Biggest falls in stock market history...

hello friends,

after a long time i am back. today while i was reading news paper i found this, thought it is good to share with you all. I am sure it will give you some info about the stock market crashes. so here we go..............

The rise and fall of the Sensex has been dizzying. The markets are back to the point it scaled three years ago. . . The BSE Sensex on Friday crashed by 1,071 points to close at 8,701 points. This has been an incredible year for the markets, after scaling the 21,000 peak in January 2008, the markets are at 8,000 now.

On Friday, the Reserve Bank of India gave the markets its biggest blow as it left key interest rates unchanged and lowered the GDP target to 7.5-8% for 2008-09.

Along with Indian market, markets across the globe crashed on Friday. Japan's Nikkei shed 9.6% (812 points) to 7,649. Hang Seng plunged 6% (822 points) to 12,939. The Seoul Composite index tumbled 10.5% (111 points) to 939.

On Thursday, stock markets plunged following sustained capital outflows, shaky global markets, poor company results, and the International Monetary Fund's warning that economic growth in advanced nations will be close to zero. The BSE Sensex fell by 398.20 points, or 3.92%, to fall to 9,771.70.

We take you through the BIGGEST falls in the Indian stock market history.

October 24, 2008: The Sensex plunged by 1070.63 points (10.96 per cent) to close at 8,701.07. The National Stock Exchange's Nifty ended at 2,557.25, down 13.11 per cent or 386 points. The BSE Midcap closed 8.38 per cent lower and BSE Smallcap Index ended 7.66 per cent down.

March 17, 2008: The Bombay Stock Exchange benchmark Sensex crashed by 951 points to close at 14,809 on weak cues from the overseas markets. Unabated selling saw the index slip below the 15,000-mark.

March 3, 2008: The Bombay Stock Exchange benchmark Sensex witnessed its second-largest fall ever losing 900.84 points to close at 16,677.88 on frantic selling by funds, triggered by deepening concern over United States recession and some Budget-related concerns.

January 21, 2008: The Sensex saw its highest ever loss of 1,408 points at the end of the session on Monday. The Sensex recovered to close at 17,605.40 after it tumbled to the day's low of 16,963.96, on high volatility as investors panicked following weak global cues amid fears of the US recession.

January 22, 2008: The Sensex saw its biggest intra-day fall on Tuesday when it hit a low of 15,332, down 2,273 points. However, it recovered losses and closed at a loss of 875 points at 16,730. The Nifty closed at 4,899 at a loss of 310 points. Trading was suspended for one hour at the Bombay Stock Exchange after the benchmark Sensex crashed to a low of 15,576.30 within minutes of opening, crossing the circuit limit of 10 per cent.

February 11, 2008: The Sensex finally ended with a loss of 834 points (4.8% ) at 16,631. The NSE Nifty slipped over 5% (263 points) to 4,857.

May 18, 2006: The Sensex registered a fall of 826 points (6.76 per cent) to close at 11,391, following heavy selling by FIIs, retail investors and a weakness in global markets. The Nifty crashed by 496.50 points (8.70%) points to close at 5,208.80 points.

December 17, 2007: A heavy bout of selling in the late noon deals saw the index plunge to a low of 19,177 - down 856 points from the day's open. The Sensex finally ended with a huge loss of 769 points (3.8%) at 19,261. The NSE Nifty ended at 5,777, down 271 points.

10 October 2008: The markets crashed by 801 points to close at a low of 10,528. The crisis in the global markets, a fall in the rupee and poor IIP numbers led to the fall.

October 18, 2007: Profit-taking in noon trades saw the index pare gains and slip into negative zone. The intensity of selling increased towards the closing bell, and the index tumbled all the way to a low of 17,771 - down 1,428 points from the day's high. The Sensex finally ended with a hefty loss of 717 points (3.8%) at 17,998. The Nifty lost 208 points to close at 5,351.

January 18, 2008: Unabated selling in the last one hour of trade saw the index tumble to a low of 18,930 - down 786 points from the day's high. The Sensex finally ended with a hefty loss of 687 points (3.5%) at 19,014. The index thus shed 8.7% (1,813 points) during the week. The NSE Nifty plunged 3.5% (208 points) to 5,705.

November 21, 2007: Mirroring weakness in other Asian markets, the Sensex saw relentless selling. The index tumbled to a low of 18,515 - down 766 points from the previous close. The Sensex finally ended with a loss of 678 points at 18,603. The Nifty lost 220 points to close at 5,561.

August 16, 2007: The Sensex, after languishing over 500 points lower for most of the trading sesion, slipped again towards the close to a low of 14,345. The index finally ended with a hefty loss of 643 points at 14,358.

April 2, 2007: The Sensex opened with a huge negative gap of 260 points at 12,812 following the Reserve Bank of India decision to hike the cash reserve ratio and repo rate. Unabated selling, mainly in auto and banking stocks, saw the index drift to lower levels as the day progressed. The index tumbled to a low of 12,426 before finally settling with a hefty loss of 617 points (4.7%) at 12,455.

August 1, 2007: The Sensex opened with a negative gap of 207 points at 15,344 amid weak trends in the global market and slipped deeper into the red. Unabated selling across-the-board saw the index tumble to a low of 14,911. The Sensex finally ended with a hefty loss of 615 points at 14,936. The NSE Nifty ended at 4,346, down 183 points. This is the third biggest loss in absolute terms for the index.

I hope you find it useful............

keep reading.

SUMIT

Taxation - Useful and Important Definitions

Assessee

Income Tax Act 1961 (Act no. 43) defines 'assessee' as a person by whom any tax or any other sum of money is payable under this Act, and includes -

* Every person in respect of whom any proceeding under this Act has been taken for the assessment of his income or of the income of any other person in respect of which he is assessable, or of the loss sustained by him or by such other person, or the amount of refund due to him or to such other person;
* Every person who is deemed to be an assessee under any provision of this Act;
* Every person who is deemed to be an assessee in default under any provision of this Act;

Assessment year

Assessment year means the period of twelve months commencing on 1st April every year and ending on 31st March of the next year. Income of previous year of an assessee is taxed during the following assessment year at the rates prescribed by the relevant Finance Act.

Company

Section 2(17) of the act defines company. The term company includes:

1. any Indian company
2. any corporate incorporated by or under the laws of country outside India
3. any institution, association or body which is or was assessable or was assessed as a company for any assessment year under the 1922 Act or under the 1961 act any institution, association or body, whether incorporated or not and whether Indian or non Indian, which is declared by general or special order of the board to be a company only for such assessment year or assessment years

Convertible Foreign exchange

This mean foreign exchange which is for the time being treated by the Reserve Bank of India as convertible foreign exchange for the purposes of the Foreign Exchange Regulation Act, 1973 and any rules made there under.

Foreign Exchange Asset

This mean any specified asset which the assessee has acquired, purchased with or subscribed to, in convertible foreign exchange.

Gross Total Incom

Under the scheme of computation of total income under the Income Tax Act, the income falling under each head is to be computed as per the relevant provisions of the Act relating to computation of income under that head. The aggregate of income under each head is known as 'Gross Total Income'

Income

There is no specific definition of income but for statutory purposes there are certain items which are listed under the head income. These items include those heads also which normally will not be termed as income but for taxation we consider them as income. These items are included under section 2(24) of the income tax act, 1961. As per the definition in section 2(24), the term income means and includes:

* profits and gains
* dividends
* voluntary contributions received by a trust created wholly or partly for charitable or religious purposes or by an institution established wholly or partly for such purposes
* the value of any perquisite or profit in lieu of salary taxable under clause (2) and (3) of section 17 of the act
* any special allowance or benefit, other than those included above
* any allowance granted to the assessee either to meet his personal expenses at the place where the duties of his office or employment of profits are ordinarily performed by him or at a place where he ordinarily resides or to compensate him for the increased cost of living
* capital gains
* any sum chargeable to income tax under section 28 of the income tax act
* any winnings from lotteries, crossword puzzles, races, including horse races, card games and games of any sort or from gambling or betting of any form or nature whatsoever
* any received as contribution to the assessee's provident fund or superannuation fund or any fund for the welfare of employees or any other fund set up under the provisions of the emplyees state insurance act
* profits on sale of a licence granted under the imports (control) order, 1955 made under the imports and exports (control) act, 1947

Indian company

Indian company means a company formed and registered under the companies act, 1956. Any company formed and registered under any law relating to companies formerly in force in any part of India, other than Jammu and Kashmir and the union territories as specified or a corporation established by or under a central, state or provincial act or any institution, association or a body which is declared by the board to be company under section 2 (17) are referred as Indian company. In the case of state of Jammu and Kashmir, a company formed and registered under any law for the time being in force in the state. Similarly in case of union territories.

Investment Income

This mean any income other than dividends derived from a foreign exchange asset.

Long term Capital Gains

This mean income chargeable under the head "capital gains relating to a capiatl asset being a foreign exchange asset which is not a short term capital asset.

Manufacture

To "manufacture" is to produce new out of the existing materials.It further implies transformation in to new and different articles having a distinct name,character or use.Section2(f) of the Central Excises and Salt Act,1944 gives statutory definition for "manufacture".

Non Resident Indian (NRI)

NRI means an individual being a citizen of India or a person of Indian origin who is not a resident. A person shall be deemed to be of Indian origin if he or either of his parents or any of his grand parents was born in undivided India.

Person

The income tax is charged in respect of the total income of the previous year of every 'person'. Here the person means--

1. an individual : a natural human being i.e male, female minor or a person of sound or unsound mind
2. a Hindu undivided family (HUF)
3. a company :
* any Indian company
* any body corporate incorporated by under the laws of a country outside India
* any institution, association or body whether Indian or non Indian, which is declared by general or special order of the board to be a company
* any institution, association or body which is or was assessable or was assessed as a company for any assessment year under the Indian Income tax Act, 1922 or which is or was assessable or was assesses under this act as a company for any assessment year commencing on or before the 1st day of April. 1970
4. a firm i.e a partnership firm
5. an association of persons or a body of individuals whether incorporated or not
6. a local authority-- means a municipal committee, district board, body of port commissioners, or other authority legally entitled to or entrusted by the government with the control and management of a municipal or local fund.
7. every artificial, juridical person, not falling within any of the above categories.

Previous year

The Financial Year in which the income is earned is known as the previous year. Any financial year begins from 1st of April and ends on subsequent 31st March. The financial year beginning on 1st of April 2003 and ending on 31st March 2004 is the previous year for the assessment year 2004-2005.

Principal Officer

Any public body or association of persons or any body of individuals or a company or a local authority is referred as the principle officer. They include the secretary, treasurer, manager or agent of the authority, company, association or body. Also any person connected with the management or administration of the local authority, company, association or body upon which the assessing officer has served a notice of his intention of treating him as the principal officer.

Specified Asset

This includes any of the following assets-

1. Shares in an Indian company
2. debentures issued by an Indian company which is not a private company as defined in the companies act, 1956
3. deposits with an Indian company which is not a private company
4. any security of the central government
5. units of the unit trust of India
6. Such other assets as the central government may specify in this behalf by notification in the official gazette

Crisis management -SLUMP STRATEGY

The financial meltdown abroad should serve as a lesson for the investor. Save well for troubled times.


The stunning collapse of Lehman Brothers and the crisis engulfing Wall Street is having an impact across the world. There could be several more developments over the next few months that might make things more difficult. For investors, this is an important period to learn from such developments. This will ensure that they are not in a tough situation in the future.
Here are five such important lessons......

Every investment has risk: Typically, during good times, investors tend to ignore the risk element in a paper and focus only on returns.

Investors in equities stand to lose their entire money, if the company goes down. The plunging shares prices of Lehman Brothers, Freddie Mac and Fannie Mae to one dollar proves that entire market capitalisations can simply get wiped out.

Even debt market products get badly hit on account of the write-down of the debt that they hold. So, a portfolio needs to be as diversified as possible to insulate a person for such situations.

Everything is interlinked: From the price of a stock to an insurance policy, everything is linked. A fall in the price of a particular stock in Europe could mean the overseas mutual fund, where you have invested, is likely to see a fall in its net asset value (NAV). Even an insurance policy with a domestic company, which has a foreign partner, can be adversely impacted.

The latter implies you will lose your premiums as well as your cover. While such risks cannot be avoided, a portfolio that contains only domestic stocks or an insurance company may sound safe, but there is no guarantee that it will not be impacted adversely.

Diversify, the only mantra for retirement planning: The result of all the financial planning is gauged by the final corpus that you are able to create for retirement.

A sufficiently-big nest will ensure that there are adequate funds during the sunset years. Many people, even those who are in the financial sector, make the basic mistake of putting all their eggs in one basket. Many a time, employees buy shares of their own companies thinking that being an insider they are privy to the most-sensitive information. This could lead to a great risk, if suddenly something were to go wrong.

The solution again is diversification. Having exposure to local equities, international equities, debt, commodities together would be a better idea to create a sound portfolio that will weather tough times. And even within each of these areas, spread the money across investment options.

Treat your career like an investment: Most people do not pay the right amount of attention to their career or working life. Just like an investment that needs constant monitoring and analysis, there is a need to monitor the career in the same manner. Most people are shocked when they lose their jobs.

The better way is to be prepared for the worst. That will help to insulate you from any career related problem.

Also, concentration on issues like upgrading skills through training, attending conferences and seminars and networking will help to improve your career. Yes, all these cost money. However, the returns over the years are much more.

Save during good times: Most importantly, when the earnings are high, save well. Good times are not for ever. Creating a meaningful portfolio or a simple savings corpus would be of great help during bad times. Proper investments will ensure that there are reserves that can be used during emergencies. A sum of Rs 10,000 saved each month for 25 years growing at 15 per cent annually will give rise to a corpus of Rs 2.55 crore. All this money can be rather useful when the cash flow actually stops.

Ref:-
Business standard.....

Will financial crisis derail India's economy?

it is a good topic for debate so thought it will help..............

Financing India growth would not be that much of an issue Deepening financial distress in the United States has affected even the most basic financial intermediation, with US authorities currently making great efforts to restore fully functioning markets. These conditions would probably have a limited direct effect on India, but the implications for global demand could result in a moderation in exports. Moreover, heightened risk aversion could also impact pricing of assets. Being largely a domestic economy with exports including software at 17% of GDP, India is relatively insulated in comparison with most other economies. Though it is difficult to quantify the exact implications at this stage, a couple of points worth keeping are: (1) Indian IT companies have around a 30% exposure to financial services; (2) funding constraints could result in some uncertainty for the real estate sector; and (3) while direct exposure for Indian financial institutions is negligible there are a few firms which could be impacted at the margin. However, a point to note is that given the deterioration in the global and domestic macro environment seen over the year, India Inc has been adapting and innovating with a clear focus on profitability. But the adverse macro environment is having an impact on growth and expansion plans with growth estimates now in the 7%-7.5% range. Our FY09 and FY10 GDP estimates of 7.5% and 7.4% factor in single-digit investment growth from a CAGR of 17% seen during FY03 to FY08. This is basically due to the fact that investments have faced a double whammy with rising input costs on the one hand; and higher, more stringent borrowing constraints (both domestic and global) on the other. Growth would have been lower were it not for the buoyant savings, productivity gains, healthier balance sheets and the possibility of monetary easing next year. In addition, a sustained fall in commodity prices bodes well for inflation, rates and the fisc. While the impact on growth and exports can be quantified, the impact on currency and capital flows is not as clear. The reason is that despite India being a domestic-driven economy with strong macro fundamentals, in times of an increase in risk aversion, countries with twin deficits, inflation and political challenges tend to be viewed with caution. Moreover, a lot would also depend on monetary policy responses (both of the Fed and the RBI) as asset reallocation could result in inducing capital flows to those countries where interest rates are higher. The panic over the health of the US financial system has caused severe de-leveraging of balance sheets with firms and investors rushing to convert assets into cash to reduce risk and to preserve operating capital. The process is likely to continue and will impact economies/corporates who access international capital. De-leveraging and the increase in risk aversion could result in higher spreads thus increasing recourse to domestic sources of funding. However, we believe that financing the India growth story would not be that much of an issue given the buoyancy in deposits, high savings and levers available with the RBI to inject liquidity. Recent steps taken such as increasing the attractiveness of NRI deposits, and providing additional liquidity support via the LAF window to alleviate the liquidity shortage are encouraging. We believe that we could see the RBI becoming more active in the coming months. Possible measures include (1) further relaxation of norms on the capital account, both NRI and ECB guidelines, (2) a likely cut in the SLR given the continued buoyancy in both credit and deposits and consequent demand for government securities to meet statutory requirements, and (3) a possibility of keeping rates on hold given lower commodity prices and stabilising inflationary expectations. India should push ahead with hiking prices of domestic fuels India’s annual GDP growth accelerated to 9.3% in the three years to 2007-08 owing mainly to three key drivers: (1) greater impact and acknowledgement of favourable structural factors; (2) strong global cyclical growth uplift; and (3) exceptionally easy global liquidity conditions and heightened risk appetite that caused a surge in capital inflows into emerging economies, including India. The structural factors driving India’s economic rise remain well entrenched and thus safeguard the attractive medium-term outlook. However, the other two factors have reversed course, and will undoubtedly extract a price for the excesses of recent years. Growth will slow down this year and next, led by deceleration in investment spending, and some rolling over in consumption. GDP growth will moderate to a touch over 7% next year, not a bad outcome considering the global backdrop and the domestic constraints, but lower than the sustained 9% or so several businesses and investors had unrealistically assumed. The impact of the global mayhem will be transmitted via softening external demand and lower capital inflows, especially portfolio investment. The reversal in foreign capital inflows, which is already playing out, will affect local money market liquidity and the rupee. Policymakers here are well positioned to cushion the adverse impact, owing mainly to the sensible approach by the former Reserve Bank governor Y V Reddy, which also sets the stage for greater liberalisation now. The policy response in the coming months will be a reverse of what happened over the last 2-3 years when the RBI was faced with surging capital inflows, and had to hike the cash reserve ratio (CRR) and check rupee’s appreciation. Now, the worsening balance of payments will adversely affect local money market liquidity, and also put pressure on the rupee to weaken. Interest rates for non-resident Indians have already been increased, and will likely to be increased further. Also, policymakers will ease the restrictions on capital inflows to ease dollar supply, though it will now be far more expensive for firms to borrow internationally. Intervention in the foreign exchange market to check rupee’s weakness will tighten local liquidity, which in turn will set the stage for unwinding of securities issued under the market stabilisation scheme, and for cuts in CRR. Real interest rates are pretty high (ignore those who were screaming for rate cuts some time back but now argue that real rates are too low!) Expectations of lower inflation will also prompt significant reversal in interest rates. Given the local constraints and the global backdrop, last week’s quasi and temporary cut in the statutory liquidity ratio (SLR) was perhaps the only workable option, especially since the central bank cannot cut CRR just yet. Still, it also shows the ad-hocism in policymaking due to, among other things, exceptional and adverse global factors, the need to check rupee depreciation and the fiscal bleeding that is forcing banks to lend to the state oil companies. Indian policymakers cannot control global factors, but they should push ahead with increasing local prices of some fuels, so as to check the fiscal mess. The greatest challenge for policymakers will be to deflect bad advice, and there has been plenty going around in recent years. It is ironic that those who were rooting for a free-floating rupee when it was under pressure to appreciate appear to have done a convenient about-face and are now making the case for greater intervention by the RBI to prevent rupee weakness! It is worth remembering that currency flexibility is part of the solution, not part of the problem Indian growth rates should continue to attract The short answer is no, since domestic drivers of growth are robust and varied. But the element of panic and herd reactions make crises uncertain creatures. Whatever the earlier errors, policy reactions to the crisis itself have been largely correct, injecting liquidity, at a price, to prevent freezing of markets, helping institutions, such as Fanny Mae, Freddie Mac and AIG, whose collapse would have large externalities, but letting the shareholders and management suffer. Concerted action by a number of central banks to pump in liquidity is another good sign of global stakes in the financial system and a readiness to prevent its collapse. Liquidity injections need not be inflationary, they substitute for a drying up of systemic liquidity and can be withdrawn as the latter revives. Plans to help banks clean out illiquid assets and restrictions on short selling to restrict attacks on vulnerable stocks may end the uncertainty about who is next. Tackling the root cause may prevent periodic eruptions from the festering sores of the subprime crisis. Policy has to be interventionist in such a crisis to minimise contagion and collapse. Tightening regulatory loopholes that helped create excessive financial leverage must follow, but later. Since taxpayer money is going to investment banks, they must accept tighter regulation. They can only survive as regular banks. Incentives must be redesigned, current huge bonuses in good times and limited liability in bad encourage risk-taking. A premium could be paid in good times to finance the risk of future bailouts. Since Indian banks are healthy, with little exposure to the derivatives and institutions at risk, they will be all right. Fall in global commodity prices will help reduce imported inflation and allow policy to revive growth. There will be a drying of international liquidity and outflow from troubled FPIs. But Indian growth rates are one of the few bright spots in a dismal situation, and should continue to attract robust long-term investments. Excessive FPI inflows were a problem for policy in the past year. The reversal is still minor compared to past accumulations. So there should not be any hesitation to allow some reduction in forex reserves. The cost of carrying reserves and of sterilisation will be reduced. Selling the dollar when the rupee is low makes good profit for the Reserve Bank. As long as inflation is still high excessive rupee depreciation should be prevented. The liquidity withdrawn by dollar sale can be countered by unwinding MSS balances and reducing CRR. The latter will reduce bank costs, and allow domestic credit to compensate to some extent for the drying of international credit. Domestic savings are high enough to finance investment, with whatever external help remains. Sectors most at risk are those that have dealings with troubled financial companies. Some Indian professionals will loose jobs. But quick restructuring makes these losses short-lived. Talent becomes available to go into areas where it is scarce. A deeper global recession may not adversely affect the outsourcing business, despite the loss of some big clients, because of the search for cheaper alternatives. Air travel loses some of its frequent flyers but gains from lower fuel prices. There are always pluses and minuses, it is up to us to build on the pluses and provide an alternative growth pole for the world. The problem is the increasing indebtedness of the United States government. But at least in the short-term, surpluses of other countries should continue to shore it up, because of the latter’s stake in the global system. Gradual adjustment away from the dollar towards a less unipolar and therefore more robust global system will, however, continue.

Ref:- Economics times...

'Financial crisis will not impact Indian growth'

The current turmoil in the global financial markets is unlikely to have an adverse effect on India's healthy growth rate or on the huge investments it is attracting, Indian Minister of state for Commerce and Industry Ashwani Kumar has said.

Admitting the crisis might have slight impact on the functioning of the Indian economy, Kumar expressed confidence that fiscal management will insulate it to the maximum possible extent, asserting that the US and India would continue to be in a "very tight economic embrace."

The American economy is resilient and dynamic and current crisis could be just cyclic or temporary aberration, he told reporters.

Kumar, who is here to deliver a series of lectures in Harvard University, said, money flows only to countries whose economies are resilient and give higher returns, with India fulfilling both qualifications.

The Indian economy is resilient, its economic fundamentals strong and it has 400 million strong middle class with huge purchasing power, he said. Besides, India is strengthening its infrastructure at huge cost.

The Chinese economy on the other hand, Kumar stressed, has reached a saturation point, while India will continue to be one of the principal destination.

Replying to a question, he also expressed hope that the Indo-US Nuclear Deal would clear the Senate by the time Prime Minister Manmohan Singh holds summit with President George Bush on Sept 25 in Washington.

He also praised the Bush administration for its "forceful diplomacy" and time interventions at critical stages during negotiations of Nuclear Suppliers Group.

Ref:- Rediff........

The FOCUS for PLACEMENT, SUMMER TRAINING & SANGOSHTI: SELECT CORPORATE GIANTS

hello guys i am starting with the list of financial co. as well as corporate, i hope it will help........

BANKS

ABN-AMRO Bank

American Express

ANZ Grindlays Bank

Bank of America

Bank of Bahrain &

Kuwait

Bank of Nova Scotia

Bank of Punjab Ltd.

Bank of Tokyo-Mitsubishi

Banque Nationale de

Paris

Bharat Overseas Bank

Catholic Syrian Bank

Centurion Bank

Citibank N.A.

City Union Bank

Credit Lyonnais

Deutsche Bank

Dresdner Bank

Federal Bank

Fuji Bank

Global Trust Bank

HDFC Bank

Hongkong & Shanghai

Banking Corp.

ICICI Banking Corp.

IDBI Bank

INDUSIND Bank

Karnataka Bank

Karur Vysya Bank

Mashreq Bank

Nedungadi Bank

Sanwa Bank

Scotia Bank

Standard Chartered Bank

State Bank of India

Times Bank

Union Bank of Switzerland

United Western Bank

UTI Bank

INVESTMENT BANKERS

Crosby Securities

DSP Merrill Lynch

ENAMFinancialConsultants

GE Caps

ICICI Securities

IDBI Capital Market

Services

IFCI Financial Services

Jardine Fleming

J.M. Financial &

Investments

Kotak Mahindra Capital

Co.

Peregrine Capital

PNB Capital Services

SBI Capital Market

CREDIT RATING

AGENCIES

CARE

CRISIL

Duff & Phelps

ICRA

STOCK EXCHANGE &

REGULATORY BODIES

BSE

DSE

IRA

FICCI

OTCEI

NSE

SEBI

FINANCIAL INSTITUTIONS

Delhi Financial Corp.

EXIM Bank of India

GIC

HDFC

HUDCO

ICICI

IDBI

IFCI

Indl. Invt. Bank of India

IL & FS

Indian Railway Finance

Corp.

Life Insurance Corp. of

India

NABARD

NHB

PFC

Tourism Fin. Corp. of

India

UTI

CONSULTANCIES

A.F. Fergueson

Arthur Anderson

Boston Consulting Group

Chesterton Meghraj

Deloitte Haskins & Sells

Ernst & Young

Lovelock & Lewis

Mckinsey & Co.

Pricewater House Coopers

Richard Ellis

S.B. Billimoria

Sharp & Tannan

S.R. Batliboi & Co.

Tata Consultancy

Services

NBFCs

20th Century Finance

Corp.

Alpic Finance

Apple Finance

The Associates

Bajaj Auto Finance

Bajaj Capital

Birla Global Finance Ltd.

Canfin Homes

Ceat Finance

Cholamandalam Finance

Consortium Finance

Countrywide Con.

Financial Services Ltd.

Escorts Finance

First Leasing

HB Portfolio Ltd.

India Lease Dev.

Kotak Mahindra Finance

Lakshmi Gen Finance

Lazard Credit Capital

LIC Housing Finance

Motor & Gen. Finance

Nicco Uco Finance

Peerlesss

R.R. Finance

Reliance Capital &

Finance

Scotia Finance

Sundaram Finance

SBI Home Finance

Tata Finance

Zuari Leasing & Finance Co.

PSU's

BHEL

CMIE

Damodar Valley Corp

EIL

IOC

NALCO

NTPC

NHPC

Powergrid Corporation

Ltd.

ONGC

SAIL

MUTUAL FUNDS

Allianz Mutual Fund

Birla Capital AMC Ltd.

Birla Mutual Fund

BOB Mutual Fund

BOI Mutual Fund

Canbank Mutual Fund

GIC Asset Management

Indbank Mutual Fund

ITC Thread needle

JM Mutual Fund

Kothari Pioneer

Mutual Fund

LIC Mutual Fund

Morgan Stanley

PNB Mutual Fund

SBI Mutual Fund

Shriram Mutual Fund

Tata Mutual Fund

Taurus Mutual Fund

Templeton Mutual

Fund

Unit Trust of India

CORPORATES/MNCS

ABB

ACC

Adani Exports

Alfa-Laval (India)

Alsthom

Apollo Tyres

Aptech

Arvind Mills

Ashok Leyland

Asian Hotels

Asian Paints (India)

Bata

B A S F India

B S E S

Bajaj Auto

Bajaj Tempo

Ballarpur Inds

Bausch & Lomb India

Bayer (India)

Bennette & Coleman

Bharat Forge

Bharti Telecom

Birla 3M

Birla Corp.

Birla VXL

Blue Dart

Bombay Dyeing & Mfg.

Co

BPL

Britannia Industries

Burroughs Wellcome

Canon

Cadbury India

Carrier Aircon

Castrol India

Century Enka

Century Textiles & Inds

Chambal Fert. & Chemicals

CIPLA

Coats Viyella India

CocaCola

Colgate-Pamolive (India)

Crompton Greaves

Cynamid India

Dabur India

Daewoo Motors

DCM Shriram

Digital Equipments

DLF

Dr. Reddys Laboratories

Duncans Industries

E Merck (India)

East India Hotels

EID-Parry (India)

Escorts

Essar Oil

Essar Shipping

Essar Steel

Eveready Industries

Excel Industries

Exide Industries

Finolex Cables

Flex Industries

Glaxo India

Godfray Philips (I) Ltd.

Goetz India Ltd.

Goodlass Nerolac Paints

Grasim Industries

Great Eastern Shipping

Co

Gujarat Alkalies & Chem.

Gujarat Ambuja Cement

HCL

Hero Honda Motors

Hindalco Industries

Hindustan Ciba-Giegy

Hindustan Motors

Hindustan Lever

Hoechst (India)

Honda Siel

Hotel Leelaventure

Hewlett Packard

Hughes Software

Systems

ICI India

Indian Aluminium Co

Indian Hotels Co

Indian Rayon & Inds

Indian Shaving Products

Indo Gulf Fertilizers

Infosys Technologies

Ingersoll-Rand

ITC Group

JCT Electronics

JCT Limited

Jindal Iron and Steel Co

Jindal Strips

JK Corp

JK Synthetics

Kirloskar Cummins

Knoll Pharma

Kodak

KSB Pumps

L M L

Lakme

Lakshmi Machine Works

Larsen & Toubro

LNJ Bhilwara

Lupin Laboratories

M R F

Mahindra & Mahindra

Marico Industries

Morepen Laboratories

Motorola

Nagarjuna Ferts. &

Chem.

Nahar Group

Nestle India

Nicholas Piramal

NIIT

NOCIL

Novartis Industries

Orchid Chemicals

Oswal Chem. &

Ferts.

Parke-Davis (India)

Pepsico

Pfizer

Philips India

Pidilite Industries

Ponds (India)

Procter & Gamble

Ranbaxy Laboratories

Raymond Synthetics

Reliance Industries

Reliance Petroleum

Satyam Computers

S K F Bearings India

SPIC

Sterlite Ind

Sundaram Fasteners

Supreme Ind.

Tata Chemicals

Tata Donnelley

Tata Hydro-Electric

Power

Tata Infotech

Tata Power Co

Tata Tea

Tata Timken

Tata Unisys

TELCO

Thermax

TISCO

Titan Industries

Torrent Pharmaceuticals

TVS-Suzuki

United Phosphorus

Usha Ispat

Videocon Group

Voltas

Wartsila NSD

Wipro

Wockhardt

Wyeth Lederal

Zee Telefilms

Zuari Agro Chemicals