Market drifts lower on weak global equities: My Recommended Scrip, Nagpur Power and Industries Ltd to the Premium Group Members hits another buyer freeze & another one is hitting daily upper freezes: Premier Explosives Ltd came under some correction after a long rise, Keep holding the counter add on add on all declines: I will be recommending another short term scrip to the Premium Group members soon: Conart Engineers Ltd came out with disappointing set of numbers for the Q4FY--06-07, please exit the counter using this rally: R T S Power Corporation Ltd recommended at around Rs.92,some months back, hit the second target of Rs.180; Book some profits: Tilaknagar Industries Ltd recommended at Rs.42--Rs.45 range some months back, almost reaches it second target of Rs.120, book some profits. This is the magic of my recommendations and hence they are more than 95% accurate all the time. I do not believe in short term playing in the markets and once u have taken position in my picks, u r almost guranteed of success:

[Updated]

The market drifted lower today as selling pressure continued throughout the day. Market may remain volatile tomorrow ahead of expiry of June 2007 derivatives contracts tomorrow, 28 June 2007. All the Asian and European markets, with the exception of China, slipped today, 27 June 2007. Buying was seen in consumer durables and IT stocks, while auto, metal and PSU stocks attracted selling. The BSE 30-share Sensex lost 66.29 points to 14,434.79, as per provisional closing. It had opened slightly higher at 14,520.19, but immediately started declining. It kept on striking fresh lows as the day progressed, with the last being 14,407.12 at 15:21 IST, which was a fall of 93.87 points for the day. It oscillated in a range of about 113 points for the day. The total turnover on BSE amounted to Rs 4,685 crore compared to Rs 3,576 crore by 14:30 IST. The market breadth, which held positive till late afternoon trade, turned negative later as selling emerged for small and mid-cap stocks. On BSE with 1,355 shares declined as compared to 1,266 that advanced. 71 remained unchanged. Among the Sensex pack, 19 declined while the rest advanced IT stocks saw steady buying throughout the day. Satyam Computers spurted 2.76% to Rs 469, on 4.48 lakh shares. It was the top gainer from the Sensex pack. Other stocks from the IT pack -- Wipro (up 0.10% to Rs 509.15), TCS (up 0.80% to Rs 1131.40) and Infosys Technologies (up 0.65% to Rs 1935) -- also gained. Tata Consultancy Services (TCS) on Tuesday, 26 June 2007, said it had entered into an agreement with Scuderia Ferrari to provide the complete software to the Italian automaker’s Formula one (F1) cars. The two companies had in 2004 entered into an agreement to provide IT and engineering services and assist the development of F1 racing cars and Ferrari sports cars. The rupee opened at its lowest in more than two weeks on Wednesday, 27 June 2007, as overseas investors' appetite for risk weakened and on strong dollar demand from oil companies for import payments. In early trade, the rupee was at 41.027/035 per dollar. Housing finance major HDFC rose 0.80% to Rs 1,900, as buying emerged in fag end of the day, after striking a low of Rs 1850. The stock slipped on reports that it has cut floating rates for new home loans by 25 basis points as part of the monsoon offer Auto stocks saw mixed trend. Tata Motors slumped 2.40% to Rs 668 on 1.53 lakh shares, and it was the top loser from the Sensex pack. Maruti Udyog lost 0.42% to Rs 754. Two wheeler makers Hero Honda Motors (up 1.07% to Rs 677) and Bajaj Auto (up 0.30% to Rs 2134) gained. Index heavyweight Reliance Industries (RIL) lost 0.38% to Rs 1,697, on 4.21 lakh shares. It moved in a range of Rs 1692 to Rs 1710.25. As per reports, the Prime Minister's Office (PMO) has referred the issue of pricing natural gas found off the east coast to a committee of secretaries. The move comes in the wake of differences the petroleum ministry has with the power and fertiliser ministries over the methodology adopted for arriving at the gas price. Reliance Communications (down 2.39% to Rs 513.20), Reliance Energy (down 2.02% to Rs 577.90) and NTPC (down 2.22% to Rs 150), were the other losers. Aluminium and copper major Hindalco Industries lost 1.30% to Rs 168.90, on 31.81 lakh shares. Fall in global metal prices on Tuesday, 26 June 2007, weighed on the counter. Pharma major Ranbaxy Laboratories lost 1.05% to Rs 343.50. Goldshield become the latest in a string of companies to pay millions of pounds in out-of-court settlements to the National Health System (NHS) for alleged drug price-fixing. Goldshield's settlement follows April's announcement from the UK's Serious Fraud Office that it intended to charge nine people and five companies with conspiracy to defraud the NHS over certain drug prices and supply. Ranbaxy is one of the five companies allegedly involved in a cartel that took place between 1996 and 2000. GMR Infrastructure rose 1.02% to Rs 699, after striking a high of Rs 744.95, which is the lifetime high for the scrip. The stock surged in anticipation of good Q4 March 2007. The company will unveil results on 30 June 2007. The stock was the top traded counter on BSE with total turnover of Rs 296.59 crore All the Asian markets were trading lower today, 27 June 2007 led by Japan, as shares of exporters such as Toyota Motor Corp. and Canon Inc. were hurt by yen's strengthening against the US dollar. Japan's Nikkei was down 1.20% at 17,849.28. Hang Seng (down 0.45% to 21,705.56), Taiwan's Taiwan Weighted (down 0.24% at 8,844.22), South Korea’s Seoul Composite (down 0.94% at 1,733.10), and Singapore's Straits Times (down 0.56% at 3,505.50), all edged lower. However, Shanghai Composite was an exception. It rose 2.65% to 4,078.59 All the European markets were trading lower Wall Street finished an extremely erratic session with a modest decline on Tuesday, 26 June 2007, as investors parsed unimpressive data on home sales and consumer confidence and awaited the Federal Reserve's meeting on interest rates. The Dow Jones fell 14.39 points, or 0.11%, to 13,337.66. Broader stock indicators also fell. The Standard & Poor's 500 index slipped 4.85 points, or 0.32%, to 1,492.89, and the Nasdaq Composite index fell 2.92 points, or 0.11%, to 2,574.16. Oil prices were steady in Asia, on 27 June 2007, as traders awaited the release of a US government inventory report expected to show increases in supplies of crude, gasoline and distillates. Light, sweet crude for August delivery lost 6 cents to $67.71 a barrel in Asian electronic trading on the New York Mercantile Exchange. As per provisional data, FIIs were net sellers of Rs 241.46-crore equities, while domestic institutional investors (DIIs) bought shares worth a net Rs 199.49 crore on Tuesday, 26 June 2007 As is the case at the time of expiry of near-month contracts, the extent of rollover to July 2007 contracts from June 2007 contracts will dictate the trend on the domestic bourses in the near term. A higher rollover indicates that the market players expect bourses to remain firm in the month ahead and vice versa.