>APIL(RR)

• The market may open lower tracking weak Asian stocks. Investors will keenly watch the
inflation data for the month of November 2009 due to be announced by the government
today. The annual rate of inflation, based on monthly wholesale price index (WPI), stood at
1.34 % for the month of October 2009 over October 2008.
• A finance ministry official said on Friday 11 December 2009 the government was taking
steps to moderate the rise in food prices, a day after data showed the food price index
whish is released weekly jumped an annual 19.05 % on 28 November 2009.
• Industrial output jumped 10.3% in October 2009 from a year earlier, helped by stimulus
measures and robust domestic demand, data released bythe government on Friday
showed. Manufacturing production rose 11.1% in October 2009 from a decline of 0.6% a
year earlier. September's annual industrial growth rate was revised upward to 9.6% from
9.1% previously. Industrial output rose 2.6% in the 2008/09 fiscal year (April-March),
slower than 8.5% in 2007/08.
• Investors fear that a recovery in the economy and a likely surge in wholesale price inflation
will add pressure on the central bank to raise interest rates. The Reserve Bank of India
holds a quarterly policy review in late January 2010.
• Meanwhile, DB Corp, India's second largest regional newspaper, was subscribed 2.02
times on the first day of issue on Friday 11 December 2009. The company has set a price
band of Rs 185-212 a share.
• Mumbai based realty firm Godrej Properties' initial public offering (IPO) was subscribed 4
times on last day of the issue on 11 December 2009.
• Asian stocks fell on Monday led by banks and commodity producers, as a measure of
Japanese business confidence showed companies are scaling back the investment plans
and oil prices dropped.

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