NSE Bulk Deal Watch - Jan 14 2008

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
14-JAN-2008,ARIES,Aries Agro Limited,CPR CAPITAL SERVICES LTD.,BUY,79777,221.86,-
14-JAN-2008,ARIES,Aries Agro Limited,CREDENTIAL STOCK BROKERS LIMITED,BUY,113900,225.84,-
14-JAN-2008,ARIES,Aries Agro Limited,DINESH MUNJAL,BUY,170759,219.91,-
14-JAN-2008,ARIES,Aries Agro Limited,FIN BRAINS SECURITIES (INDIA) LTD.,BUY,84965,227.78,-
14-JAN-2008,ARIES,Aries Agro Limited,HARBUX SINGH SIDHU,BUY,224294,224.67,-
14-JAN-2008,ARIES,Aries Agro Limited,KARIMJEE PVT.LTD.,BUY,124898,225.00,-
14-JAN-2008,ARIES,Aries Agro Limited,PACE FINCAP PRIVATE LIMITED,BUY,119195,223.64,-
14-JAN-2008,ARIES,Aries Agro Limited,R.M. SHARE TRADING PVT LTD,BUY,159794,227.46,-
14-JAN-2008,ARIES,Aries Agro Limited,YOKE SECURITIES LIMITED,BUY,143895,223.68,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,BUY,395809,41.30,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,NISSAR BROTHERS,BUY,349853,39.30,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,SANJAY BHANWARLAL JAIN,BUY,255866,39.41,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,TRANSGLOBAL SECURITIES LTD.,BUY,499371,39.70,-
14-JAN-2008,NICCO,Nicco Corporation Limited,RAPID ESTATES PRIVATE LIMITED,BUY,788670,38.00,-
14-JAN-2008,OMNITECH,Omnitech Infosolutions Li,MANISH VRAJLAL SARVAIYA,BUY,107108,223.04,-
14-JAN-2008,PPAP,Precision Pipes And Profi,FIN BRAINS SECURITIES (INDIA) LTD.,BUY,103853,145.89,-
14-JAN-2008,PPAP,Precision Pipes And Profi,NEPTUNE FINCOT PVT LTD,BUY,71498,149.26,-
14-JAN-2008,PPAP,Precision Pipes And Profi,PRASHANT JAYANTILAL PATEL,BUY,211324,148.67,-
14-JAN-2008,SHLAKSHMI,Shri Lakshmi Cotsyn Limit,DEEPAK B DESAI,BUY,97386,154.91,-
14-JAN-2008,SHLAKSHMI,Shri Lakshmi Cotsyn Limit,JRK CONSULTANTS PVT LTD,BUY,200000,174.88,-
14-JAN-2008,ARIES,Aries Agro Limited,CPR CAPITAL SERVICES LTD.,SELL,79777,222.23,-
14-JAN-2008,ARIES,Aries Agro Limited,CREDENTIAL STOCK BROKERS LIMITED,SELL,113900,225.71,-
14-JAN-2008,ARIES,Aries Agro Limited,DINESH MUNJAL,SELL,170759,220.62,-
14-JAN-2008,ARIES,Aries Agro Limited,FIN BRAINS SECURITIES (INDIA) LTD.,SELL,84965,228.31,-
14-JAN-2008,ARIES,Aries Agro Limited,HARBUX SINGH SIDHU,SELL,224294,224.75,-
14-JAN-2008,ARIES,Aries Agro Limited,KARIMJEE PVT.LTD.,SELL,124898,223.45,-
14-JAN-2008,ARIES,Aries Agro Limited,PACE FINCAP PRIVATE LIMITED,SELL,119195,222.96,-
14-JAN-2008,ARIES,Aries Agro Limited,R.M. SHARE TRADING PVT LTD,SELL,159794,227.61,-
14-JAN-2008,ARIES,Aries Agro Limited,YOKE SECURITIES LIMITED,SELL,141895,223.79,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,SELL,348996,41.07,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,NISSAR BROTHERS,SELL,349853,39.24,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,SANJAY BHANWARLAL JAIN,SELL,255866,39.62,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,TRANSGLOBAL SECURITIES LTD.,SELL,489374,39.64,-
14-JAN-2008,NICCO,Nicco Corporation Limited,NIRAJ REALTORS & SHARES PVT. LTD.,SELL,800000,38.00,-
14-JAN-2008,OMNITECH,Omnitech Infosolutions Li,MANISH VRAJLAL SARVAIYA,SELL,80108,216.62,-
14-JAN-2008,PPAP,Precision Pipes And Profi,FIN BRAINS SECURITIES (INDIA) LTD.,SELL,103853,147.02,-
14-JAN-2008,PPAP,Precision Pipes And Profi,NEPTUNE FINCOT PVT LTD,SELL,71497,148.06,-
14-JAN-2008,PPAP,Precision Pipes And Profi,PRASHANT JAYANTILAL PATEL,SELL,211324,148.21,-
14-JAN-2008,PPAP,Precision Pipes And Profi,PRIME INDIA INVESTMENT FUND LTD,SELL,145185,150.19,-
14-JAN-2008,PPAP,Precision Pipes And Profi,RAHN AND BODMER,SELL,136066,150.20,-
14-JAN-2008,SHLAKSHMI,Shri Lakshmi Cotsyn Limit,DEEPAK B DESAI,SELL,83263,160.26,-
14-JAN-2008,SHLAKSHMI,Shri Lakshmi Cotsyn Limit,JRK CONSULTANTS PVT LTD,SELL,200000,149.50,-
14-JAN-2008,SHLAKSHMI,Shri Lakshmi Cotsyn Limit,RELIANCE CAPITAL LTD,SELL,102252,167.35,-
14-JAN-2008,SHLAKSHMI,Shri Lakshmi Cotsyn Limit,SONATA INVESTMENTS LIMITED,SELL,107485,171.87,-

BSE Bulk Deals to Watch - Jan 14 2008

14/1/2008	511706	ACTION FIN	DINESH MEHTA AND SONS HUF	S	66000	46.72
14/1/2008	532919	ALLIED COMP	JHUNJHUNWALA ENTERPRISES	B	100000	45.00
14/1/2008	532919	ALLIED COMP	ACCORD CAPITAL MARKETS LTD	S	350000	45.12
14/1/2008	531400	ALMONDZ GLO	INNOVATE SECURITIES PVT LTD PRO ACCOUNT	B	100000	119.40
14/1/2008	590049	APOLLO SINDH	MORGAN STANLEY MAU CO LTD	B	14685	821.87
14/1/2008	532935	ARIES AGRO	PACE FINCAP PRIVATE LIMITED	B	125063	225.12
14/1/2008	532935	ARIES AGRO	PRATIK H. PAREKH	S	67339	229.27
14/1/2008	532935	ARIES AGRO	PACE FINCAP PRIVATE LIMITED	S	125063	226.04
14/1/2008	532935	ARIES AGRO	JMP SECURITIES PVT. LTD.	S	155918	239.48
14/1/2008	505506	AXON INFOTEC	UNIFLEX CARRYING CO. PVT LTD	B	30000	72.45
14/1/2008	505506	AXON INFOTEC	CLOCK SIGN TRADING CO. PVT LTD.	B	21500	72.45
14/1/2008	505506	AXON INFOTEC	RIDHIMA HOLDINGS PVT LTD	S	29850	72.00
14/1/2008	505506	AXON INFOTEC	PARAS FINVEST PVT LIMITED	S	5500	72.00
14/1/2008	505506	AXON INFOTEC	BINDUBALA SHARMA	S	7394	71.49
14/1/2008	505506	AXON INFOTEC	PARAS KUMAR JAIN	S	16000	72.25
14/1/2008	505506	AXON INFOTEC	JYOTHI N	S	4000	75.40
14/1/2008	532931	BURNPUR	N D NISSAR	B	238395	38.39
14/1/2008	532931	BURNPUR	JMP SECURITIES PVT. LTD.	B	268119	42.15
14/1/2008	532931	BURNPUR	KETAN MAMANIYA	B	238113	39.37
14/1/2008	532931	BURNPUR	N D NISSAR	S	238395	38.36
14/1/2008	532931	BURNPUR	KETAN MAMANIYA	S	238113	39.52
14/1/2008	505923	CEEKAY DIAKI	I S F SECURITIES LTD	B	50833	137.12
14/1/2008	505923	CEEKAY DIAKI	MAHENDRA KUMAR JAIN	B	29483	135.26
14/1/2008	505923	CEEKAY DIAKI	I S F SECURITIES LTD	S	55833	135.72
14/1/2008	505923	CEEKAY DIAKI	MAHENDRA KUMAR JAIN	S	25553	138.37
14/1/2008	505923	CEEKAY DIAKI	SHILPA KETAN SHAH	S	40000	137.53
14/1/2008	526917	CHD DEV LTD	JMP SECURITIES PVT. LTD.	B	370829	29.84
14/1/2008	522231	CONART ENGIN	HAFEEZ S CONTRACTOR	S	32000	44.01
14/1/2008	500117	DCW LTD	JMP SECURITIES PVT. LTD.	B	1028214	37.36
14/1/2008	500117	DCW LTD	JMP SECURITIES PVT. LTD.	S	952912	37.77
14/1/2008	517973	DMC INTER	HITECH COMPUTECH PRIVATE LTD	B	45000	37.62
14/1/2008	517973	DMC INTER	J A FINANCIAL AND MANAGEMENT CONSULTANTS PVT LTD	S	28000	37.94
14/1/2008	532318	GEMINI COMMU	PAVAN GANDHI	B	122723	298.14
14/1/2008	532318	GEMINI COMMU	PAVAN GANDHI	S	151586	298.10
14/1/2008	531137	GEMSTONE INV	SUPREME INDIA COTTEX PVT LTD	B	50000	32.65
14/1/2008	524184	GULSHA SUG C	KAMAL KUMAR DUGAR AND CO	B	223447	65.91
14/1/2008	500500	HIND MOT LTD	JMP SECURITIES PVT. LTD.	B	889006	78.34
14/1/2008	531025	INCA FINLEAS	GLOBAL FILM AND BORD CASTING L	B	30200	148.46
14/1/2008	531025	INCA FINLEAS	JATIN RAMNIKLAL CHHADWA	S	15000	150.00
14/1/2008	531025	INCA FINLEAS	RAKESH JATIN CHHADWA	S	15000	147.00
14/1/2008	524342	INDO BORAX C	NISHA SUMAN JAIN	B	26240	154.30
14/1/2008	530405	JINDAL CAP.	HITESH SHASHIKANT JHAVERI	B	25001	81.95
14/1/2008	530405	JINDAL CAP.	JMP SECURITIES PVT. LTD.	B	97619	75.30
14/1/2008	530405	JINDAL CAP.	JMP SECURITIES PVT. LTD.	S	39540	80.49
14/1/2008	512413	KHAITAN WVG	BHAROSEMAND COMMODITIES PVT.LTD.	B	6794	65.90
14/1/2008	507435	KHODAY INDIA	HONEYWELL BUSINESS PVT LTD	S	150000	294.13
14/1/2008	523550	KRYPTON INDU	CHAINROOP SURAJMAL DUGAR	B	29824	75.41
14/1/2008	523550	KRYPTON INDU	NILESH KUMAR LAHOTI	S	32261	75.44
14/1/2008	523550	KRYPTON INDU	CHAINROOP SURAJMAL DUGAR	S	36673	74.16
14/1/2008	531261	KUSHAGRA SO	V R P FINANCIAL SERVICES PVT LTD	B	498745	12.30
14/1/2008	531261	KUSHAGRA SO	TRIJAL INDUSTRIES LIMITED	S	500000	12.30
14/1/2008	505523	MAH IND LEAS	AYODHYAPATI INVESTMENT PVT. LTD	B	25986	56.77
14/1/2008	505523	MAH IND LEAS	ENCA FINLEASE LTD.	B	35500	57.15
14/1/2008	505523	MAH IND LEAS	AYODHYAPATI INVESTMENT PVT. LTD	S	21846	57.15
14/1/2008	501209	MAST MEDI SY	BAKLIWAL FINANCIAL SERVICES INDIA PVT LTD	B	60843	70.01
14/1/2008	532850	MIC ELECT	CITI GROUP GLOBAL MARKET MAURITIUS LIMITED	B	150000	914.00
14/1/2008	532850	MIC ELECT	BSMA LIMITED	S	175000	914.00
14/1/2008	519287	MODERN DAIRE	SHAILAJA FINANCE LTD	S	47000	75.00
14/1/2008	531096	MOUNT EVE MI	DSP MERRILL LYNCH CAPITAL LIMITED	B	155292	179.00
14/1/2008	531096	MOUNT EVE MI	MERILL LYNCH CAPITAL MARKETS ESPANA S A SV	S	275292	181.62
14/1/2008	531452	NCC FINANC L	SANTOSH JAIPURIA	S	35000	16.91
14/1/2008	590028	NICCO CORP	RAPID ESTATES PRIVATE LIMITED	B	696849	38.00
14/1/2008	590028	NICCO CORP	NIRAJ REALTORS AND SHARES PVT LTD	S	808195	38.01
14/1/2008	531465	NOUVEA MULTI	BHAROSEMAND COMMODITIES PVT.LTD	B	33600	30.15
14/1/2008	507864	PIONEER INVE	ALOSHA VANIJYA PVT LTD.	B	53536	859.51
14/1/2008	532933	PORWAL AUTO	YES INVESTMENTS	B	139000	84.39
14/1/2008	532933	PORWAL AUTO	NILESH K SHAH	B	452322	89.90
14/1/2008	532933	PORWAL AUTO	SPJSTOCK	B	140011	85.10
14/1/2008	532933	PORWAL AUTO	PRABHUDAS LILLADHER PVT. LTD.	B	423707	86.14
14/1/2008	532933	PORWAL AUTO	N D NISSAR	B	399377	84.52
14/1/2008	532933	PORWAL AUTO	KAUSHIK SHAH SHARES SEC P L	B	425119	88.93
14/1/2008	532933	PORWAL AUTO	DEEPAK S CHHEDA	B	406834	84.87
14/1/2008	532933	PORWAL AUTO	AMIT M GALA	B	420081	85.99
14/1/2008	532933	PORWAL AUTO	HIMANSHU R NISSAR	B	211156	84.17
14/1/2008	532933	PORWAL AUTO	AMU SHARES AND SEC LTD	B	159784	86.04
14/1/2008	532933	PORWAL AUTO	SONI JIGNESH BALKRISHNA	B	137856	86.16
14/1/2008	532933	PORWAL AUTO	YES INVESTMENTS	S	139000	86.30
14/1/2008	532933	PORWAL AUTO	NILESH K SHAH	S	452322	88.47
14/1/2008	532933	PORWAL AUTO	SONI JIGNESH BALKRISHNA	S	137856	82.06
14/1/2008	532933	PORWAL AUTO	SPJSTOCK	S	140011	85.25
14/1/2008	532933	PORWAL AUTO	PRABHUDAS LILLADHER PVT. LTD.	S	423392	86.41
14/1/2008	532933	PORWAL AUTO	N D NISSAR	S	399377	84.74
14/1/2008	532933	PORWAL AUTO	KAUSHIK SHAH SHARES SEC PL	S	410919	89.21
14/1/2008	532933	PORWAL AUTO	DEEPAK S CHHEDA	S	406834	85.19
14/1/2008	532933	PORWAL AUTO	AMIT M GALA	S	420081	86.35
14/1/2008	532933	PORWAL AUTO	HIMANSHU R NISSAR	S	211156	84.22
14/1/2008	532933	PORWAL AUTO	RAHN AND BODMER	S	150960	89.96
14/1/2008	532933	PORWAL AUTO	PRIME INDIA INVESTMENT FUND LTD	S	150960	94.08
14/1/2008	532933	PORWAL AUTO	KEYNOTE COMMODITIES LTD	S	463504	90.02
14/1/2008	532933	PORWAL AUTO	CONCEPT COMMUNICATIONS LTD	S	397312	90.00
14/1/2008	532933	PORWAL AUTO	KEYNOTE CAPITALS LTD.	S	132384	90.12
14/1/2008	532933	PORWAL AUTO	AMU SHARES AND SEC LTD	S	159784	86.20
14/1/2008	531646	RFL INTERNAT	R MALHOTRA AND ASSOCIATES	B	100000	2.71
14/1/2008	531646	RFL INTERNAT	ASHVIN PATANGIYA	B	90000	2.80
14/1/2008	531646	RFL INTERNAT	FIRDOUS MUNIRUDDIN DADAN	B	95000	2.58
14/1/2008	531646	RFL INTERNAT	NILESH VED	B	30000	2.76
14/1/2008	531646	RFL INTERNAT	ARUNKUMAR CHAMPALAL HUF	B	50000	2.79
14/1/2008	531646	RFL INTERNAT	VIJAY KUMAR DALMIA	B	50000	2.72
14/1/2008	531646	RFL INTERNAT	PAWAN KUMAR HIRALAL PODDAR	S	41389	2.75
14/1/2008	531646	RFL INTERNAT	SUNIL CHAUDHARY	S	30000	2.79
14/1/2008	531646	RFL INTERNAT	HEMANT KUMAR GUPTA	S	325000	2.78
14/1/2008	531646	RFL INTERNAT	ARUNKUMAR CHAMPALAL SURANA	S	30000	2.78
14/1/2008	532031	SARANG CHEMI	NILESH RASIKLAL PANDYA	B	30000	6.74
14/1/2008	514264	SEASONS TEXT	AJD LEASING AND FIN LTD	B	48738	19.97
14/1/2008	512499	SHALIMAR PRO	ENCA FINLEASE LTD.	B	253853	2.88
14/1/2008	526049	SHRILAKSHMI	APEX SECURITIES	S	117235	163.01
14/1/2008	526049	SHRILAKSHMI	SONATA INVESTMENTS LIMITED	S	100000	168.95
14/1/2008	526049	SHRILAKSHMI	RELIANCE CAPITAL LIMITED	S	91318	166.12
14/1/2008	530155	TONIRA PHARM	IPCA LABORATORIES LIMITED	B	56271	28.50
14/1/2008	531703	TRIBHVAN HSG	KASTURI TOWERS LIMITED	S	84583	36.96
14/1/2008	511246	WHITE LION A	LOGIC INFOTECH LIMITED	S	20215	23.45
11/1/2008	511706	ACTION FIN	CHIMANLAL MANEKLAL SEC.PVT.LTD	S	50566	48.12
11/1/2008	532935	ARIES AGRO	MATRIX EQUITRADE PVT LTD	B	2364317	224.50
11/1/2008	532935	ARIES AGRO	SANJEEV SINGHAL	B	179737	220.87
11/1/2008	532935	ARIES AGRO	SANJAY GUPTA HUF	B	293900	293900.00
11/1/2008	532935	ARIES AGRO	RAJIV GUPTA	B	216349	233.06
11/1/2008	532935	ARIES AGRO	OPG SECURITIES PVT LTD	B	1010409	225.72
11/1/2008	532935	ARIES AGRO	MAHANAND PRASAD	B	328943	222.66
11/1/2008	532935	ARIES AGRO	SETU SECURITIES PVT LTD	B	136695	225.23
11/1/2008	532935	ARIES AGRO	A A DOSHI SHARES AND BROK	B	68998	218.50
11/1/2008	532935	ARIES AGRO	MATRIX EQUITRADE PVT LTD	S	2364317	225.27
11/1/2008	532935	ARIES AGRO	SANJEEV SINGHAL	S	179737	221.43
11/1/2008	532935	ARIES AGRO	SANJAY GUPTA HUF	S	293900	231.37
11/1/2008	532935	ARIES AGRO	RAJIV GUPTA	S	216349	234.02
11/1/2008	532935	ARIES AGRO	OPG SECURITIES PVT LTD	S	1010409	226.07
11/1/2008	532935	ARIES AGRO	MAHANAND PRASAD	S	328943	222.61
11/1/2008	532935	ARIES AGRO	SETU SECURITIES PVT LTD	S	136694	218.61
11/1/2008	532935	ARIES AGRO	WINSTAR INDIA INV CO LTD	S	75000	168.33
11/1/2008	532935	ARIES AGRO	A A DOSHI SHARES AND BROK	S	68998	211.46
11/1/2008	505506	AXON INFOTEC	VIDHATA SECURITIES PVT LTD	B	18300	69.83
11/1/2008	505506	AXON INFOTEC	KUSHAGRA SOFTWARE LTD	B	54000	69.99
11/1/2008	505506	AXON INFOTEC	ABSOLUTE LEASING AND FINVEST PVT	B	20626	69.99
11/1/2008	530457	CINERAD COMM	PRANIDHI HOLDUNGS PVT LTD	S	200000	17.30
11/1/2008	517973	DMC INTER	SFS INFINITE LTD	S	20000	34.00
11/1/2008	517973	DMC INTER	IFL PROMOTERS LTD.	S	20000	34.28
11/1/2008	532022	FILAT FASH	CHIRANJILAL.JAYRAM.VYAS	S	100000	27.70
11/1/2008	524624	GAGAN GASE L	MADHU PARWAL	B	35000	11.00
11/1/2008	531784	KADAMB CONST	ANITA VYAPAAR PRIVATE LIMITED	B	20000	56.99
11/1/2008	505523	MAH IND LEAS	GLOBAL FILM AND BORD CASTING LTD	B	25000	55.00
11/1/2008	501209	MAST MEDI SY	MAVI INVESTMENT FUND LTD	B	50780	69.95
11/1/2008	526169	MULTIBASE 1	VISHAL SHAH	B	105868	49.81
11/1/2008	532934	PRECISION	MATRIX EQUITRADE PVT LTD	B	205264	143.34
11/1/2008	532934	PRECISION	OPG SECURITIES PVT LTD	B	226202	143.96
11/1/2008	532934	PRECISION	MAHANAND PRASAD	B	101384	141.98
11/1/2008	532934	PRECISION	MATRIX EQUITRADE PVT LTD	S	205264	143.28
11/1/2008	532934	PRECISION	OPG SECURITIES PVT LTD	S	226202	143.45
11/1/2008	532934	PRECISION	MAHANAND PRASAD	S	101384	141.49
11/1/2008	531646	RFL INTERNAT	NITIN GUPTA HUF	B	30000	2.66
11/1/2008	531646	RFL INTERNAT	CHINTAN GUPTA HUF	B	30000	2.66
11/1/2008	531646	RFL INTERNAT	JAGJIT SINGH CHAUDHARY	S	55000	2.66
11/1/2008	532887	SUJANATOWER	DMA INVESTMENT PVT LTD	B	370683	207.58
11/1/2008	531418	SYSTEL INFOT	RASHEL AGROTECH LTD.	S	314400	1.00
11/1/2008	531703	TRIBHVAN HSG	SIGRUN REALITIES LTD	B	85000	35.48
10/1/2008	505506	AXON INFOTEC	VIRENDER KUMAR MITTAL HUF	B	6803	75.90
10/1/2008	505506	AXON INFOTEC	KASHIRAM KADAM	B	34000	75.21
10/1/2008	505506	AXON INFOTEC	VIRENDER KUMAR MITTAL HUF	S	6803	76.32
10/1/2008	505506	AXON INFOTEC	KASHIRAM KADAM	S	10920	75.28
10/1/2008	531137	GEMSTONE INV	VIPUL HIRALAL SHAH	B	200000	30.59
10/1/2008	531137	GEMSTONE INV	MALA HEMANT SHETH	B	51000	29.83
10/1/2008	531137	GEMSTONE INV	KISHORE BALUBHAI CHAUHAN	B	50000	29.63
10/1/2008	531137	GEMSTONE INV	HEMANT MADHUSUDAN SHETH	S	125500	30.46
10/1/2008	532067	KILPEST INDI	HEMANT MADHUSUDAN SHETH	S	40000	97.11
10/1/2008	531646	RFL INTERNAT	LALITA Y MEHTA	S	59133	2.49
9/1/2008	531223	ANJANI SYNTH	TEJAS JAYANTILAL SHAH	B	27861	135.78
9/1/2008	531223	ANJANI SYNTH	TEJAS JAYANTILAL SHAH	S	31420	132.76
9/1/2008	506874	ASKME IN HU	V PRASAD BABU	B	70000	2.42
9/1/2008	531682	CAT TECHNOL	SHYAM ALCOHOL AND CHEMICALS LTD	B	225000	15.36
9/1/2008	531270	DAZZEL CONFI	PARESH POPATBHAI BALLAR	B	42500	7.71
9/1/2008	531863	GEEKAY FINAN	C R RAJESH NAIR	B	25000	56.80
9/1/2008	531137	GEMSTONE INV	PREM MOHANLAL PARIKH	B	27500	29.16
9/1/2008	531137	GEMSTONE INV	KISHOR BALUBHAI CHAUHAN	B	26500	28.69
9/1/2008	531137	GEMSTONE INV	BHAVESH PRAKASH PABARI	B	19500	29.01
9/1/2008	531137	GEMSTONE INV	PREM MOHANLAL PARIKH	S	15000	28.90
9/1/2008	531137	GEMSTONE INV	KISHOR BALUBHAI CHAUHAN	S	15000	28.90
9/1/2008	531137	GEMSTONE INV	BHAVESH PRAKASH PABARI	S	20000	29.02
9/1/2008	531137	GEMSTONE INV	ANKIT RAJENDRA SANCHANIYA	S	15000	28.90
9/1/2008	532067	KILPEST INDI	HEMANT MADHUSUDAN SHETH	B	76650	102.31

Reliance Power - 1 day to go!

Applying for Reliance Power IPO ?

Yes ! Anil bhai's dream! 834 (66.08%)

No! Scam !! 428 (33.92%)

Votes so far: 1262


The "No Scam!!" vote has slowly and steadily increased. While the last "BIG" issue DLF had so many against votes, Reliance Power is still a clear winner garnering 2/3 of the votes

Eveninger - Jan 14 2008

Eveninger - Jan 14 2008

Maruti Suzuki - Jan 11 2008

Maruti Suzuki - Jan 11 2008

Infosys Technologies - Jan 11 2008

Infosys Technologies - Jan 11 2008

Sensex sheds 99 points

The market ended the volatile session in the red as index heavyweights ICICI Bank and Infosys Technologies drifted lower. Reliance Industries moved higher. NTPC soared. Bharti Airtel, Maruti Suzuki and Wipro slumped. Oil & gas shares were in demand. IT and consumer durables stocks slipped. The market breadth was positive. 19 out of 30 stocks from the Sensex pack were in red.

Asian markets, which opened before Indian markets, were mixed. European markets, which were mixed in early trades, were in green.

The market regulator Securities and Exchange Board of India (Sebi) on Friday, 11 January 2008, gave its go-ahead for the launch of long duration options on the popular Sensex and Nifty indices with tenures up to three years. At present maximum duration for any futures & options contract is three months.

The 30-share BSE Sensex lost 99.40 points or 0.48% to 20728.05. Sensex hit a low of 20,661.90 in the mid-afternoon trade. At day’s low, Sensex shed 165.55 points. Sensex hit a high of 20,985.62 at the onset of the trading session. At the day's high, Sensex rose 158.17 points.

The broader CNX S&P Nifty rose 6.70 points or 0.11% at 6206.80.

The BSE Mid-Cap index was up 1.04% to 9,537.05. The BSE Small-Cap index was up 1.38% to 12,869.30. Both these indices outperformed the Sensex.

The market breadth was positive. On BSE, 1553 shares advanced as compared to 1301 that declined. 24 remained unchanged.

The BSE clocked a turnover of Rs 7033 crore as compared to Rs 8,018.66 on Friday, 11 January 2008.

Nifty January 2008 futures were at 6225.45, at a premium of 18.65 points as compared to spot closing of 6206.80.

The NSE's futures & options (F&O) segment turnover was Rs 53245.37 crore, which was lower than Rs 68449.32 crore on Friday, 11 January 2008.

NTPC jumped 4.65% to Rs 284.95, Bharat Heavy Electricals gained 1.59% to Rs 2473.95, and HDFC Bank rose 1.45% to Rs 1787.90.

India’s second largest telecom service provider by sales Reliance Communications rose 1.47% to Rs 805.15 on reports it has received additional spectrum to start GSM services in 14 circles.

India’s largest commercial bank State bank of India (SBI) rose 1.03% to Rs 2462.25 after its board approved a proposal to raise Rs 16736 crore through a rights share issue. SBI will issue one share for every five shares held. The issue will be priced at Rs 1,590 each.

India’s largest listed cellular service provider by market share Bharti Airtel slumped 6.05% to Rs 907.30 after rival company Reliance Communications was allocated Global System for Mobile (GSM) communications spectrum in 14 circles in India.

Maruti Suzuki slipped 4.87% to Rs 854.95, Housing Development Finance Corporation declined 2.73% to Rs 2977.25, Mahindra & Mahindra shed 2.47% to Rs 755.65, and ACC fell 2.46% to Rs 875.90.

India's largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) rose 2.82% to Rs 3216.30 on reports the company is venturing into synthetic fuels through a $6-8 billion project that will turn coal into oil. Globally, this is called coal-to-liquid, or CTL, technology. RIL aims to produce about 80,000 barrels of oil per day through the process. The Rs 30,000 crore project will consume about 30 million tonnes of coal annually, reports suggest.

Another reason for the upmove in the stock was expectations of strong Q3 December 2007 results. RIL unveils Q3 results on Thursday, 17 December 2007.

The BSE Oil & Gas index rose 2.13% to 14,126.83. It outperformed the Sensex. BPCL soared 7.42% to Rs 467.10, Reliance Natural Resources jumped 7.14% to Rs 222, HPCL spurted 4.75% to Rs 349.75, Reliance Petroleum rose 2.50% to Rs 225.25 and Essar Oil moved up 1.09% to Rs 305.05.

IT stocks fell on US recession fears. The BSE IT index fell 2.85% to 3,987.06. It underperformed the Sensex.

India's second largest software exporter by sales Infosys Technologies fell 3.16% to Rs 1530.20. Infosys Technologies on Friday, 11 January 2008, reported 11.9% growth in consolidated net profit as per Indian GAAP to Rs 1231 crore on 4% rise in sales to Rs 4271 crore in Q3 December 2007 over Q2 September 2007.

Wipro slipped 5.05% to Rs 461.05, TCS skid 2.86% to Rs 960.80, and Satyam Computers fell 2.76% to Rs 399.40. Indian IT firms derive more than half of their revenues from the US market.

The BSE Consumer Durables index fell 1.46% to 6,119.67. It underperformed the Sensex. Videocon Industries fell 5% to Rs 600.90, Gitanjali Gems declined 1.19% to Rs 409.90, and Titan Industries fell 0.48% to Rs 1560.70.

The BSE Bankex rose 0.64% to 12,558.80. It outperformed the Sensex. India’s largest private sector bank by assets ICICI Bank fell 2.18% to Rs 1408. The stock had surged last week on reports it plans to list four for its subsidiaries starting with its securities arm, ICICI Securities.

Axis Bank soared 8.37% to Rs 1265.20, Karnataka Bank spurted 5.79% to Rs 268.45, Bank of Baroda climbed 5.35% to Rs 467.90, Indian Overseas Bank flared up 4.32% to Rs 194.25 and Centurion Bank of Punjab rose 3.98% to Rs 70.50.

Fertiliser stocks galloped on reports that the Department of Fertilisers is planning to approach the Cabinet next month to seek its approval for setting up a regulator for the sector to determine the pricing of fertilisers. Godavari Fertilisers and Chemicals jumped 9.54% to Rs 179.75, Coromandel Fertilisers moved up 5.56% to Rs 126.25, Rashtriya Chemicals and Fertilisers soared 5% to Rs 121.60, and Chambal Fertilisers and Chemicals rose 3.09% to Rs 80.15.

MIC Electronics, which makes the light-emitting diode (LED) video display system, rose 4.25% to Rs 919 after the company today, 14 January 2008, said its board has approved buying a stake of up to 51% in a power electronics firm and up to 74% in an entertainment firm.

Civil engineering and construction firm Hindustan Construction Company rose 2.72% to Rs 235.85 on reports the company has emerged as the lowest bidder to construct the first strategic crude reserve in India. The company is likely to be awarded the contract this week, the reports added.

Energy Development Company spurted 5.71% to Rs 293.55 after the power producer said it has signed agreements to develop five hydropower projects in the north-eastern state of Arunachal Pradesh.

Porwal Auto Components settled at Rs 79.65 on BSE, a premium of 6.2% over the IPO price of Rs 75. The stock debuted at Rs 79.85, a premium of 6.45% over the IPO price.

Reliance Natural Resources clocked the highest turnover of Rs 488.28 crore on BSE. Jaiprakash Associates (Rs 322.53 crore), Reliance Communications (Rs 196.69 crore), Reliance Petroleum (Rs 189.72 crore) and Relaince Industries (Rs 176.68 crore), were the other turnover toppers on BSE in that order.

Reliance Natural Resources registered highest volumes of 2.22 crore shares on BSE. Porwal Auto Components (1.99 crore shares), Ispat Industries (1.43 crore shares), Centurion Bank of Punjab (1.02 crore shares) and Relaince Petroleum (84.67 lakh shares), were the other volume toppers on BSE in that order.

In Europe, France’s CAC 40 was up 0.16%, UK’s FTSE 100 was up 0.10% and Germany’s DAX was up 0.22%.

Asian markets were trading mixed today, 14 January 2008. Hong Kong's Hang Seng was down 1.48%, South Korea's Seoul Composite was down 0.92% and Japan’s Nikkei 225 was down 1.93%. However, Taiwan's Taiwan Weighted was up 1.79% and China’s Shanghai Composite was up 0.24%.

US stocks declined sharply on Friday, 11 January 2008 on a warning by American Express of mounting credit-card defaults and a slowdown in consumer spending. Dow Jones Industrial Average slumped 246.79 points, or 1.92%, at 12,606.30, Standard & Poor's 500 Index fell 19.31 points, or 1.36%, to 1,401.02 and Nasdaq Composite Index dropped 48.58 points, or 1.95%, at 2,439.94.

Market Close: Profit booking continues but RIL up..

After a modest start indices lost the gains on ground on some selling pressure. Profit booking was seen in Large caps while midcaps and small caps saw some value buying. IT and Auto took the hit while among the gainers were Banks, oil and gas, realty, metals and power stocks. Markets remained ranged bound between 200 points for most part of the day. Though the global cues were negative Indian markets seems to be isolating slowly from the US markets. RIL was major gainer as investors are expecting it to come out with Reliance Fresh IPO. Results season is on cards and expectations are high. Asian markets ended in red. European Indices are trading mix.

Sensex was down by 99 points at 20728.05.Weighing on the Sensex were losses in Bharti Tele (907.3,-6 percent), Wipro (461.4,-5 percent), Maruti (854.95,-5 percent), Infosys (1530.2,-3 percent) and TCS (960.8,-3 percent). Losses were restricted by gains in Hero Honda (704.15,+7 percent), NTPC (284.95,+5 percent), RIL (3216.3,+3 percent), BHEL (2473.95,+2 percent) and RCVL (805.15,+1 percent).
Sayaji Hotels is mainly in the hotel and restaurant business. The hotels of the company are located in Indore and Baroda. The restaurant business of the company is managed by a 100% subsidiary 'Sanchi Hotels Pvt Ltd' which was formed in October 2006. The restaurants of the company are operational under the brand name of 'Barbeque-Nation' and come in the category of high end restaurants. Restaurant business seems to be the next revenue driver for the company. Sayaji is now in the transition phase. Sayaji can be considered as an investment option with 2-3 year time frame the back of favorable macro scenario. Do read our note on the company to know why. Sayaji closed higher by 6% for the day.

Balkrishna Industries is into manufacturing of Agri and OTR tyres. 80% of the tyre revenues are from exports. Majority of the exports are to Eastern Europe with 60% to the Agriculture sector. The company's performance was good especially in the headwinds of higher raw material prices. It is in the process of expansion and that is because the demand supply remains in favour of the company. There are not much global capacities coming on and the demand scenario is quite robust. The company is extremely confident of having price hikes and maintaining its margins. The stock has performed since our coverage. Do read our research note to know more.

Technically Speaking: Sensex traded volatile in both territories to finally end in red. It made intraday high of 20,959 and days low of 20,662. Volume was a bit dull at Rs 7033crs. The breath was in favor of Advances, where Advances stood at 1551 and Declines at 1304. Sensex resistance stands at 21,000 and support lies at 20500 - 20200 on daily charts.

Stocks Data of 3600 companies on BSE

Stocks Data of 3600 companies on BSE

Post Market Commentary - Jan 14 2008

The Indian market closed mixed as the Nifty closed up with marginal gains while BSE Sensex closed on a negative note. The market opened on a firm note on the back of heavy buying across the counters but was unable to sustain its gains. A lot of volatility was seen in today''s trading session as the investor''s took calculated steps in booking their positions. However, the Small Caps and Mid Caps stocks that faced the downturn for the last so many trading session remained in the limelight today as most buying was seen from these baskets. The BSE Small cap and Mid Caps closed with hand some gain of 168.37 points and 98.42 points at 12,862.39 and 9,536.90 respectively. The BSE Sensex closed lower by 99.40 points at 20,728.05 and NSE Nifty grew by 6.7 points to close at 6,206.80.

BSE Metal index closed higher by 105.40 points at 18,856. Scrips that grew are Jindal Steel (7.20%), Gujarat NRE (6.82%), Jindal Stainless (4.05%), JSW Steel (2.56%).

BSE Realty index closed up by 164.27 points at 13,647.15. Scrips that jumped are Anant Raj (12.15%), Mahindra Life (4.11%), HDIL (2.81%), Parsvnath (1.54%) and Unitech (1.05%).

BSE Bankex index increased by 79.84 points to close at 12,558.80 as Axis bank (8.37%), BOB (5.35%), IOB (4.32%), Andhra Bank (3.69%), BOI (3.22%), HDFC Bank (1.45%) closed higher.

BSE Oil & Gas index grew by 294.33 points to close at 14,126.83. Scrips that advanced are BPCL (7.42%), RNRL (7.14%), HPCL (4.75%), Reliance Inds (2.82%), RPL (2.50%) and Essar Oil (1.09%).

BSE Capital Goods index inched up by 35.47 points to close at 19,521.35. Scrips that grew are Jyoti Structures (3.69%), AIA Eng (2.27%), Alstom Projects (1.47%) and BHEL (1.59%).

BSE Health Care increased by 13.60 points to close at 4,196.54 as Glenmark (5.75%), Fortis Health (4.42%), Lupin (4.13%)

BSE IT index slipped by 116.82 points to close at 3,987.06. Scrips that fell are Karut Net (4.99%), Wipro (5.05%), Infosys (3.16%), TCS (2.86%), Satyam (2.76%)

Sensex drops amid choppy trades

Today domestic indices remained choppy on the back of profit bookings in index pivotal stocks. The Sensex moved 91 points up, above its previous close to open at 20,918 and advanced further to touch an intra-day high of 20,986 in the early trades. After displaying firm trend for a while the Sensex drifted into the red by mid-morning session. It tumbled sharply in the noon trades to touch the day's low of 20,662, down 324 points from its day's high. However, buying in oil, power and realty stocks helped the market to cease the fall. The Sensex witnessed hectic activity in the last hour of the trading, before selective buying saw the Nifty end in the green with a gain of seven points at 6,207. However, the Sensex dropped 99 points to close at 20,728.

The market breadth was positive, with the gainers outpacing the losers. Of the 2,881 stocks that traded on the BSE, 1,576 stocks advanced, 1,283 stocks declined and 22 stocks ended unchanged. Most of the sectoral indices ended in the green. The BSE Oil & Gas index gained 2.13% at 14,127 followed by the BSE Power index (up 1.37% at 4,921) and the BSE PSU index (up 1.25% at 10,529). However, the BSE IT index dropped 2.85% at 3,987, the BSE Teck index (Down 2.17% at 3,721) and the BSE CD index (Down 1.46% at 6,120).

Among the Sensex stocks, NTPC was the leading gainer and its stock price soared 4.65% at Rs285. Among the other stocks, Reliance Industries advanced 2.82% at Rs3,216, BHEL jumped 1.59% at Rs2,474, while Reliance Communication, HDFC Bank, SBI and Ranbaxy closed with the gains 1% each. Among the laggards, Bharti Airtel slipped 6.05% at Rs907, Wipro shed 5.05% at Rs461, Maruti declined by 4.87% at Rs855, Infosys fell by 3.16% at Rs1,530 and TCS lost 2.86% at Rs961.

Over 2.22 crore RNRL shares changed hands on the BSE followed by Porwal Auto (1.99 crore shares), Ispat Industries (1.43 crore shares), Centurion Bank of Punjab (1.02 crore shares) and Reliance Petroleum (84.67 lakh shares).

RNRL registered a turnover of Rs488 crore on the BSE followed by JP Associates (Rs322 crore), RCom (Rs196 crore), Reliance Petroleum (Rs189 crore) and Reliance Industries (Rs176 crore).

Market ends lower

The market ended the volatile session in the red as index heavyweights ICICI Bank and Infosys Technologies drifted lower. Reliance Industries moved higher. NTPC soared. Bharti Airtel, Maruti Suzuki and Wipro slumped. Oil & gas shares were in demand. IT and consumer durables stocks slipped. The market breadth was positive. 19 out of 30 stocks from the Sensex pack were in red.

Asian markets, which opened before Indian markets, were mixed. European markets, which were mixed in early trades, were in green.

The market regulator Securities and Exchange Board of India (Sebi) on Friday, 11 January 2008, gave its go-ahead for the launch of long duration options on the popular Sensex and Nifty indices with tenures up to three years. At present maximum duration for any futures & options contract is three months.

The 30-share BSE Sensex provisionally ended down 126.07 points or 0.61% to 20701.38. Sensex hit a low of 20,661.90 in the mid-afternoon trade. At day’s low, Sensex shed 165.55 points. Sensex hit a high of 20,985.62 at the onset of the trading session. At the day's high, Sensex rose 158.17 points.

The broader CNX S&P Nifty provisionally ended up 13.65 points or 0.22% at 6213.75.

The BSE Mid-Cap index was up 1.04% to 9,537.05. The BSE Small-Cap index was up 1.38% to 12,869.30.

The market breadth was positive. On BSE, 1553 shares advanced as compared to 1301 that declined. 24 remained unchanged.

The BSE clocked a turnover of Rs 7033 crore as compared to Rs 8,018.66 on Friday, 11 January 2008.

India's largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) rose 3.03% to Rs 3223 on reports the company is venturing into synthetic fuels through a $6-8 billion project that will turn coal into oil. Globally, this is called coal-to-liquid, or CTL, technology. RIL aims to produce about 80,000 barrels of oil per day through the process. The Rs 30,000 crore project will consume about 30 million tonnes of coal annually, reports suggest.

Another reason for the upmove in the stock was expectations of strong Q3 December 2007 results. RIL unveils Q3 results on Thursday, 17 December 2007.

India’s largest private sector bank by assets ICICI Bank fell 3.47% to Rs 1390. The stock had surged last week on reports it plans to list four for its subsidiaries starting with its securities arm, ICICI Securities.

India's second largest software exporter by sales Infosys Technologies fell 3.15% to Rs 1530. Infosys Technologies on Friday, 11 January 2008, reported 11.9% growth in consolidated net profit as per Indian GAAP to Rs 1231 crore on 4% rise in sales to Rs 4271 crore in Q3 December 2007 over Q2 September 2007.

NTPC soared 5.33% to Rs 286.80, Bharat Heavy Electricals moved up 1.64% to Rs 2475, HDFC Bank gained 1.46% to Rs 1788, State bank of India rose 1.14% to Rs 2464.95 and Ranbaxy Laboratories gained 0.92% to Rs 399.

Bharti Airtel slumped 6.54% to Rs 905.50, Wipro slipped 5.36% to Rs 459.90, Maruti Suzuki skid 3.19% to Rs 870, Housing Finance Development Corporation (HDFC) fell 2.95% to Rs 2970.50 and TCS gave away 2.73% to Rs 962.05.

In Europe, France’s CAC 40 was up 0.16%, UK’s FTSE 100 was up 0.10% and Germany’s DAX was up 0.22%.

Asian markets were trading mixed today, 14 January 2008. Hong Kong's Hang Seng was down 1.48%, South Korea's Seoul Composite was down 0.92% and Japan’s Nikkei 225 was down 1.93%. However, Taiwan's Taiwan Weighted was up 1.79% and China’s Shanghai Composite was up 0.24%.

US stocks declined sharply on Friday, 11 January 2008 on a warning by American Express of mounting credit-card defaults and a slowdown in consumer spending. Dow Jones Industrial Average slumped 246.79 points, or 1.92%, at 12,606.30, Standard & Poor's 500 Index fell 19.31 points, or 1.36%, to 1,401.02 and Nasdaq Composite Index dropped 48.58 points, or 1.95%, at 2,439.94.

Nifty January 2008 futures at premium

Turnover in F&O segment declines

Nifty January 2008 futures were at 6225.45, at premium of 18.65 points as compared to spot closing of 6206.80.

The NSE's futures & options (F&O) segment turnover declined to Rs 53,245.37 crore as compared to Rs 68,449.32 crore on Friday, 11 January 2008.

Reliance Natural Resources January 2008 futures were at premium, at 223.20, compared to the spot closing of 222.20. It was the most active contract on NSE's F&O segment with turnover of Rs 3148.78 crore

Reliance Industries January 2008 futures were at premium, at 3239, compared to the spot closing of 3233.

State Bank of India January 2008 futures were at premium, at 2461, compared to the spot closing of 2454.

In the cash market, the S&P CNX Nifty gained 6.70 points or 0.11% at 6206.80

J Kumar Infraprojects IPO Analysis

J Kumar Infraprojects (JKIL), promoted by Jagdishkumar M Gupta and his family, is a small civil engineering company focussed on construction of roads, flyovers, civil construction of buildings, irrigation projects and piling works. Operations are largely confined in Maharashtra and to a large extent in Mumbai. The company is a registered contractor with various government agencies.

JKIL had executed transportation contracts totaling Rs 83.95 crore and civil construction work amounting to Rs 13.78 crore end March 2007. The biggest project executed was the construction of a flyover covering Kalyan Naka junction to ST Depot junction in Thane District amounting to Rs 21 crore. The company has executed some irrigation projects in the Vidarbha region. Designing and construction of four flyovers at Dr Babasaheb Ambedkar Marg in Mumbai with project cost of Rs 111.90 crore is the biggest project in its unexecuted order backlog. This project was bagged by the 50:50 joint venture with Nagarjuna Construction Company (NCC).

About 69% (37% from road, and 32% from flyovers) of the revenues were from transportation projects in the six months ended September 2007. The share of the relatively better margin civil construction was 18% and of high margin piling business about 7%.

The current IPO is to fund the purchase of capital equipments, meeting working capital requirement and to achieve the benefits of stock-exchange listing. Purchase of Rs 50.84-crore capital equipment will be completely funded from the proceeds of the issue. About Rs 18 crore of the issue proceeds will be used to meet working capital requirement.

Strengths

Order book was Rs 461.15 crore end November 2007. Orders included new contracts and unfinished contracts. The current order book translates into four times the financial year ending March 2007 (FY 2007) revenue, providing strong revenue visibility.

Piling contracts is a high-margin business. Efforts to add another four piling rigs to the current fleet of 11 piling rigs using IPO proceeds are part of the scaling up operations. Contribution of piling operations to total revenue was about 7% in the half year ended September 2007 and FY 20’07 compared with just 4% in FY 2006 and nil in FY 2005. Moreover, the piling operation is also devoid of geographical-concentration risk. If the piling contracts business, a niche segment, can be scaled up, margin can improve.

Weaknesses

As the nature of contracts handled are not very complex, there is strong competition with lots of operators. This and the small size of operations is a concern. The ability to move up to higher ticket and complex jobs has to be seen.

Most of the construction operations are centered in Mumbai or Maharashtra. The geographical concentration raises concern on order flow, linked to policy, political and financial environment in the state.

The share of low-margin transportation projects in the current order book is over 78%.

Valuation

JKIL’s sales were up 391% to Rs 112.66 crore and net profit was higher by 642% to Rs 8.01 crore in FY 2007. On post-issue equity capital of Rs 20.72 crore, EPS for FY 2007 works out to Rs 3.9. At a offer price of Rs 110 to Rs 120, P/E is 28.2 to 30.8 times. In comparison, industry peers Roman Tarmat, PBA Infrastructure and Supreme Infrastructure are available at a PE of around 20 times FY 2007 earning.

Market to remain volatile - Jan 14 2008

Recent sell-off in US and European indices coupled with subdued Asian markets in morning trades may weigh on the local indices in early trades and thereafter could exhibit volatility during intra-day trades. However, a smart recovery in Friday's trades and the prevailing bullish trend may add to the market advantage and help the sentiment turn positive. Among the domestic indices, the Nifty could test 5,980 and below this level may slip to 5,675, while on the upside it could edge higher to 6,400. The Sensex has a likely support at 19,500 and may face resistance at 21,000. Among the major results, CMC, Exide Industries, Geometric and many more are expected to announce their quarterly numbers.

US indices tanked on Friday on revival of fearers of recession after American Express's profit warning and Merrill Lynch's potential $15 billion writedown. The Dow Jones fell 247 points to close at 12,606 and the Nasdaq ended 49 points lower at 2,440.

Most of the Indian ADR's fell on the US bourses. Infosys was the biggest loser and dropped over 6.30% followed by Satyam, Wirpo and VSNL declined over 5% each, while ICICI Bank, MTNL, Patni Computer, Tata Motors and HDFC Bank were down around 0.5%-1% each. However, Rediff soared over 2%.

Crude oil prices in the US market edged lower, with the Nymex light crude oil for February delivery was down by $1.20 to close at $92.69 per barrel. In the commodity segment, the Comex gold for February series surged by $4.10 to settle at $897.70 an ounce.

Market may edge lower

The market may edge lower tracking weak US markets. US stocks declined sharply on Friday, 11 January 2008 on a warning by American Express of mounting credit-card defaults and a slowdown in consumer spending. Dow Jones Industrial Average slumped 246.79 points, or 1.92%, at 12,606.30, Standard & Poor's 500 Index fell 19.31 points, or 1.36%, to 1,401.02 and Nasdaq Composite Index dropped 48.58 points, or 1.95%, at 2,439.94.

Asian markets were trading mixed today, 14 January 2008. Hong Kong's Hang Seng (down 0.12% at 26,836.09), South Korea's Seoul Composite (down 0.91% at 1,766.02) declined. However, Taiwan's Taiwan Weighted (up 1.65% at 8,162.12) and China’s Shanghai Composite (up 0.11% to 5,490.50), rose

Infrastructure Development Finance Company and CMC among others will declare their December 2007 quarterly results today.

Back home, the 30-share BSE Sensex rose 245.37 points or 1.19% to 20,827.45 on Friday 11 January 2008. The broader S&P CNX Nifty rose 43.15 points or 0.7% to 6,200.10 on that day

The two key indices, BSE Sensex and S&P CNX Nifty witnessed a divergent trend last week. While Sensex rose, Nifty declined. The 30-share BSE Sensex gained 140.56 points or 0.67% to 20,827.45 in the week ended Friday, 11 January 2008. The S&P CNX Nifty declined 74.20 points or 1.18% to 6,200.10 in the week.

As per provisional data, foreign institutional investors (FIIs) bought shares worth a net Rs 107.40 crore on Friday, 11 January 2008. Domestic institutional investors (DIIs) were net buyers of shares worth Rs 1.92 crore on that day.

FIIs were net sellers to the tune of Rs 463.45 crore in the futures & options segment on Friday, 11 January 2008. They were net sellers of index futures to the tune of Rs 776.64 crore and bought index options worth Rs 327.01 crore. They were net sellers of stock futures to the tune of Rs 13.26 crore and sold stock options worth Rs 0.56 crore.

Meanwhile, Industrial output rose 5.3% in November 2007 from a year earlier, well below market expectations and sharply lower than an upwardly revised annual growth of 12% in October 2007, data released on Friday, 11 January 2008, showed. Manufacturing production rose 5.4% in November 2007 from a year earlier, compared with a provisional annual growth of 13.3% in October 2007.

Annual inflation, based on the wholesale price index (WPI), remained unchanged at 3.5% in the week ended 29 December 2007 compared with the week ended 22 December 2007, as per data released on Friday, 11 January 2008. WPI was 5.89% in the corresponding week of the previous year.

Infosys Technologies - Jan 14 2008

Infosys Technologies - Jan 14 2008

Shortterm trading Calls - Jan 14 2008

Buy GT Offshore with a stop loss of Rs 950 for targets of Rs 1130 and Rs 1310

Buy Century Textiles with a stop loss of Rs 1100 for target of Rs 1350

Buy Ruchi Soya Industries only on declines with a stop loss of Rs 131 for a short-term target of Rs 164

Morning Call - Jan 14 2008

Market Grape Wine :

In House :

Nifty at a supp of 6110 and 6020 levels with resistance at 6247 and 6298 levels .

Sell : Intraday : ACC below 888 target 860 s/l of 896

Buy : in F&O Intraday : AxisBank : above 1175 target 1225 s/l of 1155

Buy : in F&O Intraday : RIL above 3140 target 3200 s/l of 3115

Out House :

Markets at a support of 20502 & 20341 levels with resistance at 20898 & 21020 levels .

Buy : RIL & REL at dips

Buy : RelCap

Buy : NTPC & JPHydro at dips

Buy : Geshipping & MundraPort

Buy : JyothyLab at dips

Buy : IBUllsreal & IBullsFin at dips

Buy : ITC at dips

Buy : SBIN & IciciBank

Buy : Religare at dips

Dark Horse : IciciBank , GEship , REL , JpAsso , IBullReal , RIL & SBIN

Grey Market - EMAAR MGF, Cords Cable, J Kumar Infraprojects

Future Capital Holdings 700 to 765 590 to 595


Reliance Power 405 to 450 360 to 370


SVPCL 42 DISCOUNT


Porwal Autocomponents 75 DISCOUNT ( Listing Today!)


J. Kumar Infraprojects 110 to 120 25 to 30


Cords Cable Ind. 125 to 135 35 to 40


Emaar MGF 725 to 850 400 to 450

Pre Market Watch - Jan 14 2008

The Indian market is likely to have positive opening as the Asian Market are trading mixed. On Friday, the Indian market closed on an upbeat note on the back of selective buying across the counters towards the end of the trading session. The market had slipped into the red in afternoon trade from an initial surge on thee back of less than expected industrial production data for the month of November 2007 that rose by 5.3%. The annual inflation, based on the wholesale price index (WPI) remained unchanged at 3.5% in the week ended 29 December 2007. The BSE Sensex closed higher by 245.37 points at 20,827.45 and NSE Nifty grew by 43.15 points to close at 6,200.10. We expect that the market may remain volatile during the trading session.

On Friday, the US market closed in deep red. The Dow Jones Industrial Average (DJIA) closed lower by 246.79 points at 12,606.30. S&P 500 index fell by 19.31 points at 1,401.02 and NASDAQ dropped by 48.58 points to close at 2,439.94

Indian ADRS closed in negative. In technology sector, Infosys fell by (6.30%) along with Satyam by (5.62%) and Wipro by (5.33%). In banking sector, HDFC bank and ICICI bank dropped by (1.18%) and (1.02%) respectively. VSNL decreased by (5.16%).

The major stock markets in Asia are trading mixed. Hang Seng is trading lower by 30.92 points at 26,836.09 and South Korea''s Seoul Composite is trading at 1,766.02 down by 16.25 points while Taiwan Weighted is trading higher by 132.81 points at 8,162.12

On Friday, the FIIs stood as net seller both in equity while net buyer in debt. The gross equity purchased was Rs4,334.20 Crore and the gross debt purchased was Rs580.60 Crore while the gross equity sold stood at Rs4,965 Crore and gross debt sold stood at Rs295.20 Crore. Therefore, the net investment of equity reported was (Rs630.80 Crore) and net debt was Rs285.40 Crore.

Today, Nifty has support at 6,102 and resistance at 6,269 and BSE Sensex has support at 20,467 and resistance at 21,028.

News Snippets - Jan 14 2008

News Snippets:

ONGC close to finalizing a stake sale in two of its blocks to BG; also in talks with US based Nobel Energy to offer stakes in some of its blocks.(BL)
JSW Bengal Steel likely to double the first phase capacity of its project to 6mn tons.(BS)
Reliance ADAG to invest Rs1.5tn in power, roads, metro rail and coal sectors in the next five years.(FE)
BSNL to launch full-fledged CDMA-based mobile services with an investment of US$500mn.to divest 20% stake in next 12 months.(ET)
Government plans to divest 10-15% stake in Air India through a public issue in the second half of 2008.(ET)
UTV Software has sought FIPB approval for raising funds.(BL)
Reliance Industries says it is ready to invest US$8bn to set up a pit-head coal-to-liquid plant in the command area of the Mahanadi Coalfields.(FE)
M&M to seek government support for roll out of Scorpio hybrid.(BL)
Unitech may hive off its telecom business.(ET)
Delhi High Court refuses to stay spectrum allotment to RCOM under dual technology.(TOI)
Adani Group’s arm to soon start work on its 1,320MW thermal power plant in Maharashtra; company has lined up Rs53bn for the plant.(BS)
Nalco signs MoU with the Indonesian government for a 0.5mn ton smelter and a 1,250 MW captive power plant.(ET)
Reliance Industries to venture into synthetic fuels through a US$6-8bn project.(DNA)
Future Group to invest Rs 3bn in Future Ventures India this year to facilitate acquisitions by the group.(ET)
GAIL and ONGC to work out an arrangement to market gas from the latter’s marginal field in Mumbai offshore.(BL)
Wockhardt plans demerger of new chemical entities (NCE); R&D division may include its in-licensed drugs from other companies and biotech drugs.(BS)
Kingfisher Airlines to buy five more Airbus A380s, spending an additional US$1.6bn on the aircraft.(Mint)
Ispat Industries has tied-up with Shell LNG to hike its sponge iron production capacity.(ET)
US based Forest Laboratories sues three Indian pharma companies, Orchid Chemicals, Lupin and Wockhardt for manufacturing imitations of patented drugs.(BS)
TVS Motor to miss its sales target for current fiscal by 100,000 units.(DNA)
Fortis Healthworld, a health product provider, plans to set up 200 health stores in west and south India over the next one year.(BS)
Inox to invest Rs1bn in Indiareit’s domestic unit.(ET)
US-based Clear Investments and Power Finance Corp to jointly float a US$1bn PE fund for the Indian power sector.(ET)
Mudra Lifestyle to expand manufacturing facilities with an investment of Rs1.7bn.(TOI)
Hinduja Group in association with ONGC to invest US$20bn for oil exploration in two fields in Iran, to set up a 15mn ton refinery in Kakinada and a LNG terminal at Mangalore.(BS)
Megasoft, a product based technology company, plans to acquire an European or US based company for US$50mn.(BS)
ICICI Bank may cut home loan rates, according to its CEO.(FE)
Punjab government receives two proposals worth Rs 24bn to set up SEZs from Ansal Properties & Infrastructure and Ishan Developers & Infrastructure.(BS)
Dolphin Offshore Enterprises plans to get into providing coast-to-coast shipping, light rig operations and harbour management services.(BS)
Essar group’s mobile phone chain targets Rs50bn in annual revenues by 2010.(BS)

Economic News

Direct tax collections registered 42.8% increase in the first nine months of current fiscal.(BL)
Passenger fares unlikely to increase in the coming rail budget.(FE)
RBI of the view that Temasek and GIC cannot be considered as separate entities as they belong to the same government.(BS)
A hike in fuel prices looks imminent after left leaders agree to marginal increases along with duty cuts.(FE)
The government has finalized the draft policy on solar energy and would roll out a solar city by next week.(ET)
Government considering 8% levy on annual gross revenue on telecom service providers for up to 5MHz of spectrum.(Mint)
TRAI to phase out access deficit charges from this year.(BL)
Investment in the construction sector is expected to rise 19% per annum to touch Rs3,034bn in the next two years.(ET)
Union Ministry of Labour decides to include hotel industry under the Factories Act.(Mint)
Government accepts a new policy under which entrepreneurs could acquire 70% of land directly from the farmers with their consent.(FE)
MCX to launch coal and electricity futures contracts this year.(FE)
Ministry of Information and Broadcasting has postponed FM radio auction indefinitely.(BS)
The railway ministry plans to expand the scope of the Wagon Investment Scheme to allow private players to own and design specialized wagons.(FE)