Market Summary :-Indian market again saw a positive session supported by banking, Realty and Metals while Auto and Capital Goods faced selling at higher levels, Cement sector appeared weak. Sensex closed at 19992, up 142 points from its previous close, and Nifty closed at 6011, up 50 points. The CNX Midcap Index was up 0.5% and the BSE Smallcap index was up 1.1%. The market breadth was positive with advances at 887 against declines of 411 on the NSE. The top Nifty gainers were Sterlite Industries, RCom, Wipro and Suzlon and losers included Hero Honda, NTPC, BPCL and Mahindra & Mahindra.

The FIIs were net buyers with investments worth Rs 386.12 cr (prov. cash market fig) Market Outlook In the next session, market is expected to face profit booking at higher levels. However, if sustained below 5980, selling pressure may drag NIFTY to 5900 or more. Sustaining above 6030, may be a bullish signal for NIFTY. Banking stocks and Auto may face profit booking at higher levels. Metals and IT sector may stay strong

Corporate News � Engineering and construction major Larsen & Toubro (L&T) has secured two orders worth Rs 415 crore from Hindalco and Sepco-1 for construction of thermal power plant. The first order valued at Rs 253 crore has been secured from Hindalco for carrying out steel works for the 6x150 MW captive power plants in Orissa. The second order is worth Rs 162 crore and has been obtained from Sepco-1 for the 2x660 MW Talwandi Sabo Power plant in Punjab.

� Hyderabad-based Construction Company Ramky Infrastructure has earmarked capital expenditure of Rs 1,000 crore across business segments over the next three-years. The company is at present involved in five industrial projects, five road projects, three integrated and one transport terminal.

� Apollo Hospitals Enterprise is looking to offload a 49% stake in its pharmacy chain unit and is also exploring the possibility of listing the unit in six months. The hospital chain is planning to raise Rs 550 crore via equity and debt for expansion by March.

Economic Updates

� The country's merchandise exports in October 2010 rose faster than imports for the first time in the last three years. Exports roseto $18 billion, up 21.3% over $14.80 billion in the month of 2009. Imports, on the other hand, grew 6.8% to $27.70 billion from $26 billion in October last year. During the first seven months of the financial year through October, exports rose 26.8% to $121.39 billion, over $95.75 billion during the April-October period 2009.