>Market Preview (MARWADI FINANCIAL)

Daily Market Preview

# The sharp intra-day recovery on Friday despite negative global cues indicates

a positive attitude to buying equities that is likely to develop on the back of

improving macroeconomics. Q3FY09 results while being poor in comparison

to FY08 did not signal any severe corporate distress, as expected.

# We therefore believe there could be some merit in small buying for the near

term as bear market rally could continue upto 3000 levels. We could see some

action in reality stocks as SBI announce one of the steepest rate cut in recent

times.

To see full report: Market Preview 2-02-2009

>Daily F&O REPORT (MARWADI FINANCIAL)

To see full report: F&O 2-02-2009

>Hindustan Unilever Ltd. (ANAGRAM)

HIGHLIGHTS

• HUL's numbers for the quarter ending December 2008 were in line with our expectations. The company reported a top line growth of 16.8% YoY and a bottom line growth of 11.1 YoY.
• Despite of the receding input costs the margins and did not improve significantly. The full benefit of these falling raw material prices will reflect from the next quarter.
• The Soap & Detergent segment grew by 25%, Personal products 12%, Beverages and Processed food by 24% and 19%, Ice creams 17%. On the other hand the Export segment and other products segment, which includes its water purifier business, saw a negative growth of 22.5% and 21%.
  

To see full report: HUL

>Currency Domestic Highlights (ANAGRAM)

WEEKLY DEVELOPMENTS

• 27 Jan, RBI its quarterly review kept all prime rates untouched. Currently, Repo stood at 5.5 percent, Reverse Repo rate at 4.0 percent, while CRR at 5.) percent.
• India's growth forecast is trimmed from October's 7.5-8.0 percent to 7.0 percent or less in 2008-09 which is slowest in six years.
• Friday, India sold 40 billion rupees of new 10-year federal bonds via yield-based auction and 30 billion rupees each of 7.56 percent 2014 bonds and 6.83 percent 2039 bonds via a multiple price auction method.
• According to the Central bank the federal government's fiscal deficit for 2008/09 was set to balloon to at least 5.9 percent of gross domestic product from an earlier estimated 2.5 percent, possible bringing the total federal and state shortfall to 8.5 percent.
• The inflation based on Wholesale Price Index for week ended 17 January 2009 was seen at 5.64%, slightly higher than 5.60% noted previous week.
  

To see full report: Currency Highlights