Sensex breezes past the 14,000 mark, tracking firm Asian markets: 6 people are believed to be dead in Nashik factory explosion of Premier Explosives Ltd. This will not have too much effect on the company's fundamentals as everything is rumoured to be insured also the last quarter EPS will be around Rs.5-6, which will take the overall to around R.8 to Rs.9. It might give some temporary negative effect on the stock, which could be pulled down a bit in the short term.Further inputs are awaited, from the sources, close to me. Premier Explosive Ltd has a number of factories both in India and abroad, which have huge Real Estate values. Also the following quarters will be good due to sale proceeds of the mushroom division entering the balance sheet of the company: Keep adding Southern Online Bio Technologies Ltd on all declines as the downslide is limited: FCS Software Ltd is doing well today, keep holding:

At least six people were killed and six others were critically injured in a blast at an explosives factory at a village near Nashik early on Saturday. The blast occurred at around 0315 hours (IST) and a three-storeyed building collapsed under the impact of the blast, police said. At least 18 other people are believed to have been trapped in the debris, police sources said. The explosives factory, called Premier Explo, at Harsule village was involved in gelatin production, they said. At least 17 to 20 workers were working in the factory when the incident took place, police said. Senior officials have rushed to the spot and rescue work was in progress. Two of the injured workers were admitted to a hospital in Nashik. The bodies of the victims will be brought to Nashik Civil Hospital for post-mortem later on Saturday. Meanwhile, the BSE Sensex opened firm, as buying continued for index pivotals, especially for Reliance Industries (RIL) on the first day of the week. The benchmark Sensex has attained the 14,000 mark with firm Asian markets providing the initial momentum. At 10:09 IST the BSE Sensex was up 105.46 points, at 14,042.83. It opened with an upward gap, at 14,044.71, and advanced to a high of 14,067.07. Its low for the day is at 14,017.42. The total turnover on BSE amounted to Rs 401 crore. The market-breadth was strong on BSE, with 1,114 shares advancing as compared to 309 that declined. Among the 30-Sensex pack, 25 advanced while the rest declined. Ranbaxy laboratories was the top-gainer, up 2.37% to Rs 391, on a volume of 44,166 shares. Index heavyweight Reliance Industries (RIL) advanced 1.82% to Rs 1613, as 1.51 lakh shares changed hands on BSE. L&T (up 1.30%), SBI (up 1.26%), and Bhel (up 1.03%), were among the other gainers. Satyam Computers on the other hand was the top-loser, down 1.10% to Rs 465.40, on a volume of 29,926 shares. Infosys Technologies (down 0.75%), Dr Reddy’s (down 0.74%), and ONGC (down 0.80%), were the other prominent losers. Mercator lines surged nearly 4% to Rs 44.70, after the company said on Saturday it would invest about Rs 1000 crore to buy four dry bulk vessels through its Singapore unit. The vessels, expected to be delivered by July, would take Mercator's consolidated fleet to 27 vessels with a capacity of about 2.45 million tonnes, Mercator Lines informed. Foreign funds resumed buying on Thursday (3 May) after they had turned sellers in two trading sessions, on 27 April and 30 April. FIIs were net buyers to the tune of Rs 56.20 crore on 3 May 2007, as compared to their outflow of Rs 304.60 crore on 30 April 2007. The market was closed on 1 May 2007 and 2 May 2007, on account of public holidays. The net inflow from FIIs of Rs 56.20 crore on 3 May 2007, was a result of gross purchases worth Rs 2753.50 crore and gross sales to the tune of Rs 2697.30 crore. But provisional data showed that foreign funds had turned sellers again on Friday (4 May), the day when the Sensex lost 144 points, led by a fall in index heavyweight Reliance Industries (RIL). FIIs were net sellers to the tune of Rs 131 crore on Friday. Domestic institutional investors were net buyers to the tune of Rs 299.10 crore on Friday. The two key events to watch out for this week, are the outcome of elections in Uttar Pradesh (UP) and the outcome of US Federal Reserve’s meeting on Wednesday (9 May). The seventh and final phase of polls in Uttar Pradesh is scheduled for on Tuesday (May 8) and counting of votes is due on 11 May 2007, with results expected the same day. The UP vote is seen as a barometer of national political trends. Asia-Pacific stocks rose on Monday, with Australian and South Korean shares scaling fresh peaks, as investor sentiment got a lift from gains on Wall Street that pushed the blue-chip Dow to its fourth straight record close. Key benchmark indices in Australia, China, Hong Kong, Japan, Singapore, South Korea, and Taiwan were up 0.5 - 2.1%. US stocks climbed on Friday, lifted by talk of potential takeovers and after the influential non-farm payrolls data showed the world's biggest economy posted its slimmest gain in jobs in more than two years for April, helping ease inflation concerns. Dow rose 23.24 points (0.18%), to a record close of 13,264.62. The tech-laden Nasdaq Composite Index added 6.69 points (0.26%), to end at 2,572.15. The main focus for the week will be the outcome of the US Federal Reserve meeting on Wednesday and, while no one expects a rate move, investors are keenly awaiting the central bank's latest assessment of the world's biggest economy. Brent crude for June delivery fell 22 cents to $65.09 a barrel, as rising US crude stocks alleviated fears of a shortfall in the world's top energy consumer ahead of the peak summer driving season. [With Inputs from the Internet]