18
Devangshu Datta T he breakout over the past few sessions has pushed the market indices to new 52-week highs. Under such circumstances, there is only one action for a trend- following trader: Stay long with some sort of trailing stop loss or “sell” signal. One practical difficulty is finding a sell signal that doesn’t have a serious lag. A breakout this sharp is not amenable to target-setting. The minimum targets have been achieved. The market could reverse from these levels, or the indices could move by an indefinite amount. So the upside is indeterminate. On the downside, possible retraction levels will be easier to set once we see a clear peak established. Then one could use retraction calculations involving Fibonacci levels, or Gann, to find likely points to which the market may correct. In practical terms, traders must watch the 5,450 level from where the breakout started. Corrections or retractions should find support from there. A close below 5,450 would be a serious danger signal. Typical trend following systems use combinations of moving average crossovers and/or 20-day lows (or 20- day highs in the case of a downtrend) to generate sell signals. The 20-day Nifty low is 5,215, which would not be very useful since it’s way below current prices. A moving average crossover sell signal constructed with say, a 20-day average rising above a 10-day average, also has a great deal of lag. Fine tuning sell signals with shorter timeframes (say for example, 10-days lows, or 7 day moving average versus 14 day MA) risks being stopped out of a valid long position on a minor correction. Breadth signals and liquidity can also be brought into the picture. A weighted index like the Nifty or the Sensex can rise on the basis of an upmove in a few high- weighted shares, even if a larger number of low- weighted shares move down. In this case, the advance- declines ratio has been very positive so far. A rise backed by volumes, which has also been the case in this instance, is also likely to be more sustainable. A trader might watch for signals such as an adverse advance-declines ratio and a drop in volumes as potential sell signals. Or he may just hedge with a cheap set of deep puts like say, the 5,200p or the 5,300p. There is no single fool- proof method of limiting losses if the market suddenly reverses direction at high speed. This is a common problem for the trader. My personal inclination would be to use a combination of signals and maybe, rollover deep long puts if the long position stays alive going into the October settlement. The author is a technical and equity analyst Q&A: Pankaj Pandey, Head- Retail Equity Research, ICICI Sec Weak monsoon: Potential gainers and losers Tech view: Pivot point for Nifty is 5,600 INSIDE In practical terms, traders must watch the 5,450 level from where the breakout started HOW TO IDENTIFY ‘SELL’ SIGNALS The market could reverse from these levels, or the indices could move by an indefinite amount. So the upside is indeterminate 18 September 20112, Mumbai

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Page 1: 18 September 20112, Mumbai HOW TO IDENTIFY ‘SELL’ …smartinvestor.business-standard.com/emag/data/pdf/18sep12.pdf · Adani Power) could gain from ... monsoons", believe Vikram

Devangshu Datta

The breakout over thepast few sessions haspushed the market

indices to new 52-weekhighs. Under suchcircumstances, there is onlyone action for a trend-following trader: Stay longwith some sort of trailing stoploss or “sell” signal. Onepractical difficulty is finding asell signal that doesn’t have aserious lag. A breakout thissharp is not amenable totarget-setting. The minimumtargets have been achieved.The market could reverse fromthese levels, or the indicescould move by an indefiniteamount. So the upside isindeterminate.

On the downside, possibleretraction levels will be easierto set once we see a clearpeak established. Then onecould use retractioncalculations involvingFibonacci levels, or Gann, tofind likely points to which themarket may correct. Inpractical terms, traders mustwatch the 5,450 level from

where the breakout started.Corrections or retractionsshould find support fromthere. A close below 5,450would be a serious dangersignal.

Typical trend followingsystems use combinations ofmoving average crossoversand/or 20-day lows (or 20-day highs in the case of adowntrend) to generate sellsignals. The 20-day Nifty lowis 5,215, which would not bevery useful since it’s waybelow current prices. Amoving average crossover sellsignal constructed with say, a20-day average rising above a10-day average, also has agreat deal of lag. Fine tuningsell signals with shortertimeframes (say for example,10-days lows, or 7 daymoving average versus 14 dayMA) risks being stopped out ofa valid long position on aminor correction.

Breadth signals andliquidity can also be broughtinto the picture. A weightedindex like the Nifty or theSensex can rise on the basisof an upmove in a few high-

weighted shares, even if alarger number of low-weighted shares move down.In this case, the advance-declines ratio has been verypositive so far. A rise backedby volumes, which has alsobeen the case in this instance,is also likely to be moresustainable. A trader mightwatch for signals such as anadverse advance-declinesratio and a drop in volumes aspotential sell signals. Or hemay just hedge with a cheapset of deep puts like say, the5,200p or the 5,300p.

There is no single fool-proof method of limitinglosses if the market suddenlyreverses direction at highspeed. This is a commonproblem for the trader. Mypersonal inclination would beto use a combination ofsignals and maybe, rolloverdeep long puts if the longposition stays alive going intothe October settlement.

The author is a technicaland equity analyst

�� Q&A: Pankaj Pandey, Head-Retail Equity Research, ICICI Sec

�� Weak monsoon: Potentialgainers and losers

�� Tech view: Pivot point for Nifty is 5,600INSIDE

In practical terms, traders must watch the 5,450 level from where the breakout started

HOW TO IDENTIFY ‘SELL’ SIGNALS

The market couldreverse from theselevels, or theindices could moveby an indefiniteamount. So theupside isindeterminate

18 September 20112, Mumbai

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TALK SHOW

2

Rally won’t fizzle out too soonIInn yyoouurr ooppiinniioonn,, hhaass aannyytthhiinngg cchhaannggeeddffuunnddaammeennttaallllyy ffoorr tthhee IInnddiiaann mmaarrkkeettss aanndd ddoo yyoouusseeee tthhiiss rraallllyy ccoonnttiinnuuiinngg??Even though nothing much has changed onfundamental levels, the liquidity in the globalmarkets will keep the momentum going. So themarkets will remain buoyant for some moretime. With respect to fiscal consolidation, if theGovernment carries out a few more steps, thiswill further improve market sentiment andhence the downside will becapped. This rally, in my opinion,will not fizzle out too soon.

AAtt wwhhaatt lleevveellss ddoo yyoouu sseeee pprrooffiittbbooookkiinngg ccoommiinngg iinn?? WWhhaatt aarree tthheekkeeyy ffaaccttoorrss tthhaatt ccaann ttrriiggggeerr aaccoorrrreeccttiioonn??In the current rally, banks havebeen leading the up move. So, if the non-performing assets (NPAs) continue to pile on, itwill be a major drag. Also, if Governmentchooses to remain silent from here on we maysee some profit booking coming in at higherlevels.

HHaass tthhee GGoovveerrnnmmeenntt ddoonnee eennoouugghh ttoo aavveerrtt aarraattiinnggss ddoowwnnggrraaddee??The Government surely has taken some initialsteps to reign in the worsening macro situation.So the early indications are positive but we havea long way ahead to manage fiscal deficit. Sofrom a ‘no hope’ scenario, we have moved on tosome hope. That's why I think we may not see aratings downgrade soon.

DDoo yyoouu tthhiinnkk tthhaatt tthhee ttiimmee iiss rriigghhtt ttoo ccuutt oonnddeeffeennssiivveess aanndd ggoo ffoorr hhiigghh bbeettaa nnaammeess??I wouldn’t say so. On the contrary, I would saythat one has to use the correction in defensivecounters to accumulate them so that in case therally fizzles out, defensives will catch up. Withrespect to high beta, those counters should belooked upon if one has a four – five year horizon,as I don’t see any drastic improvement comingalong in this space in the near future.

WWhhiicchh aarree tthhee sseeccttoorrss tthhaatt yyoouu wwoouullddbbeett oonn aanndd wwhhyy??I would like a mix of defensive and betastocks. FMCG, IT and pharma continueto remain among my likes. Banking andauto counters among the beta names.

WWhhaatt iiss yyoouurr vviieeww oonn ffoorreeiiggnn fflloowwss??India will continue to attract foreign flows, as theeconomic condition in other economies,particularly the West, continues to remain undersignificant pressure. Also, China is wobbly at thispoint in time. In such a situation, India seems tobe attractive as our present woes aremanageable. As long as crude and commodityprice do not spike, India will remain an attractiveinvestment destination.

WWhhaatt iiss yyoouurr aaddvviiccee ttoo iinnvveessttoorrss iinn tthhee ccuurrrreennttmmaarrkkeett sscceennaarriioo??I would say one has to be patient in the currentmarket as you never know if the worst is behindus. So, keep investing and over the long-term. Iexpect the tide to turn around.

PPaannkkaajj PPaannddeeyy,,Head of RetailEquity Research,ICICI Securitiesspoke to JJiinnssyyMMaatthheeww onvarious sectors,foreign flowsand marketoutlook

The Governmentsurely has taken

some initial steps toreign in the

worsening macrosituation

Read more...

Ravi Nathani, Technical analyst,Nsetoday.com

Markets (Nifty) has changed its trend, a freshbull rally is about to start very soon whereasNear term Index might attract profit booking,however best trading strategy to trade wouldbe buy on dips. Strong support for Nifty isexpected at 5448 & Resistance is .....

Ranak Merchant, Technical Analyst -Strategies, Sushil Financial Services

As Becnhmark Indices have tested 52 weekhighs in yesterday's trade and Europeanmarkets are seeing some kind of profitbooking, the same can be expected in ourmarkets. Some profit booking is on the cardsand therefore new positions are not......

Read more...

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3

FEATURES

Sheetal Agarwal

Though the monsoon has seensome pick up in the months ofAugust and September, experts

believe it is a case of too little, too late.Leading brokerage house EnamSecurities writes in its note datedSeptember 14th 2012, "While of late therain deficit has come down, late sowingand weak rains will also bring downoverall crop yields. Rural demand is setto weaken due to rising farm costs, poormonsoons, and weakness in Servicesgrowth. Thus, private consumption (57per cent of GDP) growth, that has beenthe mainstay of India’s overall growth, islikely to remain erratic and belowpotential."Weak monsoons are likely to have a

mixed impact on India Inc. Consumptionand agriculture driven sectors such asautomobiles, consumer staples and agri-inputs are likely to be worst hit, sayanalysts. Further, hydroelectricity utilitieswill also feel the heat due to a weakmonsoon. Indirect impact of weakmonsoons will be felt by Banks andFinancials in case government easesloan repayment norms or waivers foragri-dependent borrowers. Whileslowdown in rural demand will hurtauto and FMCG companies, the rise inagri-based inputs (sugar, coffee, etc) willpush up the raw material costs for FMCGplayers thereby impacting their marginsas well. Further, given the alreadyslowing down economic growth,companies may not be able to pass onthese higher costs to the end users.Lower demand for agri inputs such asfertilisers is also likely to have a bearingon stocks such as United Phosphorus,Coromandel, GSFC, Rallis, amongstothers. Positively, construction/roads andhydropower companies will gain from a

weak monsoon. This is because theconstruction activity can now continuefor a longer period. Also, thermal powercompanies with exposure to merchantpower (JSW Energy, Lanco Infratech,Adani Power) could gain from loweroutput at hydropower plants and mayalso be able to hike prices in certaincases."On the expenditure side, we expect

the very weak monsoons to have animpact on rural consumption demand,and exacerbate weakness in investmentdemand. Rural demand has been robustthus far, as evidenced by the strongvolume growth of consumer companiesin rural areas. However, we expect thisto moderate due to the impact of the

monsoons", believe Vikram Sahu andAditya Soman of Goldman SachsResearch.A weak monsoon will likely add to

the woes of the banking sector which isalready struggling with slowing creditofftake and worsening asset quality.Banks have about 38 per cent exposureto states affected by poor monsoons.Notably, public sector banks such asDena Bank, Punjab & Sind Bank, VijayaBank and Bank of Maharashtra haveabout 75-90 per cent of their totalbranches in monsoon-deficient stateswhile larger PSUs such as Bank ofBaroda (55 per cent) and PunjabNational Bank, Bank of India and Canarabank (30-40 per cent) have relativelylower rural presence. State Bank of Indiahas close to 21 per cent exposure to

these states. Announcement of any loanwaivers/loan restructuring to the agri-dependent borrowers could pose risks tothe banks. Thus, the banks' non-performing assets as well as provisioningcould go up significantly in such ascenario."Our worry on restructuring/re-

scheduling NPA recognition in case ofaffected farmers is not immediate andclarity regarding classification of thesecrop loans as restructured accounts islimited. Thus, risk of a large inch-up inimpaired loans is low near-term but webelieve re-scheduling impacts Agriportfolio significantly as they will takefresh cash credit for the next croppingseason and they will have an additionalAgri term loan to service along with hisnew cash credit facility. This increasesthe need of government support/waiversthough fiscal situation will limit theability of the government to move onwaivers", believes AdarshParasrampuria, banking analyst atPrabhudas Lilladher.Historical data suggests that FMCG

stocks have largely under-performed inyears of weak monsoon. ITC, though, isan exception to this trend. Notably, itgets a major chunk of revenue andprofits (42 per cent and 80 per cent,respectively) from the cigarettes whileother FMCG and agri sales together formabout 40 per cent. Thus, it is relativelyless impacted during poor monsoonyears. In sharp contrast, HUL and Daburscrips have underperformed in poormonsoon cycles. .Further, sectors largely dependent on

replacement demand such as batteriesand tyres remain largely unaffected bymonsoon. Interestingly, air conditionermakers such as Voltas also benefit fromweak rains as the demand for ACs heatsup due to the prolonged summer.

Weak monsoon: Potential gainers and losersRural demand is set to weaken due to rising farm costs, poor monsoons and weak services growth

Indirect impact of weak monsoonswill be felt by Banks and

Financials in case governmenteases loan repayment norms orwaivers for agri-dependent

borrowers

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4

Abhishek Vasudev

The markets snapped their nine-daywinning streak to end marginallylower on Tuesday, amid weak global

cues, as investors booked profits in indexheavyweight Reliance Industries afterrecent gains.

The Sensex slipped 46 points to18,469 and the 50-share Nifty slipped 10points to close at 5,600 levels.

According to Ranak Merchant,Technical Analyst - Strategies, SushilFinancial Services, "Becnhmark indicestested 52-week highs in yesterday's tradeand European markets also witnessedsome kind of profit booking, the same wasexpected in our markets. Some profitbooking was on the cards and thereforenew positions are not advisable at currentlevels and a trailing stop loss needs to bein place for all trading positions."

"Broader range for Nifty for Octoberseries is expected to be 5450 - 5700,"adds Merchant.

Meanwhile, the Asian markets endedon a weak note as markets paused fromsharp gains inspired by the FederalReserve's aggressive stimulus and turnedinstead to concerns about the growthslowdown in China. The Hang Seng ended

weaker by 0.3% or 56 points at 20,601,Shanghai Composite slipped 19 points to2,059 and the Nikkei closed weaker by 36points at 9,124.

The European markets were alsotrading lower as investors turned theirattention from central bank stimulus toslowing global growth and uncertaintyabout Spain's desire for an internationalaid package.

Investors are worried about Spain'swillingness to accept an EU/IMF bailoutand this has overshadowed the recentprogress policymakers have made infighting the euro zone debt crisis. CAC40index was trading weaker by 44 points or1% at 3,509, DAX shed 82 points or 1.2%at 7,321 and the FTSE slipped 5 points to5,842 levels.

Back home, soaring vegetable pricespushed up the retail inflation to doubledigits at 10.03% in August, up from 9.86%

in the previous month.According to the Consumer Price Index

(CPI) data released today, the highest risein prices was for vegetables whichrecorded, an increase of 20.79% duringthe month.

Meanwhile, the Indian rupeestrengthened against the US dollar as therupee recovered to 54.05 levels from54.36 in the opening deals.

Wipro and TCS from the IT space wereamong the top losers on the Sensex. Boththe stocks fell 3.7 and 3% eachrespectively.

TCS was down on concerns over Jul-Sep earnings.

Index heavyweight Reliance Industrieswhich gained 11% in last four tradingsessions witnessed profit taking andslipped 2% to end at Rs 855. BHEL wasthe top gainer among the Sensex stocks. Itjumped 5.3% to Rs 225 after the companyclarified that the ongoing controversy overcoal allocation for power plants would nothave any impact on its operations.

Banking shares mainly public sectorundertaking (PSUs) banks extend theirprevious day’s rally. The broader marketsoutperformed the benchmark indices. TheBSE mid-cap index gained 0.8% andsmall-cap index jumped 0.7% to 6,747.Thel breadth was positive as 1,606 stocksgained and 1,170stocks declined.

MARKET REPORT

Markets snap 9-day rally on global cues

SENSEX18,496.01 (0.25%)

NIFTY5,600.05 (0.18%)

MARKETS TODAY (BSE)BSE 100: 5,574.59 � 0.08%BSE 500: 7,029.41 � 0.18%

Small-Cap: 6,746.66 �0.73%Mid-Cap: 6,371.71 �0.88%� �

SECTOR WATCHINDICES LAST % CHG

TOP GAINERSPSU 7,360.95 1.58

CG 10,512.08 0.90

POWER 1,938.70 0.88

TOP LOSERSOIL&GAS 8,786.13 -1.13

IT 5,973.59 -0.54

HC 7,370.00 -0.22

COMPANY TURN** LAST* % CHG

ST BK OF INDIA 953 2,149.5 3.4

TCS 469 1,299.8 -3.2

UNITED SPIRITS 390 969.3 3.8

RELIANCE INDS. 338 855.6 -2.1

TATA MOTORS 324 273.5 -1.6

ICICI BANK 300 1,049.1 -1.1

MOST ACTIVECOMPANY VOL* LAST* % CHG

IFCI 648 32.1 13.3

LANCO INFRATECH 394 13.8 10.8

H D I L 279 84.5 1.6

REL. COMM. 221 57.1 6.9

SH.RENUKA SUGAR 221 35.3 6.0

UNITECH 202 23.8 3.7

Click here for more market statistics * = Closing Price, ** = Turnover (Rs in crore), # = (million shares)

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5

Asian markets end lower after rallySI Reporter & Agency

TheNikkei average fell onTuesday as companies heavilyexposed to China were caught up

in tensions between China and Japanover a territorial dispute that disruptedbusiness and production, and leftinvestors pondering unsettledscenarios.

Should the anti-Japanese protests inChina worsen or the dispute over theislands escalate, China-relatedcompanies would likely see further sell-offs as their earnings from the world'ssecond-largest economy could comeunder pressure.

But were the matter resolvedquickly, analysts said, Tuesday's sell-offin some China-exposed names wouldgive investors a handy buyingopportunity.

"Chinese factors have two aspects: ifthe situation prolongs, then it wouldweigh on the Nikkei and if the problem

is resolved soon, it would spur a buy-back," said Masayuki Doshida, seniormarket analyst at Rakuten Securities.

The Nikkei share average ended0.4% to 9,124 after rallying 1.8% onFriday after the U.S. Federal Reservelaunched its QE3 round of stimulus.Monday was a public holiday in Japan.

"The concerns are what, if anything,these Chinese protests turn into," said asenior dealer at a foreign brokeragesaid.

The Nikkei is up 7.9% so far thisyear, underperforming a 16.2 rise in theS&P 500 and a 12.5% gain in theSTOXX Europe 600.

"This uptrend will continue until theend of November before the marketstarts to discount the impact of a fiscalcliff in the U.S. I think in one to twomonths, the Japanese market willoutperform the global market,"Sakagami said.

Hong Kong shares slipped from a 4-1/2 month high on Tuesday, dragged

lower by weakness in commodities-related sectors following steepovernight losses in the physicalmarkets. The Hang Seng Index closeddown 0.3% at 20,602 from its highestclose since May 4 recorded on Monday.The China Enterprises Index of the topChinese listings in Hong Kong endeddown 1% at 9,690. The ShanghaiComposite Index shed 0.9%.

GLOBAL MARKETSEEUURROOPPEE LLAASSTT CCHHGG ((%%))

FTSE 100 5,851 -0.7

DAX 7,324 -1.1

CAC 40 3,506 -1.4AASSIIAA LLAASSTT CCHHGG ((%%))

HANG SENG 20,602 -0.3

NIKKEI 225 9,124 -0.4

TAIWAN 7,734 -0.4

STRAITS 3,068 -0.3

SHANGHAI 2,060 -0.9

KOSPI 2,005 0.1

*As of 1500 IST

OTHER MARKETS AT 1700 IST

SShhaarreess ooff ppoowweerr related companies arein limelight on the bourses on reportsthat the government is likely to clear torestructure the debt of state electricityboards (SEBs) and power distributioncompanies (discoms) to revive theailing sector.

According to media reports, theCabinet Committee on Economic Affairs(CCEA) may take a decision on therestructuring proposal for SEBs anddiscoms on Thursday. The plan torestructure debts is over and above theproposal to revamp short-term debt ofRs 120,000 crore of these entities,added report. Lanco Infra, Tata Power,Reliance Power, NHPC ended higher.

BHEL extends gains on orderbook position clarification

BBhhaarraatt HHeeaavvyy Electricals Limited (BHEL)has rallied 5.4% to end at Rs 225,extending its previous day’s 4% gainafter the company clarified that theongoing controversy over coalallocation for power plants would nothave any impact on its operations.

“Projects currently being executedby BHEL have the required coallinkages and are progressingsatisfactorily. The company has ahealthy order book position of aroundRs 130,000 crore and is well placed toachieve robust growth in fiscal 2012-13and beyond,” the state-ownedcompany said in a press release. Over10 million shares were traded.

IFCI surges on heavyvolumes

IIFFCCII ssuurrggeedd 13.5% to end at Rs 32.05on back of heavy volumes on thecounter. A combined volume of over 79million shares changed hands on thecounter against an average sub 20million shares that were traded daily inpast two weeks on the National StockExchange and the Bombay StockExchange.

Earlier, the stock tanked 29% fromRs 35 on August 23, after thegovernment decided to make IFCI asgovernment-owned company byconverting Rs 923 crore worth ofoptionally convertible debentures(OCDs) it holds in the company intoequity shares at par.

Power shares gain on SEBsrestructuring buzz

GOLD Rs 3311,,666666 / $ 11,,775577..0044

CRUDE OIL Rs 55,,222200 / $ 9966..5555

CURRENCYRs 5544..0055/$

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Tania Kishore Jaleel & Priya Nair

The stock markets are cheeringthe government’s reformistmood. But for consumers, this

festival season, has just become a tadmore expensive.

The Union Government’s reforms –increase in diesel prices by Rs 5 andcapping of LPG to six a year – will upsetmany a household budget. A family offour using nine cylinders a year will seean increase in budget by slightly-over Rs1,000 annually.

If you own a diesel car, your monthlybudget has taken an additional hit of Rs700-800. And then, there are grocerybills which were sure to shoot up in thefestival season. Now, the diesel pricehike will increase the bills furtherbecause of higher freight costs.

While the transporters, BusinessStandard spoke to, said that they willtake a call today on the hike, one shouldjust expect things to become moreexpensive, at least in the short run.

And in a year, when salaries havebeen frozen or seen minor increases,bonuses are tough to come by and thereis a fear of job security, the haplessconsumer will take another hit on theirfinances.

According to Madhan Sabnavis, ChiefEconomist, CARE Ratings says that theextent of the impact will depend on theusage of people, about 44 per cent of thetotal domestic LPG consumers, whoconsume six cylinders or less per annum,will not be affected by this decision.

Diesel prices have been increased byRs 5 per litre increase. Say your dieselcar has a mileage of 12 km/litre and youtravel around 54 kms a day (notincluding Sundays). So before the hike in

a month (if you only take dieselconsumption to office) at Rs 46.25, youwere spending Rs 5, 203. Now at Rs52.45, you will be spending Rs 5, 900, a13 per cent increase. And mind you, thisis just the fuel consumption to go tooffice, we have not taken intoconsideration miscellaneousconsumption such as weekend breaks ortrips to the market.

Besides, since diesel cars costmore than petrol cars, those who ownluxury or high end cars that usebranded diesel will the feel the pincha little bit more than mass marketdiesel car owners says Sumit Bali,director, Kotak Mahindra Prime.

Prices of essential commoditieswill go up because of the secondround effect of the rise in diesel, saysD K Joshi, Chief Economist, CRISIL."While it is difficult to say how muchthe prices of essential commoditieswill go up, there will be some impactbecause transporters will hike chargesfollowing the hike in diesel prices.This will push up the cost of living inthe short term,'' he says.

What could come as a relief isthat transport charges could see alower increase. "Right now, thetransporters' ability to pass on theentire cost to consumers is weak

because the economy is not doingwell,'' Joshi says.

Though the prices of vegetables,fruits and edible oils have notincreased yet, they will very soon. DGMakode, Deputy Secretary VashiAPMC Fruit Market says that thetransportation charges will increaseby October 1, after which the prices offruits will see a rise. He, however,was not able to give a percentage risethat will happen due to the rise intransportation costs.

Avinash Patil, Deputy Secretary,Vegetables, APMC says how much theretail prices of vegetables will go willdue to the diesel price hike willdepend on the area. For instance, theprices may be higher in South Mumbaicompared to Dadar or say Santa Cruz,since it will cost more to transportvegetables to South Mumbai.

So, you have any which ways havebeen careful with your spending.Continue to do so. Buy in bulk at thestart of the month and continue withthe down trading. These smallmeasure which have been helpingyour cut corners over the last fewmonths, will continue to do so intimes to come. As it looks like highinflation is here to stay, well, at leastfor the time being.

6

Your budget just took another hitRising diesel prices and cap on LPG usage are likely to increase your overall budget by 10-15 per cent this festival season

COMPARATIVE COSTSMONTHLY BUDGET BEFORE AFTER

REFORMS (RS) REFORMS (RS)

LPG usage* 3, 825 4, 860

Diesel usage** 5, 203 5, 900

Grocery bills 5, 000 5, 250

Total 14, 028 16, 010*assuming that you use one cylinder for 40 days** assuming your car has a mileage of 12 km/litre and you drive54 kms a day

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7

IN NEWSIN BRIEF

BS Reporter

Tata Consultancy Services, India’slargest IT services company, hasopened a new centre in

Minneapolis, Minnesota. Located inthe Normandale Lake Office Park, the50,000 square feet facility canaccommodate about 300 employees,the company said in a statement.

The centre will serve as a hub fordelivering technology services tocustomers in the region and is an integralpart of TCS’ Global Network DeliveryModel, it added.

“The decision to open a new TCSfacility in the Minneapolis region is part ofour company’s on-going commitment togrow our presence in each and everymarket we serve,” said NChandrasekaran, CEO and MD of TCS.

The Minneapolis facility is the latestaddition to TCS’ growing operationsacross North America. TCS which won its

first North American client in 1971 startedoperations in New York City in 1979.

The company now owns eighteenoffices across the US. In the quarterended June 30, 2012, TCS derived 53.5per cent of its total revenues of Rs 14,868crore from North America, with asequential quarter growth of 2.8 per cent.

Wipro only Indian firm inglobal carbon disclosure index

TBZ to invest Rs 1,200 cr toopen 43 showrooms

Raghuvir Badrinath

Wipro Ltd has been commended bythe Carbon Disclosure Project

(CDP), which represents 655 institutionalinvestors with $78 trillion in assets, forits approach to the disclosure of climatechange information.

According to Wipro, it is the onlycompany from India featured in CDP’s“Carbon Disclosure Leadership Index”(CDLI) for 2012. With a Score of 95 on100, Wipro is one of seven IT companiesfrom across the world to find a place inthe listing. This index, a key componentof CDP’s annual Global 500 report,highlights the constituent companieswithin the FTSE Global Equity IndexSeries (Global 500) which have displayeda strong sense of information disclosure.

BAJAJ, KAWASAKI JOINHANDS TO TAP ASEANMARKETBajaj Auto and Kawasaki todayentered into a marketing allianceto tap the ASEAN market, with apotential of 4 million vehicles perannum. The alliance would startwork from Indonesia.

The alliance is targeted to takeon the existing big four two-wheeler companies in the region.

Bajaj and Kawasaki aim toenter Indonesian market next yearwith Pulsar 200 NS.

HPCL TO RAISE $200MNVIA ECBSOil refiner and marketing companyHindustan Petroleum CorporationLtd (HPCL) is planning to raiseabout $200 million throughoverseas market to fund the capitalexpenditure. One top executive withinternational bank with presence inIndia said the state-owned oilmarketing company has soughtrequests from bankers for proposedECB. "We are planning to raisefunds to finance some of ourprojects. We will be raising $200million five year loan via externalcommercial borrowings shortly,"said a senior HPCL official.

PLETHICO PHARMADELAYS LOAN PAYMENTSFollowing delay in payment onloans, rating agency ICRA hasdowngraded PlethicoPharmaceuticals Ltd’s (PPL) loansto “D” category from “BB”.

The revised rating factors inrecent instances of delay inservicing of debt obligations.

The liquidity position of thecondition is stretched with highworking capital intensity, ICRA saidin a statement.

The company faces significantre-financing risks arising fromFCCBs that are due for redemptionin the near term.

Press Trust of India

Buoyed by the good response to itsrecent initial public offering,

Jewellery retailer Tribhovandas BhimjiZaveri today said it would invest aboutRs 1,200 crore in the next three years foropening 43 showrooms across thecountry.

"We plan to open 43 new storesacross India by 2015 with an investmententailing about Rs 1,200 crore. In Kolkataitself, we plan to open three more storesduring the same period," TribhovandasBhimji Zaveri (TBZ) chairman ShrikantZaveri told PTI after inaugurating the firstof its two stores in the city.

The showrooms would be both in thelarge as well as small-format high streetstores, he said.

TCS opens new centre in US

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8

Price as on Sep 18, 12 Open interest % of Open interest

Close (cash) LTP (future) Shares `̀ crore Futures Call Put

BAJAJ AUTO 1748.55 1753.15 1300 227.33 85.90 6.64 7.46BHARTI AIRTEL 268.20 268.75 29720 797.09 67.41 22.27 10.32BHEL 225.00 224.65 26101 587.27 75.73 13.36 10.92CIPLA 364.75 365.75 13596 495.91 87.25 10.63 2.13COAL INDIA 375.55 377.25 5649 212.15 80.10 11.86 8.04DR REDDYS LABS 1676.65 1682.30 880 147.50 92.20 6.88 0.92GAIL 388.00 388.75 2411 93.55 92.37 4.52 3.11HDFC 774.60 777.65 13226 1024.45 82.19 9.10 8.71HDFC BANK 605.45 607.40 15389 931.73 87.80 6.84 5.35HERO HONDA 1930.90 1891.40 4042 780.42 88.13 8.02 3.84HINDALCO 114.55 114.95 44680 511.81 68.76 19.55 11.69HUL 532.40 533.75 14792 787.53 61.94 19.98 18.08ICICI BANK 1049.05 1052.30 14995 1573.05 66.33 16.70 16.97INFOSYS TECHN 2600.80 2607.25 5977 1554.53 59.16 19.78 21.06ITC 254.20 255.15 30661 779.40 82.92 12.79 4.29JINDAL STEEL 405.15 405.85 8509 344.74 71.31 9.72 18.96LARSEN & TOUBRO 1553.65 1555.25 7116 1105.50 58.68 14.18 27.14MAH & MAH 798.25 797.10 5649 450.89 87.13 7.77 5.10MARUTI SUZUKI 1275.95 1276.45 2993 381.92 84.35 5.38 10.27NTPC 166.35 166.85 12258 203.91 83.03 13.36 3.61ONGC 280.75 281.75 10954 307.53 81.48 14.31 4.21RELIANCE IND 855.60 857.70 17544 1501.02 66.08 18.12 15.80SBI 2149.44 2144.20 13296 2857.90 47.62 23.90 28.48STERLITE IND 101.95 102.20 37498 382.29 85.27 9.03 5.70SUN PHARMA 673.80 675.00 3620 243.92 95.15 3.81 1.04TATA MOTORS 273.50 273.80 45392 1241.47 60.92 14.35 24.73TATA POWER 98.15 98.45 11510 112.97 90.56 7.66 1.77TATA STEEL 405.30 406.15 21120 855.99 61.57 18.45 19.98TCS 1299.80 1304.35 6785 881.88 67.21 23.87 8.92WIPRO 369.70 370.85 4012 148.31 84.67 10.32 5.01

OPEN INTEREST BREAK-UP

MARKET POSITION

SECTOR WATCH

Sep 17, 12 Sep 18, 12 %Chg

SPOTNIFTY 5610.00 5600.05 -0.18BANKNIFTY 10981.65 11043.50 0.56CNXIT 6398.20 6370.60 -0.43FUTURE(LTP)NIFTY 5616.70 5612.25 -0.08BANKNIFTY 10977.30 11062.40 0.78CNXIT 6417.35 6392.95 -0.38

INDEX WATCHOpen Int as on Price as on

Sep 17, 12 Sep 18, 12 % chg Sep 17, 12 Sep 18, 12 % chg

ORIENTAL BANK 776000 1451000 86.98 255.05 286.95 12.51BAJAJ HOLDINGS 59000 81000 37.29 760.05 760.65 0.08TTK PRESTIGE 50750 68375 34.73 3654.40 3910.45 7.01JET AIRWAYS 1133000 1463000 29.13 360.40 360.85 0.12JINDAL SAW 1892000 1356000 -28.33 119.65 119.80 0.13

OI CHANGE WITH RISE IN PRICE

Open Int as on Price as onSep 17, 12 Sep 18, 12 % chg Sep 17, 12 Sep 18, 12 % chg

VIDEOCON IND 2788000 1932000 -30.70 181.70 180.00 -0.94NTPC 8256000 10178000 23.28 169.00 166.35 -1.57TATA CHEM 1104000 1279000 15.85 317.75 314.50 -1.02JSW ENERGY 25404000 29148000 14.74 53.00 52.75 -0.47LIC HSG FIN 3886000 4444000 14.36 265.85 257.70 -3.07

OI CHANGE WITH FALL IN PRICE

OI OUTLOOK

OI as on Sep 18, 12 %of MWp

HIGHESTSuzlon Energy 165936000 99.19

Welsp Guj Sr 22358000 94.35

Core Proj & Tec 10438000 87.95

Pantaloon Retai 19474000 84.92

Punj Lloyd 34168000 81.92

United Spirits 15129500 80.66

Jet Airways 2655000 76.89

IFCI 112192000 76.03

LOWESTOil India 65000 0.25

GSK Pharma 26750 0.32

Hind Zinc 1308000 0.44

G E Shipping 116000 0.54

Indian Bank 105000 0.61

OI ‘000 % chg

TOP GRAINERAir Transport Service 2655 20.08Stock/ Commodity Brokers 1440 15.38Tyres 17423 9.97Sugar 88596 9.41Entertainment 20794 8.00Chemicals 883 7.16Shipping 4508 7.03Miscellaneous 5356 6.35IT - Software 43565 6.14Power Generation & Distribution 240530 5.60TOP LOSERSRetail 19474 -10.05Leather 1382 -4.49C G - Electrical Equipment 201211 -4.20Consumer Durables 14427 -4.18Others 5364 -3.91Healthcare 2858 -3.90Mining & Mineral products 15535 -2.86

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Rex Cano

NIFTYLLaasstt cclloossee:: 5,600

The NSE Nifty seems to be placedprecariously on the daily charts. Whilethe overall trend remains up, a trendreversal from current levels cannot beruled out either. The pivot point forthe NSE index is 5,600. As long as theindex sustains above 5,600 we couldsee fresh upside. On the flipside, incase, the index trades consistentlybelow 5,600, it could dip to 5,525-odd levels. On Thursday, the Nifty islikely to seek support around 5,585-

5,575, while face resistance around5,615-5,625.

AMBUJA CEMENTLLaasstt cclloossee:: RS 192TTaarrggeett:: RS 184

Select momentum oscillators haveturned negative for Ambuja Cement onthe daily charts. Look to trade the stockwith a negative bias with a stop aroundRs 197. On the downside, the stock canslide to Rs 184-odd levels.

HDFCLLaasstt cclloossee:: RS 775TTaarrggeett:: RS 760

HDFC has seen a formation of'Hanging Man' Candlestick pattern onthe daily charts - which has bearishimplications. Look to short the stock onrise with a stop around Rs 785. On thedownside, the stock can slip to Rs 760.

MARUTILLaasstt cclloossee:: RS 1,275TTaarrggeett:: RS 1,240

Maruti is currently trading at acrucial juncture at Rs 1,275. The biascan soon turn negative, in case, thestock consistently trades below Rs1,275. In case of weakness the stockcan drop to RS 1,240-odd levels.

9

KEY SUPPORT, RESISTANCE LEVELSBOLLINGER BANDS

STOCK S2 S1 CLOSE R1 R2 20-DMA 50-DMA 200-DMA LOWER END HIGHER END RSI

ACC 1356 1361 1369 1377 1382 1339 1317 1250 1296 1383 -60

AXISBANK 1050 1059 1073 1088 1097 1000 1036 1047 905 1094 62

BHEL 217 220 225 230 233 213 221 242 191 235 59

BPCL 332 334 337 341 343 347 357 330 336 358 -41

CIPLA 359 361 365 369 371 375 354 328 358 391 -47

DLF 223 225 227 229 231 204 207 202 182 225 -66

DRREDDY 1659 1666 1677 1688 1695 1700 1669 1659 1634 1765 47

HDFC 761 766 775 783 789 738 712 678 699 777 -69

HINDALCO 113 114 115 116 116 108 115 125 99 118 -56

ICICIBANK 1040 1043 1049 1055 1058 945 945 868 852 1038 -71

INFOSYSTCH 2575 2585 2601 2616 2626 2465 2342 2557 2296 2634 68

M&M 788 792 798 805 809 768 738 700 746 790 70

MARUTI 1261 1267 1276 1285 1291 1197 1172 1183 1120 1274 -73

ONGC 278 279 281 282 283 279 281 271 270 287 -53

RELIANCE 842 847 856 864 870 795 770 755 739 852 -69

RELINFRA 506 508 512 516 518 463 496 506 421 506 65

SBIN 2090 2113 2149 2186 2209 1892 1986 2030 1729 2056 74

TATAMOTORS 270 271 274 276 277 247 236 247 218 276 -69

TATASTEEL 402 403 405 408 409 379 395 420 344 413 -60

WIPRO 360 363 370 376 380 372 360 401 353 391 -49

S1, S2, R1, R2 are support and resistance levels, look to buy near support, and sell near resistance levels; DMA = Daily Moving Average; Stocks where 20-DMA is higherthan 50-DMA are said to be in positive trend and vice versa; Bollinger Bands = Trading bands, stocks tend to bounce from lower end, and retrace from higher end. How-ever, in case of break-outs we see bigger rises, slides; RSI = Relative Strength Index, RSI above 70 is overbought while below 30 is oversold; + value strength on the backof rising RSI, and - value is vice versa;

Pivot point for Nifty is 5,600On the downside, the index can slip to 5,525

TECHNICALS

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BS TOP 200

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CompanyName Prev Open High Low Current % Chg Volume P/E 52wk Market CapClose (Rs)) Close (times) High/Low (Rs)) (Rs in crore)

Aban Offsh 433.85 435.00 444.25 430.05 433.35 -0.12 270959 6.61 572/320 1885

ABB 768.70 762.35 777.00 762.35 768.45 -0.03 5400 87.72 915/541 16283

ACC 1,368.90 1,369.95 1,382.90 1,341.60 1,368.40 -0.04 12762 21.61 1422/1030 25692

Adani Enter 191.95 192.60 201.00 190.40 196.30 2.27 820357 12.95 627/152 21589

Adani Ports 112.05 112.05 118.10 111.95 117.05 4.46 286892 17.47 170/105 23450

Adani Power 45.40 46.90 47.30 45.50 46.10 1.54 763363 NA 97/37 10050

Adi Bir Nuvo 812.00 815.80 824.35 803.15 804.55 -0.92 13695 10.11 1029/710 9133

Allahabad Bk 133.10 134.00 143.50 133.55 142.15 6.80 557654 3.62 211/103 7108

Alok Inds 11.92 11.99 12.39 11.45 12.23 2.60 1853597 2.82 24/11 1011

Alstom India 374.05 375.50 382.00 371.00 379.85 1.55 15339 15.87 556/280 2777

Ambuja Cem 193.00 193.00 193.00 190.20 191.60 -0.73 71369 23.51 199/136 29505

Andhra Bank 98.50 99.00 106.50 97.90 105.05 6.65 243489 4.45 139/79 5878

Apollo Tyres 99.95 100.15 102.15 99.05 99.55 -0.40 352885 23.65 102/52 5017

Arvind 74.05 73.00 74.80 72.55 73.05 -1.35 214039 4.59 111/59 1885

Ashok Leyland 23.00 23.00 23.35 22.80 23.05 0.22 527953 11.24 33/20 6133

Asian Paints 3,881.70 3,910.00 3,920.00 3,870.05 3,895.55 0.36 132669 36.87 4170/2551 37366

Aurob Pharma 127.00 126.35 131.90 124.10 129.00 1.57 311840 NA 144/80 3755

Axis Bank 1,053.65 1,052.40 1,085.20 1,046.25 1,069.80 1.53 351817 9.96 1309/785 44337

Bajaj Auto 1,737.30 1,735.00 1,754.95 1,735.00 1,748.20 0.63 19360 16.8 1839/1410 50588

Bajaj Hind 30.05 30.40 31.90 30.00 31.45 4.66 1504313 NA 44/23 2011

Bajaj Hold 760.20 754.05 767.75 754.05 760.00 -0.03 774 4.98 864/625 8458

Balram Chini 67.10 66.95 70.10 66.15 68.60 2.24 466766 196 70/33 1676

Bank of Baroda 725.60 730.10 749.80 725.50 745.40 2.73 174719 6.03 881/606 30849

Bank of India 281.05 280.00 298.80 280.00 296.20 5.39 231444 5.58 408/254 16995

Bata India 959.65 958.45 962.80 939.05 940.75 -1.97 24354 36.83 981/492 6045

BEML 312.35 311.00 322.75 311.00 317.20 1.55 182811 674.89 702/270 1321

BF Utilities 424.65 423.00 435.00 422.00 428.15 0.82 130597 455.48 555/259 1612

BGR Energy 272.80 274.00 279.90 272.80 275.90 1.14 127102 9.62 374/173 1991

Bharat Elctn 1,198.20 1,190.05 1,230.00 1,190.05 1,206.00 0.65 1575 14.78 1666/1125 9648

Bharat Forge 287.50 287.05 299.90 284.10 298.65 3.88 162243 18.79 347/231 6953

Bharti Airtel 264.70 265.90 271.00 265.55 268.05 1.27 594495 26.75 412/239 101793

BHEL 213.40 215.00 226.50 214.00 225.00 5.44 1358746 7.71 344/195 55071

Bhushan Stl 465.80 462.15 467.85 458.00 464.15 -0.35 119973 9.66 479/297 9856

Biocon 280.20 281.00 285.60 272.10 274.65 -1.98 117835 15.82 363/208 5493

Bombay Dyng 471.15 473.70 483.25 468.05 474.70 0.75 35079 27.36 593/312 1961

Bosch 8,526.55 8,460.00 8,529.95 8,460.00 8,514.10 -0.15 484 23.2 9300/6425 26734

BPCL 338.70 341.95 343.80 335.20 337.15 -0.46 91782 NA 395/230 24379

Cairn India 362.55 363.00 363.00 349.15 350.10 -3.43 109642 7.39 401/258 66814

Canara Bank 360.40 361.00 402.00 355.30 393.50 9.18 170448 5.23 566/306 17432

Central Bank 67.15 66.80 72.90 66.80 71.75 6.85 775414 8.98 112/62 5282

Century Tex 347.45 348.50 353.85 344.85 347.25 -0.06 90604 4960.71 388/216 3231

CESC 330.65 332.00 334.50 316.10 321.95 -2.63 31161 6.95 332/186 4022

Chambal Fert 70.90 71.10 72.25 70.80 71.60 0.99 180520 11.44 112/62 2980

Cipla 369.60 369.00 374.00 363.35 364.85 -1.29 152096 23.05 395/276 29294

Coal India 374.50 374.00 378.70 369.80 376.20 0.45 134319 15.72 387/294 237621

Colgate 1,214.55 1,225.00 1,225.00 1,200.00 1,202.35 -1.00 11709 35.28 1264/932 16352

Coreedutec 337.95 344.95 344.95 320.00 337.15 -0.24 7486 11.38 345/245 3817

Crompton Grv 112.05 112.00 115.00 111.40 113.75 1.52 369612 19.21 175/102 7297

Cummins (I) 465.15 465.20 484.00 465.10 480.45 3.29 79068 22.4 505/322 13318

Dabur India 124.25 124.70 125.40 122.50 124.90 0.52 81461 32.7 132/92 21769

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11

CompanyName Prev Open High Low Current % Chg Volume P/E 52wk Market Cap Close (Rs)) Close (times) High/Low (Rs)) (Rs in crore)

DCB 43.35 43.60 45.50 43.50 44.60 2.88 803151 16.46 52/31 1073

Delta Corp 69.85 69.85 72.30 69.10 71.30 2.08 920391 33.63 116/52 1596

Dena Bank 98.95 99.80 103.30 98.65 102.35 3.44 726804 4.1 104/48 3583

Dish TV 78.95 78.95 79.85 76.50 78.75 -0.25 655325 NA 84/52 8383

Divis Lab 1,074.90 1,085.00 1,107.00 1,085.00 1,091.95 1.59 12240 23.73 1201/695 14496

DLF 230.80 229.50 231.00 225.45 227.05 -1.62 611507 33.99 261/170 38566

Dr Reddys 1,670.95 1,683.00 1,688.75 1,659.25 1,676.30 0.32 26348 18.98 1818/1444 28467

Educomp Sol 154.95 155.80 158.40 154.40 156.20 0.81 148136 17.97 285/128 1865

Escorts 63.05 63.05 64.60 61.50 62.70 -0.56 395597 10.35 93/55 662

Essar Oil 52.95 52.95 54.85 52.00 53.10 0.28 475062 NA 96/45 7581

Exide Ind 144.05 144.00 145.80 142.95 145.10 0.73 59985 27.43 151/99 12334

Federal Bank 429.25 425.65 433.95 423.05 428.45 -0.19 43243 8.93 480/322 7329

Finan Techno 905.80 908.00 915.95 901.10 902.60 -0.35 39729 8.08 959/518 4161

Fortis Health 99.20 99.55 101.30 99.05 100.00 0.81 54083 NA 155/81 4052

G E Shipping 252.45 243.90 257.45 243.90 255.15 1.07 6294 11.6 285/183 3886

GAIL 376.55 377.00 388.95 375.00 387.90 3.01 50626 12.94 445/303 49204

GMDC 189.90 190.00 192.50 185.95 186.90 -1.58 18852 11.78 213/151 5943

GMR Infra 23.70 24.00 24.30 23.40 23.85 0.63 1460377 NA 34/18 9283

Godrej Ind 273.30 274.05 282.70 274.05 277.05 1.37 49413 35.47 284/168 9281

Grasim Ind 3,100.45 3,073.15 3,144.90 3,065.00 3,111.75 0.36 4489 10.92 3150/2208 28541

GSK Pharma 2,011.20 2,013.00 2,031.00 1,992.00 1,999.85 -0.56 2947 29.77 2338/1830 16939

Guj Fluoro 374.30 375.95 375.95 364.35 371.15 -0.84 11356 9.45 561/317 4079

Guj Petronet 75.80 76.00 77.00 74.80 75.25 -0.73 235074 8.31 109/62 4234

GVK Power 13.49 13.50 14.10 13.36 13.93 3.26 2895357 NA 20/10 2200

Havells I 601.35 601.90 605.85 588.35 590.15 -1.86 28704 22.96 616/335 7364

HCC 18.50 19.00 19.25 17.80 17.90 -3.24 1385987 NA 33/15 1086

HCL Techno 567.25 572.00 575.50 563.20 571.40 0.73 23980 20.33 595/374 39655

HDFC 778.85 778.00 778.00 755.55 774.50 -0.56 149979 27.84 785/601 119149

HDFC Bank 607.45 607.45 611.60 603.55 605.75 -0.28 87623 25.99 620/400 142939

HDIL 82.40 82.90 86.60 82.65 84.40 2.43 5702992 11.74 135/52 3536

Hero MotoCorp 1,915.65 1,915.15 1,942.00 1,897.00 1,924.55 0.46 25163 15.78 2279/1703 38433

Hexaware Tch 128.35 132.00 132.50 128.00 129.10 0.58 153684 11.58 142/72 3826

Hind Oil 122.70 123.00 125.00 121.80 122.75 0.04 217344 88.95 153/87 1602

Hind Zinc 137.80 138.00 138.00 134.05 134.25 -2.58 82523 10.11 150/107 56725

Hindalco 117.25 116.20 116.20 113.70 114.75 -2.13 638020 10.89 165/100 21969

HPCL 287.85 293.00 295.00 286.00 286.75 -0.38 186835 NA 385/239 9710

HUL 532.30 530.00 537.80 528.00 531.20 -0.21 127714 42.16 554/319 117661

ICICI Bank 1,060.60 1,050.00 1,055.70 1,041.10 1,048.90 -1.10 597940 17.41 1069/641 120935

IDBI Bank 94.20 94.40 98.80 93.95 98.15 4.19 772178 5.91 122/77 12548

Idea Cellular 86.25 85.70 87.65 85.40 86.05 -0.23 107320 36.46 103/71 28487

IDFC 147.55 147.00 151.75 146.25 147.80 0.17 1093224 13.8 161/90 22367

IFCI 28.25 28.30 33.10 28.20 32.05 13.45 15114669 3.78 49/20 2365

Ind Ove Bank 71.60 71.45 76.60 71.45 75.70 5.73 552105 5.59 119/66 6033

India Cement 82.95 82.95 86.55 82.95 84.90 2.35 173068 10.3 119/65 2608

Indiab Real 53.30 53.30 55.20 52.70 54.05 1.41 667513 13.45 84/40 2350

Indian Bank 178.55 178.75 188.50 177.00 187.75 5.15 29772 4.48 265/152 8069

Indian Hotel 61.70 62.50 63.00 61.40 61.55 -0.24 57085 38.96 80/51 4970

Indraprst Gs 257.70 259.10 261.55 256.45 257.45 -0.10 91897 11.58 442/170 3604

IndusInd Bank 329.80 331.00 337.50 327.05 331.70 0.58 53953 18.14 352/222 15570

Infosys 2,562.60 2,572.00 2,619.50 2,572.00 2,599.65 1.45 66464 16.81 2990/2102 149282

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BS TOP 200

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IOC 247.45 248.00 250.00 247.50 248.70 0.51 39936 NA 323/239 60383

IRB Infra 131.90 134.00 144.60 133.00 142.35 7.92 1530229 9.4 210/100 4731

ITC 253.40 254.05 258.00 252.00 254.10 0.28 350034 30.99 273/185 199387

IVRCL 44.50 45.00 45.80 44.55 45.20 1.57 1006287 100.44 75/27 1387

Jain Irrig 65.10 66.50 67.40 65.50 66.30 1.84 1516841 15.86 163/60 2686

Jet Airways 360.50 359.00 366.50 354.15 360.40 -0.03 777521 NA 411/167 3111

Jindal Steel 394.55 393.50 408.70 390.00 404.95 2.64 479795 11.06 663/321 37855

JP Associat 77.90 77.00 81.00 76.30 79.85 2.50 2030394 22.43 89/50 16980

JSW Energy 52.85 53.10 54.80 52.65 52.85 0.00 441606 229.78 77/36 8668

JSW Ispat Steel 9.71 9.60 9.80 9.50 9.74 0.31 947656 NA 16/9 2451

JSW Steel 724.30 717.90 733.65 697.00 727.10 0.39 313136 158.76 885/464 16223

Jubilant Fd 1,299.80 1,296.90 1,319.00 1,270.00 1,282.00 -1.37 69166 72.76 1335/633 8352

Karnataka Bk 86.65 86.00 90.90 86.00 90.50 4.44 309583 6.09 112/64 1704

Kotak Mah Bank 606.00 602.10 610.95 591.00 599.55 -1.06 47003 23.96 621/418 44559

L & T 1,551.65 1,543.25 1,562.05 1,532.30 1,551.65 0.00 347311 20.82 1600/971 95240

Lanco Infra 12.43 12.90 13.95 12.60 13.77 10.78 9350955 NA 25/9 3316

LIC Hsg Fin 266.00 266.50 266.50 256.10 257.80 -3.08 294815 14.69 290/202 13010

Lupin 572.95 573.00 580.40 558.55 567.80 -0.90 279014 27.06 632/410 25381

Mah & Mah 791.00 791.00 807.00 790.00 797.70 0.85 117747 16.33 875/622 48977

Maruti Suzuki 1,281.50 1,290.00 1,293.80 1,270.05 1,275.25 -0.49 35344 24.41 1428/906 36845

Max India 191.70 193.00 196.00 186.00 191.75 0.03 69381 9.73 215/140 5090

Mcleod Russl 324.20 324.50 333.00 323.50 329.95 1.77 32266 17.85 345/166 3612

MphasiS 386.05 382.00 387.50 375.10 378.50 -1.96 16448 10.38 439/277 7954

MRF 10,324.05 10,449.9010,518.00 10,248.50 10,359.15 0.34 2651 5.47 11570/6330 4392

MRPL 60.40 60.45 62.30 60.10 60.25 -0.25 94926 NA 75/50 10559

MTNL 40.25 40.45 40.65 38.55 38.80 -3.60 650475 NA 45/21 2444

NCC 40.85 41.50 43.75 38.55 43.00 5.26 881925 37.72 74/28 1103

NHPC 18.00 18.20 18.70 17.95 18.60 3.33 1139234 8.65 25/15 22879

NMDC 190.70 192.45 196.30 189.00 191.50 0.42 55945 10.3 259/136 75924

NTPC 169.00 168.10 170.90 165.25 166.45 -1.51 187591 14.23 190/139 137246

Oil India 477.30 479.80 480.80 473.00 476.45 -0.18 10547 8.12 552/431 28641

ONGC 280.75 281.35 283.50 279.55 281.30 0.20 95059 8.88 304/240 240666

OnMobile Glb 38.25 38.20 42.30 37.55 41.75 9.15 2686358 6.02 84/29 480

Opto Circuit 131.70 131.00 136.95 130.00 131.95 0.19 247029 5.39 225/115 3197

Oracle Fin 2,975.30 2,964.60 3,015.00 2,935.00 2,941.10 -1.15 4262 19.85 3066/1738 24705

Orchid Chem 113.05 113.65 116.90 112.75 114.45 1.24 297431 NA 205/101 806

Oriental Bank 254.35 256.00 292.00 256.00 287.35 12.97 412926 7.11 324/190 8384

Pantloon Retail 187.60 190.00 195.00 178.80 180.00 -4.05 1802416 14.62 261/125 4168

Patel Engg 68.20 69.20 73.90 68.35 72.80 6.74 391239 7.68 127/63 508

Petronet LNG 166.60 163.15 168.65 162.25 167.75 0.69 115831 11.74 181/122 12581

Piramal Entp 465.85 465.00 474.55 461.05 470.05 0.90 4478 307.22 563/340 8111

PNB 748.85 749.00 810.00 748.05 803.15 7.25 277743 5.42 1091/659 27241

Polaris Finan 135.35 134.00 142.70 132.00 140.80 4.03 207566 5.9 175/103 1400

Power Fin 181.00 181.00 198.00 181.00 195.40 7.96 996209 7.78 224/131 25793

Power Grid 117.60 118.40 119.90 117.00 117.70 0.09 228574 15.93 124/94 54492

Praj Ind 43.25 43.45 49.15 43.20 48.25 11.56 1523564 13.67 93/40 878

PTC India 58.40 59.00 62.00 58.90 61.05 4.54 885388 17.96 76/38 1801

Punj Lloyd 51.65 51.90 52.80 51.00 52.00 0.68 526363 19.05 66/37 1727

Ranbaxy Labs 525.80 522.00 533.75 521.25 526.50 0.13 234469 NA 578/367 22232

Raymond 369.90 372.00 383.90 370.00 378.60 2.35 166632 198.22 439/300 2324

CompanyName Prev Open High Low Current % Chg Volume P/E 52wk Market Cap Close (Rs)) Close (times) High/Low (Rs)) (Rs in crore)

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Reliance Cap 372.65 372.00 379.90 370.00 374.35 0.46 536192 19.65 482/226 9195

Reliance Com 53.40 53.50 58.50 53.20 57.05 6.84 4563842 12.62 110/47 11775

Reliance Ind 873.65 870.00 873.95 851.65 855.20 -2.11 385109 14.68 902/671 276715

Reliance Infra 507.75 510.95 518.85 509.00 511.20 0.68 346588 7.09 680/328 13444

Reliance Power 87.05 87.55 92.00 86.20 90.40 3.85 2597867 27.9 139/69 25358

Renuka Sugar 33.35 33.70 35.70 33.05 35.35 6.00 2829252 NA 67/23 2373

Rolta 74.65 75.45 78.25 75.20 77.20 3.42 328146 5.14 108/50 1245

Rural Elect 208.45 209.00 221.50 209.00 219.45 5.28 770790 7.15 251/142 21670

S Kumars N 18.80 19.20 20.35 19.00 19.95 6.12 2365510 1.6 52/17 593

SAIL 86.85 86.50 89.30 86.30 88.30 1.67 315838 10.73 117/73 36473

SBI 2,076.15 2,078.80 2,160.00 2,060.00 2,150.65 3.59 876683 8.15 2475/1576 144317

Sesa Goa 175.70 174.10 178.40 173.95 175.85 0.09 219035 5.42 270/149 15283

Shriram TrFn 621.20 605.05 626.00 605.05 620.55 -0.10 4942 11.4 680/416 14043

Siemens 680.95 681.00 686.00 677.00 683.45 0.37 23252 39.46 898/627 23258

Sintex Ind 62.20 62.50 64.50 62.20 63.45 2.01 716114 6.69 152/50 1732

Sobha Devlp 339.30 344.00 350.00 322.30 340.75 0.43 4376 15.47 371/185 3341

South Ind Bk 22.20 22.30 22.95 22.10 22.55 1.58 457566 6.81 28/20 3012

Sterlite Ind 102.75 102.10 104.00 101.40 101.90 -0.83 429309 7.8 138/86 34251

Sterlite Tch 30.95 31.20 32.15 31.10 31.55 1.94 440698 21.76 47/27 1241

Sun Pharma 672.55 670.50 682.70 666.80 672.30 -0.04 36099 24.16 696/448 69623

Sun TV Net 323.30 320.05 336.65 320.05 329.90 2.04 104684 19.36 343/177 13001

Suzlon Energy 16.69 16.75 17.48 16.65 17.15 2.76 3085597 NA 41/15 3048

Syndicate Bank 98.75 99.40 103.40 97.15 102.65 3.95 219516 4.38 121/67 6179

Tata Chem 317.65 317.00 319.45 313.55 315.15 -0.79 27808 10.77 375/288 8029

Tata Coffee 988.75 985.75 1,008.90 976.70 997.60 0.90 31960 19.39 1019/711 1864

Tata Comm 241.80 243.15 250.00 243.10 248.30 2.69 21892 NA 266/176 7077

Tata Global 128.70 128.50 131.30 127.70 129.95 0.97 246517 29.47 138/80 8036

Tata Mot-DVR 112.20 552.00 563.00 543.00 112.20 0.00 0 NA 190/81 0

Tata Motors 277.65 276.00 278.35 272.80 274.05 -1.30 929939 6.35 321/143 87412

Tata Power 99.05 99.30 100.00 97.80 98.15 -0.91 338372 NA 122/81 23292

Tata Steel 410.00 408.70 409.90 403.10 404.90 -1.24 494288 61.35 501/332 39324

TCS 1,340.90 1,341.00 1,344.00 1,296.10 1,300.40 -3.02 234101 22.49 1438/970 254514

Tech Mahindra 903.45 916.00 928.50 894.75 901.05 -0.27 461703 9.93 933/524 11498

Titan Ind 241.65 239.00 244.40 238.15 240.40 -0.52 83540 34.84 255/154 21343

TTK Prestige 3,633.70 3,625.00 3,967.00 3,625.00 3,890.80 7.08 45713 37.1 3954/2151 4404

TVS Motor 40.05 41.50 43.00 39.70 41.65 4.00 367729 8.2 70/32 1979

UCO Bank 71.70 72.00 75.65 71.80 75.10 4.74 739993 4.24 95/45 4992

UltraTech 1,760.65 1,755.00 1,805.00 1,755.00 1,799.45 2.20 218409 19.41 1773/1057 49323

Union Bank 176.80 177.00 199.70 176.00 194.55 10.04 578395 5.84 274/150 10711

Unitech 22.90 22.80 23.90 22.30 23.70 3.49 2282713 31.6 38/17 6201

United Phos 128.20 128.70 134.40 128.70 129.90 1.33 223969 10.29 169/105 5911

United Spirt 933.65 943.60 982.35 939.90 968.85 3.77 934548 36.21 1022/450 12672

Videocon Ind 181.25 178.30 183.00 178.30 179.90 -0.74 643664 18.88 196/161 5735

Vijaya Bank 51.90 52.20 54.90 52.00 54.40 4.82 479292 4.35 69/44 2696

VIP Ind 83.85 83.00 84.75 83.00 84.10 0.30 257556 22.61 205/69 1188

Voltas 121.05 123.00 123.00 120.55 121.20 0.12 194120 36.62 133/72 4011

Welspun Corp 101.50 101.50 104.55 101.50 102.55 1.03 80641 18.41 157/65 2336

Wipro 384.15 384.00 384.05 368.40 369.60 -3.79 135191 15.64 453/324 90990

Yes Bank 377.30 374.95 376.80 366.45 370.40 -1.83 210623 12.55 389/231 13190

Zee Enter 171.85 168.10 182.00 168.10 180.30 4.92 231438 28.04 176/110 17201

CompanyName Prev Open High Low Current % Chg Volume P/E 52wk Market Cap Close (Rs)) Close (times) High/Low (Rs)) (Rs in crore)

13Disclaimer: The Smart Investor gives an unbiased and competent picture of investment opportunities. However, prices can move up or down due to unforeseen circumstances. Therefore, The Smart Investor does not take any responsibility for investment decisions taken by readers on the basis of information provided herein. EDITOR: A K BHATTACHARYA

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14

STOCK REPORTRECOVERY FROM INTRADAY LOWS

FALL FROM INTRADAY HIGHS

(RRss CR) FII DIIDate Buy Sales Net Buy Sales Net17-SEP-12 5889.33 3637.16 2252.17 2248.96 3086.68 -837.7214-SEP-12 5355.25 2521.53 2833.72 1818.41 2506.41 -688.0013-SEP-12 2001.61 1640.13 361.48 851.95 1008.00 -156.0512-SEP-12 1912.55 1461.36 451.19 1179.45 1235.21 -55.7611-SEP-12 1735.72 1312.13 423.59 711.27 1077.07 -365.80

FII & DII TURNOVER (BSE + NSE)

Volumes in ‘000

Company Price (Rs) Today Avg 5 days % Chg

Supreme Infra. 294.35 216.4 4.6 4639

Eon Elect. 30.75 114.2 2.7 4063

Motil.Oswal.Fin. 104.80 73.5 2.8 2557

Alkali Metals 29.55 69.6 3.2 2102

Va Tech Wabag 449.95 132.8 7.5 1664

St Bk of Bikaner 367.40 75.8 4.9 1460

Sobha Developer. 340.35 314.5 25.4 1137

J & K Bank 920.20 264.3 25.1 952

Schneider Elect. 97.95 1,505.5 143.2 951

Pearl Global Ind 117.20 60.6 6.8 797

Kirloskar Oil 159.55 49.6 6.4 676

VOLUME SHOCKERS

Kemrock Inds. 45.83 89.45 4.99

Hind.Dorr-Oliver 41.94 25.50 4.94

Out of City Tra. 37.60 28.05 4.86

Unno Industries 31.55 93.80 4.98

P S Global 28.70 35.50 4.87

Hitachi Home 28.21 130.65 9.97

Ashapura Minech. 27.08 27.60 4.94

Glodyne Techno. 22.69 87.65 4.97

Rasoya Proteins 20.08 27.15 4.83

Jolly Plastic 18.20 26.05 4.83

ONLY BUYERSCompany Qty‘000 Price (Rs) Chg (%)

Company High Low Close % Chg

Akar Tools 29.35 24.00 29.20 21.67

Sahara One Media 112.00 92.60 112.00 20.95

Alkali Metals 30.10 24.75 29.65 19.8

Rander Corpn. 66.25 56.00 66.25 18.3

Gujarat Foils 34.70 27.75 32.65 17.66

Sea TV Network 74.90 63.00 72.90 15.71

Eon Elect. 30.70 26.50 30.65 15.66

Poddar Developer 99.80 85.00 97.00 14.12

IFCI 33.10 28.20 32.05 13.65

Ashika Credit 127.00 110.05 125.00 13.58

NHC Foods 35.00 31.00 34.90 12.58

Indian Terrain 62.00 55.10 62.00 12.52

Oriental Bank 292.00 256.00 287.35 12.25

PG Foils 53.80 46.20 51.85 12.23

U B Holdings 105.90 93.50 104.60 11.87

Company High Low Close % Chg

Atlanta 51.70 41.60 42.35 -18.09

Nimbus Proj. 37.70 31.15 31.15 -17.37

Nahar Indl. Ent. 41.95 34.60 35.00 -16.57

Emmsons Intl. 144.80 115.25 122.00 -15.75

Visagar Finan. 59.45 50.35 50.35 -15.31

Hexa Tradex 32.65 26.75 27.65 -15.31

KGN Enterprises 450.00 384.00 394.00 -12.44

Hasti Finance 58.60 52.10 52.10 -11.09

BSE SPICE 185.00 165.00 165.00 -10.81

Gokak Textiles 53.45 47.80 47.80 -10.57

Hipolin 38.65 34.75 34.75 -10.09

TCI Finance 39.70 35.60 35.90 -9.57

Indus Finance 76.15 68.95 68.95 -9.46

Fenoplast 34.15 30.95 30.95 -9.37

Baroda Extrusion 72.90 66.10 66.10 -9.33

Acclaim Indus. 244.88 38.60 -4.93

Tulip Telecom 149.82 59.90 -4.92

Parichay Invest. 124.42 111.10 -4.96

Perfect-Octave 4.41 30.70 -4.95

Parikh Herbals 3.58 41.70 -4.90

Panacea Biotec 3.06 129.05 -4.97

Baroda Extrusion 2.80 66.10 -4.96

Kanani Inds. 2.75 154.45 -4.98

Singer India 2.01 89.05 -4.96

Sanghvi Forg. 1.86 41.15 -4.97

ONLY SELLERSCompany Qty‘000 Price (Rs) Chg (%)

Name Ex-Date Purpose Rs.

CRANES SOFT. INTERNATI SEP 20, 12 AGM -AUTORIDERS FINANCE LTD SEP 20, 12 AGM -RAMGOPAL POLYTEX LTD SEP 20, 12 AGM -BLUE BLENDS (I) LTD SEP 20, 12 AGM -BIOFIL CHEM. & PHARM SEP 20, 12 AGM -ATCOM TECHNO. LTD. SEP 20, 12 AGM -MAHA RASHTRA APEX SEP 20, 12 AGM -DCM FINANCIAL SER LTD SEP 20, 12 AGM -KRISHNA FILAMENTS LTD. SEP 20, 12 AGM -GIRDHARILAL SUG & ALLIED SEP 20, 12 AGM -A2Z MNTNANCE SEP 20, 12 AGM -ABG SHIPYARD SEP 20, 12 AGM -AFTEK SEP 20, 12 AGM -AJMERA RLTY SEP 20, 12 AGM,DIVIDEND 1.70ALPINE HSG SEP 20, 12 AGM -AMARJOTH SPG SEP 20, 12 AGM,DIVIDEND 1.50AMD IND SEP 20, 12 AGM,DIVIDEND 1.00AML STEEL SEP 20, 12 AGM -AMRUTANJAN SEP 20, 12 AGM,DIVIDEND 10.00APL APOLO TB SEP 20, 12 AGM,DIVIDEND 2.00AQUA LOGIST SEP 20, 12 AGM -ARCHIDPLY I SEP 20, 12 AGM -ARCHIES SEP 20, 12 AGM,DIVIDEND 0.40ARIES AGRO SEP 20, 12 AGM,DIVIDEND 1.50ASIAN HOT-N SEP 20, 12 AGM,DIVIDEND 1.50ATLANTA SEP 20, 12 AGM,DIVIDEND 0.20ATLAS CYCLES SEP 20, 12 AGM,DIVIDEND 4.50BHAGWTI BNQT SEP 20, 12 AGM -BHARTIYA INT SEP 20, 12 AGM,DIVIDEND 1.00BIRLA POWER SEP 20, 12 AGM -BLUE COAST SEP 20, 12 AGM -

FORTHCOMING CORPORATE ACTIONS

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ACC 1,368.75 -2.45 -0.18Ambuja Cem. 192.25 -0.70 -0.36Asian Paints 3,900.50 15.95 0.41Axis Bank 1,073.40 15.90 1.50B H E L 225.00 11.45 5.36B P C L 337.45 -1.30 -0.38Bajaj Auto 1,748.55 9.95 0.57Bank of Baroda 745.55 19.50 2.69Bharti Airtel 268.20 3.45 1.30Cairn India 350.05 -13.55 -3.73Cipla 364.75 -4.95 -1.34Coal India 375.55 1.25 0.33DLF 226.90 -4.70 -2.03Dr Reddy`s Labs 1,676.65 6.15 0.37GAIL (India) 388.00 10.95 2.90Grasim Inds 3,110.05 12.05 0.39H D F C 774.60 -5.30 -0.68HCL Technologies 573.65 6.00 1.06HDFC Bank 605.45 -2.85 -0.47Hero Motocorp 1,930.90 11.10 0.58Hind. Unilever 532.40 0.55 0.10Hindalco Inds. 114.55 -2.60 -2.22I D F C 147.75 0.25 0.17ICICI Bank 1,049.05 -11.60 -1.09ITC 254.20 0.70 0.28Infosys 2,600.80 36.30 1.42JP Associates 79.90 1.80 2.30Jindal Steel 405.15 10.50 2.66Kotak Mah. Bank 599.50 -6.75 -1.11Larsen & Toubro 1,553.65 -1.80 -0.12M & M 798.25 6.25 0.79Maruti Suzuki 1,275.95 -3.35 -0.26NTPC 166.35 -2.65 -1.57O N G C 280.75 -0.10 -0.04Power Grid Corpn 117.65 0.05 0.04Punjab Natl.Bank 802.80 55.05 7.36Ranbaxy Labs. 526.90 0.75 0.14Reliance Inds. 855.60 -18.15 -2.08Reliance Infra. 511.95 4.20 0.83S A I L 88.30 1.20 1.38Sesa Goa 176.25 0.00 0.00Siemens 683.95 2.25 0.33St Bk of India 2,149.45 69.90 3.36Sterlite Inds. 101.95 -1.00 -0.97Sun Pharma.Inds. 673.80 0.90 0.13TCS 1,299.80 -42.30 -3.15Tata Motors 273.50 -4.35 -1.57Tata Power Co. 98.15 -1.10 -1.11Tata Steel 405.30 -4.65 -1.13Wipro 369.70 -15.10 -3.92

S&P CNX NIFTY MOVERSAdv Adv as % Decl Decl as % Unch Unch as % Total

Group of Total of Total of TotalA 122 59.8 79 38.73 3 1.47 204B 1314 58.06 859 37.96 90 3.98 2263E 3 18.75 12 75 1 6.25 16M 2 66.67 1 33.33 0 0 3MT 1 100 0 0 0 0 1T 248 47.42 245 46.85 30 5.74 523Z 2 66.67 1 33.33 0 0 3TOTAL 1692 1197 124 3013

ADVANCES/DECLINES

52-WEEK HIGHS

15

Company Close (Rs) Chg (Rs) Chg (%)

Cognizant Tech 69.05 -1.95 -2.75Dr Reddy’s Lab 30.93 -0.90 -2.83HDFC Bank 37.02 -0.12 -0.32ICICI Bank 39.10 0.91 2.38Infosys Tech 48.19 0.04 0.08MTNL 1.44 -0.03 -2.04Patni Computer 19.06 -0.04 -0.21Rediff.com 4.12 -0.21 -4.85Satyam Infoway 2.50 -0.12 -4.58Tata Motors 25.00 -0.41 -1.61Wipro 8.92 -0.07 -0.78

ADR PRICESCompany Close ($) Chg Chg (%)

TTK Prestige 3,890.80

UltraTech Cem. 1,799.45

Hawkins Cookers 1,774.25

Advanta India 718.50

Aanjaneya Life. 710.35

Apollo Hospitals 696.95

NCL Res. & Finl. 584.00

Vardhman Hold. 511.10

Stovec Inds. 361.00

Mah. Scooters 354.50

CORE Education 337.15

CESC 321.95

Atul 320.70

Sulabh Engineers 268.80

Deccan Cements 246.10

Indag Rubber 245.60

Raj Television 235.00

Presha Metall. 231.00

Tuni Text. Mills 230.00

Motherson Sumi 219.65

India Nipp.Elec. 196.50

Zee Entertainmen 180.30

Premier Cap Serv 173.80

20 Microns 142.80

Man Inds. 136.50

Frontline Busine 127.00

Ashika Credit 125.00

Kothari World 122.75

Emmsons Intl. 122.00

T B Z 120.10

Schneider Elect. 98.60

Confidene Trdg 95.80

Unno Industries 93.80

Swagruha Infra 80.00

Centron Indl 79.25

Linkson Intl. 78.90

Vora Const. 78.45

Shrey Chemicals 74.00

Zenith Capitals 57.00

Aarey Drugs 49.35

Sunshield Chem. 48.50

Moryo Industries 43.75

P S Global 35.50

Assoc. Finlease 35.50

NHC Foods 34.90

Madhur Cap.& Fin 30.50

First Financial 30.35

Jolly Plastic 26.05

Trilogic Digital 24.95

Total Hospit. 24.60

Jupiter Info. 23.35

Global Infratech 22.85

SRG Housing 20.75

Metal Coatings 16.95

Eastern Treads 15.75

Tyche Inds. 14.97

Sonal Adhesives 14.65

Shree Shaleen 14.04

RCC Cements 13.39

IKAB Securities 13.07

SBEC Sugar 12.20

Vippy Industries 10.49

Diligent Indust. 10.36

Yuvraaj Hygiene 9.53

Decolight Cera. 9.31

Beryl Securities 9.29

Veer Energy 8.75

Globus Power 8.49

Olympic Oil Ind. 8.30

Company Price (Rs) Company Price (Rs) Company Price (Rs)

52-WEEK LOWS

Hind.Composites 376.55

Eros Intl.Media 156.15

Hella India 127.20

Acrow India 88.50

Austin Engg Co 61.30

Tulip Telecom 59.90

Renaissance Jew. 56.35

Photon Capital 45.00

Atlanta 42.35

Mathew Easow Res 30.95

P.M. Telelinnks 30.85

Toheal Pharmach. 30.10

Phaarmasia 29.50

Chambal Brewer 29.40

Popular Estate 22.05

NTC Inds. 18.25

Fervent Synerg. 16.75

HB Estate Devel. 16.50

Magna Colours 16.20

VMS Indus. 15.95

Gee El Woollens 13.50

PAE 13.15

Marvel Web Soln 12.95

Emporis Proj. 11.90

Lords Chloro 11.10

Sri Ramakr. Mill 11.10

Cosboard Inds. 10.77

Shreeyash Indus. 8.89

P.G. Industry 8.75

Genus Power 8.35

Company Price (Rs) Company Price (Rs) Company Price (Rs)

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16

STOCK REPORTBSECompany Client Name Buy/Sell Quantity Price(Rs) Amt(CR)

EPC Ind Credit Renaissance Developement Fund Lp Sell 769671 112.95 8.69

EPC Ind Reliance Capital Ltd Buy 600000 112.95 6.78

Plastiblends Kabra Extrusiontechnik Limited Sell 400000 76.59 3.06

Atlanta Acg Associated Capsules Private Limited Sell 591000 44.39 2.62

Fulford (I) K R Pradeep Sell 26000 940.66 2.45

Fulford (I) Pranava Electronics P Ltd Buy 25350 940.97 2.39

Fulford (I) Kare Electronics And Development Private Limited Buy 24970 941.11 2.35

Presha Met Sunstar Share Brokers Private Limited Buy 100000 221.80 2.22

Transgene B Blackhorsemedia Andentertainment Privatelimited Buy 1382350 13.71 1.90

Transgene B Blackhorsemedia Andentertainment Privatelimited Sell 1303930 13.71 1.79

Plastiblends Varun Satyanarayan Kabra Buy 200000 77.19 1.54

Plastiblends Anand Shreevallabh Kabra Buy 200000 76.00 1.52

Shalimar Pts Sal Real Estate Private Limited Buy 20022 678.73 1.36

Kemrock Ind Vora Financial Services Private Limited Sell 105503 80.79 0.85

Kemrock Ind Vora Financial Services Private Limited Buy 104003 80.42 0.84

Gemstone Inv Kishan B Shigvan Buy 416813 19.53 0.81

Gemstone Inv Kishan B Shigvan Sell 386751 19.46 0.75

Atul Auto Vijay Kishanlal Kedia Buy 61000 100.99 0.62

Atul Auto Niraj Jayantibahi Chandra Sell 60000 101.00 0.61

Sangam Advisor Shatrunjaya Estates Private Limited Buy 246000 22.10 0.54

Transgene B Syndicate Nirman Private Limited Sell 336265 13.67 0.46

Aarey Drugs Deepika Jasmin Shah Sell 73400 48.39 0.36

Sangam Advisor Kcl Infra Projects Limited Sell 132000 22.10 0.29

Shrey Chem Vishal Bharatbhai Solanki Buy 36230 73.08 0.26

Shrey Chem Prafulchandra Dalichandbhai Vasani Huf Sell 35000 72.80 0.25

Sangam Advisor Dear Projects Private Limited Sell 108000 22.10 0.24

Coral Lab Chetan Doshi Buy 30000 69.33 0.21

Shalibhdra F Sanjay Babulal Pandya Sell 31625 62.16 0.20

Shalibhdra F Sanjay Babulal Pandya Buy 31625 62.07 0.20

Servalakshmi Pa Arunachalam Vairavan Buy 400001 4.89 0.20

Servalakshmi Pa D N Goyal Sell 400000 4.89 0.20

Shalibhdra F Hinaben Romeshbhai Shah Sell 31500 62.07 0.20

Sowbhagya M Satinder Nath Maira Sell 100100 18.50 0.19

UV Boards Amit Agarwal Buy 100000 18.20 0.18

Monarch Health Networth Stock Broking Ltd Sell 39000 42.28 0.16

Monarch Health Vishal Sharma Buy 39000 42.28 0.16

Dinesh Allor Shreyas Dilipbhai Patel Buy 51000 28.40 0.14

Sowbhagya M Suryasubrahmanya Prasad Gottipati Buy 70800 18.50 0.13

Vybra Auto Premier Capital & Securities Private Limited Buy 55000 21.00 0.12

Assoc.Finlea Kashmir Arts Buy 30000 35.55 0.11

Boston Bio Mona Vimesh Modi Sell 201131 4.98 0.10

Jayhind Synt Nirali Nileshkumar Shah Sell 117900 7.91 0.09

Ortin Labs Rajkumari Hanumanprasad Saboo Sell 35250 25.53 0.09

Ortin Labs Rajkumari Hanumanprasad Saboo Buy 35058 25.30 0.09

Jupiter Info Kusumben Vasantlal Modi Buy 36000 23.26 0.08

Ortin Labs Loha Commodities Trading Limited Buy 30000 25.50 0.08

Arcutti.Tea Deeleep (India) Grains Pvt Ltd Sell 30000 25.28 0.08

Dinesh Allor Kaminiben Nitinbhai Shah Sell 21320 28.40 0.06

Boston Bio Patel Sanjaybhai Narandas Sell 100000 4.90 0.05

BULK DEALS

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17

BULK DEALS NSECompany Client Name Buy/Sell Quantity Price(Rs) Amt(CR)

HDIL Citigroup Global Markets Mauritius Private Limited Buy 4205081 79.98 33.63

HDIL Genuine Stock Brokers Pvt Ltd Sell 3806634 81.04 30.85

HDIL Genuine Stock Brokers Pvt Ltd Buy 3806634 81.03 30.85

IFCI Adroit Share & Stock Broker Pvt. Ltd. Buy 3886196 27.94 10.86

IFCI Adroit Share & Stock Broker Pvt. Ltd. Sell 3850196 27.91 10.75

TV18 Broadcast Mahalaxmi Cresec Private Limited Buy 3750000 24.02 9.01

OnMobile Glb Onmobile Systems Inc Sell 1004026 38.43 3.86

Atlanta Acg Associated Capsules Private Limited Sell 550000 44.77 2.46

Everonn Edu Jm Financial Products Pvt Ltd Sell 141900 150.30 2.13

Kemrock Ind Gajanan Enterprises Sell 128487 80.93 1.04

Kemrock Ind Vijit Asset Management Private Limited Sell 112533 79.50 0.89

Kemrock Ind Ajay Asset Management Private Limited Sell 105053 81.62 0.86

Kemrock Ind Sunil Capital Capital & Securities Pvt Ltd Sell 108318 77.38 0.84

Kemrock Ind Gajanan Enterprises Buy 100057 79.62 0.80

Kemrock Ind Sunil Capital Capital & Securities Pvt Ltd Buy 102318 77.36 0.79

Kemrock Ind Vijit Asset Management Private Limited Buy 94530 80.95 0.77

Amar Remedi L&T Finance Limited Sell 189000 36.25 0.69

Kemrock Ind Ajay Asset Management Private Limited Buy 81936 82.39 0.68

SEPTEMBER 20

Garnet Intl Garnet International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 20, 2012 inter alia to consider following matter: 1. Issue of Equity Shares or any other financial instrument with or without detachable / non- detachable warrants on preferential basis.

GCV Services and approve the following business matters: 1. Fund raisingthrough further issue of Capital, in the form of instruments such as Equity Shares / Global Depository Receipts (GDR) / American Depository Receipts (ADR) / Foreign Currency Convertible Bonds (FCCBs) or any other securities convertible in to Equity Shares through Preferential Allotment / Right Issue / Qualified Institutional Placements, etc. subject to all the requisite approvals required from regulatory authorities and provisions of applicable law.

Peeti Sec Peeti Securities Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 20, 2012, for the purpose of conducting postal ballot process under the provision of Section 293 (1) (a) of the Companies Act, 1956 and other matters.

Shilpi Cable to consider and approve, in principle, the proposed amalgamation of Microqual Techno Ltd with Shilpi Cable Technologies Ltd and other connected matters.

Steelcast to consider the following item: - Appointment of Company Secretary.

Sterl Holidy Sterling Holiday Resorts India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 20, 2012, inter alia to consider and approve: 1. Allotment of Equity Shares under Employees’ Stock Purchase Scheme 2011. 2. Allotment of Equity Shares upon conversion of Warrants.

SEPTEMBER 21

CTIL the following matters: 1. To consider and approve the Joint Venture with M/s. Sreeven Infocom Limited, a Hyderabad based e-Governance Company for execution of contract for issuing Aadhar Cards and other e-Governance projects. 2. To consider acquisition of 51% stake in Doctorstime Health Services Private Limited, a Hyderabad based online Health Services Company.

Paramount Print Quarterly ResultsRasi Electro and approve the following: 1. Approve the proposal to issue

Warrants to Promoters with an Option to convert the same to Equity Shares within a period of 18 months from the date of allotment of Warrants subject to approval of shareholders under the Companies Act, 1956, SEBI (ICDR) Regulations and other authorities as applicable. 2. To approve the proposal to Increase the Authorised Share Capital of the Company and consequential amendment to Memorandum and Articles of Association. 3. To approve the proposal to increase the borrowing powers and the power to mortgage the assets of the Company u/s 293(1)(d) and 292(1)(a) of the Companies Act, 1956. 4. To approve the proposal to amend the objects Clause of the Memorandum of Association for including specific clause enabling borrowings by the Company. 5. To approve the proposal for conducting the postal ballot for seeking approval of the shareholders for the proposals mentioned at (1) to (4) above and the modalities thereto.

SEPTEMBER 22

Networth Stk Audited ResultsNuway Organi to consider the following: 1. To Increase the Authorised Share

Capital & to Alter the Memorandum & Article of Association of the Company. 2. To consider the Issuance of Equity Share on preferential basis to the Promoters & Non Promoters of the Company.

FORTHCOMING BOARD MEETINGSCompany Purpose Company Purpose

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STOCK REPORT

18

BS TOP 500

CONSTRUCTIONSJP Associat Jun 12 3008.13 3.06 138.84 -24.57 28.10 21.90Punj Lloyd Jun 12 2775.72 19.79 -13.37 - 10.57 18.91NCC Jun 12 1472.05 28.95 16.61 -28.65 9.52 35.74IVRCL Jun 12 1207.07 7.37 -6.00 - 14.03 98.46Era Infra E Jun 12 1037.14 18.73 20.63 -59.89 17.95 19.99IRB Infra Jun 12 979.78 22.27 141.84 5.70 46.96 8.70HCC Jun 12 969.36 -8.35 -30.99 - 12.85 -Patel Engg Jun 12 788.84 4.25 6.99 -55.95 12.81 7.20Jaypee Inf Jun 12 678.30 9.94 209.94 -11.71 40.22 5.37Sadbhav Engg Jun 12 421.49 -31.23 52.40 55.03 24.40 13.54Indiab Real Jun 12 214.67 -11.44 37.75 -42.79 44.44 13.24ARSS Infra Jun 12 142.66 -67.46 -26.24 - 18.83 -Man Infra Jun 12 136.06 26.34 21.76 115.87 24.31 14.54Anant Raj I Jun 12 98.88 18.00 35.51 1.20 54.08 13.34Total 13930.15 6.39 605.67 -26.59 20.85 14.28DIAMONDS & JEWELLERYRajesh Exp Jun 12 4967.15 4.99 98.27 3.31 2.99 8.69Gitanjali Gm Jun 12 3384.73 31.38 148.98 20.90 10.45 6.29Sh Ganesh Jw Jun 12 2996.13 17.43 92.82 14.14 5.46 1.23Goenka Diam Jun 12 122.82 25.28 9.48 91.52 11.36 27.09Total 11470.83 15.21 349.55 14.75 5.93 5.67DIVERSIFIEDGrasim Ind Jun 12 6831.96 15.84 718.00 -4.48 21.60 10.88Adi Bir Nuvo Jun 12 5322.61 11.16 266.84 5.39 16.43 10.20GMR Infra Jun 12 2562.40 23.00 -94.30 - 28.26 -Voltas Jun 12 1616.82 19.68 79.12 -39.97 8.05 36.62Century Tex Jun 12 1388.68 18.08 2.41 -89.92 12.13 5051.06Sintex Ind Jun 12 1080.56 -2.98 46.79 -50.53 14.31 6.56Prakash Ind Jun 12 672.25 34.84 60.05 -15.54 14.70 2.70Bombay Dyng Jun 12 487.18 20.80 -27.50 - 6.80 27.16NESCO Jun 12 18.99 -12.25 12.36 64.58 98.16 12.93Total 19981.45 15.28 1063.77 -13.32 18.41 16.24DOMESTIC APPLIANCESVideocon Ind Jun 12 3024.38 -7.09 50.11 -71.47 19.19 19.03Whirlpool Jun 12 1023.95 9.48 64.55 26.44 10.43 23.53Bajaj Elect Jun 12 666.19 22.38 11.98 8.32 5.68 15.90TTK Prestige Jun 12 302.53 29.76 30.68 21.07 16.03 34.65Symphony Jun 12 90.04 53.03 19.67 67.55 30.76 27.80Total 5107.09 1.60 176.99 -35.60 15.69 22.51ELECTRICAL EQUIPMENTBHEL Jun 12 8439.01 16.93 920.90 12.92 18.59 7.31Suzlon Energy Jun 12 4770.66 9.67 -848.97 - - -Siemens Jun 12 2843.34 2.19 36.42 -76.47 3.85 39.33Crompton Grv Jun 12 2811.14 15.32 85.90 8.09 6.65 18.91ABB Jun 12 1883.79 10.00 51.63 33.34 5.70 87.79Havells I Jun 12 1035.31 25.71 80.08 23.60 11.83 23.40Bharat Elctn Jun 12 796.92 -14.39 19.33 -84.26 7.15 14.68Opto Circuit Jun 12 715.74 37.25 138.02 18.58 26.71 5.38Amara Raja Jun 12 693.78 32.22 76.09 95.10 18.07 12.99Alstom India Jun 12 441.36 57.01 12.88 104.44 7.23 15.63LMW Jun 12 432.98 -14.96 31.00 -24.65 16.76 18.11V Guard Inds Jun 12 329.14 37.07 20.65 67.34 10.57 19.65Swelect Energy Jun 12 66.12 -44.99 480.785320.29 929.64 0.27Total 25259.29 12.51 1104.71 -29.20 12.24 13.72ENGINEERINGL & T Jun 12 11955.35 26.08 863.65 15.75 13.84 20.82Lanco Infra Jun 12 3495.75 86.54 -441.15 - 10.73 -

Thermax Jun 12 983.47 -5.82 67.21 -15.86 11.70 15.40Enginers Ind Jun 12 719.99 -15.65 154.29 4.20 31.13 12.46BGR Energy Jun 12 610.94 -16.64 33.66 -33.01 14.43 9.51BEML Jun 12 423.39 -24.51 -39.44 - 0.26 670.42Walchand Ind Jun 12 167.19 -21.32 -10.76 - - -Praj Ind Jun 12 163.93 -0.47 12.06 -11.78 11.38 12.25Shanthi Gear Jun 12 32.91 -20.26 3.58 -48.93 37.19 24.16Hercules Hst Jun 12 28.14 -4.96 7.36 -4.54 39.09 13.82Rel Ind Infra Jun 12 16.93 8.80 5.32 -3.27 59.01 27.56Total 18597.99 23.89 655.78 -39.82 13.46 21.97FERTILISERSTata Chem Jun 12 3066.14 3.27 107.59 -46.17 13.50 10.86Coromndl Int Jun 12 1854.54 2.88 115.05 -27.59 12.40 13.17National Fer Jun 12 1807.65 27.39 -52.01 - - 55.15RCF Jun 12 1481.86 70.83 6.52 65.06 4.54 11.80GSFC Jun 12 1411.84 16.91 172.71 21.56 20.68 3.79Chambal Fert Jun 12 1364.43 18.43 77.07 21.01 15.02 11.32Manglor Chem Jun 12 597.76 2.45 -12.50 - - 14.96Total 11584.22 15.83 414.43 -31.40 10.20 10.62FINANCEHDFC Jun 12 4934.95 29.29 1001.91 18.64 - 27.99Power Fin Jun 12 3943.91 35.62 971.88 41.63 - 7.20IDFC Jun 12 1840.76 36.07 379.78 21.07 - 13.78IFCI Jun 12 660.84 9.67 93.61 -29.12 - 3.33Total 11380.46 31.11 2447.18 23.82 91.90 17.08FINANCE - NBFCRural Elect Jun 12 3068.54 30.46 876.73 32.44 - 6.79LIC Hsg Fin Jun 12 1746.45 25.83 227.75 -11.21 - 15.16Reliance Cap Jun 12 1662.00 12.30 45.00 28.57 - 19.56Shriram TrFn Jun 12 1504.02 2.53 321.85 -7.33 - 11.41Muthoot Finance Jun 12 1287.46 41.08 246.11 29.23 - 6.23Indiab Fin Jun 12 1039.54 25.57 265.12 20.77 - 6.09Bajaj Finsrv Jun 12 927.48 51.39 195.23 51.66 - 8.66M & M Fin Jun 12 882.69 53.54 171.96 63.27 - 11.53SREI Infra Fin Jun 12 756.71 42.45 17.42 -68.10 - 16.35Dewan Hsg Jun 12 738.54 48.54 77.83 18.30 - 6.55Manapp Finance Jun 12 711.22 45.63 157.77 46.31 - 5.00Bajaj Fin Jun 12 701.27 55.95 138.69 52.73 - 10.20India Infoline Jun 12 581.22 62.08 52.22 91.21 - 10.79Chola Inv Jun 12 561.38 50.23 69.81 115.73 - 14.02Sundaram Fin Jun 12 471.57 21.25 94.81 25.81 - 12.13JM Financial Jun 12 245.43 18.60 35.31 44.65 - 8.37CRISIL Jun 12 216.55 6.47 43.70 -1.67 - 29.87Future Cap Jun 12 206.98 26.98 26.01 18.98 - 9.10Future Ventures Jun 12 172.65 10.39 -11.38 - - -GRUH Finance Jun 12 147.77 29.65 26.72 30.02 - 26.62SKS Microfin Jun 12 74.48 -53.64 -38.84 - - -Bajaj Hold Jun 12 72.37 -7.83 349.12 5.89 - 4.98SE Invest Jun 12 52.96 12.32 17.85 4.32 - 21.38Wagend Infra Ve Jun 12 5.93 11.26 0.23 64.29 - 230.88DB Intl Stk Jun 12 4.80 36.75 2.29 377.08 - 83.08JSW Holdings Jun 12 3.53 84.82 2.39 125.47 - 23.58Polytex I Jun 12 0.36 0.00 0.27 0.00 - 272.43Total 17843.90 28.90 3411.97 31.04 78.33 10.37

(Rs crore) Quarter Net % Net % OPM TTM P/ECompany Ended Sales chg Profit chg (%) (Times)

(Rs crore) Quarter Net % Net % OPM TTM P/ECompany Ended Sales chg Profit chg (%) (Times)

Note: Corporate Scoreboard consists of top BS-500 stocks that account for over 90 percent of the market value, volume and trades on the BSE and the NSE combined. Forbanks, Net Sales = Interest Income minus Interest Expenses or Net Interest Income.Data complied by BS Research Burearu