The Sensex & the Nifty reach all-time highs: Silverline Technologies Ltd hits the buyer freeze: State Trading Corporation hits the buyer freeze:Haldyn Glass Gujarat Ltd recommended last week made all time high today: Gayatri Projects Ltd recommended in the Sunday Report to the Premium Group Members at Rs.297 rose up marginally today: All booked good profits in Tata Tele Maharastra Ltd.(TTML). Earlier in the report sent to the Premium Group Members, buying was advised if it rose to Rs.37.5 with good volumes. Today it rose with huge volume after crossing that mark in the opening trade and most of the Premium Group members booked good profits: Walchandnagar Industries Ltd was recommended a buy at around Rs.3000 levels some weeks back. Today it hit the upper freeze: Selan Exploration Technologies Ltd recommended at Rs.78 and Rs.88, some months back made new high today: Good movements were also seen in Amforge Industries Ltd which was recommended to the Premuim Group a month back:

Reliance Natural Resources Ltd and IFCI Ltd recommended by me to the Premium Group members at Rs.22 and Rs.57--Rs.60 range made new highs today, made new highs today:

There is a breaking news coming in Atlanta Ltd!!!!!!

The market kept on advancing as the day progressed on steady buying demand for index pivotals throughout the day, except for an hiccupin early trade. Turnover was healthy today and it crossed Rs 7,500crore on BSE. Both the niche indices BSE Sensex and S&P CNX Niftystruck all time highs. Sensex is now eyeing 17,000 and the S&P CNXNifty is eyeing 5,000 mark.

European markets which opened after Indian market, were mixed.Asian markets which opened before Indian market settled highertoday, 24 September 2007. US markets posted gains on Friday, 21September 2007.

The 30-shares BSE Sensex was up 281.60 points or 1.70% to16,845.83, an all time closing high. It had opened on an upbeatnote at 16,697.89 tracking firm global cues. Its low for the day was at 16,599.66. It surged to an all time high of 16,869.64 in late trade. Sensex oscillated 268.98 points for the day.

From a recent low of 13,989.11 on 21 August 2007, Sensex has surged2856.72 points or 20.42% in just 24 trading days to current16,845.83. The S&P CNX Nifty was up 94.65 points or 1.96% to 4,932.20, an alltime closing high. It struck an all time high of 4,941.15. TheNifty September 2007 futures settled at 4938, a premium of 5.80points as compared to spot closing.

Despite solid rally in market, the market breadth was negative on BSE with 1454 shares declining as compared to 1302 that advanced.51 remained unchanged. The breadth was strong in opening trade.

The BSE Mid-Cap index rose 1.53% to 7,309.84. It hit an all-timehigh of 7,321.02 today. BSE Small-Cap index gained 0.77% to8,963.48. The index hit record high of 9,013.35 today. The total turnover on BSE amounted to Rs 7,744 crore as compared toRs 8,279.52 crore on Friday, 21 September 2007. The NSE's F&O turnover amounted to Rs 79397.68 crore as compared toRs 75928.77 crore on Friday, 21 September 2007.

All the sectoral indices on BSE posted gains except the BSE ITindex. BSE Realty index (up 2.03% to 9,369.68), BSE Auto Index (up2% at 5,297.26), BSE PSU index (up 2.30% to 7,959.92), BSE MetalIndex (up 1.70% at 13,030.47), BSE Capital Goods Index (up 2.19% at14,837.71), BSE Oil and Gas Index (up 3.33% at 9,651.17) outperformed the Sensex.

However BSE TecK index (up 0.09% to 3,641.41), BSE ConsumerDurables index (up 0.17% to 4,756.01), BSE FMCG Index (up 0.03% at2,153.57), BSE Health Care Index (up 0.25% at 3,663.23), BSE Bankex(up 2.54% at 8,961.49) and BSE IT Index (down 1.77% at 4,349.83)were underperformers Among the 30-member Sensex pack, 25 advanced while the restdeclined. India's top private sector utility company in terms of revenueReliance Energy (REL) surged 8.17% to Rs 1092.10 on 21.52 lakhshares. The stock hit all-time high of Rs 1130.70 in intra-daytrade. It was the top gainer from Sensex pack.

As per reports, the government cleared the two transmission line projects of REL worthRs 3,500-crore projects which includes the western region systemstrengthening (WRSS) II and the Parbati-Koldam hydro projects inHimachal Pradesh. These projects were delayed due to issues raised by the public-private partnership appraisal committee (PPAC).

National Thermal Power Corporation, the country's largest power generation company by net sales jumped 4.96% to Rs 196.80 on 46.18lakh shares. It replaced Dabur India in the S&P CNX Nifty indexfrom today. India's top small-car market by market share, Maruti Suzuki India galloped 7.47% to Rs 999. Last week, Foreign Investment Promotion Board (FIPB) cleared Maruti's proposal to form a joint venture forsetting up an exhaust parts manufacturing facility in Haryana withJapan's Futaba Industrial Company. Futaba will hold 51% in theventure.

Bharti Airtel, India's largest listed cellular services provider by market share rose 2.52% to Rs 941.50. As per reports, it has gotlicence to start Direct-To-Home (DTH) services in the country and announced an investment of Rs 150 crores in the first phase tolaunch nation-wide operations, a move that would bring in muchrequired competition in the DTH segment. Also another set ofreports state that Bharti Airtel may get extra spectrum for Delhiand Mumbai under the existing subscriber-base norms. India's largest power equipment maker in terms of revenue Bhelgained 1.82% to Rs 2002.

It hit lifetime high of Rs 2025. As per recent reports, Bhel it is looking at mergers and acquisition to fuel inorganic growth and it targeting a turnover of Rs 45,000crore by 2012. Banking pivotals advanced on fresh buying. ICICI Bank (up 3.19% toRs 996), HDFC Bank (up 2.37% to Rs 1354.05), and State Bank ofIndia (up 0.75% to Rs 1821.90), edged higher.

India's largest private sector entity by market capitalisation and oil refiner Reliance Industries (RIL) rose 3.63% to Rs 2357 on 7.87lakh shares. It hit an all time high of Rs 2375 in intra-day trade.

RIL said on Saturday, 22 September 2007 that it has struck oil inthe deepwater block KG-D4 located in the Krishna Basin. The commercial viability of the discovery is being evaluated. RIL holds100% participating interest in this block, which spans over an areaof 8100 sq. kms. The rumors about RIL's oil find had already hit the market on Friday, 21 September 2007.

India's second largest telecom services provider marketcapitalisation Reliance Communications jumped 3.26% to Rs 598.25 onhigh volumes of 38.27 lakh shares. A block deal of 14.10 lakhshares was struck on at Rs 590 per share in early trade on BSE. Larsen & Toubro (L&T), the country's second largest engineering & construction company in terms of market capitalisation, soared 4.49% to Rs 2908. As per recent reports, it is close to acquiring a stake in Feedback Ventures, a leading integrated infrastructureservices firm. The stock hit an all time high of Rs 2910 on BSE.

IT shares were weak throughout the day. India's second largest software services exporter Infosys Technologies was the top loser from Sensex pack. It slipped 3.30% to Rs 1761.90 on 2.83 lakhshares Other IT pivotals, Satyam Computers (down 2.76% to Rs 407.30), TCS(down 1.08% to Rs 1004), were not spared either. ITC (down 1.47% to Rs 188) and Grasim (down 0.07% to Rs 3445) werethe other losers from Sensex pack. IFCI was the top traded counter on BSE with turnover of Rs 531.37crore followed by Reliance Natural Resources (Rs 454.34 crore),Reliance Petroleum (Rs 368.57 crore), DLF (Rs 242.13 crore), and Reliance Energy (Rs 232.84 crore).

Reliance group stocks were in spotlight for second straight day onmomentum buying. Reliance Petroleum (up 8.10% to Rs 167.50),Reliance Natural Resources (up 22.03% to Rs 93.60), RelianceCapital (up 1.90% to Rs 1571.25), Reliance IndustrialInfrastructure (up 10% to Rs 1147.40), Adlabs Films (up 1.12% to Rs555) and IPCL (up 3.25% to Rs 465.50) surged.

Adhunik Metaliks jumped 6.40% at Rs 99 after its board approvedacquiring a majority stake in V Cube Forge (India) for anundisclosed amount. Pune-based V Cube Forge manufactures forged andmachined parts for automobiles, railways, and aerospace. IFCI surged 19.32% to Rs 98.80 on huge volumes of 5.68 croreshares. Nearly 1.10 crore shares changed hands through multipleblock deals on BSE and NSE combined.

IVRCL Infrastructures & Projects slipped 1.25% to Rs 409.90. Itreceived new orders worth Rs 394.24 crore. The Pune region of the company has received these orders for its building division and forpower division. Hindustan Petroleum Corporation was up 2.32% to Rs 256.10 onreports that Lakshmi Mittal may buy a stake in the unit of the company, Prize Petroleum. Tata Tea rose 0.10% to Rs 785 on reports that the firm is in talksto buy UK-based speciality tea company Liberty Tea. The move is aimed at expanding company's presence in the global beveragesmarket. Unlisted Liberty Tea is a popular brand in Europe.

Unitech advanced 3.90% to Rs 350.55 after it announced aftertrading hours on Friday, 21 September 2007, that it would entermobile telephone services in services in 22 out of 23 circles of the country. ING Vysya Bank surged 7.17% to Rs 262.45 on reports that it is intalks with Centurion Bank of Punjab and Kotak Mahindra Bank for acquisitions. GAIL soared 7.23% to Rs 375.75 on reports that it is considering anissue of bonus shares to its equity stakeholders.

Hindustan Construction Company rose 2.37% to Rs 146.75, after thecompany said its joint venture with Alphine Mayreder Bau GMBH andSamsung Corporation has received a contract from Delhi Metro RailCorporation, Delhi for design and construction of two undergroundstations and tunnel between New Delhi station and Talkatora Garden.The value of the order is worth Rs 774.64 crore. HCC's share is thetotal value of the contract is 33% to Rs 255.63 crore. Syndicate Bank moved up 1.83% to Rs 91.60 on reports that thestate-run bank is planning a follow-on public offer (FPO) duringthis fiscal year, subject to regulatory approvals.

Aftek rose 3.63% to Rs 77, after the company said Goldman Sachs Investments Mauritius has acquired 20 lakh shares or a 2.29% in thecompany to raise its stake to 5.74%.

European markets which opened after Indian market, were mixedtoday, 24 September 2007. Key benchmark indices in France (up 0.12%to 5,707.67), and United Kingdom (up 0.51% to 6,489.40) rose.

However, Germany's DAX was down 0.12% to 7,785.44 Asian markets which opened before Indian market settled highertoday, 24 September 2007. Hong Kong's Hang Seng (up 2.52% at26,495.15), Shanghai Composite (up 0.56% to 5,485.03), andSingapore's Straits Times (up 2.73% at 3,639.02) advanced. Stockmarkets in Japan, South Korea and Taiwan were closed for publicholidays. US stocks posted steady gains on Friday, 21 September 2007 cappinga strong week for Wall Street, as investors drew confidence fromstrong results at Oracle Corp. and a continued sense that lowerinterest rates should help bolster the economy. The Dow Jonesindustrial average rose 53.49, or 0.39%, to 13,820.19. Broaderstock indicators also rose.

The Standard & Poor's 500 indexadvanced 7.00, or 0.46%, to 1,525.75, while the Nasdaq Compositeindex rose 16.93, or 0.64%, to 2,671.22. Indian market may, however, turn volatile this week ahead of theexpiry of September 2007 futures & options (F&O) contracts onThursday, 27 September 2007. Crude oil prices dipped on Monday, 24 September 2007 as oil and gasproducers in the Gulf of Mexico restored more output after a mildstorm triggered evacuation and production cuts. US crude forNovember delivery fell 22 cents to $81.40 a barrel. As per the data released on Friday, 21 September 2007, inflationbased on the wholesale-price-index rose 3.32% for the week ended 8September 2007 as against 3.52% in the previous week. [With inputs from the Internet]