JULy 20, 2011. For Private Circulation Only

PREv CLOSe OpeN HiGh LoW CLOSe CHANGe BSe SENSEx 18654 18756 18766 18474 18502 Down 152 points (‐0.81%) NSe CNX NiFTy 5614 5642 5645 5555 5567 Down 47 points (‐0.83%) CNx MiDCaP 8213 8213 8248 8098 8108 Down 105 points (‐1.27%) SELLINg FORCEs iN ACTIOn ... • Taking cues from the global peers, the Indian markets opened on a positive note; Sensex opened with 100+ points over yesterday’s close. The rally was however short lived as the early afternoon trade witnessed selling pressures on account of weak Q1 11 results from , , etc. The downmove was led by the Power lot accompanied by the Healthcare pack that lost over 1.5%. Almost all BSe Sectoral indices ended with a red ticker. Earlier, the US markets closed with smart gains following the US president Obama’s statement over the probable deal with the policymakers on the prevailing debt concerns. Most of the Asian markets closed with decent gains. • Asian Indices: China ‐0.10%, Hong Kong +0.30%, Japan +1.17%, S Korea +1.16% and Taiwan 2.13%. • European Indices*: France +0.99%, Germany +0.19%, UK +0.85%. • Bse Sectoral Indices: Losers: Power ‐1.73%, HC ‐1.71%, CG ‐1.45%, Auto ‐1.42%, Bankex ‐1.34%. Laggards: FMCG +0.24%, Realty ‐0.02%, Oil&Gas ‐0.47%. CBOe ViX (19‐07‐11) US DOLLAr INDEx* 19.21 74.90* NIIt TECHNOLOGIeS: CMP: ` 222 (+10%) The stock price zoomed following the announcement that the company has a robust outstanding order book of $200 mn for the next 12 months, which provides strong revenue visibility. The company reported that 7 new customers were added during the quarter. WIPRo LTd.: CMP: ` 399 (‐4%) The shares declined on a lower‐than‐expected Q1 results from the company. Wipro’s net profit experienced a muted growth of mere 1% to `1335 cr as per IFRS while the top‐line improved 18% to `8564 cr in Q1. DiSH Tv: CMP: ` 89 (‐4%) The share price plunged as the investors looked for some profit booking after the stock rallied on improved Q1 results. Dish TV’s net loss contracted from `63.1 cr in Q1 2010 to `18.3 cr in Q1 2011 on the top‐line growth of over 50%. CADILa HEALTHCARe: CMP: ` 872 (‐8%) The large cap pharmaceutical company which reported a weaker‐than‐expected Q1 2011 results yesterday fell steeply today. The company had reported a rise of 15.4% y‐o‐y in the net profit to `229.82 cr & an increase of 11.2% y‐o‐y in the top‐line to `1173.51 cr in Q1 2011. BEATINg tHe STREEt: Gainers were DLF, , ITC, HUL, , PNB. EXPECTATIOn BELIEd: Losers were Wipro, Hindalco, JP Associates, Ranbaxy, Dr Reddys, Kotak Mahindra, NTPC. MARKEt BREADTh BSe ADVANCe BSe DECLINe BSe UNCHANGeD BSe TOTaL 1195 (39.54%) 1696 (56.12%) 131 (4.33%) 3022 (100%) TURNOVER CUM‐DIV NSE 500 CUM‐ BASIS CNX 500

20‐07‐11 19‐07‐11 Company CumUpto 20‐07‐11 Div Company Cum Upto Co Action BSe 3166 2863 Aur Pharm 20‐07‐11 173 1.00 NSe 11315 9900 Bajaj Elec 20‐07‐11 246 2.80 NSe FO 133493 118324 Berg Paint 20‐07‐11 104 0.80 Total 147974 131087 Ind Hotel 20‐07‐11 78 1.00 VOLUMe SHOCKERs (BSe) (Shares iN LAKHs) Crompton Greaves 132.20 GTL 42.77 Subex 50.85 Unitech 41.89 *Values recorded at the time of preparation of product [email protected] & [email protected] Please Note that our technical calls are totally independent of our fundamental calls. Additional information with respect to any securities referred to herein will be available upon request. Sushil Financial Services Private Limited and its connected companies, and their respective directors, Officers and employees (to be collectively known as SFSPL), may, from time to time, have a long or short position in the securities mentioned and may sell or buy such securities. SFSPL may act upon or make use of information contained herein prior to the publication thereof. This sheet is for private circulation only and the said document does not constitute an offer to buy or sell any securities mentioned herein. While utmost care has been taken in preparing the above, We claim no responsibility for its accuracy. We shall not be liable for any direct or indirect losses arising from the use thereof and the investors are requested to use the information contained herein at their own risk. Sushil Financial Services Private Limited Member: BSEL, SEBI Regn.No. INB/F010982338 | NSEIL, SEBI Regn.No. INB/F230607435 Tel.: 022-6698 0636 Fax: 022-6698 0606 E-mail: [email protected]