Sensex gains 88 points in choppy trade: Premier Explosives Ltd Kissed Rs.49, with huge volumes before fallinig down a bit. On the daily charts it has given a clear breakout. Keep holding or add on all declines. The company is going to pay a liberal dividend in addition to the wonderful results on 30-06-07: Southern Online Bio-Technologies Ltd has now been recommended by the noted analyst from Mumbai(Bombay) Mr.S P Tulsiyan, C.A. Do not sell a single share as the company could declare the starting of the commercial production at any time. I have mentioned earlier that the the scrip is highly undervalued: Kernex Micro System Ltd hits the buyer freeze in the early trade as the news got flushed that the company is expected to get a huge order from the Indian Railways. Keep holding: I am going to recommend a stock tomorrow and hence keep ur cash ready: Huge interest is seen today in the small and mid cap counters:

The market settled with modest gains as buying continued in index pivotals. It rose for the third straight trading session today. Nevertheless, intense volatility was hallmark of today’s session. The market was firm till the early afternoon. It saw sharp swings in the second half of the trading session. The BSe 30-share Sensex struck intra-day low as well as intra-day high of the day during last one hour or so of trade. Volatility is expected to stay on over the next few days ahead of the expiry of the June 2007 derivatives contracts next Thursday, 28 June 2007. Shares from the capital goods sector were in demand today. The Sensex was up 88.36 points to 14,500.31, as per provisional closing. It opened higher at 14,415.56 and slipped to touch a low of 14,406.67 at 14:21 IST, which was a fall of 5.28 points for the day. However, it recovered sharply from that low to strike a two-week high of 14,526.44 by 15:16 IST, which was a gain of 114.49 points for the day. Meanwhile, the follow-on public offer (FPO) of ICICI Bank was subscribed 3.83 times by 15:00 IST on Thursday, 21 June 2007. The issue closes on Friday, 22 June 2007. The turnover on BSE crossed Rs 5,000 crore mark for the second straight day today. It surged in the last hour of trade to Rs 5,277 crore compared to Rs 3,969 crore by 14:30 IST. The market breadth was positive on BSE with 1,443 shares advancing as compared to 1,156 that declined, while 92 remained unchanged. Among the Sensex pack, 16 gained, while the remaining were trading in the negative territory. Reliance Energy spurted 4.67% to Rs 563.10, on 2.99 lakh shares. It was the top gainer from the Sensex pack. The company is one of the five qualified bidders who had submitted its proposal for the 4,000-mega watt Sasan ultra mega power project. The BSE capital goods index soared to an all-time high of 11,835.98, led by heavyweights L&T and Bhel. Engineering and construction major L&T was up 4.24% to Rs 2,114 on 6.89 lakh shares. L&T spurted to an all-time high of Rs 2,149 today. L&T said during trading hours today, 21 June 2007, it has signed a $95-million shipbuilding contract with Netherland's BigLift. On Tuesday, 19 June 2007, L&T and Eastern Contracting LLC (Eastern) had jointly bagged a Rs 610-crore order from Victory Heights Golf Residential and Development, to build a residential property in Dubai Sports City. The project is expected to be completed in 660 days. State-run engineering major Bharat Heavy Electrical (Bhel) spurted 3.86% to Rs 1,484.90, on 2.15 lakh shares. It rose to an all-time high of Rs 1,491 today. Bhel had bagged a Rs 139-crore contract from NTPC for supplying and commissioning of 27 transformers on 19 June 2007. State Bank of India (SBI) saw high volatility in the day. It surged 2.93% to Rs 1,467 after striking a low of Rs 1,400 earlier during the day. SBI is set to raise $225 million from the overseas market this year by issuing perpetual bonds. The overseas issue opened on Monday, 18 June 2007, and the bank is expected to price the bonds this week. It plans to raise a total of Rs 15,000 crore this year in the form of equity (tier-I) and debt (tier-II). Aluminium and copper major Hindalco Industries advanced 2.74% to Rs 166.85 on high volumes of 23.48 lakh shares. A block deal of 5 lakh shares was struck on the counter on BSE at Rs 163 per share by 12:29 IST. There is market speculation that promoters are hiking their stake from open market. Housing finance major HDFC moved up 2.20% to Rs 1,850. HDFC’s chairman Deepak Parekh had recently indicated that home loans may get a little more expensive after the monsoon. A possible tightening by the central bank could push up rates. Index heavyweight Reliance Industries (RIL) was down 0.36% to Rs 1,726.90 on 5.63 lakh shares. As per reports, global oil giants including Shell, Exxon and Chevron are eying a stake in Reliance Industries’ overseas oil & gas assets. RIL recently hived off these assets into a separate company, Reliance Exploration and Production DMCC. IT stocks slipped on lack of fresh buying. Satyam Computers lost 1.27% to Rs 465.80 on 3.04 lakh shares. It was the top loser from the Sensex pack. Other IT pivotals did not see much movement. Infosys (up 0.05% to Rs 1955), Wipro (down up 0.91% to Rs 526.50) edged higher, while TCS slipped 0.05% to Rs 1145.25. India's rupee slipped slightly today, 21 June 2007, on speculation refiners will use the currency's recent gains to buy dollars to reduce costs arising from higher crude oil prices. The rupee fell to 40.76 per dollar from 40.75 on 20 June 2007. It has gained 8% this year. A stronger rupee impacts the profit margins of IT firms which derive a lion's share of their revenue from exports Auto counters dropped. Hero Honda Motors lost 1.13% to Rs 661.15, while Maruti Udyog declined 1.12% to Rs 760. State-run oil exploration major Oil & Natural Gas Corporation (ONGC) was down 0.51% to Rs 912. As per reports, the Directorate General of Hydrocarbons has sharply cut the estimates of ONGC's gas discovery in a block in Krishna-Godavari basin. This may come has a setback to ONGC which was betting heavily on discovery in this particular block for its future growth. ICICI Bank was down 0.29% to Rs 945.10. Retail bidders would be allotted shares at a discount of Rs 50 per share to the issue price determined by the book-building process, in the ICICI Bank FPO. The issue size is Rs 8,750 crore. In addition, there is a green-shoe option under which the bank may allocate additional equity shares up to Rs 1,312.5 crore. The issue including the green-shoe option aggregates Rs 10,062.5 crore. Asian markets were trading higher. Hong Kong's Hang Seng (up 1.25% at 21,954.67), Japan's Nikkei (up 0.14% at 18,237.25), Taiwan's Taiwan Weighted (up 1.10% at 8,851.99) and South Korea's Seoul Composite (up 0.59% at 1,794.24) all edged higher. Shanghai Composite extended gains and was up 1.18% to 4,230.82 In contrast, all the European markets were trading weak. A surge in treasury yields rattled Wall Street on Wednesday 20 June 2007, forcing stocks to give up early gains. The Dow Jones slipped 146 points, or 1.07%, to 13,489.42, after bobbing in and out of positive and negative territory earlier in the day. Broader stock indicators also tumbled. The Standard & Poor's 500 index declined 20.86 points, or 1.36%, to 1,512.84, and the Nasdaq Composite index fell 26.80 points, or 1.02%, to 2,599.96. As per the provisional data, FIIs were net buyers of shares worth Rs 242.29 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 104.13 crore on Wednesday , 20 June 2007. Oil prices nudged higher on Thursday, 21 June 2007, after declining 2% on Wednesday, 20 June 2007, on data showing a surge in US crude stocks, with dealers refocusing on a general strike in Nigeria and unusually low US refinery operations. London benchmark Brent crude rose 27 cents to $70.69 a barrel by. Prices had touched a 10-month high of $72.25 on Monday, 18 June 2007.