F&O unwinding, global weakness pull the markets down: Premier Explosives Ltd clocked huge volumes and will soon become darling of the investors. The company is going to sell the assets of the mushroom division at a Huge Premium, which will directly flow into the balance sheet. I am trying to find out why B M Vijay Kumar resigned---may be the company is looking for a more competent secretary??!!:

Garnet Construction Ltd hit the buyer freeze: Please do not put all your holdings in one basket as after all this is stock market, where anything can happen:

Radhe Developers Ltd (Recommended at Rs.16.5) has crossed Rs.20 with good volumes. The promoters have increased their stake in the company:

The markets expected to show similr volatility in the next few days and to stabilise from the 2 week of Next Month: People should not sell Small and Mid cap stocks which have already got beaten down and is looking attractive for investment: People should stop looking ta the Indices which is a barometer of the large cap stocks and concentrate on the small/mid cap counters: People needs to know that after the infamous May, fall of last year, this space, comprising of Small and Mid caps have not gone anywhere: TV Channels needs to focus more on this segment instead of talking about TCS, Infosys, ITC or HLLs most of the time, when most of these are fairly valued if not overvalued: I expect 2007, to be a year of Small and Mid-cap counters as this is the space looks undervalued by huge amount at present:

Stocks across the board were severely pounded, partially due to weak global markets, and partly due to unwinding in the derivatives market. The market, which was weak right from the word go, kept on falling with the passage of time. Volatility was the hallmark of the session, accompanied by wild swings of the benchmark index either ways. All BSE sectoral indices settled with losses, and shares from IT, auto and banking space beat a hasty retreat. The 30-share BSE Sensex settled with a loss of 239.98 points (1.83%), to 12,884.34. It had opened weaker, at 13,034.27, and went on to touch a low of 12,861.18. The Sensex's high for the day was at 13,035.56. The S&P CNX Nifty lost 58.85 points (1.54%), at 3,761.10. Today was the last day of trading for the current financial year 2007. Trades executed from tomorrow will be considered for the financial year 2008. The market-breadth, which measures the overall health of the market, also ended weak. A host of stocks from the small-cap and mid-cap space tumbled. On BSE, 1,949 shares declined compared to 660 that advanced. A total of 66 scrips remained unchanged. The BSE Mid-Cap Index closed 80.14 points (1.49%) lower, at 5,296.58, while the BSE Small-Cap Index declined 113.29 points (1.76%), to end at 6,312.45. The NSE's turnover in the cash segment was Rs 8393.2 crore, while the corresponding turnover on BSE was Rs 4011.84 crore. In the F&O section, NSE's turnover was at Rs 44,368.1 crore and the total turnover was at Rs 56773.14 crore. Among the 30-Sensex pack, while 22 declined only 8 scrips managed to gain. Auto major Tata Motors was the top loser, down 5.02% to Rs 716, on a volume of 4.58 lakh shares, as global crude oil prices surged. The BSE Auto Index was pummelled 130.17 points (2.63%), at 4,819.86. Ashok Leyland (down 5.13%), M&M (down 3.86%), Hero Honda (down 1.80%), and Bajaj Auto (down 2.26%) declined. IT stocks were being offloaded heavily, as the dollar fell below 43.15 versus the Rupee, its lowest since June 1999. Also, a weak consumer confidence report heightened concerns about a slowdown in the United States, where these companies generate most of their revenue. The report has compounded the woes of Indian IT companies, already reeling from the new found strength of the rupee. The BSE IT Index as a result was the top loser, down 3.54%, from among the sectoral indices of BSE. TCS slumped 4.86% to Rs 1200, on a volume of 6.98 lakh shares. Other frontline IT shares also finished weak. Satyam Computers (down 3.44% to Rs 456), Infosys (down 3.26% to Rs 1989.90) and Wipro (down 4.65% to Rs 558.90) were just a few of those. IT bellwether Infosys Technologies will announce fourth quarter and annual results on 13 April 2007. Tata Consultancy Services (TCS) and Sitel, a global Business Process Outsourcing (BPO) Leader, announced that the two parties had concluded an agreement to transfer the ownership of the company's 40% stake in SITEL India to US-based Sitel Corporation for a consideration of $17.732 million. Sitel India is a joint venture between the Tata Group and Sitel Corp, formed in 2000, with both parties holding 50% stake. Tata International, which holds a 10% stake in the JV, has also agreed to sell its stake. This joint venture company provides voice-based contact center BPO services from India. The JV is a provider of fully-integrated customer care and back office processing services operating from five centers. Meanwhile, Satyam Computer Services signed a five-year contract with Applied Materials Inc, the global leader in Nanomanufacturing Technology™. The company will provide application development, maintenance, and support (ADMS) plus business transformation core technology services to applied materials through a managed services delivery model. The BSE Bankex ended 151.97 points (2.27%) down, at 6,535.25. UTI Bank (down 4.28%), SBI (down 4.50%), PNB (down 2.66%), Canara Bank (down 3.45%), Vijaya Bank (down 3.22%), and Allahabad Bank (down 2.93%) ceded ground. Index heavyweight Reliance Industries (RIL) was down 1.48% to Rs 1344.95, on a volume of 5.72 lakh shares. Select pharma scrips were in demand. Ranbaxy Laboratories was the top-gainer, up 3.53% to Rs 339.80, as 3.32 lakh shares changed hands in the counter on BSE. Dr Reddy’s Labs gained 1.20% to Rs 690. A strong 1.02 lakh shares got transacted on BSE. Tata Steel, fresh from its takeover of Anglo-Dutch giant Corus, lost 0.85% to Rs 438. The private sector steel behemoth has now entered into talks with the world's second-largest steelmaker Nippon of Japan for jointly producing an alloy for automakers and other companies. The two firms are reportedly said to be in the process of finalising the terms of the venture. Going by media reports in Japan, the two companies are likely to spend about $423 million (about Rs 2,000 crore) to make thin-sheet steel chiefly used in automotives in joint venture, which will use Nippon's technology. The plant will be able to produce about one million metric tonnes of steel a year. State-run oil marketing companies HPCL (down 4.82% to Rs 252.90), BPCL (down 2.15% to Rs 301) and IOC (down 3.05% to Rs 404) were not spared the market's wrath either. Drug maker Wockhardt surged nearly 6% to Rs 395.65, after the company said on Wednesday it had received US FDA approval for an anti-inflammatory injection. Wockhardt also received approval for its diuretic injection from the US Food and Drug Administration (US FDA). Kalindee Rail Nirman Engineers (KRNL) lost 0.66% to Rs 173.55. Its consortium with a Spanish company received an order worth Rs 119 crore from Rail Vikas Nigam. Kalindee Rail Nirman said the order is for constructing a third line Palwal-Bhuteshwar (81 kms) for the North Central Railway. Sesa Goa surged 2.56% to Rs 1791, on a media report that Japan's Mitsui & Company had asked suitors to submit their final bids for its majority stake in the iron-ore exporter by today. Market reports have it that the world’s largest steel maker Arcelor Mittal, Brazilian CVRD, Aditya Birla group’s closely-held Essel Mining and the Anil Agarwal-controlled Vedanta, had completed a visit to the plant site. Rain Commodities plunged 5% to Rs 110, after the firm said its unit had terminated an open offer to acquire Canada's Great Lakes Carbon Income Fund. The announcement was made on the back of Oxbow Carbon & Minerals Holdings quoting a higher price for the Canadian target firm. Rain Commodities had locked horns with Oxbow Carbon & Minerals Holdings for wresting control of Great Lakes Carbon Income Fund, which holds 73.5% ownership in GLC Carbon USA, the world's largest calcined petroleum coke (CPC) maker. Gammon India declined 2.11% to Rs 295.10, after Sebi was directed by the Securities Appellate Tribunal to process the draft document of a subsidiary's IPO. The Securities Appellate Tribunal (SAT) also admitted the appeal filed by Gammon subsidiary, Gammon Infrastructure Projects (GIPL), against a Sebi order, which denies GIPL access to the capital market for 1 year. An order to this effect was passed by Sebi on 6 February 2006. Aventis Pharma, a 50.1% subsidiary of Sanofi-Aventis, dropped 2.44% to Rs 1205, on reporting a fall of 8% in net profit during Q4 December 2006 to Rs 34.70 crore (Rs 37.60 crore). Net sales for the December 2006 quarter rose 11% to Rs 217.60 crore (Rs 195.70 crore). For the year ended 31 December 2006, the net profit rose 17% to Rs 169.30 crore (Rs 145.10 crore). As a result of change in accounting policy, sales and profit before tax for the year ended December 2006 were lower by Rs 11 crore. In spite of the record peaks scaled by the Sensex, 2006-07 has not been rosy for investors as 55% of the stocks languish on the list of losers. The market value of the losers declined by an average of 20%, while that of the 45% that gained rose by 35%, as per a study. Sensex stocks had outperformed all traded stocks by posting 16.4% gains against 7.5% gains made by 2,566 actively traded stocks. Only three sectors – oil & gas (courtesy Reliance oil and gas index's 30.6% rise), banking (the Bankex up 27%) and information technology (the IT index up 24.3%) outperformed the BSE Sensex. Fast moving consumer goods sector (the FMCG index down 24%) remain big losers. Personal care giant Hindustan Lever (down 27.5%) and cigarette major ITC (down 26.9%) were the hardest hit among Sensex stocks. Besides FMCG, other major losing sectors were pharmaceuticals (the healthcare index down 7.8%) automobiles (the auto index down 7%) and metal (the metal index down 4.8%). Public sector scrips lost ground with the PSU index down 4.12%. In the auto sector, two-wheelers (down 19%) and four-wheelers (down 17%) posted losses on the bourses. After a year in which the Indian economy fired on all cylinders, and notched up a GDP growth rate of 9.2%, things will cool down a bit in 2007, the Asian Development Bank (ADB) said. Asian economies grew 8.3% in 2006, the fastest since 1995. China and India accounted for about 70% of this expansion. Asia’s “exceptional performance” in 2006 provides it with robust momentum in the years ahead, feels Imtiaz Ali, the chief economist at ADB. However, in order to stay on the high-growth path, macroeconomic stress will have to be addressed, reforms will have to be pursued aggressively, and growth will have to be rebalanced in order to generate jobs, Ali added. China too is expected to see a slowdown in GDP growth rate, from a blistering 10.7% in 2006. Reports add that ADB expects initiatives taken by Chinese authorities to curb fixed-asset investment will take traction in 2007. As some of these cooling measures take effect, ADB estimates growth to slow to 10% in 2007, and further to 9.8% in 2008. Asian economies (ex-Japan), on the whole, will post a robust growth of 7.6% in 2007 and 7.7% in 2008, driven by strengthening domestic demand and a broadly favourable outlook for the international economy, the ADB report said. All Asian indices except the Sanghai Composite (up 1.09%) were trading with losses. The Nikkei was down 0.64%, while the Hang Seng Index was dented 0.78%. [With Inputs from the internet]