At last mid and small cap action has begun, but there are also some opportunities in the large cap space, but for this you need to have a good analyst near ur bed. Do not start to buy all Tom, Dick and Harry stock in the mid and small cap space; U might end up with a junk scrip. Try protecting ur capital and at the same time make money: My morning call on Jai Parabolic Springs Ltd hit the buyer freeze. The company will get great synergy by amalgamation with Jamna Auto Ltd, which was recommended by sify.com. Fundamentals of Jai Parabolic Springs Ltd is excellent and I am looking at a price of Rs.60 plus in the coming days: Premier Explosives Ltd could see new highs within a short time as the company comes up with excellent results tomorrow and liberal dividends(if any). The company could also announce the starting of trial production in its overseas plants in Georgia and Turkey annual report. Keep holding as the stock is now in the strong hands: My morning call on Kanishk Steel & Industries Ltd hit the buyer freeze in the early trade. Keep holding: There is no stopping of Tilaknagar Industries Ltd: My recommended Scrip Ricoh India Ltd came up with wonderful results for FY07, keep holding...Also keep close watch on K......E.....!! Shares from the sugar pack rallied for the second straight day, as buying continued after the Finance Minister told a TV channel that more sops will be given to the sugar sector if required. Bajaj Hindusthan (up 3.71% to Rs 162), Sakthi Sugars (up 4.36% to Rs 83.70), Balrampur Chini Mills (up 6% to Rs 71.50) and Shree Renuka Sugars (up 4.06% to Rs 620) surged. The market opened on a buoyant note on steady-to-firm Asian markets and on smooth rollover of positions from the June 2007 series to the July 2007 series in the derivatives segment. It extended early gains. The June 2007 derivatives contracts expired on Thursday, 28 June 2007. The BSE 30-share Sensex spurted past 4,600 in the opening session. At 11:23 IST, the Sensex was up 117.90 points to 14,623.45. It opened higher at 14,589.52, and surged to strike a high of 14,636.62 at 10:48 IST, as buying continued. The benchmark slipped to a low of 14,574.45, at 10:20 IST. The BSE Sensex is just 87.26 points away from its all time high of 14,723.88, which was struck on 9 February 2007. As per market data, rollover from the Nifty June 2007 series to Nifty July 2007 was smooth, with marketwide rollover of 69% and Nifty rollover of 74%. The total turnover on BSE amounted to Rs 1446 crore as compare to Rs 599 crore by 10:30 IST. The market breadth was strong on BSE with a little under 2 gainers for every loser: 1,467 shares advanced as compared to 856 that declined, while 67 remained unchanged. Among the Sensex pack, 21 advanced while the rest declined. Housing Development Finance Corporation (HDFC) jumped 3.17% to Rs 2021, and was the top gainer from the Sensex pack, after it received Rs 445 crore for its stake sale in BPO firm Intelenet to Blackstone, which has resulted in a total capital gain of Rs 381 crore on its BPO venture. At its 30th annual general meeting (AGM) held on Wednesday, 27 June 2007, HDFC chairman Deepak Parekh said interest rates had peaked and he expected them to remain stable for some time. It also surged to an all time high of Rs 2028, in intra-day trade. Shares from the cement pack rallied for the second straight day as buying continued after the Finance Minister P Chidambaram told a television news channel, after market hours, on Wednesday, 27 June 2007, that there was no freeze on cement price and the government has not tried to control cement prices. He also said prices had gone up by a few rupees in south India. Cement major ACC gained 2.25% to Rs 919.05 on 2.60 lakh shares. Infosys Technologies rose 0.89% to Rs 1943 on rumours that it is mulling a bid to buy Europe’s largest IT services giant, Capgemini. Both Infosys Technologies and Capgemini have denied the takeover rumours, though the Capgemini stock surged on Thursday, 28 June 2007, boosted by this rumour. Infosys Technologies will announce its first quarter June 2007 results on 11 July 2007. However other IT pivotals, Satyam Computers (down 0.10% to Rs 467.50), and Wipro (down 0.13% to Rs 514.50), edged lower. State-run banking major State Bank of India (SBI) rose 1.82% to Rs 1497.10 on reports that it is planning to launch a private equity fund with a corpus of $1 billion (Rs 4100 crore). ICICI Bank rose 0.55% to Rs 943.50. The BSE Bankex was up 0.44% at 7,786.72. Aluminum and copper major Hindaco Industries lost 2.20% at Rs 165.25, on 4.35 lakh shares. It was the top loser among the Sensex constituents. Auto stocks slipped on selling pressure, with Hero Honda Motors (down 1.26% to Rs 672.10), and Maruti Udyog (down 0.72% to Rs 744.50) declining. Wendt India rose 3.97% to Rs 790 after the machine tool accessories maker said Winterthur Technologies AG has indirectly acquired 40.02% of the company from parent, Wendt GmbH Germany. The company made the announcement before trading hours today, 29 June 2007. Indian state-run lender IDBI rose 3.86% to Rs 117, after it said on Thursday, 28 June 2007, after market hours that it had sold 2% stake in the National Stock Exchange of India (NSE) to MS Strategic (Mauritius) for $50 million, after receiving the necessary approvals. Annual inflation data for the week ending 16 June 2007 will be released today, 29 June 2007. Asian stocks were mixed today, 29 June 2007, after the US Federal Reserve left US interest rates unchanged and the yen weakened against the dollar. Japan's Nikkei surged 1% at 18,111.95) and Straits Times (up 0.22% at 3,545.86) edged higher. However, Taiwan's Taiwan Weighted slipped 0.35% at 8,861.45 and Seoul Composite declined 0.47% at 1,743.60 US stocks finished flat on Friday, 29 June 2007, after the Federal Reserve said the economy appeared to be growing at a moderate pace. Fed, however, repeated its worries about inflation. The Dow Jones industrial average lost 5.45 points, or 0.04%, to 13,422.28. Broader stock indicators finished mixed. The S&P 500 index slipped 0.63 points, or 0.04%, to 1,505.71, and the Nasdaq Composite rose 3.02 points, or 0.12%, to 2,608.37. As per provisional data, FIIs were net sellers of equities worth Rs 398.11 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 73.51 crore on Thursday, 28 June 2007. Oil held steady around $70 for a third session on Friday, 29 June 2007 as the market remained focused on falling US gasoline inventories and a decline in crude stocks in a key delivery point in the world's largest consumer. US crude rose 5 cents to $69.62 a barrel.