>CITI GROUP INVESTMENT HOLDINGS(INDIA)

The holdings of CITI GROUP in INDIA



RESEARCH REPORTS

>FII Selling Pattern (year 2008)

Weekend,Its raining here in Bangalore had nothing constructive to do,
Thought let me ramble with FII selling we witnessed this year(2008) till now.

In 2008 top three months of wealth destruction till now are

January

June

October

October being the darkest month of the year till now.

January (OHLC)=6138,6356,4450,5171 A loss of 15%

June (OHLC)=4870,4906,4022,4025 A loss of 17%

October (OHLC)=3921,4000,2253,2905 A loss of 27%

Lets compare the FII selling in these 3 months

January FII sold=-17,226.90 (cr)

June FII sold =-10,577.70 (cr)

October FII sold=-14,248.60 (cr)

Now run your eye through the attached chart of nifty.

It clearly shows though the fall was steep traders/Investors were quite eager to buy
because by the time month ended more than half of fall was retraced (Traders were hopeful)

Come to June its calm compare to January but absolutely no retrace and the month ended
quite near to the monthly low.(Traders sold too not hopeful of rise) One thing to look for
though this being the lowest out of the three months comparing FII selling .Still it managed to shave off 17% off Nifty.

The October comes darkest of the three "mayhem" Bear salsa world over FII sold lesser than
compared to January but we witnessed Nifty being lighter by 27% .
Distress sale,Panic sale etc etc and what not.Long term investors sold there blue chips.
Sentiments negative to the core no one wanted to talk about stocks etc etc.

Then suddenly from no where we witnessed sharp and swift rally in October itself
From a low of 2250 to 2900 that's 650 points in a week, Of course on low volumes:)
Retail was quite scared to buy.

Data source :-Moneycontrol
RESEARCH REPORTS

>FII's short list

The following table gives information about the no. of shares Fiis short in the underlying
script.

SR. NO.	SECURITY NAME	QUANTITY (no. of underlying security)
88	ICICI BANK LTD	12710276
142	NATIONAL THERMAL POWER CORP	8924392
207	TATA STEEL LIMITED	8865766
105	JAIPRAKASH ASSOCIATES LTD	8386718
174	RELIANCE COMMUNICATION LTD	8153350
179	RELIANCE PETROLEUM LTD	7316495
102	ITC LIMITED	5073320
90	IDEA CELLULAR LTD	4787538
24	AXIS BANK LTD	4668781
94	INDIABULLS REAL ESTATE LIMITED	4556078
79	HDIL	4134608
33	BHARTI AIRTEL LIMITED	4070404
137	MOSER BAER (INDIA) LIMITED	3740643
120	LARSEN & TOUBRO LIMITED	3573799
77	HDFC	3560323
136	MORGAN STANLEY GROWTH FUND	3535464
201	SUZLON ENERGY LIMITED	3194455
214	UNITED PHOSPHOROUS	3014492
45	CRANES SOFTWARE INTERNATIONAL LTD	2936888
173	RELIANCE CAPITAL LIMITED	2765347
123	LUPIN LTD	2636487
110	JSW STEEL LIMITED	2459440
14	AMTEK INDIA LTD	2329793
67	GLENMARK PHARMACEUTICALS LTD	2221847
176	RELIANCE INDUSTRIES LIMITED	2145092
99	INFOSYS TECHNOLOGIES LTD	2061118
85	HINDUSTAN UNILEVER LIMITED	1975000
93	INDIABULLS FINANCIAL SERVICES	1930673
48	DLF LIMITED	1847961
163	PUNJ LLOYD LIMITED	1795840
46	CROMPTON GREAVES LTD	1711019
181	ROLTA INDIA LIMITED	1619425
213	UNITECH LIMITED	1423525
78	HDFC BANK LIMITED	1359784
68	GMR INFRASTRUCTURE LTD	1357004
160	PRAKASH INDUSTRIES LIMITED	1272042
130	MAN INDUSTRIES (INDIA) LTD	1252008
58	FIRSTSOURCE SOLUTIONS LIMITE	1211932
55	EVEREST KANTO CYLINDER LIMITED	1175913
103	IVRCL INFRASTRUCTURES & PROJECT	1161116
10	AFTEK INFOSYS LTD	1158298
104	JAIN IRRIGATION SYSTEMS LTD	1116987
81	HEXAWARE TECHNOLOGIES LTD	1110223
194	STEEL AUTHORITY OF INDIA	1076564
117	KOTAK MAHINDRA BANK LTD	1068300
155	PATNI COMPUTER SYSTEMS	1038395
218	VOLTAS	1000794
193	STATE BANK OF INDIA	988377
183	S KUMARS NATIONWIDE LTD	987751
192	SREI INFRASTRUCTURE FINANCE	942996
197	STRIDES ARCOLAB LTD	940746
63	GEODESIC LTD	914514
60	GATEWAY DISTRIPARKS LTD	881315
82	HINDALCO INDUSTRIES LIMITED	876757
13	AMTEK AUTO LIMITED	845581
202	TATA CHEMICALS LIMITED	812780
30	BHARAT HEAVY ELECTRICALS LIMITED	797167
182	RUCHI SOYA INDUSTRIES LTD	790000
205	TATA MOTORS LTD	784102
73	GTL INFRASTRUCTURE LTD	768972
54	ERA CONSTRUCTION LTD	750000
101	INFRASTRUCTURE DEVELOPMENT FIN	743450
221	WOCKHARDT	738529
111	JUBILANT ORGANOSYS LTD	737757
29	BHARAT FORGE LIMITED	736964
22	ASSAM CO LTD	735634
212	UNION BANK OF INDIA	724000
184	SATYAM COMPUTER SERVICES LIMITED	692924
98	INDUSTRIAL DEVELOPMENT BANK OF INDIA	690908
20	ASHOK LEYLAND LIMITED	652113
150	ORIENTAL BANK OF COMMERCE	645017
23	AUROBINDO PHARMA LIMITED	619683
204	TATA CONSULTANCY SERVICES	611123
164	PUNJAB NATIONAL BANK	602844
1	3I INFOTECH LIMITED	586276
50	EDUCOMP SOLUTIONS LTD	531444
39	CAIRN INDIA LIMITED	529596
75	GUJARAT STATE PETRONET LTD	502951
151	PANACEA BIOTEC LIMITED	500448
217	VIDEOCON INDUSTRIES LTD	491746
95	INDIAN HOTEL	486379
177	RELIANCE INFRASTRUCTURE LTD	474584
140	NAGARJUNA CONSTRUCTION CO	471704
152	PANTALOON RETAIL INDIA LIMITED	468107
59	GAIL INDIA LTD	462555
43	CORE PROJECTS $ TECHNOLOGIES	457365
40	CANARA BANK	444429
165	PYRAMID SAIMIRA THEATRE	425060
196	STERLITE INDUSTRIES INDIA LT	410987
158	POWER GRID CORP OF INDIA	400000
89	ICSA INDIA LTD	387959
208	TULIP IT SERVICES LTD	383696
42	CIPLA LTD	382723
2	ABAN OFFSHORE LIMITED	379307
116	KLG SYSTEL LIMITED	375949
146	NORTHGATE TECHNOLOGIES LTD	347631
8	ADLABS FILMS LTD	344353
191	SPICEJET LTD	333675
76	HCL TECHNOLOGIES LTD	330503
131	MARUTI SUZUKI INDIA LTD	322026
108	JINDAL STAINLESS LTD	317000
143	NEW DELHI TELEVISION LTD	313561
186	SESA GOA LTD	312000
138	MPHASIS BFL LTD	306099
148	OPTO CIRCUITS INDIA	305817
180	RELIANCE POWER LIMITED	300000
32	BHARATI SHIPYARD LIMITED	299329
156	PIRAMAL HEALTHCARE LIMITED	294145
26	BAJAJ HINDUSTAN LTD	287533
147	OIL & NATURAL GAS CORP LTD	274500
17	ANSAL PROPERTIES & INFRASTRU	268008
107	JINDAL SAW LTD	246584
157	POWER FINANCE CORP LTD	234656
27	BANK OF INDIA	234570
65	GITANJALI GEMS LTD	227412
144	NIIT LTD	223349
133	MERCATOR LINES LIMITED	222016
220	WIPRO LTD	215369
189	SINTEX INDUSTRIES LIMITED	210062
185	SAW PIPES LIMITED ORD	208900
132	MATRIX LABORATORIES LIMITED	205900
223	ZEE ENTERTAINMENT ENTERPRISES LTD	199500
87	HOTEL LEELA VENTURE LTD	193316
56	FEDERAL BANK LTD	184050
113	KARNATAKA BANK LTD	184000
222	YES BANK	180000
70	GRASIM	174265
15	ANDHRA BANK LTD	173373
169	RANBAXY LABORATORIES LTD	169862
41	CESC LTD	158979
18	ASAHI INDIA GLASS LTD	158067
206	TATA POWER CO	157963
35	BIOCON LTD	154900
121	LGB FORGE LTD	153576
72	GREMACH INFRASTRUCTURE EQUIPMENTS & PROJECTS LTD	151730
114	KEC INTERNATIONAL LTD	151085
122	LIC HOUSING FINANCE	145584
170	RAYMOND LIMITED	144494
83	HINDUSTAN CONSTRUCTION CO	138000
209	TVS MOTORS CO LTD	134130
49	DR REDDYS LABORATORIES LTD	134047
126	MAHANAGAR TELEPHONE NIGAM	132380
224	ZENITH INFOTECH LTD	131426
6	ADANI EXPORTS	131420
135	MONNET ISPAT LIMITED	131117
5	ACC LIMITED	130026
141	NATIONAL ALUMINIUM CO	126500
16	ANKUR DRUGS & PHARMA LTD	125000
64	GEOMETRIC LTD	122118
203	TATA COMMUNICATIONS LTD	110081
198	SUBEX LTD	109526
47	DISHMAN PHARMA & CHEM CMN	105901
91	INDIA CEMENTS LIMITED	104900
92	INDIA INFOLINE LTD	100156
134	MICRO TECHNOLOGIES INDIA LTD	99,103
97	INDIAN OVERSEAS BANK	96,798
25	BAJAJ AUTO LIMITED	90,951
115	KINGFISHER AIRLINE	88,081
3	ABB LTD INDIA	85,973
12	ALOK IND LTD	76,089
125	MAHA SCOOTER	69,885
159	PRAJAY ENGINEERS SYNDICA	69,798
7	ADITYA BIRLA NUVO LTD	68,466
74	GTL LTD	65,732
109	JINDAL STEEL & POWER LTD	65,545
154	PATEL ENGINEERING LTD	65,509
118	LAKSHMI ENERGY & FOODS LTD	63,516
28	BARTRONICS INDIA LTD	61,047
37	BRANDHOUSE RETAIL	55,439
128	MAHINDRA & MAHINDRA	54,950
80	HERO HONDA MOTORS LIMITED	53,100
53	EMCO LTD	50,180
86	HINDUSTAN ZINC LTD	49,671
200	SUN PHARMACEUTICALS INDUS LTD	47,974
44	CORPORATION BANK	47,647
129	MAHINDRA LIFESPACE DEVELOPERS LTD	45,645
100	INFOTECH ENTERPRISES LTD	45,453
167	RAIN COMMODITIES LTD	44,934
187	SHIV-VANI OIL & GAS EXPLORATION SERVICES LTD	44,785
162	PROVOGUE INDIA LTD	42,860
38	CADILA HEALTHCARE LTD	42,000
119	LANCO INFRATECH LTD	38,100
4	ABG SHIPYARD	37,894
219	WELSPUN-GUJARAT STAHL LTD	35,390
216	UTV SOFTWARE COMMUNICATIONS LTD	35,204
84	HINDUSTAN PETROLEUM CORP	35,166
52	ELECTROSTEEL	32,035
178	RELIANCE NATURAL RESOURCES LTD	31,476
175	RELIANCE ENERGY LTD	31,264
153	PARSVNATH DEVELOPERS LTD	30,807
139	MUKAND LTD	27,642
96	INDIAN OIL CORP LTD	23,464
34	BILCARE LTD	22,492
210	UFLEX LIMITED	21,661
188	SIEMENS INDIA LTD	21,616
11	AKRUTI NIRMAN LTD	20,500
145	NITCO_TILES_LTD	20,000
168	RAJESH EXPORTS LIMITED	20,000
127	MAHARASHTRA SEAMLESS LTD	19,537
149	ORCHID CHEMICALS & PHARMA	16,110
171	REDINGTON INDIA LTD	14,218
215	UNITED SPIRITS LIMITED	14,174
21	ASIAN ELECTRONICS LTD	14,108
166	RADICO KHAITAN LTD	11,560
106	JET AIRWAYS INDIA LIMITED	11,174
51	EICHER MOTORS LTD	10,465
172	REI AGRO LTD	9,140
57	FINANCIAL TECHN (INDIA) LTD	8,700
211	ULTRA TECH CEMENT LTD	8,037
69	GOKALDAS EXPORTS	4,927
112	KALPATARU POWER TRANS LTD	4,257
61	GE SHIPPING	3,606
195	STERLING BIOTECH LTD	3,598
31	BHARAT PETROLEUM CORP LTD	3,300
161	PRIME FOCUS LTD	3,291
62	GENUS POWER INFRASTRUCTURE	2,816
190	SOUTH INDIA	1,575
199	SUN PHARMA ADVANCED RESEARCH CO LTD	1,000
66	GLAXOSMITHKLINE PHARMACEUTIC	764
124	MADRAS CEMENTS LIMITED	731
9	ADVANTA INDIA LTD	485
19	ASHAPURA MINECHEM LIMITED	100
36	BOMBAY RAYON	8
71	GREAT OFFSHORE LTD	4