My Morning Calls on Sanguie Media Services Ltd and CHD Developers Ltd hits the buyer freezes: Phoenix International Ltd hits the Buyer freeze: Both Videocon Communications Ltd (Trend Electronics Ltd) and Clutch Auto Industries Ltd are looking great at the CMP. One should accumulate them for some decent appreciation in the next 60 days to 90 days: Both the media and Auto ancillary Sectors are expected to see increased activities in the days come. Please view auto and auto ancilliary sectors in a little different way: Ferro Alloys Corporations Ltd should do well in the days to come and hence one should accumulate it in a staggered way as it declines:

Infosys hardens even as market pares gains:

The market pared gains once again amidst volatile trade in afternoon trade after touching an intra-day high in early afternoon trade. The market had earlier pared gains following strong opening. It had firmed up in mid-morning trade. IT stocks surged in afternoon trade. Capital goods, power, realty stocks gained. HDFC and DLF were major gainers from Sensex. Reliance Industries pared gains. Banking majors were subdued. The market breadth was strong. BSE small cap and mid cap indices outperformed Sensex. Asian markets were mixed. India's wholesale price index rose 3.01% in the 12 months to 10 November 2007, below the previous week's rise of 3.11%, government data released today afternoon showed. The annual inflation rate was 5.39% during the corresponding week of the previous year. At 13:23 IST, the 30-share BSE Sensex was up 131.49 points or 0.71% at 18,656.84. Sensex hit a high of 18,910.46 in early afternoon trade. At day’s high of 18,910.46, Sensex had gained 384.14 points. The S&P CNX Nifty rose 37.75 points or 0.68% to 5,557.10. The market breadth was strong. On BSE, 1,835 stocks advanced, 824 stocks declined and 42 stocks were unchanged. 23 out of 30 stocks from the Sensex pack were in the green. The BSE Mid-Cap index rose 1.56% to 8,216.91 and the BSE Small-Cap index up 1.38% to 10,200.08. Both these indices outperformed Sensex. Index heavyweight and India’s largest private sector firm by market capitalisation Reliance Industries was up 0.77% to Rs 2,744.15. It came off from session's high of Rs 2,797. IT stocks surged in afternoon trade. Infosys (up 3.66% to Rs 1,587.90), Tata Consultancy Services (up 1.23% to Rs 961), Satyam Computer Services (up 0.88% to Rs 418) and Wipro (up 0.35% to Rs 439.50) edged higher. Banking majors declined. HDFC Bank (down 1.95% to Rs 1,563) and ICICI Bank (down 0.26% to Rs 1,124) edged lower. However, India’s largest public sector bank by assets State Bank of India rose 0.74% to Rs 1,135.95. India’s largest truck maker by sales Tata Motors rose 3.94% to Rs 719.25 after union leaders at Ford Motor Co's Land Rover and Jaguar brands agreed on Thursday, 22 November 2007, to support the Indian firm's bid for the brands. Tata Motors, Mahindra & Mahindra and buyout firm partner Apollo, and JP Morgan-backed One Equity Partners, are reportedly in race to acquire the Ford brands. Power stocks surged. India's biggest power generation firm by revenue NTPC rose 2.83% to Rs 233.80. NTPC announced after market hours on Thursday, 22 November 2007 that the company and Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) have signed a memorandum of understanding for the formation of a joint venture company (JVC) for establishing and operating a coal based thermal power project at Meja Tehsil or any other suitable site in Allahabad district in the state of Uttar Pradesh. Reliance Energy (up 4.03% to Rs 1,669.80) and PowerGrid Corporation of India (up 2.82% to Rs 145.85) edged higher. Realty stocks gained. India’s largest real estate developer by market capitalisation DLF rose 4.59% to Rs 859. As per reports, Fortis Healthcare and DLF are close to signing an agreement to set up 15 hospitals in the next five years on lands situated in the real estate giant’s townships in India. As per some other reports, leading US quick service restaurant (QSR) chains Burger King and Wendy's are having talks with India's largest real estate company DLF for a foray into the Indian market. Indiabulls Real Estate (up 1.88% to Rs 614.20), Unitech (up 3.34% to Rs 339.15) edged higher. Capital goods stocks surged. Larsen & Toubro (up 2.8% to Rs 4,050), Bharat Heavy Electricals (up 1.67% to Rs 2,526.50) and Suzlon Enegy (up 1.23% to Rs 1,875.05) edged higher. India's biggest dedicated housing finance firm in terms of revenue HDFC rose 4.54% to Rs 2,677.20 and was the top gainer from Sensex. Maruti Suzuki India (down 1.06% to Rs 956.50) and ITC (down 0.7% to Rs 183.90) edged lower. Jindal Steel rose 12.65% to Rs 11,290 and was the top gainer from A group shares on BSE. IndusInd Bank (up 6.62% to Rs 101.50), Welspun Gujarat Stahl Rohren (up 6.61% to Rs 395.25) Welspun gujarat stahl (up 6.61% to Rs 395.25) and Indian Bank (up 6.24% to Rs 161) edged higher. Simplex Infrastructures rose 4.25% to Rs 636.85 after the comapny said during the market hours today it had bagged a contract wroth Rs 580 crore. Khaitan Weaving Mills hit 5% upper circuit at 293.45 after it fixed 14 December 2007 as the record date for the purpose of determining the entitlement of right offer of equity shares in the ratio 6:1. Siemens rose 7.78% to Rs 2,080 on strong Q4 results and liberal bonus 1:1 bonus issue announced after trading hours on Thursday, 22 November 2007. Siemens net profit rose 125.7% to Rs 308.63 crore on 46.7% rise in sales to Rs 2,188.46 crore in Q4 September 2007 over Q4 September 2006. Shares in DCM Shriram Industries hit 5% upper circuit at Rs 88.05 on reports that the founders offered to raise the warrants subscription price to Rs 90 each from Rs 52 at a Company Law Board hearing. The move was in response to a petition from a large shareholder seeking a stay on the preferential issue of warrants due to low pricing. Asian Oilfield Services hit 5% upper circuit at Rs 205.15. It announced after the market hours on Thursday, 22 November 2007 that a meeting of the board of directors of the company will be held on 23 November 2007, to consider the issue and allotment of equity shares and/or warrants on preferential basis to strategic investors. Asian markets were trading mixed today, 23 November 2007. Hong Kong's Hang Seng (up 1.79% at 26,469.08), China’s Sanghai Composite (up 0.96% to 5,032.13) and Singapore's Straits Times (up 0.39% to 3,325.73) rose. However, Taiwan's Taiwan Weighted (down 1.85% at 8,342.20) and South Korea's Seoul Composite (down 1.45% at 1,772.88), slipped. Japanese stocks market is closed today for Labour Thanksgiving Day. US markets remained closed for Thanksgiving day yesterday, 22 November 2007. As per provisional data, FIIs sold shares worth a net Rs 2487.71 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 1341.15 crore on Thursday, 22 November 2007. Foreign institutional investors (FIIs) were net sellers to the tune of Rs 240.07 crore in the futures & options segment on Thursday. According to data released by the NSE, FIIs were net sellers of index futures to the tune of Rs 544.02 crore and bought index options worth Rs 154.75 crore. They were net buyers of stock futures to the tune of Rs 153.02 crore and sold stock options worth Rs 3.82 crore. Crude oil prices climbed back above $97 a barrel in thin trade on Friday, 23 November 2007 buoyed by the unrelenting decline in the US dollar. London Brent crude rose 35 cents to $94.85 a barrel, while U.S. light crude for January delivery stood at $97.35 a barrel. [With inputs from the Internet]