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Dated: October 20, 2010

DATE: Wednesday, October 20, 2010

Sectoral Performance Domestic News Domestic Indices

Nifty and Sensex opened flat and crashed in the last Reliance Industries will shut a crude distillation Index Last Previous %Change
hour of trading. unit (CDU) for scheduled maintenance at its Traded Close
660,000 barrel-per-day (bpd) for around a month
Outperforming sectors were Healthcare and starting November. Nifty 5,982 6,011 -0.75
Consumer Goods. NMDC has been offered coal mines in Russia's
Siberian region for US$400mn by Intergeo. Bank-Nifty 12,176 12,217 -0.56
Underperforming sectors were Metals and Realty. The environment ministry has decided to halt the CNX-Midcap 9,309 9,310 -0.06
plans of Vedanta Alumina to expand its Rs46bn Sensex 19,924 19,924 -0.56
Lanjigarh refinery in Orissa.
CG 15,887 15,836 0.32
Larsen & Toubro has won an order worth
Economic Outlook Rs14.5bn from Bhaskar Group’s DB Power to HC 6,375 6,358 0.26
supply and erect balance of plant package for a OIL&GAS 10,746 10,738 0.07
1,200-mw power plant in Chhattisgarh.
Sesa Goa is talking to the Orissa-based Ahluwalia IT 6,017 6,016 0.01
Direct tax collections rose 19% in the six months to
September, increasing the chances of the government family to renew a mining agreement that will POWER 3,195 3,196 -0.02
raising the budgeted Rs 4,30,000 crore for the entire enable Sesa to expand its capacity to five million
tonne (mt).
TECk 3,687 3,698 -0.32
fiscal year and ending with a lower-than-budgeted
fiscal deficit. Sesa Goa said it will respond by this week to the PSU 10,262 10,297 -0.34
States have asked the Centre to drop two key latest Sebi query on making open offer to acquire
BANKEX 13,861 13,931 -0.5
provisions from the constitutional amendments up to 20 per cent stake in Cairn.
suggested to facilitate the proposed goods and Indian Oil Corp said its Rs298bn Paradip refinery in AUTO 9,708 9,766 -0.59
services tax, but the Union finance ministry is unlikely Orissa will be commissioned by March 2012 and FMCG 3,571 3,603 -0.88
to accept the suggestion, indicating that the impasse will cater to domestic market.
over the indirect tax reform is likely to continue. Indian Oil Corp is planning a follow-on public share CD 6,199 6,275 -1.21
The government will make it tough for foreign firms to offer to raise about Rs190bn. REALTY 3,779 3,841 -1.6
exercise control over Indian businesses through Indian Oil Corp Gujarat refinery to process Cairn
crude from November. METAL 16,905 17,276 -2.15
indirect arrangements.
Trade Data International News International Indices

Index NSE BSE The man in charge of resurrecting Japan Airlines Index LTP Change % Change
said Wednesday that the carrier is aggressively
shedding its bad habits and moving toward
financial health more quickly than expected.
Advances When chairman Kazuo Inamori, 78, took over
DJIA 10979 -165 -1.48
1257 438 nine months ago, Japan Airlines, known as JAL,
was a sick company. It had just filed for one of
Declines Nasdaq 2437 -44 -1.76
the biggest corporate bankruptcies in Japanese
2023 928
history, saddled with $25.6 billion in debt,
Unchanged unprofitable routes and a bloated workforce. 1166 -19 -1.59
S&P 500
151 64 China is launching a new crackdown on copyright
violations and shoddy products that will target
A/D Ratio Bovespa 69864 -1872 -2.61
0.62 0.47 everything from high-tech goods to food, the
country's public security minister said
Wednesday. The anti-piracy campaign kicks off FTSE 100 5709 5 0.09
at the end of October and will run for half a
Market Outlook
year, Minister Meng Jianzhu told visiting US
Attorney General Eric Holder, who offered CAC 40 3808 0 0.01
Washington's assistance in tracking violators.
Market opened on a flat note and traded in a
Europe's recovery is underway but governments DAX 6496 6 0.09
range of 6036-6000. However, selling in the last must ensure necessary fiscal consolidation does
hour of the trade drags nifty to close in red not hurt jobs or growth and can be slowed in Madrid
almost 43 points down from yesterdays close. For General 1120 -3 -0.25
some cases if momentum stalls, the
the coming trading session nifty is likely to take International Monetary Fund said on
support near 5953 levels.6000-6015 will act as Wednesday. Earlier this month, the Fund raised Nikkei 225 9382 -158 -1.65
the resistance for the day. its growth outlook for the euro area to 1.7 per
cent in 2010 and 1.5 per cent in 2011, and it said
Hang Seng 23557 -207 -0.87
in the outlook inflation would remain low at 1.6
per cent and 1.5 per cent, respectively. It said
there were still risks, including the possibilities All Ordinaries 4695 -33 -0.69
of weaker than predicted global growth as well
as renewed volatility on European markets. Straits Times 3179 -13 -0.41
Nifty Top 5 Gainers Nifty Technical Indicators Currencies

Stock Price % Change NIFTY Support Resistance Index Close %Change

Pivot 1 5954 6026

Pivot 2 5924 6068 USD/INR 44.325 -0.06%
Ranbaxy Labs 587.1 1.82
Pivot 3 5882 6098
Nifty opened flat and continued to tumble today EUR/USD 1.3821 0.71%
Tata Power 1,391.55 1.21
as the world markets were also weak
GBP/USD 1.5722 0.10%
BPCL 714.25 0.92
USD/JPY 81.19 -0.44%
NTPC 205.4 0.56
USD/CHF 0.9645 -0.72%

Reliance 1,049.45 0.48 USD/CAD 1.0299 -0.33%

Nifty Top 5 Losers Nifty Chart (Technical Indicators) Commodities

NSE Nifty [N59901] 6002.95, 6038.10, 5966.75, 5984.40, 716128064 -0.71%

Price Boll(S,20,2.00) Log IRIS

6200
Commodity MCX
Stock Price % Change 5960.99
6000

5800
5759.87
5821.59

5683.03
Aluminium 103.65
5600
5523.38
5400
1
5288.29
5200 Copper 370.25
5000

Sterlite Ind 170.15 -3.52 Crude Oil

Vol
Source : www.SpiderSoftwareIndia.Com
0
Cr
4800
3629
100

75.00

HDFC 697.9 -3.16 50.00

Gold 19539
25.00

Macd(S,9,S,24,E,9)
Lead 105.95
200

Sesa Goa 348.2 -3.09 100

0.00 Nickel 1045.6

RSI(14,E,9)

HCL Tech 426.1 -2.99 80.00

Silver 35588
60.00

\ 40.00 Zinc 105.7

Tata Steel 615.7 -2.76 10:M A M J J A S O Dly

HDFC 706.5 -2.02

 Larsen and Toubro

Technicals Ceat is one of India’s leading tyre manufacturers, with an annual turnover of Rs 1,952 crores. It enjoy long-standing
business tie-ups with major OEMs including TATA Motors, Ashok Leyland, Mahindra & Mahindra, Maruti, L&T,
Eicher, Swaraj Mazda, Caterpillar, Bajaj Tempo, Piaggio, Hero Honda, HMSI (wholly owned subsidiary of Honda
Motors, Japan) and TVS Motors.
Support 157

Ceat Ltd reported a slump in net profit at Rs 15.3 crore for quarter-end September compared to Rs 61.5 crore for
Resistance 173
the same period last year. Its revenues were up at Rs 832 crore versus Rs 685 crore.
Current Market Price 162 Rubber prices are currently trading at Rs 185 per kg ex-Cochin. This has gone up by about Rs 15 in the last few
weeks.
CEAT limited is in a downtrend currently and looks The increase in rubber prices would lead to further price increases and if that does not happen then a drop in the
weak on the charts. We expect it to fall further from margin.
these levels to the next support levels. This basically points to some tough times ahead for the tyre major

Parameter 03/06 03/07 03/08 03/09 03/10

Net Sales 1744.08 2133.08 2327.59 2366.49 2807.47
Total Income 1792.68 2160.01 2455.85 2429.2 2879.04
Total Expenditure 1692.74 1997.78 2159.09 2356.63 2540.9
Operating Profit 99.94 162.23 296.76 72.57 338.14
Interest 72.27 70.25 66.47 84.11 72.27
Reported Net Profit 0.52 39.25 148.6 -16.11 161.04
Dividend 0 8.21 13.7 0 13.69
Earnings Per Share-Unit Curr 0.11 8.29 42.72 0 46.35
Key Ratios
Debt-Equity Ratio 1.5 1.39 1.1 1.14 1.17
Current Ratio 0.98 0.78 0.95 1.14 1.16
Interest Cover Ratio 1.07 1.87 2.78 0.56 4.31
PBIDTM 5.12 6.79 8.36 2.78 11.31
ROCE 9.58 15.07 19.97 4.46 25.82
RONW 0.16 10.79 20.09 -3.28 28.95
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