Score Card:Performance-barometer:

[Please scroll down to get this Wednesday's inputs]

1. Tilaknagar Industries Ltd recommeded at Rs.49 and Rs.42. All time high after recommendation--> Rs.169.95 2. Flat Products Equipments Ltd recommended at Rs.94 and Rs.105. All time high after recommendations-->Rs.454.75 3. Haldyn Glass Gujarat Ltd recommended at Rs.42 and Rs.45. All time high after recommendation-->Rs.63.6 4. Oscar Investments Ltd recommended at Rs.199. All time high after recommendation--> Rs.356. 5. Gujarat Hotels Ltd recommended at Rs.51 and Rs.45. All time high after recommendation-->Rs.92 6. Pioneer Distillaries Ltd recommended at Rs.17.5 and Rs.16. All time high after recommendation-->Rs.57.0 7. Southern Online Bio Technologies Ltd recommended at Rs.10 and Rs.12. All time high after recommendation-->Rs.24.49 8. Orient Beverages Ltd recommended at Rs.13.5. All time high after recommendation-->Rs.22 9. Ansal Buildwell Ltd recommended at Rs.92, Rs.78 and Rs.82. All time high after recommendation-->Rs.104 10. Sika Interplant Systems Ltd recommended at Rs.57. All time high after recommendation-->Rs.80

11. Sarda Plywood Industries Ltd recommeded at Rs.26 and Rs.32. All time high after recommendation->Rs.42

12. Kanishk Steel Industries Ltd recommended at Rs.26 and Rs.44. All time high after recommendation-->Rs.56

13. Satvahana Ispat Ltd recommended at Rs.24. All time high after recommendation--->Rs.55.2

14. Sujana Metal Products Ltd recommeded at Rs.17, Rs.21 and Rs.60. All time high after recommendation-->Rs.150

15. Ganesh Housing and Finance Ltd recommended at Rs.64 before bonus. All time high after recommendation after bonus issue--> Rs.503.65.

16. Shree Ganesh Forgings Ltd recommended at Rs.32. All time high after recommendation-->Rs.108

17. Ispat Industries Ltd recommended at Rs.9. All time high after recommendation--->Rs.24

18. Rana Sugars Ltd recommended at Rs.24. All time high after recommendation-->Rs.37

19. Soma Textiles Industries Ltd recommended at Rs.26 and Rs.30. All time high after recommendation-->Rs.46

20. Shivalik Global Ltd recommended at Rs.25. All time high after recommendation-->Rs.51

21. W S Industries Ltd recommended at Rs.51 and Rs.52. All time high after recommendation-->Rs96.1

22. NCL Industries Ltd recommended at Rs.41 and Rs.42. All time high after recommendation-->Rs.52

23. Agro Dutch Industries Ltd recommended at Rs.24. All time high after recommendation-->Rs.32

24. Monnet Ispat Ltd recommeded at Rs.139 and Rs.195. All time high after recommendation->Rs.368.9

24. Rolta Ltd recommended at Rs.139. All time high after recommendatioin-->525.10

25. Vamshi Rubber Industries Ltd recommended at Rs.8.5 and Rs.9. All time high after recommendation--->Rs.29.05

26. Cummins India Ltd recommended at Rs.167 and Rs.173. All time high after recommendation--->Rs411.95

27. Ranbaxy Ltd recommended at Rs.355. All time high after recommend--->Rs.417.15

28. Srinivasa Hatcheries Ltd recommended at Rs.57. All time high after recommended-->Rs.70

29. Sanguine Media Ltd recommendd at Rs.27 and Rs.36. All time high after recommendation-->Rs.57.5

30. Sanjivani Paranterals Ltd recommended at Rs.32 and Rs.34. All time high after recommendation--->Rs.46.7

31. Carnation Nutra Analogue Foods Ltd recommended at Rs.85 and Rs.87. All time high after recommendation-->Rs94.8

32. Premier Explosives Ltd recommended at Rs.53, Rs.42 and Rs.37. All time high after recommendation-->Rs.64

33. Pritish Nandy Communications Ltd recommended at Rs.42. All time high after recommendation-->Rs.116.65

34. RNRL was recommended at Rs.25. All time high after recommendation-->Rs.52.4

35. Mahindra Gesco Ltd was recommended at Rs.396 and Rs.424. All time high after recommendation-->Rs.848

36. California Software Ltd recommended at Rs.64 and Rs.57. All time high after recommendation-->Rs.88

37. BSEL Infrastructure Realty Ltd recommended at Rs.17, Rs.22, Rs.30, Rs.56 and Rs.72. All time high after recommendation-->Rs.101

38. Selan Exploration Technologies Ltd recommended at Rs.87, Rs.78 and Rs.72. All time high after recommendation-->Rs.146.4

39. H B Portfolio Ltd recommended at Rs.37 and Rs.40. All time high after recommedation--->Rs.64.85

40. Garnet Construction Ltd recommended at Rs.49 and Rs.45. All time high after recommedation-->Rs.72

41. Ricoh India Ltd recommended at Rs.29 and Rs.32. All time high after recommendation-->Rs.46.3

42. FCS Software Solutions Ltd recommended at Rs.82 and Rs.78. All time high after recommendation-->Rs.92.7

43. KIC Metallinks Ltd recommended at Rs.58. All time high after recommendation-->Rs.79.95

44. Tips Industries Ltd recommended at Rs.22 and Rs.25. All time highAll time high after recommendation-->Rs.74.85.

45. IFCI Ltd recommended at Rs.57 and Rs.59. All time high after recommendation-->Rs.85.8

46.Sunflag Iron and Steel Ltd recommended at Rs.10 and Rs.12. All time high after recommendation-->Rs.24.7....and so on........More will be added........Keep watching!!! [ Posted on 13th September, 2007]

Market Movements on Wednesday(19th August, '07)

Yesterday, both Amforge Industries Ltd and Jai Parabolic Sprigs Ltd shwoed some movements. Jai Parabolic is now merged with Jamna Auto Industries Ltd, which is a wonderful company in the auto ancilliary space.

Yesterday, I recommended a company in the glass bottling space, which rose up with good volumes, to close to below its highest price reached during the intra-day.

Ansal Buildwell Ltd and FCS Software Solutions Ltd is consolidating at the Current price. Carnation Nutration could spring surprise anytime.

The rallies were seen in the Sugar Counters yesterday, as Mr.Pawar, belched out something. I have only mentioned the name of Rana Sugars Ltd, yesterday in the morning report; it hit the buyer freeze. I do not know why some people fall for this sector, which is on a ventilator now and can die at any moment. I had earlier mentioend about the oil companies lifiting ethanol from the market--which is very dispal.

Note: I am seriously thinking of retracing the price of the Premium Grop Membership package to the earlier rates; since, I got lot of appeals and requests from the group members as well as well-wishes, to either reduce its price; since most of them cannot afford the new price tag. I am touched by their appeal and their desire to be associated with me, since they have faith in what I recommend and my commentary. What I think is that to earn money is easy but to enjoy trust/confidence and respect of thousand of people, is difficult and rare feat. Hence I am seriously thinking on those lines as I do not want to suck "bloods from the veins of small investors and group members" (who are with me for a long time) to make some money. I might soon take a decision on this front and bring some dramatic rationalisation in the price tag attached to the Premium Group. Many of the Investors, who have joined recently (post 31st August, 2007) & paid the enhanced rate of package, could also be relieved and their money might be adjusted proportionately. But the new members will not be given the same facility which the members who have joined on or before 31st March, enjoy at present.

To know the details please mail me at: suman2005s@rediffmail.com/suman2007s@sify.com/sumanm2007s@gmail.com.

Sensex posts biggest ever point rise in single session; soars 654 points:

The market soared to record closing with high turnover. It opened with a bang and kept on advancing during the course of the trading session as buying continued for index pivotals. Short covering might also have propelled the market higher to some extent. The total turnover on BSE crossed Rs 7,000 crore mark. While the BSE Sensex settled the 16,300 mark, the S&P CNX Nifty closed above 4,700 Shares from across sectors and market capitalisation participated in the rally which was triggered after the US Federal Reserve announced a higher than expected 50 basis points cut in fed funds rate to 4.75% from 5.25% on Tuesday, 18 September 2007, easing concerns about housing slump driving the world's largest economy into recession. Prior to this, it had hiked rates for 17 consecutive times in the span of four years. Asian markets, which opened before Indian market, rallied today, 19 September 2007, after the Fed decision. All European indices which opened after Indian market were also trading with gains. The 30-shares BSE Sensex surged 653.63 points or 4.17% at 16,322.75. This is its biggest single day point gain. It opened with a sharp 271.67 point upward gap at 15,940.79 and advanced further to hit an all-time high of 16,335.30. Its previous all-time high was 15,868.85 hit on 24 July 2007. It surged 2333.64 points or 16.68% to today’s 16,322.75 from a recent low of 13,989.11 on 21 August 2007 in just 21 trading sessions. The S&P CNX Nifty up 186.15 points or 4.09% at 4,732.35. It also struck an time high of 4,739. The Nifty September 2007 futures settled at 4,747, a premium of 8 points as compared to spot closing The BSE Mid-Cap index rose 1.88% to 7,116.61 after hitting an all time high of 7,120.91. The BSE Small-Cap index hit an all time high of 8,943.23. It settled 1.03% higher to 8,871.00. But both these indices underperformed the Sensex The total turnover on BSE crossed Rs 7,000 crore mark. It amounted to Rs 7,405 crore as compared to Rs 5,618.94 crore on Tuesday, 18 September 2007. The NSE F&O turnover was Rs 68,643.65 crore as compared to Rs 45,069.25 crore on Tuesday, 18 September 2007. All the sectoral indices on BSE posted gains. However interest rate sensitive sectors like banking, real estate, auto and banking dominated the list of gainers. BSE Bankex (up 4.84% at 8,691.45), BSE Realty index (up 5.77% to 8,464.54), BSE Oil and Gas Index (up 5% at 8,924.11), outperformed the Sensex. BSE Auto Index (up 3.49% at 5,094.31), BSE PSU index (up 3.48% to 7,642.77), BSE FMCG Index (up 2.05% at 2,140.91), BSE Metal Index (up 3.82% at 12,546.34), BSE Capital Goods Index (up 1.80% at 14,112.99), The BSE Consumer Durables index (up 1.25% to 4,743.75), BSE Health Care Index (up 1.17% at 3,704.27), BSE IT Index (up 2.41% at 4,491.21), and BSE TecK index (up 3.42% to 3,619.93) were underperformers All the 30-members from Sensex pack advanced. India’s largest listed cellular services provider by sales Bharti Airtel jumped 6.93% to Rs 890.20 on 2.91 lakh shares after its Sri Lankan unit signed a $150 million contract with China's Huawei Technologies Co to build and manage mobile infrastructure in the island nation over three years. It was the top gainer from Sensex pack. Bank and financial shares rallied on the reckoning that the Fed move could put pressure on RBI to loosen its monetary policy. India’s top private sector mortgage lender in terms of revenue Housing Development Corporation (HDFC) surged 6.83% to Rs 2330. The stock eased form its all time high of Rs 2415 hit earlier during the day HDFC Bank, the country’s second largest private sector bank in terms of net profit soared 6.83% to Rs 1314 State Bank of India, the country’s largest banking entity by net profit jumped 4.52% to Rs 1770. It topped the list of advance taxpayers, after it paid reportedly paid Rs 1,050 crore in the June-September quarter, which is nearly 50% more than the tax paid during the corresponding period last year. India’s second largest bank by net profit, ICICI Bank jumped 4.44% to Rs 966.10. As per reports it paid Rs 450 crore advance tax for the June-September 2007 period. The bank had paid the same amount for the corresponding period last year. India’s largest private sector entity by market capitalisation and oil refiner Reliance Industries (RIL) surged 5.99% to Rs 2181.70 on 10.59 lakh shares. It struck an all time high of Rs 2185. As per reports its subsidiary - Reliance Logistics (RLL) is planning to set up logistics parks within all the upcoming special economic zones (SEZs). The Reliance logistics parks will cater to the entire range of logistic requirements of the SEZs. RIL has reportedly paid Rs 650 crore in the June-September 2007 quarter. The tax outgo during the June-September period last year was about Rs 450 crore. Oil and Natural Gas Corporation, the country’s largest oil exploration company by revenue surged 5.89% to Rs 901 after its Chairman R.S. Sharma said the company may consider a bonus issue and a share split in the future. He did not give a time frame for bonus issue and stock-split. Infosys Technologies, the nation’s second largest software services exporter rose 3.14% to Rs 1856.55 on rumors the firm is interested in acquiring UK-based Sage Group. Infosys has denied the reports further clarifying that it also isn't negotiating with Cap Gemini SA about buying any part of the company. Maruti Suzuki India, the country’s top car-maker by sales vaulted 5.11% to Rs 920.50 on reports that company will set up an auto component park with Japan's Futuba Industrial Company. Maruti will hold a 49% stake in the joint venture. This will be Futuba’s first project outside Japan India’s second largest bike maker Bajaj Auto rose 4.55% to Rs 2510. It has reportedly paid Rs 120 crore for the second quarter of the current fiscal. The company has paid Rs 102 crore as the first installment during the quarter ending June 2007. India’s second largest cellular services provider by sales Reliance Comunications, rose 5.11% to Rs 564.75 after its subsidiary Flag Telecom reportedly signed a five-year agreement with UK-based Vanco to increase its presence across 81 countries worldwide. Sugar shares were star of the day’s trading session as they surged on frenzied buying after Agriculture Minister Sharad Pawar said the government plans to give more fiscal incentives to sugar mills. All of them saw a phenomenal spurt in volumes. Dwarikesh Sugar (up 20% to Rs 66.60), Sakthi Sugar (up 20% to Rs 92.70), Triveni Engineering (up 22.68% to Rs 135.50), Balrampur Chini Mills (up 24.31% to Rs 83.60), Shree Renuka Sugars (up 24.68% to Rs 686.10), and Bajaj Hindustan (up 21.76% to Rs 178.50) surged. The government will detail the new financial incentives in 10 days, Pawar said today. As per reports, sugar mills may be allowed to produce ethanol directly from cane juice, instead of molasses, to lower dependence on sugar prices. The South Asian nations may require oil refiners to double the ethanol level in gasoline to 10% from October 2008. DLF was the top traded counter on BSE with total turnover of Rs 255.19 crore followed by Reliance Industries (Rs 226.36 crore), ICICI Bank (Rs 226.36 crore), Reliance Capital (Rs 134.16 crore), and Shree Renuka Sugars (Rs 127.42 crore). Shares from real estate pack surged. Indiabulls Real Estate (up 6.60% to Rs 523.60), Unitech (up 3.91% to Rs 292.65), HDIL (up 2.92% to Rs 644) and Parsvnath Developers (up 5.75% to Rs 338.90) surged. DLF galloped 8.91% to Rs 714.25 on reports that the company is getting into the retail of luxury brands and is in talks with some well-known retail chains, including Georgio Armani, Versace and Dolce Gabbana. DLF is in talks with 10-12 brands. Also another set of reports stated that DLF will tie up with a foreign major Carrefour for the supermarket business at a later stage. Nagarjuna Construction Company surged 10.30% to Rs 240.70 after the company in consortium with POSCO E & C of South Korea bagged an engineering, procurement and construction contract valued at Rs 1558 crore from Steel Authority of India (Sail) for IISCO steel plant at Burnpur, West Bengal. Jubilant Organosys surged 4.70% to Rs 305 after it signed a five-year multi million dollar contract with Switzerland based-Syngenta to supply chemical compounds used in manufacturing of medicines and agricultural products. The new contracts will start from early 2008. Engineers India (EIL) jumped 6.82% to Rs 621.50. It soared 20% to Rs 582 yesterday 18 September on market talks that it is expected to bag a contract related to oil exploration. However the company denied such rumors. The first batch of advance tax figures hint improved corporate earnings for the second quarter ended September 2007. Advance taxes are paid in four installments — in June, September, December and March. The June and September installments usually constitute about 15% and 25% respectively of the total advance tax payable in a fiscal. European markets which opened after Indian market were trading with gains. Key benchmark indices from United Kingdom (up 2.20% to 6,621.70), Germany (up 2.10% to 7,734.35), and France (up 2.43% to 5,683.95), advanced. Asian markets surged today, 19 September 2007 tracking overnight gains on Wall Street. Hong Kong's Hang Seng (up 3.98% at 25,554.64), Japan's Nikkei (up 3.67% at 16,381.54), Singapore's Straits Times (up 3.35% at 3,594.36), South Korea's Seoul Composite (up 3.48% at 1,902.65) and Taiwan's Taiwan Weighted (up 0.30% at 8,926.50) surged. Wall Street shares rallied yesterday, 18 September 2007 after the Federal Reserve cut its benchmark interest rate by a larger-than-expected 0.5%. The Dow Jones industrial average soared 335.97 points, or 2.51%, to 13,739.39. This was its biggest surge since 2 April 2003. The blue-chip index is now only about 1.9% below its record close of 14,000.41, reached in mid-July. The Standard & Poor's 500 index rose 43.13 points, or 2.92%, to 1,519.78. The Nasdaq Composite index gained 70 points, or 2.71%, to 2,651.66. Crude oil climbed above $82 a barrel on Wednesday, 19 September 2007 near a record reached a day earlier after the US Federal Reserve slashed interest rates to calm worries over economic growth ahead of peak winter fuel demand. US light crude for October delivery rose 82 cents to $82.33 a barrel, after hitting a record of $82.38 yesterday, 18 September 2007. London Brent crude gained 72 cents to trade at $78.31 a barrel.

Gimmicks by the operators!!!!???

Ethanol Blending:

For some days I am observing a rally in the Sugar Counters, which I found difficult to comprehend; as lot of gossips filtered through my poor ear, with historic Ethanol Mixing plan of the government, taking the centre stage. I thought since the governmnet is now a mixture of many parties, they would find it easy to go for ethanol blending. But my findings were in stark contrast to what my poor brain imagined. The following a sample of my findings: Even as there is talk of the Centre planning to introduce 10% ethanol doped petrol on a country-wide basis from October 2008, oil companies are struggling to meet even the existing five per cent blending norm. The oil marketing companies (OMC) had contracted to lift a total 1,176.13 million litres of ethanol from sugar mills over a three-year period from last November. But latest available data till August 15 shows an aggregate procurement of just 84.40 million litres or 7.2 per cent of the total contracted quantity. IOC has so far lifted 44.21 million litres (out of its contracted 495.46 million litres), while the corresponding procurement by BPCL and HPCL has been 20.79 million litres (353.03 million litres) and 19.41 million litres (327.64 million litres), respectively.

Now let me switch topic...If you remember, I recommended Carnation Nutra Analogue foods Ltd on the Premise that it has strong brands, Cadila Pharma-brand behind, strong growth and more than a couple of hit products. I was thinking if my research would bear fruits or not. But I was pretty sure about its hit brand the Table Margarin (artificial butter), whose use is increasing day bye day, due to people's awareness towards health could alone pull the scrip above Rs.100. But when I could skim the following news item, I am pretty sure that Carnation Nutra is heading for a rally, as drop in Milk prices will automatically lower the product prices, which are mainly milk based. The following are my observations:

Drop in Milk Prices:

Speculation over a possible extension of the ban on skimmed milk powder (SMP) exports beyond this month has led to a crash in milk prices. Private dairies in the North are currently paying Rs 15-15.50 for a litre of buffalo milk containing 6.5% fat and 8.5% solids-not-fat (SNF) delivered at their dock. The same milk was being sourced at Rs.19-20 a litre in July.

So wait for a rally in the counter, which is struggling to break out of the current band.

Today's (17th September, 2007) Performance:

Pochiraju Industries Ltd hits the buyer freeze, with huge volume. Premium Group members were adviced to buy heavily when the scrip crosses Rs.27 and then the result is history.....Clutch Auto recommended at Rs.112 on last Monday, yesterday moved to Rs.132, with solid buying. This is one of the most versatile auto companies.

Sunflag Iron and Steel Ltd reached my target of Rs.24.7, after a long time. Ispat already reached my target ealier.

IFCI Ltd was asked to accumulate at around Rs.57--Rs.59 range some weeks backs to the Premium Group members and now you see the results.

Ritesh Properties and Industries Ltd is a value buy at this price. It is because:

1. It is into real estate, which is expected to kick off post monsoons.

2. It is into retail sector--the valuation of companies (Trent and Pantaloon) in this space is very high.

3. It is going for an acquistion (read completed an overseas acquision)

4. Government is going to bring some changes in the DEPB scheme for the exporters. It might altogether scrap this fiat and go for a new law beneficial to the exporters. Hence the textile could be the next buzz word. Alok Industry recommended at Rs.67.5 is already doing well.

5. There promoters have increased their stakes and there is continuos buying of shares from the open market. Sika Interplant Systems Ltd is to start the real estate project in 6.75 acres of land in Bangalore within 2-3 months. The real estate value of the property is around Rs.30--Rs.35 Cr and which on a small equity base of only Rs.4.24 Cr is alone capable of taking the scrip beyond Rs.100. The company is doing extremely well in the space in which it is operating. Its shares are trading much below the price at which the merger took place some months back. The shares of Sika Interplant Systems Ltd were issued at Rs 78.45 per at the time of merger . Its annual general meeting is on 28 th September.

Earlier its Board approved the formation of a Joint Venture (JV) in India with MACCON GmbH, Germany for design, develop & manufacture Motion Control and Servo Systems for aerospace, automotive industry. Further Board approved the investment of 51% per cent equity in the proposed joint venture.

The Board also approved the investment for aerospace components & assemblies project which includes investment of 55% towards equity in a new Company in United Kingdom. The proposed new Company is being promoted with specialist in aerospace components & assemblies.

I might be recommending another short term (3--6 months) scrip tomorrow to the Premium Group members.

Performance Report of some of my recent recommendations, as of 14th September, Friday:

Today Alok Industries Ltd rose up with good volumes and it is looking good on the charts.Keep holding with a SL of Rs.67.5.

Jai Parabolic Spings Ltd is ready to blast off on the charts. Keep accumulating Jai, for the next logical target of Rs.33.

Today Ansal Buildwell Ltd blasted off in style. The next logical target for the scrip is Rs.120. Keep accumulating.

Today Ricoh India Ltd recommended at Rs.29 and Rs.32, blasted off with good volumes making new high at Rs.46.30. Book some profits in the counter.

What about Carnation Nutra Analgue Foods Ltd at Rs.89.94 (Day's highest-->Rs.95.7) and FCS Software Ltd at Rs.87 (Day's highest-->Rs.92.7) or Aptech Ltd at Rs.374.75 (Day's high-->401.25) or Ritesh Properties and Industries Ltd at Rs.62.15 (Day's high-->Rs.67.5) or H S India Ltd at Rs.18.25 ( Day's high-->Rs.19.4) or...........????!!!!

This Section is for the Premium Group Members.......

Market Round Up for Friday: A High turnover day:

The market saw a sharp trend reversal as global credit worries resurfaced after a British mortgage lender issued profit warning, dragging all the European bourses which opened after Indian market, lower. Turnover on BSE was healthy and crossed Rs 6,000 crore mark. The market had opened on an upbeat note tracking rally in US markets overnight. Also strong Asian markets today, boosted the sentiment further. Growth in inflation based on the wholesale-price-index dropped to 3.5% for the week ended 1 September 2007, as against 3.79% the earlier week. The BSE 30-share Sensex slipped 10.64 points or 0.07% at 15,603.80. It opened with an upward gap of 99.22 points to 15,713.66. At the day's high of 15,824.65, the Sensex had gained 210.21 points for the day. At day’s low of 15,568.36, it had lost 46.08 points for the day. It oscillated 256.29 points in the day. At the day's high of 15,824.65, it was just 44.20 points away from all time high of 15,868.85 hit on 24 July 2007 The S&P CNX Nifty slipped 10.95 points or 0.24% at 4,518. The Nifty September 2007 futures settled at 4514, a discount of 4 points as compared to spot closing The market breadth which was strong on BSE during the first half of the day, turned weak later: 1753 shares declined as compared to 999 that advanced, while 61 remained unchanged. This is in sharp contrast to market breadth of morning session when 1576 shares advanced, 502 declined and 45 remained unchanged. The BSE Mid-Cap index was down 0.72% to 6,897.00. It hit an all time high of 7,019.64 earlier today, 14 September 2007. The BSE Small-Cap index declined 0.76% to 8,572.76. It hit a record high of 8,744.61 earlier today, 14 September 2007. The total turnover on BSE crossed the Rs 6,000 crore mark today. It amounted to Rs 6,120 crore as compared to Rs 5,286.91 crore on Thursday, 13 September 2007. The NSE’s F&O turnover was Rs 47,177.37 crore as compared to Rs 41,758.23 crore on Thursday, 13 September 2007. Sectoral indices on BSE showed mixed trend. BSE Bankex (up 0.67% at 8,136.11), BSE Realty index (up 1.59% to 7,972.75), BSE Metal Index (up 0.46% at 11,979.96), BSE FMCG Index (up 0.10% at 2,072.81), BSE Oil and Gas Index (up 0.10% at 8,387.22), and outperformed the Sensex. However, BSE Capital Goods Index (down 0.16% at 13,701.56), BSE IT Index (down 0.75% at 4,449.14), BSE Auto Index (down 1.09% at 4,885.47), BSE PSU index (down 1.31% to 7,300.00), BSE Consumer Durables index (down 0.67% to 4,567.37), BSE TecK index (down 0.92% to 3,529.85) and BSE Health Care Index (down 0.77% at 3,665.56), were underperformers. Among the 30-member Sensex pack, 19 slipped while the rest gained. Banking and financial shares dominated gainers throughout the day on sustained demand, boosted by latest data, which showed fall in inflation. India’s largest private sector bank in terms of net profit, ICICI Bank rose 2.64% to Rs 907, off its day’s high of Rs 922.90. 8.60 lakh shares were traded on the counter on BSE. It was the top gainer from the Sensex pack Other banking shares also gained on continued buying support. HDFC Bank (up 1.11% to Rs 1226), Kotak Bank (up 0.49% to Rs 776.25), Karnataka Bank (up 3.52% to Rs 210) advanced India’s largest private sector engineering company by sales Larsen & Toubro (L&T) rose 1.05% to Rs 2596 after its ECC division in consortium with Outotec GmbH, Germany bagged a Rs 762 crore Sinter Plant order, from Steel Authority of India (SAIL). L&T’s share in the order is Rs 639.99 crore and euro 22.08 million for Outotec. India’s largest private sector entity by market capitalisation and oil refiner Reliance Industries (RIL) struck an all time high of Rs 2069.50 in intra-day trades. It settled 0.35% higher to Rs 2033.50 on 6.78 lakh shares. RIL is reportedly entering shipbuilding and dredging business with two separate companies. It plans to invest around $1 billion each in two companies and has begun talks with international majors for a strategic tie-up for the dredging business. India’s top power generation company by sales, NTPC slumped 3.10% to Rs 185.95 on 10.50 lakh shares. It was the top loser from Sensex pack. Maruti Udyog (down 2.90% to Rs 866.20), ACC (down 1.75% to Rs 1109), and Wipro (down 1.74% to Rs 449.50), were the other losers from Sensex pack. Infrastructure Development Finance Company slumped 4.25% to Rs 129.55 on huge volumes of 2.73 crore shares on BSE. It was the top traded counter on BSE with total turnover of Rs 325.75 crore India Cements rose 1.06% to Rs 275.45 on huge volumes of 81.42 lakh shares, after a large block deal of 64.10 lakh shares was struck in the counter on BSE at Rs 277 per share in opening trade. It was the second most traded counter on BSE with total turnover of Rs 225.24 crore Other turnover toppers were Reliance Industries (Rs 139.19 crore), India Infoline (Rs 132.37 crore), and Reliance Capital (Rs 119.91 crore). Among the side counters, Milkfood (up 20% to Rs 480), Jindal Worldwide (up 19.98% to Rs 157.05), and Reliance Industrial Infrastructures (up 18.63% to Rs 601.15), surged. Safari Industries (down 17.38% to Rs 38.50), Deccan Chronical Holdings (down 13.06% to Rs 195) and Scooters India (down 10% to Rs 31.20), slipped Escorts (down 4.24% to Rs 102.70), Tata Teleservices (Maharashtra) (down 3.49% to Rs 33.15), and Bongaigaon Refineries (down 4.14% to Rs 57.85), slipped after the National Stock Exchange (NSE) barred further F&O positions in these underlings as 95% of marketwide limit was reached yesterday, 13 September 2007. SREI Infrastructure Finance surged 7.67% to Rs 107.40 after a block deal of 25.2 lakh shares, or 2.31% of SREI Infrastructure Finance's equity, changed hands at Rs 102.5 per share on BSE. Alok Industries jumped 5.68% to Rs 73.50. Earlier on 30 August 2007, the board of approval of the special economic zones (SEZs) approved Alok Infrastructure's proposal to set up a textiles SEZ at Silvassa, Gujarat. Alok Infrastructure is a wholly owned subsidiary of Alok Industries Ispat Industries flared up 5.26% to Rs 20. As per recent reports, the company is planning to invest about Rs 10,000 crore within five years to ramp up domestic production, and is also planning to expand overseas through capacity expansion and backward integration. Puravankara Projects rose 3.45% to Rs 374.35. As per reports, the company has tied up with Sobha Developers to bid for the Rs 9,250-crore Dharavi Redevelopment Project in Mumbai. Elpro International surged 10% at Rs 336.80 on BSE on reports that it is paying back shareholders a premium of Rs 173 per share for Rs 10 share to reduce paid-up capital by 25%. The company has an equity capital of Rs 3.56 crore. Aftek surged 12.10% to Rs 82.50 on high volumes of 52.47 lakh shares. Yesterday the stock surged 20% to 73.60 after Seekport AG in which company's unit holds 24.75% stake, was listed on Frankfurt Stock Exchange. Based on the bid price of 4.75 Euro per share, the total valuation of the company works out to Euro 475 million. Earlier, Arexera had acquired a stake in Seekport AG by transfer of technology. Ess Dee Aluminium surged 3.82% to Rs 495.10 on reports that the company had joined the race to acquire the packaging business of the Montreal-based aluminium giant Alcan. The Mumbai-headquartered Ess Dee is the second domestic contender, the other being Essel Propack. The deal size is expected to be around $1 billion (Rs 4,000 crore), or 1.2 times the turnover of the target company House of Pearl Fashions jumped 4.87% to Rs 278.05 after Reliance Mutual Fund bought nearly 3 lakh shares of the company in a bulk deal on the BSE yesterday, 13 September 2007 at a price of Rs 255 each. Foreign fund Morgan Stanley and Company International offloaded 3,94,748 lakh equity shares at a price of Rs 255.14 each. CCL Products soared 7.39 % to Rs 279.90 after Reliance Mutual Fund bought close to 9 lakh shares of the company in a bulk deal at Rs 250 each on the BSE yesterday, 13 September 2007. Citigroup Global Markets Mauritius sold 4,28,000 shares of the company at Rs 250.40 each. Era Constructions lost 2.46% to Rs 564.05. Its unit Era Infra Engineering bagged a Rs 285 crore contract from Aravali Power Company. Jet Airways (India) gained 0.45% to Rs 900 on reports that it secured government approval for flying to select destinations in the Gulf region. Unity Infraprojects declined 2.10% to Rs 598 despite announcing that it had received Rs 134.15-crore orders from Anuttam Developers for constructing a shopping centre at Koregaon Park, Pune. This is to be completed within 17 months. Hinduja TMT slumped 5.16% to Rs 456 on turning Rs 10 per share ex-dividend from today. It has face vale of Rs 10 per share. Monsanto India slipped 1.05% to Rs 1385. Its board approved selling its sunflower seeds business to the Indian arm of Belgian Devgen. Seed technolgy firm Monsanto India said during market hours today, 14 September 2007, that its board had approved selling its sunflower seeds business to the Indian arm of Belgian Devgen for $3.91 million. The deal also includes Mosanto's inventory at cost, the company said in a statement. All the European markets were trading lower except Spain’s Madrid General (up 0.64% to 1,553.14), on new worries over financing for banks, after mortgage lender Northern Rock issued a profit warning and tapped the Bank of England for funding. Key benchmark indices in United Kingdom (down 2.19% to 6,224.60), France (down 1.31% to 5,493.24), and Germany (down 1.04% to 7,457.26), declined. All the Asian markets advanced today, 14 September 2007 boosted by strong US markets overnight. Japan's Nikkei (up 1.94% at 16,127.42), Hang Seng (up 1.47% at 24,898.11), Taiwan's Taiwan Weighted (up 1.17% at 9,031.63), China’s Shanghai Composite (up 0.73% to 5,312.82), Straits Times (up 0.91% at 3,536.40) and South Korea's Seoul Composite (up 1.19% at 1,870.02) edged higher. US shares surged yesterday, 13 September 2007 led by strong gains among the blue chips and mortgage lender Countrywide Financial Corp., which signalled a possible thawing in the credit markets with the announcement it had lined up additional financing. The Dow Jones industrial average rose 133.23 points, or 1.00%, to 13,424.88. Broader stock indicators also advanced, though more modestly. The Standard & Poor's 500 index rose 12.39 points, or 0.84%, to 1,483.95, and the technology-heavy Nasdaq Composite index rose 8.99 points, or 0.35%, to 2,601.06. Crude oil held near $80 a barrel on Friday, 14 September 2007 within sight of record-high levels as a hurricane knocked out US Gulf refineries, deepening supply woes already caused by lower crude stocks in the world's top consumer. US crude dropped 32 cents to $79.77 a barrel, after hitting record of $80.20 a barrel, on Thursday, 13 September 2007. London Brent crude slipped 22 cents to $76.90 a barrel.

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