Phonix International Ltd hits the buyer freeze: Keep accumulating Kamanwala Industries Ltd and Conart Engineers Ltd: BNK Capital Markets Ltd which holds 3005917 shares of CESC Ltd (Calcutta State Electricity Board) whose value is Rs.162, 62,01,097 on a small equity of Rs.5 Cr only looks good at the CMP of Rs.53. For more on the company please visit-->http://www.bnkcapital.com/:

IFB Agro Industries Ltd which is into Liquor Business is set to do well after the Corporate Debt Restructuring,some months back. The liquor companies will do well as the Molasses prices are falling due to weakness in the Sugar Sector. Since the future prospects of Sugar Sector looks very bearish and hence this is a boon for the liquor companies who source their raw materials from the Sugar Companies, while the Sale price of Liquor remains the same giving huge margins on the sale of their(liquor comapanies) products:

Market extends gains:

The market extended gains in mid-morning trade to hit intra-day high. Reliance Industries firmed up. Sugar stocks lost ground. BSE's Capital Goods index was the major gainer. Market breadth was negative. IT stocks extend gains. Auto stocks climbed. American markets closed on a mixed note on Monday, 8 October 2007. Asian markets were trading mixed today. At 11:25 IST, the BSE 30-share Sensex was up 181.08 points, or 1.04%, to 17,672.47. It opened with an downward gap of 89.15 points at 17,402.24 and soon declined to hit intra-day low of 17,287.19. At day's low of 17,287.19, Sensex had lost 204.2 points for the day. The broader based S&P CNX Nifty was up 36.95 points, or 0.73%, to 5,122.05. It had hit a low of 5000.95 in early trade. Of the 30 shares of the Sensex, 24 had moved up, while the remaining were trading down. The market breadth was weak on BSE: 861 scrips advanced, 1,546 declined, while 610 remained unchanged. Sugar scrips Bajaj Hindusthan (down 2.07% to Rs 146.50), Balrampur Chinni Mills (down 2.79% to Rs 66.05), Dhampur Sugar Mills (down 1.35% to Rs 54.90) and Shree Renuka Sugars (down 0.33% to Rs 696.70), edged lower after the International Sugar Organization said India' exportable sugar surplus would make significant price rises unlikely. India’s largest private company in terms of market capitalisation and oil refiner Reliance Industries rose 0.54% to Rs 2,429.80. IT stocks extended gains today ahead of the Infosys result announcement on Thursday, 11 October 2007. Infosys (up 1.33% to Rs 2,027), TCS (up 1.15% to Rs 1,090.95), Satyam Computer Services (up 1.85% to Rs 464.35) and Wipro (up 0.29% to Rs 471) edged hihger. Indian software services firms are seen reporting strong quarterly earnings as more foreign companies look to outsourcing to cut costs, but a rising rupee and a possible slowdown in the U.S. are concerns. Bharti Airtel (up 1.94% to Rs 1,005) and HDFC (up 1.76% to Rs 2,501.50) were other major gainers from Sensex pack. NTPC (down 1.32% to Rs 201.95), Ranbaxy Laboratories (down 1.19% to Rs 407.40), Cipla (down 2.05% to Rs 184.05), Ambuja Cements (down 0.93% to Rs 143.75) and ITC (down 0.81% to Rs 177.05) were major losers from Sensex pack. Capital goods stocks surged. Larsen & Toubro (L&T) rose 1.31% to Rs 3,060 after it announced that Indian Oil Corporation (IOCL) has awarded an order valued at Rs 693 crore to the company. Wind turbine maker Suzlon Energy rose 0.75% to Rs 1,658.50 after its US subsidiary Suzlon Energy Corp received a 400 mega watt contract from Houston-based Horizon Wind Energy. Auto stocks gained. M&M (up 0.1% to Rs 726), Bajaj Auto (up 0.76% to Rs 2,620), Maruti Suzuki India (up 2.21% to Rs 1,048.10), Hero Honda Motors (up 0.65% to Rs 731) and Tata Motors (up 0.86% to Rs 771) edged higher. Copper producer Sterlite Industries declined 1.87% to Rs 729.95, after copper fell by 4% on Monday 8 October 2007 on London Metal Exchange. Among side counters, Phoenix International (up 20% to Rs 30), Intellvision Software (up 20% to Rs 147.80), Morganite Crucib (up 18.63% to Rs 100.95), and Lumax Automotive (up 14.57% to Rs 70) edged higher. Keltech Engeries (down 18.86% to Rs 77) edged lower. Asian markets, which opened before the Indian markets, were trading mixed today. Taiwan's Taiwan Weighted index (down 0.71% to 9,647.80), Hong Kong’s Hang Seng (down 0.01% to 27,766.61) edged lower. Singapore’s Straits Times (up 0.48% to 3,838.49) and Japan's Nikkei (up 0.58% at 17,163.35) edged higher. American markets traded mixed on Monday, 8 October 2007. The Dow lost 22.28 points, on the day, closing at 14,043.78. Nasdaq Composite rose 7.07 points, to close at 2,787.37. US markets had surged earlier as non-farm payrolls report released on Friday 5, October 2007 showed US employers added 1,10,000 jobs in September 2007 and August 2007 job losses were revised to a gain, helping lift worries about a US recession in the near term. As per provisional NSE data, foreign institutional investors (FIIs) were net buyers of Rs 1,459.51 crore of equities, while domestic institutional investors (DII) were net sellers of Rs 142.68 crore of equities on Monday, 8 October 2007.