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Africa has been a hushed moneymaker for India’s major drug manufacturing company Ranbaxy making around $100 million annually.

Now the company plans to invest up more funds in infrastructure and will establish a novel manufacturing plant in the continent.

At present, the company’s income from the continent amount to 7% of the company’s worldwide income. But returns from the county is cross-filing double-digit development.

As per reports, approximately one-fifth of the retail turnover is being transacted online which is low as compared to markets like South Korea and Japan having 85% and 80% of the total retail turnover is transacted over the Internet. Hong Kong and Singapore market’s net-based transactions account for only 15% of the retail turnover.

Internet trading in India has grown 100% every year during the last 5 years. Almost 45% of the total retail trading is expected through the online network.

The Internet seems like the biggest leveler, enabler and differentiator as the broking industry will split into two parts where one would like to call itself wealth management providers while others will concentrate on the high volume business by providing lower charges.

The 30-share index opened flat at 14,129.89 and then lost its power and started trading negatively. In the mid-noon trades, the index continued to trade in a negative zone and closed lower. Stocks from oil & gas, automobile and metal led the declines.
In contrast, Asian stocks heaved after increase in metals prices that pushed metal stocks towards the upward direction and US productivity data exhibited better-than-expected growth.
The BSE Sensex ended the day at 13,934.27, after losing 143.94 points while Nifty closed at 4,117.35, down 33.5 points.
Out of the total 2,667 shares, 1,130 boosted, 1,453 turned down while 84 remained on their previous places.

After opening sturdily at 13,987.77, the stock market continued to trade optimistically on the back of Asian market that climbed up to their weekly highs.
Then, in the afternoon trades, the stock index continued its volatility and touched a high of 14,082.26, and lastly ended on a firm note. The stocks, which led the advancements, include auto, cement and metal.
Likewise, Asian stocks mounted Thursday on profits viewpoint that advanced sureness in investors and as Korea Electric Power Corp. reported better than expected earnings. In addition, United Microelectronics Corp. also reported elevated earnings.

After opening optimistically at 13,886.71, the 30-share index
continues to trade in the positive zone. Select stocks from cement,
banking, automobile and pharmaceutical led the progressions while IT
stocks turned down.

According to Ashwin Gada, broker, Networth Stock Broking told that
the market is likely to be a little explosive for coming two three
days. He added that the share index may further reject 50--100 points
today and the Nifty may subsequently descend to 4080 level.

Sensex experienced 1,182 advancements as against 802 declinations whereas 77 remained unchanged.

Among the sectoral indices, BSE Bankex arose 0.76%, BSE Auto
ascended 0.41%, BSE IT rejected 0.33% and BSE Metal climbed up 1.35%.

Jindal Saw has reached a 52-week high of Rs 683. At 10:30 am, the share is quoting at Rs 673, up Rs 47.35, or 7.57%.

Today, the company is trading with volumes of 24,181 shares. The share price gained 3.58% or Rs 21.60 at Rs 625.65 on yesterday’s close.

Jindal Saw Ltd. is India’s first company to fabricate Submerged Arc Welded (SAW) pipes. It is among the main manufacturers of SAW pipes that find application in the energy segment for oil and gas transportation.

IFCI is always an outperformer and a favourite stock. Technical analyst Sudarshan Sukhani said that it is a good time to buy the stock in order to make healthier gains in the coming days.

Mr. Sukhani narrated, “Reliance Capital is a dream again for those who held on. I sold off my shares in the last few days. IFCI all of us are saying will come down, that doesn’t mean anything the stock is not coming down, it is consolidating, building a base and it is now ripe for a big upmove. The final target, which people talk about Rs 70 or something could well, is in sight, so IFCI is a stock that people should be looking to buy.”

Today, in early trade (10:23 am) Rico Auto is quoting at Rs 44.50, up Rs 4.45, or 11.11%. It has also touched an intraday high pressure of Rs 45.75 and an intraday low of Rs 41.45.

The company is trading with volumes of 73,235 shares. Yesterday, the company’s share closed weakly after losing 0.25% at Rs 40.05.

The Company's prime functioning is carried out through aluminum foundry and ferrous foundry. Its key products include automotive components, hubs, wheels, accessories, castors, brake, clutches and clutch parts, disc brake, drum brake and fluid fly wheel.

Today, Mudra Lifestyle has touched an intraday high of Rs 73.60 and an intraday low of Rs 67.60. At 10:34 am, it is quoting at Rs 72.35, up Rs 4.85, or 7.19%.
The company’s trading volume is 1,77,264 shares. Yesterday, the share closed after achieving 3.05% or Rs 2 at Rs 67.50.
Started its operations in 1986, Mudra Group is in the textile industry having facilities for fabrics & garments manufacturing, processing, design development and sampling. The company makes up fabrics and garments for domestic as well as export market.

Reliance stock has still lot of steam left to take it to levels higher than 2000. Recently, the company has been a re-rating and analysts have a more optimistic view on Reliance.

Technical Analyst, Ashwani Gujral is also suggesting Reliance Industries as it may go up to Rs 2000. Anyone wants to make good profit should buy Reliance at lower levels, as it will soon reach to a new high.

Technical Analyst, Ashwani Gujral is of the opinion that beyond Rs 120, Development Credit Bank (DCB) will surely touch Rs 150.

Mr. Ashwani Gujral stated that UTI Bank and Kotak Mahindra Bank have been favorite stocks for a long time. Now Kotak Mahindra Bank is set for levels of around Rs 650. UTI Bank is plausibly headed in the direction of Rs 800.

According to Investment Consultant Sanjay Chabria, one should wait for some more time to get a return of 40-50% from current levels in RSWM. The company has good business model, and once the value of this stock starts moving up, it will cross Rs 130 without any problem.

Chabria stated, “Rajasthan Spinning new name is RSWM. It is part of the LNJ Bhilwara Group, it’s the leading manufacturer of synthetic yarn and fabrics in the country. The company has a well-established fabric brand Mayur Suiting in the domestic market. The company is undergoing a capacity expansion plan under which it will be investing Rs 900 crore for all its capex plans till FY2009.”

Canara Bank has topped the gainers list on Bombay Stock Exchange (BSE). The stock profited on continuous market vibrations that it is eyeballing another state run banking institution, Dena Bank. The total asset size of Canara Bank stood at nearly Rs 153400 crore, five times Dena bank’s asset book.

Sterlite Industries followed the same path as Canara Bank and advanced 7.98% to Rs 604.60 and came second among ‘A’ group performers. The stock boosted after its American depository shares attained a strong debut on the NYSE.

On market talk of a share buyback, Blue Dart Express zoomed 13.70% to Rs 794.75. The share price had beaten a high pressure of Rs 799.90 that is also its 52-week high, and a low of Rs 633 during the day thus far.
The company’s 2.65 lakh shares were traded on Bombay Stock exchange. In the past one quarter, the scrip had an average daily volume of just 6,011 shares on BSE.
The Blue Dart Express scrip had made 54.40% to Rs 699 on 19 June 2007 over the past one month. It appended 60.37% to Rs 699 within the past three months. The scrip had also touched a 52-week low of Rs 405 on 20 June 2006.

On its plans to mull over bonus issue, Suraj Stainless climbed up 5% to Rs 337.50. The share price touched a high of Rs 337.50 and a low of Rs 333.20.

Nearly, 13,322 shares were traded on the BSE. The scrip clocked a standard daily volume of 15,571 shares in the past one quarter. On 5 June 2007, the company’s share price turned down from Rs 292.95 to Rs 276.30 on 7 June 2007. It rose since then to reach a high of Rs 321.45 on 19 June 2007.

After market hours on Tuesday, 19 June 2007, the company declared that it would think about bonus shares issue in a board meeting on 26 June 2007.

After annunciating that it had received USFDA nod for antibiotic Cefprozil tablets, Wockhardt shares climbed up to Rs 395.10.

The shares touched a high of Rs 399 and a low of Rs 391.85 during the day. About 50486 shares were traded on BSE. In the last one quarter, the scrip had an average daily volume of 33,390 shares.

On third day of Ankit Metal & Power IPO, the issue was subscribed for just 0.25 times. The initial public offering (IPO) got total biddings for 24.03 lakh shares from entire issue size of 95.90 lakh shares.

Foreign Institutional Investors (FIIs) bid for 11.10 lakh shares. Domestic Financial Institutions and Mutual Funds made no biddings.

On the other hand, Non Institutional Investors bid for 11.10 lakh shares. The retail investors bid for 1.82 lakh shares, out of which 1.52 lakh share were bid at shortcut rate and 29,070 shares were bid at price.

Ankit Metal and Power Limited is a Kolkatta based company that makes steel billets, re-rolled products and sponge iron. This is a 5 year old company endorses by Mr. Suresh Patni.

The Nifty June 2007 futures settled at 4242, a discount of 6.65 as against spot closing of 4248.65
In the past fe sessions, the overall proceeds on NSE’s F&O division has been gaining ground. Today, it came up to Rs 41,733.11 crore than Rs 37,415.18 crore on 19 June 2007.

The Nifty July 2007 futures settled at 4235.10, a discount of 13.55 as compared to spot closing of 4248.65
SBI June 2007 futures settled at a premium, at 1435, compared to the spot closing of Rs 1428.25.
Reliance Capital June 2007 futures settled at a premium, at 1112.90, compared to the spot closing of Rs 1111.

Ranbaxy Laboratories gained ground after declaring it got an approval to make and sell Amlodipine Besylate in the United States. Its share price bobbed up 1.82% to Rs 358.25.
The shared price had reached a high of Rs 358.40 and a low of Rs 353.95 during the day. In the last one quarter, the company’s scrip had an average daily volume of 2.71 lakh shares on BSE.
At present level of Rs 358.25, the stock trades at a PE multiple of 26.14 based on its Q1 March 2007 annualized earning per share (EPS) of Rs 13.7.

Reliance Industries stock is attracting investment support for the value gains linked to its strong position. Technical Analyst, Sudarshan Sukhani has advised stock holders to hold Reliance Industries to see 2000 near the Q1 results time.

Sterlite Industries India bobbed up 4.89% to Rs 587.30 after its American depositary shares made a substantial debut on the NYSE. During the day, the scrip had touched a high of Rs 596.80 and a low of Rs 572.

On Bombay Stock Exchange, nearly 8.65 lakh shares were traded on the counter. In the preceding one quarter, the average daily volume in the stock was 2.53 lakh shares.

On 19 June 2007, the Sterlite Industries scrip had climbed up 2.84% to Rs 559.90, after it had received sanction for listing of its IPO of 130.44 million American Depositary Shares.

Brokerage firm, Indiabulls Financial Services, denied media reports hinting their participation in any fake trading or price fixing in the futures & options (F&O) segment.

According to a company release that Indiabulls Securities or any of its group companies have not been concerned in any counterfeit trading or price fixing in F&O division and have not traded directly or indirectly on its own account in the 23 trades on the F&O segment as mentioned in the SEBI order.

Cadila Healthcare’s stock jumped 4.76% to Rs 363.30 on the BSE on a plan to raise $100 million from foreign markets. The scrip had touched a high peak of Rs 364.50 and a low of Rs 345.

During the last month, the company’s share price had soared in the range of Rs 320-Rs 335. On 15 June 2007, it climbed from Rs 332.80 on 8 June 2007 to Rs 346.80.

The company's board has sanctioned a plan to issue foreign currency convertible bonds (FCCBs) or such other instruments with green shoe option for this purpose

Voltas was showing huge interest among traders with the highest volume on the stock exchange (76.15 lakh shares). Its share price climbed up 15.17% to Rs 111.25. In its last quarter, the compay made healthier gains. Its net profit climbed 405.27% to Rs 119.90 crore, while sales rose 40.36% to Rs 721.35 crore. On 22 March 2007, it sold its complete stake in Simtools for Rs 78.44 crore to Lodha Developers.

GV Films showed the second highest volume of 75.64 lakh shares on BSE. The share price arose 4.95% to Rs 10.39. On 18th June 2007, GV Films announced that it will think about the demerger of the company in three different sections. The company

The BSE Mid-Cap Index climbed up 33.74 points, or 0.53%, to close the day at 6,373.76. It also touched its lifetime peak of 6,397.15 during the day.

IVRCL Infrastructure (up 1.71% to 367.75), Amtek Auto (up 1.57% to Rs 420.75) and Great Eastern Shipping Company (3.68% to Rs323.65) were the main components contributing to the index's heave.

IVRCL Infrastructure, Divi’s Lab (which was down), Amtek Auto and Great Eastern Shipping Company have weightages of 1.58%, 1.44%, 1.41% and 1.36% respectively, in the BSE Mid-Cap Index.

In early hours, EIH gained 3.10% to Rs 104.60 as a big block deal executed at Rs 102 per share on Bombay Stock Exchange.

The company’s share price touched a highest peak of Rs 105 and a low of Rs 100.95 during the day. On 13 September 2006, the scrip has had its 52-week high of Rs 127.

The block deal was of 19 lakh shares and was struck today. The overall volume was 19.58 lakh shares and the average daily volume in the stock was 50,051 shares in the past one quarter.

Grindwell Norton Ltd has declared that the Company has formed a Joint Venture group in Bhutan in affiliation with the Singye Group of Bhutan.

The joint venture information bobbed up Grindwell in early trading (10:55 am) at Rs 152, up 2.22% on BSE. It also touched an intraday high of Rs 155 and an intraday low of Rs 152 during the day.

Today, 10,997 shares were traded on the counter. During the past one quarter, the average daily volume in the stock was 20,903 shares on BSE.

Lengthening its current rally on continued buying, Bharat Heavy Electricals gained 2.75% to Rs 1,470.75 on BSE.

The scrip's high record during the day was Rs 1,474.40 and low Rs 1,435. The existing market price of Rs 1,470.75 brushes off its earning per share of Rs 49.32 for the year ended March 2007 by a PE multiple of 29.82.

Today, nearly 1.33 lakh shares were traded on the counter. The standard daily volume in the stock was 1.35 lakh shares during in the last one quarter.

IFCI topped the volume charts on BSE with 89.56 lakh shares. However, its share price dipped 1.41% to Rs 49.05. The derivative contracts in the underlying IFCI have crossed 95% of the market-wide position boundary and it is presently in the ban period.

On the back of strong demand, Cement scrips were making recoveries from their previous losses. On Friday, India Cements climbed up 0.83% to Rs 188.10. ACC passed up 0.5% to Rs 851, Ambuja Cements rejected 2.64% to Rs 116.25, Ultratech cement turned down 2% to Rs 819.95 and Birla Corp slumped 4.44% to Rs 244.15.

Hindalco Industries is a on a constant uptrend, with increase in the share price headed by market anticipations that supporters may acquire shares from the open market to ward off a takeover.

The stock had gush forth on deep volumes early this month. It has been on a continued increase since then amid irregular heave in daily trading volumes. In the past one month to 22 June 2007, the stock went up 18.38% to Rs 170, as against 1.75% rise in Sensex. The stock exceeded the stock market in the last three months period also, ascending 25.4% verses 8.89% rise in Sensex.

FDC scrip topped gainers’ list in BSE's ‘A’ group shares. FDC
spurted 7.87% to Rs 34.25. The stock climbed on buying prior to its Q4
March 2007 and FY 2007 results on Tuesday, 26 June 2007. The other
gainers in the list include Gesco, Sun TV, IDFC and REL.

In Q3 December 2006, FDC’s net profit came down 19.3% to Rs 0.96
crore as compared to Rs 3.46 crore in Q3 December 2005. Sales climbed
up 26.9% to Rs 112.54 crore in Q3 December 2006 (Rs 88.70 crore).

Larsen & Toubro benefited 2.86% to Rs 2,168 after it made declaration of a board meeting on 3 July 2007 to think about a special dividend for FY 2008. During the day, the scrip hit a high of Rs 2,189.40, which is its all-time high price. Its low during the day was Rs 2,097.

Today, there were 2.47 lakh shares on the counter. In the last one quarter, the average daily volume was 2.11 lakh shares on BSE.
The existing market price of Rs 2,168 brushes off the company’s earning per share of Rs 46.9 for the year ended March 2007 by a PE multiple of 46.22.

ICICI Bank was trading flat at Rs 947.55 as its plan to sell a 5.9 per cent stake in a subsidiary has failed to obtain the government's nod.

During the day, the scrip touched a high of Rs 960 and a low of Rs 940. The current market price of Rs 947.55 brushes off its FY 2007 EPS of Rs 30.7, by a PE multiple of 30.86.

To an all-time high closing, the BSE Capital Goods Index climbed up 132.05 points or 1.13% to 11,830.08. The index ascended by a vigorous 30 per cent in the first six months of this year (Jan-Jun 22), beating up all other sectoral and benchmark exponents in the same period by a big margin.

L&T was the major gainer in the sector and its shares climbed by more than 50 per cent from Rs 1,400 to Rs 2,107 this year. BHEL was trading at Rs 1,440.15 and ABB rise dramatically by almost 27 per cent from Rs 3,735 to Rs 4,730.70.

In early trade, Kajaria Ceramics is quoting at Rs 35.70, up Rs 3, or 9.17%. It touched an intraday high of Rs 35.95 and an intraday low of Rs 32.70.

It is trading with volumes of 3,56,114 shares, compared to its five-day average of 1,53,640 shares, an increase of 131.78%. The share remained up 20% or Rs 5.45 at Rs 32.70 on yesterday’s closure.

Kajaria ceramics ltd is the foremost producer of ceramic wall and floor tiles in India. It is the only ceramic tile making business to achieve ‘Superbrand’ rank in India.

Jai Parabolic Springs Ltd. climbed up by its maximum daily limit of 5 percent to 29.50 rupees as the board okayed its merger deal with Jamna Auto Industries. The company made the declaration in trading hours. The scrip had touched its intraday low of Rs 28 during the day.
Today, about 16,712 shares were traded in the scrip. In the past one quarter, the stock had an average daily volume of 11,212 shares. At its existing price of Rs 29.50, the scrip trades at a PE multiple of 10.13, based on year ended March 2007 EPS of Rs 2.91.

BSE Consumer Durables closed at its all-time high of 4,216 after gaining 52.71 points, or 1.27%.

The index also hit a peak of 4,261.51 during the day.

The components taking the index to achieve its all-time high were Titan Industries, which climbed up 3.92% to Rs 1329.40, Rajesh Exports that arose 0.13% to Rs 525.85, Gitanjali Gems benefited 0.37% to Rs 204.20 and Lloyd Electric gained 3.92% to Rs1329.40.

In BSE Consumer Durable index, Titan Industries, Rajesh Exports, Gitanjali Gems and Lloyd Electric showed high weightages of 34.01%, 8.14%, 5.03% and 4.03%, correspondingly.

Mumbai: On rapid buying by funds in heavy-weight stocks led by cement sector, the BSE Sensex soared by more than 105 points in early trade. Select stocks from cement, banking, telecom and pharma traded strong while auto stocks led the declines.
The BSE-30 share index, Sensex, which had vanished more than 70 points on yesterday’s closing, rise dramatically by 105.98 points at 14,537.04 in the first five minutes of trading. In the same way, the wide-based National Stock Exchange's index Nifty shot up by 42.45 points at 4,291.40.

Today, Nirma Ltd touched a low of Rs 181 after the soaps and detergents maker posted an unaudited net loss of Rs 93.45 crore for the March quarter.
For the year-ago quarter, the company had recorded a net profit of 95.17 crore on an unaudited basis. The shares are now trading 3.5 per cent lower at Rs 186.55.

In afternoon trade, Suraj Stainless jumped 1.54% to Rs 366.25 after its directors suggested a liberal 2:1 bonus. The company made this declaration during the trading hours.

During the day, the scrip touched an intraday high of Rs 374 and an intraday low of Rs 342.70. There were 2.26 lakh shares for trading on the BSE. During the past one quarter, the scrip has an average daily volume of 18,039. At its existing rate of Rs 366.25, the scrip trades at a PE multiple of 20.80 that is based on its year ended March 2007 EPS of Rs 17.60.

The BSE Mid-Cap Index has made fresh all-time highs during this intermediate uptrend. It augmented 33.71 points, or 0.53%, to end at 6,417.90. It also hit a record high of 6435.32 during the day.
The components taking the BSE Mid-Cap Index to an upper rank include Entertainment Network, which increased 20% to Rs 506.60, Novartis India gained 14.42% to Rs 398.30, Honeywell Automation boosted 9.81% to Rs 2060, Lakshmi Energy benefited 9.19% and Titan Industries attained 8.78%. But all these stocks have less than 1% weightage each in the BSE Mid-Cap index.
With the second highest weightage of 1.4% in the BSE Mid-Cap index, GE shipping Company cast off 3.45% to Rs 335.90.

Novartis India was the top gainer from A group shares on BSE today. It soared up 14.42% to Rs 398.30. Titan Industries, GMDC, GMR Infrastructure and RPL are among the other gainers.
In the year ended March 2007, the company’s net profit slumped 17.93% to Rs 88.55 crore as compared to Rs 107.89 crore in March 2006. The total sales mounted 3.10% to Rs 542.24 crore in the year ended March 2007 versus Rs 525.92 crore in its corresponding period, last year. The company announced the FY 2007 results on 11 May 2007.

The stock market (BSE) has followed the same volatile pattern once more. It remains strong throughout the week, and analysts have suggested a strong resistance level at 14595.
The support for the Sensex is at 14425, and the resistance to the up move at 14526-14540-14584-14594. On the other hand, the support for the Nifty is at 4236 and resistance to the up move at 4286-4290-4322.
According to Ashwani Gujral the Nifty would trade in a higher place at 4,300, before any major rectification kicks in.

Today, AIA Engineering has touched its 52-week high of Rs 1,718. At 12:31 pm, the share is trading at Rs 1,685.50, up Rs 83.95, or 5.24%.
The scrip is trading with volumes of 95,302 shares. Yesterday the share closed after gaining 0.20% or Rs 3.20 at Rs 1,601.55.

Continuing its recent rise, Reliance Petroleum gained 3.26% to Rs 112.60 in afternoon trading.

Today, the scrip had touched its all-time high of Rs 112.50. It hit a low of Rs 109.30 during the day thus far. It has had its 52-week low was Rs 51 on 25 July 2006.

There were 55.22 lakh shares for trading on the BSE counter. In the past one quarter, the normal daily volume in the stock was 33.94 lakh shares on BSE.

After turning ex-dividend, Bajaj Auto lost 1.61% to Rs 2,095 in afternoon trading. The company announced a dividend of RS 40 a share of face value Rs 10 in May 2007.

During the day, the scrip touched an intraday high of Rs 2,133, and an intraday low of Rs 2,088. There were 37,418 shares on the counter. It had an average daily volume of 1.20 lakh shares on BSE in the last one quarter.

At the existing price of Rs 2,095, the scrip trades at a PE multiple of 17.13, which is based on year ended March 2007 earning per share of Rs 122.27.

Today, the stock markets have seen their All Time High and i am sure that the India Growth Story will continue in year 2007.

What do you guys think about the future of stock markets?

In early trades, Sun TV Network climbed 5.41% to Rs 1,610 on recording a 310.9% increase in net profit in Q4 March 2007. The results were declared after market hours on Thursday 28 June 2007.

The scrip touched a high of Rs 1,641 and a low of Rs 1,545 during the day. Its 52-week high was Rs 1,849 on 8 February 2007 and 52-week low Rs 950 on 28 June 2006. Strong Q4 results lets sun TV shines brightly.

Sun TV Network’s share price ascended from Rs 1,322.15 on 8 June 2007 to Rs 1,620.85 on 26 June 2007. The stock had slumped since then to Rs 1,527.35 on 28 June 2007.

Glenmark Pharmaceuticals climbed up 1.05% to Rs 430.50 after getting final approval from the US Food and Drug Administration for its abbreviated novel drug applications.

The scrip touched an intraday high of Rs 668 and an intraday low of Rs 648.10 during the day. On June 2007, it touched a 52-week high of Rs 735 and a 52-week low of Rs 265.50 on 28 June 2006.

There were over 1.14 lakh shares for trading on the BSE counter. In the last one quarter, the average daily volume in the stock was 2.03 lakh shares. The scrip turned down from Rs 680.60 on 15 June 2007 to Rs 650.70 on 28 June 2007.

Torrent Pharma ascended 6.61% to Rs 257.95 and topped gainers in BSE’s ‘A’ group shares. The other gainers in the list were ABB, LIC Housing Finance, Reliance Energy and GMR Infrastructure.
Freshly, Torrent Pharma Ahmedabad based healthcare company had instigated Rimonabant, which is an anti-obesity molecule, for the first time in India under the trade name Rimoslim. The drug aims many cardio-metabolic risk factors that can lead to obesity, type 2 diabetes or dyslipidaemia.

In afternoon trade, IFB Industries beat the upper route of 20% at Rs 27.65 on reporting a 1,143.27% increase in net profit in Q4 March 2007. The final results were declared during the market hours.
During the day, the scrip touched an intraday high of Rs 27.65 and an intraday low of Rs 26. On 3 November, it touched a 52-week high of Rs 29.95 and a 52-week low of Rs 14.50 on 4 April 2007.
The IFB Industries scrip gained 32.47% over the last one month to 29 June 2007 as compared to the Sensex’s return of 0.73%. Over the last one quarter, the company outperformed the market gaining 34.40% as compared to the Sensex’s admiration of 12.07%.

Today, the BSE Sensex opened healthily at 14,720, continuing its upward trend to touch a record high of 14,790.87. The stocks from banking, auto, and IT led the advances.
On the other hand, Asian markets also opened higher after a rise in the metal and crude prices. The increase was further affected by a report that mulled an upward drift in the constructing activity in USA and Europe.

Vishal Retail Pvt. Ltd. issue was over subscribed many times as there was lot of interest by small investors in company. A very people have got the allotment for the share and the listing price has been really high.

What do you think ?

Should one enter the stock at these levels ? Its almost 178 % higher than issue price already.

I made an application in public issue, but didn't get any shares.

Textile company, Himatsingka Seide came up 4.28% to Rs 122.95 in early trade on adopting 80% stake in US-based Divatex Home Fashions Inc.

The company’s share price hit an intraday peak of Rs 131.80 and an intraday low of Rs 123 during the day. The scrip touched its 52-week high of Rs 150 on 29 January 2007 and a 52-week low of Rs 86 on 24 July 2006.

BSE's banking share index ‘Bankex’ had surged 153.28 points, or 1.92%, to 8,143.76 in noon trades on anticipations that interest rates may diminish because of lower inflation.
The existing level is a record high for the Bankex. It also hit a low of 8,019.66 during the day. On 19 July 2006, the Bankex had touched a 52-week low of 4,032.39.
State Bank of India (SBI) boosted 3.21% to Rs 1580, ICICI Bank 1.64% to Rs 966.25, HDFC Bank 0.34% to Rs 1150, Bank of India 0.26% to Rs 228.20, Punjab National Bank (PNB) 2.55% to Rs 541.80.
On the other hand, ICICI Bank, State Bank of India and HDFC bank showed weightages of 40.36%, 17.12% and 13.83%, correspondingly, in the Bankex.

After arriving at its all-time high, IDFC was trading flat at Rs 133.60 ahead of its plans to raise about $500 million through qualified institutional placement.
Today, the share price touched a high price of Rs 135.80. Its lowest peak during the day was Rs 132.2. On 24 July 2006, it had touched its 52-week low of Rs 43.35.
As against the Sensex’s return of 0.64%, the Infrastructure Development Finance Company (IDFC) scrip declined 16.07% over the last one month to 2 July 2007. The scrip had outperformed the market over the past quarter, making 71.17% compared to the Sensex’s augmentation of 16.16%.

Technical Analyst, Vijay Bhambwani is of the view that one
should hold State Bank of India (SBI) stock as it can add another Rs 60-70
within the coming days.

SBI has been a great mover and shaker. It is good for
another Rs 60-70 before some quantity of profit taking can enter.

The 30-share BSE Sensex opened strongly at 14,868.14, and marched ahead to touch a record high of 14,906.93. Currently, it is trading in the positive.

The stocks from pharma led the advancements even as auto and banking sectors traded in mixed.
On the other hand, Asian markets also opened higher for the fifth consecutive day. The stocks climbed after a report indicated that the factory order decline in US is less than the expected, thus giving a boost to the stocks of Asian exporters.

According to Vishwas Agarwal, if Reliance Industries holds 1,710 level, a bombastic rally can be seen in the market.

Four cement majors climbed from 0.69% to 4.87% on reports that cement firms were boosting prices by Rs 3-Rs 5 per 50 kilogram bag across India effective today.

Ambuja Cements gained 3.90% to Rs 129.25, ACC 4.87% to Rs 984, Grasim Industries 0.69% to Rs 2723, and UltraTech Cement 3.47% to Rs 914.95. In addition to price increase, ACC’s strong dispatches in June 2007 just gone by aided the rally.

After opening the day sturdily at 14,932.53, the BSE Sensex further touched a record high of 14,963.26 in the morning trades. It is on the way to the 15,000 mark. Stocks from auto, banking and cement led the advancements in the market.

In the initial sessions of trade, Asian stocks opened high after an increase was reported in the demand of computer chips and metals; joined by the growth in the metal prices that accordingly raised investors’ trust.

Today, ACC climbed 8.98% to Rs 1022.55 and it topped the gainers list in BSE’s ‘A’ group shares. ACC’s cement dispatches stood at 17 lakh tonnes in June 2007, up 9.67% as compared to 15.5 lakh tonnes in the same period, last year. It made 17 lakh tonnes of cement compared to 15.3 lakh tonnes last year, a rise of 11%.

Today, the cement shares soared on reports that cement companies have increased prices by Rs 3-Rs 5 per 50-kilogram bag across India effective today, 4 July 2007.

Kolkata-based cement manufacturer, Binani Cement has announced its quarterly results for the quarter ended June 30, 2007. It recorded net earnings of Rs 506.7 million on sales of Rs 1,956.2 million.

The company posted total income of Rs 1,974.1 million for the quarter, whereas its earning per share (EPS) stood at Rs 2.49.

It entered the capital markets in May 2007 with an initial public offering (IPO) of 20.5 million shares in the price band of Rs 75 to Rs 85 a share.

The share price of the company closed up Rs 2.55, or 3.80%, at Rs 69.60. The total volume of shares traded during the day stood at 363,178.

In early trade, Dabur Pharma was trading up 1.51% to Rs 77.50 after 50 lakh shares changed hands in a single block deal at Rs 76 each on NSE.

The block deal of 50 lakh shares comprised 3.19% of Dabur Pharma's equity. The company has the equity capital of Rs 15.67 crore, with 15.97 crore outstanding shares having face values of Rs 1 each.

In spite of its lackluster debut, DLF has got into the group of top 10 market-cap companies.

In early trade, DLF’s market capitalization was Rs 93719.71 crore. Ahead of ICICI Bank and State Bank of India (SBI), DLF emerges as the eight biggest Indian companies in terms of market capitalization.

DLF has also become the first realty business firm to enter the list of top 10 market-cap companies.

lifted 2.44% to Rs 765 in afternoon trades on improved buying earlier than its entry into the BSE Sensex from 9 July 2007.

The scrip hit an intraday high of Rs 766 and an intraday low of Rs 747 during the day. On 16 January 2007, it touched a 52-week high of Rs 1002 and a 52-week low of Rs 495.10 on 24 July 2006.

As against the Sensex’ return of 2.38%, the Mahindra & Mahindra (M&M) stock slumped 0.81% over the last one month to 4 July 2007. The scrip had underperformed the market over the past quarter, benefiting 4.65% compared to the Sensex’s rise of 15.74%.

Balaji Telefilms was trading on an upper place after benefiting 3.79% to Rs 231.55 as its 10 lakh shares moved in a single block deal at Rs 229.75 per share on NSE.

The scrip touched an intraday high of Rs 233.95 and an intraday low of Rs 221.50 during the day. On 22 May 2007, the stock hit a 52-week high of Rs 263 and a 52-week low of Rs 102 on 24 July 2006.

The BSE 30-share Sensex penetrated the sensitively important 15,000 mark during the afternoon trades.

At 13:36 IST, the Sensex was 74 points to 14,936. The benchmark index came across an all-time high of 15,007.22 at 13:21 IST

The Sensex took seven months to cover up this level from 14,000 to 15,000. On December 2006, the stock index hit 14,000 mark for the first time. On the contrary, it had taken just 26 trading sessions to reach the 14,000 level after it had first struck the 13,000 mark on 30 October 2006.

After hitting a new historical mark of 15,007.22, the BSE Sensex, finally settled at 14,964.12 after gaining 102.23 points, whereas the broad based NSE Nifty ended the day at 4,384.85, up 30.9 points.

After opening negatively at 14,843.43, the BSE benchmark index continued to trade strongly for the whole day. The stock index touched the psychological level of 15,000 because of continued buying interest seen in index pivotals. Lastly it finished on a cheerful note. The selected stocks from IT, cement, auto and pharma were in the public interest.

appended 2.48% to Rs 936 during the afternoon trades accompanying its property sale at Gurgaon, India, for Rs 72.75 crore.

The scrip’s intraday high was Rs 950 and low Rs 930 during the day.

The scrip had 2,063 shares for trading on the BSE counter. In the last four month period, the scrip had an average daily volume of 1,468 shares.

Dipan Mehta, Member, BSE/NSE is of the view that realty segment is likely to do something to a greater degree.

After touching a new high at the opening time on Thursday, the BSE Sensex closed the session at 14,861.89 after losing 18.35 points, whereas the broad based NSE Nifty ended the day at 4,353.95, down by marginal 5.35 points.

Vishwas Agarwal said the stock market once again broke down to reach the psychological 15,000 mark. Conservative buying and selling of stocks could take place in the nest trading session, but the same is likely to carry on.

Mr. Agarwal added that markets still are in bulls grip.

Simplex Projects Ltd, Construction Company is reported to hit the capital market on July 10 with its Initial Public Offer to raise up to Rs 55 crore to fund the taking over of plant and machinery and meet the working capital requirement.

According to the company officials, the company offers to issue 30 lakh equity shares of Rs 10 each through 100 % book building process. Fixing the price at Rs 170-185 per share, Simplex would raise 51 crore at lower end of the band. The issue will close on July 13.

The BSE Sensex made 313.61 points during last week. The Sensex touched the highest level of 15,000. The stock index took up 146 days to cover up the journey from 14,000 to 15,000. This was the longest period ever to breach 1,000 points. Strong inflows from FIIs, healthy economic development and remarkable corporate profits were considered as the chief drivers.

New Delhi: Tyre major JK Tyre is planning to invest Rs 1,100 crore over the next three years to expand its production capacity as it sees its revenues crossing Rs 5,000 crore marks by then.

JK Tyre and Industries Finance Director A. K. Kinra stated, “To meet the increased demand for radial and off the road (OTR) tyres, we will invest Rs 1,100 crore in expanding our production capacity by 2010.”

He added that the company would fund the growth plans through a mix of debt and internal accruals.

The 30-share BSE Sensex continues to trade firm after opening positively at 15,018.71. It touched a high of 15,075.30. The stocks from IT and auto led the advances.

Asian markets boosted in the early trading sessions on signs of rising economic growth in Japan and South Korea and also because of the increase in the prices of oil.

Today, the shares of Mumbai-based construction company Roman Tarmat listed (July 9) on the NSE and the BSE.

Shares of the company opened up at a premium of Rs 120.00, or 68.57%, at Rs 295.00, greater than the issue price of Rs 175.00, at the Bombay Stock Exchange. The overall volume of shares traded was 1,667,036.

Akruti Nirman has announced its fourth quarter results. The company has recorded net profit of Rs 57.18 crore for its fourth quarter ended June 30, 2007, as against Rs 571.8 million in the corresponding period of the last year.

The company posted net sales of Rs 92.68 crore as compared to Rs 926.8 million in the same period of the last year..

Stone India ascended 5.95% to Rs 188.90 on getting orders from Indian Railways for supplying 5 sets of static converters. This is a high value solid state product to be provided under partnership with SMA Technologies AG, Germany.

The scrip hit an intraday high of Rs 199.85 and an intraday low of Rs 180 during the day. On 29 August 2006, it touched a 52-week high of Rs 278.80 and a 52-week low of Rs 104.30 on 30 April 2007.

Birla Kennametal, Zenith Birla and Birla Power Solution were up 5% to 8% on reports that the Yash Birla Group has determined to reorganize group firms as part of a plan to modernize operations.

Birla Kennametal gained 4.99% to Rs 401.90, Zenith Birla up 8.26% to Rs 39.30, Birla power Solution gained 6.23% to Rs 34.10 and Dagger-Forst climbed 4.95% to Rs 51.90.

The stock market broadened and saw new peaks as projected and creating history by reaching the historical 15000 mark.

Now the market is trading in blue sky territory. Technically the tendency is still unbroken and there is no symbol of failing though the stock market is in a extended terrain. The other logical technical target in the days to come is 15379.

Mumbai: Tech stocks became more potent earlier than Infosys results on Wednesday. Fresh buying was seen in Infosys, Satyam, Wipro and Tata Consultancy and this is expected to carry on for a moment.

In early trading, Infosys was up 1.30 per cent to Rs 1,997.79, Satyam benefited 1.25 per cent to Rs 494 and TCS was up 0.80 per cent to Rs 1,168.15 on the NSE.

The Oswal Group flagship firm Vardhman Polytex announced that the company will raise 10 million dollars through the issue of Foreign Currency Convertible Bonds (FCCBs) in overseas market.

The BSE Sensex or Bombay Stock Exchange Sensitive Index, or more popularly SENSEX surged by over 60 points to scale yet another high of 15,106.25 points in early trade today on sustained buying by funds in heavy-weight stocks.

Closed at 15,045.73 gaining over 81 points yesterday, The BSE-30 share Sensex gathered another 60.52 points to rise to the record intra-session high of 15,106.73 in the first five minutes of trading.

Technical Analyst, Ashwani Gujral is of the view that Reliance Energy can touch Rs 720.

Mr. Gujral said that Tata Power and Reliance Energy are the strongest options. Reliance Energy beyond Rs 580 is poised to go up to Rs 720 and for Tata Power, Rs 620 is a key level that should probably be headed in the direction of Rs 750-760.

“I think some rub off from the capital goods space, those electrical equipment stocks is now rubbing off even to the energy stocks,” He added.

Vertex Spinning climbed up 5.51% to Rs 20.10 in afternoon trading after the company declared that Syndicate Bank had finished evaluation of its planned Rs 512 crore cotton spinning project in Maharashtra. The company made the declaration after the trading hours.

Mumbai: Tracking feeble worldwide markets, the benchmark Sensex plunged below 15,000 mark level by receding more than 180 points in early trading on the BSE.

Yesterday, the BSE-30 share Sensex missed 35.85 points. Today, it dunked 180.33 points to drop below 15,000 level to 14,829.55 points in the first five minutes of trading.

In the same way, on the wide-based National Stock Exchange (NSE), Nifty misplaced 51.05 points at 4,355.00 points.

Today, the BSE Sensex ended on a flat note after hitting a new high of 15,114.95. Lastly, it settled at 15,009.88 after losing 35.85 points, whereas the NSE Nifty ended the day at 4,406.05, down 13.35 points.

After opening at 15,100.13 in the morning trade, the BSE Sensex continued to trade solidly. Afterward it lost power and slid into the negative territory, touching a low of 14,966.40. The stocks from auto and IT were in the public interest, whereas cement stocks led the diminutions.

After making healthy opening, the BSE sensitive share index traded in a rangebound mode for most part of the day. Later on, the Sensex attained additional strength as continued buying interest was seen in index pivotals, lastly to end the day on a sturdy note. The stocks from banking, auto and telecom were in the public interest, whereas cement and IT stocks led the declines.

Mukand climbed up 4.89% to Rs 88 in early trading on media reports that existing managing director Niraj Bajaj may put back Rahul Bajaj as chairman in the steel company.

Reports advocate that Bajaj Group is also thinking over to increase stake in Mukand.

The scrip touched an intraday high of Rs 92 and an intraday low of Rs 85.30 during the day. On BSE, there were 1 lakh shares in the scrip.

In last one quarter, the daily average volume of the stock stood at 54,222 shares.

Both Indiabulls and Indiabulls Real Estate have seen a significant upmove in the recent times, but looking at the financials of both companies, both stocks may see higher valuations in the days to come.

As the real estate market had a bit of slow-down, the market players were expecting the companies to have some effect on their topline, but Indiabulls real estate has shown good numbers and the market might reward this strong performance.

Mumbai: Sensex and Nifty finished off the week at record high up. The Bombay Stock Exchange 30-share sensitive index (Sensex) closed at 15272.72, up by 180.68 points or 1.20 per cent and the NSE’s 50-share Nifty closed up 58.40 points or 1.31 per cent at 4504.55. The BSE Midcap index ended at 6795.30, up 13 points while the BSE Smallcap index closed flat at 8216.14.

ICICI Bank was trading nearly flat at Rs 968.90 at after state-owned Dubai International Capital said it had bought a 2.87% stake in India's largest private sector bank.

The news hit the market after trading hours yesterday, 12 July 2007.

The scrip touched an intraday high of Rs 990.90 and an intraday low of Rs 966 during the day. Nearly, 8.67 lakh shares had changed hands in the scrip, and recorded an average daily volume of 3.53 lakh shares in the last three months.

Tata Metaliks slumped 3.35% to Rs 143 even though net earnings boosted 45.32% in Q1 June 2007. The results were annunciated in the market hours today.

The scrip has 2.73 lakh shares for trading on the BSE counter today. In the last three months, the scrip had an average daily volume of 35,107 shares.

During the day, the scrip had hit an intraday high of Rs 152.40 and an intraday low of Rs 141.50. It had touched a 52-week high of Rs 163 on 12 July 2006 and a 52-week low of Rs 80 on 2 April 2007.

According to Bharat Thakur, assistant manager, Karvy Stock Broking the stock market is likely to lift up further on coming Monday (July 16).

He said that BSE Sensex breached 15,300 level and is expected to touch 15,500 on Monday.

According to Mr. Thakur, NDTV India and Opto Circuits are likely to trade well on Monday and holds confident view on media sector in particular.

Ashwin Gada, senior dealer, Networth Stock Broking said expects some correction to happen on Monday. Lower level buying can be done in real estate and construction companies.

The BSE Sensex made 308.60 points during the week (July 9-13), and finally it settled at 15,272.72 on Friday, whereas the NSE Nifty profited 119.70 points during the week to close at 4504.55.

On Monday (July 9), the BSE benchmark index, Sensex, opened sturdily at 15,018.71 and continued to trade strong for the whole day. Continued buying interest was seen across the board. The index, which traded in the range-bound mode during afternoon, marched forward to lastly close the day on a strong note. The BSE Sensex closed the day at 15,085.22, after making a profit of 81.61 points, whereas the broadbased NSE Nifty closed at 4,419.40, up 34.55 points.

The BSE share index opened its eyes on a positive note at 15,295.03. Later on, it slipped into depressing zone and continued to trade flat for most part of the day. It also touched an intra-day high of 15,341.38 to end the day on a positive note.

Cement stocks were in the public interest, whereas IT, pharma and banking stocks led the declines. Auto stocks displayed mixed inclination.

Indiabulls Financial Services went up 1.51% to Rs 655 after a block deal of 13.7 lakh shares was struck at Rs 655.50 per share on BSE.

The scrip touched a high of Rs 664.95 and a low of Rs 647 during the day. There were 18.06 lakh shares for trading on the counter.
In the last three months, the stock had an average daily volume of 11.22 lakh shares on BSE.

The company’s equity capital is Rs 44.55 crore, with 22.27 crore outstanding shares with a face value of Rs 2 each.

The BSE sensitive index opened up strongly at 15,357.60. It continued to trade strong supported by substantiated buying pressure in index heavyweights. But, the stock index lost its power, lastly sliding into the negative to end the day on a flat note. It touched an intra-day high of 15,440.20 and low of 15,272.46 during the day.

The stocks from cement, IT and pharma led the processions, while auto and banking sectors led the declines.

HDFC Bank diluted 0.2% to Rs 1197.15 on pricing its 6.6-million American Depository Receipts at $92.10 each.

The scrip hit a high of Rs 1,218 and a low of Rs 1,192.30 during the day. On 28 May 2007, the scrip touched a 52-week high of Rs 1,274 and a 52-week low of Rs 693.10 on 19 July 2006.

The HDFC Bank stock had developed 10.27% within the one month period to 17 July 2007 as against Sensex’s return of 8.59%. The scrip had outperformed the market over the past quarter, going down 22.41% as compared to the Sensex’s increase of 11.83%.

Today, PTC India zoomed 10.23% to Rs 98.60, expanding its surge over the past few days.

The scrip hit a high of Rs 104, which is its all-time high, and a low of Rs 90.40 during the day. It touched a 52-week low of Rs 46 on 13 December 2006.

On BSE, there were 50.4 lakh shares for trading on the counter today. During the last three months, the scrip showed an average daily volume of 2.50 lakh shares.

On an average, about 28.93 lakh shares were traded in the last four trading sessions till yesterday, 18 July 2007, when the stock arose aggressively.

Today, the 30-share BSE Sensex opened its eyes at 15,625.63. In early trades, it was trading on a sturdy note supported by strong buying interest in index heavyweights. It also touched a record high of 15,683.03. Stocks from telecom, IT, banking, cement and auto led the advancements.

According to Rahul Agarwal, Vice President, institutional sales, LKP Shares said that 15,500 was a target level. As market covered this level, it is most likely headed in the direction of 16,000 level.

Today, fertiliser scrips commanded the gainers list. Rashtriya Chemicals and Fertilisers (RCF) zoomed 20% to Rs 54.05 and lead the gainers in ‘A’ group. The company will declare Q1 June 2007 result on 25 July 2007. National Fertilizer, Exide Industries, Fertilisers & Chemicals Travancore and Thermax are among the other gainers.

According to the recent Indian meteorological department’s (IMD) investigation, the monsoon is likely to be average across the country. This does in favor for whole fertilizer segment because sector’s fortune hinges upon the monsoon in the country.

After touching an intraday high of 15,683.03 and low of 15,524.68, the BSE Sensex finally settled at 15,565.55 after making a gain of 15.42 points, whereas the broad-based NSE Nifty ended at 4,566.05, up 3.95 points.

After opening on a strong note at 15,560.57, the 30-share index is trading in the positive territory. Select stocks from engineering led the advancements, whereas IT and auto stocks turned down.

Asian markets slumped in the early trading session as Caterpillar, the world`s biggest maker of heavy-duty diesel-truck engines declared a diminution in its earning that brought up worry among investors about US economy.

In the opening times, there were 1, 056 progressions as against 784 declinations on the BSE.

The 30-share index opened at 15,802.19 and is presently trading sturdily. It also touched its all-time high of 15,828.98. The stocks from telecom, auto, IT and banking led the advancements.

Asian markets gained in the early trading session on suppositions that the companies will declare better than expected earnings. Investor’s sureness and the market assumption took the regional benchmark to an all-time high.

Rahul Agarwal, VP, institutional sales, LKP Shares stated that market is likely to remain optimistic on Tuesday also. He is bullish on Reliance Group and UB Group companies.

He also said that some fresh buying can be seen in banking as well as telecom sector.

It was an incredible closing for the stock markets yesterday regardless of some feeble international signals.

The Sensex and Nifty closed on a new record high, each up 1%. Sensex closed above the 15,700 mark, while the Nifty closed the day above 4,600.

Amit Dalal of Amit Nalin Securities thinks that 16,000 for the stock markets seem very likely.

Even Ram Kolluri, President and CIO, at Global Investment Management feel that the global momentum will spread out into the Indian markets too.

The 30-share index opened unenthusiastically and trading weak. Select stocks from IT led the advancements while auto, cement, telecom and banking led the declines.

Asian markets also turned down in the early sessions on fears of the rejection in the housing demand in USA.

Bharat Thakur, assistant manager, Karvy stock broking told that some profit booking is expected to take place today. He is confident on power sector and commends Reliance Energy and HDFC for trading.

India’s biggest cigarette maker, ITC zoomed 8.93% to Rs 165.85 and topped gainers in ‘A’ group shares on the Bombay Stock Exchange (BSE). It gained on speculation that a noteworthy enhancement in cigarette sales may improve the company’s income this year. ITC will declare Q1 June 2007 results on 27 July 2007. The other performers of the day include Mastek, Pidilite Industries, Thermax, Housing Development and Infrastructure.

Blue Star increased 5.59% to Rs 266.50 in afternoon trades after its net profit zoomed 205.75% in first quarter ended June 30, 2007.

The air-conditioning equipment manufacturer announced its quarterly results during market hours today, 25 July 2007.

The scrip of the market leader in central air-conditioning and commercial refrigeration reached a high of Rs 268.90, which is its record high, and a low of Rs 249 during the day.

It scrip has had its 52-week low of Rs 116 on 24 July 2006.

B Sahu, Khandwala Securities said that today market being knocking down by 96 points was estimable for the market as alteration is long overdue. Overall money flow in the market is fine, FIIs are pouring in money in the markets since last few trading sessions.

According to him, this is the moment for re-balancing and reshuffling the range. He commends investors to gather stocks of companies that are expected to nurture in coming future.

“It is moment to select your sector and stock,” said Mr. Sahu.

He also added that overall market trend is cheerful and optimistic. Tomorrow (July 26) is a decisive day for market because of F&O expiry. So, investors should watch out for global cues for Thursday`s trading session.

In early trades, Industrial Finance Corporation of India (IFCI) is quoting at Rs 56.30, up Rs 3.30, or 6.23%. The stock touched an intraday high of Rs 56.45 and an intraday low of Rs 53.60. It is trading with volumes of 11,173,955 shares. Yesterday the share closed up 4.95% or Rs 2.50 at Rs 53.

After few hours, the share price arose 9.15% and reached Rs 57.85. The stock zoomed after NSE lifted ban on constructing fresh derivatives positions in the scrip. Previously, NSE had banned fresh derivatives positions in the stock as it had crossed 95% of the market-wide position limit.

It was a jerky session on Dalal Street. After a hopeful beginning, the indices came below a session of profit booking and trimmed off the majority of the day’s gains. The Nifty ended flat at 4,620 points after gaining just 1.40 points, whereas the Sensex ended the day at 15,795, up 63 points.

The stock markets closed on a flat note after a quite impulsive session. The boarder markets ended in the red with a weak breadth. In the F&O section, the return was the highest ever at Rs 64,281 crore.

IT, capital goods and IT stocks - Reliance Energy, Satyam, BHEL, NTPC, and HDFC Bank ended the day in the green, ended higher. But, selling pressure was seen in auto, FMCG, and pharma stocks.

Sharmila Joshi of Asit C Mehta is of the vision that DLF is looking sensible at this height.

“Real estate died down a bit, in fact perhaps when you first saw DLF correct last week that when we saw really buying coming in because suddenly it looked attractive going close to its IPO price. But now today when its really quiet close to its IPO price of about Rs 578-579 whatever level it was” she said.

Anil Manghnani of Modern Shares & Stock Brokers is of the view that above Rs 184, ITC can test Rs 201.

After opening with a positive gap of 135 points at 15,038, the BSE Sensex soon reached to a high of 15,142.

Now, at 10:30, the stock index is up 184 points at 15,087.

On the back of its $600 million US acquisition, Wipro has surged 4.4 per cent to Rs 478.

After declaring a cut in interest rates on one-two year deposits to 8% from 8.25% from 9 August 2007, SBI was up 1.38% to Rs 1658.50 in afternoon trading.

In the meantime, the BSE Sensex was down 262.23 or 1.73% to 14,879.37 tracking helplessness in worldwide markets. Asian stock markets declined today, 6 August 2007, after modest US economic statistics, comprising the significant non-farm payrolls report, adding to fears of the US subprime mortgage crisis snowballing.

On BSE, about 7.29 lakh shares of the scrip changed hands. The stock showed an average daily volume of 6.53 lakh shares in the last three months.

DLF has declared the first quarter results and it records a net profit of Rs 1515.48 billion for the period ended June 30, 2007.

The company’s earning per share (EPS) stood at Rs 9.87, and its operating profit margin was at Rs. 56.4% in the first quarter of FY08.

The 30-share index having traded unexciting in the preceding trading hour, is presently trading in the positive zone. The stocks from auto and telecom led the declinations whereas banking stocks gained ground.

Anuj Anandwala, analyst, KJMC Capital Markets, said that improvement might continue on Monday but it will ultimately shrink in the later half. He anticipates banks to trade fine in Monday`s trading session.

Out of the total 2,123 shares traded at the BSE, 1,103 advanced, 971 declined while 49 remained unchanged.

Rahul Mohindar of Viratechindia proposed that the investors should hold Ranbaxy Laboratories as it may have a good 7-8% upside.

Improvement in Asian markets encouraged assurance in Indian equities on Friday. ICICI Bank, State Bank of India (SBI), Infosys, Reliance Communication, Housing Development Finance Corp. (HDFC) chaired the advancements.

BSE Sensex settled the week on a positive note at 15,138.40, up 152.70 points, whereas the broad-based NSE Nifty ended at 4,401.55, up 45.2 points.

Technical analyst, Vishwas Agarwal stated that presently the Indian markets are acting according to the worldwide market conditions. Traders are watchful due to recent volatility in the markets, he added.

Weakness in index heavy weight Reliance Industries (RIL) in last 5 trading sessions hassled markets last week.

Mumbai: Today, the Indian stock markets opened on a bleak note at 14,674.92, and continued to trade imperfectly on worries of US subprime mortgage losses and also because of strong selling pressure observed in the index heavyweights in the morning trades.

The stocks from IT, pharma, cement, telecom, banking and auto took a plunge.

As soon as, the trading session weakened, the benchmark Sensex lost over 509 points and reach below 15,000 mark.

The BSE-30 shares index that closed weak after losing 207.83 points yesterday lost another 509.82 points, or 3.38 per cent at 14,590.33 in the first five minutes of trade.

In a fight to put control over trading action, bears took over from bulls on Thursday. Growth of existing bearish response on Friday is likely to append their stocks in their support. In contrast, optimistic sentiment on Friday is expected to modify the existing reaction.

The leading tradable stocks on NSE Nifty suffer a slight reshuffle in its succession and factors. RIL recovered the top slot and pushes Infosys to the fourth place. ICICI Bank climbed one position to second and BHEL registered its name on the third place. SBI and RCom exchanged their locations.

The Nifty ended Tuesday at 4,356 after making a gaining 17 points and the Sensex closed the day at 14,937, up 30 points. Asian markets are trading in the green. Presently, the crude is trading down at 0.19 at 72.23 a barrel on the Nymex.

Ashu Madan of Religare alleged that no special skill is necessary to estimate the markets opening.

“Whenever the market has had a gap-down opening it has always been sustained. However, when it has a gap-up opening it does away with the gains. There are some sections in the market, which are wary of things. Something fishy is happening in the US and I expect to see some more skeletons rolling out,” he added.

Today, the stock market opened on a cheerful note this morning as the bulls, captivating worldwide cues, continued a buying spree in early trade. Reflecting the optimistic beginning, the Sensex that opened its eyes with a positive gap of about 145 points, soared up past the 15,500 mark to 15,535.85 in early trades.

Presently, the Sensex is up with an hefty gains of 208.03 points or 1.36 per cent at 15,516.01. The Nifty that erupted to 4526.10, has recorded a gain of 1.35 per cent or 60.35 points at 4522.45.

After touching an intraday high of 15,235.51, the BSE Sensex finally ended the day at 15,138.40, up 152.70 points, whereas the broad-based NSE Nifty ended at 4,401.55, up 45.2 points.

The 30-share index opened positively at 15,061.13 and continued to trade strongly supported by good global cues and continued buying activity witnessed among heavyweights in the morning trades. Afterwards, the index cast off the majority of its gains in the afternoon to finally end the day on a firm note.

For the week ended July 21, wholesale price index based inflation was 4.36%, which was lower than 4.41% recorded in the previous week. Market estimates for inflation stood at 4.36%.

Today, the BSE Sensex failed to grasp its former gains and settled at 14,985.70, up 49.93 points, after touching an intraday high of 15,134.53.

While commenting on the current irregular trend, technical analyst, Vishwas Agarwal said that the stock markets are progressively turning susceptible to international markets.

“We are in a directionless market, with restricted upsides but any major global down trend can result in a huge set back,” Mr. Agarwal added.

The 30-share index having maintained its impulse in the former session as it carries on to trade in the constructive terrain. Select stocks from cement, pharma, banking, auto and telecom led the advancements.

The BSE Sensex is trading strong at 15,193.66, up 207.96 points. NSE Nifty is ruling at 4,423.70, up 67.35 points (11.15 a.m).

Technical Analyst, Vishwas Agarwal suggested that the support of 4,286 for the NSE and 14,668 for the BSE are key levels to watch.

He also added that if the stock market falls below these levels, then we can think that a top has been formed for the next six months and the market will trade between 3,900 to 4,600.

Viratechindia’s Rahul Mohindar has suggested investors to invest in four wheeler auto stocks for long-term.

Mohindar told, “Auto stocks look interesting, Maruti, Tata Motors, across the board there in the four wheelers segment one could see some buying at lower levels. So, one would look at investing into these stocks for a longer-term perspective.”

He further added that four wheeler auto stocks are best for those who want to invest money to reap gains in the long term. But those who want quick gains should avoid these stocks.

Rahul Mohindar of Viratechindia has suggested a support level for Infosys Technologies at Rs 1850.

Mohindar stated, “If one looks at the last five months data of Satyam, it more looks like a move from Rs 450 to more than Rs 500 levels. It has really been working itself within these levels, so we have not been very bullish. I think the investorsstocks like Satyam and I still think that there is still some pain in that stock. So there is possibly a visible downside of another 10% but I do not see too much more than that."

Rahul Mohindar of Viratechindia is of the view that DLF can move upto Rs 620-630.

Mohindar narrated, “GMR Infra certainly has broken out of Rs 850 but what I would caution is unless this stock really closes once or twice over Rs 850, we really can’t call this a breakout. So we need to see this stock really holding up on a closing basis.”

He further added that the stock too is optimistic at these levels, and the investors don’t see much downside there. There is very big support at about Rs 560, obviously this is a temporary call and the stock can lift up about Rs 620-630 level. And that’s where the investors expect some selling pressure.

According to technical forecaster, Ashwani Gujral the Punj Lloyd can climb upto Rs 390.

Gujral said, “For Punj Lloyd Rs 280-285 is a key resistance, once it can stay above that, then it can easily go up to Rs 390. The important point here is that people are very cautious but the market is not responding with the vigor on the downside”

He further added, "In case no more bad news comes in, we could slowly have this market moving higher and mid caps could lead the charge from here, because they have fallen much less and probably the hedge funds etc. they have much lower exposure to mid caps."

Anil Manghnani of Modern Shares & Stock Brokers has suggested investors to exit Polaris Software Lab on rally.

Manghnani told, "Polaris is very weak. It’s fallen from Rs 237 all the way to Rs 104; this stock has a history of painfully hitting people by moving up sharply and then giving up all the gains over a six-month period. As of now it’s very weak on the charts and its just look like a technical bounce, my advice is to sell into every rally, just trading levels will be Rs 125 then Rs 137 and Rs 143, somewhere around the high level to get out of the stock."

Anil Manghnani is bullish on Neyveli Lignite and is of the view that investors should accumulate the stock at any fall.

"Neyveli is still interesting; every fall you would see this sharp bounces because of the stock actually broken out on the longer term came after a long time. In this move it is Rs 81 is important if it crosses Rs 81 that’s a trading target then you could rally back to Rs 87, which is a recent top at Rs 93. But again if it comes down, back closer to Rs 70 and Rs 66 levels definitely accumulate the stock at any fall,” Mr. Manghnani stated.

The stock markets internationally have been falling on worries that the sub-prime problem is dispersing to other sections and areas, and India seems to have jumped onto that trend. Here are some stocks that investors can buy in this descending market.

Anil Manghnani is confident on Kotak Mahindra Bank, Cummins, IFCI, Axis Bank, and Reliance Capital from among the Nifty Junior.

From the Nifty, Mr. Manghnani wishes all the capital goods stocks including ABB, L&T, and Bhel. He also likes HDFC, HDFC Bank, Bharti, Reliance Industries, Zee, Tata Steel, and Sail.

Ambareesh Baliga of Karvy Stock Broking believes that Infosys Technologies can definitely touch Rs 2200-2400 in the coming 6-9 months.

He suggested investors to hold the stock for long term, and when it reaches or crosses this expected level, they can make their profits from this evergreen stock.

The market unfolded as anticipated and climbed up and detecting resistance in our resistance zone and caving in.

With respect to structure the stock market is feeble and it can see some more down side in the coming days. The Sensex’s support level is at 15025-14900 and the resistance to the up move at 15424-15450.
 
On the other hand, the support for the Nifty is at 4340 and resistance to the up move at 4460-4502.

Technical Analyst, Ashwani Gujral has suggested a positive support for Prism Cement.

Mr. Gujral said that the stock can definitely touch Rs 75, and this is the least suggested level as the stock has a long path to cover up in the coming future.

Gujral told, “Prism Cement looks much better than India Cements. India Cements is still in range of about Rs 210 to about Rs 240. Unless it can take out Rs 240 consistently it will probably not go to new highs. Whereas Prism Cement has got support around Rs 48 now and it could easily head up to Rs 75.”

Today, the stock market opened afresh in the positive territory at 14, 965.65, and the stocks from baking, auto and telecom chaired the advancements.

Supported by the string buying interest in the index havyweights, the 30- share index is continuously trading in the positive terrain.

According to Karvt stock’s assistant manager, Bharat Thakur that stock market will open with a sliding gap on Monday, but will regain progressively to end the day on a positive note. He is bullish on IT sector and suggests Infosys, HFC, Satyam and Nitin Fires for trading.

Rahul Agarwal, VP, Institutional Sales, LKP Shares, said that today stock market was performing steadily because of the absence of aggressive selling. Volumes remained on the lower side as less of institutional buying was seen today. There was broad-based buying across all the sectors, though IT sector under-performed markets. He expects volatility with a negative bias to be seen in the Tuesday`s trading session.

Bhupendra Sharma, vice president, Hornic Investments stated that today market traded decisively all through the day, as it ended the day 149 points. It was mainly because of good worldwide cues. No major buying took place today. There was careful buying and the majority of the small cap companies did well today.

After opening unenthusiastically at 15,066.71, the stock market is trading flat in the morning trades.

On the other hand, Asian markets also opened negatively as the US subprime lender Aegis Mortgage filed for bankruptcy, activating worries of credit situations of higher risk mortgages.

Rajesh Jain of Pranav Securities believes that it’s beneficial to hold Industrial Finance Corporation of India, IFCI at the moment. IFCI is a slow mover, but it has lots of potential to go up.

Jain told, "In the best of situation, if everything goes the right way then IFCI could give you almost a 50% gain from this point. If you look at the portfolio that IFCI has to offer to an investor at this point, there are NPs for which recoveries have started you could almost raise Rs 2,000-2,500 crore out of that. The hidden real estate value put anywhere between Rs 3,000-4,000 crore."

Bajaj Auto GDR was up by 5 % on back of strong guidelines from the company. Analysts expect the stock to move further as the company is coming with new models in the Indian market within next couple of months.

SBI GDR was down by 6.7%. The Bank has been down in the domestic markets as well. Technical experts believe that the stock has been over-valued.

BRICS Securities has been ordered by SEBI to pay a penalty of Rs 10 Lakhs. SEBI has found BRICS Securities guilty of allowing Manoj Seskaria to trade from their account. Manoj Seskaria was banned from capital markets.

Earlier, SEBI fined ASK Financial Securities for the same reason. SEBI officials stated that no company should deal with Manoj Seskaria and if they find any other Brokerage firm in future, more strict action can be taken against them.

Rohit Mehta, head equities, Dimpi Investments said that yesterday the stock market caught stock specific trends only and closed after losing 16 points. There was no major action in the stock market. But, fertilizer sector did well.

He anticipates market to obtain clues from the international markets in Thursday’s trading session. For the next 10 days, worldwide markets would be directing Indian market motility. He is confident on Nagarjuna Fertilizer for the coming trading session.

Vishal Lakhani, senior dealer, Networth Stock Broking stated that yesterday, the market stayed unconditional, as no major buying was figured. There was no large volume, excepting the power sector companies including Reliance Energy, Tata Power and NTPC.

In early trading, State Bank of India (SBI) is quoting at Rs 1,542.90, depressed Rs 72, or 4.46%. It also touched an intraday high of Rs 1,585 and an intraday low of Rs 1,518.60.

Trading with volumes of 156,999 shares, the share closed up 0.10% or Rs 1.60 at Rs 1,614.90 on Tuesday

Spreading out its arms all through the world, the SBI’s International Banking Group provides the complete variety of cross-border finance resolutions through its four wings – the Domestic division, the Foreign Offices division, the Foreign Department and the International Services division.

In early trading (10:02 am), Advanta India is quoting at Rs 856, up Rs 65.85, or 8.33%. It is swapping with volume of 7,271 shares.

Yesterday the share gained 1.12% at Rs 790.15 on closing.

During the day, the stock also touched an intraday high of Rs 870 and an intraday low of Rs 800.

With weak worldwide markets activating a substantial sales event, the Sensex plunged over 650 points to 14, 347.89 as stocks moved into a tailspin in early trading on Bombay Stock Exchange (BSE). Stocks cutting across spheres have broken down on a reactive reaction to the declension in international markets.

At the moment, the BSE Sensex is down with a hefty loss of 622.19 points at 14,378.72. On the other hand, the NSE Nifty that went down to a low of 4171.15 came down with a arresting loss of 4.28 per cent or 187 points at 4183.20.

Nagarjuna Fertilisers and Chemicals touched a 52-week high of Rs 29.25. In afternoon trading, the share is hovering near Rs 29, up Rs 1.85, or 6.84%.

The trading volume of the scrip stood at 12,914,622 shares. Yesterday the share closed up 3.44% at Rs 27.05.

In a bid, Japan`s central bank pumped-up 400 billion yen into money markets to control an advancement in short-term interest rates accompanying immense withdrawals in the last two days.

This is the bank’s third activity in the last 7 days amongst international concerns about US mortgages crisis.

Rahul Agarwal, VP, Institutional Sales, LKP Shares stated that today the stock market saw a big improvement of 4.5%. It reflected the worldwide movement and it depressed on the back of a firmer Yen and global disentangling.
Mr. Agarwal anticipates the securities market to rectify further and touch 14,000 level. On Friday (August 17), markets may remain pessimistic due to sharp fall in valuations. He suggests that buying in the some fundamentally strong stocks is the best bet at this downfall. The stocks include Reliance Industries, Reliance Communications, Reliance Energy, Tata Power and Bharti Airtel.

Bears continued their domination over buying and selling action on Thursday. Strengthening of existing bearish response on Friday is likely to fetch other stocks in their favor. In contrast, optimistic response on Friday is expected to alter the current outlook.

In spite of the tough basics, Indian market is affected gravely on ongoing US subprime disaster in conjunction with political disputes on nuke contract issue between the Congress and Left parties, added technical analyst, Vishwas Agarwal.

Asian stock markets slipped further. Japan's Nikkei came down 2.56% or 414.12 points at 15,734.37.

Hong Kong's Hang Seng passed up 1.65% or 342.04 points at 20,330.35.

Taiwan's Taiwan Weighted broke down 1.53% or 125.72 points at 8,075.65.

Singapore's Straits Times dipped 3.62% or 114.17 points at 3,037.99.

South Korea's Seoul Composite descended 1.61% or 27.18 points at 1,664.80.

Today, Grasim Industries is quoting at Rs 2,776, down Rs 102.7, or 3.57%, and touched an intraday high of Rs 2,845 and an intraday low of Rs 2,740.

The trading volume of the scrip is 19,597 shares. Yesterday the share ended weak at Rs 2,878.70 after losing 57.85 points.

Portfolio Manager, PN Vijay suggests investors to purchase Bharti Airtel, State Bank of India, SBI, Reliance Industries with a 6-12 month outlook.

Today, the stock market opened at 14,309.37, and continued its declining trend accompanied by weak global signs in the morning trades.

Asian markets also opened up in the negative terrain on Friday (August 17) after the Yen ascended to its yearly peak against the Dollar, therefore having a obtrusive affect on the Japanese exports. Financial stocks ascended on guesses that the U.S. Fed Reserve may slash rate of interest to calm the ongoing crisis.

In morning trades, Bharat Heavy Electricals (BHEL) decline 3.4% to Rs 1,549 on the Nifty. It has touched an intraday high of Rs 1,599.90 and an intraday low of Rs 1,541.

The company signed up MoU for 1000 MW Sudan Project.

It is trading with total volumes of 159,935 shares. Yesterday the share lost 4.99% or Rs 84.30 at Rs 1,603.60.

Bears preserved their supremacy over trading action on Friday. Intensification of current bearish sentiment on Monday is likely to append other stocks in their support.

In contrast, upbeat response on Monday is expected to transform the existing sentiment.

Indian stock markets is expected get well on Monday accompanying the upturn in US and European stock markets on Fed Reserve’s resolution to slash the primary credit rate by 50 basis point to 5.75% to support the restitution of orderly situation in financial markets.

Technical analyst, Vishwas Agarwal is anticipating improvement to the amount of 50% of complete declivity in near future.

Anil Manghnani of Modern Shares & Stock Brokers is of the vision that the investors interested in buying Unitech, will buy it between Rs 460 and Rs 439.

Indian stocks turned down for the third day, with the key index witness its most awful weekly loss in the last five months. The declination was backed by worries over the worldwide credit situation. Estimations that the riskiest time is yet to come, pressed capitalists to offload vulnerable assets.

After opening at 14,309.37, the 30-share index continued to trade in a weak zone. Profit booking was seen across board. In the day’s second part, the stock market fought back hard to partly improve from its losses in the intraday trades chaired by European markets. But, it finally closed the day on a pessimistic note.

Orbit Corporation has seen a big move in the early trades in Stock Markets. The stock was quoting at Rs 466, up Rs 33.90 on the Nifty. Orbit Corp. has gained almost 8 % from its close on Friday. It has seen an intraday high of Rs 473.40. Markets can expect good upmove from these levels. Due to renewed buying interest in the counter, the trading volumes are also high.

Today, bulls gained control from bears over trading action. Growth of existing cheerful sentiment on Tuesday is likely to insert other stocks in their support. In contrast, bearish sentiment on Tuesday is expected to modify the current reaction.

According to technical analyst, Vishwas Agarwal that the Indian stocks soared up today accompanying the Fed Reserve’s assessment to slash discount rate by 50 basis points to alleviate the affect of US sub-prime lending situation, but political disruptions over N-deal is constraining fresh buying in the market.

The market is projected to act in line with international markets, guessed Agarwal. At the moment, the stock market is ruled by reaction rather than fundamental principles or techniques.

The Stock markets have slipped deeper into the red (Down by 428 Points) on account of selling pressure seen in all major index stocks. IT and Banking Stocks were among the worst hit. IT stocks are seen under pressure as the Dollar price has again come down compared to Indian Currency. All the key BSE indices are in red and the trading volumes are lower compared to market average.

At 14.15 hrs IST, the Sensex is down 428.02 points and has broken the 14000 level. Nifty is down 129.5 points or 3.13% at 4080.60.

The Market Stats

781 shares are in the Green.
2172 shares are in the Red.
53 shares are unchanged.

BSE Midcap was down by 1.6% while BSE Smallcap was down 2.1%.

Motilal Oswal is coming up with a Public Issue to raise Rs 246 crore by selling its 29,82,710 shares with face value of Rs 5 each through 100% book building process. The price band of the IPO is Rs 725-825 per share. The issue will close on Thursday.

In early trading, Bharat Heavy Electricals, BHEL touched the level of Rs 1,622, up Rs 11.55, or 0.72%. The stock price had gone up to Rs 1,632.50. As the market slipped into the red, BHEL had an intraday low of Rs 1,570. The stock was strong, but due to overall weak sentiment in the market, BHEL ended the day at 1590 (down by Rs 19.10).

The company has pocketed order worth of Rs 6500 cr from Damodar Valley Corporation.

Housing Development Infrastructure Limited has informed the exchange about its plans to buy Kilburn Engg's Bhandup Unit. During afternoon trading, Housing Development and Infrastructure, HDIL is hovering near Rs 510. During the day, it touched an intraday high of Rs 530 and an intraday low of Rs 479.10. The stock ended the day at 490 on NSE with a net loss of Rs 30.

Sujana Towers has listed at a price of Rs 122.20. The investors in primary market have earned 20% over its base allotment price of Rs 101.85. The stock hit the circuit filter within first few minutes of trade and the price remained Rs 122.20. There were 57,450 shares traded and the stock managed to close at the same level.

The Andhra Pradesh High Court has approved the de-merger between the company and M/s Sujana Metal Products Ltd. The court has further approved the Amalgamation of M/s Sujana Steels Ltd with the Sujana Towers on April 10, 2007. The proposed de-merger will be effective from July’2006.

Divya Arora, assistant manager, Karvy Stock Broking told that today selling pressure was seen in the stock markets. There was fear in the market that China might raise the rates of interest that resulted in selling pressure in the Indian market whilst the genuine news of rate increase came after market hour. IT stocks are touching new lows day-after-day. There was some profit booking in the fertilizer stocks.

Bears gained power over buying and selling action on Tuesday. Growth of existing pessimistic response on Wednesday is likely to append other stocks in their favor.

But, upbeat response on Wednesday is expected to modify the current sentiment.

Vishwas Agarwal, a technical analyst said that the market is demoralized due to the worldwide markets situation together with domestic political insecurity. Investors and traders are troubled and standing back from the market.

Further Mr. Agarwal said that NSE Nifty 3,976 is vital stop loss level to watch out for. Investors should follow up the performance of RIL and SBI to settle on the market trend.

In the weak trading sessions, Orbit Corporation has maintained its position in the early trades after making a profit of Rs 19.50 at Rs 419. It has also reached an intraday high of Rs 426.60 in the start.

Siemens is the top gainer on the Nifty. At 10:09 am, the share is hovering near Rs 1,165, up Rs 36.80, or 3.26%. The company has shown good performance in the past.

The direction for the coming quarters is also good. It has touched an intraday high of Rs 1,169 and an intraday low of Rs 1,127.

The counter has done volumes of 6,055 shares. Yesterday, its share closed down at Rs 1,127.20.

The US indices ended the day on a mixed note on Tuesday (August 21), with the Dow Jones closing in the negative and Nasdaq ending in the positive.

The Nasdaq ascended on Tuesday as news that the Federal Reserve might bring down its benchmark interest rate shortly, allayed unrelenting worries regarding the credit markets.

The Dow Jones closed down 30.49 points, or 0.23%, at 13,090.86, whereas the Nasdaq Composite closed up 12.71 points, or 0.51%, at 2521.30.

Mumbai: In yet another mega acquirement in the steel segment, JSW Steel has adopted three steel companies in Texas, U.S for $900 million to get a foothold in the North American market.

SEBI is considering removal of the entry load free of 2.25% for direct applications received by Mutual Funds. This will be a big setback for distributors for these Mutual Funds. In the current arrangement, the retail investor pays this fee on their investment. The fund houses use this money for their marketing and distribution efforts.

SEBI officials advocate their decision by saying that it is in interest of the retail investor. Investors will apply directly to the fund house and the distributor is kicked out of the whole system. Presently, the distributors promote mutual funds as they can make big money from their commissions.

Dhiruman Mehta, Head Institutional Sales, LKP Shares, said that yesterday the market opened up in a positive mood, and then it sliced down another time, but healed and ended the day in green.

In general, the stock market is looking feeble because of governmental reasons. Fertilizer and FMCG zones did well on the stock exchange today. Mr. Mehta anticipates markets to – open in a positive mood on Thursday (August 23) and reflect worldwide markets after mid session.

Bangalore: Wipro Infotech is all set to set up its development centre in Egypt to target IT export services for the Middle-East and worldwide markets. The company has signed up a memorandum of understanding (MoU) with Egypt’s Ministry of Communications and Information Technology for setting up the centre in Cairo’s Smart Village.

The company will offer software development, integration and consulting services from this novel centre, which is likely to commence functioning within a month’s time. The centre has the capacity for 200 people, which can be amplified to accommodate to 300 people.

Sensex has missed 1,600 points from its highest level and ratings have descended to 17 times profits from a high of 21 times and lots of brokerage houses consider it is a beneficial time to buy.

Mutual funds do not want to ignore this chance moreover. According to sources, Reliance Mutual Fund is all set to initiate novel funds worth Rs 8,000-Rs 12,000 crore shortly.

According to the sources, the Securities Exchange Board of India (Sebi) has called for financial reliability to be guaranteed by the NSDL till the time of diverting the non-core actions.

Sebi board has suggested that the actions such as CRA should not wear away the system needed for continuing NSDL’s depository actions in security system.

Technical and other separatism between the actions is different situation that the Sebi board has approved.

SEBI has directed the National Securities Depository Ltd to initiate a central record-keeping agency (CRA) under the novel pension plan for employees working in governmental institutions.

The recent plan will permit pension regulator, the Pension fund Regulating and Development Authority, to commence funds management by public sector fund managers under the new pension scheme.

India Infoline is quoting at Rs 585.20 today, up Rs 41.30 after making a positive close on yesterday at Rs 543.90. The company’s all business sectors are performing well and the outlook for the rest of the year looks particularly encouraging.

The counter had touched an intraday high of Rs 586.90, but with the downfall in the stock market, it declined to its intraday low of Rs 560. Presently, it is dealing with volumes of 269,246 shares.

Grasim Industries has touched the level of Rs 2,837.70, up Rs 110.75, or 4.06%. The scrip opened strong and was up by 3 % with in first few minutes of trade. The highest level during the early trading hours was Rs 2,839.50. The intraday low of the stock was Rs 2,750.

Mumbai – The stock markets were firm on the back of profits in capital goods and metal stocks. Shares of cement companies soared chaired by Ambuja Cements. Real estate stocks also came up.

Equities opened up in high spirits tracking positive worldwide cues. US stock markets finished approximately 2% higher, and Asia indices arose more than 2%. Today, the Bank of Japan left rates of interest unaltered at 0.5%, further bettering sentiment.

Bharat Dalal, Head of research at Dawnay Day AV Securities said, “Based on positive global cues, the market opened higher. However, it is doubtful whether the bounce back will sustain.”

Mumbai: Not caring about the worldwide movement, the benchmark Sensex opened up higher by more than 152 points on the Bombay Stock Exchange today on buying by funds in select counters.

The 30-share index, Sensex that missed more than 85 points in previous day's trading, sprang up by 152.09 points at 14,316.07, in the first five minutes of trade.

Burger King Holdings Inc. (NYSE: BKC) has reported a better numbers for the quarter compared to estimates of technical analysts. Burger King is second biggest burger chain in the world. The company has shown great performance compared to the same quarter last year.

In an official state, the company has informed that the fourth quarter net profit stood at $36m. The company has posted a loss of $10m for the same quarter last year. The quarterly results include a $7 million charge due to the termination of its lease for a new headquarters

In a bid to offer a quicker and cost-efficient technique of raising capital by listed companies, capital market regulator SEBI has decided to bring out fast-track mechanism that would allow companies to raise funds from the markets in the least possible time.

The planned fast-track system was suggested by the Sebi’s Primary Market Advisory Committee (PMAC), and will be obtainable to companies that are listed on the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) for at least 3-years.

Nasdaq is planning to sell up to half of its holding in London Stock Exchange (LSE). Many exchanges have approached Nasdaq to acquire the same. Nasdaq currently holds 31% stake in LSE.

There is an insider report that Deutsche Borse of Germany may buy Nasdaq shares for £400m. Deutsche Borse has been very keen to invest in LSE. The officials at Deutsche Borse have declined to comment on the situation.

Mumbai: According to stock analysts, the domestic stock markets are expected to stay fairly explosive in the current week ahead with capitalists expecting direction from worldwide clues and local political condition.

Last week, the benchmark index BSE Sensex closed on a flat note at 14,424.87 points, and also descended below the 14,000 mark in the last seven days. In the past week, the Sensex had hovered from negative to positive dominion amid worries on the actions in the Central government.

The bulls, with international markets giving them the boundary, surprised the prime Indian stock exchanges at the stroke of the opening bell and ascended valuations of blue chip securities to upper positions in the early trade.

Today, the benchmark BSE Sensex opened up with a huge positive gap of 156 points at 14,581.35 in subsequent trading activity. After some time, it reached to an upper position with a massive gain of 225.08 points at 14,649.95, whereas the Nifty is also up by about 59.60 points at 4249.75.

Rahul Agarwal, VP Institutional Sales, LKP Shares, said that yesterday stock markets were very strong, lot of buying was seen in Reliance Group and banking stocks. Auto sector also did well. Markets lifted largely due to short covering.

According to Mr. Agarwal, markets will remain strong today (August 28). He anticipates constant recovery to occur in the markets though market can be explosive and can again drop to 14,000 level.

The overall thanks goes to strong buying activity in some old economy blue chips, the Sensex that had skidded into the terror zone earlier this morning, has bounced back into the positive terrain at the moment.

At 14,895.98, well off a low of 14,751.68 it had touched earlier this morning, the Sensex is up by about 0.36 per cent or 53.60 points as compared to its previous closing mark. The Nifty has recorded a gain of 0.36 per cent or 15.55 points at 4318.15.

Coimbatore: SEBI is out to establish a training institute on the outskirts of Mumbai to educate and groom investors and other stakeholders on capital market, says a top official.

Interacting with the members of various associations here last night, SEBI Chairman, M Damodaran articulated that the planned Institute would have six different schools with various topics and train and educate investors on market. He said, “This institute will be the first of its kind in the world, run by a regulator,”

Mumbai: In an initial public offering (IPO) of 573.9 million shares, State-run Power Grid Corporation of India Ltd (PGCIL) will raise up to Rs 2,984 crore. The proposal, which is set to open on 10 September and close on 13 September, will be priced between Rs 44 and Rs 52 a share.

Two other Union government-owned power companies National Hydroelectric Power Corp. and Rural Electrification Corp. (REC), are also projected to move into the capital markets in the recent year (2007).

Kolkata/Mumbai: On the final day of the demutualization scheme (ended on August 28), the Calcutta Stock Exchange (CSE) has decided to pass around 4% stake to BK and KK Birla groups.

According to CSE functionaries, the CSE accepted excellent reaction from capitalists for its 52% stake. The stock exchange decision maker TK Das narrated, “The issue was oversubscribed by around 28%.” The exchange had raise 52% of its stake on the auction block.

Coimbatore: Market regulator Securities and Exchange Board of India (SEBI) is all set to establish a dedicated training and research organization in order to educate and train investors and other stakeholders on capital market.

While interacting with the members of various associations, M Damodaran, SEBI Chairman said the Institute, to be set up near Mumbai, would have six special schools with different subjects that would train the capitalists and tech them various aspects of the capital market.

As projected the market touched - NSE Nifty 4,326 and BSE Sensex 14,900 level, chaired by frontline stocks, said Vishwas Agarwal, technical analyst.

As of now, the two expected levels are vital for an up move and will adjust the direction for stock market. Mr. Agarwal anticipates volatility in the market owing to F&O expiry and thereby stock specific movements will be in the direction of up rise.

Some profit booking is also anticipated as the stock market advanced about 900 points, Agarwal supposed.

He added that Reliance India Limited (RIL) and State Bank of India (SBI) will continue to indicate market direction.

Bhupendra Sharma, vice president, Hornic Investments told that, yesterday stock market was within range and ended the day after gaining 59 points.

In the early trades, the market was feeble, as it adopted worldwide cues but recovered in the last trading hours, on the back of trading. Buying was seen in technological stocks.

According to Mr. Sharma, today, if NSE Nifty trades above 4,325, then it may go further up, otherwise market is still in a negative range. He is optimistic on Reliance Industries, Redington and Financial technologies.

Stock analyst, KJMC Capital Markets, Anand Dama said yesterday, the security market deals in the positive though the majority of the international markets were down. The market showed lot of short covering. Despite that, political stableness also pulled the markets up.

After mid-session, stock market recovered as there were no remarks from the Left. The major buying was seen in PSU. Some buying was also seen in auto sector as auto numbers are anticipated in the coming two-three days.

Mumbai: The benchmark Sensex climbed up after gaining more than 200 points on the BSE in early trade on growth of funds buying, actuated by tautening worldwide trend.

In first five minutes of trading, the BSE-share index rise dramatically by 207.77 points at 15, 200.81 on brisk buying by funds in blue chip shares.

Likewise, the wide-base National Stock Exchange’s Nifty also gained 51.05 points to touch 4410.35.

Indian Stock markets remained strong on fifth consecutive day. The markets ended above 15000 levels. M & M was among biggest gainers on Stock Markets. The stock ended at Rs 675.15, up by 2.95%. Reliance Comm. and HDFC Bank were also among top gainers in index stocks.

Pharmaceutical major Cipla lost further ground and ended the day 2.68% down at Rs. 165.20. The trading volumes in the stock were less than the 30 day average volumes. Reliance Energy also lost nearly 2% and closed at Rs. 766.

The Stock markets have gained more strength from its opening levels after heavy buying action seen in real estate, auto and pharmaceutical stocks. The overall market breadth was optimistic as on National Stock Exchange (NSE), more than 750 stocks were in the green and about 250 stocks on the downside.

In early trading, the BSE Sensex gained 202.76 points at 15324.50,
whereas Nifty made 39.65 points gain at 4451.95. During the trading hours in stock markets, 1932 companies marched ahead compared to 1001 stocks in the red.

Technical analyst, Vishwas Agarwal said the stock market was volatile mainly because of F&O expiry on yesterday, and some profit booking was also seen at upper level.

He said stock market may move sideways for the next two trading session. “I feel if everything is normal than we can expect NSE Nifty 4600 level again,” Mr. Agarwal added.

The overall market response is upbeat, but it is likely to be volatile owing to a variety of reasons, Agarwal opined.

Mr. Agarwal has also recommended a few stocks including Hindustan Unilever, Dabur Inida, ITC, ATFL, Marico for trading in coming days with some stop loss to make handsome gains between 10-15%.

Divya Arora, assistant manager, Karvy Stock Broking, stated that yesterday was the last day of F&O expiry so trading was seen as anticipated. Metal sector remained slow-moving though SAIL did well.

IT counters also witnessed some amount of short covering. Reliance Industries was among the major gainers. Market crossed 15,000 level that is an indication of relief for the overall markets after making a correction of 2,000 points. She suggests shareholders to leave long positions at the existing level that were taken at lower levels.

Vishwas Agarwal, technical analyst said, “Market jumped on Friday under the leadership of Reliance Industries and other frontline stocks. BSE Sensex 15,350 is now important level to maintain for possible new highs. Market is in a very strong zone. Improvement of political situation after the government agreed to Left`s demand will strenghten market further.”

Mr. Agarwal has indicated that there is heavy accumulation in 20 F&O securities and anticipates that these stocks will gain in the coming month. He suggested capitalists to go in for all call options to make big profits with least risk.

Mumbai: Market regulator SEBI has de-recognised Hyderabad Stock Exchange (HSE) as the stock exchange failed to dilute 51 per cent stake to non-brokers by August 28 as mandated by law.

In a release, SEBI said, “The recognition granted to HSE stands withdrawn with effect from August 29, 2007.”

Mumbai: The Sensex, which has been maintaining a strong position for the last seven days, added up another 63.26 points and touched 15,485.31 in the first five minutes of trading on continuous purchasing by funds.

Indian stock exchanges broadened their gains to the seventh day successively as buying support accumulated energy, and the BSE benchmark Sensex climbed up to a five-week high of 15422.05, an increase of 103.45 points.

The market is mainly driven by sustained purchases by domestic institutional investors that interjected around Rs. 1,400 crore during last week.

For the ninth straight session, the benchmark Sensex maintained its upward rally by gaining more than 115 points in the early trading on the BSE today on funds buying.

The 30-share Sensex added another 115.46 points to 15,580.86 in first five minutes of trading as fund continued buying in heavy-weight stock.

Likewise, the wide-based NSE’s Nifty ascended by 28.25 points at 4507.50.

On back of buying interest in some heavyweights, the 30-share BSE Sensex is trading strong at the moment. Select stocks from pharmaceutical and cement chaired the advancements, whereas banking and telecom trading mixed.

The 30-share BSE Sensex today opened positively at 15,383.18, whilst the Asian markets slumped in the early session of trade for the third consecutive day on worries that the US, world’s biggest economy is moving towards depression.

Anand Dama, analyst, KJMC Capital Markets stated that stock market will trade flat to negative today. He anticipated some weakness to come in the banking sector on back of some RBI declaration. He suggested people to hold banking stocks and not to indulge into fresh buying at this point of time.

Ramco Systems gained 10% and ended the day at Rs 167.65. The Chennai based company was among the top gainers in A group shares on BSE.

Among other buzzing stocks were Rolta India, Jet Airways, Dredging Corp. and Bombay Dyeing. Rolta India was up by 7.72% and ended at 517.55 levels. It was the second biggest gainer in A group.

Ashwin Gada, dealer, Networth Stock Broking, said that on Friday, the stock market was flat, it closed down 25 points. It opened strongly but slipped into negative zone accompanying the imperfect Asian markets and also there were some rumours about promissory note that forced the market down. Volumes was very dry, there was not much buying seen at the stock exchange on Friday.

Mr. Gada anticipates the market to trade positive on Monday (Sept. 10). He is bullish on market persuasions and pointed out that, market may touch 16000 level by the closing of next week. He is optimistic on the pharmaceutical segment and commends Divis Laboratories for trading.

The stock markets opened weak and went down by 220 points in early trading session. The markets were weak due to weakness across global markets after fears of economic recession in the United States. The credit problems which emerged recently in the US will have an impact in the coming days over economy. The employment report has shown a decline in jobs across various sectors in the United States.

managed to get listed at Rs 911 on the National Stock Exchange with a premium of 10 per cent compared to issue price. The stock was sold at Rs 825 by the company through book-building route.

The stock has seen a good interest by operators. During the early trading hours, the stock touched a high of Rs 986. Within first few minutes of trade, the stock went up by more than 15%. The stock has seen a good return and volumes stood at 15, 98,344 shares.

After opening with a bang at 15,668.40, the 30-share BSE Sensex is trading strongly at the moment backed by heavyweights and good worldwide cues.

Asian stock market also opened positively today, on assumption that rising steel costs and crude oil will encourage earnings. Japanese stocks after an early fall, recovered intensity and entered the positive ground; thus indicating signs of volatility.

The BSE Midcap arose 0.87%, whilstBSE Smallcap ascended 1.04%.

India Stock markets were trading in negative zone after technology, banking and auto stocks saw decline in valuations. The stock markets saw some support from FMCG and metal counters. Market breadth was normal compared to last 30 days average. Auto stocks were down due to profit booking.

Nifty was down by 10 points and BSE Sensex was down by 54 points around 3.20 pm.

Among most active stocks were Reliance Industries (Up 0.23%), IFCI (Up 4.57%), Tata Steel (Up 2.24%) and Motilal Oswal (Up 18.41%). Among major losers were Infosys Technologies, TCS, Wipro and Satyam Computers.

Mumbai: The benchmark Sensex stretched its previous day's gain and climbed up by more than 118 points in early trade on the BSE today chasing worldwide movement.

The 30-share index, Sensex, soared up by 118.67 points more than its previous day close to touch an intra-day high of 15,661.44 points in first five minutes of trading.

Likewise, the wide base National Stock Exchange index, Nifty, gained 34.45 points at 4531.50.

Mumbai: Key indices rise dramatically in early trade as banking and metal segments moved up. Real estate shares carried on their upward movement and FMCG appealed buying interest. Worldwide indications were also helpful of the uptrend.

The National Stock Exchange’s Nifty stood at 4568.5, higher by 39 points or 0.87 per cent from its last closure. The Bombay Stock Exchange’s Sensex gained 155 points at 15,769.43.

The major Sensex gainers were ICICI Bank (up 1.83%), Grasim Industries (1.4%), Satyam Computer (1.35%), Dr Reddy's Laboratories (1.32%), Reliance Energy (1.29%) and Tata Motors (1.24%).

Hindustan Unilever was down 0.33 per cent. It was the only laggard in the rally.

Shares of Indowind Energy Ltd, a Chennai-based company managed to get listed at Rs 80 on BSE. The stock is trading at a premium of nearly 23% compared to the issue price of Rs 65.

With first few minutes of trading the volumes were over 11 lakh shares. Technical analysts expect the stock to do well in the markets. At current P/E ratio, the stock can see strong demand in coming days.

While on National Stock Exchange, the first price was Rs 75. The stock is trading strong in the moment after touching a high of Rs 80. In early trade nearly 18 lakh shares were traded on NSE.

The stock markets were hovering around their all-time highs, but started their south-ward journey towards the end of the day. Stock markets witnessed across the board selling and ended the day with small losses. Due to profit warnings issued by a British mortgage lender, the market players were again worried about credit issues, but this time in the UK. Turnover on Bombay stock exchange was above Rs 6000 crore. Almost all the European indices were down in opening trade.

The BSE 30-share Sensex opened with a gap of nearly 100 points and rallied further. Towards the end of the day, the index closed 6.03 points down at 15,608.41. The markets saw levels of 15,824.65 after the Sensex gained 210.21 points. 19 stocks in Sensex were down while 11 ended their day higher.

Mr. Kishore Biyani has announced his plans for another IPO. In his statement, Mr. Biyani said that Future Group will soon come with an initial public offer for a new company to raise Rs 2,000 crore.

Kishore Biyani, CEO Future Group said, “We are looking at a new company for the issue. We plan to raise around Rs 2,000 crore. I cannot reveal anything else now.”

The Future Group board approved an initial public offer of Future Capital Holdings.
Mr. Biyani is very keen on raising money and informed the formalities will be completed within next few weeks.

Market regulator Securities and Exchange Board of India has announced that the rules for short-selling will be announced very soon. FIIs will be able to sell shares without owning them also known as short-selling. There would be many benefits with the introduction of this facility.

SEBI Chairman Mr. M Damodaran said, “We are ready for short-selling now. There is no hiccup and the regulations are coming very soon.”

In other words, FIIs will be allowed to borrow stocks from some broker and sell it in the stock markets. They may later cover the stock and will return to the broker. Short selling may enable FIIs to make money from falling stocks. The covering can be done at lower levels.

The stock market got off to an impulsive beginning this morning with equities fluctuating in a dispirited manner in early trading. With international markets showing up helplessness earlier than the vital US Federal Reserve meeting, member back home remain uninformed about the market direction.

After making its entry with a positive gap of around 43 points at 15,547.07, the Sensex dropped to 15,468.80 within a few minutes as rates of blue chip stocks floated down sharply on selling pressure. But, depending on the strength of some old economy stocks, the indicator got well and touched a high of 15,571.11 in subsequent trade.

Mumbai: Equity shares of Nagreeka Capital & Infrastructure got listed at Rs 114 on the Bombay Stock Exchange (BSE) today.

The scrip opened up at a premium of 20 per cent, at Rs 114 at the stock exchange, as against its base price of Rs 95. It got locked in 20% upper circuit on listing.

Nagreeka Capital is the de-merged investment portfolio division of Kolkata-based textile manufacturer Nagreeka Exports with a total investment of about Rs 52 crore.

The shareowners of Nagreeka Exports got shares of Nagreeka Capital in the ratio of 1:1.

The total paid-up capital of the company stood at Rs 6.31 crore, which include 1.26 crore shares of Rs 5 each.

Promoters own up around 55% in Nagreeka Capital post de-merger.

Mumbai, Sep 19: The Bombay Stock Exchange (BSE) 30 share sensitive index (Sensex) crossed 16,000 mark at it’s opening on Wednesday. NSE Nifty also opened strong after strong global cues. After US Federal Reserve announced cut in key interest rate for the first time in four years, the bulls took charge of Indian Stock Markets.

The Sensex gained 405 points with no losers among the index stocks.

Maruti, HDFC and HDFC Bank gained around 4 per cent each to Rs 914, Rs 2,273 and Rs 1,278, respectively.

After opening positively at 16,341.55, the 30 share index has been fluctuating between the positive and negative in the morning sessions of the trade. Selected stocks from auto and real estate boosted, whereas IT and banking stock declined.

Magnum Ventures, New Delhi-based paper maker today got listed at Rs 37 per share on the Bombay Stock Exchange (BSE), with a premium of 23.16% above its issue price of Rs 30 per share.

Within a few minutes of opening, the company’s scrip touched an intra-day high of Rs 66.70 and a low of Rs 36.95, as many as 35.11 lakh shares changed hands on the BSE.

The scrip got listed at Rs 36.60 on the National Stock Exchange (NSE), and touched a high of Rs 66.90 and more than 35.90 lakh shares were traded.

In early trading session, the scrip spared a few gains from its intra-day high and was dealing at Rs 59.35 on BSE and at Rs 58.45 on NSE.

New York – The consolidation among stock exchanges continues as Nasdaq and Borse Dubai have agreed to a deal to create a group of exchanges with better reach and future products like easy investments in foreign markets. The deal will help to link the US, European and the Middle East markets. Borse Dubai will buy stake in NASDAQ, but the details of the deal have not been revealed yet.

Mumbai:
Bulls stepped carefully on yesterday’s trading session after the
previous day’s explosion party. Benchmark indicants attained new peaks
early in the trading session, but capitalists’ eagerness was raged by
rising rupee value.

Mumbai: Bulls stepped carefully on yesterday’s trading session after the previous day’s explosion party. Benchmark indicants attained new peaks early in the trading session, but capitalists’ eagerness was raged by rising rupee value.

Sellers aimed IT services companies whose profits were linked to the dollar potency, hence checking the benefits in the main indices. The reaction was also dragged down by re-emerging of subprime problems in European countries.

After opening positively at 16,352.32, The BSE benchmark index Sensex slipped into the negative zone in the morning trades because of weak global cues. IT sector continued to trade on really passive note owing to further rupee admiration. Rupee was quoting at 39.87 versus US dollar.

Asian stocks chop down from its eight-week record after Fed Reserve chairman Ben Bernanke expressed worries over the housing downturn situation in the US.

After making its entry optimistically at 16,352.32, India’s benchmark index, Sensex, dropped off into the negative zone, in the morning trades. Afterward the index was dangling from the optimistic to the unenthusiastic zone and vice-versa in the intraday dealings. The 30 share index further acquired potency and came to a record high of 16,616.84 because of continued buying interest in heavyweights and lastly ended the day on a cheery note.

Indian stock markets are holding strong. At 12.30, the BSE Sensex was up by 150 points. The NSE Nifty touched 4900 with a gain of 63 points.

Among banking stocks, ICICI bank was strong at Rs 986 with a gain of Rs 21.30.

Reliance continues to be the market mover. Reliance announced that the company has found Oil reserves in KG basin. Reliance Energy and Reliance Petro were also holding strong.

BHEL is another stock which has gained more than 2.5% and was trading at Rs. 2,013.95.

Indian Stock markets closed on Monday at 16845 levels with a gain 281 points while Nifty closed well above 4900 levels with a gain of 94 points. Investors are happy to see the Market Indices offering positive surprises during every rally while Funds are buying stocks as Indian market still looks promising among emerging markets.

Indian stock markets have offered more returns compared to other emerging markets and Indian companies are showing good performance every quarter.

BSE benchmark index opened at 16,890.75 and quickly touched higher levels. The BSE Sensex touched a peak of 16, 915.91 in the opening trades. Selected stocks from auto and banking progressed, whereas cement, real estate and IT stocks chaired the declines.

Asian stocks opened up on a mixed note. Nikkei and Hang Seng skidded after yesterday’s holiday.

In early sessions, BSE Sensex was trading at 16,854.37, up 8.54 points, whereas NSE Nifty stood at 4,930.70, down 1.5 points. The BSE Midcap ascended 0.55%, while BSE Smallcap arose 0.39%.

Indian Stock markets had a very volatile session. The markets started the day on a flat note, but soon touched all time high. As suggested by some Technical Analysts, the markets could not touch the 17000 level. The markets came down sharply and lost the early gains. Profit booking was cited as one reason and another was the Futures and Options closing for the month.

Indian Stock markets have crossed the 17000 mark. The markets were strong on back of IT Stock and Reliance. This is the fastest gain of 1000 points by BSE Sensex and Bulls have done this is just one week. Technology, market laggards, also participated in the last lap, driving the Sensex to a record high of 17,025.07 early Wednesday.

During the early trades, the markets jumped by nearly 90 points to be close to 17000 target. Infosys, Satyam Computers, Wipro and ICICI bank were among the gainers in Sensex stocks. Markets soon touched their highest 17,025 points.

BSE Sensex crossed 17,000 levels, but ended the day lower due to selling pressure and profit booking in some index heavy-weights. The stock market closed at 16,921. Technology stocks were major gainers, while some banks and real estate stocks were in the red.

The markets closed strong on Thursday with the benchmark index soaring 1.3% to close the day at 17,150 levels. In the intraday dealings, the 30-share index performed in a range of 17,018-17,188 levels.

Nifty hit a record high of 5,016 levels. The 50-share index ended the perky day at 5,000 after gaining 1.2 per cent. NSE Nifty took 205 trading sessions to made last 1,000 points.

During the flight from 4,000 to 5,000 levels, Foreign Institutional Investors pumped in $10.75 billion whereas Mutual Funds inducted $1.26 billion.

The BSE benchmark index, Sensex touched a new peak of 17,361.47, and maintained its strength in the previous trading hour. Selected stocks from banking, pharma, metal and realty led the advancements, whereas auto stock traded mixed.

The BSE Midcap rose 0.93% and Smallcap rose 0.85%.

Out of total 2,598 stocks traded at the BSE counter: 1,471 progressed, 1,068 slumped while 59 remained unaltered.

Amongst sectoral indices : BSE Auto slipped 0.44%, BSE IT dipped 0.45%, BSE Bankex arose 1.39% and BSE Realty climbed up 1.04%.

After opening at 17,152.31 in the early trades, the BSE benchmark index, Sensex continued to trade strong in the afternoon trades. Afterward the index shed the majority of its points in the after hours. Lastly, it regained strength amidst instability and touched a peak of 17,361.47, to close the day on a firm note. Selected stocks from banking, auto, pharma, metal, realty gained ground, whereas IT stock dangled.

The Indian Stock had another volatile day, but the BSE Sensex managed to touch its All-time high. The markets opened strong and rallied further to touch all time high of 17425. Due to selling pressure and profit booking in certain counters, the markets slipped into red but ended 38 points higher due to support from Reliance and PSU stocks.

The BSE benchmark index opened strongly at 17,467.41, and touched a record high of 17,729.94 in the opening time. The Sensex continued its positive rally as sustained buying interest was witnessed in the heavyweights; further optimistic worldwide cues chaired the rally. All sectors were trading in positive.

Asian stocks also boosted after Citigroup made an offer to purchase the resting 32% of Nikko Cordial Corp. Many forecasters were of the belief that this may encourage merger & acquisitions. The financial stocks had dipped after the US subprime slide down.

Both Sensex and Nifty were performing well. After opening sturdily, the BSE Sensex has maintained its positive outlook.

At 12:13 p.m., the BSE Sensex stood at 17,892, up 563 points from its last closure. The NSE Nifty was quoting at 5246, up 178 points.

Indian stock markets has touched new record peaks today, as capitalists grabbed power and realty shares amid a sharp rise in foreign capital inflows over the last few days.

Indian financial markets remained closed on Tuesday because of the birth anniversary of Mahatma Gandhi.

Mumbai: On first appearance, shares in Power Grid Corp of India (PGCIL) opened 63 percent higher and ascended further on continued buying interest, buoyed up by the power sector’s progression and the company’s shift into telecom and consultancy.

At 12:03 a.m, the state-owned power transmission company’s scrips were trading at Rs 106.80 after opening at 85 rupees, as compared to the issue price of Rs 52.

Two dealers stated that the counter is considering interest from domestic as well as foreign funds desperate to wipe up the shares given the low float.

The stock markets seem to be in correction mode with more than 400 points lost at 14.18 p.m. IST. BSE was down by 407 points and was at 17366.20 levels. NSE Nifty was down by 145 points at 5040 at 14.20 p.m.

Political issues between Congress and Left is one of the major reasons for today’s downfall in markets. Market analysts feel that valuations were bit over stretched and the stocks may see some amount of correction. The markets have gone up very fast in past few trading sessions and a correction will be healthy sign.

Dollex Industries has signed a memorandum of understanding (MOU) with the Madhya Pradesh government to set up an integrated agro-energy complex. Dollex Industries has already signed two MOUs with Maharashtra government. The project will need an investment of Rs 1050 million.

This will be a major project for the company which works in agro-energy sector. The complex will make use of ethanol and sugar for power generation.

The Bombay Stock Exchange Sensex ended the day with a loss of 282 points as index heavy-weights experienced huge selling amid political uncertainty. The traders were selling in metal, oil and real estate counters and the BSE benchmark index touched an intra-day low of 17322.

Reliance Energy, Tata Steel and Ranbaxy Labs were among major losers. The markets opened strong and were about to breach 18000 levels, but due to selling pressure across all sectors the indices started their southward journey.

For BSE Sensex, the range for the day was between 17,322.14 and 17,982.59. The markets missed 18000 by just 18 points.

The Bombay Stock Exchange Benchmark Sensex opened strongly on Tuesday but soon lost ground due to continued selling pressure. The Sensex was trading at 17503, up by 12 points.

At 10.10 am, NSE Nifty was trading with a loss of 15 points at 5070. Most of index stocks were marginally down. The stock markets look weak due to current political issues. Many technical analysts believe that markets may see a correction.

Technical expert Prakash Gaba has suggested that markets may correct this week before starting another upward move.

ACC has gained in today’s trading session. HCL Tech was among major gainers. The stock was trading at 316 with a gain of 2.7 percent. HDFC gained 1% in early trades.

It is yet another success for the stock markets as Sensex hit the 18,000 mark today.

This came in as a blow after the news that UPA, Left to assemble again on US Nuke contract on October 22. Sensex gained more than 650 points and Nifty surged nearly 200 points.

The benchmark indices have exceeded the broader markets.

In spite of all the political turmoil, stock markets seem to be ignoring it and were attaining new histories.

In afternonn trading (3.29 hrs), the Sensex was trading 645.06 points up at 18136.45, and the Nifty gained 196.95 points at 5282.05.

Bangalore based Software services company iGATE Global Solutions Ltd has announced delisting from Indian stock exchanges. The stock price was up by 10 percent today in opening trades. iGATE Global Solutions was locked in 20% upper circuit limit yesterday as well after the news of de-listing came. The company offers software services and is supported by US based iGATE Corp. iGATE Global Solutions reported excellent results for second quarter ended 30, Sep, 2007.

Indian Stock markets continued their upward move on Wednesday. The stock markets opened strong and are holding the gains. The Indian Stock markets are trading at all time highs. The markets have ignored the political issues and Bulls are in-charge of the market.

Heavy-weight Reliance and Reliance Energy helped the BSE Sensex to cross 18000 yesterday. Reliance Energy is up by 4.5%. ONGC is also trading with a gain of 3.2%.

At 12.21 pm NSE Nifty is trading at 5412 with a gain of 85 points (1.60%).

Sakhti Sugars has gained nearly 15%. The stock is currently trading at Rs 88. Hindalco has gained over 3 percent. UTI Bank and OBC are other gainers in today’s trade. Dr Reddy’s and Ranbaxy are marginally down.

The 30-share benchmark index today opened up strongly after making a profit of 193 points at 18,473.43. The Sensex carried on its hopeful drive, as it appended over 350 points in the opening sessions of trade.

Asian stocks today continued to add gains on relieving worries that the world’s largest economic system is pointing towards a slump.

In early trading (10.13 a.m), BSE Sensex was trading at 18,646.18, up 365.97 points, where NSE Nifty was trading at 5434.55, up 107.3 points.

Sugar stocks were in the public interest in the opening session. The BSE Midcap ascended 1.91% while BSE Smallcap arose 1.68%.

The Bombay Stock Exchange Benchmark Sensex opened strong on Thursday and is still up by nearly 80 points. The BSE Sensex touched 18770 in early trading session and is just 230 points short of another milestone of 19000. The stock markets have offered great returns to investors as funds continued buying at higher levels. Major Mutual funds and Analyst houses expect Indian Stock markets to touch 20000 levels very soon.

NSE Nifty was also trading strong. However, the markets saw a sharp fall around 10.40 am and went into negative zone. The markets are still trading in positive with a gain of nearly 25 points.

The Capital Market regulator Securities and Exchange Board of India (SEBI) has made it mandatory for Investment advisors to register before offering any advisory services to investors. The investment advisor will get a registration certificate and then can offer services to clients.

The definition of an investment adviser is a person who, for a consideration, is engaged in the business of providing investment advice to others, either directly or through publications or writings or electronic mails, or who, for a consideration and as part of a regular business, issues or publishes reports or analyses containing investment advice. The term includes any person who holds himself out as an investment advisor (by whatever name called) to others

Mumbai: Koutons Retail India has listed on the NSE with public issue shares today, October 12, 2007.

Koutons Retail India got listed at Rs 510 on the National Stock Exchange, with a premium of 23 per cent to the issue price of Rs 415 per share.

In early trading (9:56 am), the stock gained 46.50 per cent at Rs 608. The total volume stood at 1.5 lakh shares. It touched an intraday high of Rs 620 and an intraday low of Rs 502.50.

The scrip opened at Rs 515 on BSE. In few minutes, it reached Rs 610, up 47 per cent to the issue price. It also touched a peak of Rs 649.

Thanks to continued buying interest in heavyweight stocks including Reliance Industries (up 3%), ONGC (up 4.1%) and Tata Steel (up 4.35%), the Sensex has break off its lower levels this morning.

BHEL (1.6%), Hindalco (2.1%), Mahindra & Mahindra (0.85%), ACC (0.6%) and Reliance Energy (0.55%) have also recorded superior gains.

SBI, Bajaj Auto, Grasim Industries and Tata Motors were trading around their last closing levels.

The stock market is likely to maintain an average surplus liquidity of about Rs 25,000 crore. Approximately Rs 30,000 crore was suck out of the system last week, and an added sum of Rs 16,000 crore is projected to effuse in the recent week via liquidity-tightening standards of the Central Bank.

Mumbai: The benchmark Sensex has gathered up more than 224 points in early trading on the Bombay Stock Exchange (BSE) today on continued buying action by funds in heavy weight stocks.

The 30-share index, Sensex that broke down a long rally on Friday, has recovered potency and entered an increase of at 18,643.34 in the first five minutes of dealing on heavy purchasing in banking, oils and real estate sector.

In the same way, the wide-based National Stock Exchange’s Nifty has regained by 74.65 points at 5,502.90.

A firm drift in Asian markets also encouraged the market reaction to some level.

Continued buying interest in key stocks, firm worldwide cues and upbeat results of the companies led the Sensex to achieve a new peak of 19,095.75.

On this technical analyst, Vishwas Agarwal, said, “Ultimately our long awaited 5,678 was acheived today on NSE. Here I will take some rest, but there is a lot of opportunity for traders and also there are options in some stocks.”

Stock Exchange Watchdog SEBI has proposed that some urgent measures need to be taken to curb the use of some categories of derivates instruments by FIIs. SEBI may ban the use of Participatory notes which are issued using stock futures or options. Finance minister recently expressed his concerns regarding over-stretched Indian Stock Markets. Indian Stock markets are trading at all-time highs. The SEBI move to ban P-notes may have negative impact on Stock Markets.

As per SEBI records, 34 FIIs issue Participatory notes. In August 2007, the value of Participatory notes was nearly 51% of total assets under FIIs in India. As SEBI allowed P-Notes, the exposure of FIIs in P-Notes increased of 20% in March, 2004 to 51% during August, 2007.

Mumbai/New Dehi, Oct 17 : Union Finance Minister P Chidambaram today ruled out any banning on the investment via Participatory Notes (PN) and said that the Securities and Exchange Board of India’s (SEBI) proposal on the PN is to moderate investment coming from abroad.

Welcoming investment via the PN, Chidambaram said that he was surprised to see that the certain section of media was raising alarm over the performance of the stock markets, adding, there is no need to raise alarm.

As reported earlier that the move of Stock Market Watchdog SEBI to curb stock market rise by hot-money invested by some FIIs, the stock markets have reacted very badly to the news. SEBI proposed a ban on P-Notes after the recent rally in stock markets. FIIs investments through P-Notes accounts for nearly 51% of their total investment as per the August 2007 records. The Stock markets opened with a huge gap and immediately went down to touch the lowest level of 5107 for NSE Nifty.

Today, the Indian Stock markets could not find any support. The markets were down by nearly 10% and NSE Nifty touched a low of 5107. The markets were closed for one hour. As 51% of FII investment was through P-Notes, it was very obvious for the markets to witness a downfall.

After the crash markets witnessed today, the stock market analysts suggest small investors to stay away from markets for next few days. Finance Minister has issued a statement regarding the market crash and has said that aim of market regulator is to keep markets safe. Stock markets have seen very quick rise in recent two months and valuations seem to be over-stretched.

Finance Minister P Chidambaram issued a statement that there is no plan to ban P-Notes issued by FIIs to their clients and sub accounts. Finance Minister said that there is no reason for alarm. The markets are trading near their all-time highs, but there is nothing to worry. The valuations of Indian Stocks are still looking good as the companies are showing decent growth in numbers.

The recommendation of SEBI caused biggest ever intra-day fall in stock markets. Securities and Exchange Board of India recommended on Tuesday evening that the P-Notes to be removed over a period of time.

Mumbai/New Delhi, Oct 17 : Finance Minister P Chidmabaram remarks on investment in the stock markets via Participatory Notes (PN) has given a new momentum to them, as the Bombay Stock Exchange’s 30-share sensex and the Nifty have started reflecting positive signals.

Almost an hour back, the Sensex was at 17,793.84, down 1,258 points, but up from the low of 17,308. The Nifty recovered to 5273, still down 395 points, but up from a low of 5,107.

The Finance Minister Mr. P. Chidambaram issued a statement and said that there is no plan to ban participatory notes issued by FIIs. The statement helped the Indian Stock Markets to recover from the biggest ever intra-day fall. The NSE Nifty was down by nearly 10 percent in early trades yesterday and the trading was halted due to sudden fall in markets. However, Finance Minister maintained that SEBI will take some measures regarding anonymous capital flowing in the country.

Indian Stock markets have touched a new high of 19,198.66. At 12.30 pm, BSE Benchmark Sensex was up by 400 points at 19,116. The stock markets bounced back from lows of yesterday very smartly. The markets opened today with a huge upward gap. NSE Nifty also touched an all time high of 5736.

The major gainers in stock markets were Ranbaxy Labs, Grasim, MTNL, VSNL, HDFC, Reliance and ONGC. Most of the stocks were trading in positive zone at 12.30 pm.

Indian stock markets are looking strong for today’s trading session. Market players are expecting a positive closing for the market with a gain of nearly 250 – 300 points till the end of trading session.

Geometric Software Solutions Co. Limited has submitted a copy of the auditor's report in respect of the audited financial results for the quarter and half year ended September 30, 2007 to National Stock Exchange.

The Company has changed its name to GEOMETRIC LIMITED and a fresh certificate of incorporation has been issued on 15th October 2007.

Bhupendra Sharma, vice president, Hornic Investments, has spoken up that the stock market traded down for the entire week.

At last, Sensex closed with a heavy loss of 438.41 points, at 17,559.98, whereas Nifty lost 135.7 points to end the week at 5,215.30. Purchasing was seen at lower levels, while selling at higher levels.

Mr. Bhupendra said that there are four vital events came up in this month that will have a major impact on the Indian bourses. The four different events include N-deal decision aligned for October 22, P- Notes conference on October 25, Fed meet and RBI’s plan declaration on October 31. In the meantime, the stock market will remain in the trading zone.

Indian Stock Markets are again under control of Bulls as SEBI clarified issues regarding P-Notes. Bombay Stock Exchange Sensex was up by 859 points at 18,473 with a gain of more than 4 percent. NSE Nifty was also up by nearly 261 points. There was lot of buying in Banking Stocks and some select Power sector counters.

Bank of India moved up by 20%. Bank of Baroda, HDFC, PNB, HDFC Bank and SBI were among other gainers in banking sector. Stocks of select power companies were also strong. Reliance Energy was up by more than 7 percent. Suzlon was up after the company announced results.

Godrej Consumer Products Ltd has reported better than expected results with an increase in net profit to Rs 336 million compared to Rs 261 million. Godrej attributes the 29 percent gain in net profits to higher margins. The sales increase by 15% at Rs 2102 million. Soaps account for 70% of sales for Godrej Consumer Products Limited. The sales were lower compared to first quarter but profits remained higher as margins were higher.

Godrej declared 75% second interim dividend for the current financial year. The company raised prices as the ram material cost increased.

After opening with huge gains this morning, Stock Markets are down by nearly 1 percent after one hour of trading. NSE Nifty has dipped in the red and has touched a low of 5419. Market Experts expect markets to bounce back from lower levels. The NSE Nifty seems to have a strong support at 5375.

Reliance Energy is 2% higher while Reliance is down by nearly 1 percent. Steel counters are strong. SAIL is trading 3.32% higher while Tata Steel is also strong.

Infosys Tech is weaker by 1%. M&M is trading with a loss of 2.5%. Bank of India has lost nearly 4.5 %. The stock gained more than 20% yesterday on high volumes.

Stock Markets have bounced back from lowest level of 5419 for today’s trading session. Currently NSE Nifty is down by only 2 points.

Reliance Energy is among top gainers on BSE with a gain of 4 percent. ACC, Satyam Computers and NTPC are other active counters.

BHEL, Grasim and Tata Motors are among the losers on stock markets.

The markets touched a high of 5577.90 for NSE Nifty. Markets are looking strong. The US markets closed strong and global cues are good for Indian Stock Markets. Technical Analysts expect a strong closing for the markets today. Markets gained substantially on Tuesday.

The BSE benchmark index, Sensex, today opened strongly at 17,910.30 and gained about 900 points during the day, reaching its highest intraday high.

The today’s increase was caused by heavy buying spree witnessed by the market participants in index pivotals.

All the sectors were trading positively.

While commenting on this technical analyst, Vishwas Agarwal, said, “If Sensex maintains 18,350 level then market will be in strong zone. Its next target will be 18,888 and a new 19,150. However if it falls below 18,350 then market once again will be cautious.”

He said that the stock market remained upbeat in the last 2-3 months.

The BSE Sensex today marched further on continued buying action seen in heavyweight securities. The stocks from metal, banking, auto led the progressions, whereas real estate, IT and pharmaceutical stock headed the declinations.

The stock market is waiting for SEBI meeting planned for today to arrange plans in order to test out unregulated entities investing in Indian capital markets, even as 20 such agents offered to invest money through the front door.

The stock market stepped into the positive territory on yesterday’s justifications made by SEBI Head M. Damodaran that the SEBI remained firm on its decision of cutting back the unspecified FII inflows into the stock market.

After opening positively, today at 18,823.66, the stock market soon slipped into the negative zone, but it recovered its losses soon. Currently the stock market is dealing confidently.

Today, the Sensex has zoomed past its record peak, due to intense buying, and is now up 458 points at 19,229.

Stock market supervisory body Securities and Exchange Board of India
(SEBI) has introduced rules for raising the foreign fund inflows in the
Indian securities markets.

SEBI, on Thursday, has formalized a ban on sub-accounts of foreign
institutional investors (FIIs) from issuing participatory notes (PNs).
Foreign investors make use of the accounts registered in states
including Mauritius or the Cayman Islands to trade shares for their
customers.

Mumbai, Oct 29: The Bombay Stock Exchange's benchmark 30-share Sensex after breaching the 20,000-point mark on Monday for the first time, closed at 19,977, up 734 points from the previous close.

It took 10 trading sessions for the index to move from 19,000 to 20,000.

The Nifty ended the day at 5900, up 198 points.

The biggest contributors to this rally were ICICI Bank, Larsen & Toubro (L&T) and Reliance Industries (RIL). (ANI)

New Delhi: Yesterday was the most honored day of Mukesh Ambani’s life, which made him the richest person in the world, surpassing American software giant Mr. Bill Gates, Mexican business tycoon Mr. Carlos Slim Helu and famous investment guru Mr. Warren Buffett.
The overall appreciation goes to the optimistic behavior of the Indian stock market that surpassed 20,000 mark, and touched a new record high of 20,024.87.
Accompanying a strong share price rally on Monday in his three major companies including Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd, his net worth ascended to $63.2 billion.

Mumbai: The Indian currency has fallen from near decade highs today following worries that abroad funds may cut down equities positions after U.S. stocks snorted from changed jitters regarding the fallout from the subprime credit situation.

Under pressure in early dealings, the partially convertible rupee stood at 39.43/44 per dollar in early trading (9:40 a.m.). Yesterday, it ended the day at 39.310/315, after rising to 39.22 during trading, its highest peak since March 1998.

The 30-share benchmark, BSE Sensex, today, has followed up the rising trend on the back of continued purchasing being witnessed across board in pivotal stocks.

All the segments were trading positively at 11.25 a.m.

BSE Sensex was dealing sturdily after making a gain of 309.14 points at 19,899.92. On the other hand, NSE Nifty was trading at 5,946.95, up 99.65 points.

At the same time, the BSE Midcap ascended 1.64% and BSE Smallcap gained 1.88%.

The stock market experienced 1,692 advancements as against 735 declinations.

Larsen & Toubro Ltd (L&T) announced on Wednesday that it had priced its USD 400 million Global Depositary Shares (GDS) issue at USD 100 per share.

The shares are proposed to be listed on the Luxembourg stock exchange. The Lehman Brothers International (Europe) and UBS were the joint book-runners to the offering, L&T said in a statement

Each GDS represents one equity share of the company and is priced at a 5 % premium to L&T's closing price of USD 105 (Rs. 4,125.7) on Tuesday on the Mumbai Exchange, The Company stated.

The company stock was closed today, at Rs. 4111.95 on NSE, down by 0.27 % from the previous close of Rs. 4123.10. It touched an intraday high of Rs. 4298.65 and an intraday low of Rs 4061.00 during the day

Muhurat Trading session for Samvat 2064 was not very good for Bombay Stock Exchange’s Benchmark SENSEX as it closed below 19,000. The Stock markets opened strong with a gain of more than 220 points. The Muhurat Trading session on Diwali was of 1 hour only and in last 20 minutes of trading, BSE Sensex lost ground after profit booking. BSE ended 151 points lower.

National Stock Exchange Nifty was down by 35 points at 5663. Nifty touched a high of 5794.20 and a low of 5614.90 points registering a big 180 points swing within one hour of Muhurat trading.

The Indian Stock markets have opened weak today. NSE Nifty is down by 165 points at 10.22 am while BSE Sensex is also down by more than 550 points.

Reliance is trading with a loss of more than 4%. SAIL is down by 3.45%. Power Stocks are down. Ranbaxy Labs is also trading with a loss of 2.5%.

Indian Stock markets are still trading in negative zone. Nifty has been trading with a loss of more than 150 points. BSE Sensex is also trading within a 100 point range at a loss of nearly 400 points.

Markets opened weak as the stock markets across the globe have remained weak in previous trading session. Asian markets have been trading with huge losses as well.

Mumbai, Nov 12: The Bombay Stock Exchange 30-share Sensex today fell by more than three percent during the inter day trading, in sync with other Asian markets and lingering credit worries in the United States.

The sensitive index partly recovered its losses and closed for the day at 18737, 170 points down from the previous close. Nifty closed at 5617, down 46 points. The NSE 50-share index touched an intra-day low of 5477 today.

Traders said there were worries about foreign portfolio inflows, which had driven the BSE index to a series of record highs in the last two months, could slow down because of souring appetite for risky equity.

Mumbai: The Bombay Stock Exchange (BSE), on Monday, has signed up a contract with Chicago-based US Futures Exchange (USFE) that will permit BSE Sensex futures to be dealt on the USFE.

The deal was signed to ease participation of US capitalists in trading of Sensex futures. The dollar denominated futures trading in the BSE-benchmark index Sensex will start from February 22 next year.

Currently, US capitalists can purchase only a few Indian stocks listed on the New York and Nasdaq exchanges via an American Depository Receipt (ADR) authorisation.

Indian Stocks markets opened with a huge upward gap. BSE Sensex is up by 580 points at 19615 while NSE Nifty has gained more than 176 points and is current at its day’s high of 5875. Stock Markets have seen good amount of buying in Banking Stocks and Reliance. L&T and ACC are also trading strong.

Indian Stock markets have seen a sharp re-bound from the recent correction. The stock markets were up yesterday and are trading with a big upward gap today as well.

Indian Stock Markets are trading very strong since morning. NSE Nifty has seen a high of the day at 5896.80 with a gain of 201 points. BSE Sensex has gained around 3.2% and is currently at 19737 with a gain of 702 points.

HDFC Bank and HDFC both are up by more than 8 percent. Banking Stocks are getting good amount of buying. Bank of India is up by 4.2%. SBI is up by 3.18%. ICICI Bank is up in today’s trading session. PNB has gained over 6.5%.

Reliance is still holding strong. The stock is up by 4.34 percent. SAIL is up by nearly 6%. The stock is trading at Rs 264.

After many days of weakness, NSE Nifty has crossed 5900 mark today. NSE Nifty managed to again 206 points. The BSE benchmark Sensex has gained over 3.5% in today’s trading session. NSE Nifty is trading with a gain of 3.6% at 5902.

HDFC bank has gained over 12% with an intra-day high of 1780. Reliance has gained 5.7% and is currently trading at 2850. PNB has gained over 7%. Tata Power emerged as a major gainer with 5.22% rise.

RCF has gained nearly 20%. The stock is up on the news that Fertilizer bonds may be issued. RCF is also in talks with Reliance for availability of gas.

GATI is another stock which has been moving very strongly since few trading sessions. The stock was trading with a gain of 10% over yesterday’s close.

Mumbai, Nov 14 : BSE Sensex on Wednesday registered its biggest ever gain in a single of 893.58 points to settle at the third-highest level ever on buying by investors in bank counters and blue chip companies such as Reliance Industries.

Reliance Industries Limited (RIL), the country’s most valued firm, soared by 7.11 per cent. HDFC Bank gained 10.81 per cent, while HDFC rose by 6.51 per cent at close of the stock market.

"The market gain was because of global cues. Besides, the political development also gelled well with the sentiment. The rally was driven by short covering, strong buying by domestic investors. However, there was not much involvement of foreign investors, " ASIKA Stock Brokers’, Paras Bodhra, said.

The Securities and Exchange Board of India (SEBI) has approved the launch of seven new derivates products for the Indian Stock markets. SEBI Chairman Mr. M. Damodaran is confident that the new derivates products will be welcomed by traders and the trading volumes will pick up.

Indian Stock Markets opened weak on Wednesday. At 11.03 am, NSE Nifty was down by 104 points while BSE Sensex was with a loss of over 300 points. Most of the Blue-chips were trading with losses. Reliance, Reliance Energy, ONGC, SBI, SAIL, Infosys, Satyam were among major losers on NSE. ITC is one counter which is with marginal gains of 0.5%.

Banking Stocks were trading with losses. Metal counters were also trading weak. Fertilizer stocks were also down after decent run in recent few trading sessions.

Indian Stock Markets have slipped further. NSE Nifty has broken 5600 and has touched a low of 5596.30 at 2.18 pm. BSE Sensex lost 580 points and has just broken 18700 level.

Satyam Computers and HCL Tech are two stocks in technology sector which is holding strong. Infosys has not lost much in terms of percentage as the technology stocks have been subdued for many trading sessions.

Reliance has lost nearly 2%. Reliance Energy is also trading with a loss of 3.7%. VSNL has lost 5.2% while MTNL is down by 4.8%.

Stock markets have dropped further after selling continued. NSE Nifty has broken 5600 mark and has touched a low of 5590. BSE Sensex has lost 600 points at 2.30 pm. Technical Analysts believe that the correction will continue for next 1 – 2 trading sessions. There may be many buying opportunities at lower levels. Stocks have witnessed good amount of selling as traders are booking profits. The ending of F&O is also near. The markets could remain weak for next few sessions.

Small investors should be cautious in Stock markets for the current week. The Indian stock markets have been falling due to selling pressure. Mid-cap stocks have also reacted sharply. BSE Sensex lost nearly 3.7% as traders reduced their positions.

Small investors should stay away for some time from the stock markets. There may be some opportunity at lower levels in some select counters. Investors should only buy in those counters if they can hold on for some time. The expiry for November contracts for F&O is also approaching. So, the selling pressure could be higher.

NSE Nifty opened with a small upward gap of 3 points, but soon went into negative zone. NSE Nifty touched a low of 5517 against yesterday’s close of 5561. But soon NSE Nifty recovered smartly and touched a high of 5608. The markets are very volatile. Within first 10 minutes of trade, NSE Nifty has see a swing of nearly 90 points. The markets are trading with a gain of 4 points at 10.08 am.

Stock Markets opened weak and continued downward movement. The NSE Nifty has touched a low of 5462, nearly 100 points lower than yesterday’s close. Some heavy-weight counters like Reliance, SBI and Grasim can help the markets to close higher compared to yesterday.

But volatility is high in today’s trading session. Markets bounced back quickly from day’s low and are currently trading only 45 points lower.

As reported earlier by TopNews that the markets may bounce back with Support of Reliance and SBI, the NSE Nifty has covered up all the intraday loss. NSE Nifty is right now trading with a gain of 15 points.

Reliance has gained 1.4%. SBI is up by 2.1 percent. Infosys is marginally up by 0.3%. Grasim has gained over 1.5 percent and the stock is currently trading at Rs 3700. Gujarat Ambuja cement is also up by 0.7%.

Stock markets witnessed a strong pullback in the last 30 minutes of trade. Technical Analyst Anil Manghnani feels that the markets may remain strong today. The NSE Nifty recovered very smartly and took support from a strong level of 5387.

The technical charts indicate that the market has recovered from the losses very fast and today the relief rally may continue. At least, the markets will gain today in intraday session, the closing for the day may decide the market movement for next week.

Stock Markets opened strong on Friday.  Within first few minutes of trade, NSE Nifty touched a high of 5630. After registering a gain of more than 100 points, NSE Nifty started drifting. The markets were trading around 70 points higher. There is a lot of volatility in the markets. Traders are advised to be cautious. The rise in today’s market can be used to exit some positions.

NSE Nifty has touched a low of 5520. Currently NSE Nifty is trading with a gain of 30 points. While BSE Sensex is up by 90 points at 10.40 am.

Everest Kanto is looking strong at current levels.

Presently, the stock is hovering around Rs 323 on BSE. Interested investors can purchase the stock at current level, to achieve a target of above Rs 345.

Neyveli Lignite has gained nearly 16.4% in today’s trade. The stock can be picked up. The stock has been recommended by IndiaBulls research for delivery for short term gains.

The stock was down quite substantially in yesterday’s trading session. As Neyveli Lignite has covered the losses very quickly, the stock looks technically strong for the opening trade in next session.

The range for the day has been 181.15 to 213.25 on National Stock Exchange.

New Delhi: SEBI, India’s stock market controller, has stated that Asian economic systems have to perk up regulatory actions and execute better risk management systems in order to foresee troubles and manage volatile capital flows.

At a meeting of securities analysts, Mr. Damodaran, SEBI’s Chairman said that the regulators wanted to recognize prospective dangers, and tackle them rather than simply react to events.

Mr. Damodaram said, “We need to put in place systems anticipating problems rather than respond to them inadequately and in delayed fashion after a problem has overtaken us.”

Stock Market Analyst Deepak Mohoni has suggested the investors to sell TCS futures if the contracts are trading below Rs 959 after 3 pm. The Stock may see more weakness if the closing is lower than these levels.

Technology stocks have not been performing in recent two months. Most of the technology companies having overseas earnings are facing tough times due to weakness in US dollar. US Dollar is expected to stay weak in coming years and this is having a direct impact on the topline of Technology companies.

Stock markets are looking strong. The overseas markets closed the week on a strong note. One can expect the NSE Nifty to gain 100 points in early minutes of trade. BSE Sensex ended 326 points higher at 18852. Market experts expect BSE Sensex to cross 19,000 levels today. While NSE Nifty managed to close over 5600 with a gain of 89 points.

Most of the Technical Analysts are suggesting buy calls for intraday traders with an expected appreciation of 4 – 6 percent.

The Stock has seen a tremendous run today. The stock can be bought at current levels with a target of Rs 415.

Today the stock has gained over 14 %. The total volume has crossed 50 thousand shares on NSE. Indoco Remedies has touched a 52-week high of Rs 369 on National Stock Exchange. The company stock is trading at a P/E of 46.

The company has recently informed the exchange that Mumbai High Court has passed the Composite Scheme of Amalgamation and Demerger.

Company has strong fundamentals and there may be good positive announcements from the Board of Directors soon. The AGM for Indoco Remedies is on 22, December, 2007. The Board has proposed a dividend of 65% or Rs 6.5 per share.

IMP Powers is a good stock for delivery with a target of Rs 430 in three months. The stock is currently trading at Rs 210 on National Stock Exchange. The volumes on National Stock exchange stood at 365k till 2.50 pm on Monday.

Power Sector has been performing well in past couple of months. Expectations from power counters are high and returns should be decent over next two quarters. The company may see good results as the demand for transformers is expected to pick up.

The company has recently posted impressive results. The net income has gone up by 38.71 percent at Rs 266.93 million. The AGM of the company will be held on November 30, 2007.

Stock analyst Rajat K Bose has strongly recommended ‘Cinemax India’ for intraday trading on Tuesday (27 Nov).

Investors wish to earn profit from this stock, can buy it on declines with a stop loss below Rs 121.50 for target of Rs 133.

Mr. Rajat also told that investors should not hold this stock for medium or long term as it is very risky to keep it for future. Buy it, make decent profit and sell it. This is the real mantra for this stock. Don’t buy it on upper levels.

Mumbai: Indian stock market controller, SEBI has allowed all capitalists to submit an application for Indian Depositary Receipts (IDRs), an instrument through which overseas companies can lift funds in the domestic market.

SEBI has also decreased its minimum application value to Rs 20,000 from Rs 200,000.

IDRs are just like Global or American Depositary Receipts (ADRs).

SEBI made such alterations to permit all classes of capitalists to apply for IDRs, with around 50% of the issue being subscribed by institutional investors.

Thus far, only institutional investors were granted to apply for Indian Depositary Receipts.

BSE Sensex closed with a gain of 240 points at 19603. Many Stocks managed to touch 52 week high on BSE on Monday. The list includes Adlabs Films. The Stock closed at Rs 1042 after touching a high of Rs 1059 on BSE.

Balasore Alloys closed at Rs 74 after touching a high of Rs 78. Emkay Shares touched a high of Rs 258 and ended the day at same level.

GMR Infra touched a high of Rs 262 and closed at Rs 259. The stock is expected to move further as per recommendations of technical analysts. The stock has gained quite decently over past few months. As the fundamentals for the company are strong, the stock is expected to outperform the markets.

Stock markets started the week on a positive note and NSE Nifty closed with a gain of 102 points. The stock markets are again ready to test their all time highs.
Sangeeta Purushottam from Religare Securities expects the BSE Sensex to cross 20 k once more.

Reliance Energy performed really well today. The stock gained over 9 percent. Wipro and TCS were among major gainers from IT Stocks. Satyam Computers also ended the day with gains.

Reliance Comm managed to close 5.5% higher. Ranbaxy Labs and Dr Reddy Labs ended the day with gains.

BSE Sensex has crossed 20,000 levels once again. NSE Nifty has crossed 6000 mark and has touched a high of 6027. As reported by TopNews on Monday that the Stock markets may see 20k this week, the bulls have done it. Many Technical analysts believed that the markets could bounce back very quickly from a short corrected which happened few days back.

Stock markets could see an all time closing high very soon. The global sentiments are mixed, but Indian stocks are poised for a short rally. There may be correction before the end of year, and investors are advised to book partial profits at higher levels.

Banking Sector has gained in today’s trading session. SBI is up by nearly 1.5%. Oriental Bank, PNB and ICICI bank have gained in early trades.

Stock markets reacted around 1.02 pm and lost some ground. The NSE Nifty touched a low of 5971 after trading strongly above 6000 levels. Nifty Future is trading with a premium of almost 30 points. Nifty futures contract for December 27 ending has been traded at an average price of 6005.

Pharmaceutical Major Cipla has gained nearly 4 percent in today’s trading session. The stock has touched a high of Rs 200.5 and has crossed 200 levels after a long time.

Housing and Real Estate Company Peninsula Land can be bought today for intra-day trading. The stock is even looking good for short term as the fundamental are looking good. After the current breakout, the stock can see levels of Rs 155 very soon.

For intraday, the target for the stock is 152. The stock closed on Thursday at 141.85 on National Stock Exchange.  Short term investors can hold the stock if the market remains stable. For short term, the stop loss for Peninsula Land is 133. The trading volumes for the stock have also picked up.

At current P/E of 24.43, the stock looks attractive in real estate segment among midcap stocks. Other stocks from real estate sector like Ansal Properties, Ganesh Housing, DS Kulkarni are also performing nicely.

Sugar Stock Balrampur Chini is looking good for short term. The stock has recently crossed Rs 100 and is heading towards 120 levels now. The stock can offer good returns over next few trading session if the markets remain stable.

Balrampur Chini has touched a 52-week high of Rs 115 on NSE. The stock has gained nearly 9% today and is currently trading at Rs 108.

The stock markets have gained nicely in last 30 minutes in today’s trading session. The strength at the end of the trading session is a good sign for the markets.

Indian Stock markets had a great week as markets touched all time high. NSE Nifty touched an all time high for intraday on Friday’s trading session. BSE Sensex is hovering around 20k mark while NSE Nifty closed just 26 points short of 6000. BSE Sensex closed 170 points higher at 19966.

Technical Analysts believe that Stock markets may remain strong in near term unless there is some bad news from global markets. NSE member and Stock expert Mr. Ramesh Damani expects markets to remain strong till the budget next year.  

Technical Analyst Ashwani Gujral has suggested a buy call for Nucleus Software above of Rs 393 with stop loss of Rs 320.The stock can reach a target of Rs 490 as the company is poised for growth in coming quarters.

On National Stock Exchange, the stock has touched 52-week high of Rs 600 and low of Rs 162.35. Technology stocks have been weak in past few months due the declining value of US dollar.

As per technical view of Mathew Easow of Matheweasow.com, GIC Housing Finance looks attractive at current price and can be bought around 85 levels for short term target of Rs 105. Investors should buy the stock with a closing stop loss of Rs 74.

GIC Housing Finance offers housing loans to individuals and to persons/entities for construction of houses/flats for residential purposes. Home loans market has been buoyant in previous two quarters. The things are looking good for the sector in coming quarters as well. The robust schemes by GIC Housing Finance benefits both aspiring individuals moving up the career ladder and executives approaching their retirement age and the company has a large consumer base.

As per view of technical analysts, stock of TECH MAHINDRA can be purchased with a strict stop loss of Rs 1195 for the target of Rs1263-1303.

Based on current results, the stock is trading at a P/E of 21 with earning per share of Rs 56.56.

TECH MAHINDRA is the leading provider of solutions and services to the telecommunications industry.

On the National Stock Exchange, the stock has touched 52-week high of Rs 2048 and a low of Rs 452.

The company is planning to offer many new services to its customers in coming quarters.

Technical analyst Rajat K Bose has suggested a buy call for day traders for Polaris Software with strict stop loss of Rs 117. The stock can touch 131-136 in today’s trading session. As an intraday scrip, the entry can be made around 125 – 128 levels in Polaris Software.

Based on current results, the stock is trading at a P/E of 18. The earnings per share of the company stood at Rs 7.

On the National Stock Exchange, the stock has touched 52-week high of Rs 237 and a low Rs 96.

According to technical analyst Mathew Easow, investors can buy Adani Enterprises, with strict stop loss of Rs 761 for a short term target of Rs 854. This is a delivery based call.

The stock has touched an intraday high of Rs 812 and a low of Rs 781.

At the National Stock Exchange, the stock has touched 52-week high of Rs 884 with a low of Rs 115.

Adani Enterprises has extended its activities across the globe. The company operates through 30 offices including eight overseas offices in USA, UAE, China, Singapore, Indonesia, Mauritius and Mayanmar.

Pfizer Ltd., the Indian unit of the world's biggest drug-maker, has become the first MNC Company to obtain a patent in India. The company won the patent battle after a long tussle between multinational drug companies and patent groups in India.

As per information from reliance sources Pfizer was granted patent Number 204132 for Maraviroc. Maraviroc is the first drug in new class of oral HIV medicines developed in the last ten years. Experts believe that the drug has a potential to become a blockbuster HIV/AIDS drug globally. The patent was granted in India based on the patent application 885/BOM/1999 filed with the Bombay patent office.

The Indian stock markets collapsed with Sensex falling 769 points on fears that rising inflation in the US will curb spending and limit further interest-rate cuts, thus slowing investment into emerging markets.

The BSE index fells down by 769.48 points to 19,261.35. It touched the day's high of 20,032.67 and low of 19,177.19 points.

While, the National Stock Exchange index, Nifty, slipped by 270.70 points to 5,777, after touching the day's high of 6,039.95 and low of 5,740.60 points. BSE Midcap Index shed 3.87 per cent and Smallcap Index was down 2.91 per cent.

Mumbai, Dec 19: The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) gained 12 points and closed at 19,091.

The Mid Cap index, however, plunged by 13 points and Small Cap declined by 13 points.

Reliance Energy (REL) soared by over four per cent to Rs 1,883. ONGC surged 2.7 per cent to Rs 1,181.

ICICI Bank rallied by 1.8 per cent to Rs 1,161. Infosys and TCS advanced by one per cent each to Rs 1,638 and Rs 1,021, respectively.

Tata Steel and ITC added also added one per cent each to Rs 824 and Rs 200, respectively.

ON the other side, ACC plunged by 3.4 per cent to Rs 1,031, and Maruti shed 2.4 per cent to Rs 995.

The Sensex gained over 318 points in early morning trade on the back of positive global cues but it ended with a moderate gain of only12 points.

The Bombay Stock Exchange’s benchmark Sensex closed 12.32 points up at 19,091.96. It touched the day’s high of 19,397 and a low of 18,886.

The National Stock Exchange index, Nifty, closed 8.85 points up at 5,751.15. It touched the day’s high of 5,840.80 and a low of 5,676.70.

The BSE Midcap Index closed 0.15 per cent lower at 9,080.39 while Smallcap index gained 0.82 per cent to 11,915.36.

The major index fallers: BSE realty index was down 0.44% at 11603.26; BSE auto index was down 0.70% at 5525.64; BSE oil & gas index was down 0.23% at 12280.80

Jyothy Laboratories Ltd has listed today at Rs. 895 on the NSE, at 30% premium or up by Rs. 205 from its issue price of 690 rupees.

The company is leading manufacturer of fabric care products, ayurvedic products, herbal products, air care products, and mosquito repellent products. The company is very popular in the market due to its fabric whitener, “Ujala”.

The company had come out with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share. The IPO was open for subscription from Nov. 22 to Nov. 27, 2007.

India Ltd, division of Welspun Group has announced that the company has acquired 76 % stake in Portugal-based Sorema - Tapates e Cortinas de Banho, SA for Rs 60 crore.