Indian Equities – Round up of Fund Managers Activities in July 2007

Strong Increase in AUM levels; Cash levels Increases to Rs 141 bn

AUM Trends in July 2007
• Markets shown an upward trend with Sensex & BSE 500 gaining 6.1% and 4.9% respectively. The equity AUMs increase
by Rs 63 bn in absolute terms.
o Notable Gainers: ICICI-Pru (24 bn), Templeton (11 bn), Birla (8 bn), SBI (7 bn), UTI (5 bn)
Sectoral Exposure Trends for AMCs in July 2007
• Gainers: Banks, Construction, Capital Goods, Power, Metals
• Losers: IT, Auto, Pharmaceuticals, Miscellaneous, Oil & Gas
Cash Holdings of AMCs
• July 2007 saw Cash levels (as % of AUMs) inecrease to 9.4% from 7.7% last month (an increase of Rs. 47 bn in absolute
terms).
• AMCs are still sitting on Rs141 bn of cash at the end of July (with further amounts still being garnered by NFOs)
• The AMCs with cash in excess of 10% of AUMs are Can (16.9), ICICI-Pru (15.7), Reliance (13.3), Birla (11.9), ING
(11.2), DBS Chola (10.4), SBI (10.3)
FII Monitor
• We present the key portfolio movements of ABN AMRO Bank, Arisaig Partners Asia, Blackstone Asia Advisors, BNP
Paribas, Bretco Holdings Mauritius, Citigroup International & Global Markets Mauritius, Copthall Mauritius, Credit Suisse
Singapore Ltd, Deutsche Securities Mauritius, Goldman Sachs Investment (Mauritius), Lehman Brothers Asia Fund,
Macquarie Bank, Merrill Lynch Capital Markets, Morgan Stanley And Co Int., Morgan Stanley Dean Witter Mauritius,
New York Life Investment Management India Fund, T Rowe Price International and UBS Securities Asia Limited.
Also inside: Sectoral Exposures & Sector Movements for Each of the Top 20 Indian AMCs

Confidential – Prepared by B&K Securities Page 1 of 27 17-Aug-07

Table of Contents:
1. AMCs Rankings – Which AMCs saw increase in Equities under Management (July 2007)
2. Sectoral Exposures of Indian Equity MFs (as a whole)
3. Notable Changes in Sectoral Exposures
4. Trends in Cash Holdings of AMCs
5. AMC Level Analysis of Cash Holdings
6. Sectoral Exposures of Top 20 AMCs (as on 31 July 07)
7. Major Changes in Sectoral Exposures of Top 20 AMCs (in July 2007)
8. FII Deal Monitor – Summary of Large FII Trades
9. Indian Bulk Deal Monitor
Key Assumptions:
The analysis excludes the following:
MF Scheme’s NFOs closed in July 07 AMC/Schemes for which data not available
• Birla Sun Life Capital Protection Oriented Fund • Fidelity AMC (Rs 79 bn)
– 3&5 Years Plan • BOB AMC , Escorts AMC, Benchmark AMC
• Lotus India Growth Fund • Birla MIP savings 5 growth, Index Fund
• Reliance Equity Advantage Fund • LIC MF India Vision Fund
• Sundaram BNP Paribas Global Advantage • SBI Infrastructure Fund
• UTI India Lifestyle Fund • Tata Capital Builder, Equity Management, Index Funds, Tax Advantage.
• HDFC Mid-Cap Opportunities
• DSP Merrill Lynch Micro Cap
• Franklin India High Growth Companies
• PRINCIPAL Global Opportunities
• JPMorgan India Equity
• AIG India Equity
o Analysis Includes all Open & Closed ended schemes
o Analysis includes all schemes holding any Equity investments (Equity, Balanced, MIP, Index Schemes)
o ‘Equity under Management’ will not tally with the disclosed Scheme Corpus as we exclude Cash & Non-equity AUMs.

Confidential – Prepared by B&K Securities Page 2 of 27 17-Aug-07

AMCs Rankings – Which AMCs saw increase in Equities under Management*

Equity Holdings (Rs bn) Incremental Market Share (%) AMC wise Notable
AMC Jul-07 Jun-07 Chg Mkt. Share (%) Jul-07 Jun-07 Gainers in Equity AUM (Rs bn)
Reliance 175.2 170.7 4.5 7.1 12.4 12.6
UTI 173.6 168.2 5.4 8.6 12.3 12.4 - 5 10 15 20 25 30
HDFC 158.7 157.8 0.9 1.5 11.2 11.7
FT 148.3 137.4 11.0 17.3 10.5 10.2
SBI 143.5 136.1 7.3 11.6 10.1 10.1 ICICI-Pru 24
ICICI-Pru 135.9 111.7 24.2 38.4 9.6 8.3
Fidelity 79.1 77.3 1.8 2.9 5.6 5.7
FT 11 Change in AUM (Rs bn)
DSP ML 64.7 64.0 0.7 1.1 4.6 4.7
Birla 58.5 50.7 7.7 12.2 4.1 3.8
Sundaram 48.4 49.5 (1.1) (1.8) 3.4 3.7 Birla 8
Tata 44.2 43.3 0.9 1.4 3.1 3.2
HSBC 35.9 36.0 (0.1) (0.1) 2.5 2.7
SBI 7
Stan-C 30.8 31.6 (0.8) (1.3) 2.2 2.3
Morgan 26.0 29.8 (3.8) (6.1) 1.8 2.2
Principal 23.6 22.4 1.3 2.0 1.7 1.7 UTI 5
Kotak 20.7 20.4 0.2 0.4 1.5 1.5
JM 11.4 9.5 1.8 2.9 0.8 0.7
ABN 9.9 9.2 0.7 1.1 0.7 0.7 * Increase of greater than Rs 0.50 Bn
LIC 7.3 7.4 (0.1) (0.1) 0.5 0.5 *The above table incorporates pure Equity holdings under all
Can 5.9 5.5 0.5 0.7 0.4 0.4 equity schemes (includes close-ended schemes, MIP and
ING 4.4 4.4 (0.1) (0.1) 0.3 0.3 Balanced schemes). Thus ‘Equity under Management’ will
not tally with the Reported AUMs (except for Fidelity) \as we
Taurus 2.7 2.5 0.2 0.3 0.2 0.2 exclude Cash and Non-equity holdings in analyzing such
DBS Chola 2.2 2.1 0.1 0.2 0.2 0.2 schemes.
Lotus 1.9 1.9 (0.0) (0.1) 0.1 0.1
DWS 1.4 1.4 (0.0) (0.06) 0.10 0.10
Total Eq. for all 1,415 1,351 63 100.0

Confidential – Prepared by B&K Securities Page 3 of 27 17-Aug-07

Sectoral Exposures of Indian Equity MFs
Rank Chg in Wt (%) Chg Top 10 Sectors by Allocations
Jul-07 Jun-07 Rank Sector Jul-07 Jun-07 Wt (%) (% Equity AUM, July 07)
1 1 Capital Goods 14.1 13.6 0.48
- 5 10 15
2 2 Banks 12.5 11.9 0.63
Capital Goods 14.1
3 3 IT 8.4 10.0 -1.63 13.6
12.5
Banks
4 4 Oil & Gas 8.0 8.2 -0.18 11.9

IT 8.4
5 5 Telecom 6.1 6.0 0.08 10.0
6 6 Pharmaceuticals 5.6 6.0 -0.41 Oil & Gas 8.0
8.2
7 8 Metals 5.5 5.2 0.35 6.1
Telecom 6.0
8 9 Construction 5.3 4.7 0.56 Pharmaceuticals
5.6
6.0
9 7 Auto 5.1 5.6 -0.47 5.5
Metals 5.2
10 10 Cement 3.8 3.6 0.21
Construction 5.3
11 11 Power 3.7 3.4 0.35 4.7
Auto 5.1
12 12 Entertainment 3.2 3.2 (0.05) 5.6 Jul-07
3.8
13 13 Miscellaneous 2.9 3.1 -0.19 Cement 3.6 Jun-07

14 14 Textiles 2.5 2.4 0.11

15 15 FMCG 1.8 1.8 -0.06
The above table incorporates Equity holdings under
16 16 Fertilizers 1.6 1.5 0.04 close-ended schemes, MIP and Balanced schemes. (In
17 18 Tobacco 1.2 1.0 0.19 addition to pure equity dedicated schemes)
Sectors having a weight of less than 1% (July 07) have
18 17 Transport 1.0 1.1 -0.08
not been shown in the above table

Confidential – Prepared by B&K Securities Page 4 of 27 17-Aug-07

Changes in Sectoral Exposures during July 07 over June 07

Top 10 Sectors which saw INCREASE in Allocations… Top 10 Sectors which saw DECREASE in Allocations…
0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 - 0.20 0.40 0.60 0.80 1.00

Banks 0.63 IT

Construction 0.56 Auto 0.47

Capital Goods 0.48 Pharmaceuticals 0.41

Power 0.35 Miscellaneous 0.19

Metals 0.35 Oil & Gas 0.18

Cement 0.21 Transport 0.08

Tobacco 0.19 Diversified 0.06

Textiles 0.11 FMCG 0.06

Plastic 0.09 Entertainment 0.05

Telecom 0.08 Sugar 0.05

Confidential – Prepared by B&K Securities Page 5 of 27 17-Aug-07

Trends in Cash Holdings of AMCs
1,600
Cas h & e quivale nts Rs bn 14
Indus try AUM Rs bn 141
1,400
Cas h as % of Total AUM
13

1,200 94
95 1,362 12

Cas h as % of Total AUM

102
98 1,127
Total AUM Rs bn

1,000 99 1,101
1,013 11
942 955
800
10
9.5
9.3 9.4
600 9.1
9

400 7.9 8
7.7

200 7

- 6
Fe b'07 Mar'07 Apr'07 May'07 J un'07 J uly'07

• July 2007 saw Cash levels (as % of AUMs) inecrease to 9.4% from 7.7% last month (increase of Rs. 47 bn in absolute terms).
• Note that our analysis excludes Fidelity AMC (AUM Rs 79 bn), Morgan AMC (AUM Rs 26 bn) due to lack of sectoral data.

Confidential – Prepared by B&K Securities Page 6 of 27 17-Aug-07

AMC Level Analysis of Cash Holdings
Cash As % of AUM
A MC Level Cash Holdings
AMC Jul-07 Jun-07 Chg
30 18
Can 16.97 16.62 0.35 27 Cash
26
ICICI-Pru 15.71 10.04 5.68 16
% AUM
Reliance 13.32 14.17 (0.85) 25 15.7
Birla 11.99 10.02 1.97 13.3 14

Cash as %of AUM

ING 11.21 11.72 (0.51) 12.0
20 12
DBS Chola 10.42 18.93 (8.51)
10.3

Cash Rs bn
SBI 10.30 12.33 (2.03) 10
15 158.6 14
Principal 9.98 5.42 4.56 15 9.0
8.3
ABN 9.47 3.93 5.55 7.2 8
11
JM 9.33 2.87 6.46
10 6.3 6.3 6
Kotak 9.20 6.51 2.69
7
Stan-C 8.96 7.69 1.27 6 4
HDFC 8.64 3.42 5.22 131
5 3
DSP ML 8.33 3.01 5.32 2
FT 7.16 3.51 3.65
Taurus 6.62 12.03 (5.41) - -

FT

HSBC
HDFC

Stan-C
ICICI-Pru

DSP ML
Birla
SBI
UTI
HSBC 6.32 6.32 (0.00) Reliance
UTI 6.27 5.17 1.10
Tata 6.02 3.28 2.74
DWS 5.96 3.09 2.87
LIC 4.19 6.43 -2.24
Sundaram 3.95 3.68 0.27

Note this analyses excludes ALL MIPs/Balanced/Hybrid Equity Schemes as it is not possible to identify cash holdings of these in isolation to the fixed
income instruments that they also hold as part of the schemes investment mandate

Confidential – Prepared by B&K Securities Page 7 of 27 17-Aug-07

Sectoral Exposures of Top 20 AMCs (as on 31 July 07)

Sundaram
ICICI Pru

Principal
DSP ML

Reliance
Morgan
HDFC

Stan-C
HSBC

Kotak
ABN

Birla

ING

Tata

UTI
Can

LIC

SBI

FT
JM
Sector

CORPUS Rs bn 10 52 6 65 145 36 136 4 11 21 5 26 18 175 118 31 48 36 133 173

Capital Goods 19.5 14.5 22.2 11.5 21.7 13.4 7.6 12.7 11.9 9.8 12.3 20.1 13.2 9.7 15.7 8.9 15.2 19.8 16.8 13.9
Banks & Fin Ser 15.8 11.1 5.7 13.2 9.3 10.7 13.2 16.8 18.2 12.7 12.1 16.7 11.3 8.5 8.5 21.2 12.4 11.2 18.0 15.7
IT 14.4 10.6 7.2 8.6 7.5 8.3 11.5 7.2 3.1 11.8 17.5 16.1 9.5 7.6 8.2 10.9 3.0 5.6 7.3 7.8
Oil & Gas 5.2 6.6 10.4 10.2 10.5 8.1 9.8 9.3 1.4 6.4 13.8 8.0 7.9 5.1 8.7 15.1 5.6 6.4 5.6 8.6
Construction 14.5 3.3 5.3 11.1 3.1 10.1 4.5 3.3 14.5 7.5 4.4 4.5 5.3 8.7 1.7 5.0 6.5 4.5 3.1
Miscellaneous 0.3 0.3 1.0 -0.5 0.6 0.2 3.1 0.1 0.4 1.7 2.4 2.4 14.1 1.0 1.2 1.3 1.6 0.7 0.9
Telecom 2.3 8.5 7.2 6.6 3.3 9.3 5.6 3.9 2.9 6.9 12.7 12.0 2.8 4.5 3.9 9.1 5.0 8.0 7.0 8.9
Metals 4.8 3.2 5.3 6.9 2.6 4.5 6.2 5.9 6.4 6.9 3.4 11.1 7.1 8.4 5.5 12.1 8.9 2.6 4.2
Power 2.1 2.8 7.7 4.1 1.7 2.2 3.7 3.3 3.4 3.1 3.6 5.1 3.6 5.9 2.1 3.8 4.5 8.9 1.0 5.3
Entertainment 8.2 1.6 1.5 5.7 4.2 4.4 2.9 1.9 1.4 3.2 0.6 3.8 2.6 2.8 3.4 1.7 5.6 3.2 4.5 0.6
Auto 1.6 8.1 6.0 2.6 6.5 3.9 3.3 5.5 2.6 3.9 3.0 4.5 5.6 6.2 6.4 4.3 3.5 1.6 5.9 5.0
Pharmaceuticals 1.9 4.9 6.4 3.2 7.5 5.4 7.3 7.7 2.1 4.7 1.6 3.0 2.0 7.8 6.3 3.5 4.9 3.9 4.2 4.1
Textiles 1.0 2.4 1.1 1.7 2.0 4.1 2.7 2.7 7.0 2.3 0.2 3.2 5.5 0.8 1.6 1.9 3.3 1.2 4.4 3.3
Cement 5.5 3.1 4.5 3.4 0.1 5.5 2.4 1.6 4.6 1.0 6.4 3.8 3.6 6.5 3.3 4.0 3.4 5.4 6.2
Rubber & Tyres 1.4 0.6 1.4 0.6 2.2 4.7 0.2 0.7 0.4 0.5 0.1 0.0 0.7
FMCG 2.3 0.0 1.4 4.1 1.4 1.7 2.7 0.0 0.5 0.1 4.1 2.8 0.5 0.6 0.4 1.3 0.8 1.9 2.4
Shipping 1.2 0.7 0.4 0.9 0.3 0.7 4.0 1.0 0.2 1.8 0.3 0.5 0.4 2.0 0.9 0.7 0.9
Printing & Stationary 0.7 0.4 0.9 1.6 3.4 1.3 0.1 2.4 3.3 0.2 0.3 0.1 0.3 0.4 0.4
Fertilizers 0.5 2.3 0.2 1.5 2.4 0.8 1.2 2.0 0.1 1.1 1.2 1.8 1.8 0.3 3.0 0.8 1.5 1.3
Plastic 1.1 0.3 0.1 0.6 0.6 2.2 1.4 2.0 3.0 0.7 1.0 0.4 1.8 0.7 0.1

Figures in Shaded Red indicate > 20% weight

Confidential – Prepared by B&K Securities Page 8 of 27 17-Aug-07

 Figures in Shaded Black indicate > 10% weight

Summary of Major Changes in Sectoral Exposures of Top 18 AMCs (July 2007)

AMCs that have made 2 or more significant changes in Sectoral Exposures (defined as a change of more than 2%):

AMC Changes Added Reduced

More than 2 Significant Changes (%)
ABN 4 Construction (7.6) Banks(3.2), Power(3.3), Entertainment(3.4)
HSBC 3 Banks (2.6), Construction (2.5) IT (2.1)
JM 3 Banks (3.3),Capital Goods (4.3)
Morgan 4 Banks (4.2) IT(2.8), Construction(3.2),Oii & Gas (4.0)
Stan-C 3 Banks (2.2), Construction(2.5) Entertainment (3.4)
Banks (9.6), Capital Goods(8.0), Construction(7.7),
Sundaram 9 IT(19.1), Auto(5.1), Pharma (4.3)
Metals(5.1), Tobacco(2.5), Power(4.9)
Tata 5 Transport (7.0), Tobacco (5.0), Comp Hardware (4.0) Power (4.0), Fertilizers (4.0)
UTI 4 Auto (2.3), Tobacco (2.1) IT (8.1), Construction (2.4)

Less than 2 Significant Changes (%)

HDFC Banks (4.8) Entertainment (2.5)
ICICI-Pru Banks (2.1) IT (2.4)
Can Banks (2.7) IT (2.7)
DSP ML
Principal Banks (2.3)
Reliance IT (2.3)
FT IT (2.2)

Confidential – Prepared by B&K Securities Page 9 of 27 17-Aug-07

Major Changes in Sectoral Exposures of Top 18 AMCs (as on 31 July 07) – Detailed

Sundaram
Principal
ICICI Pru

Reliance
DSP ML

Morgan

Stan-C
HSBC
HDFC

Kotak
Birla
ABN

Tata
Can

SBI

UTI
JM

FT
AMC

IT (2.7) (2.1) (2.4) (2.8) (2.8) (19.1) (2.2) (8.1)

Banks & Fin Ser (3.2) 2.7 4.8 2.6 2.1 3.3 4.2 2.3 2.2 9.6
Capital Goods 4.3 0.4 8.0
Construction 7.6 2.5 (3.2) 2.5 7.7 (2.4)
Transport 7.0
Metals 5.1 2.3
Auto (5.1)
Tobacco 2.5 5.0 2.1
Power (3.3) 4.9 (4.0)
Pharmaceuticals (4.3)
Oil & Gas (4.0)
Computers -
4.0
Hardware
Fertilizers (4.0)
Miscellaneous (3.9)
Entertainment (3.4) (2.5) (3.4)

The above analysis ignores sectors, where none of AMC has changed its sector weight by less than 1%. Further only Top 18 AMCs & which have made changes of more
than 1% in any sector) have been mentioned in the above table (ignores data which is not too significant to make the table more meaningful). (Accordingly Benchmark,
BoB, Birla, DBS Chola, DWS, Escorts, Fidelity, Quantum, Sahara, Taurus and UTI AMCs don’t feature in the above table)
Figures in Red indicate a reduction in Sectoral weight by more than 2% while Figures in Yellow indicate an increase in Sectoral weight by more than 2%

Confidential – Prepared by B&K Securities Page 10 of 27 17-Aug-07

FII Deal Monitor
We introduce a Monthly FII Deal Monitor to provide clients an insight into the investment activities of the larger/more active FIIs. This analysis is based on the daily
‘Bulk Deal’ data reported to the Indian Stock Exchanges. The Table below summarises the investment activity of 18 such FIIs. (Note that the detailed Bulk Deal Data
is provided in the Appendices.

Exchg Deal Date Scrip Name Deal Type * Quantity Price** Value Rs mn Value USD mn
ABN AMRO
NSE 3-Jul-07 Orchid Chemicals. SELL 450,000 252.05 113.4 2.8
NSE 3-Jul-07 SREI Infrastructure Finan SELL 1,100,000 96.39 106.0 2.6
BSE 30-Jul-07 S S I. SELL 510,000 189.76 96.8 2.4
NSE 26-Jul-07 IFCI. BUY 6,686,143 55.86 373.5 9.2
BSE 25-Jul-07 SURYACHAKRA SELL 2,000,000 22.00 44.0 1.1
BSE 26-Jul-07 SURYACHAKRA SELL 1,982,632 22.00 43.6 1.1
NSE 23-Jul-07 MAN INDUSTRIES (I) BUY 136,065 283.00 38.5 1.0
NSE 24-Jul-07 Dena Bank BUY 1,850,000 57.71 106.8 2.6
BSE 12-Jul-07 KIRLOSKAR EL BUY 350,000 148.89 52.1 1.3

ARSAIG PARTNERS(ASIA)
NSE 13-Jul-07 SREI Infrastructure Finan BUY 2860686 95.78 274.00 6.78

BARCLAYS CAPITAL
BSE 30-Jul-07 ALOK INDUSTR BUY 1125000 67.86 76.34 1.89

BLACKSTONE INDIA
NSE 4-Jul-07 SREI Infrastructure Finan BUY 661700 97.55 64.55 1.60

BNP PARIBAS
NSE 4-Jul-07 Vishal Retail Limited BUY 210000 745.7 156.60 3.88
BSE 31-Jul-07 MILKFOOD BUY 147000 370 54.39 1.35

Confidential – Prepared by B&K Securities Page 11 of 27 17-Aug-07

BSMA LIMITED
NSE 19-Jul-07 Mahindra Gesco Developers BUY 246000 570.72 140.40 3.48
NSE 9-Jul-07 Gitanjali Gems Limited BUY 425000 208.01 88.40 2.19
BSE 23-Jul-07 UNITY INFRA BUY 100000 617 61.70 1.53
NSE 10-Jul-07 Euro Ceramics Limited BUY 316000 171.7 54.26 1.34
BSE 10-Jul-07 EURO CERAMIC BUY 284000 171 48.56 1.20
BSE 24-Jul-07 KARUT NET L SELL 190075 218.91 41.61 1.03
BSE 3-Jul-07 KARUT NET L BUY 212000 189.5 40.17 0.99
BSE 2-Jul-07 K S OILS BUY 463587 423 196.10 4.85

CAPITAL INTENATIONAL
NSE 30-Jul-07 McDowell Holdings Limited SELL 373372 233 87.00 2.15
BSE 31-Jul-07 MCD HOLDING SELL 293704 233 68.43 1.69
BSE 16-Jul-07 AMTEK AUTO L BUY 2293152 406.1 931.25 23.05

CARLSON FUND EQUITY

NSE 4-Jul-07 Bharat Earth Movers BUY 254000 1234.18 313.48 7.76
BSE 12-Jul-07 ADVANTA BUY 200000 990 198.00 4.90
NSE 3-Jul-07 Welspun Gujarat Stahl Roh SELL 1050000 237.09 248.94 6.16
BSE 3-Jul-07 WELSP GUJ SR SELL 950000 237.17 225.31 5.58

CITI GROUP GLOBAL

BSE 11-Jul-07 JM FINANCIAL BUY 188266 1044.75 196.69 4.87
NSE 6-Jul-07 Ahmednagar Forgings BUY 500000 245 122.50 3.03
NSE 23-Jul-07 Orient Paper & Ind BUY 99521 470 46.77 1.16
BSE 11-Jul-07 LUPIN SELL 438823 705.09 309.41 7.66
NSE 11-Jul-07 Ahmednagar Forgings BUY 187962 245 46.05 1.14
BSE 19-Jul-07 SPICE TELE BUY 4000000 56.84 227.36 5.63
NSE 9-Jul-07 GTL Limited BUY 497700 229.8 114.37 2.83
BSE 26-Jul-07 KARUT NET L BUY 330000 210 69.30 1.72
BSE 19-Jul-07 GITANJALI GE SELL 753012 260.07 195.84 4.85
NSE 13-Jul-07 SREI Infrastructure Finan SELL 1950000 95.75 186.71 4.62
BSE 27-Jul-07 GITANJALI GE BUY 500000 243.99 122.00 3.02

Confidential – Prepared by B&K Securities Page 12 of 27 17-Aug-07

BSE 12-Jul-07 IOL BROADBAN BUY 150000 567.92 85.19 2.11
NSE 4-Jul-07 SRF. BUY 340000 175.98 59.83 1.48
BSE 13-Jul-07 ZENSAR TECH BUY 600000 340 204.00 5.05
NSE 26-Jul-07 Birla Jute & Industries BUY 390000 271.18 105.76 2.62
NSE 25-Jul-07 FEDDERS LLOYDS CORPORATIO BUY 500000 147 73.50 1.82
NSE 20-Jul-07 JK Lakshmi Cement Limited BUY 301000 146.77 44.18 1.09
BSE 10-Jul-07 MACMILAN IND BUY 861695 253 218.01 5.40
NSE 19-Jul-07 Gitanjali Gems Limited SELL 760000 260.17 197.73 4.89

CLEARWATER CAPITAL
BSE 3-Jul-07 KAMAT HOTE I BUY 514,863 145.00 74.7 1.8
NSE 30-Jul-07 Alps Industries. BUY 2,344,549 42.70 100.1 2.5

CLSA
NSE 30-Jul-07 McDowell Holdings Limited BUY 371,500 233.00 86.6 2.1

COPTHALL MAURITIUS
BSE 26-Jul-07 CHAMPAGN IND BUY 150,000 625.00 93.8 2.3
NSE 5-Jul-07 Indiabulls Real Estate Li BUY 1282000 442.11 566.79 14.03
NSE 4-Jul-07 Indiabulls Real Estate Li BUY 1214000 444.28 539.36 13.35

CREDIT SUISSE SINGAPORE

NSE 20-Jul-07 Donear Industries Limited BUY 300000 205 61.50 1.52
BSE 10-Jul-07 ANKIT METAL SELL 1695750 36.69 62.22 1.54

DEUTSCHE SECURITIES
NSE 27-Jul-07 CESC. BUY 500000 489.99 245.00 6.06
NSE 3-Jul-07 Educomp Solutions Limited SELL 96000 2264.24 217.37 5.38
NSE 13-Jul-07 SREI Infrastructure Finan SELL 927000 96 88.99 2.20
BSE 26-Jul-07 SADBHAV ENGG SELL 97000 657 63.73 1.58
NSE 11-Jul-07 Ahmednagar Forgings SELL 186000 245 45.57 1.13
BSE 17-Jul-07 MCD HOLDING BUY 540942 213.5 115.49 2.86

Confidential – Prepared by B&K Securities Page 13 of 27 17-Aug-07

DSP MERRILL LYNCH
NSE 11-Jul-07 India Infoline Limited SELL 509801 734.89 374.65 9.27
NSE 12-Jul-07 India Infoline Limited SELL 359196 766.06 275.17 6.81
BSE 12-Jul-07 IND INFOLINE SELL 320658 765.66 245.52 6.08
BSE 11-Jul-07 IND INFOLINE SELL 287055 735.23 211.05 5.22
BSE 25-Jul-07 MODISON META BUY 135000 500 67.50 1.67

FIDELITY
BSE 19-Jul-07 SPICE TELE BUY 13250000 61.36 813.02 20.12
BSE 26-Jul-07 BALLARPUR IN SELL 2900974 125 362.62 8.98
BSE 6-Jul-07 ANG AUTO BUY 197074 250 49.27 1.22
NSE 19-Jul-07 Wire and Wireless (India) SELL 4523363 67.4 304.87 7.55
NSE 17-Jul-07 Solectron Centum Electron SELL 1147056 265.03 304.00 7.52
BSE 25-Jul-07 LLOYD ELE EN BUY 271300 197.02 53.45 1.32
NSE 13-Jul-07 Balrampur Chini Mills BUY 1700000 75.81 128.88 3.19
BSE 13-Jul-07 PFIZER. SELL 157247 803 126.27 3.13

FIRST CARLYLE VENTURES MAURITIUS

BSE 20-Jul-07 GREAT OFFSH BUY 951,000 861.70 819.5 20.3
NSE 20-Jul-07 Great Offshore Limited BUY 951,000 861.33 819.1 20.3

Goldman Sachs
BSE 19-Jul-07 GITANJALI GE BUY 500,000 261.00 130.5 3.2
BSE 19-Jul-07 SUJANA METAL BUY 3,340,000 34.99 116.9 2.9
BSE 23-Jul-07 GITANJALI GE SELL 500,000 250.01 125.0 3.1
NSE 26-Jul-07 IFCI. BUY 7,900,000 57.07 450.9 11.2
NSE 18-Jul-07 EID Parry. BUY 881,000 134.99 118.9 2.9
NSE 19-Jul-07 Gitanjali Gems Limited BUY 500,000 261.00 130.5 3.2
NSE 4-Jul-07 Prithvi Information Solut BUY 129,247 348.79 45.1 1.1
BSE 26-Jul-07 CESC BUY 616,148 490.00 301.9 7.5
BSE 25-Jul-07 LLOYD ELE EN BUY 500,000 197.00 98.5 2.4
BSE 24-Jul-07 EASTER SILK BUY 150,000 333.00 50.0 1.2

Confidential – Prepared by B&K Securities Page 14 of 27 17-Aug-07

NSE 23-Jul-07 Gitanjali Gems Limited SELL 436,000 250.01 109.0 2.7
NSE 9-Jul-07 Ess Dee Aluminium Limited BUY 158,128 494.32 78.2 1.9
BSE 10-Jul-07 OM MET INFRA BUY 910,600 57.00 51.9 1.3
BSE 25-Jul-07 FEDDERS LLYO BUY 500,000 147.00 73.5 1.8
BSE 16-Jul-07 SUJANA METAL SELL 1,900,000 28.66 54.5 1.3

JPMSL
BSE 5-Jul-07 VISHAL RETAI SELL 124194 727.35 90.33 2.24
BSE 17-Jul-07 MCD HOLDING SELL 544320 213.55 116.24 2.88
BSE 26-Jul-07 BALLARPUR IN BUY 2410000 125 301.25 7.46
BSE 31-Jul-07 MCD HOLDING BUY 270000 233 62.91 1.56
BSE 31-Jul-07 MILKFOOD SELL 147000 370 54.39 1.35
BSE 12-Jul-07 MCD HOLDING BUY 544766 212.4 115.71 2.86

LEHMAN BROTHERS ASIA

NSE 26-Jul-07 India Cements. BUY 1323542 207.01 273.99 6.78
BSE 26-Jul-07 SURYACHAKRA SELL 1991317 22 43.81 1.08
NSE 30-Jul-07 Alps Industries. SELL 1032144 42.7 44.07 1.09

Merrill Lynch Capital Market

NSE 13-Jul-07 Zensar Technologies -Depo BUY 466000 340 158.44 3.92
BSE 26-Jul-07 MANG CHE FER BUY 2479676 23.66 58.67 1.45
BSE 26-Jul-07 SURYACHAKRA BUY 4000000 22 88.00 2.18
BSE 2-Jul-07 IID FORGINGS BUY 90374 769.2 69.52 1.72
BSE 25-Jul-07 FACT ENTERP BUY 316006 158.45 50.07 1.24
NSE 6-Jul-07 Balaji Telefilms Limited SELL 1459337 230.31 336.10 8.32
NSE 19-Jul-07 Wire and Wireless (India) BUY 4850000 67.54 327.57 8.11
NSE 3-Jul-07 Nagarjuna Constr Co. BUY 1270152 196.24 249.25 6.17
NSE 30-Jul-07 Info Edge (India) Limited SELL 294217 822.27 241.93 5.99
NSE 30-Jul-07 NIIT Technologies Limited SELL 198932 472.05 93.91 2.32
NSE 13-Jul-07 Vishal Retail Limited BUY 119500 785.91 93.92 2.32

Confidential – Prepared by B&K Securities Page 15 of 27 17-Aug-07

Morgan Stanley
NSE 13-Jul-07 Zensar Technologies -Depo BUY 259000 340 88.06 2.18
NSE 30-Jul-07 Alps Industries. SELL 1314800 42.7 56.14 1.39
BSE 6-Jul-07 ANG AUTO SELL 197881 250.01 49.47 1.22
BSE 26-Jul-07 INFRA DEVFIN BUY 7401929 133.6 988.90 24.48
BSE 13-Jul-07 INFOTECH ENR BUY 493166 394.93 194.77 4.82
BSE 23-Jul-07 GITANJALI GE BUY 500000 250 125.00 3.09
BSE 18-Jul-07 GITANJALI GE BUY 500000 243.5 121.75 3.01
BSE 26-Jul-07 BOMBAY DYEI SELL 225557 600.04 135.34 3.35
BSE 11-Jul-07 KARUT NET L BUY 750000 185.47 139.10 3.44
BSE 19-Jul-07 GITANJALI GE BUY 500000 250 125.00 3.09
BSE 19-Jul-07 SUJANA METAL SELL 1345621 35.01 47.11 1.17
BSE 19-Jul-07 SUJANA METAL SELL 1254379 35 43.90 1.09
NSE 12-Jul-07 Rico Auto Industries SELL 977200 45.5 44.46 1.10

MORGAN STANLEY DEAN WITTER

NSE 16-Jul-07 Mastek BUY 520000 329.02 171.09 4.23
NSE 13-Jul-07 Infotech Enterprises BUY 368403 394.81 145.45 3.60
NSE 19-Jul-07 Gitanjali Gems Limited BUY 500000 250 125.00 3.09
NSE 23-Jul-07 Gitanjali Gems Limited BUY 500000 250 125.00 3.09
NSE 18-Jul-07 Gitanjali Gems Limited BUY 500000 243.5 121.75 3.01
NSE 13-Jul-07 Zensar Technologies -Depo BUY 169914 344.55 58.54 1.45
NSE 12-Jul-07 Rico Auto Industries SELL 1236593 45.5 56.26 1.39

UBS SECURITIES ASIA

NSE 31-Jul-07 IVRCL Infra & Proj SELL 707200 367.63 259.99 6.44
BSE 12-Jul-07 IOL BROADBAN BUY 200000 577.93 115.59 2.86
NSE 19-Jul-07 Hexaware Technologies Lim BUY 1223647 140 171.31 4.24
BSE 26-Jul-07 INFRA DEVFIN SELL 7401929 133.6 988.90 24.48
BSE 20-Jul-07 GEOMET SOFSO BUY 550000 115.32 63.43 1.57

Confidential – Prepared by B&K Securities Page 16 of 27 17-Aug-07

 Appendix – 1
Indian Bulk Deal Monitor (Sorted by Date)
Deal Deal Value USD
Exchange SCRIP NAME CLIENT NAME Quantity Price**
Date Type* (Rs mn) mn
BSE 2-Jul-07 ASCENT EXIM BDS SHARE BROKERS PVT BUY 29483 5061 149.21 3.69
BSE 2-Jul-07 HIM FUTR COM ABHI AMBI FINANCIAL SERVICES BUY 2E+06 23.95 56.27 1.39
BSE 3-Jul-07 INDUSFILA DECENT FINANCIAL SERVICES PVT BUY 275000 185.45 51.00 1.26
BSE 3-Jul-07 KAMAT HOTE I CLEARWATER CAPITAL PARTNERS INVESTMENTS BUY 514863 145 74.66 1.85
BSE 4-Jul-07 JYOTI STRUCT KANAYO RATANLAL THAKUR SELL 500000 190 95.00 2.35
BSE 4-Jul-07 JYOTI STRUCT TEMPLETON MF . BUY 500000 190 95.00 2.35
BSE 5-Jul-07 PRIME FOCUS MANMOHAN SHETTY SELL 277000 775.03 214.68 5.31
BSE 9-Jul-07 VARUN SHIPNG TRANSPORT INFRASTRUCTURE AND ENERGY SELL 2E+06 61 120.17 2.97
BSE 12-Jul-07 ADVANTA CARLSON FUND EQUITY ASIAN SMALL CAP BUY 200000 990 198.00 4.90
BSE 12-Jul-07 IND INFOLINE DSP MERRILL LYNCH CAPITAL SELL 320658 765.66 245.52 6.08
BSE 13-Jul-07 RPG TRANSM UNION INVESTMENT LUXEMBOURG AC UNIASIA BUY 225000 293.31 65.99 1.63
BSE 17-Jul-07 FORBES GOKA GHEVAR INVESTMENTS AND TRADING BUY 250000 467 116.75 2.89
BSE 19-Jul-07 DEWAN HOU FI GALAXY INFRAPROJECTS AND DEV PVT BUY 1E+06 83.15 99.78 2.47
BSE 20-Jul-07 GEOMET SOFSO MANU PARPIA SELL 481595 115.5 55.62 1.38
BSE 23-Jul-07 GITANJALI GE MORGAN STANLEY AND CO INTL AC MORGAN BUY 500000 250 125.00 3.09
BSE 23-Jul-07 SURYACHAKRA JIGNESHBHAI HIRALAL SHAH BUY 3E+06 22.5 60.00 1.49
BSE 25-Jul-07 MODISON META DSP MERRILL LYNCH MUTUAL FUND BUY 135000 500 67.50 1.67
BSE 26-Jul-07 BOMBAY DYEI RELIANCE MUTUAL FUND BUY 219299 600 131.58 3.26
BSE 26-Jul-07 CHAMPAGN IND COPTHALL MAURITIUS INVESTMENT BUY 150000 625 93.75 2.32
BSE 26-Jul-07 CHAMPAGN IND LA COMPAGNIE FINACIERE ENMOND EDE SELL 150000 625 93.75 2.32
BSE 26-Jul-07 KARUT NET L CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE BUY 330000 210 69.30 1.72
BSE 26-Jul-07 SADBHAV ENGG NOMURA ASSET MANAGEMENT CO BUY 97000 657 63.73 1.58
BSE 26-Jul-07 SURYACHAKRA LEHMAN BROTHERS ASIA SELL 2E+06 22 43.81 1.08
BSE 26-Jul-07 SURYACHAKRA MERRILL LYNCH CAPITAL MARKETS ESPANA BUY 4E+06 22 88.00 2.18
BSE 30-Jul-07 ALOK INDUSTR BARCLAYS CAPITAL MAURITIUS BUY 1E+06 67.86 76.34 1.89
BSE 31-Jul-07 DEWAN HOU FI HEMISPHERE INFRASTRUCTURE INDIA PVT BUY 1E+06 78.43 109.80 2.72

Confidential – Prepared by B&K Securities Page 17 of 27 17-Aug-07

BSE 31-Jul-07 PARRY AGRO I EMERALD ESTATES AND INVESTMENTS PRIVATE SELL 110784 1545 171.16 4.24
BSE 31-Jul-07 PVR GUJARAT FLUOROCHEMICALS BUY 200000 207.8 41.56 1.03
BSE 2-Jul-07 HIM FUTR COM RNA BUILDERS SELL 2E+06 23.95 54.85 1.36
BSE 2-Jul-07 K S OILS M S BSMA BUY 463587 423 196.10 4.85
BSE 3-Jul-07 INDUSFILA RAKHI PROPERTIES AND LEASING P BUY 700000 185.45 129.82 3.21
BSE 3-Jul-07 KARUT NET L BSMA BUY 212000 189.5 40.17 0.99
BSE 3-Jul-07 WELSP GUJ SR CARLSON FUND EQUITY ASIAN SMALL CAP CASC SELL 950000 237.17 225.31 5.58
BSE 4-Jul-07 AREVA LLOYD GEORGE INVESTMENT BUY 265951 1599.6 425.42 10.53
BSE 4-Jul-07 INDUSFILA SHAILESH A. JHAVERI HUF BUY 194000 221.3 42.93 1.06
BSE 6-Jul-07 ANG AUTO FIDELITY INVESTMENT MGMT HK AC FID FUNDS BUY 197074 250 49.27 1.22
BSE 6-Jul-07 ANG AUTO MORGAN STANLEY AND CO INTL AC MORGAN SELL 197881 250.01 49.47 1.22
BSE 6-Jul-07 IL & FS INVE BANK OF INDIA SELL 3E+06 151.6 477.54 11.82
BSE 6-Jul-07 IL & FS INVE INFRASTRUCTURE LEASING AND FINANCIAL BUY 3E+06 151.6 477.54 11.82
BSE 9-Jul-07 RADICO KHAIT KEDAR S. MANKEKAR BUY 541000 177.47 96.01 2.38
BSE 9-Jul-07 TV TODAY KANGAROO INTERNATIONAL SERVICES PVT BUY 476221 139.98 66.66 1.65
BSE 9-Jul-07 VARUN SHIPNG SOCIETE GENERALE BUY 2E+06 61 120.17 2.97
BSE 10-Jul-07 ANKIT METAL CREDIT SUISSE SINGAPORE SELL 2E+06 36.69 62.22 1.54
BSE 10-Jul-07 EASTER SILK SHASHIKANT A PATEL BUY 200000 321.28 64.26 1.59
BSE 10-Jul-07 EURO CERAMIC BSMA BUY 284000 171 48.56 1.20
BSE 10-Jul-07 MACMILAN IND CITIGROUP GLOBAL MARKETS MAURITIUS PVT.. BUY 861695 253 218.01 5.40
BSE 10-Jul-07 MACMILAN IND FID FUNDS MAURITIUS SELL 892729 253.17 226.01 5.59
BSE 11-Jul-07 IND INFOLINE DSP MERRILL LYNCH CAPITAL SELL 287055 735.23 211.05 5.22
BSE 11-Jul-07 JM FINANCIAL CITI GROUP GLOBAL MARKETS MAURITIUS PVT BUY 188266 1044.8 196.69 4.87
BSE 11-Jul-07 JM FINANCIAL TIGER GLOBAL L P SELL 184966 1044.8 193.24 4.78
BSE 11-Jul-07 KARUT NET L MORGAN STANLEY AND CO INTL AC MORGAN BUY 750000 185.47 139.10 3.44
BSE 11-Jul-07 LUPIN CITICORP BANKING CORPORATION AC FDI SELL 438823 705.09 309.41 7.66
BSE 12-Jul-07 ADVANTA EMERGING MARKET MGMT LLC AC EMSAF SELL 200000 990 198.00 4.90
BSE 12-Jul-07 IOL BROADBAN CITIGROUP GLOBAL MARKETS MAURITIUS PVT BUY 150000 567.92 85.19 2.11
BSE 12-Jul-07 IOL BROADBAN UBS SECURITIES ASIA BUY 200000 577.93 115.59 2.86
BSE 12-Jul-07 KIRLOSKAR EL ABN AMRO MUTUAL FUND BUY 350000 148.89 52.11 1.29
BSE 12-Jul-07 MCD HOLDING FID FUND MAURITIUS SELL 549257 212.44 116.68 2.89
BSE 12-Jul-07 MCD HOLDING JPMSL COPTHALL MAURITIUS INV BUY 544766 212.4 115.71 2.86

Confidential – Prepared by B&K Securities Page 18 of 27 17-Aug-07

BSE 12-Jul-07 RUCHI SOYA PACIFIC CORPORATE SERVICES SELL 150600 400.12 60.26 1.49
BSE 13-Jul-07 INFOTECH ENR MORGAN STANLEY AND CO INTL AC MORGAN BUY 493166 394.93 194.77 4.82
BSE 13-Jul-07 KIRLOSKAR EL SUNDARAM BNP PARIBAS MUTUAL FUND BUY 300000 165.86 49.76 1.23
BSE 13-Jul-07 MURUEDM SONATA INVESTMENTS . SELL 470000 128.79 60.53 1.50
BSE 13-Jul-07 PFIZER . FIDELITY TRUSTEE CO PVT FIDELITY EQUITY FUND SELL 157247 803 126.27 3.13
BSE 13-Jul-07 RPG TRANSM ASHOK FINSTOCK BUY 212798 296.59 63.11 1.56
BSE 13-Jul-07 TANEJ AERO A FRANKLIN INDIA FUND SCHEME 11624 BUY 173058 227 39.28 0.97
BSE 13-Jul-07 ZENSAR TECH CITIGROUP GLOBAL MARKETS MAURITIUS PVT. . BUY 600000 340 204.00 5.05
BSE 13-Jul-07 ZENSAR TECH PEDRIANO INVESTMENTS. SELL 695000 340.13 236.39 5.85
BSE 16-Jul-07 AMTEK AUTO L CAPITAL RESEARCH AND MGMT COMP. BUY 2E+06 406.1 931.25 23.05
BSE 16-Jul-07 AMTEK AUTO L OPPENHEIMER FUND INC SELL 2E+06 406.1 931.19 23.05
BSE 16-Jul-07 MASTEK MORGAN STANLEY AND CO INTL AC MORGAN BUY 355000 329.26 116.89 2.89
BSE 17-Jul-07 FORBES GOKA BENHILL FINANCE SELL 124000 467 57.91 1.43
BSE 17-Jul-07 FORBES GOKA HOLBORN FINANCE SELL 124000 467 57.91 1.43
BSE 17-Jul-07 MCD HOLDING CROWN CAPITAL BUY 540942 213.5 115.49 2.86
BSE 17-Jul-07 MCD HOLDING JPMSL A/C COPTHALL MAURITIUS INVESTMENT SELL 544320 213.55 116.24 2.88
BSE 18-Jul-07 GITANJALI GE MORGAN STANLEY AND CO INTL AC BUY 500000 243.5 121.75 3.01
BSE 18-Jul-07 ZEE NEWS HDFC TRUSTEE CO A/C EQUITY FUND BUY 2E+06 57.54 90.91 2.25
BSE 19-Jul-07 DEWAN HOU FI GROUP HOUSING DEVELOPEMENT CORP. PVT. . SELL 1E+06 83.1 99.72 2.47
BSE 19-Jul-07 GITANJALI GE CITIGROUP GLOBAL MARKETS MAURITIUS PVT SELL 753012 260.07 195.84 4.85
BSE 19-Jul-07 GITANJALI GE MORGANSTANLEY AND CO INTL LT AC MS BUY 500000 250 125.00 3.09
BSE 19-Jul-07 SPICE TELE CITIGROUP GLOBAL MARKETS BUY 4E+06 56.84 227.36 5.63
BSE 19-Jul-07 SPICE TELE FIDELITY BUY 1E+07 61.36 813.02 20.12
BSE 19-Jul-07 ZEE ENTER DELGRADA SELL 7E+06 337 ####### 58.39
BSE 20-Jul-07 GEOMET SOFSO UBS SECURITIES ASIA BUY 550000 115.32 63.43 1.57
BSE 20-Jul-07 GREAT OFFSH FIRST CARLYLE VENTURES MAURITIUS BUY 951000 861.7 819.48 20.28
BSE 20-Jul-07 GREAT OFFSH MOTILAL OSWAL SECURITIES SELL 353363 873 308.49 7.64
BSE 23-Jul-07 ANSAL HSG CN ASHITA BHAVIN PAREKH SELL 195000 226.7 44.21 1.09
BSE 23-Jul-07 ENTEGRA DEVKANT SYNTHETICS INDIA PVT. BUY 1E+06 26.39 39.39 0.98
BSE 23-Jul-07 GITANJALI GE GOLDMAN SACHS I MAURITIUS SELL 500000 250.01 125.01 3.09
BSE 23-Jul-07 GREAT OFFSH SUNIDHI SECURITES AND FIN SELL 244000 878.46 214.34 5.31
BSE 23-Jul-07 RAMCO SYSTEM P.R.VENKETRAMARAJA BUY 300000 151 45.30 1.12

Confidential – Prepared by B&K Securities Page 19 of 27 17-Aug-07

BSE 23-Jul-07 RAMCO SYSTEM RAJAPALAYAM MILLS SELL 300000 151 45.30 1.12
BSE 23-Jul-07 SURYACHAKRA HBK EUROPE MANAGEMENT LLP AC TRIP SELL 3E+06 23.01 69.03 1.71
BSE 23-Jul-07 UNITY INFRA BSMA BUY 100000 617 61.70 1.53
BSE 23-Jul-07 UNITY INFRA PEGASUS STOCK AND SHARES PVT SELL 79338 618 49.03 1.21
BSE 24-Jul-07 EASTER SILK GOLDMAN SACHS INVESTMENT MAURITIUS BUY 150000 333 49.95 1.24
BSE 24-Jul-07 KARUT NET L BSMA SELL 190075 218.91 41.61 1.03
BSE 24-Jul-07 PIONER EMBRO KOTAK MAH UK AC MELCHOIR INDIAN OPPN FUND BUY 311000 178.6 55.54 1.37
BSE 24-Jul-07 SHREE ASHTA DYNAMIC STOCK BROKING BI PVT BUY 137598 332.42 45.74 1.13
BSE 25-Jul-07 FACT ENTERP MERRILL LYNCH CAPITAL MARKETS ESPANA BUY 316006 158.45 50.07 1.24
BSE 25-Jul-07 FEDDERS LLYO OCENIC MARKETING IND SELL 345000 146.96 50.70 1.25
BSE 25-Jul-07 LLOYD ELE EN SHANTI FINANCIAL SERVICES PVT. . SELL 426400 197.01 84.01 2.08
BSE 25-Jul-07 SURYACHAKRA ABN AMRO BANK NV LONDON BRANCH SELL 2E+06 22 44.00 1.09
BSE 25-Jul-07 USHA MARTIN LEGG MASON INTERNATIONAL EQUITIES BUY 231465 284.56 65.87 1.63
BSE 26-Jul-07 BALLARPUR IN FIDELITY FUNDS EMERGING SELL 3E+06 125 362.62 8.98
BSE 26-Jul-07 BALLARPUR IN JPMSL AC COPTHALL MAURITIUS INV BUY 2E+06 125 301.25 7.46
BSE 26-Jul-07 BOMBAY DYEI MORGAN STANLEY AND CO INTL AC MORGAN SELL 225557 600.04 135.34 3.35
BSE 26-Jul-07 CESC GOLDMAN SACHS INVESTMENT MAURITIUS BUY 616148 490 301.91 7.47
BSE 26-Jul-07 GENUS OVER E PRISM IMPEX PVT BUY 183769 379.35 69.71 1.73
BSE 26-Jul-07 INFRA DEVFIN MORGAN STANLEY AND CO INTL AC MORGAN BUY 7E+06 133.6 988.90 24.48
BSE 26-Jul-07 INFRA DEVFIN UBS SECURITIES ASIA SELL 7E+06 133.6 988.90 24.48
BSE 26-Jul-07 KARUT NET L BSMA SELL 391000 210.58 82.34 2.04
BSE 26-Jul-07 MANG CHE FER MERRILL LYNCH CAPITAL MARKETS ESPANA S A SV BUY 2E+06 23.66 58.67 1.45
BSE 26-Jul-07 SADBHAV ENGG DEUTSCHE SECURITIES MAURITIUS SELL 97000 657 63.73 1.58
BSE 26-Jul-07 SURYACHAKRA ABN AMRO BANK NV LONDON BRANCH SELL 2E+06 22 43.62 1.08
BSE 27-Jul-07 CORE PROJECT CHANDRA FIN. SERV. PVT. BUY 325000 150.05 48.77 1.21
BSE 27-Jul-07 GITANJALI GE CITIGROUP GLOBAL MARKETS MAURITIUS PVT BUY 500000 243.99 122.00 3.02
BSE 27-Jul-07 GITANJALI GE KISHOR VASANTRAI GANDHI SELL 300000 255.4 76.62 1.90
BSE 27-Jul-07 XL TEL ENE DINESH KUMAR SELL 320000 133 42.56 1.05
BSE 30-Jul-07 SSI. ABN AMRO BANK NV LONDON SELL 510000 189.76 96.78 2.40
BSE 31-Jul-07 DEWAN HOU FI SUNSHINE COMMUNICATION P SELL 1E+06 78.2 109.48 2.71
BSE 31-Jul-07 EMCO FRANKLIN TEMPLETON MUTUAL FUND FRANKLIN BUY 114325 910 104.04 2.58
BSE 31-Jul-07 EMCO THE INDIA FUND INC SELL 114462 910 104.16 2.58

Confidential – Prepared by B&K Securities Page 20 of 27 17-Aug-07

BSE 31-Jul-07 MCD HOLDING CAPITAL INTERNATIONAL SELL 293704 233 68.43 1.69
BSE 31-Jul-07 MILKFOOD BNP PARIBAS SOUTH ASIA INV CO BUY 147000 370 54.39 1.35
BSE 31-Jul-07 PARRY AGRO I KOTAK SECURITIES BUY 125394 1544.9 193.72 4.80
BSE 19-Jul-07 SUJANA METAL MORGANSTANLEY CO INTL LT AC MORGANSTANLEY SELL 1E+06 35 43.90 1.09
BSE 2-Jul-07 IID FORGINGS MC INTERNATIONAL P SELL 142000 772.27 109.66 2.71
BSE 2-Jul-07 IID FORGINGS MERRILL LYNCH CAPITAL MARKETS ESPANA BUY 90374 769.2 69.52 1.72
BSE 10-Jul-07 OM MET INFRA GMO EMERGING MARKETS FUND SELL 810173 57 46.18 1.14
BSE 10-Jul-07 OM MET INFRA GOLDMAN SACHS INVESTMENTS MAURITIUS I AC BUY 910600 57 51.90 1.28
BSE 16-Jul-07 SUJANA METAL GOLDMAN SACHS MAURITIUS 1 SELL 2E+06 28.66 54.45 1.35
BSE 19-Jul-07 KARUT NET L REHA HOLDINGS PVT SELL 500000 227.5 113.75 2.82
BSE 19-Jul-07 KARUT NET L RHEA HOLDINGS PVT SELL 400000 227.5 91.00 2.25
BSE 19-Jul-07 SUJANA METAL MORGANSTANLEY AND CO INTL AC SELL 1E+06 35.01 47.11 1.17
BSE 25-Jul-07 LLOYD ELE EN FIDELITY INVESTMENT TRUST FIDELITY EMERGING BUY 271300 197.02 53.45 1.32
BSE 19-Jul-07 GITANJALI GE GOLDMAN SACHS AND COMPANY BUY 500000 261 130.50 3.23
BSE 19-Jul-07 ICRA JMP SECURITIES PVT. . BUY 57770 1123.4 64.90 1.61
BSE 3-Jul-07 KAMAT HOTE I KOTAK PMS SELL 516293 145 74.86 1.85
BSE 3-Jul-07 MIC ELECT KOTAK PMS BUY 130243 393.59 51.26 1.27
BSE 5-Jul-07 VISHAL RETAI JMP SECURITIES PVT. . SELL 124194 727.35 90.33 2.24
BSE 10-Jul-07 ICRA JMP SECURITIES PVT. . BUY 52148 1003.8 52.35 1.30
BSE 19-Jul-07 SUJANA METAL GOLDMAN SACHS AND COMPANY BUY 3E+06 34.99 116.87 2.89
BSE 20-Jul-07 LOK HOUSI CO LATA DEVI BAJORIA BUY 388348 160.6 62.37 1.54
BSE 23-Jul-07 ANSAL HSG CN POOJA MUKUND JALAN BUY 195000 226.7 44.21 1.09
BSE 24-Jul-07 CORE PROJECT CHANDRA FIN. SERV. PVT. BUY 345828 144.86 50.10 1.24
BSE 24-Jul-07 SHREE ASHTA DYNAMIC STOCK BROKING I PVT SELL 138598 333.17 46.18 1.14
BSE 31-Jul-07 MCD HOLDING JPMSL AC COPTHALL MAURITIUS INV BUY 270000 233 62.91 1.56
BSE 31-Jul-07 MILKFOOD JPMSL AC COPTHALL MAURITIUS INV SELL 147000 370 54.39 1.35
BSE 25-Jul-07 FEDDERS LLYO GOLDMAN SACHS INVESTMENTS MAURUTIUS BUY 500000 147 73.50 1.82
BSE 25-Jul-07 LLOYD ELE EN GOLDMAN SACHS INVESTMENT MAURITIUS BUY 500000 197 98.50 2.44
INDIABULLS REAL
NSE 4-Jul-07 J P M S L A/C COPTHALL MAURITIUS INVESTMENT BUY 1E+06 444.28 539.36 13.35
EST
BHARAT EARTH
NSE 4-Jul-07 CARLSON FD EQ L- ASIAA BUY 254000 1234.2 313.48 7.76
MOVER
NSE 4-Jul-07 VISHAL RETAIL HDFC MUTUAL FUND A/C HDFC TAX SAVER FUND BUY 205000 766.66 157.17 3.89

Confidential – Prepared by B&K Securities Page 21 of 27 17-Aug-07

 SREI
NSE 4-Jul-07 BLACKSTONE INDIA FUND INC BUY 661700 97.55 64.55 1.60
INFRASTRUCTURE
NSE 4-Jul-07 INDUS FILA TULIP APPAREALS PVT SELL 292099 200.01 58.42 1.45
AHMEDNAGAR
NSE 6-Jul-07 CITI GROUP GLOBAL MARKETS MAURITIUS PVT BUY 500000 245 122.50 3.03
FORG
NSE 9-Jul-07 GTL CITIGROUP GLOBAL MARKETS MAURITIUS BUY 497700 229.8 114.37 2.83
NSE 9-Jul-07 GITANJALI GEMS BSMA BUY 425000 208.01 88.40 2.19
NSE 11-Jul-07 AHMEDNAGAR FOR CITIGROUP GLOBAL MARKET MAURITIUS PVT BUY 187962 245 46.05 1.14
AHMEDNAGAR
NSE 11-Jul-07 DEUTSCHE SECURITIES MAURITIUS SELL 186000 245 45.57 1.13
FORG
NSE 12-Jul-07 INDIA INFOLINE DSP MERRILL LYNCH CAPITAL SELL 359196 766.06 275.17 6.81
SREI
NSE 13-Jul-07 ARSAIG PARTNERS(ASIA) PTE A/C ARISAIG INDIA BUY 3E+06 95.78 274.00 6.78
INFRASTRUCTURE
NSE 13-Jul-07 VISHAL RETAIL MERRILL LYNCH INVST MANAGERS A/C MERRILL BUY 119500 785.91 93.92 2.32
NSE 13-Jul-07 ZENSAR TECHN MORGAN STANLEY & CO INTERNATIONAL BUY 259000 340 88.06 2.18
FCI OEN
NSE 13-Jul-07 ULTRA INDIA (MAURITIUS) INDIA BUY 77260 677.56 52.35 1.30
CONNECTO
NSE 18-Jul-07 GITANJALI GEMS MORGAN STANLEY DEAN WITTER MAURITIUS CO. BUY 500000 243.5 121.75 3.01
NSE 18-Jul-07 ZEE NEWS HDFC TRUSTEE CO. BUY 2E+06 57.25 109.92 2.72
WIRE AND
NSE 19-Jul-07 MERRILL LYNCH CAPITAL MARKETS ESPANA BUY 5E+06 67.54 327.57 8.11
WIRELESS
NSE 19-Jul-07 GITANJALI GEMS MORGAN STANLEY DEAN WITTER MAURITIUS CO. BUY 500000 250 125.00 3.09
NSE 19-Jul-07 ADLABS FILMS DWS INVESTMENT S.A. A/C DB FUND (MAURITIUS) SELL 200000 539.07 107.81 2.67
NSE 20-Jul-07 GREAT OFFSHORE FIRST CARLYLE VENTURES MAURITIUS BUY 951000 861.33 819.12 20.28
OIL COUNTRY
NSE 20-Jul-07 ICICI SECURITIES PRIMARY DEALERSHIP BUY 7E+06 73.7 486.35 12.04
TUBULAR
DONEAR
NSE 20-Jul-07 CREDIT SUISSE (SINGAPORE) BUY 300000 205 61.50 1.52
INDUSTRIES
JK LAKSHMI
NSE 20-Jul-07 CITIGROUP GLOBAL MARKETS MAURITIUS PVT. . BUY 301000 146.77 44.18 1.09
CEMENT
NSE 23-Jul-07 UNITED SPIRITS VONTOBEL FUNDS INC A/C VONTOBEL FUND BUY 725515 1429.6 ####### 25.67
NSE 23-Jul-07 GITANJALI GEMS MORGAN STANLEY DEAN WITTER MAURITIUS CO. BUY 500000 250 125.00 3.09
NSE 23-Jul-07 RAMCO SYSTEMS P. R. VENKETRAMARAJA BUY 342918 151.01 51.78 1.28
ORIENT PAPER &
NSE 23-Jul-07 CITI GROUP GLOBAL MARKETS MAURITIUS PVT BUY 99521 470 46.77 1.16
IND
NSE 23-Jul-07 MAN INDUSTRIES ABN AMRO BANK NV LONDON BRANCH BUY 136065 283 38.51 0.95

Confidential – Prepared by B&K Securities Page 22 of 27 17-Aug-07

 QUINTEGRA
NSE 24-Jul-07 ROSE BURG INC SELL 935000 99.78 93.29 2.31
SOLUTIONS
DONEAR
NSE 24-Jul-07 MAVI INVESTMENT FUND BUY 260000 205 53.30 1.32
INDUSTRIES
NSE 25-Jul-07 FEDDERS LLOYDS CITIGROUP GLOBAL MARKETS MAURITIUS PVT. . BUY 500000 147 73.50 1.82
BIRLA JUTE &
NSE 26-Jul-07 CITIGROUP GLOBAL MARKETS MAURITIUS PVT. . BUY 390000 271.18 105.76 2.62
INDUST
NSE 30-Jul-07 INFO EDGE (INDIA) PASS PORT INDIA INVESTMENT BUY 138462 821.96 113.81 2.82
MCDOWELL
NSE 30-Jul-07 CAPITAL INTERNATIONAL SELL 373372 233 87.00 2.15
HOLDINGS
IVRCL INFRA &
NSE 31-Jul-07 MIRAE ASSET MANAGEMENT CO BUY 744024 373.71 278.05 6.88
PROJ
THE
NSE 31-Jul-07 RAJA MOHAN RAO P SELL 2E+06 73 109.50 2.71
DHANALAKSHMI
NAGARJUNA
NSE 3-Jul-07 MERRILL LYNCH CAPITAL MARKETS ESPANA BUY 1E+06 196.24 249.25 6.17
CONSTR
WELSPUN
NSE 3-Jul-07 CARLSON FUND EQUITY ASIAN SMALL CAP (CASC) SELL 1E+06 237.09 248.94 6.16
GUJARAT
EDUCOMP
NSE 3-Jul-07 DEUTSCHE SECURITIES MAURITIUS SELL 96000 2264.2 217.37 5.38
SOLUTIONS
NSE 3-Jul-07 MIC ELECTRONICS KOTAK PMS BUY 238322 394.82 94.09 2.33
HIMACHAL FUT
NSE 3-Jul-07 STERLING INFOTECH BUY 3E+06 25.78 80.46 1.99
COMM
NSE 4-Jul-07 DABUR PHARMA PURAN ASSOCIATES (P) BUY 5E+06 76 380.00 9.41
NSE 4-Jul-07 DABUR PHARMA RATNA COMMERCIAL ENTERPRISES(P) SELL 5E+06 76 380.00 9.41
NSE 4-Jul-07 SRF . CITIGROUP GLOBAL MARKETS MAURITIUS PVT BUY 340000 175.98 59.83 1.48
PRITHVI
NSE 4-Jul-07 GOLDMAN SACHS INVESTMENT MAURITIUS 1 BUY 129247 348.79 45.08 1.12
INFORMATION
NSE 4-Jul-07 INDUS FILA SHAILESH A. JHAVERI HUF BUY 199000 220.49 43.88 1.09
NSE 5-Jul-07 MICRO INKS HDFC MUTUAL FUND A/C HDFC TOP 200 BUY 143600 452.42 64.97 1.61
NSE 6-Jul-07 BALAJI TELEFILMS MERRILL LYNCH CAPITAL MARKETS ESPANA SELL 1E+06 230.31 336.10 8.32
NSE 6-Jul-07 BALAJI TELEFILMS PRINCIPAL TRUSTEE COMPANY PVT BUY 1E+06 230 230.00 5.69
NSE 6-Jul-07 ICRA BIRLA SUN LIFE TRUSTEE COMPANY PRIVATE BUY 160000 937.85 150.06 3.71
NSE 6-Jul-07 AHMEDNAGAR NEW VERNON PRIVATE EQUITY SELL 500000 245 122.50 3.03
DIVI'S
NSE 9-Jul-07 OPPENHEIMER FUNDS INC. AC OPPENHEIMER BUY 120000 6436.3 772.36 19.12
LABORATORIES
ESS DEE
NSE 9-Jul-07 GOLDMAN SACHS INVESTMENTS MAURITIUS I BUY 158128 494.32 78.17 1.93
ALUMINIUM

Confidential – Prepared by B&K Securities Page 23 of 27 17-Aug-07

 ESS DEE
NSE 9-Jul-07 MARC FABER (INDIA CAPITAL FUND .) SELL 155028 496.85 77.03 1.91
ALUMINIUM
NSE 9-Jul-07 TV TODAY KANGAROO INTERNATIONAL SERVICES PRIVATE BUY 309892 139.97 43.38 1.07
HEXAWARE
NSE 10-Jul-07 DALI BUY 4E+06 165 602.25 14.91
TECHNO
NSE 10-Jul-07 HEXAWARE TECHN MACQUARIE BANK SELL 4E+06 165 602.25 14.91
NSE 10-Jul-07 ARVIND MILLS SARAVANA STOCKS PRIVATE BUY 1E+06 50.06 63.22 1.56
NSE 10-Jul-07 EURO CERAMICS BSMA BUY 316000 171.7 54.26 1.34
NSE 11-Jul-07 INDIA INFOLINE DSP MERRILL LYNCH CAPITAL SELL 509801 734.89 374.65 9.27
NSE 12-Jul-07 RICO AUTO INDU PRUDENTIAL ICICI AMC A/C EMERGING STAR FUND BUY 3E+06 45.49 136.47 3.38
NSE 12-Jul-07 RUCHI SOYA INDS PACIFIC CORPORATE SERVICES SELL 176000 400.13 70.42 1.74
NSE 13-Jul-07 ZENSAR TECHNOL PEDRIANO INVESTMENTS SELL 1E+06 340.1 358.81 8.88
NSE 13-Jul-07 ZENSAR TECHNO MERRIL LYNCH CAPIATL MARKETS ESPANA S A BUY 466000 340 158.44 3.92
BALRAMPUR CHINI FIDELITY MANAGEMENT AND RESEARCH COMPANY
NSE 13-Jul-07 BUY 2E+06 75.81 128.88 3.19
MILLS A/C FIDELITY INVEST
NSE 13-Jul-07 NITCO TILES HSBC FINANCIAL SERVICES(MIDDLE EAST) BUY 325000 229.99 74.75 1.85
NSE 13-Jul-07 MURUDESHWAR SONATA INVESTMENTS SELL 543387 129.62 70.43 1.74
NSE 13-Jul-07 GOLDSTONE TECH STANDARD CHARTERED MUTUAL FUND BUY 433500 115.35 50.00 1.24
RPG
NSE 13-Jul-07 UNION INVESTMENT LUXEMBOURG S.A. BUY 160921 291.06 46.84 1.16
TRANSMISSION
NSE 16-Jul-07 MASTEK MORGAN STANLEY DEAN WITTER MAURITIUS CO. BUY 520000 329.02 171.09 4.23
NSE 16-Jul-07 NITCO TILES HSBC FINANCIAL SERVICES(MIDDLE EAST) BUY 215000 235 50.53 1.25
SOLECTRON
NSE 17-Jul-07 FIDELITY INVESTMENT TRUST FIDELITY EMERG SELL 1E+06 265.03 304.00 7.52
CENTUM
SOLECTRON
NSE 17-Jul-07 PRUDENTIAL ICICI TRUST . A/C PRUDENTIAL BUY 1E+06 265 265.00 6.56
CENTUM
NSE 17-Jul-07 NITCO TILES HSBC FINANCIAL SERVICES(MIDDLE EAST) BUY 400000 235 94.00 2.33
NSE 17-Jul-07 NITCO TILES SEA GLIMPSE INVESTMENTS PVT. . SELL 400000 235 94.00 2.33
NSE 18-Jul-07 EID PARRY GOLDMAN SACHS INVESTMENT (MAURITIUS) BUY 881000 134.99 118.93 2.94
WIRE AND
NSE 19-Jul-07 FIDELITY INVESTMENT TRUST FIDELITY EMERG SELL 5E+06 67.4 304.87 7.55
WIRELESS
NSE 19-Jul-07 GITANJALI GEMS CITIGROUP GLOBAL MKTS MAURITIUS SELL 760000 260.17 197.73 4.89
HEXAWARE
NSE 19-Jul-07 UBS SECURITIES ASIA A/C SWISS FINANCE BUY 1E+06 140 171.31 4.24
TECHNOL
NSE 19-Jul-07 MAHINDRA GESCO BSMA BUY 246000 570.72 140.40 3.48

Confidential – Prepared by B&K Securities Page 24 of 27 17-Aug-07

NSE 19-Jul-07 GITANJALI GEMS GOLDMAN SACHS INVESTMENT MAURITIUS 1 BUY 500000 261 130.50 3.23
OIL COUNTRY
NSE 20-Jul-07 UNITED STEEL ALLIED INDUSTRIES PRIVATE SELL 7E+06 73.7 486.35 12.04
TUBULAR
NSE 20-Jul-07 GREAT OFFSHORE MOTILAL OSWAL SECURITIES SELL 340996 873 297.69 7.37
NSE 23-Jul-07 GITANJALI GEMS GOLDMAN SACHS INVESTMENTS MAURITIUS I SELL 436000 250.01 109.00 2.70
NSE 23-Jul-07 RAMCO SYSTEMS RAJAPALAYAM MILLS . SELL 348815 151.01 52.67 1.30
NSE 24-Jul-07 DENA BANK ABN AMRO INVESTMNT FUND S.A.A/C ABN AMRO BUY 2E+06 57.71 106.76 2.64
NSE 25-Jul-07 ICRA RELIANCE CAPITAL TRUSTEE CO BUY 56000 1030 57.68 1.43
NSE 25-Jul-07 FEDDERS LLOYDS DREAMLAND BUILDTECH PRIVATE SELL 350000 146.83 51.39 1.27
NSE 26-Jul-07 IFCI GOLDMAN SACHS INVESTMENT (MAURITIUS BUY 8E+06 57.07 450.85 11.16
NSE 26-Jul-07 INDIA CEMENTS LEHMAN BROTHERS ASIA A/C LB INDIA HOLDINGS BUY 1E+06 207.01 273.99 6.78
NSE 26-Jul-07 IFCI SARAVANA SECURITIES D.SATHYAMOORTHI SELL 3E+06 56.38 192.51 4.77
NSE 26-Jul-07 AKRUTI NIRMAN RNA BUILDERS (N.G) BUY 350000 547.65 191.68 4.74
GENUS OVERSEAS
NSE 26-Jul-07 PRISM IMPEX PVT BUY 161231 374.49 60.38 1.49
ELE
GENUS OVERSEAS
NSE 26-Jul-07 MELCHIOR INDIAN OPPORTUNITIES FUND SELL 142500 365.48 52.08 1.29
ELE
NSE 27-Jul-07 CESC DEUTSCHE SECURITIES MAURITIUS BUY 500000 489.99 245.00 6.06
NSE 27-Jul-07 JK TYRE & INDU HDFC MUTUAL FUND SELL 665000 142 94.43 2.34
TELEDATA
NSE 27-Jul-07 SUDHIRKUMAR SANTKUMAR JHUNJHUN SELL 920000 62.47 57.47 1.42
INFORMATIC
IPCA
NSE 30-Jul-07 CHANDURKAR INVESTMENTS PVT SELL 2E+06 700 ####### 27.28
LABORATORIES
IPCA
NSE 30-Jul-07 AIG GLOBAL INVESTMENT GROUP MUTUAL FUND BUY 500000 700 350.00 8.66
LABORATORIES
IPCA
NSE 30-Jul-07 MIRAE ASSET INDIA SOLOMON EQUITY INVEST BUY 317290 700 222.10 5.50
LABORATORIES
IPCA
NSE 30-Jul-07 SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT BUY 300000 700 210.00 5.20
LABORATORIES
NSE 30-Jul-07 ALPS INDUSTRIES CLEARWATER CAPITAL PARTNERS INVESTMENTS . BUY 2E+06 42.7 100.11 2.48
NIIT
NSE 30-Jul-07 MERRILL LYNCH INVESTMENT MANAGERS L.P. A/C SELL 198932 472.05 93.91 2.32
TECHNOLOGIES
NSE 30-Jul-07 BHARAT BIJLEE TATA TRUSTEE CO P A/C TMF-TATA OFFSHORE SELL 37980 2450.6 93.07 2.30
MCDOWELL
NSE 30-Jul-07 CLSA MERCHANT BANKERS A/C CLSA (MAURITIUS) BUY 371500 233 86.56 2.14
HOLDINGS
NSE 30-Jul-07 ALPS INDUSTRIES MORGAN STANLEY & CO INTERNATIONAL A/C SELL 1E+06 42.7 56.14 1.39

Confidential – Prepared by B&K Securities Page 25 of 27 17-Aug-07

NSE 30-Jul-07 ALPS INDUSTRIES LEHMAN BROTHERS ASIA LB HOLDINGS CAYMAN II SELL 1E+06 42.7 44.07 1.09
IVRCL INFRA &
NSE 31-Jul-07 UBS AG SWISS FINANCE CORPORATION SELL 707200 367.63 259.99 6.44
PROJ
DHANALAKSHMI
NSE 31-Jul-07 MAVI INVESTMENT FUND (MM WARBURG BUY 2E+06 73 109.50 2.71
BANK
NSE 31-Jul-07 ALOK INDUSTRIES SOCIETE GENERALE SELL 1E+06 68.5 75.35 1.87
NSE 12-Jul-07 RICO AUTO INDU MORGAN STANLEY INDIA INVESTMENT FUND SELL 1E+06 45.5 56.26 1.39
SREI
NSE 13-Jul-07 CITIGROUP GLOBAL MARKETS MAURITIUS PVT SELL 2E+06 95.75 186.71 4.62
INFRASTRUCTURE
NSE 4-Jul-07 VISHAL RETAIL BNP PARIBAS ARBITRAGE SNC BUY 210000 745.7 156.60 3.88
NSE 6-Jul-07 VISHAL RETAIL NOMURA FUNDS IRELAND PUBLIC CO. NFI-INDIA BUY 250000 715.65 178.91 4.43
NSE 12-Jul-07 RICO AUTO IND MORGAN STANLEY M.F. A/C. M.S.GROWTH FUND SELL 977200 45.5 44.46 1.10
SREI
NSE 13-Jul-07 DEUTSCHE SECURITIES MAURITIUS SELL 927000 96 88.99 2.20
INFRASTRUCTURE
NSE 26-Jul-07 IFCI . ABN AMRO BANK NV LONDON BR BUY 7E+06 55.86 373.49 9.24
NSE 27-Jul-07 JK TYRE & INDUS UTI MF MV UP - UT106 BUY 360228 142.18 51.22 1.27
ORCHID
NSE 3-Jul-07 ABN AMRO BANK N.V. LONDON BRANCH SELL 450000 252.05 113.42 2.81
CHEMICALS
INFOTECH
NSE 13-Jul-07 MORGAN STANLEY DEAN WITTER MAURITIUS CO. BUY 368403 394.81 145.45 3.60
ENTERPRISES
ZENSAR
NSE 13-Jul-07 MORGAN STANLEY DEAN WITTER MAURITIUS CO. BUY 169914 344.55 58.54 1.45
TECHNOLOGI
NSE 30-Jul-07 INFO EDGE (INDIA) MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SELL 294217 822.27 241.93 5.99
SREI
NSE 3-Jul-07 ABN AMRO BANK N.V. LONDON BRANCH SELL 1E+06 96.39 106.03 2.62
INFRASTRUCTURE
NSE 5-Jul-07 INDIABULLS REAL J P M S L A/C COPTHALL MAURITIUS INVESTMENT BUY 1E+06 442.11 566.79 14.03
QUINTEGRA
NSE 24-Jul-07 NIDHI HARSHVARDHAN BHUWALKA BUY 435000 99.86 43.44 1.08
SOLUTIONS
NSE 3-Jul-07 GEOJIT FINANCIAL FRANKLIN TEMPLETON MUTUAL FUND A/C HIGH BUY 3E+06 40 120.00 2.97
NSE 3-Jul-07 GEOJIT FINANCIAL GEORGE SHINY J SELL 3E+06 40 120.00 2.97

Source: BSE, NSE

Notes: We have subjectively omitted bulk deals under the $1 Mn threshold. Where it seems possible that any deal was an arbitrage deal settled
during the day, we have omitted the same.
Further we have omitted transactions by Individuals (in order to present the Institutional Trades

Confidential – Prepared by B&K Securities Page 26 of 27 17-Aug-07

We hope you find the above analysis of interest. We welcome your feedback and critique of the same. Please do let us know if
we can be of any further assistance

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bkquant.research@bksec.com
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Confidential – Prepared by B&K Securities Page 27 of 27 17-Aug-07