>Market Preview (MARWADI FINANCIAL)

# The stimulus measures taken in last few months seem to be working in
India as there have been some early sign of pick up in economic activity
both on rural as well as industrial side . But by no mean we can say that
it’s a bottoming out of economic slow down as there are still some
stress areas such as export, job markets and credit-flow.

# We believe that continued FII selling and down turn trend in overseas
markets will put pressure on Indian equities and market can still be in a
narrow range of 2700 -2840 with negative bias.

To see full report: Market Preview 20-02-2009

>Daily F&O (MARWADI FINANCIAL)

To see full report: F&O 19-02-2009

>India Cement Sector (HSBC)

India Cement Sector

High dispatch growth an aberration to the trend

# High 8% dispatch growth in January primarily due to low
base effect and strong growth in the north

# January dispatch growth in south and west at 4-year lows;
strong short-term growth likely, long-term outlook sluggish

# Remain cautious on the sector; our key Underweight (V)
stocks are ACC, Ambuja Cements and India Cements

To see full report: India Cement Sector

>Derivative Strategies (INDIABULLS)

To read full report : Derivative Strategies 19-02-2009