PRE MARKETOPENING FOR 11 NOVEMBER

TRADING CALL

SELL RENUKA SUGARS CMP RS.67 FOR

SHORT TERM DELIVERY TARGET RS.60.

Key benchmark indices are likely to open lower tracking

weak global cues. Moreover India's exports declined in

October 2008, for the first time in five years, due to the

global slowdown. For the first time in the last five years, in

October 2008, there has been a decline of over 15% in exports

in dollar terms, the Director General of Foreign Trade R S Gujral

said on Monday, 10 November 2008. Barring the export of the

petroleum products, there has been a decline of over 20%. Growth

in April-October 2008 has been 21.5%, down from 30.9% for the

April-September 2008 period. The final export figures for October

2008 will be released in the first week of December 2008. US light,

sweet crude for December 2008 delivery fell $1.91 or 3% to $60.50

a barrel today, 11 November 2008 as a firmer dollar and

renewed gloom over the global economy. Asian markets were

trading lower today, 11 November 2008. China's Shanghai Composite

was down 0.53% or 10 points at 1,864.81, Hong Kong's Hang Seng

declined 2.89% or 426.38 points at 14,318.25, Japan's Nikkei plunged

3.30% or 299.98 points at 8,781.45, Singapore's Straits Times fell

2.34% or 44.18 points at 1,840.84, South Korea's Seoul Composite

lost 1.87% or 21.55 points at 1,130.91 and Taiwan's Taiwan Weighted

tumbled 2.71% or 128.23 points at 4,612.04.