetary and fiscal policy measures. This led to FIIs resorting to panic selling. The second biggest dampener was the less-than-expected Q3 earnings by Larsen & Toubro. L&T plunged to 6.85% after the results. 23rd January INDIAS most valuable company, Reliance Industries, bettered market expectations to clock its first quarterly profit growth in over a year, thanks to fresh outflow from its gas fields that offset shrinking refining margins. RILs net profit for the three months up to December 31, 2009, stood at Rs 4,008 crore, up 15.8% year-on-year. Volumes from the new refinery, gas sales and improved petrochem margins pushed up
Vivekanand Degree College

profits, company CFO Alok Agarwal said at a press conference on Friday. RIL expects refining margins, which have halved to $5.9 per barrel, to improve in the coming quarters. If we see growth in Asian countries, we will see margins improving across our businesses, Mr Agarwal said.

Gross refining margins for the nine months ending December 31 was at $6.2 compared with $12.9 per barrel during the same period in the previous year. .

25 th January

The benchmark indices ended a volatile trading session, falling after the US President Barack Obama proposed limiting risk-taking at US banks. Shares related to the infrastructure sector were hammered, whereas IT stocks languished following the US bank plan. Bank stocks declined, as investors turned cautious ahead of the RBIs quarterly monetary policy review meet on 29 January, 2010. Auto stocks were mixed ahead of Q3 earnings. The Sensex and the Nifty closed in the red, down 1.1% each. The BSE Mid-Cap and Small-Cap indices also closed down 1.1% each. Among the front liners BHEL, ITC, Hero Honda and HUL were up between 0-3%, while Tata Steel, L&T, DLF, Sun Pharma, and JP Associates lost between 34%. In the mid cap segment, National Fertilisers, Thomas Cook, Jet Air India and Carborundum Universal gained between 3-9%, while Mcleod Russel, Asian Star, Punj Llyod, Future Capital and IVRCL Infra lost between 6-7%. 26th January

THE Bombay Stock Exchange (BSE) Sensitive index (Sensex) fell for a fifth consecutive session on Monday in its longest run of losses in nearly three months, as lower-than-expected results from Mahindra & Mahindra and shaky world markets weighed.

The Sensex dropped 0.47%, or 79.22 points, to 16,780.46, its lowest close in just over a month. The benchmark has fallen 3.9% this month after rallying 81% in 2009. Traders said US President Barack Obamas threat to restrain banks from taking risk hit outsourcing shares such as

Infosys Technologies and Wipro that get most of their revenue from the United States. There is a view being formed that Obamas plan to limit risk-taking by banks, might hurt the order flow to the IT companies from BFSI , said Nilesh Doshi, president of equities at
Vivekanand Degree College

Techno

Shares.

Infosys shed 1.4% and Wipro lost 0.7%. Mahindra & Mahindra fell as much as 6.7% after the top utility vehicles and tractor makers quarterly profit came in below market estimates. The stock closed down 5.2%, its biggest fall in more than five months, at Rs 1,072.35. Banks were mostly under pressure with the central bank expected to tighten policy on Friday. HDFC Bank and ICICI Bank dropped 1.3% and 1.1% respectively.

State Bank of India rose 0.2% to Rs 2,093.35 ahead of its quarterly results. After market hours, the bank reported steady quarterly net profit, helped by better loan growth. Maruti Suzuki climbed 0.4% to Rs 1,445.25, after it reported on Saturday December quarter profit more than tripled. Leading mobile operator Bharti Airtel, which was the secondworst performer amongst Sensex stocks for 2009, gained 2.9% at Rs 330.50. Credit Suisse upgraded Bharti to neutral from underperform citing recent sharp underperformance of the stock, the investment bank said in a research note seen by Reuters. The NSE Nifty 0.6% lower at 5,007.90.

Jet Airways rose 3.8% to Rs 539.30 as the leading private airline operator said it posted a net profit of Rs 106 crore in October-December, compared with a net loss of Rs 214 crore a year ago. 27th January

The key benchmark indices extended losses for the fifth straight session with weak global cues playing the spoilsport. Further, selling pressure in late trade derailed a sharp pullback on the bourses. High volatility was the hallmark of the day's trading session. The market breadth was negative after a positive start. The BSE Sensex and NSE Nifty were down by 0.5% and 0.6% respectively. The BSE Mid-cap and Small-cap indices were down by 1.3% and 0.9% respectively. Among the front-liners Bharti Airtel, HUL, ITC, L&T and Sun Pharma were up by 1-3%, while M&M, JP Associates, DLF, Tata Steel and Sterlite Industries were down by 2-5%. In the Mid-cap segment, Jai-corp, Infotech Enterprises, National Fertilisers, Bajaj Hindusthan and Jet Airways were up by 4-12%, while Dish TV, Mcleod Russel, Gujarat Flurochem, AIA Engineering and Andrew Yule were down by 6-8%.

Vivekanand Degree College

28th January Sensex hits 12-wk low on China fears

THE Bombay Stock Exchange (BSE) Sensex fell for a sixth session on Wednesday, sliding 2.9% to its lowest close in nearly 12 weeks, as investors joined a regional sell-off on concerns Chinas efforts to cool credit demand could hurt global recovery. Financial stocks led the drop on caution ahead of the Reserve Bank of Indias (RBI) monetary policy on Friday that is widely expected to tighten banks reserve requirements. The Sensex dropped 2.92%, its biggest one-day fall in nearly three months, and ended down 490.64 points at 16,289.82. Only one of its components closed in the green. It posted the longest run of losses in nearly three months and matched a six-day slide to early November last . SBI lost 5.1% at Rs 1,987.15, while rival ICICI Bank dropped nearly 5% to Rs 790.20. Metals makers fell as an appreciating dollar and on worry further policy tightening in China and proposed US bank regulations could stifle demand for metals. year.

Tata Steel dropped 8.5% to Rs 558.70 while non-ferrous metals producer Sterlite Industries shed 4%

to Rs 770.05. Hindalco fell 5.7% to Rs 150.10. . Infosys Technologies and Tata Consultancy Services lost 1.6% each, while Wipro shed 5.8%.

Reliance Industries, which has the highest weightage on the main index, closed 1.5% lower at Rs 1,025.85.

On the BSE, around eight shares declined for every one share that gained on volume of 444 million shares, lower than last weeks daily average of 534.4 million. The NSE Nifty closed down 3.1% at 4,853.10.

DLF fell 7.8% to Rs 317.05 ahead of its December quarter results due after market hours. HUL dropped 1.7% to Rs 259.30.

Vivekanand Degree College

29 th January

The benchmark indices witnessed smart recovery in the second half of the session and discounted the CRR hike move of RBI in today's monetary policy and closed on a positive note. The Sensex closed up 51 points at 16,357 after making a days low of 15,982. On the NSE, Nifty closed at 4,882 up 15 points after hitting an intra-day low of 4,766. Buying was seen in banking and reality while metals and IT faced selling pressure. The market breadth was flat. For the week nifty closed down 3.2%.

The banking index on the BSE ended up nearly 3 %. ICICI Bank advanced 5.3 % to Rs 830, other stocks like SBI and HDFC Bank saw over nearly 2.5 % gains.

The realty index saw 2.6 % gains. DLF was up 2.8%, Unitech up 2.5%, HDIL up 4.7% and Ibrealestate was up 2.8%.

Among the metal stocks, Tata Steel fell 2.8 % while, Sail was down 2% and Sterlite Ind ended 1.4 % lower.

Capital good space witnessed huge buying interest. BHEL up 2.6%, Siemens surged 4.2%, Punj Lloyd was up 3.3% and ABB surged 3%.

Technology stocks were under selling pressure. Wipro fell 3.8 % while HCL Tech, TCS and Infosys ended down nearly 0.7 %.

Among the FMCG space, Hind Lever ended down 5% and ITC lost 1.6%.

ICICI Bank advanced 5.3 % to Rs 830 to be the biggest gainer among the Sensex stocks. Other major gainers included BHEL, up 3 %, and JP Associates, up 1.8 %.

The biggest losers were Hind Lever down 5%, Wipro down 3.8% while Tisco and Telco lost 2.8% each.

Vivekanand Degree College

NIFTY
Date

FEBRUARY 2010
Open High Low Close

29-feb-10 25-feb-10 24-feb-10 23-feb-10 22-feb-10 19-feb-10 18-feb-10 17-feb-10 16-feb-10 15-feb-10 11-feb-10 10-feb-10 09-feb-10 08-feb-10 06-feb-10 05-feb-10 04-feb-10 03-feb-10 02-feb-10 01-feb-10

4,858.50 4,859.00 4,869.60 4,856.60 4,849.35 4,887.30 4,915.10 4,858.65 4,801.80 4,827.90 4,757.25
4793.00 4760.55 4755.35 4712.75 4819.65 4931.30 4831.00 4907.85 4882.05

4,992,00 4,880.15 4,880.55 4,884.10 4,912.05 4,887.30 4,922.05 4,929.70 4,880.00 4,845.60 4,843.80
4826.85 4810.40 4799.05 4768.15 4827.00 4931.30 4949.15 4951.15 4918.80

4,858.45 4,835.60 4,834.65 4,833.15 4,845.90 4,805.55 4,873.70 4,857.60 4,791.35 4,783.90 4,757.25
4748.10 4739.35 4675.40 4712.75 4692.35 4832.35 4831.00 4814.10 4827.15

4,922.30 4,859.75 4,858.60 4,870.05 4,856.40 4,844.90 4,887.75 4,914.00 4,855.75 4,801.95 4,826.85
4757.20 4792.65 4760.40 4757.25 4718.65 4845.35 4931.85 4830.10 4899.70

Vivekanand Degree College

SENSEX FEBRAURY 2010

Date Open High Low Close

26-feb-10 25-feb-10 24-feb-10 23-feb-10 22-feb-10 19-feb-10 18-feb-10 17-feb-10 16-feb-10 15-feb-10 11-feb-10 10-feb-10 09-feb-10 08-feb-10 05-feb-10 04-Feb-10 03-feb-10 02-feb-10 01-feb-10

16,255.33 16,264.10 16,218.68 16,213.14 16,191.32 16,256.53 16,421.21 16,228.91 16,042.18 16,186.90 15,928.28 16,042.08 15,940.73 15,931.34 16,222.56 16,500.29 16,210.25 16,368.44 16,339.32

16,669.25 16,329.33 16,328.44 16,324.93 16,423.23 16,301.94 16,452.51 16,480.89 16,310.39 16,227.04 16,202.87 16,141.13 16,094.13 16,061.41 16,222.56 16,508.22 16,552.99 16,525.98 16,422.40

16,249.67 16,167.13 16,187.44 16,178.91 16,191.32 16,074.58 16,287.17 16,228.91 16,021.29 16,011.82 15,928.28 15,892.01 15,862.90 15,651.99 15,725.43 16,188.80 16,210.25 16,129.11 16,160.80

16,429.55 16,254.20 16.255.97 16,286.32 16,237.05 16,191.63 16,327.84 16,428.91 16,226.68 16,038.35 16,152.59 15,922.17 16,042.18 15,935.61 15,790.93 16,224.95 16,496.05 16,163.44 16,356.03

Vivekanand Degree College

4,800.00 29-feb-10 25-Feb-10 24-Feb-10

4,815.00

4,830.00

4,845.00

4,860.00

4,875.00

4,890.00

4,905.00

4,920.00

4,935.00

4,950.00

Vivekanand Degree College

23-Feb-10
22-Feb-10 19-Feb-10 18-Feb-10 17-Feb-10 16-Feb-10 15-Feb-10 11-Feb-10 10-Feb-10 09-Feb-10 08-Feb-10 05-Feb-10 04-Feb-10 03-Feb-10 02-Feb-10 01-Feb-10 Low High Close Open

Nifty February 2010

SENSEX FEBRUARY 2010

16,500.00 16,400.00 16,300.00 16,200.00 16,100.00 16,000.00 15,900.00 15,800.00 15,700.00 15,600.00 15,500.00 Open High Low Close

Vivekanand Degree College

Daily analysis for the month of february

1st febraury
The key benchmark indices staged a strong intraday rebound, albeit in choppy trade, as European stocks and US Index Futures rose. Closer home, investors also heaved a sigh of relief as the RBI kept key interest rates unchanged in its quarterly policy review. There was also an increase in the economic growth forecast for the current fiscal year from the central bank. The BSE Sensex and the NSE Nifty were up by 0.3% each. The BSE Mid-cap index and Small-cap index were up by 1.0% and 1.2%, respectively. Among the front-liners, ICICI Bank, BHEL, SBI, DLF and HDFC Bank were up by 2-5%, while HUL, Wipro, Tata Motors, Tata Steel and BHarti Airtel were down by 2-4%. In the mid cap segment, National Fertilisers, Piramal Healthcare, IFCI, Educomp Solutions and RCF were up by 7-9%, while IVRCL Infra, Opto Circuits, KGN Industries, Jain Irrigation and Bajaj Hindusthan were down by 5-6%. 3rd feb

Key benchmark indices extended losses to fresh intraday lows in late trade as investors turned cautious ahead of the opening of the large follow-on public offer (FPO) of state-run power generation firm NTPC. The market pared gains as some Asian stocks reversed gains and US index futures fell. Attempts at a recovery proved futile as heightened volatility pushed the markets to close near the days lows. The BSE Sensex and NSE Nifty closed in the red losing 1.2% and 1.4% each. The BSE Mid-cap and Small-cap indices outperformed the benchmark indices with losses of 1.2% and 0.8% respectively. Among the frontliners, HDFC, Hindalco Industries, Sun Pharma and ONGC were up by 0-2%, while Jaiprakash Associates, Grasim Industries, Reliance Communications, M&M and NTPC were down by 3-4%. In the Mid-cap segment, Spice Communications, Emami, National Fertilisers, HT Media and KGN Industries were up by 5-17%, while Tulip Telecom, Anant Raj Industries, Bajaj Hindusthan, Thomas Cook and Andrew Yule were down by 5-6%.
Vivekanand Degree College

4th feb The Indian markets recouped the losses of the previous trading session, as they traded with strong gains throughout the day, without any major volatility. The indices witnessed a gap-up opening, along expected lines, as global indices traded with gains in excess of 1%. The BSE Sensex and the NSE Nifty soared by 2.1% each. The BSE Mid-cap and Small-cap indices underperformed the benchmark indices and gained 1.5% and 1.1%, respectively. Among the frontliners, Sterlite, Tata Steel, L&T, HDFC and Hindalco were up by 3-6%, while Sun Pharma was down by 1%. In the Mid cap segment, Prakash Ind., Blue Dart, Core Projects, Rajesh Exports and BGR Energy were up by 6-11%, while Spice Communications, CRISIL, HT Media, Andrew Yule and Simplex Infra were down by 3-6% 5th feb - The Sensex closed negative yesterday after rise of annual food inflation on second week and weak European markets ahead of rate decisions from the European Central Bank and the Bank of England. Heavy selling pressure was witnessed in real estate, metals and IT stocks. The market lost further ground on the news of sharp rise in Sovereign Credit Default Swaps of Greece, Portugal and Spain.

- Market breadth was weak at around 0.42x as investors sold large cap stocks. FIIs sold equities worth Rs1.55bn, while domestic institutions bought equities of Rs2.41bn.

- The Asian markets are trading lower this morning. The Nikkei is trading down as exporters hurt by a stronger yen, while escalating sovereign debt problems in Europe dented investor confidence. The resource-linked stocks also suffered after a key commodities index saw its biggest daily loss in almost six months due to fall in crude oil and gold. The Hang Sang is also trading lower.

Vivekanand Degree College

Economic and Corporate Developments Food inflation rose to 17.56% in the week ended 23 January 2010 from 17.40% in the previous week. Buzzing Stocks - GTL is planning to raise Rs1,400CR through non-convertible debentures (NCDs) to invest in green energy products and solutions for telecom infrastructure that can bring down costs for telecom operators.

- Kiri Dyes has acquired German firm DyStar Group through a special purpose vehicle, which will give the company to access new markets in Europe.

- Advanta India, through its American unit has acquired the US-based Crosbyton Seed Company.

- Dalmia Cement expects to raise Rs4.62bn by March through selling a stake in its subsidiary, Dalmia Cement Ventures Ltd.

- M&M is talking with UK-based Triumph Motorcycles and Moto Guzzi, Italy to roll out premium bikes for the Indian market.

- Essar Oil plans to increase its number of petrol pumps to 2,000 in the next few months from 1,450 currently. 8th February - The Sensex continued its downward trend last Friday, closing below the 16,000 mark on concern over Europe's sovereign debt, indications of weak US jobs data and a fall in commodity and energy prices. Persistent selling pressure was seen across the board and all sectoral indices closed negative with real estate, metals and capital goods stocks were the worst affected. Auto stock also declined after a government-appointed panel recommended

Vivekanand Degree College

additional duty on diesel-powered vehicles. Indian markets were open for a couple of hours last Saturday, for the purpose of software testing.

- Market breadth was extreme weak at around 0.21x as investors sold large cap stocks. FIIs sold equities worth Rs17.2bn, while domestic institutions bought equities of Rs11.68bn.

- Asian markets are trading lower this morning. The Nikkei is trading down as exporters were hurt by a stronger yen and mixed signals from the US labour market and growing anxiety over fiscal problems in Europe. The Hang Sang is also trading lower.

- The Indian markets may open flat this morning in absence of positive cues, and remain volatile on the back of weak Asian market 9th febuary Europe brings relief, Sensex gains 19 pts as telecom recovers

THE Bombay Stock Exchange (BSE) Sensitive Index pulled back from an early slide and eked out a 0.1% gain on Monday, after a recovery in their European peers helped soothe nerves. Beaten down telecoms Bharti Airtel and Reliance Communications led the rise. The government forecast the economy will grow 7.2% in the current fiscal year that ends in March, picking up from a six-year low in the previous year and reinforcing market expectations of strong industrial growth.

The rebound could prepare the ground for a roll-back in stimulus incentives when the Union Budget is unveiled on February 26 and hasten an increase in interest rates to tame inflation pressures.

For the time being, however, investors will be watching the debt problems in Europe, traders said. The market will continue to be volatile in near term, until the global picture has some clarity, said Vaibhav Sanghavi, director of Ambit Capital. The worries in the euro zone will weigh.

The BSE Sensex ended up 0.13%, or 19.96 points, at 15,935.61, after falling 1.7% at one stage. Sixteen of its components gained. Bharti, Indias leading mobile operator, rose 2.7% to
Vivekanand Degree College

Rs 308.30 and rival Reliance Communications climbed 2.2% to Rs 168.70. The stocks were the only ones to fall in 2009 amongst the constituents of the main index. I would buy Bharti at current levels. It is best poised in the sector to gain from a long-term perspective, Mr Sanghavi said. Banks gained on hopes for good long-term outlook in a growing economy. Top lender State Bank of India rose 1.1% and rival ICICI Bank firmed 0.4%. Non-ferrous metals producer Sterlite Industries gained 0.4% to Rs 752 as copper prices scored their biggest one-day gain since November. Top power producer NTPC closed down 1.3% at Rs 202.40 after a muted response to its follow-on public offer that was just covered on the final day. In the broader market, losers outpaced gainers in a ratio of 1.1:1 on volume of 334 million shares, down from last weeks daily average of 394 million shares. The 50-share NSE index rose 0.07% to 4,760.40. Fast food chain Jubilant FoodWorks jumped to Rs 229 on debut from its issue price of Rs 145. Madhucon Projects climbed 3.2% to Rs 161.35, after the company said it had won three hydro power projects totalling 75 megawatts.

10 th feb

The benchmark indices had a dull start after the US market suffered a severe setback yesterday, with the Dow sliding below the 10,000 mark. However, after a strong intraday rebound in morning trade, the market erased all its gains and slipped into the red briefly in mid-morning trade. Sustained buying demand in select pivotals and a rebound in Asian indices triggered a recovery in early afternoon trade. The BSE Sensex and NSE Nifty were up by 0.7% each. The BSE Mid-cap and Small-cap indices were up by 0.4% each. Among the front-liners, Grasim, ACC, Infosys, Wipro and Sun Pharma were up by 2-5%, while DLF, Hindalco, M&M, HUL and Maruti Suzuki were down by 1-2%. In the mid-cap segment HMT, STC, Patni Computers, National Fertilizers and BGR Energy were up by 6-11%, while Gujarat NRE Coke, Info Edge India, Petronet LNG, Parsvnath Developers and Indiabulls Real Estate were down by 3-6%.

11 th feb

The market pared gains soon after a firm start triggered by higher Asian stocks. The market slipped into the red in early trade as US index futures fell. It moved between the positive and
Vivekanand Degree College

negative terrain after recovering sharply from the intraday lows in mid-morning trade. The market re-gained positive zone in afternoon trade. It reversed gains to hit fresh intraday low in late trade. Banking, capital goods, FMCG, healthcare and power stocks fell. The BSE Sensex was down by 0.8%, while NSE Nifty was down 0.7%. The BSE Mid-cap remained almost flat, while Small-cap indices were up by 0.1%. Among the front-liners, Hindalco Industries, HDFC Bank, Sterlite Industries, Grasim Industries and Hero Honda were up by 0.8-1.7%, while Mahindra & Mahindra, SBI, Tata Steel, Sun Pharma and L&T were down by 1.8-3.4%. In the Mid-cap segment HMT, Apollo Tyres, Glaxosmithkline Consumers, REI Agro and Emami were up by 6-11%, while Monsanto India, Chambal Fertilizers, IBN18 Broadcast, Nagarjuna Fertilizers and Patni Computers were down by 3-7%.

15 th feb

The Indian markets had a rather volatile trading session today. The morning session saw the indices fluctuating to either side of Friday's close before selling activity intensified and pushed them into the red. Any attempts thereafter to move towards the dotted line proved futile and the indices closed well into the red. While the BSE Sensex closed lower by around 114 points (down 1%), the NSE Nifty lost around 28 points (down 1%). Midcap and small cap stocks were also at the receiving end, notching losses of 1% and 0.4% respectively. Losses were largely seen in banking and oil & gas stocks.

As regards global markets, most Asian indices closed weak today while European indices have opened on a mixed note. The rupee was trading at Rs 46.36 to the dollar at the time of writing.

MNC pharma stocks showed mixed trend. While Aventis and Pfizer found favour, GSK Pharma and Novartis closed in the red. Aventis notched gains of 2% in today's session. The company has done well in the year so far with its domestic business (excluding the product 'Rabipur') and exports growing by 14% YoY and 24% YoY in 9mCY09 respectively. Aventis is a very strong player in the chronic therapy space and although there has been intense competition in certain therapeutic areas in which the company is present, it has nevertheless managed to hold on to its market share. Further, the company is also looking to tap the rural markets to augment its sales for which it has set up a separate marketing division. Thus, these
Vivekanand Degree College

moves

are

expected

to

bolster

volumes

going

forward.

Tata Motors's has had a very strong start to 2010 with global sales for January growing by 93% on a year on year basis. As reported in a leading business daily, these sales comprise of Tata, Tata Daewoo and Hispano Carrocera range of commercial vehicles, Tata passenger vehicles along with distributed brands in India, and Jaguar and Land Rover. While commercial vehicles in January 2010 grew by 115% YoY, sales of passenger vehicles registered a growth of 76% YoY. What is more, the acquired brands Jaguar and Land Rover also grew at a dazzling rate. While Jaguar sales were higher by 122% YoY, Land Rover sales grew by 219% YoY. Having said that, cumulative sales of Jaguar Land Rover for the fiscal (April 2009 to January 2010) declined by 20% YoY. The stock, however, closed 1% lower.

The company's performance in the December 2009 was also robust with sales growing by 63% YoY and margins expanding from a paltry 1.9% in 3QFY09 to a healthy 12.8% in 3QFY10. Improved consumer sentiments, a favourable financing environment and a low base effect contributed to the robust performance both in the December quarter and in January 2010.

Inflation, meanwhile, continues to scale new heights. As per reports, the wholesale price index (WPI) rose 8.56% in January from a year earlier, the highest since November 2008. This has accelerated from a 7.3% rise in December. This means that the pressure on RBI intensifies to raise interest rates. The problem that is confronting the RBI is also the soaring fiscal deficit as a rise in interest rates will make borrowing costs dearer. 16th feb NIFTY traders are finding it hard to decide on the market trend. The maximum Put open interest (OI) base at 4700, cooling off of Volatility Index (VIX) from 31 levels and the presence of Nifty 200-DMA near 4680, suggest the Nifty has strong support at 4680-4700 levels. On the contrary, the plummeting Call OI base at 4800-4900 strikes indicates mounting selling pressure at higher levels. The Nifty is stuck in a tight range and may try to come out of this. Nifty futures and index heavyweights like SBI, ITC, Bharti, Infosys and L&T have seen heavy short build-up in the recent Nifty downside.

If the Nifty absorbs the continuous selling pressure from 4800 for a few sessions,
Vivekanand Degree College

these shorts may be forced to close. The aggressive selling trend of FIIs in the cash market seems to have halted for the moment. In addition, initialsigns of short closure of index futures by FIIs may lead to more short-covering in index heavyweights near supports. However, in case of a breakdown below 4680, sharp downsides in the Nifty may not be negated. Technology heavyweights are looking poised for short-covering if the Nifty finds support at the current level of 4800. Infosys and TCS have major supports at Rs 2,450 and Rs 735, respectively. Metals may find it hard to sustain at higher levels and short positions can be formed in Tata Steel and Hindalco in case the Nifty is unable to hold 4800.

17th febuary The Nifty continued its positive momentum for the second consecutive day on strong global cues and strong buying seen in metals, banking, capital goods and oil & gas stocks which helped the nifty to close above the 4,900 level. The Sensex closed at 16,429 up 202 points after trading in the range of 16,480 16,228. The Nifty shut at 4,914 up 58 points or 1.2%. The breadth was positive and the volumes were slightly higher at Rs 1,02,819 cr. The Feb Nifty future ended with 12 points discount.

Metal stocks witnessed strong buying interest. Tata Steel surged 6%, Sterlite Ind up 3.5%, Sail up 2.8% and Hindalco up 5%.

Banking stocks like SBI up 1.8%, Axis Bank up 3.8%, HDFC Bank up 3.3%, HDFC up 1.2%, Kotak Bank up 2.2% and ICICI Bank up 0.9%.

Oil & gas stocks showed strong performance. Reliance Ind up 1.4%, Cairn India up 2.2% and ABAN was up 5.3%.

In the auto space, Escorts was up 6.6%, Apollo Tyre up 4.4%, Maruti, M&M and Telco were up 1.2-1.8%.

Reality stocks came under pressure. DLF down 1.3%, Ibreal Estate down 3.2% and Unitech down 0.7%.

Vivekanand Degree College

Among the Sensex gainers were Tata Steel up 6%, Hindalco up 5%, HDFC Bank up 3% and Sterlite up 3.5%.

And the losers were DLF down 1.3%, Infosys down 0.6%. 18th feb

- The Sensex closed positive for the second straight day yesterday, tracking firm global markets. Higher metal prices on the London Metal Exchange (LME) lifted sentiment for metal stocks. Strong buying was also witnessed in consumer durables, banking, capital goods and auto stocks.

- Market breadth was strong at around 1.52x as investors bought large cap stocks. FIIs and domestic institutions bought equities worth Rs5.2bn and Rs1.97bn respectively.

- The Asian markets are trading positive this morning. The Nikkei is up as a weaker yen lifted exporters like Canon Inc, but profit-booking restricted gains. However, the Hang Sang is trading flat.

- The Indian markets are expected to open positive but may remain volatile. 19th feb

- The Sensex snapped the rally of the last two days and closed negative yesterday on profit taking and subdued global markets. Heavy selling was witnessed in real estate, oil and gas and metal stocks. Reliance Industries was a drag on the benchmark indices, on speculation that it may have to hike its bid for LyondellBasell.

- Market breadth was weak at around 0.6x as investors sold large cap stocks. Both FIIs and domestic institutions sold equities worth Rs3.51bn and Rs1.22bn respectively.

- The Asian markets are trading negative this morning. The Nikkei is down with investors

Vivekanand Degree College

turning cautious after the US Federal Reserve's decision to raise the discount rate jolted US equities futures and commodities. The Hang Sang is also trading negative.

- The Indian markets are expected to open negative in line with Asian markets and weakness in US equities futures and commodities

22 nd febuary

Markets recovered after two days of fall and managed to close with modest gain. The benchmark indices closed at 16,237 up 45 points after trading in the range of 16,423 16,191. The Nifty shut at 4,856 up 11 points after hitting an early high of 4,912. Profit booking was seen in realty, telecom, oil & gas exploration, pharma while metal, IT and select banking stocks witnessed buying interest. Among the broader indices - the BSE Midcap Index was down 0.6% and Smallcap down 1%. The breadth was negative and the markets reported total turnover of Rs 94,140 cr. The Feb nifty future closed with 6 points discount and the March nifty future closed with 10 points discount.

In the metal space, Hindalco was up 2.84%. Tata Steel, SAIL and Jindal Steel were up 1-2%. Sterlite Industries was flat.

Select auto stocks showed buying interest. Tata Motors, Hero Hond and Maruti Suzuki moved up 0.75-1.6%. However, M&M declined 0.93%.

In the banking space, SBI and Axis Bank were up 0.6-1.2%. HDFC and HDFC Bank went up 0.2% each. However, ICICI Bank, PNB and IDFC slipped 0.2-0.4%.

In the sugar space, Shree Renuka Sugars rose 3.7%. The company bought 51% stake in Brazils Grupo Equipav for Rs 1,530 crore. While Balrampur Chin was down 0.8%, Bajaj Hind were down 2.3%.

In the oil & gas space BPCL gained 1.6%, IOC gained 1.4% while Reliance Ind, Cairn India and ONGC slipped 0.2-0.5%

HUL from the FMCG segment rose 2.14% while ITC lost 0.36%.
Vivekanand Degree College

23 rd February

The benchmark indices erased almost all their gains after an early rally, as investors turned cautious ahead of the Union Budget 2010-2011, later this week. Consumer durables and realty stocks fell, but rising metal prices on the LMEX boosted local metal shares. After a firm start triggered by higher Asian stocks, the market pared gains in morning trade and regained strength in midmorning trade. The Sensex moved in a narrow range in early afternoon trade. The market once again pared gains in mid-afternoon trade. The market cut almost all the intraday gains in late trade. The BSE Sensex and NSE Nifty closed up by 0.3% and 0.2%, respectively. However, the BSE Mid-cap and Small-cap indices closed in the red, down by 0.6% and 1.0%, respectively. 24th February

The benchmark indices provisionally closed with marginal gains, after moving in a tight range throughout the day. The market dropped in early trade, tracking weak Asian stocks. Later, as some Asian stocks rebounded, the market recovered and moved in a narrow range in mid-morning trade. However, the market pared its gains after hitting a fresh intraday high in early afternoon trade, but finally regained strength in late trade. The BSE Sensex and NSE Nifty closed in the green, up by 0.3% each. However, the BSE Mid-cap and Smallcap indices closed in the red, down by 0.6% and 0.9%, respectively 25 th February

The markets ended flat on the expiry day after remaining volatile and traded in a narrow range ahead of Union budget tomorrow. The Sensex closed at 16,254 down 2 points after trading in the range of 16,329 16,167. While the Nifty shut at 4,860 up 1 point. The March nifty futures ended with 10 points premium. Buying was seen in cement, capital goods, technology, select auto and metal stocks. The breadth was negative and the markets reported total turnover of Rs 1,38,151 cr.

Sugar stocks continued to remain under selling pressure. Renuka Sugar plunged 3.8%, Bajaj Hind and Balrampur Chin were down 0.3-1.2%.
Vivekanand Degree College

Cement stocks like Grasim was up 1.2%, LT up 2.2%, India Cem up 0.7% and ACC up 1.3%.

In the technology sell was seen in Mphasis down 8.4%, FT down 2.3% while Infosys was up 1.3%. In the banking Yes bank was down 2.7%, HDFC Bank down 0.8% while Kotak Bank was up 3.1% and ICICI Bank up 1.1%. Today's new listing - Hathway Cable & Datacom closed at Rs 211, a discount of 12% to its issue price of Rs 240. In the Auto Maruti was up 2.2%, Apollo Tyre up 2.4%, Hero Honda up 1.6% and Telco down 2.6%. In the oil & gas space, Reliance Ind and Cairn lost 1.3% each. Among the Sensex losers, Hind Lever lost 2.7%, Telco lost 2.6% and JPAssociate and NTPC down 2% each. Gainers in the Sensex were LT was up 2.4%, Maruti up 2.3%, Hero Honda up 1.6% and Infosys up 1% 26th February

- The Sensex closed on flat note in a volatile session yesterday as investors awaited the Union Budget to get clues about the direction of the markets. The markets did not get support from the Economic survey and the Finance Ministers statement that the Indian economy is strong and will return to 9% growth rate by 2011-12. Cement, capital goods and IT stocks were bought, while oil and gas, FMCG and metal stocks witnessed selling.

- Market breadth was weak at around 0.84x as investors sold large cap stocks. FIIs sold equities worth Rs5.94bn, while domestic institutions bought equities of about Rs3.25bn.

- The Asian markets are trading positive this morning. The Nikkei is up on the report of Japanese manufacturers that it has increased production at the fastest pace in January signaling the recovery is intact even as the government calls for more action to fight deflation. The Hang Sang is also trading positive

Vivekanand Degree College

NIFTY ON MARCH 2010

date 31-3-10 30-3-10 29-3-10 26-3-10 25-3-10 23-3-10 22-3-10 19-3-10 18-3-10 17-3-10 16-3-10 15-3-10 12-3-10 11-3-10 10-3-10 9-3-10 8-3-10 5-3-10 4-3-10 3-3-10 2-3-10

Open

high

low

Close

5260.4 5302.95 5283.9 5260.55 5225.3 5205.85 5260.95 5246.8 5323.55 5198.45 5128.95 5134.45 5131.8 5116.35 5101.6 5121.05 5092.15 5080.55 5096.95 5015.8 4935.6

5293.9 5325 5329.55 5293.75 5267.3 5243.6 5260.95 5269.95 5255.65 5260.5 5209.25 5151.05 5158.1 5152.6 5137.4 5131.8 5147.1 5118.65 5096.95 5093.25 5029.45

5235.15 5251.35 5242.15 5260.55 5202.95 5193.4 5187.05 5237.1 5214.4 5177.15 5125.7 5101.2 5122.1 5102.1 5092.05 5094.35 5092.15 5068.05 5049 5015.1 4935.35

5249.1 5262.45 5302.85 5282 5260.4 5225.3 5205.2 5262.8 5245.9 5231.9 5198.1 5128.9 5137 5133.4 5116.25 5101.5 5124 5088.7 5080.25 5088.1 5017

Vivekanand Degree College

SENSEX MARCH 2010

Date 31-3-10 30-3-10 29-3-10 26 -3-10 25-3-10 23-3-10 22-3-10 19-3-10 18-3-10 17-3-10 16-3-10 15-3-10 12-3-10 11-3-10 10-3-10 09-3-10 8-3-10 5-3-10 4-3-10 3-3-10 2-3-10

Open 17602.4 17703.7 17639.2 17558.9 17458.5 17422.5 17482 17531.5 17492.8 17389.5 17169.8 17167.8 17176 17087.6 1702.9 17089.2 17034.9 16988.3 17013.7 16778.3 16438.5

High 17699.5 17783.4 17793.0 17682.9 17575.2 17530.8 17559.2 17600.9 17548.1 17576.8 17416.6 17195.5 17244.5 17215.1 17183.5 17130.8 17187.6 17097.7 17025 17012.6 16808

Low 17488.6 17558.2 17639.2 17558.9 17383.2 17356.6 17337.4 17502.1 17417.6 17389.5 17150.1 17061.1 17126.9 17054.3 17027.9 17031.2 17034.9 16936.1 16888.1 16778.3 16338.5

Close 17527.8 17590.2 17711.4 17644.8 17558.9 17410.6 17578.2 17578.2 17519.3 17490.1 17383.2 17165 17166.6 17168 17098.3 17052.5 17102.5 16994.5 16971.7 17000 16772.6

Vivekanand Degree College

4900

4950

5000

5050

5100

5150

5200

5250

5300

5350

5400

Vivekanand Degree College

01/03/2010 02/03/2010 03/03/2010 04/03/2010 05/03/2010 06/03/2010 07/03/2010 08/03/2010 09/03/2010 10/03/2010 11/03/2010 12/03/2010 13/03/2010 14/03/2010 15/03/2010 16/03/2010 17/03/2010 18/03/2010 19/03/2010 20/03/2010 21/03/2010 22/03/2010 23/03/2010 24/03/2010 25/03/2010 26/03/2010 27/03/2010 28/03/2010 29/03/2010 30/03/2010 31/03/2010 Low High Close Open

NIFTY MARCH 2010

16500 date 31-Mar-10 30-Mar-10 29-Mar

16700

16900

17100

17300

17500

17700

17900

Vivekanand Degree College

26-Mar-10
25-Mar-10 23-Mar-10 22-Mar-10 19-Mar-10 18-Mar-10 17-Mar-10 16-Mar-10 15-Mar-10 12-Mar-10 11-Mar-10 10-Mar-10 09-Mar-10 08-Mar-10 05-Mar-10 04-Mar-10 03-Mar-10 02-Mar-10 Low High Close Open

SENSEX MARCH 2010

Daily analysis for the month of march

2nd march NIFTY traders are finding it hard to decide on the market trend. The maximum Put open interest (OI) base at 4700, cooling off of Volatility Index (VIX) from 31 levels and the presence of Nifty 200-DMA near 4680, suggest the Nifty has strong support at 4680-4700 levels. On the contrary, the plummeting Call OI base at 4800-4900 strikes indicates mounting selling pressure at higher levels. The Nifty is stuck in a tight range and may try to come out of this. Nifty futures and index heavyweights like SBI, ITC, Bharti, Infosys and L&T have seen heavy short build-up in the recent Nifty downside.

If the Nifty absorbs the continuous selling pressure from 4800 for a few sessions, these shorts may be forced to close. The aggressive selling trend of FIIs in the cash market seems to have halted for the moment. In addition, initialsigns of short closure of index futures by FIIs may lead to more short-covering in index heavyweights near supports. However, in case of a breakdown below 4680, sharp downsides in the Nifty may not be negated. Technology heavyweights are looking poised for short-covering if the Nifty finds support at the current level of 4800. Infosys and TCS have major supports at Rs 2,450 and Rs 735, respectively. Metals may find it hard to sustain at higher levels and short positions can be formed in Tata Steel and Hindalco in case the Nifty is unable to hold 4800. 3rd march The benchmark Sensex closed above an important psychological 17,000 mark for the first time since January 21, 2010. Fresh cash based buying in heavyweights and positive developments for Greece bailout helped theSensex to touch this level in the last minutes of trade. The index rallied nearly 750 points in these three days, especially since Budget day. Heavyweights played a big role in today's trade; especially Reliance Industries, which was the leader with 4% jump and closed above the Rs 1,000 mark. NTPC, SBI, ICICI Bank, HDFC Bank, HDFC, Infosys and ITC were among the others gainers. Jaiprakash Associates and Tata Power were the top gainers, which surged 6% and 5%, respectively. The 30-share BSE Sensex closed at 17,000.01, up 227.45 points or 1.36% and the 50share NSE Nifty rose 1.42% or 71.10 points to settle at 5,088.10. However, the Nifty March
Vivekanand Degree College

future ended at 5 points discount, as per provisional data. Eleven out of 50 stocks on theNifty closed in the red.

4thmarch

The Nifty recovered its morning loss and closed flat with a negative bias. Selling was seen in IT, oil & gas, and banking stocks. However, realty, metal, capital goods and power stocks witnessed buying interest. Stocks like Reliance, Infosys, ICICI Bank, ONGC HDFC were negative contributors to the bourses, while SAIL, L&T, DLF and Tata Steel were the positive contributors. The Sensex was down 28.31 points or 0.17% at 16971.70. It has touched an intraday high of 17,024.96 and an intraday low of 16,888.05. The Nifty was down 7.85 points or 0.15% at 5080.25. It has touched an intraday high of 5,096.95 and an intraday low of 5,049.

Market breadth was positive; about 1727 shares advanced, 1181 shares declined and 273 shares unchanged. Top gainers on the bourses were SAIL at Rs 237 up 4.59%, Suzlon Energy at Rs 77.65 up 4.44%, Unitech at Rs 78.50 up 3.22%, Reliance Comm at Rs 164.15 up 2.15%, DLF at Rs 304.45 up 2.08% and Reliance Infra at Rs 1,025.20 up 2.04%. Top losers on the Nifty were Axis Bank at Rs 1,121.65 down 2.37%, Cairn India at Rs 267.60 down 1.74% and Infosys at Rs 2,623.80 down 1.59%, Infosys at Rs 2,623.40 down 1.4%, Maruti Suzuki at Rs 1,459.50 down 1.2% and ICICI Bank at Rs 897.95 down 1.17%. In the realty space, Indiabulls Real, Orbit Corporation, Unitech, Sobha Developer , HDIL and DLF gained 2-4%. In the metal pack, Sesa Goa, Hind Zinc, SAIL, Guj NRE Coke and Ispat Industries surged 46%. In the FMCG sector, United Breweries, HUL and Dabur India were up 1-2%. In the capital goods segment, Suzlon Energy, Everest Kanto, Gammon India, Areva T&D and Crompton Greave were up 2-4%. However in the IT pack, Mphasis, Infosys, Aptech and Wipro delined 1-2%. In the oil & gas sector, Cairn India, BPCL, IOC and Reliance down 1%.
Vivekanand Degree College

In the banking space, IndusInd Bank, Oriental Bank, Axis Bank and Bank of India were down 2-3%. Most active shares on NSE - Tata Motors, Sesa Goa, Reliance, Tata Steel and Unitech. Top percentage gainers on the BSE were Sulzer at Rs 1,036.40 up 20%, Orient Press at Rs 80.25 19.96%, Maytas Infra at Rs 189.20 up 19.07%, Zuari Inds at Rs 600.30 up 16.06% and Indo Borax at Rs 76 up 13.94%. The BSE midcap and smallcap indices were up 0.80% each. Top gainers on the BSE Midcap - UB Holdings, MRF, Coromandel Int, 3M India and Apollo Tyres were up 6-12%. Top gainers on the BSE Smallcap - Sulzer, Zuari Inds, JK Tyre & Ind, Ceat and MSP Steel were up 10-20%. The markets reported total turnover of Rs 83597.91 crore. This included Rs 15311.35 crore from the NSE cash segment, Rs 63065.91 crore from the NSE F&O and the balance Rs 5220.65 crore from the BSE cash segment. 5thmarch

The Sensex and Nifty rallied 3.4% each this week especially post budget, which was on February 26. This rally was on the back of strong fund flows from FIIs. FIIs were net buyers to the tune of Rs 4,334.6 crore since Budget day. The Indian markets closed at one and half months high; the Sensex hit 17,000 mark and Nifty 5,100 during the week. All BSE sectoral indices ended in the green. Among frontliners, Suzlon Energy surged 12% and Tata Power rallied 10%. Bharti was up 7%. ITC, ACC and Reliance Communications gained 5% each. Heavyweight RIL went up 3%.

However, BPCL plunged 4.2%. ONGC and HCL Tech fell 2% each. The BSE Metal and Realty indices rose 7% each. Among the metal pack, Jindal Steel & Power surged 10%. Tata Steel and SAIL were up 7.5% each. Unitech from the realty space went up 8% and DLF up 6.5%. The BSE Auto Index was up 5.3%, as Tata Motors shot up 12%. M&M and Hero Honda were up 7% and 5%, respectively.

Vivekanand Degree College

The broader indices outperformed the benchmark indices; The NiftyJunior, CNX Midcap and BSE Small Cap indices rallied 5.3-5.8%. In the smallcap space, Ferro Alloys zoomed 70%. Mukand Engg and Tricom India gained over 26%. In the midcap space, Jet Airways climbed 23%. Gujarat NRE Coke was up 20% and Puravankara Projects up 15%. Non-banking finance companies rallied this week on the back of banking licence news in the budget. SREI Infra and Indiabulls Financial rose 14% each.

9th march Markets remained week throughout the day and ended in red. Sensex heavyweight Reliance Ind which closed at Rs 990.2 down 1.5%. The Sensex closed at 17,053 down 50 points or .29% and Nifty shut at 5,102 down 23 points or .44%. Nifty March future ended at 8.4 points discount. The breadth remained week and the markets reported low total turnover of Rs 73,021 cr. Among the Realty, Hdil was down 2.34%, Dlf was down 1.7% and Unitech was down by .66%. In Banking stocks, HDFC Bank up 1.75%, ICICI Bank up .22%, , SBI Bank down by 1.28% and Kotak Bank down by 1.77%. Auto stocks saw profit booking, Tata motors down by 3.24%, Herohonda down 2.03% and Bajaj Auto down 2.% In the metal space, Hindalco down by 2.56%, SAIL down by 1.48%, Jindal St Power was down 1.14% and Tatasteel was down by 1.29%. Among the oil & gas space, Reliance Ind was down by 1.5% Ongc was down by .57% and Gail was down by 1.03%. Among the Sensex gainers, Hdfc was up 2.13%, Hdfc Bank was up 1.75%, Maruti was up 1.52% and Sun Pharma was up 1.32%. While the losers were JP Associate down 3.4%, Tata motors down 3.24% and Hindalco down 2.56%

Vivekanand Degree College

10 th march

The markets ended positive after a volatile session as buying was seen in specific stocks like Hero Honda, Reliance, ACC, Hdfc and Nifty closed above the 5100 mark. Buying was seen in sectors like Oil & Gas, FMCG and Auto. The Sensex closed at 17,098 up 46 points or .27%. The Nifty shut at 5116 up .29% or 15 points after making a top of 5,137 and low of 5092. The market breadth was week and the markets reported total turnover of Rs 83,474 Cr. The Nifty March Future was trading at 17 points premium around the closing session.

Among auto stocks, Hero Honda gained 2.94%, Tata Motors up by .98%, M&M up by .58% and Maruti was down by 1.34%. In FMCG, HUL was up by 1.48% and ITC was up by 1.21%. In the banking space, Axis Bank was up 1.3%, Hdfc Bank was up .18% , SBI down by .38%, ICICI Bank down .7%, In the cement space, ACC surged over 2.21%. Grasim was up 0.67% and Ambuja Cements was up 0.5%. Among the technology space, Tcs gained 1.49%, Financial Technologies down by 1.01%, Infosys was down by .9% and Wipro down by.43% Among the Sensex gainers, Hero Hhonda was up 2.94%, ACC was up 2.21%, Reliacne was up 1.80% and JP Associate was up 1.75%.

While the losers were Maruti down 1.34%, Bharti Airtel down 1.1% and Ntpc down 1.38% 11th march

Markets opened up negative in early trade and remained sluggish however, it managed to close in positive. There was a stock specific movement in indices and Sugar stocks saw huge selling pressure Renuka sugar down by 5.5%, Balrampur Chini down by 3.35% and Bajaj Hind down by 1.65%. The benchmark index Sensex closed at 17,168 up 70 points after trading in the range of 17,215 17,054. The Nifty shut at 5,133 up 17 points after hitting a high of 5,153 and a low of 5102. Among the broader indices - the BSE Midcap Index was down by 0.15% and Smallcap was down .50%. Today's market breadth was week and Total Turnover was 83,341Cr.
Vivekanand Degree College

IT stocks were up today, Patni was up 1.96%, Tcs was up 1.31%, Wipro was up by 2.22% and Infosys Technologies was up .92%

In the Auto space, Herohonda was down .98%, Tata motors was down .97%, Maruti was down .91%, and and Mahindra & Mahindra was down by .52%

In the banking space, Axis Bank was up 1.89%, ICICI Bank was up 1.48%, SBI rose by .45% and Kotak Bank down by 1.96%. In Realty counters, we saw some profit booking in Dlf ended down .48%, Unitech down by .47 and Hdil down by .29%.

Among the Sensex gainers were Sun Pharma up by 2.97%, Sterlite Ind up by 2.12%, Bharti Airtel up by 1.98% and ICICI Bank up by 1.48%.

Among the Sensex losers were Hindustan unilever down 4.21%, Hindalco down by 1.72% RCom down 1.17% and ACC down by 1.08%. 12th march

Markets remained range bound throughout the day and ended flat. Sensex heavyweight Hindustan Unilever lost 4.02% . The Sensex closed at 17,167 down 1 points making high of 17,245 and low of 17,127 and Nifty shut at 5,137 up 4 points making high of 5,158 and low of 5,122. However Nifty March future ended at 11.1 points premium. The breadth remained week and the markets reported low total turnover of Rs 81,256 cr.

Among the Realty, Hdil was down 1.35%, Dlf was down .83% and Unitech was down by .27%.

In Banking stocks, HDFC Bank down 1.48%, ICICI Bank up .59%, , SBI Bank up .1% and Kotak Bank down by .25%.

Vivekanand Degree College

Auto stocks saw some buying, M&M up 1.14%, T Herohonda up .4%, Bajaj Auto up .82% and Tata motors down by 1.22%.

In the metal space, Hindalco down up 3.25%, Sterlite up by .88%, SAIL down by .49% and Jindal St Power was flat.

Among the oil & gas space, Reliance Ind was up by .46% Ongc was flat and Gail was up by .07%.

Among the Sensex gainers, Hindalco up by 3.25%, Bharti Airtel up by 1.77%, Tata power up by 1.75% and ITC up by 1.21%.

While the losers were Sun Pharma down by 2.10%, Rcom down by 2.05%, Bhel down by 1.70% and Hdfc Bank down by 1.48%.

15 th march

Market opened negative and remained week throughout trading session. There was a stock specific movement in Indices. Market was trading in a range bound and made an intraday High of 5151 and Low of 5101 and finally closed at 5129. The benchmark index Sensex closed at 17,165 up 2 points after trading in the range of 17,195 17,061. Among the broader indices - the BSE Midcap Index was down by 0.74% and Smallcap was down .83%. Today's market breadth was week and Total Turnover was 75,767Cr.

IT stocks were up today, Wipro was up by 2.71%, TCS was up 2.27% and Infosys Technologies was up 1.070%

In the Auto space, Tata Motors was up by .91%, Mahindra & Mahindra was down by 2.27%, Herohonda was down .36% and Maruti was down 1.19%.

In the banking space, Hdfc Bank up .58%, Axis Bank was down 1.05%, ICICI Bank was down 1.44%, SBI down by 1.45% and Kotak Bank down by 2.1%.
Vivekanand Degree College

In Oil & Gas counters, Reliance was up by .64%, ONGC was down by 1.40% and Gail was down by 1.37%.

Among the Sensex gainers were Wipro up by 2.71%, HUL up by 2.62%, JP Associate up by 2.38% and TCS up by 2.27%.

Among the Sensex losers were M&M down 2.27%, Reli Infra down by 2.33% Sun Pharma down 1.77% and ACC down by 1.61%.

16 th march

After six days of range bound trading market made an upward breakout and ended at days high. There was buying seen in heavy stocks like by Reliance, Tata Steel, L&T & M & M. The Sensex closed at 17,383 up 218 points and the Nifty shut at 5198 up 69 points after making a top of 5,209 and low of 5126. The market breadth was strong and the markets reported total turnover of Rs 95,070 Cr. The Nifty March Future ended at 7 points premium. The BSE Midcap Index was up by 1.08% and Smallcap was up 1.28%.

Among auto stocks, M&M up by 2.66%, Tata Motors up by 2.34%, Maruti was up by.96% and Hero Honda down by .03%.

In Metal space, Tata Steel up by 2.82, Sail up by 2.63%, Hindalco up by 2.35% and Sterlite up by .58%.

In the banking space, ICICI Bank was up .8%, Axis Bank up by .47%, SBI down by .01% and Hdfc Bank was down by .36%

In the cement space, ACC down by 1.26%. Grasim was up 0.68% and Ambuja Cements was up 0.04%.

Among the technology space, Financial Technologies up by 1.48%, Tcs gained 1.40%, Infosys was up by 1.15% and Wipro up by.01%
Vivekanand Degree College

Among the Sensex gainers, Reliance up 3.80%, Tata Steel up 2.82, L &T up 2.80 and M & M up by 2.66%.

While the losers were Bharti Airtel down 1.60%, ACC down by 1.26%, Hdfc Bank down by.36%, JP Associate

17 th march

Market managed to close positive for second consecutive however, there was some profit booking seen at higher levels. We saw buying in stocks like Cipla up 5.10%, Hindalco up 2.33% and ICICI Bank up 1.97%. There was a stock specific movement in Midcap & Small Cap. Market made an intraday High of 5261 and Low of 5177 and finally closed at 5132. The benchmark index Sensex closed at 17,490 up 107 points after trading in the range of 17,577 17,389. Among the broader indices - the BSE Midcap Index was up by 0.17% and Smallcap was down .14%. Today's market breadth was slightly weak and Total Turnover was 1,17,701Cr.

IT stocks were up today, Financial Technologies up 2.43%, TCS was up 1.76%, Wipro was up by 1.61% and Infosys Technologies was up .25%

In the Auto space, Hero Honda was up 1.17% , Tata Motors was down by .83%, Mahindra & Mahindra was down by .90% and Maruti was down 1.73%.

In the banking space, ICICI Bank was up 1.97%, Axis Bank was up .05%, SBI was up by .5%, Kotak Bank up by .47% and Hdfc Bank up by .14%,.

In Metal counters, Hindalco was up by 2.33%, SAIL was up by 1.27%, Tata Steel was up .92% and Sterlite was up .23%.

Among the Sensex gainers were L&T up by 1.62%, ITC up by 1.23%, Hdfc up by 1.22% and Bharti Airtel was up 1.09%.

Vivekanand Degree College

Among the Sensex losers were Maruti down 1.73%, HUL down by 1.28%, Tata Power down 1.15% and M&M down by .9%.

18 th march

Market closed positive for third consecutive after a volatile session, There was buying seen in specific stocks like MRF up by 11.63%, Ceat up by 8.26% and Apollo Tyre up by 6.13%. Market made an intraday High of 5256 and Low of 5214 and finally closed at 5246. The benchmark index Sensex closed at 17,519 up 29 points after trading in the range of 17,548 17,418. Among the broader indices - the BSE Midcap Index was up by 0.37% and Smallcap was up .06%. Today's market breadth was weak and Total Turnover was 92,806Cr.

IT stocks were mix today, Financial Technologies up 2.05%, Infosys Technologies was up 1.66%, TCS was down 1.64% and Wipro was down by 1.47%.

In the Telecom space, Idea was up by 4.66%, RCom was up by 2.11 and Bharti Airtel was up by .69%

In the banking space, ICICI Bank was up 1.19%, Axis Bank was up 1.68%, SBI was up by .18%, Kotak Bank down by .89% and Hdfc Bank down by .23%.

In Metal counters, Hindalco was up by 1.56%, SAIL was up by 2.21%, Tata Steel was up .90% and Sterlite was down .92%.

Among the Sensex gainers were JP Associates up 2.53%, RCom up 2.11%, Infosys up 1.66% and Hindalco up 1.56%

Among the Sensex losers were M&M down 3.32%, ONGC down by 1.88%, Tata Power down 1.27% and NTPC down by 1.25%.

Vivekanand Degree College

19 th march

Market closed positive for fourth consecutive after a side way movement, There was huge buying seen in Telecom stocks like Bharati up by 3.65%, RCom up by 1.98% and Idea up by 2.08%. Market made an intraday High of 5270 and Low of 5237 and finally closed at 5263. The benchmark index Sensex closed at 17,519 up 59 points after making a high of 17,601 and low of 17,502. Among the broader indices - the BSE Midcap Index was up by 0.7% and Smallcap was up .37%. Today's market breadth was positive and Total Turnover was 93,932Cr which was .

IT stocks were down today, TCS was down .82% , Financial Technologies was down .56%,Wipro was down .38% and Infosys Technologies was down by .35%.

In the banking space, SBI was up by 1.42%, Hdfc Bank up by .84%, , Axis Bank was up .84%, ICICI Bank was down .58% and Kotak Bank down by 1.30%.

In Metal counters, SAIL was up by 1.13%, Tata Steel was up .80%, Sterlite was down .11% and Hindalco was down by .43%.

In Auto Space, Hero Hondawas up 1.76%, Maruti was up.50%, Tatamotors was up.46% and M&M was down by 1.27%.

Among the Sensex gainers were Hero Honda up 1.76%, SBI up 1.42%, HUL up 1.66% and Reliance up by 1.37%

Among the Sensex losers were Hdfc down 1.55%, DLF down by 1.36%, M&M down 1.27% and TCS down by .82%.

22th march

There was profit booking seen in the Market and finally market managed to close above 5200 mark. Realty Sector were major loser's today, IBull Real Estate down 6.68%, Hdil down 5.78%, Dlf down 3.61% & Unitech down by 3.12%. Market made an intraday High of 5261
Vivekanand Degree College

and Low of 5187 and finally closed at 5205. The benchmark index Sensex closed at 17,411 down 168 points after trading in the range of 17,559 17,337. Among the broader indices the BSE Midcap Index was down by 1.05% and Smallcap was down .85%. Today's market breadth was weak and Total Turnover was 1,19,523Cr which was more than perivous day Volume.

Oil & Gas stocks were mix today, ONGC was up by .37%, Reliance down by 1.46% & Gail was down by 1.33%.

In the Telecom space, RCom was up by 1.88, Bharti Airtel was up by 1.43% & Idea was down by 1.75% In the banking space, Hdfc Bank up by 1.11%, ICICI Bank was down 2.03%, Axis Bank was down .72% & SBI was down by .85%. In Metal counters, Hindalco was down by 3.36%, SAIL was down by 3.20%, Tata Steel was down 2.16% and Sterlite was down 1.57%. Among the Sensex gainers were Rcom up 1.88%, Bharti Airtel up 1.43%, Tcs up .6% and Sun Pharma up .39% Among the Sensex losers were JP Associates down 4.34%, DLF down 3.61%, Tata Motors down 3.02% and Hdfc down by 2.49%.

23 th march

Market opened positive and after a range bound trade it closed at 5225. There was buying seen in Pharma Sector, Oil & Gas space & Realty Sector were major loser's. Market made an intraday High of 5244 and Low of 5193 and finally closed at 5225 up 20 points. The benchmark index Sensex closed at 17,451 up 40 points after trading in the range of 17,531 17,357. Among the broader indices - the BSE Midcap Index was down by .20% and Smallcap was up .31%. Today's market breadth was weak and Total Turnover was 1,35,298Cr which was more than perivous day Volume.

In Pharma Space, Dr. Reddy was up 2.73%, Ranbaxy was up 2.49%, Cipla was up 2.46%, and Divis Laboratories was up by 1.84%.

Vivekanand Degree College

In the Telecom space, Idea was down by 3.70%, Bharti Airtel was down by 3.% and RCom was down by .29%.

In the banking space, Hdfc Bank up by 2.52%, Axis Bank was up 1.21%, SBI was up by .30% & ICICI Bank was down 1.05%.

In Auto counters, Tata Motors down by 2.76%, Hero Honda down by .45%, Maruti down by .34% and M&M down by .02%.

Among the Sensex gainers were Hdfc Bank up 2.52%, Tata power up 1.45%, Reliance up 1.43% and Tata Steel up by 1.20%.

Among the Sensex losers were Bharti Airtel down 3%, Tata Motors down 2.76%, DLF down 2.06% and Grasim down by 1.37%. 26th march

Market continue to close positive for third consecutive day. It

was seen that some stock

specific buying in sectors like Banking & Auto Sector. Market managed to close near day's high, Before making an intraday High of 5294 and Low of 5261 and finally closed at 5282 up 22 points. The benchmark index Sensex closed at 17,645 up 86 points after making an intraday high of 17,683 17,559. Among the broader indices - the BSE Midcap Index was up by .71% and Smallcap was down by .03%. Today's market breadth was weak and Total Turnover at 75,954Cr.

In the banking space, Axis Bank was up 3.23%, ICICI Bank was up 1.91%, Hdfc Bank up by 1.16% & SBI was up by 1.09%.

In Auto counters, Tata Motors up by 3.36%, M&M up by 2.20%, Maruti up by 1.76% & Hero Honda down by .81%

Vivekanand Degree College

In Realty Space, IBull Realty up by 5.55%, Dlf down by 1.3%, Hdil down by .90% & Unitech down by .83%.

In the FMCG space, HUL up by 2.61%, ITC up by .17% & Colgate down by 1.71%.

Among the Sensex gainers were Tata Motors up by 3.36%, HUL up by 2.61%, M&M up by 2.20% and Icici Bank up by 1.91%.

Among the Sensex losers were Rel Infra down by 1.49%, DLF down by 1.30%, Bharti Airtel down by 1.15% and Infosys down by 1.%.

29 th march

Market made a new high today and managed to close positive for fourth consecutive day. We saw some stock specific buying in stocks like Ruchi Infra up 20.06%, Valechaeng up by 11.51%, LIC up by 8.57% & Glenmark Pharma up by 5.19%. Market managed to close above 5300 mark, Before making an intraday High of 5330 and Low of 5242 and finally closed at 5303 up 21 points. The benchmark index Sensex closed at 17,711 up 67 points before making an intraday high of 17,793 & low of 17,639. Among the broader indices - the BSE Midcap Index was up by .25% and Smallcap was down by .44%. Today's market breadth was weak and Total Turnover was at 74,292Cr.

In IT space, Infosys was down by 2.23% , Tcs was down by 1.70%,Wipro was down by .10% & Financial Technology was up by .30%

In the Metal counter, Hindalco was up by 3.23%, Sterlite was up by 2.01%, Tata Steel was down by .19% & Sail was down by .61%.

In the banking space, SBI was up by 1.05%, Hdfc Bank was up .86%, ICICI Bank was up .56%, Axis Bank up by .68%.

Vivekanand Degree College

In Auto counters, M&M was up by 2.69%, Tata Motors was down by 1.33%, Bajaj Auto was up by .40% & Hero Honda was down by .04%

Among the Sensex gainers were Hindalco up by 3.23%, M&M up by 2.69%, Hdfc up by 2.04% and Sun Pharma up by 1.96%.

Among the Sensex losers were Infosys down by 2.23%, Tcs down by 1.70%, Reliance down by .47% & Rel Infra down by .42%.

30 th march

The benchmark Nifty slipped into red after four consecutive days of uptrend and closed below the 5300 mark on back of profit booking. The Sensex also shed more than 120 points on selling in technology, pharma, telecom, banking & financial (except ICICI Bank), auto (except Tata Motors) and select cement companies' shares. Investment Analyst, R Balakrishnan said there was a little bit of stress at these levels. "The fund flow is not there to support buying and plus we will see lot of March 31 kind of portfolio reshuffle," he has said. However, he said, "The trend is still intact. The gains will be slow to happen but there is a good nice consolidation happening. So I would not be unduly worried." The markets were quiet in the first half of trade, but turned into the red in last couple of hours. The Nifty April future also lost its premium and ended with just 3 points premium, as per provisional data. However, DLF, Sterlite, BHEL, Tata Motors, Cairn, ICICI Bank, SAIL, ONGC, HUL, PNB, Unitech, ACC and ABB were the only gainers. The 30-share BSE Sensex closed at 17590.17, down 121.18 points or 0.68% and the 50-share NSE Nifty loses 0.76% or 40.40 points to settle at 5262.45. However, the broader indices outperformed the benchmark indices; the BSE Midcap Index was up 0.15% and Smallcap up 0.78%. Today's new listing - ILandFS Transportation Networks closed at Rs 273.75, up 6.10% over its issue price of Rs 258 per share. MD of ITNL, K Ramchand said that the company has 19 road projects of which eight projects have been commissioned. We are confident of maintaining margins going forward.
Vivekanand Degree College

Technology companies' shares remained losers in trade today as well due to rupee appreciation, which will impact their profitability. The Indian rupee was trading at 45.12 per US dollar. Infosys and HCL Tech slipped 2.6-3%. TCS and Wipro declined 1.5-2%. Telecom stocks like Bharti, Reliance Communications and Idea also tumbled; ended 0.4-1% down. Pharma stocks, after seeing rally for last few days, also witnessed profit booking. Sun Pharma slipped 2.6%. Ranbaxy Labs and Cipla went down 1% each. 31st march

The benchmark Nifty closed last session of the fiscal year 2009-2010 with modest losses on the back of stock specific selling. It slipped below the 5250 level and continued profit booking for the second consecutive day. However, the benchmark indices showed outstanding performance in FY10, rallied over 70%. In today's trade, heavyweights dragged the index into negative terrain. Reliance Industries, TCS, Infosys, ITC, BHEL, ICICI Bank and HUL were the losers while NTPC, SAIL, HDFC, HDFC Bank, Bharti, Wipro and Reliance Communications were gainers in trade. The 30-share BSE Sensex shed 62.40 points to close at 17,527.77 and the 50-share NSE Nifty fell 13.35 points to settle at 5,249.10. However, the benchmark indices outperformed the benchmark indices today as well; the BSE Midcap index was up 0.25% and Smallcap up 0.5%. Weak Asian cues also weighed on the markets. Straits Times lost 1.6%. Shanghai, Hang Seng, Jakarta, Kospi and Taiwan were down 0.4-0.75%. Nikkei was flat. European markets were flat in trade, at the time of closing of Indian equities. Reliance Industries from the oil & gas space declined 1.3% and BPCL was down 0.78% while GAIL and Cairn India went up 2-2.55%. ONGC was flat. TCS from the technology segment slipped 2.4% and Infosys lost 1%. HCL Tech was down 0.25% while Wipro rose 0.76%. In the banking space, ICICI Bank went down 0.76%; SBI and Axis Bank were down 0.20.4%. However, HDFC went up 3%. HDFC Bank was up 1.4% and PNB up 0.5%.

Vivekanand Degree College

SENSEX MILSESTONES
The Sensex crossed the 1,000 mark on July 25, 1990; the 2,000 mark on January 15, 1992; the 3,000 mark on February 29, 1992; the 4,000 mark on March 30, 1992; The 5,000 mark on October 11, 1999; the 6,000 mark on January 2, 2004; the 7,000 Mark on June 21, 2005; the 8,000 mark on September 8, 2005; the 9,000 mark on December 09, 2005; and finally the historic 10,000 mark on February 7, 2006. It Created another landmark when it touched 11,000 on March 27, 2006. The Sensex Closed at a high of 12,903 on 28 Oct 2006. To reach from the 11,000 mark to the 12,000 marks only took 19 working days, the shortest time interval for 1000 points Climb in BSE Sensex history, surpassing the just set record of 29 days that it took to reach 11,000 from 10,000. Here is a timeline on the rise and rise of the Sensex through Indian stock market history.

1000, July 25, 1990 - On July 25, 1990, the Sensex touched the four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results. 2000, January 15, 1992 - On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh. 3000, February 29, 1992 - On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh. 4000, March 30, 1992 - On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling. 5000, October 11, 1999 - On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election. 6000, February 11, 2000 - On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006. 7000, June 21, 2005 - On June 20, 2005, the news of the settlement between the
Vivekanand Degree College

Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time. 8000, September 8, 2005 - On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.

Vivekanand Degree College

FINDINGS
January The Manmohan Singh government and the Reserve Bank of India governor Duvvuri Subbarao slashed taxes and opened the floodgates of liquidity boosting people morale that brought back global investors Mr Ramalinga Raju, chairperson of Satyam Computer Services disclosed an accounting fraud, leading to the stock crashing more than 85% in a couple of sessions. . The benchmark indices opened on a flat note but soon edged downward, as negative cues from global markets weighed on investor sentiments February - The Sensex closed on flat note in a volatile session .The markets did not get support from the Economic survey and the Finance Ministers statement that the Indian economy is strong and will return to 9% growth rate by 2011-12. Sensex was seen negative after arise in inflation. MNC pharma stocks showed mixed trend. Tata Motors's has had a very strong start to 2010 with global sales for January growing by 93% on a year on year basis. These sales comprise of Tata, Tata Daewoo and Hispano Carrocera range of commercial vehicles, Tata passenger vehicles along with distributed brands in India, and Jaguar and Land Rover March Huge buying seen in Telecom stocks like Bharati ,RCom,Idea.and in pharma Volatile session was seen as buying was seen in specific stocks like Hero Honda, Reliance, ACC, Hdfc and Nifty closed above the 5100 mark.
The Sensex and Nifty rallied 3.4% each post budget, which was on February 26.

Vivekanand Degree College

CONCLUSIONS
India has been witness to a four-year up and down cycle in the stock markets. Since 1992, the Indian markets have peaked every fourth year and then dropped 35-45% during the next three years. What is surprising though is that the Dalal Street has bucked the trend this time around. Some of the major conclusions derived in the study are as under. Declaration of any financial result and other information of the company has direct effect on its stock price. News related to any political and economical affair has also the direct effect on stock market. In short, the following hypothesis have been tested and proved positive. Any fluctuation in foreign market has more effect on Indian stock market than that of domestic market. In the given volatile economic conditions, the market is efficient to any news and information. At the end it is concluded that following are Major factors, which have generally contributed to fall & rise in SENSEX & NIFTY: 1. US economic growth 2. Crude oil prices 3. Emerging market valuations 4. Foreign direct investment (FDI) 5. Capital spending 6. Equity supply 7. Government policy toward foreign firms 8. Politics 9. Domestic risk 10. Foreign institutional investors (FII) withdrawals 11. US Fed interest rates 12. Indian industry growth 13. Budget 2006-07 and finance bill 14. Tax circular regarding transaction tax to FII.
Vivekanand Degree College

SUGESSTIONS
After this study, I would like to give following recommendations, which can help to the Investors, Brokers and SEBI and the policy makers in general. Investors I would suggest that Long term Investors should not invest into panic market, which led investors to erode their wealth. I would also suggest that Investors should take into consideration various things before investing into scripts such as: Long term growth prospect in company 1. Financial positions of company 2. Liquidity position 3. Dividend policy 4. Past performance of company Brokers 1. Brokers should separate their portfolio from High Net worth Individuals (HNI). 2. Brokers should not exceed their trading limit in terms of upper and lower limit. 3. Brokers should not go for margin trading which results into defalcation to the investors. 4. Brokers should go for margin trading where HNIs are major clients because of reputation working with them to some extent.

Vivekanand Degree College