Sensex Closes with modest gains: Pritish Nandy Communications Ltd(Recommended at Rs.42--Rs.43 range) and Nagpur Power and Industries Ltd hits the buyer freeze: Premier Explosives Ltd which is very cheap in comparison to Solar Explosives Ltd almost reached the circuits today with huge volumes. The company will declare the results on 30-06-07:Premium Group members will get a short term call, tomorrow morning, which is expected to give them at least 20% return in 15 days:

The market settled with modest gains as buying continued throughout the day. The market swung sharply for a while in late trading ahead of the expiry of derivatives contracts for June 2007 series. Rollover from Nifty June 2007 series to Nifty July 2007 stood at 48.29% till Wednesday, 27 June 2007. Shares from cement, sugar and banking sector were in demand, while auto and metal stocks attracted selling. Sensex rose 61.72 points to 14,492.72, as per provisional close. It opened higher at 14,498.05, and surged to strike a high of 14,537.04 at 09:57 IST on higher global markets. The index slipped to a low of 14,435.24 at 14:39 IST. The total turnover on BSE amounted to Rs 4,682 crore compared to Rs 3,460 crore at 14:30 IST. The market breadth was strong on BSE with 1,482 shares advancing as compared to 1,164 that declined, while 65 remained unchanged. Among the Sensex constituents, 16 advanced while the rest declined. Shares from the cement pack rallied, on renewed buying after 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 that the prices had gone up by a few rupees in south India. Cement major ACC surged 9.06% to Rs 905, on 8.88 lakh shares. It was the top gainer from the Sensex pack. 3 out of top 4 gainers from the Sensex were cement pivotals. Ambuja Cements (up 7.43% to Rs 125.10), and Grasim (up 4.51% to Rs 2615.75) surged. Housing Development Finance Corporation (HDFC) jumped 5.44% to Rs 1966 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. Pharma major Ranbaxy Laboratories advanced 1.82% to Rs 349. Ranbaxy Pharmaceuticals Inc (RPI), its wholly-owned subsidiary, has launched Pravastatin Sodium 80 mili gram tablets in the US. Pravastatin is indicated for the primary prevention of coronary events as in hypercholesterolemic patients without clinically-evident coronary disease. State-run banking major State Bank of India (SBI) rose 1.64% to Rs 1471 on reports that it is planning to launch a private equity fund with a corpus of $1 billion (Rs 4,100 crore). State run oil exploration major Oil & Natural Gas Corporation (ONGC) lost 1.98% to Rs 903, on 3.48 lakh shares. It was the top loser from the Sensex pack. Aluminum and copper major Hindaco Industries saw high volatility today, swinging in a range of Rs 164 –Rs 171.25. It settled 1.18% lower at Rs 168, on 48.93 lakh shares. Auto stocks were weak with Bajaj Auto (down 1.70% to Rs 2095), Tata Motors (down 1.18% to Rs 664) and Maruti Udyog (down 0.37% to Rs 749) declining on profit booking. Bajaj Auto went ex-dividend today, for a dividend of Rs 40 per share on face value of Rs 10. Index heavyweight Reliance Industries (RIL) lost 0.44% to Rs 1,690.25 on 6.42 lakh shares. Asian markets were trading strong today, 28 June 2007. Hong Kong’s Hang Seng index surged 1.07% at 21,938.22 while Japan's Nikkei gained 0.46% at 17,932.27. Taiwan's Taiwan Weighted (up 0.55% at 8,829.23), Singaopre’s Straits Times (up 0.93% at 3,538.23) and South Korea's Seoul Composite (up 1.08% at 1,751.75), also logged gains. However, China’s Shanghai Composite slumped 4.03% to 3,914.20 All the European markets were trading with gains, except Spain’s Madrid General which was down 0.40%. US stocks rose on Wednesday, 27 June 2007 as investors snapped up beaten-down shares after a three-day slide and a nearly 2% jump in oil prices boosted demand for energy companies' shares. The Dow Jones industrial average was up 90.07 points, or 0.68%, at 13,427.73. The Standard & Poor's 500 Index was up 13.45 points, or 0.90%, at 1,506.34. The Nasdaq Composite Index was up 31.19 points, or 1.21%, at 2,605.35. As per provisional data, FIIs were net sellers of Rs 567.33-crore equities, while domestic institutional investors (DIIs) bought shares worth a net Rs 244.10 crore on Wednesday, 27 June 2007 Oil prices edged higher in Asian trading Thursday, 28 June 2007, following a US government report that showed an unexpected fall in gasoline stocks amid peak summer driving season demand. Light, sweet crude for August 2007 delivery gained 11 cents to $69.08 a barrel in electronic trading on the New York Mercantile Exchange in Singapore. Brent crude contract for August delivery rose a cent to $70.56 a barrel on the ICE Futures exchange in London.