Indian market traded on a flattish to positive note, with good buying over BANKING and SUGAR STOCKS. SENSEX closed at 18226, up 20 points and Nifty at 5481, up 9 points from the previous close. CNX MIDCAP index was up 0.9% and BSE SMALLCAP index was up 1.1%. The market breadth was positive with advances at 844 against declines of 450 on the NSE. Top gainers included JAIPRA, STER, TATAPOWER, HDFC, HDFCBANK, AXISBANK, HCLTECH and SUZLON. Top losers are listed as HEROHONDA, TCS, BHEL, BHARTIARTL, INFOSYSTCH, GAIL, KOTAKBANK and UNITECH.

Next Day Trading Session:

Cadila Healthcare Limited is one of the largest Indian companies in the domestic pharmaceutical market. The company is the flagship of the Zydus Cadila group. Its operations include pharmaceuticals, diagnostics, herbal products, skin care products and other over-the-counter products. Company came into current status after the group restructuring in 1995 under which the operations of the group were consolidated. The company also has co-marketing agreement with number of Indian drug companies like E. Merck, Kopran, Nicholas Piramal and Ranbaxy.

Welspun Corporation Ltd announced that it has pocketed orders worth Rs 700 crore from domestic as well as global markets.

In a declaration, the pipe maker stated that it is expected to implement the new orders of around 1,20,000 tonnes during the existing financial year.

Welspun Chairman and Managing Director B K Goenka stated, ''The customers trust on our engineering excellence shall further strengthen our position in the competitive market space.''

Maruti Suzuki, announced that it has posted its highest ever monthly sales in August this year.

India's top manufacturer of cars has registered an increase of 23.6% in its car sales during the last month (August 2010).

The company sold around 104,791 units during August 2010 as against 84,808 vehicles during the corresponding period of 2009.

The company's sales in the domestic market climbed 32.5% at 92,674 units in August this year as against 69,961 units in the like period of 2009.

During the month of July, exports expanded the lowest at 13.2 per cent. This figure shows the total exports that have happened till this year. In real terms the figure stood at $16.24 billion and the result for decline is the fragile recovery in the major markets of US and Europe.

For the first quarter of this fiscal, the figure had increased by 10 per cent. For July 2009, the exports were at $14.34 billion, as per the official figures.

For the individual months of April, May and June the export rate was at 36.2 per cent, 35.1 per cent and 30.4 per cent, respectively.

India's second largest automaker in terms of sales, Tata Motors has seen a 32.28 per cent increase in its sales, during the month of August.

In unit terms the total was 65,938 units as compared to 49,810 units during the same month last year.

The biggest increase was seen in the passenger car segment

The homegrown firm's total passenger vehicles sales in the domestic market stood at 25,196 units in August against 17,364 units in the same month last year, a jump of 45.10 per cent, the company said in a statement.

Looking at the kind of potential that the superbike market provides, Suzuki Motorcycle is looking forward to revive its hold on this segment.

As per the new plans, it is looking to sell 300 units of its four superbikes- GSX-R1000, Bandit 1250S, Hayabusa-GSX1300R and Intruder-M1800R.

Suzuki has 5 per cent of the total market share in the industry and expects it to become close to 10 per cent by the year 2012.

And to be able to achieve its aim, the company is planning to launch a scooter along with motorcycle.

As the newest automaker which came to India, Nissan has had a good start for sure. And it’s marketing efforts to have been doing well.

Nissan Motors Indian Pvt Ltd (NMIPL) has managed to sell 1.249 units of its branded cars till the end of August, 2010. Out of this the majority was from Micra that was able to clock a sales of 1,182 units.

Micra is the newest of Nissan's compact cars in India and the company has been emphasis on the marketing of these cars. It has made sure that rather than price, it is the technological and service difference that is highlighted.

The moment the Pound broke 1.5441 on Monday, this pair has left the "neutral zone" which we said is between 1.5587 & 1.5441. Therefore, it is only logical now to expect the Pound to dive. But after more than 240 pips down from yesterday's top, the short term correction we are seeing now is (As we said yesterday) no surprise, with a condition of staying below 1.5480. The Pound is notorious for breaking, then moving in the other direction, before moving in the right direction smoothly and strongly. And now that we have tested 1.5480, we should wait and see what will the price do with it! Breaking this important level (in case it happens) can change the outlook dramatically! Short term support is at 1.5395, which was tested earlier this morning.

Leading oil and gas explorer of the country Shiv-Vani Oil & Gas Exploration Services Ltd has announced its annual financial results for the fiscal year 2009-10.

One again, Dollar/Yen traded below the 84 level for a short while, then jumped to around 84.60 and consolidated above 84, just like it did less than 24 hours ago! This is probably just a short break, and once it is over, we expect the Yen's strength to continue, and we believe we will see levels below 83.58 on the short term. We have noticed an ideal (Dark Cloud Cover) candle pattern on the daily chart (please refer to the attached chart), and this is a well known bearish pattern which promises more excitement as we drop lower & lower, especially after the BoJ disappointing the markets yesterday, and the "Japs" saying that they are "watching the currency movement closely"!

Stock market analyst Kunal Saraogi has maintained 'buy' rating on Ranbaxy Laboratories Ltd stock with short term target of Rs 525.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 495.

The stock of the company, on Sep 01, closed at Rs 497.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 538 and a low of Rs 317 on BSE.

Current EPS & P/E ratio stood at 27.74 and 18.34 respectively.

For the first time in 11 days the Euro reached 1.28, penetrating the resistance in yesterday's report 1.2792, declaring that it refuses to give up. However, the rise stopped just before our target 1.2871, and the pair consolidated around 1.28 without getting very far from it, which keeps the hopes of more upside activity alive. Looking at the hourly chart, we see an obvious horizontal support at last week's high 1.2777. The drop in the Asian session stopped only 3 pips above it, to give it more importance. If we hold above this level, the current bounce is expected to add more gains. But if broken, the Euro will gradually give up the latest gains, and will drop to 1.2676 first, and at a later time to 1.2550.

Stock market analyst JK Doshi has maintained 'buy' rating on HCL Technologies Ltd stock with one-week target of Rs 415.

According to analyst, the interested investors can buy the stock at Rs 390 with strict stop loss of Rs 385.

The stock of the company, on Sep 01, closed at Rs 386.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 448.80 and a low of Rs 290 on BSE.

Current EPS & P/E ratio stood at 15.01 and 26.13 respectively.

One of India's leading biscuit maker, Britannia Industries has announced that it will increase the price of its biscuits. This, said the company, is being done since it wants to release the pressure that its margins have been facing due to hike in raw material costs.

It said that the topline this year has shown an increase of 10 per cent but despite this the profits fell by 30 per cent. High inflationary pressures, which have been in the double digits, are the prices. It did not pass the burden to the consumers till now since it did not want them to face the brunt.

Stock market analyst Rahul Mohinder has maintained 'buy' rating on Apollo Tyres Ltd stock to achieve an intraday target of Rs 81.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 70.

The stock of the company, on Sep 01, closed at Rs 73.63 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 82.55 and a low of Rs 40.95 on BSE.

Current EPS & P/E ratio stood at 7.16 and 11.16 respectively.

The Indian subsidiary of the Japanese two-wheeler major, Yamaha has been able to make a perfect comeback in the Indian market so far. With the launch of products like R15, FZ16 and FZ-S, the company hit the right chords of the Indian consumer.

In fact, continuing its growth story in the domestic circuit, the company has been able to file a growth of 30% in units sold for the month of August 2010. For the record, the company sold close to 30,450 units in the month of August 2010, way up as compared to the 23,466 units sold by the Japanese auto major in August 2009.

The Indian arm of the global market leader, Toyota that operates in a JV agreement with the Kirloskar Group in the Indian market, Toyota Kirloskar Motor has recently said that the company has been able to maintain the growth momentum that it has carrying for the past many months now.

In fact, the company said in a release issued that it has filed a growth of over 26% in the month of August 2010 by selling close to 6 361 units in August 2010 against 5045 units in August last year.

It is to be mentioned here that the company has been one a high since the beginning of this calendar year.

Stock market analyst Gaurang Shah of Geojit BNP Paribas has maintained 'buy' rating on Adani Power Ltd stock with long term target of Rs 160.

According to analyst, the investors can achieve the said target within period of 12-18 months.

The stock of the company, on Sep 01, closed at Rs 138.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 144.45 and a low of Rs 92 on BSE.

Adani Power announced that by 2014-end, the company's power generation capacitance would be more than 16,000 megawatts.

Stock market analyst Mitesh Thacker has maintained 'buy' rating on Bharti Airtel Ltd stock to achieve a short term target of Rs 362.

According to analyst, the interested investors can buy the stock with strict stop loss below Rs 329.

The stock of the company, on Sep 01, closed at Rs 337.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 467 and a low of Rs 257 on BSE.

Current EPS & P/E ratio stood at 22.10 and 15.32 respectively.