EVENT TO WATCH
US- chain store sales
US-Jobless claims
US-Factory orders

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

Indian shares snapped a two-day falling streak to close 0.8 percent higher on Saturday buoyed by overnight gains on Wall Street, but investors remained cautious about European debt and the global recovery.
The market for the shorter term is oversold and Wall Street's recovery added to the rally,
There is some bounce back because of this short covering
The market can see selling coming back at slightly higher levels on Monday or Tuesday due to Europe's debt problems and reversal of dollar carry trade,
The benchmark 30-share BSE Index ended up 0.79 percent, or 124.72 points, at 15,915.65 in a special 90-minute trading session held by the stock exchanges to help the National Stock Exchange (NSE) test an upgraded trading system.

The index, which fell 2.7 percent on Friday to its lowest close in three months, dropped 2.7 percent on the week to record its third straight weekly fall.

Top gainers on the Sensex were Hindalco at Rs 140.70 up 1.88%, DLF at Rs 315.20 up 1.86%, Jaiprakash Asso at Rs 127.30 up 1.64%, Tata Steel at Rs 558.40 up 1.44% and Sterlite Ind at Rs 745 up 1.15%.
However, top losers on the Sensex were Hero Honda at Rs 1,575 down 0.7% and ICICI Bank at Rs 797.90 down 0.06%.
Index heavyweights Reliance Industries and Infosys Technologies led the gains on Saturday by rising 1.3 percent and 1.6 percent, respectively. These two stocks have a combined weightage of about 23 percent in the main index.
In the broader market, 1,951 gainers beat 619 losers on a total volume of 90.4 million shares.
The 50-share NSE index ended 0.82 percent higher at 4,757.25 points.

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

•Record Date - Jayshree Chemicals Rights Issue of 9:2
•Record Date - Pitambar Coated Papers Consolidation of Shares
•Record Date - Mounteverest Trading & Investment Bonus Issue
Don't forget these latest bonus announcements as well -

•Indo Asian Finance bonus issue
The board meeting of Indo Asian Finance will be held on 05 February 2010 to consider issue of bonus shares. Indo Asian Finance is a non-banking financialcompany having its registered office in Chennai. The company is engaged in hire purchase finance within the state of Tamil Nadu.

•Shree Ashtavinayak Cine Vision to issue & allot bonus shares

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

Monthly economy review
India’s trade deficit in November 2009 came in at USD9.7
billion, declining on a year-on-year (y-o-y) basis but increasing
on a month-on-month (m-o-m) basis. On a y-o-y basis, the
trade deficit fell by 21.4% whereas the sequential increase in
the same stood at 10%. Notably, exports registered a y-o-y
growth of 18.2% in November 2009, after contracting for 13
consecutive months. Meanwhile imports continued to
contract albeit at a slower pace of 2.6% year on year (yoy).

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

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News Roundup
• India’s benchmark index, Nifty closed in red with a
decline of 2.56% for the week ended 6th Feb, 10
on the back of profit booking and weak global
cues. Most of the global indices ended in red
during this week.
• Nifty reacted sharply along with Asian and global
indices. The global markets were concerned about
developments in Europe. The concerns about
default by Greece, Portugal and Spain are rising
.The pricing of credit default swap on sovereign
debt of these countries has been rising
• The securities and Exchange Board of India
(SEBI) has directed mutual funds to mark-tomarket
debt and money market securities with
residual maturity of upto 91 days or over (earlier it
was 182 days) and value papers at weighted
average price at which they are traded on the
particular valuation day.SEBI has also directed
mutual fund firms to disclose transaction details on
daily basis, including inter scheme transfers.
• RBI has withdrawn the facility of short term foreign
currency borrowing provided to Non Bank Finance
Companies-Non deposit taking-Systematically
important and Housing finance companies. RBI
had allowed this facility in 2008 to raise short term
foreign currency borrowing not exceeding 50% of
net owned funds or $10mn which ever higher
• India received $1.5bn FDI in December
2009($1.36bn in Dec, 08), an increase of over
10% y-o-y.This is third consecutive jump of FDI on
y-o-y basis.
• India inc.’s overseas borrowing through external
commercial borrowing (ECB) and Foreign
currency convertible bond (FCCB) declined by
33.6% in Dec, 09 to $1.56bn as against $2.35bn in
Nov, 09.
• RBI survey has projected export would grow by
15.3% in next fiscal to $197.1bn.

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

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• Food inflation rose to 17.56 %( 17.4 % a week
ago) for the week ended January 23, driven by
higher pulses, vegetable prices.
• India’s forex reserves stood at $280.95Bn as on
29th Jan 10, with a decline of $1.9bn over the
figures of 22nd Jan 10.
• IMF has projected Indian Economy will grow by
6.75% in FY10 which is lower than RBI projection
(7.5%) and govt of India projection (7.75%).IMF
has projected a growth in FY11 would be 8%.
• Investor’s withdrawals of almost $1.6bn as on
week ended Feb.3 (EPFR global reported) from
global emerging markets equity funds led to a fall
in MSCI index (Emerging markets index, a gauge
of 22 developing nation) by 2.6%.
• The euro weakened to an eight-month low against
the dollar over a concern of widening budget
deficits would adversely impact economic
recovery.

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

• The unemployment rate in the U.S. dropped to 9.7
percent in Jan,10 lowest in five months even
though initial claims for jobless benefit jumped to
about half a million.
• China sold 10-year bonds at an average yield of
3.43 %( lower- than-forecast yields). Higher
demand from state owned banks to invest in govt
securities resulted such low yields.
• The market is expected to be influenced by further
developments in Euro zone and other global
issues. IIP numbers would be announced on 12th
Feb.

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 06-Feb-2010 8.24 36.69 -28.45

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 06-Feb-2010 73.49 41.01 32.48

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

India estimates FY 10 GDP growth at 7.2% (above market poll of 7% ) delivery selling in key index stocks, profit sales likely extend in specific stocks

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

POST MARKET
The BSE Sensex closed higher by 106.57 points or (0.67%) at
16,042.18 and NSE Nifty ended up by 32.25 points or (0.68%) at
4,792.65. BSE Mid cap and Small cap closed with gains of 28.55
and 36.14 points at 6,458.91 and 8,227.34 respectively. The BSE
Sensex touched intraday high of 16,094.13 and intraday low of
15,862.90. Among the Sensex pack 19 stocks ended in green
territory and 11 in red. The market breadth indicating the overall
health of the market remained positive as 1500 stocks closed in
green while 1302 stocks closed in green and 79 stocks remained
unchanged in BSE. The S&P CNX Nifty is up by 32.25 points or
0.68% to 4792.65. The NSE turnover was down Rs.12698.05 from
last trading session’s Rs. 14131.93 Crore.

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley