Friday's market "Fried the Bulls", with the "Inflation Heat"; much of which were generated from "Crude Oil". Government's fiscal measures could not "douse the fire in the commodities market". Economists across the TV Channels seemed to be confused and bewildered-----proving the fact that though economics is "loosly" called science, it does not have the "sharpness" of Science!!! The way IMF and some eminent brokerage houses cut forecasts at the fall of a hat, simply indicate "hollowness of such Researches". Investors/traders thus should kick those Research Reports into "Dust Bins of Dalal Street" and concentrate more on their Individual Researches and Experience!!! My very Recently Recommended VBC Industries Ltd and Inno Corp Ltd hit the buyer freeze, while Indag Rubber Ltd nearly hit the buyer freeze: Ennore Coke Ltd also hit the buyer freezes before cooling a bit: My earlier recommended Trend Electric Ltd, Minda Industries Ltd, etc. did well: So how will be the markets for Monday?? Shall we start buying aggressively or slowly or wait and watch?? Why can't the governement go for an interest rate hike, even though the inflation is burring holes in pockets?? Will the Government go for a hike in the CRR??? Will monetary tightening be necessary??? Which scrip will be recommended in the Sunday Report??? How much did the last week's Sunday Report Recommendation appreciate in one week, when the market was bleeding?? What will be this week's "Quickie calls", after high success of the last week's "Quickie Calls"??? Should investors/traders invest in the Mid Caps??? In last week IT was mentioned as the Hot Sector; and you saw the results!!! So the following weeks, which SECTOR/S could be looking "Sexy and Hot" for investments??? When will the sentiments improve? What are the "Secret News" in Southern Online Bio Technologies Ltd, Ennore Coke Ltd and Tantia Constructions Ltd?? Why has Jasawal Neco moved up so fast?? Should one buy this stock at this price?? Has the Indian Markets de-coupled with the US markets??? What is at PRESENT COMMON between Indian Bourses and Ms.Mitali Mukherjee?? ALL THESE TO THE PAID MEMBERS:

Data showing a surge in inflation to a three-year high spooked the market today. Banking stocks fell after concerns of possible Reserve Bank of India intervention to rein in inflation. Capital goods and power stocks declined. Bharat Heavy Electricals (Bhel) and HDFC were major losers whereas Ranbaxy Laboratories and Tata Steel were top gainers from the Sensex pack. The market breadth was weak. European markets which opened after Indian market, were in green. The 30-share BSE Sensex ended down 489.43 points or 3.09% at 15,343.12. At the day’s low of 15,303.04 Sensex lost 529.51 points in late trade. At the day’s high of 15,896.09, the Sensex rose 63.54 points in early trade. The broader based S&P CNX Nifty was down 124.6 points or 2.61% at 4,647. Nifty April 2008 futures were at 4666.10, at a premium of 19.1 points as compared to spot closing of 4647. BSE Clocked a turnover of Rs 4947 crore compared to a turnover of Rs 4985.58 crore on 3 April 2008. The NSE's futures & options (F&O) segment turnover was Rs 33723.32 crore, which was higher than Rs 32,513.16 crore on Thursday, 3 April 2008. India's wholesale price index (WPI) rose 7% in the 12 months to 22 March 2008, accelerating from the previous week's rise of 6.68%. The rate is the highest since 4 December 2004. Prospects of further monetary tightening by the Reserve Bank of India (RBI) following a surge in inflation is a cause for concern at a time when the already high rates are pinching the domestic industry. The surge in inflation has triggered fears that RBI my raise cash reserve ratio (CRR). An increase in CRR would suck out liquidity immediately pushing up the cost of funds and thereby curbing demand. The market breadth was weak: on BSE 808 shares advanced as compared to 1823 that declined. 66 shares remained unchanged. The BSE Mid-Cap index down 1.95% to Rs 6,262.85 and BSE Small-Cap index down 1.6% to 7,703.14. As per the provisional figues on NSE, foreign funds sold shares worth Rs 848.57 crore today 4 April 2008 and domestic funds bought shares worth Rs 579.84 crore. BSE Capital Goods index (down 4.5% to 12,620.35) underperformed Sensex. BSE Power index (down 2.99% to 2,964.08), BSE Bankex (down 2.95% to 7,589.96), BSE Auto index (down 2.5% to 4,378.54), BSE Oil & Gas index (down 2.37% to 10,282.64), BSE Realty index (down 2.34% to 7,346.96), BSE PSU index (down 2.34% to 7,176.05), BSE FMCG index (down 2.21% to 2,292.76), BSE IT index (down 2.06% to 3,687.40), BSE Metal index (down 1.09% to 13,440.35), BSE HealthCare index (down 1.08% to 3,845.83), BSE Consumer Durables index (down 1.04% to 3,817.65) outperformed Sensex. India’s largest private sector company in terms of market capitalisation and oil refiner Reliance Industries was down 2.99% to Rs 2,322.20. Capital goods stocks fell. Bharat Heavy Electricals (down 6.89% to Rs 1,634.10) and Larsen & Toubro (down 5.74% to Rs 2,686.35) edged lower. Suzlon Energy rose 1.84% to Rs 277.10. Banking stocks plunged after inflation data. HDFC Bank (down 2.89% to Rs 1,292.15), ICICI Bank (down 3.07% to Rs 763.70) and State Bank of India (down 2.06% to Rs 1,605.35) edged lower. Power stocks declined. Tata Power Company (down 3.36% to Rs 1,120.30), Reliance Energy (down 1.94% to Rs 1,166.35), NTPC (down 2.32% to Rs 189.75) and Reliance Power (down 2.34% to Rs 321.90) edged lower. IT stocks declined. Wipro (down 4.53% to Rs 415.60), Infosys (down 2.55% to Rs 1,482.90), Tata Consultancy Services (down 1.78% to Rs 870.15) and Satyam Computer Services (down 0.65% to Rs 425.25) edged lower. HDFC (down 6.83% to Rs 2,275.95), Mahindra & Mahindra (down 6% to Rs 605.15), Bharti Airtel (down 4.53% to Rs 783.85), ITC (down 3.46% to Rs 200.80), Jaiprakash Associates (down 5.21% to Rs 221.25) and Tata Motors (down 2.5% to Rs 613.45) edged lower from Sensex pack. Ranbaxy Laboratories (up 2.55% to Rs 458.5), Tata Steel (up 0.17% to Rs 660.70) were only gainers from Sensex pack. ACC shed 0.16% to Rs 835 even as the company said its cement shipments rose 4.9% to 1.92 million tonnes in March 2008 over March 2007. Ispat Industries clocked the highest volume of 2.15 crore shares on BSE. Tulsi Extrusions (1.54 crore shares), Reliance Natural Resources (1.47 crore shares), Reliance Petroleum (1.45 crore shares) and Indiabulls Securities (95.95 lakh shares) were other volume toppers in that order. Reliance Petroleum clocked the highest turnover of Rs 247.62 crore on BSE. Reliance Capital (Rs 240.51 crore), Bharat Heavy Electricals (Rs 216.29 crore), Reliance Industries (Rs 206.72 crore) and Larsen & Toubro (Rs 199.48 crore) were other turnover toppers in that order. European markets were in green. France’s CAC, Germany’s DAX and UK’s FTSE 100 rose in between 0.27% to 0.57%. Japan’s Nikkei edged 0.72% lower in cautious trade today, 4 April 2008, ahead of US jobs data later in the session that will provide fresh clues on the world's largest economy. Stock markets in China, Taiwan and Hong Kong were closed today for the Tomb Sweeping Day holiday. US stocks edged up on Thursday, after a report that Merrill Lynch & Co does not need to raise more capital eased fears of a deeper credit crisis and offset concern that monthly jobs data would point to a recession. The Dow Jones Industrial Average gained 20.20 points or 0.16% at 12,626.03. The tech-laden Nasdaq Composite index rose 1.90 points or 0.08% to 2,363.30. Meanwhile, the Bombay Stock Exchange (BSE) today launches the trading of Sensex-based futures on the US Futures Exchange (USFE) in Chicago. The contract will have a notional value of $40,000 and a tick value of $10. The clearing and settlement will take place through The Clearing Corporation, Chicago. Stock-specific activity may rule the roost on the bourses in the near term depending on the guidance given by company managements for FY 2009 (year ending March 2009) at the time of announcing Q4 March 2008 results. IT bellwether Infosys Technologies kickstarts the earnings reporting season on 15 April 2008. [From Internet]