Southern Online Bio Technologies Ltd & Premier Explosives Ltd both closed with huge volumes, yesterday: Yesterday, Solar Explosives Ltd(not recommended by me) reached the upper circuit with huge volumes and hence I think the time has come for another equally good(or may be better) explosive Company, Premier Explosives Ltd to, hit the roof: Keep holding both the companies as they have a wonderful story to tell: Cinemax India Ltd recommended to select few at around Rs.139 and Rs.114, crosses Rs.160. Keep holdingn with a SL of Rs.154: AIA Engineering Ltd, recommended to special package group at around Rs.1300, also clocks huge volume and closes above Rs.1500: Bharat Seats recommended at Rs.109, hits another buyer freeze: My earlier recommended scrip ABC India Ltd reaches Rs.41 again. Those who have not sold earlier, please keep holding with a SL of Rs.39: Tera Software Ltd is heading towards Rs.120 mark , keep watch: Reliance Natural Resources Ltd (RNRL) recommended at around Rs.24-25 soared 5.70% to Rs. 31.55 on huge volumes of 3.65 crore shares. It was included in F&O segment from 14 May: Yesterday,the frontline IT pivotals stayed weak throughout the day’s trading session, as the rupee continued its upward march and was quoted at 40.83/84 against US currency in late morning deals on weak dollar overseas and sustained dollar selling by exporters, despite capital outflows.A rise in the rupee directly impacts revenue and profit of IT firms, which derive a lion’s share of revenue from exports to the US:

Also note that Index heavyweight Reliance Industries (RIL) was down 1.48% to Rs 1596.45 on 6.13 lakh shares. It slipped from a high of Rs 1623.25 following reports that it has got a tax benefit of Rs 376.17 crore in 2002-03 because of unreasonable concessions due to under-assessment by tax authorities, as per a report of the Comptroller and Auditor General (CAG) of India, which was tabled in Parliament on Monday, 14 May 2007: The market breadth was just about positive on BSE, with 1,314 shares advancing as compared to 1,270 shares declining, while 81 shares remained unchanged:Yesterday, both the mid and small caps indices closed in the gains, echoing my point that this is the time to invest heavily in this space:

In the US also there is a real dichotomy: "Big corporate America, the staid and stodgy companies, are doing well. They're going up today. Stocks that are riskier, stocks that are smaller, stocks in the emerging market vein or technology vein, those are being sold.":

Asian Stocks Fall Led by Kajima, CSR on Earnings; Inpex Rises:

Japanese stocks paced a decline in Asia after Kajima Corp. forecast a decline in profit, raising concern earnings growth at the country's builders will weaken. Kajima, Japan's largest general contractor, plunged by 10 percent, the biggest drop in nine years. Obayashi Corp. dropped for a fourth day, extending its slide to 11 percent. Australia's CSR Ltd. slid after saying profit will fall. ``Japan's market was bought on the basis of the country's recovery until 2005 but now that phase is over, investors are taking a closer look at the micro level of the economy,'' said Shuichi Hida, who helps oversee $850 million at Plaza Asset Management Co. in Tokyo. Earnings reports have ``resulted in the divergence of companies' share performance.'' The Morgan Stanley Capital International Asia Pacific Index lost 0.2 percent to 148.17 at 11:12 a.m. Japan's Nikkei 225 Stock Average declined 0.2 percent while the broader Topix Index fell 0.4 percent. Australia's S&P/ASX 200 Index dropped 0.2 percent. Energy stocks such as Inpex Holdings Inc. rose after crude oil prices climbed. All benchmarks in the region fell, except in South Korea, Taiwan, Malaysia, New Zealand and the Philippines. U.S. stocks dropped yesterday after profit at Home Depot Inc. dropped more than forecast, housing prices tumbled and foreclosures rose, heightening concern the real-estate slump may worsen. The Standard & Poor's 500 Index slipped 0.1 percent. Declining Earnings: Kajima plunged 10 percent to 526 yen, set for its biggest tumble since April 1998. The company expects a 23 percent drop in net income this business year, with a 2.2 percent slip in sales. Profit in the year ended March 31 jumped 84 percent. Obayashi, Japan's fourth-largest builder, dropped 4 percent to 702 yen. The stock extended yesterday's 5.8 percent slide, when the company forecast a 41 percent fall in net income this fiscal year. Earnings announcements in Japan peaked yesterday with 301 companies reporting, the most on a single day in a decade, the Nikkei newspaper said. Toshihiko Okino, an analyst at UBS AG in Tokyo, said profit forecasts for this year among the three largest construction companies missed consensus forecasts. ``Analysts thought the earnings at construction companies would be a lot better than they turned out,'' said Akihide Kinugawa, who helps manage the equivalent of $19 billion in Japanese stocks at T&D Asset Management Co. ``With Japanese shares now trading at twice the level they were in 2003, the earnings don't provide sufficient reason for indexes to rise.'' Energy Stocks Gain: CSR, Australia's biggest sugar refiner and home-building materials maker, slumped 3.6 percent to A$3.52. Earnings before interest and tax this year are ``unlikely to reach'' the A$406.1 million ($338 million) Sydney-based CSR reported for the 12 months to March 31, Chief Executive Officer Jerry Maycock said in a statement. Sugar prices have fallen and a housing slump has hurt demand for building-materials products. A measure of energy stocks on MSCI's Asia-Pacific index gained 0.8 percent. Oil futures in New York gained 1.1 percent yesterday to $63.17 a barrel, the highest since May 3. Prices were recently at $63.13 in after-hours trading. Inpex, Japan's largest oil explorer, climbed 1.9 percent to 1.05 million yen. Nippon Oil Corp., its biggest refiner, jumped 5 percent to 1,032 yen amid speculation it can pass on higher oil costs to consumers. SK Corp., South Korea's largest refiner, rose 3.4 percent to 107,500 won. [With Inputs from the Internet]