MARKETS Asian Market is trading mixed as Hang Seng was down by 0.91% while Nikkei 225 was up by 0.37% and a CSI 300 was down by 0.87%. Chinese stocks retreated, tempering gains in Japan, Australia and South Korea, amid delays to a link between Hong Kong and Shanghai, while Brent crude fell. U.K. equity-index futures climbed with the euro as the European Central Bank said most lenders passed stress tests. Overnight U.S. markets were up by 0.76%.SGX Nifty at 9:00AM was trading at 8052 with a gain of 32 points. US FOMC rate decision on 29th Oct, important quarterly results, F&O clearing will determine market movements in India this week. Every decline is a buying opportunity esp. in Banking and Financials, Auto on declining trends in Inflation and hopes of rate cuts, besides pick up in economic activity in India. 25 European Banks have failed stress tests out of 125 meaning early volatilities in Banking shares cannot be ruled out. SBI, Indian Bank, BOB, IDFC are good buys. Hind Unilever, Bharti Infratel are imp results today besides others. MARKET STATS AT 9:00AM Domestic Indices N-Ferrous Metals Last Price Sensex 26851.05 63.82 0.24 3.28 Copper($/MT) 6663.75 -26.25 -0.39 1.58 Nifty 8014.55 18.65 0.23 3.02 Aluminium($/MT) 1968.25 0.25 0.01 (0.19) Global Indices Last Price CH % CH % CH % CH 5D % CH 5D CH % CH % CH 5D Zinc($/MT) 2255.50 -1.50 -0.07 1.83 Dow Jones 16805.41 127.51 0.76 2.59 Nickel($/MT) 14925.00 -85.00 -0.57 (2.90) NASDAQ 4483.715 30.92 0.69 5.29 Lead($/MT) 1994.00 -1.50 -0.08 (1.09) S&P 500 1964.58 13.76 0.71 4.12 Bullion & Crude Oil Last Price FTSE 100 6388.73 -30.42 (0.47) 1.24 Gold($/oz) 1231.33 0.43 0.03 (1.25) CAC 40 4128.9 -28.78 (0.69) 2.37 Silver($/oz) 17.19 -0.02 -0.09 (1.42) DAX Last Price CH CH 8987.8 -59.51 (0.66) 1.55 NYMEX Crude Oil($/bbl) 81.11 15348.93 57.29 0.37 1.57 ADR/GDR Last Price Hang Seng 23090.8 -211.40 (0.91) 0.09 Infosys 62.18 Shanghai 2288.714 -13.57 (0.59) (2.89) ICICI B 54.51 0.06 0.11 4.51 CSI 300 2369.96 -20.75 (0.87) (3.45) Wipro 11.56 0.04 0.35 (3.26) KOSPI 1932 6.31 0.33 0.10 Sterlite #N/A Sec #N/A Sec #N/A Sec #N/A Sec Taiwan 8653.7 7.69 0.09 (0.11) HDFCB 49.78 0.21 0.42 1.80 % CH 5D Tata Mo 45.59 SGX Nifty 8052.5 32.50 0.41 3.82 Tata Com #N/A N/A Dow Jones 16734 -2.00 (0.01) 2.47 DR.Reddy 51.15 Currencies & Freight Last Price Last Price CH CH % CH % CH CH 0.69 0.12 % CH 5D Nikkei 225 Indices Future 0.10 % CH % CH 1.12 (1.93) % CH 5D 0.24 0.15 0.33 7.27 #N/A N/A #N/A N/A #N/A N/A 0.58 1.15 4.75 % CH 5D MTNL #N/A N/A #N/A N/A #N/A N/A #N/A N/A USD-INR X-RATE 61.28 -0.04 0.06 0.23 Patni #N/A N/A #N/A N/A #N/A N/A #N/A N/A EUR-INR X-RATE 77.88 -0.28 0.36 (0.11) SBI 84.5 0.30 0.36 2.86 INR-JPY X-RATE 1.77 0.00 0.00 (0.96) RIL 31.03 0.18 0.58 2.48 BALTIC DRY INDEX 1192 37.00 3.20 26.2712 L&T 25.5 0.12 0.47 8.51 SOURCE: BLOOMBERG EQUITY MOVERS: * Aditya Birla Nuvo unit signs MoU with MMI Holdings to enter health insurance sector * Mahindra & Mahindra Financial 2Q profit 2.07b rupees vs 2.21b a yr ago; Est. 2.05b rupees * Sesa Sterlite paid $82.75m to Asarco LLC to settle all claims; got RBI approval for remittance * Wipro 2Q net income 20.8b rupees vs 19.3b a yr earlier; misses est. 21.1b rupees * Tata Motors announces issue of $750m dual-tranche senior unsecured notes * India clears 470b rupees of defense acquisition proposals * CBI starts fresh probe against Jindal Steel officials WHAT TO WATCH: * 25 of 130 European lenders failed stress test led by the European Central Bank, which found the biggest capital hole in the region’s banking system in Italy * Foreign investors increased holdings of rupee debt by $106.6m to $46.6b on Oct. 21: Sebi data * Investec Asset Management says it’s buying INR non- deliverable forwards for Asia’s highest carry-trade returns * India invites bids from agencies to conduct apectrum auction * Wal-Mart names Murali Lanka chief operations officer for India; plans to open 50 new wholesale centers in country * India receives spot LNG cargo from Nigeria at Dahej terminal * U.S., India may boost infrastructure spending: Caterpillar * India ‘bull run’ sparks record asset-linked securities sales * India considering Vietnam’s offer of oil fields: official * India must lower Inflation, narrow fiscal gap: Subramanian * India to hold Jammu & Kashmir, Jharkhand polls from Nov. 25 * DragonWave gets follow-on orders in India for Horizon Compact+ EARNINGS: * Hindustan Unilever - 2Q, Est. 9.93b rupees (32 analysts) * Bharti Infratel - 2Q, Est. 4.77b rupees (14) * Kajaria Ceramics - 2Q, Est. 398m rupees (7) * State Bank of Mysore, Linde India, Texmaco Rail & Engineering, Lakshmi Machine Works, Indiabulls Housing Finance, Indiabulls Securities, Indiabulls Wholesale Services. CONFERENCES/EVENTS: * 10am. New Delhi. Army Vice Chief Lt. Gen. Philip Campose to address International Seminar on Digitization of Battle Field * 10am. New Delhi. Federal Communications Minister Ravi Shankar Prasad to address United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) Forum * 10am. New Delhi. Environment minister Prakash Javadekar will inaugurate National Workshop on “Scaling-Up Good Practices for Climate Change Adaptation” * 10am. New Delhi. Australian Parliament delegation to call on Union Minister of Tribal Affairs Jual Oram SOURCE: BLOOMBERG Regards, Soumyadip Raha Disclaimer The investments discussed or recommended in this report may not be suitable for all investors. Investors should use this research as one input into formulating an investment opinion. Additional inputs should include, but are not limited to, the review of other. 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