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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.

Goldstone Technologies has signed up a contract with US-based Echelon Studios.

Echelon Studios will provide the company with about 3,500 video titles that consist of movies, cartoons and sitcoms.

The recent deal will aid Goldstone to improve its video library content for its video-on-demand subscribers.

At 11:40 am, Patni Computer Systems is quoting at Rs 392.25, and up Rs 28.30, or 7.78%. It has reached an intraday high of Rs 403.90 and low of Rs 379. The company has shown good performance in the past. The guidance for the next quarters is also good.

REI Agro reached a 52-week high of Rs 281.50.