Gayatri Projects Ltd recommended on last Sunday at Rs.297 to the Premium Group shone today. The company is going for captive power projects: Uttam Galva Steels Ltd recommended to the Paid Group, at Rs.32, reached its first target: After Profit Booking was advised on Haldyn Glass Gujarat Ltd it fell like nine pins: Keep accumulating Atlanta Ltd, Amforge Industries Ltd and Ansal Buildwell Ltd: Keep close watch on the board meetings of Pondy Oxides and Chemicals Ltd, H S India Ltd and Atlanta Ltd: Indo Asian Finance Ltd recommended to the Premium Group today, hit the buyer freeze before cooling down a bit: In today's morning report consolidation of the bourses was advised and the same thing happened; though many sent reports on an imminent correction; Poor Chaps!! They have to learn the 'Great Indian Rope Trick" more clearly: In the US existing Home Sales Drop for Sixth Month in August to Slowest Pace Since 2002.But many economists are of the view that if the Fed continues to cut rates for the rest of the year that should be enough to keep the country out of a recession.

Tomorrow I am going to recommend an F & O scrips to the Premium Group for short term trading:

Market ends in positive zone in volatile trade:

The market ended in the green as per provisional figures. However market breadth remained weak. The market recovered from lower level in late afternoon trade. Earlier, the market had slipped into the red in afternoon trade in contrast to a firm trend in mid-morning trade. European markets, which opened after Indian markets, were weak. Reliance Industries hit all-time high in the late trade. Sensex provisionally ended up 39.72 points or 0.24% at 16885.55. At day's low of 16,676.98, Sensex had lost 168.85 points for the day. As per provisional close, the S&P CNX Nifty shed 1.35 points or 0.03% to 4,930.85. It hit an all-time high of 4,953.90 in early trade. The market had moved between positive and negative zone in early trade after a firm opening. The Sensex struck all-time high of 16,928.02 in late trade. BSE clocked a turnover of Rs 7468 crore compared to Rs 7,783.09 crore on Monday, 24 September 2007. The market breadth was weak. 1,643 shares declined on BSE as compared to 1,081 that rose. 329 were unchanged. Out of Sensex pack, 16 stocks declined and rest advanced. L&T (down 1.79 % to Rs 2845), M&M (down 2.65% to Rs 763), SBI (down 1.76% to Rs 1801), Reliance Energy (down 1.72% to Rs 1074.90), were the major losers from Sensex pack. Bharti Airtel (up 1.97% to Rs 963.50),Hindalco industries (up 2.12% to Rs 166.30), Cipla (up 0.99% to Rs 169), HDFC Bank (up 2.95% to Rs 1386), Hindustan Lever (up 1.32% to Rs 226.50) were the top gainers from Sensex pack. BSE Realty index was the top loser among the sectoral indices losing 292 points or 3.12% at 9,077. Realty stocks had rallied after last week's cut in interest rate by the US Federal Reserve. Banking majors declined, SBI (down 1.81% to Rs 1800), ICICI Bank (down 0.49% to Rs 991) edged lower. Frontline IT stocks recovered from initial fall. TCS was down 0.42% at 1001 and Infosys gained 0.21% to Rs 1767. IT firms derive a lion’s share of revenue from exports and a rise in rupee against the dollar hits their revenue. Index heavyweight Reliance Industries (RIL), rose 2.01% to Rs 2404. It hit an all time high of Rs 2426 in the late trade. The stock had witnessed a solid surge over the past few days. Ranbaxy, India’s biggest drug maker in terms of sales rose 1.22% to Rs 422. Ranbaxy said on Monday 24 September 2007, it had signed a licencing agreement with Australia's Sirtex Medical to market the Australian firm's liver cancer product SIR-Spheres. The product, approved by the US Food and Drug Administration, is used to treat patients with inoperable tumours from primary colorectal cancer that have spread to the liver. India’s biggest oil exploration firm by revenue ONGC declined 0.13% to Rs 929. ONGC said after trading hours on Monday, 24 September 2007, it will invest at least $150 million over the next seven years to explore three new deepwater blocks in Myanmar. Myanmar's government has awarded 100% participating interest in blocks AD-2, AD-3 and AD-9 to ONGC Videsh, the overseas investment arm of ONGC. BPCL rose 6.3% to Rs 345.20 on reports a consortium of BPCL and UK's Premier Oil had found reserves estimated at 8-18 trillion cubic feet in the remote Cachar region in northeastern India. The company had denied the reports. Gayatri Projects rose 1.13% to Rs 310 after it secured new order valued Rs 154.01 crore. The work has to be executed with in a period of 2 years. Jai Corp rose 5% to Rs 11,424.55 after it said that it has approved the proposal for acquiring two manufacturing units Pet Fibres and Prime Wovens. Gremach Infrastructure Equipments & Projects hit 5% upper circuit to Rs 266.60 the company said it has taken 75% controlling stake in 11 coal mine licenses in Mozambique having an aggregate 13,520 hectares (about 13,52,00,000 square metres) in prime region of Moatize. IFCI rose 2.95% to Rs 101.30. The company is set to announce shortlisted bidders for 26% strategic stake today BAG Films & Media hit 5% upper circuit of Rs 65.15 on reports that Fidelity International has picked up a 10% stake in the company. The company's board is due to meet on Tuesday afternoon to consider a preferential share and warrant issue. The revised trading timing on the bourses due to sun outage becomes effective from today. The stock exchanges have extended trading timing by 45 minutes from 25 September 2007 to 9 October 2007 due to loss of satellite connectivity during this period. Trading will stop on NSE at 11:25 IST and re-open at 12:10 IST. The final closing will be at 16:15 IST, instead of 15:30 IST. European markets which opened after Indian market were weak today, France’s CAC (down 58 points or 1.04% to 5,633),Germany’s DAX (down 52 points or 0.68% to 7,735) and UK’s FTSE 100 (down 65 points or 1.01% to 6,400), edged lower. Asian markets were mixed today. Hong Kong's Hang Seng closed down 100 points or 0.38% to 26,451. Japan’s Nikkei 225 closed 89 points or 0.54% higher at 16,401. Stock markets in South Korea and Taiwan were closed for public holidays. US stocks fell on Monday as financial shares weakened on news that Germany's largest bank Deutsche Bank may take a big hit from subprime mortgage investments, while a landmark strike at General Motors raised concern about the economic outlook. The Dow Jones industrial average finished the day down 61.13 points, or 0.44%, at 13,759.06. The Standard & Poor's 500 Index ended down 8.02 points, or 0.53%, at 1,517.73. The Nasdaq Composite Index was down 3.27 points, or 0.12%, at 2,667.95. November crude oil fell 67 cents to settle at $80.95 per barrel on the New York Mercantile Exchange on Monday, 24 September 2007, as energy companies in the Gulf of Mexico began restoring output shut by a storm.