Southern Online Bio Technologies Ltd & Premier Explosives Ltd both closed with huge volumes, yesterday: Yesterday, Solar Explosives Ltd(not recommended by me) reached the upper circuit with huge volumes and hence I think the time has come for another equally good(or may be better) explosive Company, Premier Explosives Ltd to, hit the roof: Keep holding both the companies as they have a wonderful story to tell: Cinemax India Ltd recommended to select few at around Rs.139 and Rs.114, crosses Rs.160. Keep holdingn with a SL of Rs.154: AIA Engineering Ltd, recommended to special package group at around Rs.1300, also clocks huge volume and closes above Rs.1500: Bharat Seats recommended at Rs.109, hits another buyer freeze: My earlier recommended scrip ABC India Ltd reaches Rs.41 again. Those who have not sold earlier, please keep holding with a SL of Rs.39: Tera Software Ltd is heading towards Rs.120 mark , keep watch: Reliance Natural Resources Ltd (RNRL) recommended at around Rs.24-25 soared 5.70% to Rs. 31.55 on huge volumes of 3.65 crore shares. It was included in F&O segment from 14 May: Yesterday,the frontline IT pivotals stayed weak throughout the day’s trading session, as the rupee continued its upward march and was quoted at 40.83/84 against US currency in late morning deals on weak dollar overseas and sustained dollar selling by exporters, despite capital outflows.A rise in the rupee directly impacts revenue and profit of IT firms, which derive a lion’s share of revenue from exports to the US:

Also note that Index heavyweight Reliance Industries (RIL) was down 1.48% to Rs 1596.45 on 6.13 lakh shares. It slipped from a high of Rs 1623.25 following reports that it has got a tax benefit of Rs 376.17 crore in 2002-03 because of unreasonable concessions due to under-assessment by tax authorities, as per a report of the Comptroller and Auditor General (CAG) of India, which was tabled in Parliament on Monday, 14 May 2007: The market breadth was just about positive on BSE, with 1,314 shares advancing as compared to 1,270 shares declining, while 81 shares remained unchanged:Yesterday, both the mid and small caps indices closed in the gains, echoing my point that this is the time to invest heavily in this space:

In the US also there is a real dichotomy: "Big corporate America, the staid and stodgy companies, are doing well. They're going up today. Stocks that are riskier, stocks that are smaller, stocks in the emerging market vein or technology vein, those are being sold.":

Asian Stocks Fall Led by Kajima, CSR on Earnings; Inpex Rises:

Japanese stocks paced a decline in Asia after Kajima Corp. forecast a decline in profit, raising concern earnings growth at the country's builders will weaken. Kajima, Japan's largest general contractor, plunged by 10 percent, the biggest drop in nine years. Obayashi Corp. dropped for a fourth day, extending its slide to 11 percent. Australia's CSR Ltd. slid after saying profit will fall. ``Japan's market was bought on the basis of the country's recovery until 2005 but now that phase is over, investors are taking a closer look at the micro level of the economy,'' said Shuichi Hida, who helps oversee $850 million at Plaza Asset Management Co. in Tokyo. Earnings reports have ``resulted in the divergence of companies' share performance.'' The Morgan Stanley Capital International Asia Pacific Index lost 0.2 percent to 148.17 at 11:12 a.m. Japan's Nikkei 225 Stock Average declined 0.2 percent while the broader Topix Index fell 0.4 percent. Australia's S&P/ASX 200 Index dropped 0.2 percent. Energy stocks such as Inpex Holdings Inc. rose after crude oil prices climbed. All benchmarks in the region fell, except in South Korea, Taiwan, Malaysia, New Zealand and the Philippines. U.S. stocks dropped yesterday after profit at Home Depot Inc. dropped more than forecast, housing prices tumbled and foreclosures rose, heightening concern the real-estate slump may worsen. The Standard & Poor's 500 Index slipped 0.1 percent. Declining Earnings: Kajima plunged 10 percent to 526 yen, set for its biggest tumble since April 1998. The company expects a 23 percent drop in net income this business year, with a 2.2 percent slip in sales. Profit in the year ended March 31 jumped 84 percent. Obayashi, Japan's fourth-largest builder, dropped 4 percent to 702 yen. The stock extended yesterday's 5.8 percent slide, when the company forecast a 41 percent fall in net income this fiscal year. Earnings announcements in Japan peaked yesterday with 301 companies reporting, the most on a single day in a decade, the Nikkei newspaper said. Toshihiko Okino, an analyst at UBS AG in Tokyo, said profit forecasts for this year among the three largest construction companies missed consensus forecasts. ``Analysts thought the earnings at construction companies would be a lot better than they turned out,'' said Akihide Kinugawa, who helps manage the equivalent of $19 billion in Japanese stocks at T&D Asset Management Co. ``With Japanese shares now trading at twice the level they were in 2003, the earnings don't provide sufficient reason for indexes to rise.'' Energy Stocks Gain: CSR, Australia's biggest sugar refiner and home-building materials maker, slumped 3.6 percent to A$3.52. Earnings before interest and tax this year are ``unlikely to reach'' the A$406.1 million ($338 million) Sydney-based CSR reported for the 12 months to March 31, Chief Executive Officer Jerry Maycock said in a statement. Sugar prices have fallen and a housing slump has hurt demand for building-materials products. A measure of energy stocks on MSCI's Asia-Pacific index gained 0.8 percent. Oil futures in New York gained 1.1 percent yesterday to $63.17 a barrel, the highest since May 3. Prices were recently at $63.13 in after-hours trading. Inpex, Japan's largest oil explorer, climbed 1.9 percent to 1.05 million yen. Nippon Oil Corp., its biggest refiner, jumped 5 percent to 1,032 yen amid speculation it can pass on higher oil costs to consumers. SK Corp., South Korea's largest refiner, rose 3.4 percent to 107,500 won. [With Inputs from the Internet]

Some Tit-bits of Stocks: Another Mushroom manufacturing company could Spring Surprise after good showing in Q3FY-2006-07: An analysts is betting heavily on Textiles, Chemicals & Fertilisers and Agro-based sectors as according to him, these could be the prime target of the Finance Minister since these three sectors taken together contribute more than half the GDP: Momentum to continue in the bourses as the Pre-Budget Rally has stated, as was mentioned in ealier positings: Look for Undervalued & Fundamentally strong Scrips in Mid, Small & Micro-Cap Space:Natural Gas drags Crude Oil down:

When would Stock Exchanges stop moving the scrips at will from one Group to Another (Like moving a scrip from the Z-group to B2 group and vice-versa), triggering rally or fall in them. Is the officials close to Dalal Street Making money on this exercise? Seems? On the name of cutting volatilty a section of unscrupulous Traders and Investors who are connected with Stock Exchange Officials, are making hefty money, due to this mindless exercise; since rallies or falls in those scrips often start much before an Official Announcement:Has the "Protector turned Predator??!!!Is SEBI hearing???!!!

[Updated at 0840 Hours]:

1. BSEL Infrastructure Realty Ltd is all set to cross Rs.115 within a short time as after India Bulls Financial Services Ltd and J P Morgan Stanley, www.5paisa.com have recommended this stock with price target above Rs.100. So look for some swift and strong upmove in this counter. There are also strong rumours of bagging of another order by the company. Don't sell a single share of the company and add on dips in intra-day trade.

2. Agro Dutch Industries Ltd ( Recommended at Rs.23.5) is shooting up like a rocket after wonderful results are declared. Another Mushroom maker Premier Explosives Ltd [Premier Explosives manufactures explosives and also grows white button mushrooms. But unlike Agro Dutch Ltd who exports mushrooms heavily and is prone to Forex Fluctuations, it sells 70% of its produce in the domestic market] have come up with wonderful set of numbers which indicated that the company's margins have increased.

Some of the recent developments in the company are:

i) it got a Rs 7 crore per year order from ISRO for 20 years. ii)The company recently started production of specialised products for Defence sector. This effect have lifted the results of the last quarter. iii) Good number of Overseas tie ups(Joint Ventures) and brand building. iv)The price of mushroom have increased by 20%--30% in the Indian and International markets. iv) The value unlocking by selling some of the assets of its mushroom division will improve both its top and bottomlines.

v) After Karvy Stock Broking Ltd another brokerage house is thinking of recommending it after the superb Q3 results. Motilal Ostwal which recommend many of my scrips could recommend this scrip also. Hence, a rally could start any time in this counter and so do not sell a single share of this stock. The stock is bound to cross Rs.100 soon.

3. There are too much operator involvement in Aftech Infosys Ltd--try to trim ur positions in this counter if u are making profits.

4. A portfolio advisory service has turned bearish on Tata Steel and have projected a downward price of Rs.400 and hence be careful to take new positions.

5. Real Estate Stocks are not moving much these days except one or two. But whatever people say on real estate sector, the land prices are bound to increase as Land is limited but Human population is not----hence the obvious answer. Look for good construction companies and hold them till budget.

6. Valecha Engineering Ltd's promoters seems to be playing with the stock--try to trim up positions in the counter. The results more or less is factored in the current price.

7. Zigma Software Company Ltd has again started hitting the upper circuits, after the comments of some mad and motivated persons in Money Control Message Board some weeks back--they called this company a fraud when it started to go down. People say whatever they like when a stock goes in for correction mode. Also the moderators there were so wise that disallowed any messages to be posted there except what they wanted. Is it a message board or a "Den of Thieves or henchmen of CNBC".

8. CNBC has tried to give a new look to its site after my out-burst or fury against the mis-management of the Message board leading to losses of investors. But it still remains to be seen if they the Moderators of MMB stop playing with the stocks or not. "The protector has turned predator"---is SEBI hearing......Mr.Damodaran is out of Bombay or what????!!!

9. NR International Ltd has hit the buyer freeze after my morning call on Friday. The company is into coal exploration. But please avoid taking too much position in this scrip as the gains could be speculative.

10. Start booking profits in Nagpur Power and Industries Ltd as it could run out of steam any time.

11. The promoters of Jai Corp are selling family jewels to show inflated EPS on the results sheets but how long can they go on doing? Do they have portfolio management team to pick shares from the market. The stock could fall below Rs.1000. Keep watch and do not take fresh positions.

12. All sorts of stories are being floated in Futura Polyester to make the stock move up. Try to avoid the counter as there lot of good counters as of today.

13. India Bulls Financial Services Ltd is running ahead of fundamentals. But its demerged entity is going to list Rs.500 plus. So sell this portion immediately as u might get trapped any time.

14. Revathi Equipments Ltd came out with disappointing set of numbers for the Q3 and hence exit as this market tends to value quarterly results more even if they are manipulated or made to look dismal to keep away from the prying eyes of Taxmen or the company has great stories to tell ahead.

15. RPG cables have run up quite a bit on the news of real estate. It is time to say bye bye to this stock as cable business is showing signs of fatigue.

16. G M Breweries Ltd did not explode downwards as commented by a lady in Money Control Message Board with the blessing of the moderators (or may be she is one of the moderators posting under pseudo names to influence the stock) and hence it is unlikely to go too low in this bull charge. Keep holding with a SL of Rs.100. But the problem is that this market tends to value results more even if the company has huge growth prospects ahead.

17. Chandra Prabhu International Ltd is getting some pressure on its margins. They have also removed the full time company secratory and brought in a part-timer which brings suspicision on the company's activities off-late. Try to exit the counter for the time being before I tell u to enter again.

18. Gravity(I) Ltd is making new highs everyday, but the stock came down on last Friday after profit booking was advised. Try to exit the stock for the time, let it cool down a bit and then agian enter. This company has a lot of stories to tell in the days ahead. The company is investor friendly and managment is under the strict control of Rashik Lal Thakkar--nothing moves in the company without his blessings.

19. Some people are betting on RNRL due to its better prospects in 2008--2009. Keep watch on this counter.

20. Silverline Technologies and Teledata Informatics Ltd are moving up dangerously as lot of stories are floated by the vested interest groups. Solution: Try to pocket whatever profit you have before getting trapped in the counter.

21. After my sarchastic comments, Shivalik Global Ltd have fallen from grace--The stock rose beyond fundamentals on the blessings of some circles (MMB gave huge publicity to this stock for the vested interests to make money). Book now profit and enter only if it falls to Rs.41--Rs.42 levels again. There is no time frame when its real estate business will start. These days all player with or without knowledge wants to venture in Real estate....are all of them making profits?? I had recommended the stock at around Rs.25.5.

22. In the current budget government could give more incentives to food processing and Agriculture sectors and hence a rally could start at any time in this space. One of the Mushroom making companies ( Agro Dutch Industries) is already rallying and more are likely to follow suit. Keep watch.

23. Kakatiya Cement Sugar & Industies Ltd is falling even after posting encouraging results--this shows how a negative sentiment can do with stocks in the sector.

24. Some Hotel Stocks without any fundamentals are running just on news and operator movement. So invest only in the stock in which u have news. Remember all hotels are not making profit.....

25. According to an analysts the next happening sectors are Textiles, Chemicals & Fertilisers and Agro-based as these could be the prime choice of the Finance Minister (FM) since the three sectors taken together contribute more than half the GDP growth. Start picking up the best in these sectors.

26. Some people are still asking me about Morgan Ventures Ltd when I have asked all to book profits at around Rs.48--Rs.49 range last year without giving fresh call on it, but people have a habit of spinning stories on it. The company could make enormours by selling property, but "God" only knows when they will be able to do the same. The management off late has turned hostile to shareholders. Solution: Keep away and avoid taking fresh position.

27. Those who have not booked profits in Flat Products Equipments Ltd earlier should do the same immediately and wait for the Results. If the results are good then then can again enter at around Rs.105--Rs.108 range.

28. An Unexpected bonus from Gujarat Apollo Equipments has made the scrip run, some weeks back. But then when is the company coming up with Bonus issue or why did the company change its name to GUJARAT APOLLO INDUSTRIES LTD or suddenly decided to enlist the equity shares of the Company at National Stock Exchange, after the proposed bonus issue is completed.??!!

More in the following postings........

Best regards,

Suman Mukherjee

India.

www.eindiabrokers.com

http://finance.groups.yahoo.com/group/SumanSpeaks/

www.3paisa.com

Sensex settles just short of 14,300:The BSE Mid-Cap Index rose 71 points or 1.2% to 6,244.04 while the BSE Small-Cap Index gained 41 points or 0.6% to 7,357.75: Keep Holding Kernex Micro System Ltd with a SL of Rs.172 for the short term: Teledata Informatics Ltd has reached my first downward target of Rs.54. It will fall further to Rs.33-Rs.34 range and then to Rs.18--Rs.19 range: Keep adding Zigma Softwre Ltd or average out at the current price: KEI Industries Ltd is consolidating at the current price, keep holding with an appropriate stop loss: Keep adding Sanjivani Parenterals Ltd at the current price for a short to medium term target of Rs.65--Rs.70: Solar Explosives Ltd high on spirit, moves to Rs.156.25 on the better prospects of defence sector. Wait a little while for Premier Explosives Ltd to zoom to above Rs.70, as the result day nears. Premier Explosives Ltd is expected to come up with wonderful results besides the trial production has started in two of its overseas factories. The company is expected to get another defence order soon. Its main clients are Coal India Ltd, and some well known cement & mining companies:

Buy BOC India Ltd for a medium to long term target of Rs.250--Rs.300. Do not buy this stock for the very short term, the scrip may not perform--keep at least 6--8 months time frame. The company is into gas sector and is a wellknown name in this space:

The market, which opened firm yesterday, kept on advancing as time progressed. The rally gathered steam in mid-afternoon trading. The BSE 30-share Sensex closed with a 215.36 point spurt or 1.53% at 14,295.50. It opened slightly higher at 14,088.58 and started declining till it touched a low of 14,058.79 at 10:49 IST. The benchmark index bounced back from that level as buying resumed, to strike a high of 14,315.18 at 15:24 IST. The S&P CNX Nifty advanced 67.20 points or 1.62% at 4,214.30. The Nifty June 2007 futures settled at 4,212.50, a marginal discount of 1.80 points compared to the spot closing. Strong response to the follow-on public offer (FPO) of ICICI Bank, boosted the sentiment. Short covering extended the rally further towards the fag end of the day. Some market players had gone short on the market expecting a fall in share prices due to shift of funds by investors from secondary market to primary market to subscribe for the large sized Rs 8750 crore FPO of ICICI Bank. These short sellers rushed to cover their positions. Strong buying momentum was seen in select index pivotals including Reliance Industries (RIL), State Bank of India (SBI) and Oil & natural Gas Corporation (ONGC). However, IT stocks underperformed yesterday, 19 June 2007, as the rupee strengthened against dollar. The FPO of ICICI Bank was fully subscribed by the first one hour of the opening of the issue yesterday, 19 June 2007. The subcription to the FPO gathered further steam later. It was subscribed 2.70 times by 16:00 IST. It was observed that despite opening stronger for the past two trading sessions (15 and 18 June 2007), the Sensex had settled with losses on sell-off, despite strong global markets. Market men said the latest circular issued by the Central Board of Direct Taxes (CBDT) on Friday, 15 June 2007, failed to provide the much-needed clarity with regard to tax on profit/gain arising from sale of shares. CBDT issued the circular after trading hours on Friday, 15 June 2007. The total turnover on BSE amounted to Rs 4326 crore while the NSE F&O turnover amounted to Rs 37415.18 crore. The market breadth was positive on BSE with 1,397 shares advancing and 1,180 declining. 82 remained unchanged. The BSE Mid-Cap Index rose 71 points or 1.2% to 6,244.04 while the BSE Small-Cap Index gained 41 points or 0.6% to 7,357.75. Among the Sensex pack, 23 advanced while the rest declined State-run banking major State Bank of India (SBI) surged 3.78% to Rs 1368.30 on 5.56 lakh shares. It was the top gainer from the Sensex pack. SBI is set to raise $225 million from the overseas market this year by issuing perpetual bonds. The overseas issue opened on Monday, 18 June 2007, and the bank is expected to price the bonds this week. The bank plans to raise a total of Rs 15,000 crore this year in the form of equity (tier-I) and debt (tier-II). ICICI Bank advanced 2.69% to Rs 942.50. Before trading hours on Monday, 18 June 2007, ICICI Bank set the price band for its follow-on public issue. The price band for the issue has been fixed at Rs 885 to Rs 950 per equity share. Retail bidders would be allotted shares at a discount of Rs 50 per share to the issue price determined by the book-building process. The public issue opened for subscription yesterday, 19 June 2007. The issue size is Rs 8,750 crore. In addition, there is a green-shoe option under which the bank may allocate additional equity shares up to Rs 1,312.5 crore. The issue including the green-shoe option aggregates Rs 10,062.5 crore. Led by SBI and ICICI Bank, the BSE Bankex surged 2.71% at 7,681.51. Other shares from the banking pack, Bank of India (up 6.65% to Rs 204), Bank of Baroda (up 1.86% to Rs 265.10), Kotak Mahindra Bank (up 4.75% to Rs 589.95), Canara Bank (up 5.57% to Rs 252) and HDFC Bank (up 1% to Rs 1098.70) gained. Engineering & construction major L&T gained 3.52% to Rs 1995. The company’s joint venture won an order worth Rs 610 crore for a residential building project in Dubai. The project is to be completed in 660 days from the date of commencement. Auto stocks extended early gains. The BSE Auto Index settled 1.4% higher at 4,697.47. Tata Motors (up 2.86% to Rs 663.80), Bajaj Auto (up 2.10% to Rs 2125), Maruti Udyog (up 1.10% to Rs 752) and Hero Honda Motors (up 2.05% to Rs 667.10) advanced after the minister for petroleum and natural gas Murli Deora said yesterday, 18 June 2007, that that the government has no plan to hike the price of petrol or petroleum products. Recently, a senior oil ministry official said the government was likely to review retail prices of petrol and diesel in mid-July 2007 to bring them in line with the recent rise in global oil prices. Index heavyweight Reliance Industries (RIL) advanced 3.42% to Rs 1728.35, on 7.49 lakh shares. It rallied to a high of Rs 1731.90, in late trade. As per reports, global oil giants including Shell, Exxon and Chevron are eying a stake in Reliance Industries’ overseas oil & gas assets. RIL recently hived off these assets into a separate company, Reliance Exploration and Production DMCC. State run oil exploration major Oil & Natural Gas Corporation (ONGC) advanced 2.53% to Rs 912. It plans to set up 7.5 million-ton refinery as part of the proposed special economic zone at Kakinada, Andhra Pradesh state. The company unveils its Q4 March 2007 and FY 2007 results on 25 June 2007. Led by RIL and ONGC, the BSE Oil & Gas Index surged 2.9% to 7,645.59, and was the top performer among the sectoral indices on BSE. IT pivotals were off-loaded yesterday, 19 June 2007, as the Indian rupee climbed to a one-week high, with sentiment bolstered by a strong outlook for foreign investment flows, but suspected central bank intervention capped the rupee's gains. The BSE IT index slumped 1.61% to 4,861.28, and was the top loser among the sectoral indices on BSE. Infosys lost 1.55% to Rs 1958.10 on 3.31 lakh shares. It was the top loser from Sensex pack. Satyam Computers (down 1.50% to Rs 469.90), TCS (down 0.54% to Rs 1158.30) and Wipro (down 0.53% to Rs 520) were the other losers. In early trade, the rupee was at 40.715/725 per dollar moving up from Monday (18 June 2007)'s close of 40.7725/7825. It hit a nine-year high of 40.28 in late May 2007, but has since been broadly trading in a 41-40.50 band. Metal stocks caught up with the overall momentum. The BSE Metal Index rose 1.8% to 10,611.59. Tata Steel (up 3.40% to Rs 609), JSW Steel (up 3.72% to Rs 595.50) and Sail (up 2.93% to Rs 136.90), were the noteable gainers. Hindalco Industries lost 0.12% to Rs 161.90, after slipping to a low of Rs 159.15. It reduced aluminium prices for a fifth time this year to match global rates. Prices were cut by Rs 3,000 ($73), or 2.4%, to Rs 1,20,500 a metric tonne. Decolight Ceramics settled at Rs 44.50 on BSE, a discount of 17.5% over IPO price of Rs 54. The scrip debuted at Rs 57, and had touched a high of Rs 65.90 in early trades and thereafter touched a low of Rs 43.50. The counter saw high volumes of 1.58 crore shares on BSE. HTMT Global Solutions (HGSL) settled at Rs 583, compared with a base price of Rs 800 on its debut, 19 June 2007. The scrip resumed trading on BSE at Rs 790 (also its day’s high). It touched low of Rs 495 during the day. On BSE, 29.18 lakh shares were traded on the counter. As the stock is also included in the futures & options (F&0)segment on NSE, there is no daily price band for the scrip. The lot size of the stock in NSE's F&O market is 250. HGSL's debut on the bourses follows a restructuring scheme of Hinduja TMT (HTMT). Petron Engineering Construction surged 20% to Rs 227.15 after the company’s promoters agreed to sell their controlling stake in the company to Kazakhstan-based KazStroy Oil and Gas Construction Company. A newspaper report yesterday estimated a sale price of Rs 150 crore for the entire promoter holding of 63.45% in Petron. KazStroy builds cross-country pipelines, offshore terminals, power plants, chemical plants and other process plants. Sterlite Industries India rose 2.87% to Rs 560 on getting approval for listing of its initial public offering of 130.44 million its equity shares in the form of American Depositary Shares (ADS) at $13.44 each. These equity shares (in the form of ADS) represent an approximately 18.9% interest in the company post offering. The company's ADS have been approved for listing on the New York Stock Exchange under the symbol SLT. After this offering, the company will have approximately 689 million equity shares outstanding. Each ADS represents the right to receive one underlying equity share in the company. Jet Airways (India) rose 1.05% to Rs 793 after the company said its board will consider rights issue of equity shares to raise up to $400 million. The company's current equity is Rs 86.33 crore, with 8.63 crore outstanding shares of face value of Rs 10 each. TRF rose 1.98% to Rs 710, after touching a high of Rs 727.70. It bagged $16.5-million order from Shadeed Iron & Steel Oman for supplying material-handling system for a new steel plant in Oman. Dynamatic Technologies galloped 6% to Rs 1300 on acquiring the hydraulic business division of UK-based Sauer Danfoss for total consideration of $10 million. The buyout has been effected through the company's wholly owned subsidiary, Dynamatic UK. The acquired unit generates business worth $25 million annually, and is profitable. ABG Shipyard fell 3.6% to Rs 400 after its net profit rose by a marginal 6.69% to Rs 32.99 crore in Q4 March 2007 (Rs 30.92 crore). Sales rose 0.15% to Rs 193.07 crore in Q4 March 2007 (Rs 192.78 crore). Meanwhile, as per media reports, the shipping firm plans to enter oil-rig construction with an investment of Rs 600 crore to tap replacement opportunities in the offshore energy sector. Japanese shares were trading slightly lower yesterday on overnight cues from Wall Street, with banking shares such as Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group slipping, but exporters such as Canon Inc. and Sony Corp. gained as the yen continued to weaken against the US dollar. Japan's Nikkei was up 0.08% to 18,163.61. Other Asian markets were steady. South Korea's Seoul Composite was up 0.05% to 1,807.85 whereas Singapore's Straits Times index was up 0.04% to 3,625.28. Hang Seng (up 2.69% to 21,582.89) and Shanghai Composite (up 0.38% to 4,269.52) also edged higher. European markets which had opened higher, pared gains. Wall Street edged lower on Monday, 18 June 2007, after three consecutive days of solid gains as investors watched Treasury bond yields fluctuate amid lingering questions about inflation. The Dow Jones fell 26.50 points, or 0.19%, to 13,612.98. Broader stock indicators were also slightly lower. The Standard & Poor's 500 index fell 1.86 points, or 0.12%, to 1,531.05, and the Nasdaq Composite index slipped marginally by 0.11 point, or less than 0.01%, to 2,626.60. Crude oil was little changed in New York after rising to a nine-month high on 18 June 2007, as attacks on pumping stations in Nigeria raised concern output from Africa's biggest oil producer may extend declines. Crude oil for July delivery was at $68.95 a barrel, down 14 cents, in after-hours electronic trading on the New York Mercantile Exchange in Singapore , 18 June 2007. [With inputs from the Internet]

Sensex breezes past the 14,000 mark, tracking firm Asian markets: 6 people are believed to be dead in Nashik factory explosion of Premier Explosives Ltd. This will not have too much effect on the company's fundamentals as everything is rumoured to be insured also the last quarter EPS will be around Rs.5-6, which will take the overall to around R.8 to Rs.9. It might give some temporary negative effect on the stock, which could be pulled down a bit in the short term.Further inputs are awaited, from the sources, close to me. Premier Explosive Ltd has a number of factories both in India and abroad, which have huge Real Estate values. Also the following quarters will be good due to sale proceeds of the mushroom division entering the balance sheet of the company: Keep adding Southern Online Bio Technologies Ltd on all declines as the downslide is limited: FCS Software Ltd is doing well today, keep holding:

At least six people were killed and six others were critically injured in a blast at an explosives factory at a village near Nashik early on Saturday. The blast occurred at around 0315 hours (IST) and a three-storeyed building collapsed under the impact of the blast, police said. At least 18 other people are believed to have been trapped in the debris, police sources said. The explosives factory, called Premier Explo, at Harsule village was involved in gelatin production, they said. At least 17 to 20 workers were working in the factory when the incident took place, police said. Senior officials have rushed to the spot and rescue work was in progress. Two of the injured workers were admitted to a hospital in Nashik. The bodies of the victims will be brought to Nashik Civil Hospital for post-mortem later on Saturday. Meanwhile, the BSE Sensex opened firm, as buying continued for index pivotals, especially for Reliance Industries (RIL) on the first day of the week. The benchmark Sensex has attained the 14,000 mark with firm Asian markets providing the initial momentum. At 10:09 IST the BSE Sensex was up 105.46 points, at 14,042.83. It opened with an upward gap, at 14,044.71, and advanced to a high of 14,067.07. Its low for the day is at 14,017.42. The total turnover on BSE amounted to Rs 401 crore. The market-breadth was strong on BSE, with 1,114 shares advancing as compared to 309 that declined. Among the 30-Sensex pack, 25 advanced while the rest declined. Ranbaxy laboratories was the top-gainer, up 2.37% to Rs 391, on a volume of 44,166 shares. Index heavyweight Reliance Industries (RIL) advanced 1.82% to Rs 1613, as 1.51 lakh shares changed hands on BSE. L&T (up 1.30%), SBI (up 1.26%), and Bhel (up 1.03%), were among the other gainers. Satyam Computers on the other hand was the top-loser, down 1.10% to Rs 465.40, on a volume of 29,926 shares. Infosys Technologies (down 0.75%), Dr Reddy’s (down 0.74%), and ONGC (down 0.80%), were the other prominent losers. Mercator lines surged nearly 4% to Rs 44.70, after the company said on Saturday it would invest about Rs 1000 crore to buy four dry bulk vessels through its Singapore unit. The vessels, expected to be delivered by July, would take Mercator's consolidated fleet to 27 vessels with a capacity of about 2.45 million tonnes, Mercator Lines informed. Foreign funds resumed buying on Thursday (3 May) after they had turned sellers in two trading sessions, on 27 April and 30 April. FIIs were net buyers to the tune of Rs 56.20 crore on 3 May 2007, as compared to their outflow of Rs 304.60 crore on 30 April 2007. The market was closed on 1 May 2007 and 2 May 2007, on account of public holidays. The net inflow from FIIs of Rs 56.20 crore on 3 May 2007, was a result of gross purchases worth Rs 2753.50 crore and gross sales to the tune of Rs 2697.30 crore. But provisional data showed that foreign funds had turned sellers again on Friday (4 May), the day when the Sensex lost 144 points, led by a fall in index heavyweight Reliance Industries (RIL). FIIs were net sellers to the tune of Rs 131 crore on Friday. Domestic institutional investors were net buyers to the tune of Rs 299.10 crore on Friday. The two key events to watch out for this week, are the outcome of elections in Uttar Pradesh (UP) and the outcome of US Federal Reserve’s meeting on Wednesday (9 May). The seventh and final phase of polls in Uttar Pradesh is scheduled for on Tuesday (May 8) and counting of votes is due on 11 May 2007, with results expected the same day. The UP vote is seen as a barometer of national political trends. Asia-Pacific stocks rose on Monday, with Australian and South Korean shares scaling fresh peaks, as investor sentiment got a lift from gains on Wall Street that pushed the blue-chip Dow to its fourth straight record close. Key benchmark indices in Australia, China, Hong Kong, Japan, Singapore, South Korea, and Taiwan were up 0.5 - 2.1%. US stocks climbed on Friday, lifted by talk of potential takeovers and after the influential non-farm payrolls data showed the world's biggest economy posted its slimmest gain in jobs in more than two years for April, helping ease inflation concerns. Dow rose 23.24 points (0.18%), to a record close of 13,264.62. The tech-laden Nasdaq Composite Index added 6.69 points (0.26%), to end at 2,572.15. The main focus for the week will be the outcome of the US Federal Reserve meeting on Wednesday and, while no one expects a rate move, investors are keenly awaiting the central bank's latest assessment of the world's biggest economy. Brent crude for June delivery fell 22 cents to $65.09 a barrel, as rising US crude stocks alleviated fears of a shortfall in the world's top energy consumer ahead of the peak summer driving season. [With Inputs from the Internet]

Concentrate on Small and Mid cap counters: The Oveall Markets looks strong for the days ahead as large FII-inflows are expected to continue:

[Updated at 1615 hours,with the latest, from the Markets]

The markets are expected to move in sideways directions for some more time and hence it will be prudent if one concentrates his attention to those stocks which are undervalued at the current price and which are expected to declare good results or which have a great future ahead, even if they have declared bad resultss. Also, one can focus on stocks which posted good results and have not moved till date. I have already recommended some of those stocks:

1.Premier Explosives Ltd

2. Southern Online Bio Technologies Ltd

3.Sanjivani Parenterals Ltd

4. KEI Industries Ltd

5. Agro Dutch Industries Ltd

6. Noida Toll Bridge Ltd

8. Sanguine Media Ltd at Rs.27 and Rs.34.................I will be recommending some more good stocks in future in small and mid cap areana, as this space has not moved at all even as the Sensex and Nifty touched new highs!!!

Today's latest Market Update: Liquidity concerns pull pivotals lower as the market breath continued to remain weak:KEI Industries Ltd continues it upward journey:Vamshi Rubber Ltd closes, with compartively good volume: Southen Online Bio Technologies Ltd and Premier Explosives Ltd consolidates around the current price as the results' date for both the companies approaches near:The market shouild remain in the sideways mood for some more time: The market was facing intense selling pressure ever since it opened on a bearish note, as profit booking continued at higher levels for the second straight day following a late sell-off of 92 points yesterday, Wednesday, 23 May 2007. Global cues are not very encouraging either. The Asian markets were trading weak, while all the European market declined. The Hang Seng index lost 0.22% while the Nikkei 225 index slipped 0.05%. The Shanghai Composite lost 0.54%. At 14:22 IST, the BSE 30-share Sensex was down 81.42 points to 14,281.84. It opened slightly lower at 14,344.70 and kept on hitting fresh intra-day low as fresh selling is emerging at every small rise, with the latest low being 14,233.03. Its high so far is 14,389.66 The market, was going great guns in the past five trading sessions (from 16 –22 May), took a breather on 23 May 2007, as anxious bulls started liquidating positions in the last hour of trade on the benchmark Sensex's inability to hit a new all-time high. The 30-share Sensex had rallied a sharp 525 points, or 3.75%, from 13,929.33 on 15 May 2007 to 14,453.72 on 22 May 2007. The market is worried about big IPO’s lined up for the month of June onwards. It is believed to be the highest ever capital mobilisation. They opine a lot of liquidity to be sucked-off the secondary markets to make good for primary markets. Although the exact size and date of the initial public offering (IPO) of DLF and the follow-on issue of ICICI Bank are yet to be announced, marketmen expect these offers will compete head to head for investors’ fund of over Rs 24,000 crore next month. Real estate major DLF, which took four months to receive market regulator Sebi’s clearance for its public issue, is expected to hit the market by the end of June with an over Rs 13,000 crore issue. The country’s second largest bank, ICICI Bank, has sought approval from Sebi to sell Rs 17,500 crore of shares to local and overseas investors. The bank has set a target of launching the issue in June. The offer may be raised to Rs 20,100 crore depending on demand, the sale document said. The total turnover on BSE amounted to Rs 3,211 crore, which was muted as compared to Rs 2,703 crore by 13:30 IST. The market breadth, which reflects the overall health of the market, stayed weak as selling continued in small- and mid-cap stocks. On BSE, 1,480 shares declined compared to 1015 that advanced, while 89 remained unchanged. At 10:30 IST, the breadth was positive with 878 shares advancing as compared to 734 that declined. Among the Sensex pack, 23 declined while the rest advanced. Tata Steel was the top loser, down 3.84% to Rs 633.60 on 10.37 lakh shares. It also touched a low of Rs 630.15 in intra-day trade. RBI today (24 May 2007) stopped the purchase of Tata Steel shares by foreign institutional investors (FII) as the foreign investment in the world's sixth largest steel maker reached the permissible limit of 22%. Increasing interest of foreign investors in Tata Steel, following acquisition of Anglo-Dutch steel maker Corus, had pushed up the FII stake in the company by more than 4% in the last one-and-half month. The FII interest has continued to increase in the steel giant, though large number of retail investors exited the company following the dip in share prices of Tata Steel after the acquisition of Corus. According to data available on the Bombay Stock Exchange, the FII stake in the company was 17.24% end March 2007. Telecom pivotals Reliance Communications (RCom) and Bharti Airtel declined for the second straight day following massive cut in tariff, which may impact their profitability. RCom slashed roaming tariffs for outgoing calls by upto 70% to Rs 0.40 per minute on select plans. As a result, the stock suffered a loss of 2.76% to Rs 496.40. The RCom counter saw high volumes of 15.23 lakh shares changing hands on BSE Bharti Airtel also declined 0.93% to Rs 841.30 on reports that it would also announce price cuts within the next couple of days. On BSE, 1.82 lakh shares were traded in the counter. Shares from the banking and financial space saw profit booking after seeing a steady rally for the past few sessions. SBI (down 1.46% to Rs 1286.75), HDFC Bank (down 2% to Rs 1090) and HDFC (down 1.46% to Rs 1775) declined. However ICICI Bank held firm and was up 0.26% to Rs 917, after market speculation that the Reserve Bank of India (RBI) will allow Temasek and Government of Singapore Investment Corporation (GIC) to acquire 10% equity each in the country’s largest private sector lender ICICI Bank as a “one-off case”. State run power generation major NTPC was the top gainer, up 2.70% to Rs 159.85 on 10.57 lakh shares. It is planning a foray into wind power with an investment of over Rs 12000 crore, reports said. The company will have wind energy projects with a total capacity of 200-250 MW. Besides this, the state-run company is working on hydroelectric projects and a few biomass plants. The company is also said to be working with Asian Development Bank, and is planning to rope in a private partner for the new venture. FMCG major Hindustan UniLever (HUL) advanced 1.62% to Rs 201.65 on 4.11 lakh shares. Mumbai-based Temptation Foods (TFL), a frozen food marketer, is understood to be inking a deal with HUL to acquire its marine product business division for around Rs 100-120 crore. The deal would also include transfer of the people managing the marine business in HUL to TFL. HUL’s marine division exports products like crabsticks, shrimps and fish fillets among others. The company had earlier short-listed four bidders for the sale After staying weak for the past few weeks, IT pivotals bounced back and outperformed the market as the rupee traded in a tight range, just off a nine-year high, on Thursday, 24 May 2007, reined in by dealers wary of provoking the Reserve Bank of India (RBI) after it was suspected of intervening to block the currency's gains this week. At 9:45 a.m, the partially convertible rupee was at 40.56/57 per dollar, largely steady with Wednesday's closing 40.550/565 and just off Monday's (21 May 2007) peak of 40.50 -- its highest since May 1998. The market is expecting $4 billion to $5 billion of foreign money to flow into Indian IPOs and equities by the end of June, which should add to the rupee's strength. The RBI bought $2.3 billion in March 2007 in a bid to stem the rupee's rise. While intervention seemed have to have been less aggressive since mid-March, the central bank has been active this week, specially as the rupee approached 40.50. The rupee was also came under pressure after oil rose above $70 today on worries over Iran's nuclear dispute with the West and thin gasoline stockpiles in the United States ahead of peak summer demand. Infosys (up 0.82% to Rs 1942), Satyam Computers (up 1.05% to Rs 457) advanced. A rise in the rupee directly impacts revenue and profit of IT firms, which derive a lion’s share of revenue from exports to the US. Sterlite group zinc producer Hindustan Zinc rose 0.25% to Rs 668 after it raised lead prices by 2.1%, or Rs 2,000 to Rs 96,600 rupees ($2,379) per tonne, effective immediately. The company, however kept zinc prices unchanged at Rs 177,900 a tonne. Technically, the Sensex has strong support at 14,000 level and on the upside faces a stiff resistance at 14,600 level. Similarly, the Nifty has support of 4,180 on the downside, while on the upside there is a near term resistance at 4,300. The annual monsoon is predicted to strike the Kerala coast Sunday, 27 May 2007, four days ahead of its normally scheduled date of arrival on 1 June 2007. From Kerala the monsoon travels upwards to the parched central Indian plans and is expected to bring rains to New Delhi by the end of June. US indices slipped on Wednesday, 23 May 2007,giving back earlier gains as investors showed some caution after the Dow industrials and S&P 500 index briefly touched record territory. While the Dow Jones shed 14 points at 13,526, the Nasdaq Composite was down 11 points to close at 2,577. Oil prices inched higher after a U.S. government report showed gasoline stocks rose unexpectedly, but still not enough to dispel supply fears at the kick-off of the summer driving season. Light, sweet crude for July delivery rose 26 cents to settle at $65.77 a barrel on the New York Mercantile Exchange. Brent crude for July delivery climbed $1.08 to settle at $70.60 a barrel on the ICE Futures exchange in London, while gasoline futures slid 0.41 cent to $2.3104 a gallon. Gold inched up in thin trade on Thursday, while Tokyo futures hardly moved ahead of the release of U.S. data, which should offer new leads to the dollar and precious metals. Spot gold edged up to $661.70/662.20 an ounce from $660.60/662.10 late in New York on Wednesday. The key April 2008 gold futures contract on the Tokyo Commodity Exchange was unchanged at 2,611 yen a gram despite gains in New York's COMEX market. Silver inched up to $13.05/13.08 an ounce from $12.99/13.03 an ounce on Wednesday.[With Inputs from the Internet]

Best wishes,

Suman Mukherjee

India.

www.sumanspeaksplus.blogspot.com

www.eindiabrokers.com

www.bcozindia.com ( Bcozmoney to be precise).

There is no stopping of Kohinoor Broadcasting Corporation Ltd, Ennore Coke Ltd, Premier Explosives Ltd, Aks Optifibre Ltd (Latest Quickie Call), IFB Agro Industries Ltd (Latest Quickie Calls), K Sera Sera Productions Ltd, Ansal Buildwell (third consecutive Freezes), Orbit Corporation Ltd, Premier Explosives Ltd etc. Soon these Good Effects will Spill Over to my other Recommended Counters like Southern Online Bio Technologies Ltd, Tantia Constructions Ltd, H S India Ltd, Relaxo Footwear Ltd etc: Yesterday when I wrote in this blog after the Sensex fell by more than 300 points in the afternoon trade, that I do not see much "Selling Happening in the Large Caps", many Investors/Pundits who proliferate TV Channels these days, discarded it as a "Potential April Fool Joke"--but the things started to change just after my writing appeared on this blog, as the Shorts started to get covered with "Green" European Markets further bolstering my point of Bullishness and most of the bears were pushed out of the Ring; the result is before your eyes--from more than 300 points down on the Sensex, it closed flat. That is why I say do not invest in the Equity Market for the Short Term just taking Graphical Perspective into consideration, without understanding the real situation at play during that point of time. These Graph Analysts Ltd, must have learnt a lesson Yesterday: I think everyone knows how the markets will behave today???!!!

Some of My Recommended multi-baggers:

Name of the Company-----------------Recommended Price----------Highest Price Reached

1. Phoenix International Ltd-------->Rs.16.5 & Rs.19--------->Rs.65.7

2. Essar Shipping Ltd ---------------->Rs.25---------------------> Rs.252.05

3. Tilaknagar Industries Ltd ------->Rs.44 and Rs.51------->Rs.317

4. Sunflag Iron & Steel Ltd--------->Rs.12 and Rs.14.5---->Rs.50.85

5. Tips Industries Ltd-------------->Rs.24-------------------> Rs.142

6. Monnet Ispat Ltd---------------->Rs.192 and Rs.139--->Rs.710

7. Ganesh Forgings Ltd------------>Rs.39 ------------------>Rs.135

8. Rolta Ltd-------------------------->Rs.139 ----------------->Rs.780

9. Gravity India Ltd---------------->Rs.5.25-----------------> Rs.14.49

10. Sujana Metal Products Ltd--->Rs.17------------------> Rs.154.8

11. English Indian Clays Ltd ------>Rs.350----------------->Rs.2000 (in 15 days)

12. Flat Products Equipments Ltd--->Rs.94 and Rs.121---->Rs.563.1

and So On...................there are so many mind-boggling muti-baggers to be purchased now. It is to be noted that multi-baggers remains hidden in the huge lot of shares that are listed in the exchange. Like no one knew that SAIL will become Rs.292 from Rs.5, Ispat Industries Ltd will become Rs.87 from Re.1, Bharti Airtel will become Rs.1149 from Rs.24, Lupin will become Rs.755 from Rs.9, Mercator lines will become Rs.800 (When it had Rs.10 face value) from Rs.27 (Rs.10 face value) etc. Good investors finds or invests at least one multi-bagger in a year, which dwarfs all the losses he made during the year--herein lies the Trick of Equity Investing.

BUT FOOLS AND SPECIALLY THOSE INVESTORS WHO THINK THEY KNOW/HAVE KNOWN TOO MUCH/EVERYTHING ABOUT THE INDIAN BOURSES/STOCK MARKETS, JUST AFTER STEPPING INTO IT, ALWAYS LOSE MONEY.

I have SEEN lot of these special types of Morons in my life and to be honest the one of Latest of these recuits in my GREATER FOOLS LIST, stays near Barrabaazar (Kolkata but he is not a Bengali) and who calls himself to be a Great Techie but is out of Job for a long time---no one to recruit him as he has so Great an image. He is such a big Techie (IT---expert) that to invest mere Rs.1 lacs in the stock markets he had to take a Personal Loan.

His earlier recruit in my Great Fools List was also from Kolkata and calls himself to be a great a Doctor in a Reputed Hospital in Bombay. Like most of these Greater Fools he also talks big without result in majority of the cases .......Like most of the Greater Fools, these animals also think that making money from the markets is SO EASY that it is like going to a shop and buy some vegetables for their family. These Morons many times link the Performance of Companies with thier share price--which is utterly false. Share price of a Company and its performance on the BALANCE SHEET many times do not tally due to the involvement of so many parameters---may be people do not like the story, like it happened last time in Sujana Universal Ltd, Albert David Ltd etc.

Anyway, this time also I am damm accurate about the Sensex rebounding back from PIT. Yesterday, also I was correct when I said the markets will turn back---at that time Sensex were down 333 points, but closed flat. U CAN SEE THAT IN MY EALIER POSTING YESTERDAY.

So what will be the markets for the days ahead and which stocks to puchased, averaged and which of my recommended counters will be potential multi-baggers in the days to come?? Which sectors will be puchased and which will be The Next Sectors for tomorrow!!! All these to the Paid Members.

It is heartening to note that my Paid Service will be completing One Full Year within a couple of months---most of the members of the Paid Group are understanding and knowledgeable. The Members has got (and is getting) daily morning mails (and Sometimes Mid-market check mails) during those/these turbulent days in the markets.

I have made arrangements for some Limited Seats for the Portfolio Management Services for High Networth Individuals (both Indian and Overseas)/ Investors ONLY FOR THE TIME BEING, after Repeated Request came from them. Those who want to join should do it within the next 10---15 days or before the quota exhausts out (or Finishes)---and remember only High Networth Individuals (both Indian and Overseas).

THUS FOR THE MOMENT PORTFOLIO MANAGEMENT SERVICE IS OPEN ONLY TO A SELECT FEW HNI-INVESTORS (BOTH INDIAN AND OVERSEAS) AND I AM NOT ABLE TO ACCOMODATE GENERAL INVESTORS FOR THE TIME BEING.

WINNING STROKES:

Premier Explosives Ltd hit the buyer freeze (www.sumanspeaksplus.blogspot.com) after the company came out with spectacular results in Q4FY08. I had mentioned about some good news coming from the last few weeks and u must have seen what is the good news. You should buy a scrip when I tell you to buy or else you will miss the bus, like it happened in Premier Explosives Ltd or Southern Online Bio Technologies Ltd. The company is expected to come out with some more good news in the next 45 days. Its overseas subsidiaries are performing excellently well also it has retired a part of the debt through the money it obtained by selling the Mushroom Division last year: The latest Sunday Report Call Bambino Agro Industries Ltd (BSE Code--519295) hit the second consecutive buyer freeze; while the Quickie Call, Sandur Manganese and Iron Ores Ltd hit second consecutive buyer freeze: Southern Online Bio Technologies Ltd hit the buyer freeze on the news of the Government thinking of raising the price of Diesel and also due to the fact the company is expected to get Carbon Credits. The renewable energy companies these days are getting good valuations as Entegra Ltd hit the buyer freeze today also, before cooling down a bit later: Ennore Coke Ltd closed flat today after it rose in the early hours of the trade. The Company as mentioned earlier is starting the heating of the plant, from 1st June, 2008. The company will now import 30% of its produce from outside India, the rest it will collect from the domestic sources. Just go on adding this scrip if you want some quick bucks: Rohit Ferro Tech Ltd (recommended at around Rs.39 to the Paid Groups in the Sunday report) become more than 4 times in less than 12 months. This is called multi-bagger...!!!:BF Utilities Ltd hit another buyer freeze: Besides, my earlier recommended Indsil Electrosmelts Ltd, IFB Agro Industries Ltd, Kamanwala Housing Construction Ltd (U have to book some profits), Carnation Nutra Analogue Foods Ltd, Indag Rubber Ltd etc. did well: That is why I said you need to know where to average and where not and a constant updates on a company's fundamentals. I have always maintained that I do not give tips in the Paid Groups but it is a package as how to excell in the market accompanied by recommendations: Anyway, my grandmonther who was 97 years old expired today and hence the activities of the Yahoo Group(Both Free and Paid) and the Blogs could be affected:

Weakness in the second half of the trading session dragged the market lower today. The market sentiment was hit by reports which trickled in the market in afternoon trade that one of the options that the government may consider to bail out oil firms which are bleeding due to a surge in crude oil prices, was levying of a cess or surcharge on income tax and corporate tax. Banking stocks were the worst sufferers in today's fall. State Bank of India slumped. Information technology stocks held firm. Asian markets edged higher today, 27 May 2008, as bargain hunters scoured the market after five days of losses. Key indices in China, Japan, Hong Kong, Taiwan, South Korea and Singapore were up by 0.39% to 1.48%. But European markets, which opened after Indian market, were mostly in the red. Key indices in France and Germany were down 0.42% to 0.53%. UK's FTSE 100 was up 0.11%. US markets were closed on Monday, 26 May 2008, for Memorial Day holiday. The 30-share BSE Sensex fell 72.91 points or 0.45% at 16,275.59. The Sensex lost 110.58 at the day’s low of 16,237.92, hit in the mid-afternoon trade. The market opened on an upbeat note tracking firm Asian stocks. Sensex climbed 157.85 points at day's high of 16,506.35, hit in early trade The broader based S&P CNX Nifty was down 15.25 points or 0.31% at 4859.80. Nifty May 2008 futures were at 4851.90, a discount of 7.9 points against the spot closing. The NSE's futures & options (F&O) segment turnover was at Rs 49,968.5 crore, higher than Rs 44103.52 crore on Monday, 26 May 2008. BSE clocked a turnover of Rs 5074 crore in the cash segment as against Rs 4,426.96 on Monday, 26 May 2008. As per provisional data, foreign funds sold shares worth a net Rs 496.61 crore today. Domestic funds bought shares worth a net Rs 529.69 crore. The market breadth, which was firmly positive earlier in the day, turned negative as the session proceeded, with 922 shares advancing on BSE as compared to 1760 stocks that declined. 81 stocks remained unchanged. The BSE Mid-Cap index fell 1.21% to 6,678.91 and BSE Small-Cap index lost 1.30% to 8,210.08. Both the indices underperformed the Sensex. Major Sensex losers were, Housing Development Finance Corporation (down 2.08% at Rs 2519.75), ONGC (down 1.34% at Rs 884.35), HDFC Bank (down 1.20% at Rs 1331.30) and DLF (down 0.80% at Rs 596.45). Major Sensex gainers were, Cipla (up 3.04% at Rs 205.05), ITC (up 1.65% at Rs 209.10), Ambuja Cements (up 0.98% at Rs 97.60), NTPC (up 0.97% at Rs 177.40) and Reliance Infrastructure (up 0.86% at Rs 1259.30). India's second largest listed telecom services provider by sales Reliance Communication (RCom) rose 1.57% at Rs 551.75 on reports the proposed deal between Reliance Communications and South Africa's MTN Group may involve an open offer by the South African telecom firm to the shareholders of Reliance Communications. The deal may result in a transfer of Anil Ambani's two-third equity stake in Reliance Communications to MTN shareholders, the reports added. The RCom stock had tumbled 5.08% to Rs 543.20 on Monday, 26 May 2008, after the company said it was in merger talks with MTN. India’s largest private sector firm by market capitalization & oil refiner Reliance Industries fell 1.25% at Rs 2493.20. The BSE Bankex underperformed the Sensex, falling 2.33% at 7,754.64. Oriental Bank of Commerce (down 5.69% at Rs 183.20), Bank of India (down 4.90% at Rs 304.50), Bank of Baroda (down 4.80% at Rs 261.75) and Axis Bank (down 2.96% at Rs 740.40), dropped. India’s largest commercial bank State Bank of India slumped 4.19% at Rs 1473.30, on concerns the bank’s surprise hike of 25-50 basis points in deposit rates could put pressure on its operating profit margin in the short term. In an announcement made after market hours yesterday, 26 May 2008, State Bank of India said that two to three year term deposit rate will be raised to 8.75% from 8.5%, and five to ten year deposits would fetch 9% from 8.5%, effective from 1 June 2008. The hike in deposit rates is aimed at attracting more funds to meet aggressive growth targets India’s largest private sector bank by assets ICICI Bank declined 1.71% at Rs 812.55. The BSE IT index outperformed the Sensex, gaining 0.73% at 4,450.40. Satyam Computer (up 3.29% at Rs 499), Wipro (up 2.71% at Rs 491.60), HCL Technologies (up 1.08% at Rs 299.05), TCS (up 0.81% at Rs 966.60), rose. However, India's second largest software exporter by sales Infosys Technologies fell 0.42% at 1878.55. Among the mid-caps, Jyoti Structures (down 6.90% at Rs 132.15), BGR Energy (down 6.89% at Rs 379.80), Brigade Enterprise (down 6.88% at Rs 191.45), and Elecon Engineering Company (down 6.70% at Rs 125.40), slipped. Among the small-caps, Confidence Petroleum (down 10% at Rs 17.65), Kirloskar Pneumatic Company (down 7.34% at Rs 394), Elantas Beck (down 6.97% at Rs 263.05), Emkay Share And Stock Brokers (down 6.89% at Rs 125) and Eicher Motors (down 6.79% at Rs 358.20), tumbled. Bajaj Finserve clocked the highest turnover of Rs 208.92 crore on BSE. Reliance Capital (Rs 195.04 crore), Reliance Industries (Rs 159.70 crore), Aishwarya Telecom (Rs 150.44 crore) and Reliance Power (Rs 143.90 crore), were the other turnover toppers on BSE in that order. Chambal Fertilisers and Chemicals registered the highest volume of 1.67 crore shares on BSE. IFCI (1.45 crore shares), Aishwarya Telecom (1.41 crore shares), Ispat Industries (1.36 crore shares) and Reliance Natural Resources (1.16 crore shares), were the other volume toppers on BSE in that order. Cooking appliances maker Hawkins Cookers jumped 8.85% to Rs 183.95 after the company’s board of directors recommended a liberal dividend of Rs 10 per share in a board meeting held on Monday, 26 May 2008. Sandur Manganese and Iron Ores was locked at upper limit of 5% at Rs 1185.65 on sustained buying after the company’s management guided a whopping 10-fold jump in net profit for the year ending March 2009, on 13 May 2008. Automobile batteries maker Amara Raja Batteries jumped 0.90% at Rs 191 on reports the founders of the company have decided to form a holding corporation that will take under its wing five group companies and the newly formed Amara Raja Infra. IT firm HTMT Global Solutions soared 0.11% to Rs 360 on reports the firm is planning to acquire a mortgage-specific company in the UK. The business process outsourcing (BPO) and IT services provider may invest more than $150 million for the buyout. HTMT has internal accruals of $110 million which will be used for the acquisition, the reports added. Engineering firm Kirloskar Electric Company spurted 2.37% at Rs 188.05 on reports the firm has mounted a bid to acquire Germany's Lloyd Dynamowerke based on an estimated enterprise valuation of about $100 million. Food products supplier Sita Shree Food Products advanced 2.25% to Rs 43.25 after the company said it had received orders from Reliance Fresh for 400 metric tonnes of wheat flour and pulses, higher from its previous order for 160 metric tonnes. Industrial equipment maker Thermax jumped 1.92% to Rs 438.30 after the company said its boiler & heater business unit has received an export order worth 14.2 million euro for supply of heat recovery steam generator to an oil company in Europe. Bhuwalka Steel Industries, which manufactures steel billets, gained 2.22% to Rs 83 after the company said it expects revenue of Rs 125 crore and rental income of Rs 12 crore a year, from redevelopment of a mill property in Bangalore.

WINNING STROKES:THINK DIFFERENT:

Energy Development Ltd hit the 7th consecutive buyer freeze, after being recommended at around Rs. 105: My yesterday morning call Lok Housing & Constructions Ltd hit the buyer freeze in a rather volatile trade. Where will the stock go from here according to market sources?? In a similar way BF Utilities Ltd & NEPC India Ltd hit the buyer freeze: A sell call on BSEL Infrastructure Ltd saw it going down all down: Besides, my earlier recommended, IFB Agro Industries Ltd, Ritesh Properties Ltd etc. did well yesterday: What is the lastest on Ennore Coke Ltd?? Why should investors buy Premier Explosives Ltd or/and BNK Capital Markets Ltd in a more aggressive way?? Will Premier Explosives Ltd benefit from the Indo-US nuclear co-operation?? What is the latest on the company??

Oil prices briefly spiked to a new record above $147 a barrel Friday, as rising hostilities between the West and Iran and unrest in Nigeria sent investors rushing back to energy markets. But this war drama which was scripted by Israel, Iran and the US long back, is helping both the Iran and the US in two different ways. While, Iran is raking in huge mullah from selling of Crude Oil, a weak US dollar is helping the United States in the fiscal deficit front. So I think through this war drama, both the US and Iran was able to fool the world masses using Israel as the pawn. We all know that in this precarious condition of the world economy, UN will strictly not support any move to go on war against Iran, so is it not all these drama to help both Iran and the US. When Saddam Hussain could not defend the US with such a huge arsenal of war-heads and its fierce army (which was touted to have links with Al-Quaida), it is just foolish to think that Iran will be able to defend itself with the quality of rockets which could best be utilised during "Deewali Festival" of India. I think now the time has come for the Crude to noise-dive to below $120 per barrel, as we are approaching towards the end of Summer Driving Season in the US and the Indian/Chinese Economies are slowing down. It is to be noted that some of the major Asian Economies have already reduced subsidies on Crude Oil, restricting its rampant (mis)--use. However, there are strong rumours that Nymex could further increase the margin for the Crude Oil on Monday, to discourage speculators: The encouragement of the Non-conventional Energy is also reducing the demand for Crude Oil world-wide. Recently the government of India came out with the bio-diesel policy which will usher in a new era for the Indian Bio-diesel companies like Southern Online Bio Technologies Ltd or IKF Technologies Ltd:

Anyway, should we average Kohinoor Broadcasting Corporation or Exit the counter booking losses?? What is the latest on a Reliance Group Company which was recommended yesterday to the Paid Groups, as a Multibagger?? Should we start buying in a aggressive manner Mukesh Ambani Group Companies?? Which Tractor Company is expected to do well going forward?? How will the markets behave from here??

MarketWatchU.S. stocks battered again after brief rally loses

NEW YORK -- U.S. stocks on Friday lapsed back into the cellar after a late-day rally that followed reports that Federal Reserve Chairman Ben Bernanke offered the central bank's discount window to battered mortgage lenders Fannie Mae and Freddie Mac.

"The biggest culprits are bouncing off their lows. It amounts to throwing a deck chair off the Titanic obviously," said Art Hogan, chief market strategist at Jefferies & Co.

Of reports that Bernanke had offered use of the discount window to the government-sponsored entities, Hogan said"that would be the logical follow-through to (Treasury Secretary Hank) Paulson saying we're going to give them access to capital. But they still have a trillion dollars of exposure to mortgages they guaranteed."

Off its earlier lows that had the Dow Jones Industrial Average dropping below the 11,000 level for the first time in nearly two years, the blue-chip index was recently off 154.37 points at 11,074.65.

All but five of the Dow's 30 components succumbed, with Chevron Corp. fronting the declines, off 4.3%.

Investors were also leery about the ailing financial sector with second-quarter results on tap next week from big institutions including Merrill Lynch & Co. and J.P. Morgan Chase & Co.

Shares of General Electric Co. tilted slightly higher after the conglomerate affirmed its 2008 outlook and reported results that met forecasts. The Dow component also said that it would sell its Japanese consumer-lending unit for $5.4 billion.

"GE got us ready for what we're going to be listening to: in-line number, lackluster guidance. Other than with financials next week, we get no guidance and have no idea where we're going," said Hogan.

General Motors Corp. led the minority gains among the blue chips, with the shares of the automaker up 2.2%.

The S&P 500 Index dropped 14.64 points, or 1.2%, to 1,238.75 with all 10 of the index's industry groups falling, led by financials, down 4.3%.

The Nasdaq Composite skidded 27.46 points, or 1.2%, to 2,230.39.

Volume on the New York Stock Exchange topped 1 billion, and decliners topped advancers nearly 3 to 1. On the Nasdaq, 642 million shares traded, and decliners outpaced advancers nearly 2 to 1.

Fault lines: In a short statement early Friday, Treasury Secretary Hank Paulson said that the government was committed to supporting Fannie and Freddie in "their current form."

Fannie Mae and Freddie Mac the biggest buyers of U.S. home loans, both tumbled at the start and remained down in the wake of Paulson's comments. The mortgage giants' shares were recently down more than 25%, with investors holding the view that U.S. taxpayers would foot the bill for any rescue.

The spiking price of crude also weighed, with tensions between Iran and the West and worries about supply sending futures to an all-time high above $147 a barrel in electronic trade on Globex. On the New York Mercantile Exchange, crude closed up $3.43, at $145.08.

"The only friendly thing I can find to say is InBev is raising its bid for Anheuser-Busch Cos," said Hogan of reports that the Budweiser brewer is in talks to be acquired by the Belgian firm.

"Will they change the name of the stadium in St. Louis to Stella?" he quipped. Also pressuring the equities market was Labor Department data earlier that showed the price of goods imported into the country climbing more than expected in June, as soaring fuel costs and a drop in the dollar combined to drive up the cost of non-U.S.-made products. In a separate report, the Commerce Department said that the nation's trade gap narrowed, with U.S. exports increasing at a more rapid pace than imports during May.

Overseas, Asia markets traded mixed, with the Nikkei 225 Average registering a slight loss in Tokyo but the Hang Seng benchmark advancing 1.7% in Hong Kong.

On Thursday, U.S. stocks closed higher with concerns about the viability of Fannie and Freddie offset by a large-scale acquisition in the chemical sector and a 10% rise in shares of Alcoa Inc. [From Internet].

Market holds cards close to its chest ahead of RBI meeting; Selan Exploration Technology Ltd and Garnet Constructions Ltd pumps more blood: Southern Online Bio-Technologies Ltd clocks huge volume on the news of getting two orders. The commercial production will start soon: The EPS for the March quarter for Premier Explosives Ltd will be above Rs.5, taking the overall EPS for FY-2006-07, to around Rs.8--Rs.9.This will be followed by another round of better EPS in the first quarter of FY-2007-08, due to selling of the Mushroom division. The stock is expected to shoot in the coming days. The two joint ventures in Turkey and Georgia, has started to bear fruits for Premier Explosives Ltd: Keep your eyes in the Micro, Small and Mid-cap Counters: The Sensex should touch 15, 000 by June, 2007: The market chose to remain cautious on the first day of the week, ahead of key events that are to unfold. The outcome of these events have the potential to swing the market either ways. The first and the most significant of events is the Reserve Bank of India (RBI)’s monetary policy, which will be announced by noon tomorrow. The central bank is expected to hold interest rates steady at its policy review on Tuesday (24 April), although analysts say tightening is not over yet and the central bank may decide to take steps to curb capital inflows that have been driving up the rupee. The central bank will also set out its forecasts for the year, including that on inflation and growth. Prior to this, it has already raised the reserve requirement for banks three times since December 2006 and raised its main lending rate five times since early-June 2006, to try and curb credit growth as well as inflation. Also, intense volatility is expected ahead of the expiry of the April 2007 derivative contracts on Thursday (26 April 2007). The market, which was highly volatile throughout the day, finally settled with modest gains. The benchmark Sensex was in great nick at the start of the session, but pared gains in the second half of trading, as profit-booking set in at the higher levels. The 30-share BSE Sensex gained 30.92 points, to end at 13,928.33. It had opened firm, at 13,972.81, and vaulted to a high of 14,046.52, as buying continued. Its low for the day is 13,879.39. The S&P CNX Nifty was up 1.55 points (0.04%), to finish at 4,085.10. The Sensex had last hit the 14,000 mark on 23 February 2007 and had closed above the coveted mark for the last time on 22 February 2007. The Sensex’s all-time peak is of 14,723.88, which was attained on 9 February 2007. The benchmark Sensex's all-time closing high is 14,652.09, of 8 February 2007. The market-breadth, which measures the overall health of the market, ended negative, as selling of smallcap and mid-cap shares began. On BSE, 1,387 scrips declined compared to 1,177 that advanced. A total of 83 stocks remained unchanged. The BSE Mid-Cap Index ended at 5,702.44, a gain of 3 points (0.06%), while the BSE Small-Cap Index settled at 6,970.92, down 3 points (0.05%) from its previous close. The total turnover on BSE was unusually high compared to that in the previous few sessions, thanks to a number of block deals that were executed in a lot of counters. Three massive block deals of 93.21 lakh shares each (amounting roughly 1.8% of stake), struck in the Gujarat Ambuja Cements (GACL) counter, at an average Rs 116.05 per share on BSE were a salient feature of opening trade. The stock was down 0.61% to Rs 114.75, on total volumes of 3.03 crore shares. Undoubtedly, it was the top-traded counter on BSE with a turnover of Rs 352.55 crore. As per reports, Holcim, the world's second-biggest cement maker, raised its stake in the Indian cement major to nearly 30% in a deal worth $78 million. Phoenix Mills was the fourth most-traded counter on BSE with a turnover of Rs 119.95 crore. Two block deals of 2.43 lakh shares were executed in the counter on BSE, at an average Rs 1581 per share in early trade. A block deal of 10.20 lakh shares was struck in the Cairn India counter, at Rs 132 per share, by 14:25 IST. As a result of the block deals, the total turnover clocked a neat Rs 4111.37 crore on BSE while the total market-wide turnover was at Rs 45203.74 crore. Among the 30-Sensex pack, 16 declined while the rest advanced. Shares from the metal pack, bucked the sluggish trend. The BSE Metal Index closed at 9,896.84, up 2%, and was the top-gainer among the sectoral indices. Tata Steel surged 4.71% to Rs 559.50, on a high volume of 22.96 lakh shares, and was the top-gainer. It had advanced to a high of Rs 560, in intra-day trade. Maharashtra Seamless (up 5.92%), Jindal Steel (up 5.08%), Sail (up 0.20%), and Jindal Saw (up 2.25%) were the other gainers from the metal space. REL (up 2.10% to Rs 521.75), Hindalco (up 0.80% to Rs 147.85) and Satyam Computers (up 0.85% to Rs 480.50) were the other gainers. Reliance Communications advanced 1.62% to Rs 463.80, on expectations of strong earnings growth, driven by a robust rise in the subscriber base and an increased penetration of value-added services. Reliance Communications will announce its results on 30 April 2007. Bharti Airtel, however, was down 0.95% to Rs 837.55, after striking an all-time high of Rs 867.80. Bharti Airtel unveils its Q4 results on 27 April 2007. Index heavyweight Reliance Industries (RIL) was up 1.10% to Rs 1558, on a volume of 6.24 shares. It had advanced to a high of Rs 1560, while its low was at Rs 1527. Drug major Ranbaxy Laboratories lost 0.37% to Rs 342.05, after investing more than $20 million (over Rs 83 crore) in the Romanian subsidiary, Terapia Ranbaxy. The move is a part of the company’s strategy to make the subsidiary its hub for Europe and Commonwealth of Independent States (CIS). Terapia SA, an 86-year-old company, was acquired by Ranbaxy for $324 million (Rs 1,347 crore) in June, last year. The combined operations of Terapia and Ranbaxy established the largest Romanian generics company, with more than 1,200 employees, of which 350 form the largest professional field force in the Romanian pharmaceutical market. Terapia has a manufacturing plant in Romania, which Ranbaxy is now in the process of upgrading. Ranbaxy had invested about $10 million (over Rs 40 crore) last year in Terapia and was looking at a similar investment in the same, post-acquisition, a Romanian news paper, Ziarul Financier, had said yesterday quoting Peter Burema, President of Ranbaxy’s global pharmaceutical division. Cigarette major ITC was the top-loser, down 2.49% to Rs 156.60, on volumes of 17.18 lakh shares. It had also sunk to a low of Rs 154.85. Banking stocks settled lower, ahead of the Reserve Bank of India (RBI)’s monetary policy meeting tomorrow. SBI (down 1.80% to Rs 1055.40), HDFC Bank (down 0.87% to Rs 986) and ICICI Bank (down 0.15% to Rs 913) declined. Tata Power Company surged 4% to Rs 568, after it acquired Coastal Gujarat Power, a special purpose vehicle (SPV) formed for Mundra Ultra Mega Power Project (UMPP). A formal execution of the documents took place between Power Finance Corporation (PFC) and Tata Power, under the guidance of the Ministry of Power, Delhi. A performance bank guarantee of Rs 300 crore was provided by the company in favour of PFC. Coastal Gujarat Power has also signed power purchase agreements (PPAs) with seven procurers (distribution licensees) for the sale of contracted capacity and supply of 4000 MW electricity to these licensees but it delineates responsibility of procurers and company for the next important milestone. It also nominates Gujarat Distribution Company as the lead procurer on behalf of all procurers. ABB gained 2.10% to Rs 3932, on continued buying, expecting a strong set of Q1 March 2007 results. ABB unveils Q1 results on 26 April 2007. Six brokerages expect 26.8 - 50.7% growth in ABB’s Q1 net profit, between 65 crore and Rs 77.30 crore, compared to a net profit of Rs 51.30 crore in Q1 March 2006. Sales are seen rising 25 - 49.2%, between Rs 1003.60 crore and Rs 1198.20 crore, from Rs 802.91 crore in the March 2006 quarter. Titan Industries plunged 6.20% to Rs 948, after the company reported a 18.5% decline in net profit in the March 2007 quarter. Titan Industries has reported a 18.50% decline in its net profit in the March 2007 quarter at Rs 30.32 crore (Rs 37.21 crore). Net sales surged 39.5% to Rs 605.83 crore from Rs 434.15 crore. Sun Pharmaceutical Industries plunged 10.61% to Rs 1055, after the stock began trading ex-demerger of its R&D division into a separate company. On 5 April 2007, Sun Pharmaceutical Industries announced that its shareholders will get a share of Sun Pharma Advanced Research Company, which is being spun off for every share they held in Sun Pharmeceuticals. The company has fixed 30 April 2007, as the record-date for this purpose. Sun Pharma Advanced Research Company will be seperately listed on the bourses in due course. Syngenta India rose by its maximum daily limit of 20% to Rs 625.20, after its parent set an exit price of Rs 730-per-share to delist the company. Lead acid batteries maker Exide Industries gained 6.48% to Rs 48.50. On Friday (20 April), the company reported strong Q4 March 2007 results. The net profit jumped 49% to Rs 38.51 crore, on 38% growth in sales to Rs 528.89 crore. IT services firm iGate Global Solutions gained 6.1% to Rs 356.50. Earlier during the month, iGate reported 42% sequential growth in net profit for Q4 March 2007 at Rs 22.65 crore from Rs 15.95 crore in the December 2006 quarter. The software developer had at the time of unveiling Q4 results said, the US subprime mortgage woes were hitting its revenues. Alfa Laval rose 5.94% to Rs 999. It was the fourth-biggest gainer from the 'A' group scrips of BSE. The company holds a board meeting on 25 April 2007, to consider March 2007 quarter results. Maharashtra Seamless gained 5.92% to Rs 562.50, ahead of its March 2007 quarter results scheduled on 25 April 2007. Zee Entertainment Enterprises rose 2.19% to Rs 272.25, on reporting strong Q4 March 2007 results. ZEEL recorded 13% growth in consolidated net profit on a like-to-like basis, giving effect to restructuring in the March 2007 quarter to Rs 60.30 crore (Rs 53.50 crore). Operating revenue rose 11% on a consolidated basis to Rs 384.40 crore (Rs 347.60 crore). For the year ended 31 March 2007, ZEEL clocked 8% growth in net profit to Rs 219.40 crore, on 31% growth in operating revenue to Rs 1441.10 crore. UltraTech Cement slipped 4.65% to Rs 803, despite the company reporting strong results for the March 2007 quarter. The scrip of Ultratech Cement had opened at Rs 860, a 2.11% rise to yesterday’s closing of Rs 842.15. UltraTech Cement posted a surge in net profit in the March 2007 quarter to Rs 231.54 crore (Rs 132.11 crore). Net sales surged 38.2% to Rs 1465.52 crore (Rs 1060.35 crore). DTH service provider Dish TV India slumped 4.92% to Rs 104.35, after the Reserve Bank of India (RBI) barred fresh FII-buying in the counter. According to the central bank, the ceiling of 49% for such investment had already been reached in the counter. The Nikkei average was little changed, giving up some of its earlier gains on Monday, as caution ahead of the earnings announcements put Yahoo Japan Corp and others under pressure. Hoya Corporation extended losses to fall more than 3% after posting a weaker-than-expected gain in the fourth-quarter profit on Monday. The Nikkei inched up 2.75 points, or 0.02%, to 17,455.37. Oil prices dropped in Asian trading on Monday after no major disruptions to production were reported around the weekend presidential election in Nigeria. An overseas monitor, however, said the electoral process failed to meet international standards. Light, sweet crude for June delivery dropped 16 cents to $63.95 a barrel in electronic trading on the New York Mercantile Exchange midmorning in Singapore. The May contract on Friday rose $1.55 to settle at $63.38 a barrel before expiring, while the June contract settled at $64.11, up 79 cents. FIIs have stepped up buying after Infosys gave a strong guidance for FY 2008 in dollar terms, putting to rest concerns about the impact of a slowdown in the US on India's IT sector. Their net inflow in three trading sessions, between 16 April 2007 and 18 April 2007, aggregated Rs 2076.90 crore. However, foreign funds pulled out a net Rs 73.40 crore on 19 April 2007. Their inflow for April 2007, till Thursday (19 April 2007), aggregated Rs 4371 crore. As per provisional data, FIIs were net buyers to the tune of Rs 622.51 crore on Friday (20 April), the day when the Sensex had surged 278 points drawing upon a strong guidance for FY 2008 from IT bigwig Satyam Computer and also due to firm global markets. Domestic institutional investors were net buyers to the tune of Rs 130 crore on Friday. US stocks jumped on Friday (20 April), with the Dow closing at a record high after stopping short just 35 points from the 13,000 mark, as Google Inc., and Caterpillar Inc., joined the list of companies reporting stronger-than-expected quarterly results. The Dow Jones industrial average rose 153.35 points, or 1.20%, to end at 12,961.98, its third straight record close. The Standard & Poor's 500 Index was up 13.62 points, or 0.93%, at 1,484.35. The Nasdaq Composite Index was up 21.04 points, or 0.84%, at 2,526.39.[With Inputs from the Internet]

The market should consolidate as this stage:The Small, Micro and Mid cap stocks are getting unnecessary battering: Garnet Construction Ltd is coming up with a Preference Issue at a "Much Higher Premium" to the market price so start accumulating: Premier Explosives Ltd should be accumulated at the current levels: The overall markets should consolidate at this stage of the market, with minimum downslide left. The large and select mid caps are seeing buying as the punters and investors are picking stocks as they look attractive after such a huge correction. The underlying trend in the market is still bullish and now slowly and steadily buying should emerge in the small and micro-cap space. This space is showing unnecessary sell off when this is the space which should be bought as the stocks here are trading at a very cheap rate in comparison to the large caps. I have started purchasing small amounts in every fall using the Ruppe Cost Averaging Method. In this method of investing, one invests a fixed quantity of money everyday or everyweek or everymonth. When the share price goes down, it gives them good amount of shares and when it rises up, the number of shares decreases, limiting his losses. Today Engineering & Construction major L&T rose 1.5% to Rs 1477. The stock rose for the second day in a row after a steep recent fall. The government’s thrust on the infrastructure sector bodes well for the engineering & construction major. Era Constructions rose 3% to Rs 310.50, after the Reserve Bank of India said foreign funds can now purchase equity shares and convertible debentures of the company up to 40% of the paid-up capital of the company through the primary and secondary markets in India. The other real estate stocks should also start to rise, as most of them in the small and mid cap space have corredted by huge amounts. The companies should come out with good results for the March, 2006 quarter as the new provisions of the budget are applicable only in FY-07-8. The land prices are shooting over the roof and most of the companies are sitting on huge real estates, whose prices can either rise up or stabilise at the current levels. Besides in future the real estate companies will get benefit from the fall in the price of Steel and Cement( if any). I am very bullish in this sector and now I am thinking of parking at least 40% of my total capital in the real estate stocks. I HAVE CONFIRMED NEWS THAT GARNET CONSTRUCTION LTD IS COMING UP WITH A PREFERENCE ISSUE AT A GOOD PRICE WHICH IS AT A "VERY HIGH PREMIUM" TO THE MARKET PRICE. BESIDIES THE COMPANY HAS ALSO PURCAHASED LAND IN BOMBAY WHERE THE CONSTRUCTION IS ABOUT TO BEGIN. THE COMPANY IS PRESENTLY GETTING REVENUES FROM THE SALE OF THE PROPRTIES IN LONAVALA. IT HAS RECENTLY SIGNED A CONTRACT WITH AN OVERSEAS COMPANY, WHICH WILL GIVE THEM MORE IMPETUS IN ITS VENTURE. ONE CAN SLOWLY ACCUMULATE THE STOCK ON ALL DECLINES, USING RUPEE COST AVERAGE METHOD. Premier Explosives can also be accumulated at the current price of around Rs.44 for some wonderful gains in the days to come. Keep holding Zigma Software Ltd, FCS Software, PSTL, Cinemax Ltd, etc. It is that people do not accumulate the stocks hearing the analysts on TV, and they start purchasing when the stock has already risen up. The Rally which started in the last year, will peak out in late May, 2007, when we can see some correction. So do not wait for the analysts on the TV Channels to give u buy signals, as at that time they will be selling to you. But do not buy in one go but use staggered approach... More in the following positings...............I am facing some problems on the internet front and this update is being done from a Cyber Cafe. Also I am busy in the preparations for a conference for a health care company, hence regular updates will be affected on this blog and in the group. Best wishes, Suman Mukherjee India.