Good Evening - May 23 2007

Markets traded weak in opening trade despite positive global cues. But rupee appreciation (40.60/$) and upward journey of Crude Oil ($66.2/bbl) raised some concern. Nifty fell marginally after hitting a new lifetime high of 4277.80 in opening trade. Sensex and Nifty have gained 3.5% over the last four sessions. However, concerns over sustainability of the rise and a mixed trend in Asian markets also kept investors wary. At 10:30AM, Sensex was 14371.20, down 47.40 points or 0.3%. Nifty was at 4249.85, down 11.05 points or 0.3%. The CNX Midcap and S&P CNX 500 indices were down marginally. On the BSE, there were nearly as many advances as declines in the morning session. The worst hit frontline stocks were oil retailers BPCL, down 1.8% at Rs 386, and HPCL, down 1.6% at Rs 300. Oil marketing companies are likely to stay weak as crude oil is trading above $66 a barrel on NYMEX and is seen staying firm on worries that a report due later this week will show a fall in US gasoline inventories. Technology shares were among laggards, as the rupee remained strong against the dollar, currently trading at Rs 40.60 to $1. Infosys Technologies was down 1.2% at Rs 1,937, and HCL Technologies, down 1.2% at Rs 344. Sun Pharmaceutical Industries, up 3% at Rs 1,098, was the biggest Nifty gainer, extending Monday gains as the Rs 18.6 bn buy of Israel's Taro Pharmaceutical Industries is seen without equity dilution. Other gainers included Zee Entertainment Enterprises, up 3% at Rs 308, BHEL, up 1.8% at Rs 2,682, Tata Steel, and up 1.3% at Rs 631. In the mid trading session, indices were flat amid choppy trade on profit sales after four sessions of gains. Sensex was at 14410.89, down 7.71 points, or 0.1%. Nifty was at 4262.70, up 1.80 points, or 0.1%. Zee Entertainment, up 3%, was the top Nifty gainer. Sentiment for media shares was up amid positive news flows and as valuations are attractive. Raj TV touched upper circuit of 10% at Rs 26. Bajaj Auto, down 3% at Rs 2,178, was the worst hit on Nifty. Deutsche Bank Securities has downgraded the stock "sell" on lower valuations for its insurance segment. Marico was up 0.2% at Rs 60.50. 47 lakh shares changed hands in a block deal on BSE, NSE at Rs 60/sh. We also saw no of block deals in this counter. Spicejet was up 2.6% at Rs 46.70. The company expects to be breakeven in Apr-June 2007 quarter and plans to fly to 6 new destinations and to operate 150 flights/day by the end of this fiscal. It is also planning to acquire 8 Boeing aircrafts in FY08. Reliance Capital surged 5% to Rs 1,018 on reports it has made a profit of Rs 3.5 bn by selling its entire 5.79% stake in Reliance Energy for Rs 7.25 bn to promoters of Reliance Energy on Monday. Reliance Communications shares were trading 3% up at Rs 522 on a report on CNBC-TV18 that the company has cut its roaming rates by 70%. Bharat Forge was up 1.7% No. of Scrips Value (Crs.) Advances 539 8024 Declines 518 3373 Unchanged 26 7 Total 1083 11404 at Rs 341. In Q4, the company reported standalone net profit of Rs 64.3 cr Vs Rs 53 cr YoY. Whereas net sales stood at Rs 510 cr Vs Rs 438.4 cr. Mukand Ltd declined 5% at Rs 90.50 on bad quarter results. In Q4, the company reported net profit down at Rs 22 Vs Rs 27 cr. Nifty closed at a record high for the second straight session, settling marginally higher than Monday's finish, as investors were cautious due to worries over long-term sustainability of recent gains. Trade today was volatile due to alternate bouts of bottom fishing and profit sales. Firmness in other Asian markets provided support to key indices. After opening at alltime high, the Nifty succumbed to profit sales as some investors opted to stay on the sidelines. Sensex ended at 14453.72, up 35.12 points or 0.2%, after touching a low of 14348.26 and a high of 14483.59 intraday. Nifty ended at 4278.10, up 17.20 points or 0.4%. It moved between a low of 4234.10 and an all-time high of 4281.60 in the session. The combined turnover on the two exchanges was Rs 166 bn. CNX Midcap Index ended up 0.6% and S&P CNX 500 Index up 0.3%. The biggest sectoral gainer was BSE Capital Goods Index, up 0.6%. Media stocks took centre stage in today's trade amid some news-driven, stock specific activity. Zee Entertainment, up 4.5% at Rs 312, was the top Nifty gainer. Sentiment for media shares was up amid positive news flows and as valuations was attractive. Zee Entertainment gained on reports Telecom Regulatory Authority of India will review tariff of non-CAS (conditional access system) areas. Balaji Telefilms, up 2% at Rs 245, extended gains for second straight session. NDTV was up 2.4% at Rs 428. Shares of TV18 group companies hit upper circuit after the parent announced a 50-50 joint venture with Viacom Inc. called Viacom18. TV18 ended up 2.4% at Rs 868, Global Broadcast News up 5% at Rs 780, and Network 18 Fincap up 5% at Rs 601. Other Nifty gainers included Housing Development Finance Corp., up 4.3% at Rs 1,793, Reliance Communications, up 3.1% at Rs 523, and VSNL, up 2.9% at Rs 473. Reliance Communications gained on reports the company will add 20,000 towers in 2007-08 (Apr-Mar) and is also close to selling stake in its tower business. There is talk that the company will announce a 70% cut in its roaming rates. Reliance Capital rose 5.3% to Rs 1,020 on reports it has made a profit of Rs 3.5 bn by selling its entire 5.79% stake in Reliance Energy for Rs 7.25 bn to promoters of Reliance Energy on Monday. ABB ended up 2% at Rs 4,361 after winning a Rs 2.89 bn order from Delhi Metro Rail. Bajaj Auto, down 2.3% at Rs 2,196, was the worst hit in the Nifty, extending losses, as worries persist over the valuation of the company's stake in the insurance joint ventures with Allianz. SBI ended down 1.7% at Rs 1,326. Information technology shares were also weak, as the dollar remained weak against the rupee. Other losers included GACL, down 2% at Rs 116, and HPCL, down 1.7% at Rs 300. Shares of oil retailers fell as crude oil prices are holding above $66 a barrel on New York Mercantile Exchange. Everest Kanto Cylinder, which fell early today on a 50% on year decline in Jan- Mar net profit to Rs 51.2 mn, ended 1% up at Rs 1,155. Tech stocks ended down. Infosys was down at Rs 1946.75 with volumes of Rs 462 crs, TCS was down at Rs 1230.65 with volumes of Rs 189.67 crs, Satyam was down at Rs 450 with volumes of Rs 177.30 crs, and Wipro closed down at Rs 532.20 with volumes of Rs 55.27 crs. Pharma stocks witnessed positive trend with exception. Dr Reddy was down at Rs 662.40 with volumes of Rs 53.03 crs, Sun Pharma closed up at Rs 1090.40 with volumes of Rs 50.23 crs, Glenmark was up at Rs 681.15 with volumes of Rs 30.73 crs, and Ranbaxy closed up at Rs 399.75 with volumes of Rs 19.04 crs. Banking stocks ended mixed trend. In the Public Sector banks SBI closed down at Rs 1326 with volumes Rs 211.42 crs & Bank Of India closed up at Rs 213.10 with volumes Rs 48.06 crs. In the private sector ICICI Bank closed down at Rs 928.55 with volume of Rs 145.80 crs & Kotak Bank closed up at Rs 607.10 with volumes of Rs 93.75 crs. Auto Stocks witnessed mixed trend. Tata Motors closed down at Rs 726.95 with volumes of Rs.129.55 crs & M&M closed up at Rs 734.10 with volumes of Rs 59.39 crs. While in the 2 wheeler segment stocks, Bajaj Auto closed down at Rs 2195.85 with volumes of Rs 244.35 crs & TVS Motor closed up at Rs 65.10 with volumes of Rs 11.24 crs. Cement Stocks ended down with exception. GACL closed down at Rs 116.05 with volumes of Rs 62.23 crs, ACC closed up at Rs 890.55 with volumes of Rs 36.04 crs, India Cement closed down at Rs 190.50 with volumes of Rs 26.75 crs and Birla Jute closed down at Rs 255.35 with volumes of Rs 2.33 crs. Nifty ended at 4278 up by 17 points.

KRC - Good Evening - May 22 2007

KRC - Good Evening - May 22 2007

Good Evening - May 18 2007

Key share indices were up over 1% buoyed by gains in Asian and US indices. Bank shares extended gains from the previous session as analysts upgraded their ratings. SBI, up 3% at Rs 1,322 was the top Nifty gainer. ICICI Bank was up 2.5% at Rs 943 after Credit Suisse upgraded the stock to "neutral" rating from "sell". At 10:35AM, Sensex was 14295.51, up 168.20 points or 1.2%. Nifty was at 4211.05, up 40.00 points or 1%. The CNX Midcap Index and S&P CNX 500 Index were up 1% each. On BSE, advances led declines 3:1 in the morning session. Shares of oil retailers rebounded on a newspaper report the petroleum ministry is mulling a proposal to hike fuel prices due to rising global prices. HPCL was up 2.5% at Rs 305 and BPCL was up 2% at Rs 375. Tata Steel was up 2% at Rs 600 as the company is expected to report 50% on year rise in Jan-Mar net profit. VSNL was up 3% at Rs 467 on plans to enhance the footprint of its Wi-Fi services in India. NALCO, down 1% at Rs 254, was the worst hit on Nifty. Bajaj Auto was down 0.3% at Rs 2,672 ahead of its board meet that will detail the company's Jan-Mar earnings and mull demerger of its financial services and manufacturing business. Delhi-based real estate major Unitech was up 7% at Rs 572 on news of 10 block deals in the stock today. Suzlon Energy was 2% at Rs 1,156 after the company said it would raise $300 mn through foreign currency convertible bonds. The FCCBs have a maturity of 5 years and 1 day, and are convertible at Rs 1,800 a share, a 59% premium to Wednesday's closing price of Rs 1,134 on NSE. In the mid trading session, Markets gained further. At around 12.30PM, Sensex was up 193 points at 14320 levels. Nifty was trading at 4220 level, up 48 points. Though market breadth weakened as the A: D ratio declined to 1.2:1 for overall markets. The A: D ratio was 4.8:1 for Sensex and 6.1:1 for Nifty. Usha Martin was up 2.1% at Rs 247.50. In Q4, its net profit jumped 45% at Rs 29 cr from Rs 20 cr in Q4 last fiscal. The company also announced 1:5 stock split. Spicejet was up 1.8% at Rs 44.40. The airlines will raise $100 mn in Jun-Jul 2008 to fund aircraft buy. The company is fully funded for the current financial year. Unichem was up 0.7% at Rs 264. The company reported 20.5% jump in net profit at Rs 18.8 cr from Rs 13.5 cr in Q4 last fiscal. Orient Paper was up 4.5% at Rs 477. The company’s board will meet on May 24 to consider the price and record date for its Rs 175 cr rights issue. Bajaj Auto recouped losses and gained 2% at Rs 2,729 after it approved plan to demerge its manufacturing and financial services businesses. Bajaj Auto reported Jan-Mar net profit of 3.1 bn, down 11% on year. Shares of metal companies fell as zinc and copper prices declined in Shanghai on oversupply. NALCO and Sterlite Industries were down 1% each. Shares of Patni Computer Systems were up 9% at Rs 517 on talk the company may be bought over by IBM Key shares indices ended up over 1% led by gains in bank, oil and gas shares. Firm trend in No. of Scrips Value (Crs.) Advances 515 9585 Declines 547 2767 Unchanged 28 4 Total 1090 12356 Asian and European markets helped market rise. BSE Auto Index, down 1%, was the sole laggard among BSE sectoral indices, weighed down by 7% fall in Bajaj Auto shares. Bajaj Auto shares plunged 7% to Rs 2,504 on concerns the valuations of its insurance business would come off sharply if its partner Allianz SE hiked stake in the company to 50% from 26% now. Sensex ended at 14299.71, up 172.40 points or 1.2% from Wednesday. Intraday it moved between 14217.31 and 14352.98. Nifty ended at 4219.55, up 48.60 points or 1.2%. Intraday it moved between 4172.10 and 4232.45. Turnover on both the exchanges was roughly Rs 182 bn, compared to Rs 132 bn Wednesday. The CNX Midcap Index and S&P CNX 500 Index ended up 1%. Oil retailers were top gainers on Nifty on a newspaper report the petroleum ministry is mulling a proposal to hike fuel prices by Rs 1-2 per 1 L. HPCL, up 3.4% at Rs 307, was the top Nifty gainer. BPCL was up 3% at Rs 379.5. Banks shares ended up amid news of consolidation in the sector and as analysts upgraded their ratings. SBI was up 3.4% at Rs 1,327 and gained 8% since it got approval Tuesday to dilute its stake in its subsidiary banks to 51%. Tata Steel rose 2% to 598 rupees after it reported Jan-Mar net profit of Rs 11 bn, up 41% from a year ago. Dabur Pharma ended up 4% at Rs 68 after Jan-Mar net profit surged 13 times to Rs 27 mn from Rs 2.1 bn a year ago. Deccan Aviation surged 23% to Rs 145 on buying by hedge funds. Unitech gained 5.5% to Rs 565 on news of 10 block deals in the stock on NSE today. United Spirits surged 9% to Rs 974 after the company Wednesday acquired Glasgow-based Whyte & Mackay for 595 mn pounds. Bajaj Auto shares hogged the limelight today. The stock was slightly down due to the announcement of its demerger plans and Jan-Mar earnings. It shot up 2% after the company approved a proposal to set up two separate companies to split the group's automobile and finance businesses. All automobile businesses will be transferred to Bajaj Holdings and Investment Ltd., and wind power, insurance, consumer finance business to Bajaj Finserv Ltd. However, the share ended down 7%, worst hit on Nifty, after the company said cost pressure would continue for next two quarters. Today, the company posted a 11% on year fall in Jan-Mar net profit at Rs 3 bn. Shares of metal companies ended down as zinc and copper prices declined in Shanghai on oversupply of the metals. Sterlite Industries and NALCO were down 2% each, at Rs 558 and Rs 252, respectively. Siemens India ended down 2% at Rs 1,222 after gaining 3% in the last three sessions. Tech stocks ended up with exception. Infosys was up at Rs 1983.50 with volumes of Rs 423.45 crs, Satyam was up at Rs 452.55 with volumes of Rs 189.45 crs, Patni was up at Rs 514.75 with volumes of Rs 97.49 crs, and Rolta closed down at Rs 442.55 with volumes of Rs 95.19 crs. Pharma stocks witnessed mixed trend. Dr Reddy was up at Rs 678.45 with volumes of Rs 75.11 crs, Cipla closed down at Rs 208.50 with volumes of Rs 45.30 crs, Glenmark was up at Rs 668.05 with volumes of Rs 33.75 crs, and Ranbaxy closed down at Rs 394.75 with volumes of Rs 25.49 crs. Banking stocks ended up. In the Public Sector banks SBI closed up at Rs 1327.15 with volumes Rs 317.83 crs & Bank Of India closed up at Rs 208.10 with volumes Rs 50.64 crs. In the private sector ICICI Bank closed up at Rs 938.05 with volume of Rs 220.23 crs & HDFC Bank closed up at Rs 1042.05 with volumes of Rs 120.87 crs. Auto Stocks ended positive with exception. Tata Motors closed up at Rs 750.60 with volumes of Rs.115.03 crs & M&M closed up at Rs 728.10 with volumes of Rs 96.30 crs. While in the 2 wheeler segment stocks, Bajaj Auto closed down at Rs 2503.90 with volumes of Rs 490.37 crs & Hero Honda closed up at Rs 678.30 with volumes of Rs 8.59 crs. Cement Stocks ended positive. India Cement closed up at Rs 189.85 with volumes of Rs 39.62 crs, GACL closed up at Rs 123.40 with volumes of Rs 36.39 crs, ACC closed up at Rs 888.45 with volumes of Rs 33.86 crs and Shree Cement closed up at Rs 1110 with volumes of Rs 15.56 crs. Nifty ended at 4220 up by 49 points.

Good Evening - May 16 2007

Key indices were mixed early today amid volatile trade due to uncertain market direction. Weak cues from Asian and U.S. markets also played spoilsport. At 10:35AM, Sensex was 13976.91, up 12.12 points or 0.1% after touching a low of 13965.86. Nifty was at 4131.80, down 2.10 points or 0.1% after touching a high of 4150.45. The CNX Midcap Index was up 0.1% and S&P CNX 500 Index was down 0.1%. On BSE, advances led declines 1.2:1 in the morning session. HPCL, up 2% at Rs 295, was the top Nifty gainer on hopes the government may hike automobile fuel prices following conclusion of elections in Uttar Pradesh. BPCL was up 1.6% at Rs 372. MTNL, up 2% at Rs 157, was the other major Nifty gainer. Shares of metal companies were down as copper and nickel prices fell Monday on the LME. Sterlite Industries was down 1.5% at Rs 554. Suzlon Energy plunged 6% to Rs 1,173 after the company reported 3.4% on year decline in consolidated net profit for Jan- Mar quarter at Rs 3.6 bn. Voltas was up 2% at Rs 99 after the company reported Jan-Mar net profit of Rs 1.2 bn, up over 4 times from the year ago period. In the mid trading session, indices were down 0.6% on profit booking following weakness in Asian markets. Investors were cautious as a 3.5% fall in the Chinese share market today revived memories of a global sell-off in February, At around 12.50PM, Sensex was at 13910.92, down 54.94 points, or 0.4%. Nifty was at 4107.60, down 26.70, or 0.7%. Suzlon Energy, down 7% at Rs 1,168, was the worst hit on Nifty after consolidated net profit for Jan-Mar fell 3.4% from a year ago. BHEL was up 2% at Rs 546 as the company plans to enhance its manufacturing capacity to 15,000 MW a year with total investment of around Rs 32 bn. Thermax was down 3% at Rs 401 on reports Philadelphia-based water-treatment company Purolite has sued it for allegedly stealing intellectual property. Varun Shipping was 0.4% at Rs 54.60. The company acquired second 16000 BHP AHTSV. Lupin was up 2.1% at Rs 722. The company received USFDA approval for Simvastatin tablets. HOEC slipped 6% at Rs 91 on bad Q4 results. The company reported Net loss of Rs 9.82 crore vs loss of Rs 13.8 crore last year. Net sales stood at Rs 24.9 crore versus Rs 30 crore. Satyam was down 1.6% at Rs 454 on stronger rupee. Its BPO arm Nipuna has entered into an alliance with Phoenix Marketing International, one of the fastest growing marketing services firms in the United States, to launch a cost-effective, highly predictive modeling methodology - Customer Intelligence Program (CIP). Pyramid Saimira was up 0.8% at Rs 336. The company entered into a commercial arrangement with Vision Media Group (VMG) to acquire and distribute about 10 to 12 films from VMG. No. of Scrips Value (Crs.) Advances 694 7007 Declines 367 2142 Unchanged 26 16 Total 1087 9165 Key share indices ended down 0.3% as shares of technology companies extended losses for the second straight session due to a rising rupee. The session was volatile due to uncertain market direction. Key shares were also weighed down by weakness in overseas markets. Chinese market ended down 3.5% today on fears regulators would move in to cool the heated market. On Feb 27, the Chinese stock market fell 9% on fears its government may take measures to cool off equity markets. The fall in China triggered a sell-off in other markets across the world, including India. Sensex ended at 13929.33, down 36.53 points or 0.3% from Monday. Intraday it moved between 13885.46 and 14023.86. Nifty ended at 4120.30, down 14.00 points or 0.3%. Intraday it moved between 4102.45 and 4150.45. Turnover on both the exchanges was roughly Rs 132.3 bn, compared to Rs 126 bn Monday. The CNX Midcap Index was up 0.6% and S&P CNX 500 Index ended down 0.1%. HPCL, up 5% at Rs 302, was the top Nifty gainer on hopes the government may hike automobile fuel prices following conclusion of elections in Uttar Pradesh. BPCL rose 3% to Rs 376. BHEL was up 3% at Rs 2,523 as the company plans to enhance its manufacturing capacity to 15,000 MW a year with total investment of around Rs 32 bn. Sterlite Industries, which was down 1.5% earlier in the session, recouped losses and ended up 2% at Rs 575. SBI was up 1.8% at Rs 1,227. The Lok Sabha today passed a bill that will allow its seven associate banks to raise their authorized capital to Rs 5 bn, and make a provision for the parent bank to cut its minimum holding in these banks to 51% from the current 55%. Lupin gained 1% at Rs 716 on approval in the US for its abbreviated new drug application for Simvastatin tablets used for treatment of high cholesterol. Shringar Cement surged 20% to Rs 65 ahead of it Jan- Mar earnings and on talk of private placement at 8-10% premium to current market price. Suzlon Energy shares tumbled 9% to Rs 1,141 after its net profit for Jan-Mar quarter fell 3.4% on year to Rs 3.6 bn due to appreciation in the rupee. The rupee has risen more than 8% against the U.S. dollar so far in 2007.Technology shares fell on the strong rupee. Satyam Computer Services ended down 2% at Rs 453 and Wipro was down 1.7% at Rs 535. ONGC ended down 2% at Rs 889. The government today said the panel to select chairman and managing director of ONGC would meet shortly. GACL ended down 0.2% at Rs 123.5. Ambuja Cements changed hands in two block deals on BSE. of 1.74 mn shares. Reliance Industries ended down 1.3% at Rs 1,599 despite news the company has discovered gas in D6 Block in offshore Krishna Godavari basin. Tech stocks ended down. Infosys was down at Rs 1973.45 with volumes of Rs 215.28 crs, TCS was down at Rs 1238.05 with volumes of Rs 129.53 crs, Rolta was up at Rs 440.60 with volumes of Rs 90.10 crs, and Wipro closed down at Rs 535.05 with volumes of Rs 83.47 crs. Pharma stocks witnessed positive trend with exception. Dr Reddy was down at Rs 658.25 with volumes of Rs 104.86 crs, Cipla closed up at Rs 211 with volumes of Rs 40.37 crs, Ranbaxy was up at Rs 395.40 with volumes of Rs 37.54 crs, and Orchid Chemical closed up at Rs 274 with volumes of Rs 24.08 crs. Banking stocks showed buying opportunity. In the Public Sector banks SBI closed up at Rs 1227.45 with volumes Rs 269.21 crs & Bank Of India closed up at Rs 204.40 with volumes Rs 80.03 crs. In the private sector ICICI Bank closed up at Rs 886.85 with volume of Rs 151.77 crs & HDFC Bank closed up at Rs 1011.05 with volumes of Rs 55.24 crs. Auto Stocks ended negative. M&M closed down at Rs 716.25 with volumes of Rs.59.61 crs & Tata Motors closed down at Rs 714.35 with volumes of Rs 46.74 crs. While in the 2 wheeler segment stocks, Bajaj Auto closed down at Rs 2635.70 with volumes of Rs 78.02 crs & Hero Honda closed down at Rs 697.60 with volumes of Rs 14.04 crs. Cement Stocks witnessed mixed trend. GACL closed up at Rs 123.40 with volumes of Rs 61.49 crs, ACC closed up at Rs 875.80 with volumes of Rs 41.34 crs, India Cement closed down at Rs 183 with volumes of Rs 39.23 crs and Birla Jute closed down at Rs 233.75 with volumes of Rs 1.11 crs. Nifty ended at 4120 down by 14 points.

Good Evening - May 14 2007

Good Evening - May 14 2007

Good Evening - May 11 2007

Good Evening - May 11 2007

Good Evening - May 10 2007

Good Evening - May 10 2007

Good Evening - May 9 2007

Good Evening - May 9 2007

Good Evening - May 08 2007

Key indices were up nearly 1% buoyed by the firm trend in Asian and U.S. markets amid speculation the US Federal Reserve would leave interest rates unchanged at its meet Wednesday. Oil retailers were top gainers on Nifty, as crude oil prices Friday tumbled below $64 a barrel on New York Mercantile Exchange due to rising US inventories. At 10:30AM, Sensex was 14022.08, up 87.81 points or 0.7%. Nifty was at 4145.55, up 28.50 points or 0.7%. The CNX Midcap Index was up 0.5% and S&P CNX 500 Index was up 0.7%. On BSE, advances led declines 3:1 in the morning session. BPCL and HPCL, up over 3% each, at Rs 287 and Rs 345 respectively, were top Nifty gainers. Reliance Industries, which shed 3% on Friday, was up 2% at Rs 1,614. Reliance Industries will appeal in a day or two against a court order that restrains it from selling gas intended for Reliance Natural Resources, to a third party. Technology shares were major laggards on Nifty amid concern the earnings in the sector would be hit as the rupee has appreciated 9% against the dollar so far this year. Satyam Computer Services, down 1% at Rs 465, was the worst hit on Nifty. Infosys Technologies was down 0.6% at Rs 2,058. ONGC was down 1% at Rs 918. A newspaper report today said the government is considering a proposal to appoint an independent consultant to assess the level of technology employed by the company. Shares of Tech Mahindra were up 1.3% at Rs 1,670.10 ahead of its Jan-Mar earnings to be detailed after markets hours today. Key indices were off highs midway through the session on decline in technology shares. Sensex, Nifty were up 0.3% each compared to 1% earlier in the day. However, gains in index heavyweight Reliance Industries and oil retailers kept indices in positive territory. At around 1.20PM, Sensex was at 13957.67, up 25.42 points. Nifty was at 4129.00, up 11.65 points. Oil retailers were top gainers on Nifty as crude oil eased below $64 a barrel. BPCL and HPCL were up 2.5% each. Technology shares fell, as the rupee remained strong. Satyam Computer Services was down 2% at Rs 462. Shares of Deccan Aviation were down 4.9% at Rs 109 on profit sales, after the recent rally on the back of reports Vijay Mallya promoted-Kingfisher Airlines mulls buyout of low-cost airline Air Deccan. Maruti Udyog was up 0.4% at Rs 810.80 after the company priced its SX4 sedan at Rs 618,000-Rs 724,000. Shares of GSFC fell 6.4% to Rs 169 after it Saturday reported a 50% year-on-year decline in Jan-Mar net profit to Rs 512 mn. Key indices made a firm start today buoyed by firm Asian and U.S. markets but could not hold on to gains and ended down 0.4% on profit sales. Sensex ended at 13879.25, down 55.02 points, or 0.4%, from Friday. It shot up to 14067.07 earlier in the day. Nifty ended at No. of Scrips Value (Crs.) Advances 429 4195 Declines 615 4471 Unchanged 35 6 Total 1079 8672 4111.15, down 6.20 points, or 0.2%. It touched an intraday high of 4157.65. Turnover on both the exchanges was roughly Rs 131.6 bn compared with Rs 136.7 bn Friday. CNX Midcap Index touched an all-time-high of 5,393.15 points. It ended down 0.6% at 5313.65 points. S&P CNX 500 Index ended down 0.3% BSE Oil and Gas Index ended up 1%, the top gainer among BSE sector indices, on rise in buying in oil retailers and index heavyweight Reliance Industries. Oil retailers were top Nifty gainers as crude oil prices fell for the sixth session and the rupee strengthened to a fresh nine-year high against the dollar. A stronger rupee lowers the cost of crude import for oil refiners. BPCL and HPCL ended up 4% each, at Rs 350 and Rs 289, respectively. Reliance Industries ended up 1.5% at Rs 1,607 on value buying after falling 3% in the previous session. Reports that the company will appeal this week against Bombay High Court's order that restrained it from selling gas pledged to Anil Ambani's Reliance Natural Resources offered respite to investors. Patel Engineering gained 6% at Rs 368 and Pratibha Industries rose 5% to Rs 2,219 after a joint venture of the two companies won a Rs 1.57 bn construction order from the Brihanmumbai Municipal Corp. Bosch Chassis Systems India ended up 1% at Rs 986 after it announced a 1-for-1 bonus share issue. Technology shares were major laggards on Nifty as the rupee touched nineyear highs against the dollar. Wipro ended down 3% at Rs 553 and Satyam Computer Services ended down 2% at Rs 461. BSE IT Index, down 1.4%, was the worst hit among BSE indices. PNB, down 3% at Rs 494, was the worst hit on Nifty. It has raised interest rates for home loans above Rs 2 mn by 100 basis points. Maruti Udyog was up ended down 0.3% at Rs 805 on profit sales. The company priced its SX4 sedan at Rs 618,000-Rs 724,000. Hindalco Industries ended down 2% at Rs 145. The company Friday reported Jan- Mar net profit at Rs 7.2 bn, up 15% from a year ago. Hindustan Zinc that rose 3% after it Saturday hiked prices of its primary high-grade products by Rs 6,900 per 1 tn to Rs 180,900, ended down 2% at Rs 723 on profit sales. GSFC fell 7% to Rs 169 after it Saturday reported a 50% YoY decline in Jan-Mar net profit to 512 mn. Tech Mahindra ended down 1.4% at Rs 1,625 ahead of its Jan-Mar earnings to be detailed after markets hours today. Tech stocks ended down with exception. Infosys was down at Rs 2041.85 with volumes of Rs 198.34 crs, TechM was down at Rs 1625.10 with volumes of Rs 196.73 crs, TCS was down at Rs 1272.90 with volumes of Rs 176.93 crs, and Rolta closed up at Rs 474.60 with volumes of Rs 154.06 crs. Pharma stocks witnessed mixed trend. Ranbaxy was up at Rs 391.40 with volumes of Rs 51.90 crs, Dr Reddy closed down at Rs 703.55 with volumes of Rs 36.82 crs, Cipla was down at Rs 214.85 with volumes of Rs 34.83 crs, and Sun Pharma closed up at Rs 1012.50 with volumes of Rs 10.16 crs. Banking stocks showed negative trend with exception. In the Public Sector banks SBI closed down at Rs 1119.65 with volumes Rs 85.26 crs & PNB closed down at Rs 493.75 with volumes Rs 25.64 crs. In the private sector UTI Bank closed up at Rs 506.60 with volume of Rs 235.64 crs & ICICI Bank closed down at Rs 843.75 with volumes of Rs 138.89 crs. Auto Stocks ended down with exception. Tata Motors closed down at Rs 728.30 with volumes of Rs.132.12 crs & M&M closed down at Rs 775.75 with volumes of Rs 27.33 crs. While in the 2 wheeler segment stocks, Baja Auto closed down at Rs 2566.85 with volumes of Rs 27.27 crs & Hero Honda closed up at Rs 706.05 with volumes of Rs 11.49 crs. Cement Stocks witnessed negativity with exception. GACL closed down at Rs 120.10 with volumes of Rs 66.27 crs, India Cement closed down at Rs 183.80 with volumes of Rs 52.44 crs, ACC closed up at Rs 862.25 with volumes of Rs 46.60 crs and Birla Jute closed down at Rs 239.05 with volumes of Rs 1.39 crs. Nifty ended at 4111 down by 6 points.

Good Evening - May 07 2007

Key indices were marginally down today on profit sales in shares of technology companies and index heavyweight Reliance Industries. The session was volatile as investors booked profits after the 1.5% rise in the previous session and on caution ahead of the weekend. Shares of cement companies were top Nifty gainers after the government Thursday modified the duty structure for the commodity and replaced the fixed Rs 600 per 1 tn excise duty with a 12% ad valorem rate on retail sales price. ACC and Grasim Industries were up 2% each, at Rs 869 and Rs 2,536 respectively. At 10:39AM, Sensex was 14060.10, down 18.11 points or 0.1%. Nifty was at 4145.15, down 5.70 points or 0.1%. The CNX Midcap Index was up 0.4% and S&P CNX 500 Index was up 0.2%. On BSE, advances equalled declines in the morning. Shares of technology companies were major laggards on Nifty as investors booked profits after two sessions of gains as the rupee strengthened against the dollar. Satyam Computer Services at Rs 472 and Wipro at Rs 564 were down 1% each. Reliance Industries, down 2% at Rs 1,595, was the worst hit on Nifty on profit sales after rising 4% in the previous session. SBI was up 2% at Rs 1,149 on hopes the bank would report robust Jan-Mar earnings. In the mid trading session, indices were down nearly 1% amid choppy trade on profit sales and as heavyweight Reliance Industries fell 2.5% on a court order preventing it from selling natural gas committed to Reliance Natural Resources to a third party. Market briefly recovered and was up 0.2% after inflation rate for week to Apr 21 fell to 5.77% from 6.09% week ago and 5.87% estimated, but succumbed to profit sales later. At around 1.05PM, Nifty was at 4123.50, down 27.35 points or 0.7%. Sensex was at 13975.91, down 103.47 points or 0.7%. Consumer durables shares rose on removal of customs duty on refrigerated trucks used for transporting perishable food items. Technology shares fell on appreciation in rupee and as tax on employee stock options will remain. Satyam Computer Services was down 2%. Shares of HLL were up 1.4% at Rs 198.50 after Finance Minister P. Chidambaram said the government will not re impose customs duty on palm oil till its price stabilises. Shares of IndusInd Bank were up 6.9% at Rs 48.50 on talk the bank is likely to sell some stake to a private entity. Shares of PSL were up 4.6% at Rs 228 on news its joint venture with the U.S.-based A&L Group has got 382 ha land in Mississippi, U.S., to set up a greenfield facility for making steel pipes. Key indices shed 1% today amid volatility, with Sensex closing below the level of 14000 on profit sales and index heavyweight Reliance Industries declining by nearly 3%. Shares recovered briefly and were up 0.2% after the inflation rate for the week to Apr 21 fell to 5.77% from 6.09% week ago, lower than the estimate of 5.87%, but shed gains soon after No. of Scrips Value (Crs.) Advances 410 4726 Declines 644 4654 Unchanged 27 20 Total 1081 9400 Positive cues from Asian markets could also not give support to domestic equities. Key Asian indices touched new highs, buoyed by firm metal prices. Sensex ended at 13934.27, down 143.94 points, or 1.0% from Thursday. Intraday, it moved between 13912.92 and 14189.21 points. Nifty closed at 4117.35, down 33.50 points, or 0.8%. Intraday, it moved between 4109.70 and 4180.90 points. Turnover on BSE and NSE combined was roughly Rs 136.7 bn, almost unchanged from Rs 137.5 bn on Thursday. The CNX Midcap Index was up 0.2%, while the S&P CNX 500 Index was down 0.6%. Reliance Industries fell on profit sales after the Bombay High Court Thursday restrained the company from selling 28 mn cu m per day of natural gas - committed to Reliance Natural Resources - to a third party. The RIL stock ended 2.6% down at Rs 1,584. Shares of information technology companies also declined, as investors booked profits with the rupee appreciating against the dollar. Satyam Computer Services was down 2% at Rs 470, while TCS shed 1% at Rs 1,273. BPCL, down 3% at Rs 336, was the worst-hit among Nifty stocks on profit sales. The stock had gained 4% on Thursday. BPCL will sell around Rs 7 bn worth of oil bonds in the secondary market today. HDFC ended 2.5% down at Rs 1,638. HDFC Thursday reported Jan-Mar net profit of Rs 5.5 bn, up 29% YoY. Cement shares, which were top Nifty gainers earlier in the day, ended down on profit sales. Grasim Industries and Ambuja Cements ended up 1% each, at Rs 2,475 and Rs 120. ACC shares managed to end up 1% at Rs 859, but off the day's high of Rs 880. Cement shares rose in early trade after the government Thursday replaced the fixed excise duty of Rs 600 per 1 tn with a 12% ad valorem duty to be paid on the retail sales price of cement. GAIL India, up 4% at Rs 310, was top Nifty gainer. Index heavyweight, ONGC, ended up 1% at Rs 929. The company Thursday said it will resume talks on the Barmer refinery with the Rajasthan government. Cipla shares ended 3% up at Rs 217 on value buying. The stock has fallen 16% since the company on Apr 27 reported a 34% YoY decline in Jan-Mar net profit due to the rise in raw material cost. Hindalco Industries rose 2% at Rs 148 on a 15% YoY rise in Jan-Mar net profit at Rs 7.2 bn. Reliance Natural Resources gained 3% at Rs 27 on hopes it will get more than the required gas from Reliance Industries, and can sell the excess gas in the open market at a higher rate, Shares of Videocon Industries, Unitech, and Aditya Birla Nuvo ended up 3-7% after they were included in the MSCI India index. Tech stocks ended mixed trend. TechM was up at Rs 1648.90 with volumes of Rs 236.99 crs, TCS was down at Rs 1273.05 with volumes of Rs 228.43 crs, Infosys was down at Rs 2071.90 with volumes of Rs 190.12 crs, and Rolta closed up at Rs 439.90 with volumes of Rs 71.96 crs. Pharma stocks witnessed mixed trend. Cipla was up at Rs 217.35 with volumes of Rs 61.53 crs, Ranbaxy closed down at Rs 381.75 with volumes of Rs 28.69 crs, Dr Reddy was up at Rs 719.05 with volumes of Rs 26.51 crs, and Sun Pharma closed down at Rs 1001.45 with volumes of Rs 16.68 crs. Banking stocks showed mixed trend. In the Public Sector banks SBI closed up at Rs 1128.30 with volumes Rs 157.72 crs & Bank Of India closed down at Rs 194.35 with volumes Rs 58.87 crs. In the private sector ICICI Bank closed down at Rs 855.85 with volume of Rs 197.15 crs & UTI Bank closed up at Rs 480.10 with volumes of Rs 138.46 crs. Auto Stocks ended down with exception. Tata Motors closed down at Rs 731.50 with volumes of Rs.100.25 crs & M&M closed down at Rs 790.05 with volumes of Rs 55.82 crs. While in the 2 wheeler segment stocks, Baja Auto closed up at Rs 2567.40 with volumes of Rs 63.77 crs & Hero Honda closed down at Rs 699.45 with volumes of Rs 13.70 crs. Cement Stocks witnessed positive trend with exception. GACL closed down at Rs 120.25 with volumes of Rs 81.94 crs, India Cement closed up at Rs 184.20 with volumes of Rs 69.59 crs, ACC closed up at Rs 859.50 with volumes of Rs 55.15 crs and Birla Jute closed up at Rs 244 w i t h v o l u mes of Rs 4.08 crs. Nifty ended at 4117 down by 34 points.

Good Evening - Apr 30 2007

Key indices opened down nearly 1% as investors booked profits following the 4.5% gain in indices in the last five sessions. Weak Asian markets also hit sentiment. Asian markets were weak today due to a slide in metal prices and on concerns over Japan's economic growth. Bank of Japan today kept its overnight call rate unchanged. Profit sales after five straight sessions of gains and weakness in Asian market dragged Sensex and Nifty nearly 1% early today. The Nifty was weighed down by Cipla shares, which fell 14% to Rs 218 after the company Thursday reported a 34% drop in Jan-Mar net profit to Rs 1.26 bn. Citigroup has reduced the stock's target price to Rs 170. At 10:36AM, Sensex was 14089.57, down 139.37 points or 0.9%. Nifty was at 4135.85, down 42.00 points or 1.0%. The two indices have gained 4.5% over the last five sessions and are now nearing record highs touched in February. Investors here also unwound positions ahead of the weekend. The CNX Midcap Index was flat and S&P CNX 500 Index down 0.6%. On the BSE, there were 725 advances and 821 declines in morning session. Reliance Industries was down on profit sales after reporting better-than-expected Jan-Mar earnings Thursday. Among Nifty gainers: Ranbaxy Lab was up 1.1% at Rs 375, Wipro rose 1.0% to Rs 569, and Tata Motors was up 0.8% at Rs 773. Ranbaxy Lab gained ahead of its Jan-Mar earnings later today. The company's net profit is seen growing 76% on year to Rs 1.2 bn. Automobile shares extended gains as concerns over high interest rates cutting into demand and profits have slightly eased after the RBI left its key rates unchanged at its policy review Tuesday. The BSE Auto Index gained 1%. Investors will eye the inflation rate for week to Apr 14 and earnings of Bharti Airtel for further cues. In the mid trading session, indices were down 2%. Profit sales, after recent gains, and weakness in Asian markets .Sentiment was not affected even as inflation for the week to Apr 14 remained unchanged at 6.09%, against expectations of a rise to 6.14%. At 1:50PM, BSE Sensex was at 13976.08, down 252.80 points, or 1.8% from Thursday. NSE Nifty was at 4100.90, down 76.95 points, or 1.8%. Ranbaxy Laboratories was down 1% after it reported Jan-Mar earnings that missed street estimate. The company's net profit for the quarter was Rs 1.15 bn, up 129% on year. The BSE Healthcare Index shed 4%. Sterlite Industries was down 3% ahead of its March quarter earnings Thursday. Hindustan Zinc, from which Sterlite derives 70% of its profit, Thursday reported fourth quarter earnings below analysts' estimates. Among the few gainers, Siemens India gained 1.3%, Satyam Computer rose 1.4%, while Maruti Udyog rose 1%. Cipla, down 15%, was worst-hit among Nifty stocks. Reliance Industries shares were down 2.5% at Rs 1,555 due to profit-booking. No. of Scrips Value (Crs.) Advances 277 1894 Declines 767 6173 Unchanged 27 81 Total 1071 8148 Bharti Airtel fell 2% to Rs 844 after the company said average revenue per user for Jan-Mar quarter declined 5% from the previous quarter to Rs 406. Key indices ended down 2.4% as investors sold shares of pharmaceutical companies and heavyweights like ONGC, and Tata Steel. Today, Nifty fell more than 2% due to heavy selling in shares of pharmaceutical companies and index heavyweights. Weakness in Asian markets and lack of buying due to caution ahead of the weekend worsened the fall. Today, Bank of Japan left its overnight call rates unchanged. The finance minister and RBI officials meet later today to discuss ECB inflows, according to reports. Sensex ended at 13908.58, down 320.30 points or 2.3%, after touching a low of 13884.53 and a high of 14219.25 intraday. Nifty ended at 4083.50, down 94.35 points or 2.3%. It moved between a low of 4074.30 and a high of 4182.00. The combined turnover on both exchanges was 120 bn. The CNX Midcap Index was down 1% and S&P CNX 500 Index was down 2%. .Pharmaceutical shares were the worst hit in the Nifty after Cipla late Thursday reported Jan-Mar earnings that missed street expectations. The company's net profit for the March quarter was 1.3 bn, down 34%. Cipla shares ended at Rs 217, down 14%, the worst hit in the Nifty. Ranbaxy Laboratories erased the session's losses to end nearly flat at Rs 371. The company reported Jan-Mar net at Rs 1.15 bn, marginally above estimates. The BSE Healthcare Index ended down 4%. Some of the biggest losers today were heavyweights ONGC, down 3.3% at Rs 926, Tata Steel, down 4.1% at Rs 537, and Reliance Industries, down 3.6% at Rs 1,539. Sterlite Industries, which derives 70% of its profits from Hindustan Zinc, fell as Hindustan Zinc Thursday reported Jan-Mar earnings below analysts' estimates. Sterlite details fourth quarter results Thursday. Among the rare gainers, ABB was up 1% at Rs 4,141, extending gains on robust March quarter earnings detailed Wednesday. Tech stocks ended in mixed trend. Infosys was down at Rs 2005.15 with volumes of Rs 330.41 crs, Satyam was up at Rs 467.85 with volumes of Rs 159.98 crs, TCS was down at Rs 1234.50 with volumes of Rs 147.62 crs, and Wipro closed up at Rs 565.75 with volumes of Rs 52.64 crs. Pharma stocks ended negative with exception. Cipla was down at Rs 217.10 with volumes of Rs 406.56 crs, Ranbaxy closed up at Rs 370.70 with volumes of Rs 65.23 crs, Dr Reddy was down at Rs 701.55 with volumes of Rs 27.86 crs, and Sun Pharma closed down at Rs 1038.05 with volumes of Rs 14.08 crs. Banking stocks showed negativity with exception. In the Public Sector banks SBI closed down at Rs 1101.65 with volumes Rs 166.40 crs & Bank Of India closed down at Rs 195.70 with volumes Rs 60.37 crs. In the private sector ICICI Bank closed down at Rs 935.15 with volume of Rs 117.07 crs & Kotak Bank closed up at Rs 521.55 with volumes of Rs 68.97 crs. Auto Stocks ended down. Tata Motors closed down at Rs 749.35 with volumes of Rs.143.63 crs & M&M closed down at Rs 762.25 with volumes of Rs 68.24 crs. While in the 2 wheeler segment stocks, Baja Auto closed down at Rs 2456.30 with volumes of Rs 62.28 crs & Hero Honda closed down at Rs 667.40 with volumes of Rs 11.43 crs. Cement Stocks witnessed negative trend. ACC closed down at Rs 822.45 with volumes of Rs 62.73 crs, India Cement closed down at Rs 176.35 with volumes of Rs 42.63 crs, GACL closed up at Rs 117.35 with volumes of Rs 28.07 crs and Shree Cement closed down at Rs 1050.05 with volumes of Rs 7.06 crs. Nifty ended at 4084 down by 94 points

Good Evening - Apr 27 2007

Key indices were up 1% on upbeat sentiment as Jan-Mar results from corporate India continued to be robust. Short covering on expiry of April derivatives contract and overnight rally in U.S. indices also boosted gains. Strength in U.S. and Asian equities also kept sentiment upbeat. At 10:20AM, Sensex was 14342.70, up 124.93 points or 0.9%. Nifty was at 4206.20, up 38.90 points or 0.9%. The CNX Midcap Index was up 0.8% and S&P CNX 500 Index up 1.0%. On the BSE, there were around four advances for every decline in morning. The BSE Healthcare Index, up 1.1%, gained the most among sector indices. The biggest Nifty gainers were: Grasim Industries, up 3.3% at Rs 2,518, Glaxosmithkline Pharmaceuticals, up 2.4% at Rs 1,245, and Zee Entertainment Enterprises, up 1.8% at Rs 293. Grasim gained as the company Wednesday reported Jan-Mar net profit at Rs 4.74 bn, up 81% on year and higher than street expectations. Reliance Industries was up 1.5% at Rs 1,622. The only Nifty laggards were: Hero Honda Motors, down 1.2% at Rs 686, HDFC, down marginally at Rs 1,749 and HCL Technologies nearly flat at Rs 333. Tata Tea shares, which gained 15% Wednesday, were up 6% at Rs 818 extending gains on news. The Coca Cola Company is making a bid for Energy Brands, in which Tata Tea has 30% stake. Technology shares are likely to stay weak and may fall later in the session as the rupee has risen to 40.75 per $1 today against 40.91 per $1 Wednesday. In the mid trading session, indices were up nearly 1%, as the sentiment remained upbeat on robust Jan-Mar corporate earnings. Short covering on the April contract's expiry also boosted gains. At around 1.30PM, Sensex was at 14296.04, up 78.27 points, or 0.6% from Wednesday's Close. NSE Nifty was at 4196.15, up 28.85 points, or 0.7%. ABB was off lows after it reported Jan-Mar net profit of Rs 866 mn, up 69% from a year ago and higher than analysts' average estimate of Rs 731 mn. The stock was down 0.2% at Rs 4,037. Suzlon Energy, up 3% at Rs 1,224, was top Nifty gainer. Hero Honda, down 4% at Rs 669, was worst-hit among Nifty stocks. ABB was trading flat at Rs 4046 despite good results. In Q1, its net profit jumped to Rs 86.6 cr Vs Rs 51.3 cr. Revenue stood at Rs 1327.6 cr Vs Rs 802.91 cr. Vijaya Bank was trading very strong at Rs 50, up 10%. The bank will set up 350 new ATMs during the next fiscal from 170 ATMs now. Hindalco was down 0.3% at Rs 149. As per market report, Hindalco has bid for 88% stake in Bosnia�s aluminium smelter Aluminij Mostar which is valued at $ 104.8 mn. 7 other companies are there in race. Ranbaxy was up 0.5% at Rs 371.50. The company received final USFDA approval to manufacture and market $2.12bn drug Zolpidem tablets in US. Dr. Reddy was trading strong at Rs 723, up 2%. Australia�s Alchemia ties up with Dr. Reddy for marketing synthetic Heparin. The market size of synthetic Heparin is $ 3.7bn. No. of Scrips Value (Crs.) Advances 525 8421 Declines 524 3284 Unchanged 25 40 Total 1074 11745 Key indices ended nearly flat today as investors unwound long positions on the expiry of April derivatives contracts. Shares had opened over 1% higher on the back of firm global equities and earnings optimism as most Jan-Mar results have been ahead of expectations. However, losses in heavyweights ONGC, Reliance Industries, and Tata Steel, dragged the Sensex and Nifty off highs midway through the session. "Indices were volatile today as there was very little short covering left in the market and rollover activity was high Sensex ended at 14228.88, up 11.11 points or 0.1%, after touching a low of 14127.18 and a high of 14383.72 intraday. Nifty ended at 4177.85, up 10.55 points or 0.2%. It moved between a low of 4143.25 and a high of 4217.90 in the session. CNX Midcap Index ended down 0.5% and S&P CNX 500 Index up marginally. The BSE Capital Goods Index was the biggest sectoral gainer, up 1%. HPCL, up 3.6% at Rs 271, and BPCL, up 3.1% at Rs 339, were two of the biggest Nifty gainers as crude oil prices eased 18 cents to $65.66 a barrel on the New York Mercantile Exchange. Grasim Industries ended at Rs 2,509, up 3% after reporting robust March quarter earnings Wednesday. However, the rise in the stock's price is likely to be limited as cement shares are likely to be under pressure this year due to restrictions on pricing freedom. Shares of ABB rose 1.3% to Rs 4,096 after Jan-Mar net profit rose 69% on year to Rs 866 mn. The company's order book stands at a robust 42.60 bn. Cholamandalam DBS Finance shares were at Rs 26, hitting 10% upper circuit after the company's Jan-Mar profit more than trebled to 154.9 mn. HCL Technologies, down 2.4% at Rs 325, and Hero Honda Motors, down 1.9% at Rs 681, were the worst hit in the Nifty. Nifty heavyweight ONGC ended down 1.4% at Rs 958. The company may buy up to 33% in an Egyptian gas block from Royal Dutch Shell, Reliance Industries ended down 0.5% at Rs 1,590 ahead of its Jan-Mar earnings announcement. Tech stocks ended in mixed trend. Infosys was down at Rs 2018.85 with volumes of Rs 292.83 crs, TCS was up at Rs 1240.40 with volumes of Rs 183.34 crs, Satyam was down at Rs 461.40 with volumes of Rs 176.41 crs, and Wipro closed up at Rs 563.65 with volumes of Rs 124.01 crs. Pharma stocks ended positive. Ranbaxy was up at Rs 370.40 with volumes of Rs 98.41 crs, Dr Reddy closed up at Rs 716.65 with volumes of Rs 72.03 crs, Cipla was up at Rs 253.40 with volumes of Rs 64.95 crs, and Sun Pharma closed up at Rs 1072.50 with volumes of Rs 28.88 crs. Banking stocks showed buying opportunity. In the Public Sector banks SBI closed up at Rs 1145.30 with volumes Rs 144.61 crs & PNB closed up at Rs 511.60 with volumes Rs 83.21 crs. In the private sector ICICI Bank closed up at Rs 961.45 with volume of Rs 211.84 crs & HDFC Bank closed up at Rs 1034.45 with volumes of Rs 130.44 crs. Auto Stocks ended up. Tata Motors closed up at Rs 766.60 with volumes of Rs.163.67 crs & M&M closed up at Rs 766.60 with volumes of Rs 82.41 crs. While in the 2 wheeler segment stocks, Baja Auto closed up at Rs 2497 with volumes of Rs 62.21 crs & Hero Honda closed up at Rs 681.15 with volumes of Rs 28.66 crs. Cement Stocks witnessed positivity with exception. India Cement closed up at Rs 184.35 with volumes of Rs 99 crs, GACL closed down at Rs 119.25 with volumes of Rs 81.65 crs, ACC closed up at Rs 830.85 with volumes of Rs 65.62 crs and Birla Jute closed up at Rs 236.55 with volumes of Rs 1.89ss crs. Nifty ended at 4178 up by 11 points

Good Evening - Apr 25 2007

Key indices were down marginally amid choppy trade as investors booked profits at every rise ahead of RBI's monetary policy announcement around noon. The RBI is expected to hold rates steady in its annual monetary policy meet as the current cycle of rate hikes has not completely seeped into the economy. However, some investors are worried that a rise in inflation rate to 6% again may force the central bank's hand otherwise. At 10:16AM, Sensex was 13939.83, up 11.50 points or 0.1%. Nifty was at 4091.10, up 6.00 points or 0.1%. The CNX Midcap and S&P CNX 500 indices were nearly flat. On the BSE, there were 659 advances and 375 declines in the morning session. The biggest Nifty gainers were Zee Entertainment Enterprises, up 1.8% at Rs 278, Tata Motors, up 1.7% at Rs 731, and Suzlon Energy, up 1.4% at Rs 1,161. Tata Motors gained on a report the company may set up a car unit in Egypt. Maruti Udyog was up 1.1% at Rs 775 ahead of its Jan-Mar earnings, which will be detailed today. The company's net profit for the fourth quarter is seen growing 18% to Rs 4.28 bn. Among losers, Siemens India was down 2.5% at Rs 1,038, and BHEL fell 1.2% to Rs 2,509. Siemens fell after it reported lower-thanexpected net profit in the quarter ended March. The company's second quarter net profit fell 8% on year to Rs 1.08 bn. HPCL and BPCL were down 1% each as crude oil prices Monday gained 3% on New York Mercantile Exchange. Sesa Goa shares were down 2.2% at Rs 1,702.85 despite reports of U.K.-based Vedanta acquiring Mitsui's 51% stake in the company for $981 mn (Rs 41 bn). Tata Motors was up 2.2% at Rs 734 on report the company is planning to set up a car making unit in Egypt. In the mid trading session, indices rose 1% led by gains in bank shares after the Reserve Bank of India today left key rates unchanged at its annual monetary policy review. Key indices were up 0.4% ahead of the policy. At around 12.10PM, Sensex was at 14053.36, up 125.03 points or 0.9%. Nifty was at 4126.80, up 41.70 points or 1.0%. Bank shares surged 6% after the Reserve Bank of India today left key rates unchanged and reduced risk weight on various small loans. PNB, up 4.5% at Rs 495, was the top Nifty gainer. SBI rose 4% to Rs 1,102 and ICICI Bank was up 3% at Rs 940. Oriental Bank of Commerce rose 7% and State bank of India was up 6.5%. CNX Bank Nifty was up 3%. BHEL, down 2.5% at Rs 2,477, was the worst hit on Nifty. Shares of automobile makers surged 2-5% after the Reserve Bank of India today kept key interest rates unchanged, which eased fears of further slowdown in sales volume due to higher financing costs. Construction shares were mixed after Reserve Bank of India today left its key rates unchanged in the monetary and credit policy for 2007-08 (Apr-Mar). However, real estate shares surged 2-4%. Maruti No. of Scrips Value (Crs.) Advances 512 7884 Declines 531 2727 Unchanged 29 43 Total 1072 10654 Udyog was off the day's highs after the company reported Jan-Mar net profit at Rs 4.48 bn against street expectations of Rs 4.28 bn. Key indices ended over 1% higher led by gains in bank shares after Reserve Bank of India kept key rates unchanged at its Annual Policy statement for 2007-08 (Apr-Mar). Despite a poor start and bouts of profit-booking in early trade, Sensex and Nifty gained strength towards noon ahead of the RBI policy. "Expect the unexpected from the RBI. The market rallied as interest rates have a linkage effect. Other sectors like capital goods, real estate and auto also gained because of this. However, the central bank said it will keep a close eye on inflation and money supply. Sensex ended at 14136.72, up 208.39 points or 1.5% from Monday, after touching a low of 13850.07 and a high of 14197.32 points intraday. The Nifty closed at 4141.80, up 56.70 points, or 1.4%. It moved between a low of 4057.70 and a high of 4162.15 points during the session. The Sensex closed above the 14000-level for the first time since Feb 22, while the Nifty ended above 4100 for first time since Feb 20. The turnover on BSE and NSE combined was Rs 151 bn, up 35% from Monday. The CNX Midcap Index ended up 1%, while the S&P CNX 500 Index rose 1.2%. Bank shares surged on value buying after RBI kept interest rates steady. SBI rose 7.4% at Rs 1,139, while PNB gained 7% at Rs 507. The CNX Bank Nifty ended 4.7% up. HDFC Bank ended at Rs 1,014, up 2.7%, ahead of its Jan-Mar earnings expected later today. The bank is seen reporting a net profit of 3.14 bn, up 195% on year. Zee Entertainment ended up 7.8% at Rs 295 on value buying after robust Jan-Mar results. Maruti Udyog ended at Rs 796, up 3.8%, after reporting March quarter earnings that exceeded analysts' expectations. Siemens, which opened weak on disappointing earnings reported late Monday, gained on value buying as brokerages have upgraded the stock. The worst-hit among Nifty stocks were MTNL, down 7.2% at Rs 150, Wipro, down 2.2% at Rs 555, and TCS, down 1.7% at Rs 1,226. MTNL shares fell, as its Jan-Mar net earnings fell short of analysts' expectations. The company's net profit rose 47% to Rs 2.06 bn, against expectations of a 15% rise, driven by other income. IT shares slipped today on concerns that overseas revenue will be hit if the rupee continues to strengthen against the dollar. Today, the Indian unit appreciated to as much as Rs 41.05 per $1, against Rs 41.67 per $1 on Monday. The BSE Infotech Index, down 0.6%, was the only sectoral index to end weak. Tech stocks ended in mixed trend. Infosys was up at Rs 2057.90 with volumes of Rs 269.01 crs, TCS was down at Rs 1224.85 with volumes of Rs 215.25 crs, Rolta was up at Rs 420 with volumes of Rs 194.32 crs, and Satyam closed down at Rs 474.55 with volumes of Rs 127.12 crs. Pharma stocks ended in mixed trend. Sun Pharma was down at Rs 1061.70 with volumes of Rs 51.64 crs, Ranbaxy closed up at Rs 349 with volumes of Rs 40.47 crs, Dr Reddy was down at Rs 713.50 with volumes of Rs 35.07 crs, and Cipla closed up at Rs 238.80 with volumes of Rs 30.96 crs. Banking stocks showed buying opportunity. In the Public Sector banks SBI closed up at Rs 1133.30 with volumes Rs 348.23 crs & Bank of India closed up at Rs 197.15 with volumes Rs 119.63 crs. In the private sector ICICI Bank closed up at Rs 950.10 with volume of Rs 209.64 crs & HDFC Bank closed up at Rs 1013.75 with volumes of Rs 173.65 crs. Auto Stocks ended up. Tata Motors closed up at Rs 741.60 with volumes of Rs.154.76 crs & M&M closed up at Rs 744.35 with volumes of Rs 44.67 crs. While in the 2 wheeler segment stocks, Baja Auto closed up at Rs 2442.70 with volumes of Rs 35.21 crs & Hero Honda closed up at Rs 665.95 with volumes of Rs 19.91 crs. Cement Stocks witnessed positivity. ACC closed up at Rs 816.95 with volumes of Rs 83.02 crs, GACL closed up at Rs 119.35 with volumes of Rs 80.50 crs, India Cement closed marginally up at Rs 170.80 with volumes of Rs 40.63 crs and Birla Jute closed up at Rs 233.65 with volumes of Rs 1.83 crs. Nifty ended at 4142 up by 57 points

Good Evening - Apr 24 2007

Key indices were up nearly 1% early today on buying in steel shares and light short covering ahead of the futures and options contract expiry Thursday. Sentiment remained buoyant as Asian markets were up on robust corporate profits and rally in exporters. At 10:27AM, Sensex was 13993.41, up 96.00 points or 0.7%. Nifty was at 4110.20, up 26.65 points or 0.6%. CNX Midcap Index was up 0.4% and S&P CNX 500 Index up 0.6%. On the BSE, there were 1,702 advances and 895 declines in the morning .The biggest Nifty gainers were Tata Steel, up 3% at Rs 549, SAIL, up 1.8% at Rs 137, and Rcom, up 1.7% at Rs 464. Steelmakers rose on hopes of strong Jan-Mar earnings due to a sharp rise in steel prices over the quarter and speculation steel prices will be hiked soon. The biggest sectoral gainer was BSE Metal Index, up 1.3%. Zee Entertainment Enterprises rose nearly 3% after the company Saturday reported March quarter net profit at Rs 699.2 mn, up 32.6% on year. Among losers, GACL was Rs 113, down 1.7%, and HDFC Bank was Rs 985, down 1%. Sun Pharmaceutical Industries was down 14.4% at Rs 1,014, ahead of the demerger of its research and development division on Apr 30. Siemens India was up 1% at Rs 1,078 ahead of its Jan-Mar earnings due later today. The company is seen reporting second quarter net profit at Rs 1.5 bn, up 26% on year. In the mid trading session, markets were trading with caution ahead of the monetary policy to be unveiled tomorrow. At around 1.30PM, Sensex was up 42 points at 13942 levels. Nifty was trading at 4092 levels, up 8 points. Market breadth for overall markets was stable at 0.9:1. Though, breadth weakened in heavyweights as the A: D ratio declined at 1:1 for Sensex and Nifty. Tata Power surged 5.2% at Rs 572. The company has acquired Coastal Gujarat Power, an SPV for Mundra-UMPP. Spicejet was up 3% at Rs 46. Spicejet board will meet tomorrow to consider Boeing plane order. The airline expects to make profit in ’09.

Maruti was down 0.5% at Rs 775.As per a market report, Govt may invite bids for 10.2% residual stake sale in Maruti in May. Airline stocks were trading strong on the news that Govt is looking at reviewing policy that will allow international airlines hold stakes in Indian carriers. This will improve the operating efficiency of low cost airlines. Jet Air (+ 8.5%), Air Deccan (+ 2%) and Spicejet (+ 1.4%) were all up. Indian Bank was up 0.8% at Rs 97.40. The bank reported good Q4 result. Net Profit was at Rs 235 cr whereas NII stood at Rs 573 cr. In FY07, Net Profit jumped to Rs 759.7 cr Vs Rs 504.5 cr last year. Other income stood at Rs 344 cr. Oudh Sugar showed very bad Q3 result. It reported Net loss of Rs 41 lakh Vs profit of Rs 19.95 cr y-o-y. Revenue stood at Rs 101 cr Vs Rs 136 cr. The stock was down 3.5% at Rs 60. Punj Lloyd was up 1.5% at Rs 188.50. The company secured Rs 180 cr order from Reliance Gas Transportation Infrastructure. No. of Scrips Value (Crs.) Advances 444 4735 Declines 594 2809 Unchanged 29 3 Total 1067 7547 Key indices ended marginally up today after shedding early gains on profit sales. Sensex ended at 13928.33, up 30.92 points, or 0.22%. Nifty was at 4085.10, up 1.6 points, or 0.04%. Steel shares were the day's key gainers as analysts expect robust quarterly earnings from the sector because of a sharp rise in metal prices. Most information technology shares weakened because of the rising rupee. The sector was up Friday as quarterly earnings of Satyam Computer Services and Wipro beat street expectations. Today, Satyam Computer was up 1%. Volatility in banking shares persists ahead of RBI's monetary policy due Tuesday. The BSE Bank index ended down 0.5%. The Nifty's top gainer was Jet Airways, up 5%. Sun Pharmaceuticals, the biggest Nifty loser, ended down 11%, as the company entered no-delivery period ahead of the demerger of its research arm. Tech stocks ended up with exception. Satyam was up at Rs 480.10 with volumes of Rs 208.08 crs, Infosys was up at Rs 2069.25 with volumes of Rs 160.55 crs, Rolta was up at Rs 384.55 with volumes of Rs 87.87 crs, and TCS closed down at Rs 1247.80 with volumes of Rs 71.02 crs. Pharma stocks ended in mixed trend. Sun Pharma was down at Rs 1047.80 with volumes of Rs 98.34 crs, Ranbaxy closed down at Rs 343.50 with volumes of Rs 26.54 crs, Glenmark was up at Rs 684.90 with volumes of Rs 16.36 crs, and Dr Reddy closed up at Rs 717.50 with volumes of Rs 16 crs. Banking stocks ended negative with exception. In the Public Sector banks SBI closed down at Rs 1060.30 with volumes Rs 104.94 crs & Bank of India closed down at Rs 183.75 with volumes Rs 63.43 crs. In the private sector ICICI Bank closed up at Rs 917.55 with volume of Rs 58.07 crs & HDFC Bank closed down at Rs 986.80 with volumes of Rs 33.59 crs. Auto Stocks showed negativity with exception. Tata Motors closed down at Rs 718.15 with volumes of Rs.73.43 crs & M&M closed down at Rs 731.30 with volumes of Rs 58.44 crs. While in the 2 wheeler segment stocks, Baja Auto closed down at Rs 2402.90 with volumes of Rs 30.51 crs & Hero Honda closed up at Rs 655.60 with volumes of Rs 14.10 crs. Cement Stocks witnessed mixed trend. GACL closed down at Rs 115.05 with volumes of Rs 89.71 crs, ACC closed up at Rs 796.05 with volumes of Rs 74.90 crs, India Cement closed marginally down at Rs 169.45 with volumes of Rs 31.31 crs and Birla Jute closed up at Rs 231.60 with volumes of Rs 4.07 crs. Nifty ended at 4085 up by 2 points

Good Evening - Friday 20th April, 2007

Subdued trend in Asian markets pushed key indices down 1% today. Key Asian markets fell 1-2% as the dollar weakened against regional currencies, reducing the value of exports in the U.S. Shares here were down across-the-board on profit booking. At 10:33AM, Sensex was 13531.50, down 140.69 points or 1.0%. Nifty was at 3975.70, down 36.50 points or 0.9%. CNX Midcap was down 0.3% and S&P CNX 500 Index down 0.8%. On BSE, declines outnumbered advances 2:1 in morning. Technological companies were major laggards on bourses. BSE IT Index, down 2%, was the worst hit among BSE indices. Appreciation of rupee by over 9% between Aug 2006 and Apr 2007 has severely eroded profitability of exporters. Technology companies get 60% of their revenue from overseas. HDFC, down 2% at Rs 1,561, was the worst hit on Nifty. Advanta India, which is a supplier of agronomic seed, listed at Rs 665 on NSE against the issue price of Rs 640. The share was up 38% at Rs 885 despite the weak broad market. Wednesday, Reserve Bank of India barred foreign funds from buying more shares of Advanta India as the combined holding of foreign portfolio investors stood at the limit of 24%. Ambuja Cements, up 2% at Rs 115, was the top Nifty gainer as the company's Jan-Mar earnings Monday are expected to beat expectations. In the mid trading session, weak Asian markets, and uncertain dollar outlook, kept sentiment subdued in Indian equities. Metals and technology shares suffered the most. Chinese market fell 7% today after the government delayed a report on economic growth that could show further interest rate hikes may be needed. Sensex was at 13524.28, down 147.91 points or 1.1%. Nifty was at 3965.50, down 46.10 points or 1.1%. Losses in SBI were erased as its follow-on public issue, due Aug-Sep, is likely to be at 10-15% premium to the market price. The worst hit in the Nifty were Zee Entertainment Enterprises, down 4.5%, and Bajaj Auto, down 2.6%. ACC shares fell 3% to Rs 793 despite the company reporting 54.5% rise in Jan-Mar net profit to Rs 3.63 bn, slightly higher than analysts' estimates of 3.56 bn. Demand for bank shares and light short covering towards the end of the session lifted key indices from their lows. Sensex ended at 13619.70, down 52.49 points, from Wednesday. Nifty closed at 3997.65, down 13.95 points. The worst-hit was ACC, down 4%, after the cement major detailed its Jan-Mar earnings today. Satyam Computer Services ended 3% down, while Bharat Heavy Electricals shed 2%. Information technology shares ended down on concerns that an appreciating rupee against the dollar may hit revenue from U.S. The No. of Scrips Value (Crs.) Advances 435 4132 Declines 626 4057 Unchanged 26 6 Total 1087 8195 top Nifty gainer was SBI, up 2%, as its chairman said the bank is planning a follow-on public issue around Aug-Sep. Tech stocks ended down with exception. Infosys was down at Rs 2039.90 with volumes of Rs 323.61 crs, Satyam was down at Rs 447.80 with volumes of Rs 201.80 crs, TCS was down at Rs 1242.90 with volumes of Rs 98.05 crs, and Tech Mahindra closed up at Rs 1509.10 with volumes of Rs 89.98 crs. Pharma stocks ended positive with exception. Glenmark was up at Rs 681.10 with volumes of Rs 71.53 crs, Ranbaxy closed marginally up at Rs 340.70 with volumes of Rs 38.85 crs, Sun Pharma was up at Rs 1157.80 with volumes of Rs 28.74 crs, and Dr Reddy closed down at Rs 709.70 with volumes of Rs 23.55 crs. Banking stocks showed mixed trend. In the Public Sector banks SBI closed up at Rs 1053.25 with volumes Rs 227.19 crs & Bank of India closed down at Rs 186.85 with volumes Rs 88.45 crs. In the private sector ICICI Bank closed up at Rs 905.15 with volume of Rs 91.57 crs & UTI Bank closed down at Rs 464.60 with volumes of Rs 42.37 crs. Auto Stocks ended negative with exception. Tata Motors closed down at Rs 713.10 with volumes of Rs.108.67 crs & M&M closed down at Rs 733.90 with volumes of Rs 57.46 crs. While in the 2 wheeler segment stocks, Baja Auto closed down at Rs 2446.30 with volumes of Rs 37.90 crs & Hero Honda closed marginally up at Rs 657.15 with volumes of Rs 7.23 crs. Cement Stocks witnessed negative trend with exception. ACC closed down at Rs 788.75 with volumes of Rs 136.96 crs, GACL closed up at Rs 113.60 with volumes of Rs 67.71 crs, India Cement closed down at Rs 170.95 with volumes of Rs 55.37 crs and Birla Jute closed down at Rs 222.70 with volumes of Rs 2.48 crs. Nifty ended at 4012 up by 27 points.

Good Evening - Wednesday 18th April, 2007

Market was down 0.3% in volatile trade today on profit booking after the over 4% rise in key indices in the last two sessions. Strength in Asian and U.S. markets on robust U.S. retail sales report provided support to indices here. At 10:34AM, Sensex was at 13683.18, down 16.99 points, or 0.1%. Nifty was at 4003.30, down 10 points, or 0.3%. CNX Midcap was up 0.2% and S&P CNX 500 Index was flat. On BSE, advances equaled declines in the morning. Shares of oil retailers were the biggest gainers on Nifty. HPCL and BPCL were up 2-3%. Crude oil prices Monday fell slightly to $63.52 a barrel on reports production in Nigeria will increase. Shares of technology companies were down on profit sales. CNX IT Index, which has risen 7% in the last three sessions, was down 2%. Satyam Computer Services, down 4% at Rs 462, was the worst hit on Nifty. TCS was down 2% at Rs 1,251. TCS Monday reported 44% year-on-year rise in Jan-Mar net profit to Rs 11.95 bn, slightly below analysts' expectations of Rs 12 bn. HCL Technologies was down 1% at Rs 306 ahead of its Jan-Mar earnings due after market hours. In the mid trading session, indices were down 0.5% on profit sales in shares of technology companies. BSE IT Index, down 3%, was the worst hit among BSE indices. At around 12.50PM, Sensex was at 13634.77, down 60.81 points or 0.5%. Nifty was at 3995.05, down 18.30 points or 0.5%. Shares of oil retailers were top gainers on Nifty on hopes crude oil prices would ease, as production from Nigeria is likely to increase. Bharati Shipyard was up 3% at Rs 400, as its buy of Swan Hunter's UK shipyard assets will save the company cost and time, otherwise spent in procuring new machinery for its Mangalore unit. Shares of IT companies were down 2-4% as the rupee strengthened against the dollar. The rupee at 41.77 rupees per dollar is near nine-year highs. It has risen 3.2% since the start of April. Infosys Technologies shares were down 2.6% at Rs 2,072. Poly Medicure was up 1% at Rs 138 on reports the company has tied up with a mid-sized U.S. firm to market its products there. Bharat Electronics was down 2% at Rs 1,732 on profit sales, after rising 7.5% in the last two sessions on expectations of robust Jan-Mar results. Key indices ended near the day's lows, taking a break after rallying 4% in the previous two sessions. Sensex was 13607.04, down 88.54 points or 0.6%. Nifty was at 3984.95, down 28.40 points or 0.7%. Technology shares were the biggest losers as investors booked profits after the rupee strengthened against the dollar. Tech shares have gained 7-10% in the previous three sessions. The BSE Infotech Index was down 2.5%. Oil retailers, HPCL No. of Scrips Value (Crs.) Advances 381 2856 Declines 665 6667 Unchanged 29 60 Total 1075 9583 and BPCL, bucked the weak trend and were up 3-4%. The BSE Oil and Gas Index was up 1%. TCS, which reported earnings after market hours Monday, shed 2%. Tech stocks ended down. Infosys was down at Rs 2082.75 with volumes of Rs 359.42 crs, TCS was down at Rs 1250.25 with volumes of Rs 327.33 crs, Satyam was down at Rs 455.80 with volumes of Rs 279.05 crs, and Tech Mahindra closed down at Rs 1454.25 with volumes of Rs 87.89 crs. Pharma stocks ended in mixed trend. Dr Reddy was up at Rs 716.65 with volumes of Rs 51.52 crs, Glenmark closed up at Rs 644.40 with volumes of Rs 43.70 crs, Ranbaxy was down at Rs 337.50 with volumes of Rs 23.27 crs, and Cipla closed down at Rs 229.55 with volumes of Rs 23.18 crs. Banking stocks ended down with exception. In the Public Sector banks SBI closed down at Rs 1010.20 with volumes Rs 111.37 crs & Bank of India closed down at Rs 183.25 with volumes Rs 86.56 crs. In the private sector ICICI Bank closed up at Rs 894 with volume of Rs 83.19 crs & UTI Bank closed down at Rs 465.10 with volumes of Rs 75.94 crs. Auto Stocks ended negative with exception. Tata Motors closed down at Rs 730.60 with volumes of Rs.184.16 crs & M&M closed down at Rs 749.80 with volumes of Rs 45.59 crs. While in the 2 wheeler segment stocks, Baja Auto closed up at Rs 2546.65 with volumes of Rs 67.06 crs & Hero Honda closed marginally down at Rs 649.90 with volumes of Rs 8.28 crs. Cement Stocks witnessed positive trend with exception. ACC closed up at Rs 808.70 with volumes of Rs 156.74 crs, GACL closed up at Rs 113.75 with volumes of Rs 84.01 crs, India Cement closed down at Rs 169.40 with volumes of Rs 75.16 crs and Prism Cement closed up at Rs 34.85 with volumes of Rs 6.80 crs. Nifty ended at 3985 down by 28 points.

Good Evening KRC

Good Evening KRC