Sensex slips into the red; BSE Realty index hits all time high, but heavy buying took place in the small, mid and micro-cap counters in the early trade: Realty Stocks fired all cylinders in the early trade: Ansal Buildwell Ltd rose up with huge volume. Keep accumulating this "Gem of the real estate and construction sector" whose FY07, EPS became almost 4 times that of FY-05-06 (Please check the report at www.sumanspeaksplus.blogspot.com): Book some profits in Southern Online Bio Technologies Ltd and keep the rest for any further upmove. The has to pass through lot of resistances in its upward march. The company management now has to prove to the investors/shareholders as how they will fare in the long run:My Gem Noida Toll Bridge, raced ahead with huge volume to hit the circuits at Rs.33.05.The company came out with superb numbers for the June, 2007 quarter. Keep holding with a stop losss mentioned to the Premium Group Members:My Call on Modern Steel Ltd to the Premium Group Members at Rs.62--Rs.63, hit another Buyer freeze, to close at Rs.79.3. The company could come up with Bonus in the next board meeting:

The introductory offer for Premium Group Membership ends on 15 th August, 2007, after which there willl be "Serious Price Revision" of the package, with the addition of some new features:

The market which was steady till early-afternoon trade, turned volatile later and slipped in the red, as profit booking emerged at higher levels. Shares from real estate pack surged on momentum buying on a view that interest rates have peaked for the time being. At 14:44 IST, the BSE 30-share Sensex was down 18.58 points, or 0.12%, to 15,292.64. It opened higher at 15,357.60 and surged to strike an all-time high of 15,440.20 at 10:43 IST. Sensex slipped to a low of 15,292.50 at 14:47 IST The S&P CNX Nifty also struck an all-time high of 4,550.25. It was now down 3.85 points at 4,508.65 The market breadth turned negative as selling emerged for small and mid-cap stocks. On BSE with 1,539 shares declined as compared to 1,112 that advanced, while 78 remained unchanged The total turnover on BSE amounted to Rs 4548 crore compared to Rs 3726 crore by 13:30 IST Shares from the real-estate sector surged in the belief that interest rates have peaked and the Reserve Bank of India may not raise them further in its monetary policy review on 31 July 2007. The overall buoyancy was reflected from the BSE Realty index, which surged to an all time high of 8,144.94 in intra-day trade today. It was now up 2.81% at 8,140.59, and was the top gainer among the sectoral indices on BSE. Indiabulls Real Estate surged 11.75% to Rs 626.50 whereas DLF (down 0.30% to Rs 609) and Unitech (down 0.29% to Rs 558) stayed muted. Among the Sensex pack, 19 declined while the rest advanced. Index heavyweight Reliance Industries (RIL) rallied to an all-time high of Rs 1,834 on reports it had made a gas discovery in the Cauvery basin. It was now up 2.51% to Rs 1,821.15 on 7.06 lakh shares. It was the top gainer from Sensex pack. The size of the discovery will be known after appraisals. The company, which had acquired the block under the third round of exploration bidding, has sent the discovery notice on the find to the directorate general of hydrocarbons (DGH). IT stocks today staged a comeback, led by better-than-expected results from TCS. TCS jumped 2.10% to Rs 1,151.50. After market hours on Monday, 16 July 2007, TCS posted a 36% surge in net profit to Rs 1,202.93 crore in the first quarter ended June 2007 compared to Rs 882.66 crore in Q1 June 2006. Total income was up 27% at Rs 5,364.67 crore (Rs 4,225.62 crore). Growth in revenue and profit was 0.8% and 0.7%, respectively, compared to the fourth quarter ended March 2007. TCS does not make sales and profit forecasts. Satyam Computer Services advanced 2.80% to Rs 495.50 on bagging four major deals in Singapore, Australia and UAE for IT services and outsourcing. Two of these deals from the Singapore government are primarily outsourcing and IT services contracts. All these deals are among the largest hauls to-date in the specific regions following its participation in recent public and private tenders. Other IT stocks also advanced, led by TCS. Infosys (up 0.44% to Rs 1,943) and Wipro (up 1.25% to Rs 507) edged higher. Housing finance major HDFC declined 2.24% to Rs 1,950 and was the top loser from Sensex pack. Bhel (down 1.70% to Rs 1,631), Reliance Communications (down 1.82% to Rs 564.20), and Mahindra & Mahindra (M&M) (down 2.37% to Rs 801.75) were the other losers. Tata Power declined 2.74% to Rs 675 on turning ex-dividend for a dividend of Rs 9.50 a share. The company had announced the dividend on 30 May 2007 FCI OEN Connectors rose 2.63% to Rs 687 after parent FCI of France set an exit price of Rs 700 per share to delist the shares of the Indian unit. Asian markets were mixed today, 17 July 2007, with Japanese shares slipping on insurers such as Mitsui Sumitomo Insurance and electricity generators such as Tokyo Electric Power Co., after a powerful earthquake rocked northwestern Japan on Monday, 16 July 2007. Nikkei slipped 0.12% at 18,219.09. However, Hong Kong's Hang Seng (up 0.45% at 23,057.30), Taiwan's Taiwan Weighted (up 0.98% to 9,509.73) and Shanghai Composite (up 1.94% to 3,896.19) edged higher. All the European markets were trading with losses, except Spain’s Madrid General which rose 0.59%. US blue chip stocks gained on Monday, 16 July 2007, as news of a potential big telecom deal involving Verizon pushed the Dow Jones Industrial Average to a new record close, and put the index closer to 14,000. The Dow rose 43.73 points, or 0.31%, to 13,950.98. The benchmark index again set a high of 13,989.11, less than 11 points from 14,000. Broader stock indicators, however, slipped. The Standard & Poor's 500 index slipped 2.98 points, or 0.19%, to 1,549.52. The S&P also set a fresh trading high of 1,555.90. The Nasdaq Composite index fell 9.67 points, or 0.36%, to 2,697.33. As per provisional data, foreign institutional investors (FIIs) bought shares worth a net Rs 306.53 crore, while domestic institutional investors (DIIs) were net sellers of shares worth Rs 408.53 crore on Monday, 16 July 2007. Oil prices rose above $74 a barrel on concerns about the closure of a North Sea pipeline and a sense that more operating refineries will increase demand for oil. On the Nymex, light, sweet crude for August delivery gained 22 cents to settle at $74.15 a barrel.