Cement stocks hammered: Chandra Prabhu International Ltd is in talks with the World Famous Rio Tinto Ltd or have signed a secret deal (It is to be remembered that Rio Tinto Ltd, one of the world;s largest mining comanies, went for a major acquisition only some weeks back) for drilling and exploration of its coal mines. Besides, this international coal prices have started to move up and this is positve for the company as the company is into coal. It supplies coal to major factories in Northern India and Central India. It also exports coal and has tied up with some US and South Korean Companies for the export of Synthetic Rubber and allied chemicals. The company is a major in, Jatropha Plantation, will start bearing fruits from this fiscal. Please understand, this now we have a plant which manufactures oil from Jatropha, which means they have ready made customers. Also, if IKF Technollogies Ltd, which has only land and has started Jatropha Plantations,only can command such astronomical valuations, why not Chandra Prabhu Command, Rs.80--Rs.120. Besides, the company has huge properties all over India starting from Pune to Madhya Pradhesh .......Its bio-tech venture is also doing very well. One of the promoters' have already bought good chunks of the scrip from open market and increased his holdings--this is for what??!!!!. I do not why people should sell this "GEM" and that too at such time when the company will start implementing, Iranian Order and also at the time when it has started drilling and exploration for coal. My advice would be to look at the June, quarter results and then take some decision...but still then it is long term gem, I am again telling and that it is abvailable at only Rs.11, can u imagine....Some day someone will make a great report on the company like Expo Gas and it will start to shoot...I have a target of at least Rs.50, in this fiscal.....: There are some wonderful news on Simmonds Marshall Ltd. apart from benefiting from the appreciation of Rupee. Keep accumulating...: Ansal Buildwell Ltd has properties Worth Crores of Rupees in India, which could give the intrinsic valuation of the stock to around Rs.500-Rs.600, at least: Also, don't get purturbed by short term blips in the market due to some US news on Sub-prime rates: Please note that with good monsoons, the inflation is expected to go down as the supply side factors will be quelled. This will cool down the interest rates, which might trigger a rally in the interest rate sensitive sectors, like Auto, Auto Ancillary, Construction, Real Estate, etc. If the construction sector moves, then it will take with it other sectors also..and the chain reaction. Besides, some Infrastructure Related funds (both Indian and Overseas; latest is from the Gulf Region)have alraedy started investing in the Indian Real Estate Sector as the story looks good and promising. So, I think any dip in the Real Estate Sector is temporary, as the land is scarce and also due to rising income of the Indian Middle Class...Besides, there is NO CORRECTION in the Premium Segment of the Real Estate space. Many Builders have comfortably sold Rs.2 Cr plus, apartments to customers, in Mumbai(Bombay) and Pune(this is from sources close to me). In NCR (or may be in Nioda and Gurgaon alone), the property prices are hitting the roof;ditto in Calcutta(Kolkata) and Bangalore....so I do not understand how the Real Estate sector should suffer in the long term: Hence my advice is not to get too much purturbed by all these falls, in the short term:Southen Online Bio Technologies Ltd has a strong support at Rs.17. But all should book complete profits in the company and wait for the scrip to correct for re-entry:

MY COMPUTER SYSTEM IS STILL OUT OF ORDER AND HENCE BOTH THE PREMIUM AND FREE GROUP MEMBERS, PLEASE BEAR WITH ME. IF I FIND THE MARKET CONDITION CONDUSIVE FOR FRESH INVESTMENTS, THEN I WILL RECOMMEND A STOCK/SCRIP WITHIN THIS WEEK, WHICH WILL BE RISK FREE AND FOR THE SHORT TERM ONLY, AND HENCE KEEP SOME CASH READY:

For the Introductory offer, till 15 th August, 2007 for getting enrolled in the Premium(Paid) Membership one should send me a mail at suman2005s@rediffmail.com. After 15th August,2007, there will be Serious Revision of rates:

[Updated at 60.45 p.m]

The market remained weak throughout the day's trade, as correction set in after five straight days of rally. Weakness in global markets and unwinding of positions in derivatives ahead the expiry of July 2007 derivatives contracts tomorrow, 26 July 2007, played spoilsport. Volatility was high, which is likely to intensify tomorrow.

Stocks from cement, real estate, auto, IT sector came under intense selling pressure. However buying was seen in FMCG, oil & gas and consumer durable stocks.

Though most Asian and European markets were subdued to weak, Chinese market outperformed and it was at striking distance of all time high

The BSE 30-share Sensex lost 95.59 points to 15,699.33. It had opened lower at 15,711.87 but advanced to hit a high of 15,771.26 at 10:41 IST, on value buying coupled with short covering. It slumped to a low of 15,572.98 at 13:25 IST as selling intensified.

At the day's lowest point, the Sensex had lost 222 points for the day. Sensex oscillated 198.28 points today between a low of 15,572.98 and a high of 15,771.26 Prior to today's fall, the Sensex had jumped 505.10 points in five trading sessions to 15,794.92 on Tuesday, 24 July 2007 from a recent low of 15,289.82 on 17 July 2007.

The NSE Nifty slipped 32.05 points to 4,588.70. The Nifty July 2007 futures settled at 4597, a discount of 8.30 points as compared to spot closing. The market breadth was weak on BSE, with 1,735 shares declining as compared to 901 that advanced, while 68 remained unchanged.

The BSE Mid-Cap Index lost 57 points or 0.84% to 6,755.20, while the BSE Small-Cap Index slipped 97 points or 1.2% to 8,056.36.

The BSE clocked a turnover of Rs 5,605 crore as against Rs 6,464.27 crore on Tuesday, 24 July 2007. The NSE F&O turnover vaulted to record of Rs 72,365.46 crore as compared to Rs 64,281.92 crore on Tuesday, 24 July 2007. Among the Sensex pack, 23 of the 30 constituents were in the red. India's largest cigarette manufacturer ITC surged 8.57% to Rs 165.30 on 57.99 lakh shares. It was the top gainer from the Sensex pack. The company announces Q1 June 2007 results on Friday, 27 July 2007. Foreign brokerage CLSA has raised its price target to Rs 184, and upgraded it to buy from underperformer.

Meanwhile, ITC is reportedly planning to sell home and personal-care products to sustain growth as new taxes and curbs on smoking threaten cigarette sales. The new products will be sold through the company's network of 6,400 web kiosks and 18 supermarkets.

India's largest FMCG firm in sales Hindustan Unilever rose 1.03% to Rs 201.50 on rumors the company is disposing off of its prime properties across India including its corporate office Lever House in Mumbai. The company is also selling some of its residential properties in Mumbai's suburbs. It may either develop its 30-acre property in Bangalore or sell it entirely. The company, however, denied these reports.

The BSE FMCG Index jumped 3.91% to 1,915.35, and was the top gainer from sectoral indices on BSE. Colgate Palmolive India (up 0.65% to Rs 371.50), and Dabur India (up 0.80% to Rs 101.35) were the other gainers from the FMCG pack. NTPC, India's largest power generation company, gained 2.35% Rs 167.45. The stock had risen 3.6% on Tuesday 24 July 2007 after it signed an MoU with Asian Development Bank for setting up a joint venture company to undertake renewable power generation. The company made this announcement after trading hours on Monday, 23 July 2007.

India's largest oil explorer ONGC advanced 2.35% to Rs 937 after it today, 25 July 2007, reported an 11.9% growth in net profit to Rs 4610 crore in Q1 June 2007 over Q1 June 2006.

IT pivotals were subdued after the rupee gradually approached the crucial 40-mark today, touching new nine-year high of 40.22 against the US currency in early trade. Fourth largest software services exporter Satyam Computers plunged 6.18% to Rs 486.25, on 9.20 lakh shares. It was the top loser from the Sensex pack. Other IT pivotals, TCS (down 1.93% to Rs 1148), and Wipro (down 1.31% to Rs 499.85), also edged lower The BSE IT Index lost 1% at 4,906.79. However, India's second-largest software services exporter Infosys Technologies gained 0.69% to Rs 1,992. The company announced after market hours today, that it was awarded a $250 million global BPO contract by Royal Philips Electronics.

Cement stocks plunged after their recent rally following reports today, 25 July 2007, that on Tuesday, 24 July 2007, MRTCP had ordered a probe into the business practices of 14 leading cement manufacturers. Ambuja Cements (down 5% to Rs 127.70), ACC (down 3.83% to Rs 1075), Grasim (down 1.08% to Rs 2,990) Birla Corporation (down 5.82% to Rs 266.30), JK Cement, (down 0.58% to Rs 170), India Cement (down 9.01% to Rs 204), UltraTech Cement (down 4.94% to Rs 920) slipped.

India's largest private sector company Reliance Industries (RIL) was down 0.19% to Rs 1,908.10, on 5.61 lakh shares. As per reports, RIL is planning to set up 4,000 mega watt gas-based power generation capacity at multiple locations at an investment of Rs 10,000 crore, in addition to a mega fertiliser plant at Kakinada in Andhra Pradesh.

Second largest bike maker Bajaj Auto slumped 3.61% to Rs 2,360 after it scheduled a separate meeting of equity shareholders and unsecured creditors on 18 August 2007 for considering and, if thought fit, approving with or without modification(s) the scheme of arrangement between the company, Bajaj Holdings & Investment & Bajaj Finserv and their respective shareholders & creditors.

HDFC, country's largest housing finance company slipped 0.54% to Rs 1964. It posted 25.60% rise in net profit in Q1 June 2007 to Rs 372.81 crore over Q1 June 2006. Total operating income rose 46.60% to Rs 1830.39 crore in Q1 June 2007 over Q1 June 2006.

Allied Digital Services settled at Rs 331.80 on BSE, a premium of 74.63% over the IPO price of Rs 190. The scrip debuted at Rs 332.50 on BSE, and touched a high of Rs 370.50 and a low of Rs 309.50 during the day. On BSE, 88.27 lakh shares changed hands on the counter. Allied Digital Services IPO ended on 5 July 2007, with 60.87 times subscription.

Real estate stocks, DLF (down 2.95% to Rs 637), Parsvnath Developers (down 3.75% to Rs 372), Sobha Developers (down 1.24% to Rs 917) and Unitech (down 3.62% to Rs 567.45), slipped on profit booking. The BSE Realty index lost 2.90% to 8,131.93, and was the top loser among the sectoral indices on BSE.

The BSE Capital Goods Index declined 2.5% at 13,428.80, as capital goods stocks came under selling pressure after recent rally. The index has rallied 107.10% in the past one year from 6394.21 on 24 July 2006.

Suzlon Energy (down 6.74% to Rs 1400), Praj Industries (down 3.45% to Rs 212.40), L&T (down 3.21% to Rs 2582), and Bhel (down 2.26% to Rs 1794), declined from the Capital Goods index.

Godavari Fertilizers & Chemicals plunged 9% to Rs 121.40 whereas Coromandel Fertilisers rose 0.92% to Rs 86 after their boards approved the amalgamation scheme, with shareholders of GFCL entitled to receive 3 equity shares of Rs 2 each of the CFL for every 2 equity shares of Rs 10 each held in GFCL.

India's largest paper manufacturers Ballarpur Industries gained 3.71% to Rs 124 after announcing a major restructuring exercise involving the paper manufacturer buying back 40% of its equity capital after splitting each share with a face value of Rs 10 into five shares of Rs 2 each. Each shareholder would be allowed to sell 2 out of every 5 split shares back to the company at Rs 25 each. Small shareholders owning up to 1,000 pre-split shares would be allowed to surrender their entire holdings. Ballarpur Industries also said the board approved hiving off its three units into separate entities and raise Rs 1,950 crore. Its units at Bhigwan, Ballarpur and Kamalapuram would be separated into a wholly-owned subsidiary BILT Graphic Paper Products (BGPPL).

The largest steel manufacturer in India, Steel Authority of India's (Sail) slipped 5.16% to Rs 152.55 after its net profit rose 10% to Rs 1,525.12 crore in Q1 June 2007 over Q1 June 2006. Total income inched up 8.2% to Rs 8,346.40 crore in Q1 June 2007 over Q1 June 2006.

Lanco Infratech plunged 10.62% to Rs 209.15 after the empowered group of ministers (E-GoM) headed by power minister Sushil Kumar Shinde, on Tuesday, 24 July 2007, decided to scrap the allotment of the 4,000- mega watt Sasan power project in Madhya Pradesh to the lowest bidder, the Lanco-Globeleq consortium. E-GoM declared Lanco's bid as void ab-initio (invalid from the outset).

Mid-sized software firm Mindtree Consulting tumbled 8.54% to Rs 670.70 after it lowered its profit guidance for 2007-08 to $22.5-$22.6 million due to the appreciation of the rupee against the dollar.

Real-estate firm Mahindra Gesco Developers lost 3.4% to Rs 599 even as it reported a 260.9% surge in net profit to Rs 12.20 crore in Q1 June 2007 over Q1 June 2006.

Pidilite Industries, India's biggest maker of adhesives, rose 5% to Rs 146 after its net profit advanced 53.03% to Rs 58 crore in Q1 June 2007 over Q1 June 2006 Power generation equipment maker Thermax gained 4.91% to Rs 631.20 after it reported a 103% surge in net profit to Rs 56.01 crore in Q1 June 2007 over Q1 June 2006. Blue Star, maker of refrigeration and cooling systems, vaulted 11.33% to Rs 281 after it reported a 205% surge in net profit to Rs 22.32 crore in Q1 June 2007 over Q1 June 2006.

Modern Steel rose 4.69% to Rs 89.30 after its board recommended 3 bonus shares for every 2 shares held. The mid-sized carbon and alloy steel maker had made the announcement after market hours yesterday, 24 July 2007.It was recommended to Premium Group members at around Rs.62--Rs.63:

Minda Industries advanced 2.54% to Rs 137.50 following reports that it is looking for acquisitions of Rs 200 crore in Europe to enhance its global presence and product portfolio.

Asahi India Glass slumped 8.18% to Rs 101 even as it posted 316% rise in net profit to Rs 20.72 crore in Q1 June 2007 over Q1 June 2006.

The market is likely to be extremely choppy tomorrow, 26 July 2007 as derivatives contracts expire. The total open interest in NSE's futures and option (F&O) segment vaulted to an all-time record of Rs 1,02,247.50 crore on 25 July 2007, from Rs 94,285.34 crore on the previous day.

Asian indices edged lower today, 25 July 2007, after US blue-chips suffered their biggest single-day loss since March 2007. Japanese shares fell on declines in exporters such as Canon Inc. and Sony Corp., while in Australia, resources companies such as BHP Billiton led losses. Japan's Nikkei tumbled 0.80% at 17,858.75.

Hang Seng (down 0.47% at 23,362.18) and Singapore's Straits Times (down 0.86% at 3,633.54) declined. However, Shanghai Composite jumped 2.70% to 4,323.96, almost kissing its all time high of 4,335.96.

All the European markets were trading lower today, 26 July 2007, except FTSE 100, which was up 0.04%.

Wall Street shares slumped sharply yesterday, 24 July 2007, on disappointing earnings reports and rising concerns about the mortgage market. The Dow Jones shed 226.47 points, or 1.62%, at 13,716.95. Twenty-nine of the 30 Dow components fell. Other major stock indicators also suffered steep declines. The Standard & Poor's 500 index shed 30.53 points, or 1.98%, to 1,511.04. The Nasdaq Composite index lost 50.72 points, or 1.89% at 2,639.86.

Crude oil fell for a fourth day in New York on speculation US gasoline production will be sufficient to meet late summer demand. Crude oil for September 2007 delivery declined as much as 46 cents, or 0.6%, to $73.10 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $73.22 in Singapore. [With Inputs from the Internet]