Nifty outscores Sensex

The barometer index BSE Sensex ended flat ahead of presentation of Union Budget 2008-09 by the Finance Minister P Chidambaram in Parliament. However, Nifty recorded gains against a flat closing for Sensex. Normally, the rise or fall in Sensex in a day is about three times that of Nifty.

The market had recovered from lower level in early afternoon trade after the finance ministry tabled Economic Survey - a report card on the economy during this fiscal in partliament at about 12:00 IST, the recovery was short lived. Derivatives contracts for February 2008 series expired today, 28 February 2008.

Auto, metal, healthcare stocks rose. Realty stocks fell. Reliance Industries slipped. The market breadth was weak. European markets which opened after Indian market were subdued in early trade. Asian markets, which opened before Indian market, were mixed.

The 30-share BSE Sensex ended down 1.51 points or 0.01% at 17,824.48. Sensex hit a low of 17,692.13 in mid-morning trade. At the day's low, Sensex lost 133.86 points. Sensex touched a high of 17,921.51 in initial trade. At day’s high it rose 95.52 points.

The broader CNX S&P Nifty was up 16.7 points or 0.32% at 5,285.1.

National Alluminium Company (up 7.96% to Rs 482.70), Tata Communications (up 7.84% to Rs 525.25), Dr. Reddy’s Labooratories (up 5.66% to Rs 572.35), Sun Pharmaceutical Industries (up 4.46% to Rs 1,254.20) and Hindalco Industries (up 4.26% to Rs 204.30) were top five gainers from Nifty pack. These five scrips have a combined weightage of 3.3% in Nifty. Four of these five stocks are not a part of Sensex. Hindalco which is a Sensex stock has a 1.38% weightage in the barometer index.

BSE clocked a turnover of Rs 4,822 crore today 28 February 2008 compared to a turnover of Rs 5,876.55 crore on Wednesday, 28 February 2008.

Nifty March 2008 futures were at 5271, at a discount of 14.10 points as compared to spot closing of 5285.10.

NSE's futures & options (F&O) segment turnover was Rs 61,065.26 crore, which was lower than Rs 63,256.76 crore on Wednesday, 27 February 2008.

Maintaining economic growth at about 9% a year will be a challenge due to inflation and infrastructure constraints, and raising the rate to double digits will be even harder, the Economic Survey for 2007-08 said. Agricultural sector growth is estimated to slow to 2.6% in the year ending March 2008, from 3.8% the year before, it said. Development of adequate infrastructure is a critical prerequisite for sustaining the economic growth momentum, the survey said.

It said containing inflation was a priority, because rising prices hurt the poor, and putting pressure on interest rates hit both savings and investment. The survey said Inflation should remain moderate in the coming months due to policy measures taken over the last year.

A surge in capital inflows, including foreign direct investment, would continue in the medium term although short-term inflows may moderate due to slightly slower growth, the survey said. Any reduction in excess capital flows from the high levels of 2007 may affect the equity markets in the short term but will make the task of monetary management easier, the survey said.

Finance Minister (FM) P Chidambaram today said that he was confident of achieving 11th Plan target of 9% growth. BSE Consumer Durables index (down 0.81% to 4,795.14), BSE Oil & Gas index (down 0.84% to 11,164.87), BSE Bankex (down 0.81% to 10,073.91), BSE Realty index (down 1.47% to 9,833.10), BSE IT index (down 0.14% to 3,967.40), BSE FMCG index (down 0.05% to 2,253.95) underperformed Sensex.

BSE PSU index (up 0.33% to 8,499.34) , BSE Power index (up 0.38% to 3,748.11), BSE HealthCare index (up 1.7% to 3,925.75), BSE Capital Goods index (up 0.56% to 16,598.88) BSE Auto index (up 1.18% to 4,829.86) and BSE Metal index (up 1.98% to 16,972.01) outperformed Sensex.

The market breadth was weak: on BSE 1452 declined as compared to 1,269 that advanced. 41 stocks remained unchanged.

India’s largest engineering & construction firm by revenue Larsen & Toubro rose 0.28% to Rs 3,641.20. It recovered from its lows of Rs 3,600.

India’s largest private sector firm by market capitalization and oil refiner Reliance Industries declined 1.97% at Rs 2,536.70. The company said on Tuesday, 26 January 2008 it had discovered more gas in an exploration block off India's east coast.

Realty stocks fell. India’s largest real estate player by market cap DLF declined 2.37% to Rs 805.35. DLF will reportedly invest about $5 billion or Rs 20,000 crore to build and operate more than 25,000 hotel rooms in the next 7-8 years. The New Delhi-based real estate major is also in talks to set up nine super luxury hotels across India, the reports added. Indiabulls Real Estate (down 1.02% to Rs 647.30) and Unitech (down 1.56% to Rs 376.45) edged lower.

Auto stocks rose. Hero Honda Motors (up 3.73% to Rs 747.30), Mahindra & Mahindra (up 3.26% to Rs 680.15), Bajaj Auto (up 3.61% to Rs 2,255) and Maruti Suzuki India (up 0.34% to Rs 834.95) edged higher. India's largest truck maker by sales Tata Motors rose 0.4% to Rs 710.25.

Metal stocks rose. Sterlite Industries (up 3.93% to Rs 853.70), Steel Authority of India (up 3.88% to Rs 252.80) and Tata Steel (up 1.56% to Rs 823.70) edged higher.

Healthcare stocks edged higher. Cipla rose 2.23% to Rs 206.05 and Ranbaxy Laboratories rose 1.88% at Rs 444.55.

NTPC, India's biggest power generation firm by revenue, rose 0.79% to Rs 203.95. NTPC has signed a loan agreement for 68.56 million euros with Nordic Investment Bank to part fund its capital expenditure. The 12-year loan carries a floating interest rate linked to EURIBOR, and is without a sovereign guarantee, the company said after market hours on Wednesday, 27 February 2008.

HDFC (up 3.39% to Rs 2,775.35) and Bharat Heavy Electricals (up 2.68% to Rs 2,323.60) edged higher from the Sensex pack.

Ambuja Cements (down 1.38% to Rs 121.20) and Reliance Energy (down 1.88% to Rs 1,600.70) edged lower from the Sensex pack.

Tulsi Extrusions clocked highest volume of 1.27 crore shares on BSE. Reliance Natural Resources (1.09 crore shares), Nagarjuna Fertilisers and Chemicals (1.07 crore shares), Ispat Industries (80.83 lakh shares) and Centurion Bank of Punjab (76.62 lakh shares) were other vlume toppers in that order.

OnMobile Global clocked highest turnover of Rs 271.36 crore on BSE. Reliance Capital (Rs 186.13 crore), Reliance Industries (Rs 149.63 crore), Reliance Energy (Rs 147.68 crore) and Reliance Natural Resources (Rs 146.13 crore) were other turnover toppers in that order.

As per provisional data on NSE.Foreign institutional investoes (FIIs) sold shares worth Rs 809.1 crore today, 28 February 2008 . Domestic funds bought shares worth Rs 732.38 crore.

With general elections due in 2009, Union Budget 2008-09 to be presented on 29 February 2008 will be the last full-fledged budget of the Congress-led United Progressive Alliance government and it is therefore likely to be a populist budget. Thus, the Finance Minister (FM) is likely to provide higher allocations to several social initiatives like rural upliftment, employment, education, agricultural growth and public health.

Though populist measures will dominate the budget, FM is also expected to take steps to stimulate investment and consumption demand at a time when the economy is witnessing moderation from a solid growth last year. A reduction in personal income tax, if any, will result in increase in disposable incomes which in turn may boost demand for consumer goods.

Expectations are that the corporate income tax rate may be cut or the 10% surcharge on corporate tax may be abolished. The surcharge is 10% on a tax rate of 30%, making the effective corporate tax rate 33%. Another possibility is that of a cut in dividend distribution tax from 15% to 12.5%.

Meanwhile, FM may raise the Securities Transaction Tax (STT) slightly. STT is currently at 0.125% on delivery trades. STT is 0.025% on non-delivery trades on sell transactions. STT is 0.017 % in futures & options segment on sell trasactions.

It is also expected that the FM would announce some relief packages for troubled export sensitive sectors like textiles, rubber, jewelry, leather and IT services. These sectors have been hit by rupee’s surge in the past one year.

European markets were subdued. France’s CAC 40, Germany’s DAX and UK’s FTSE 100 were down by between 0.97% to 1.11%.

Asian markets were mixed today. Key benchmark indices in Hong Kong, and Singapore, were up by between 0.44% to 0.89%. Key benchmark indices in Japan, South Korea ,China were down by between 0.75% to 1.13%. Financial markets in Taiwan are closed for a holiday.

US stocks were little changed on Wednesday after a rally fizzled when doubts emerged that lifting investment caps on the two largest home financing companies was enough to prevent deeper damage to the housing market. The Dow Jones industrial average was up 9.36 points, or 0.07%, at 12,694.28. The Standard & Poor's 500 Index was down 1.27 points, or 0.09%, at 1,380.02. The Nasdaq Composite Index was up 8.79 points, or 0.37%, at 2,353.78.

Federal Reserve Chairman Ben Bernanke on Wednesday signaled a readiness to cut interest rates again to prevent further damage to the weak US economy, even as he took note of rising inflation risks. Delivering the Fed's semiannual report on the economy to Congress, Bernanke made clear the central bank was worried a deepening housing slump, softening jobs market and tighter credit could dim an already bleak economic outlook

Market Close : Bad cues from Europe... eats up gain

Markets opened in green and continued to trade higher 200 points the first half of the day with supportive global cues from US & Asian markets but could not maintain the momentum in late trade and slipped sharply on the back weak cues from the European markets. Value buying was seen in sectors like capital goods, metal, power, banking and Pharma space. While IT and FMCG stocks remained subdued for most part of the day. Airlines counter ended mixed ahead of Crude prices hit a record high of $102.08/bbl. Midcaps and smallcap indices also performed well in line with frontline counters. Market witnessed some sort of cautions approach as FnO expiry tomorrow. In Mid session markets sliped from the day's high on nervousness in European market on account of uncertain economic statements from U.K.'s biggest mortgage lender, HBOS which followed Indian Indices to lose the major gains to end flat with only 20 points in green. Asian indices ended in green but Europe started subdued and trading in red.

Sensex closed up by 20 points at 17825.99. It was helped up by gains in HDFC (2684.3999,+4 percent), Ranbaxy (436.35,+4 percent), BHEL (2262.8999,+4 percent), L & T (3630.95,+3 percent) and Maruti (832.1,+2 percent). Restricting the gains were Grasim (2888.6499,-5 percent), Rel Energy (1631.35,-4 percent), Satyam (437.1,-3 percent), Infosys (1617.4,-3 percent) and TCS (877.7,-2 percent).

Sugar companies based out of UP were under pressure. Supreme courts asked UP sugar mills to pay SAP at Rs 123/quintal for 2006-2007 against an appeal for Rs 110/quintal. This is negative for UP based sugar mills as they have to pay higher price for sugarcane. Against SAP of Rs 125/ qnt , UP mills had requested for cane price of Rs 110/ qnt. Bajaj Hindustan will be affected more, since it has taken less cane prices in accounting. This will reflect in next results. At current prices of sugar and the price to be paid, these mills make only marginal profits. But, global sugar prices are high and this provides some relief for sugar companies . Sugar mills outside UP follow SMP and this gives them an advantage over UP mills. We were negative on Bajaj Hindustan and Balrampur Chini the two major UP based sugar comanies and we also commented to look for a downside trade.

Paramount Communication was on 5% circuit today. the cable industry which is very much in focus has povided paramount to lead the game . Paramount is one of the leading manufacturers of Power Cables, Railway Cables and Telecom Cables. Paramount has two manufacturing units located at Dharuhera, Haryana and Khushkhera, Rajasthan. Paramount drives 85% of revenues from Power and Railway cable, 10% from Jelly Filled Telephone cables and rest 5% from Optical Fibre cable. Paramount is expanding the capacity in three phases with an investment of Rs 120 cr. Paramount acquired, AEI cables in UK one of the oldest cable manufacturing companies with a strong reputation. Paramount enjoys the acquisition synergy in terms of marketing network and good distribution in UK and helps to enter other countries also. At the current market price of Rs 34 valuations are attractive compared to its peers. We are positive on the business with long term view. Do read our note to know more.

Technically Speaking: Markets ended flat with profit booking seen in the later final hour trades. Sensex made an intra day high of 18137 and low of 17771. The breadth was in favor of Advances, as there were 1420 against 1308 Declines. Market turnover was fine at Rs 4848 Cr. Another lower top made today by Sensex. If now it goes below 17000, we can expect a target of 16300 and immediate support seen at 17650 while resistance at 18200-18500.

Post Market Commentary - Feb 27 2008

The Sensex opened with a positive gap of 177 points at 17,983 on positive cues from the Asian markets. The index touched a high of 18,137 - up 331 points from the previous close - in morning deals.

Selling emerged in mid-noon deals, and a heavy bout of selling in late trades saw the index drop to a low of 17,771 - down 366 points from the day's high.

The Sensex finally ended with a marginal gain of 20 points at 17,826.

The Nifty was down two points at 5,268.

The BSE market breadth was marginally positive - out of 2,805 stocks traded, 1,419 advanced, 1,306 declined and 80 were unchanged.

INDEX MOVERS...

Mahindra & Mahindra and HDFC gained around 4.5% each to Rs 659 and Rs 2,684, respectively.

Ranbaxy and BHEL added around 4% each to Rs 436 and Rs 2,263, respectively.

Larsen & Toubro moved up over 3% to Rs 3,631. Maruti gained 2.4% at Rs 832, and ONGC was up 1% at Rs 1,038.

...AND THE SHAKERS

Grasim slumped 5% to Rs 2,889. Reliance Energy tumbled nearly 4% to Rs 1,631.

Satyam and Infosys dropped nearly 3% each to Rs 437 and Rs 1,617, respectively. TCS slipped over 2% to Rs 878.

ACC and SBI declined 1.8% each to Rs 816 and Rs 2,083, respectively.

VALUE & VOLUME TOPPERS

Reliance led the value chart with a turnover of Rs 364.70 crore followed by OnMobile Global (Rs 311 crore), IRB Infrastructure (Rs 306.70 crore), Reliance Capital (Rs 262.50 crore) and Tulsi Extrusions (Rs 231 crore).

Ispat Industries topped the volume chart with trades of around 2.05 crore shares followed by Tulsi Extrusions (1.86 crore), IRB Infrastructure (1.53 crore), Reliance Natural Resources (1.21 crore) and Centurion Bank of Punjab (86.15 lakh).

REL, RCom, RPL February 2008 futures at discount

Nifty February 2008 futures were at 5241.05, at a discount of 27.35 points as compared to spot closing of 5268.40.

The NSE's futures & options (F&O) segment turnover was Rs 63,256.76 crore, which was higher than Rs 56,515.69 crore on Tuesday, 26 February 2008.

Reliance Energy (REL) February 2008 futures were at discount, at 1628, compared to the spot closing of 1634.50.

Reliance Communications (RCom) February 2008 futures were at discount, at 582.75, compared to the spot closing of 585.35.

Reliance Petroleum (RPL) February 2008 futures were at discount, at 164.65, compared to the spot closing of 165.75.

In the cash market, the S&P CNX Nifty lost 1.65 points or 0.03% at 5268.40.

Market ends positive

The market was poised for another positive finish, but a late bout of selling pressure dragged the Sensex below 17,800 and halted its resurgence. On the back of firm international indices, the Sensex opened with a positive gap of 177 points at 17,983 and moved up sharply to touch the day's high of 18,137. However, the market came under a sharp bout of profit taking and was 33 points down from the yesterday's close, with the index slipping to an intra-day low of 17,772. Finally, the Sensex erased most of its losses and ended 20 points up at 17,825, while the Nifty was down two points at 5,268.

The market breadth was marginally positive. Of the 2,805 stocks traded on the Bombay Stock Exchange (BSE), 1,435 stocks advanced, 1,294 stocks declined and 76 stocks ended unchanged. On sectoral front, BSE CG index flared up by 2.37% at 16,507 and BSE HC index gained 1.22% at 3,860, while BSE Power ended marginally higher at 3,733. Other sectoral indices were down around 1% each.

Among the major losers Grasim Industries declined 5.06% at Rs2,888.56, Reliance Energy lost 3.88% at Rs1,631.35, Satyam Computer Services slumped 2.81% at Rs437.10 and Infosys was down 2.69% at Rs1,617.40. Select heavyweights attracted buying support. M&M rose 4.52% at Rs658.65, HDFC moved up by 4.27% at Rs2,684.40, Ranbaxy advanced 4.10% at Rs436.35 and BHEL gained 3.78% at Rs2,262.90.

Over 2.05 crore Ispat Industries shares changed hands on the BSE followed by Tulsi Extrusion (1.86 crore shares), IRB Infrastructure (1.53 crore shares), Central Bank of Punjab (0.86 crore shares) and Power Grid (0.85 crore shares).

Market registers marginal gains

The key benchmark indices came off higher levels in late trade and ended almost flat due to selling in IT and banking counters. European markets which opened after Indian market, fell. The market had held firm for a better part of the day on firm Asian markets. Reliance Energy declined. Grasim Industries and Infosys were major losers from Sensex pack.

Capital goods stocks were in demand. The market breadth was positive

Asian markets, which opened before Indian markets, surged after weak US economic data and comments from a Federal Reserve official signalled that US interest rates will continue to head lower. Fed Vice Chairman Donald Kohn said on Tuesday that a weak US economy was a bigger worry than higher inflation risks.

The 30-share BSE Sensex rose 19.80 points or 0.11% at 17,825.99. Sensex touched a high of 18,137.28 in mid-morning trade. At day’s high, Sensex rose 331.09 points. Sensex hit a low of 17,770.65 in late trade. At the day's low, Sensex was down 35.54 points.

The broader CNX S&P Nifty ended down 1.65 points or 0.03% at 5,268.40.

BSE clocked a turnover of Rs 5859 crore today 27 February 2008 compared to a turnover of Rs 4,844.22 crore on Tuesday, 26 February 2008.

Nifty February 2008 futures were at 5241.05, at a discount of 27.35 points as compared to spot closing of 5268.40.

The NSE's futures & options (F&O) segment turnover was Rs 63,256.76 crore, which was higher than Rs 56,515.69 crore on Tuesday, 26 February 2008.

The next major trigger for the market is the Union Budget 2008-09. With general elections due in 2009, Union Budget 2008-09 to be presented on 29 February 2008 will be the last full-fledged budget of the Congress-led United Progressive Alliance government and it is therefore likely to be a populist budget. Thus, the Finance Minister (FM) is likely to provide higher allocations to several social initiatives like rural upliftment, employment, education, agricultural growth and public health.

Though populist measures will dominate the budget, FM is also expected to take steps to stimulate investment and consumption demand at a time when the economy is witnessing moderation from a solid growth last year. A reduction in personal income tax, if any, will result in increase in disposable incomes which in turn may boost demand for consumer goods.

Expectations are that the corporate income tax rate may be cut or the 10% surcharge on corporate tax may be abolished. The surcharge is 10% on a tax rate of 30%, making the effective corporate tax rate 33%. Another possibility is that of a cut in dividend distribution tax from 15% to 12.5%.

Meanwhile, FM may raise the Securities Transaction Tax (STT) slightly. STT is currently at 0.125% on delivery trades. STT is 0.025% on non-delivery trades on sell transactions. STT is 0.017 % in futures & options segment on sell trasactions.

It is also expected that the FM would announce some relief packages for troubled export sensitive sectors like textiles, rubber, jewelry, leather and IT services. These sectors have been hit by rupee’s surge in the past one year.

The BSE Mid-Cap index was up 0.43% at 7,723.56, while the BSE Small-Cap was up 0.26% at 9,673.86. Both these indices outperformed Sensex.

BSE Consumer Durables index (down 0.64% to 4,834.12), , BSE Metal index (down 0.95% to 16,642.01), BSE IT index (down 2.2% to 3,973.12), BSE Bankex (down 0.32% to 10,156.52), BSE Realty index (down 0.37% to 9,979.72) underperformed Sensex.

BSE PSU index (up 0.39% to 8,471.05), BSE Oil & Gas index (up 0.4% to 11,259.92), BSE Power index (up 0.73% to 3,733.77), BSE HealthCare index (up 1.22% to 3,860.02), BSE Captal Goods index (up 2.37% to 16,506.67) BSE Auto index (up 0.57% to 4,773.34), and BSE FMCG index (up 0.19% to 2,254.98) outperformed Sensex.

The market breadth was positive: on BSE 1,433 advanced as compared to 1,300 that declined. 41 stocks remained unchanged.

IT stocks declined in late trade. Satyam Computer Services (down 2.81% to Rs 437.10), Wipro (down 0.96% to Rs 439.90), Tata Consultancy Services (down 2.24% to Rs 877.70), Infosys (down 2.69% to Rs 1,617.40) edged lower.

Banking stocks fell in late trade. ICICI Bank (down 0.38% to Rs 1,113.75), HDFC Bank (down 0.22% to Rs 1,451.75) and State Bank of India (down 1.76% to Rs 2,082.55) edged lower.

India’s largest private sector firm by market capitalization and oil refiner Reliance Industries rose 0.46% at Rs 2,587.55. It came off from session's high of Rs 2,624. The company said on Tuesday, 26 January 2008 it had discovered more gas in an exploration block off India's east coast. This is the company's eight discovery in the block.

Among the top gainers from Sensex pack were Mahindra & Mahindra (up 4.52% to Rs 658.65), Housing Development Finance Corporation (HDFC) (up 4.27% to Rs 2,684.40) and Ranbaxy Laboratories (up 4.1% to Rs 436.35).

Among the Sensex losers from Sensex pack were ACC (down 2.24% to Rs 812.25), and Grasim Industries (down 5.06% to Rs 2,888.65).

India's second largest power utility firm by revenue Reliance Energy declined 3.88% to Rs 1,631.35. It came off from day's high of Rs 1,745. The company said yesterday its board will meet on 5 March 2008 to consider, buy back of equity shares of the company.

Capital goods stocks were in demand. Larsen & Toubro (up 3.2% to Rs 3,630.95), Bharat Heavy Electricals (up 3.78% to Rs 2,262.90) edged higher. However, Suzlon Energy declined 3.54% to Rs 303.70.

India’s largest truckmaker by sales Tata Motors rose 0.76% to Rs 707.45. Tata Motors and Ford reportedly plan to sign a memorandum of understanding possibly on 5 March 2008 for Tata Motors' possible acquisition of Ford's luxury British brands, Jaguar and Land Rover. The complete sale of Jaguar-Land Rover to Tatas will take 6-8 weeks.

Ispat Industries clocked highest volume of 2.05 crore shares on BSE. Tulsi Extrusions (1.86 crore shares), IRB Infrastructure Developers (1.53 crore shares), Reliance Natural Resources (1.2 crore shares) and Centurion Bank of Punjab (86.15 lakh shares) were the other volume toppers in that order.

Reliance Industries clocked highest turnover of Rs 364.71 crore on BSE. OnMobile Global (Rs 310.87 crore), IRB Infrastructure Developers (Rs 306.7 crore), Reliance Capital (Rs 262.46 crore) and Tulsi Extrusions (Rs 231.1 crore) were other turnover toppers in that order.

A per provisional data on NSE,foreign institutional invstor (FIIs) purchased shares worth Rs 350.45 crore today, 27 February 2008. Domestic funds bought shares worth Rs 341.35 crore.

European shares eased after results from British mortgage lender HBOS weighed on banks, although the decline was limited by a rally in crude oil that supported energy shares. France’s CAC 40, Germany’s DAX and UK’s FTSE 100 were down by between 0.33%-0.87%.

In Asia, the key benchmark indices in Hong Kong, China, Japan, South Korea, Singapore and Taiwan were up by between 0.69% to 2.7%.

US stocks rose for a third day on Tuesday as technology companies gained on IBM's plans to buy back $15 billion of its shares and the energy sector advanced on a record high close for oil in New York. The Dow Jones industrial average was up 114.70 points, or 0.91%, at 12,684.92. The Standard & Poor's 500 Index was up 9.49 points, or 0.69%, at 1,381.29. The Nasdaq Composite Index was up 17.51 points, or 0.75%, at 2,344.99.

On the New York Mercantile Exchange, April 2008 crude settled at a record $100.88 a barrel, up $1.65, on Tuesday.

On Tuesday, 26 Februray 2008, the market had extended Monday (25 February 2008)'s gains after Railway Minister Lalu Prasad Yadav provided thrust on modernising rail infrastructure in Railway Budget 2008-09 which he presented to parliament on that day. The 30-share BSE Sensex rose 155.62 points or 0.88% at 17,806.19. Keeping the common man in mind, the railway minister also cut passenger fares, with parliamentary elections due in 2009. Firm global markets also helped support domestic bourses.

Trading Call - Network 18

Buy Network 18 with a stop loss of Rs 338 for target of Rs 411

Pre Budget Expectations - 2008

Pre Budget Expectations - 2008

Daily Technicals - Feb 27 2008

Daily Technicals - Feb 27 2008

Key Highlights - Railway Budget

Railway Minister Lalu Prasad Yadav announced his fifth Railway budget 2008-09 today (Feb 26, 2008). Key highlights of the Railway Budget are as follows:

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> Revenue from passenger fares rose 14% in 2007-08

> In April-December, revenue from frieght services climbed 8-10% to Rs 347 billion

> Additional frieght services of Rs 20 billion

> Cash surplus of Rs 250 billion

> Operating ratio at 76%

> Dividend of Rs 88

> Railway fund balance up at Rs 204.80 billion

> Reduced fares helped to increase volumes and profits

> Productivity of railway assets have been constantly increasing

> Adopted tariff to go up market share and revenues

> To produce only stainless steel coaches from FY10

> To link train via software communications by 2009

> New coaches in all Shatabdi Trains by 2011

> To have online contol of trains in 2 years

> New coaches in all Rajdhani Trains by 2009

> Plan to spend Rs 750 bn on infrastructure over 7 years

> Stainless steel coaches likely to benefit steel companies viz. JSW Steel, Jindal Stainless,
Tata Steel, BEML, Texmaco

> 25 - 20 Tonne Axle Loads trains to be started

> Thrust on IT likely to benefit domestic software companies

> To manufacture 20,000 Wagons by FY09

> 50 new terminals planned in Mumbai, Pune, Ghaziabad

> To have new Wagon Leasing Policy

> 200 MT tariff seen from cement in 2011 - 12

> Container Corporations ( CONCOR ) to set up 8 Depots

> To have new policy for Bulk Handling Terminals

> Annual steel traffic aim at 200 million tonnes (MT) by 2011 from 120 MT now

> ETA Display in the long route trains likely to benefit MIC Electronics

> Rs 40 billions to come from real estate development in 2008-09

> Connectivity to Mundra likely to benefit Mundra SEZ, Tata power, Reliance Energy.

> Focus on increased security at railway stations

> Gangmen could become Gatemen in unmanned process

> Planning smart card based ticket system

> Senior citizen women to get a relief of 50% from 30% now

> More facilties to be provided to old and women passengers

> Plan fire prevention device in train coaches on pilot basis, it could cost Rs 70 billions if implemented fully

> CCTV, metal detectors to be installed in all railway stations

> CFL`s to be used in order to encourage power saving

> Doubling of lines to be given priority

> Coach factory to be set up in Kerala, Kerala Government has given 1000 acres land for its
development

> Railways to provide escalators at 50% of the railway stations

> Mother Child Health Express likely to be started

> Fares cut announced by Railway Minister

> Sleeper fare cut upto 5% across the board, Re 1 discount to all fares upto Rs 150

> AC I fares to cut by 7%, AC II by 4% and AC III by 3%

> Frieght on petrol and diesel cut by 5%

> Frieghtrates on FLY ASH cut by 14%

Market Wrap - Feb 26 2008

On Tuesday, BSE Sensex ended the day with a gain of 155.62 points, or 0.88%, at 17,806.19, while the broad-based NSE Nifty closed at 5,270.05, up 69.35 points, or 1.33%.

The 30-share benchmark index, Sensex, opened with a positive gap of 148.99 points at 17,799.56 mirroring buoyant global cues in the early trades. Later, the index proceeded to trade in the positive terrain on account of sustained buying activity in frontline stocks. Finally, the index closed on a firm note after touching an intraday high of 17, 860.10.

Global markets

Asian stocks advanced on Tuesday (Feb. 26, 2008) after the world`s largest bond insurers retained top credit ratings which eased concerns that the global economic growth will slow on new credit losses.

Market statistics

Out of the total 2,785 stocks traded at the BSE, 1,652 advanced, 1,074 declined while 59 remained unchanged.

Among the sectoral indices, BSE Auto rose 0.54%, Metal rose 1.64%, Power gained 2.65%, BSE Realty moved up 2.53%, IT gained 1.76%, while BSE Bankex shed 0.75%.

Movers and Shakers

Gainers at the Sensex were Grasim, which vaulted 5.06% to close at Rs 3042.70, REL and BHEL rose over 4% each to Rs 1697.25 and Rs 2180.55 respectively. Infosys, HDFC Bank, HUL, ACC, ONGC, Wipro and ICICI Bank were among the other gainers.

Laggards at the BSE Sensex include Bharti Airtel, which dropped 1.38% to end at Rs 838.80, HDFC fell 0.48% to Rs 2574.35 and Tata Motors declined 0.46% to close at Rs 702.10.

Top Turnover

Reliance Power topped the turnover chart with Rs 2,993.5 million followed by Reliance Capital with Rs 1,642.1 million.

Sail, Tata Steel, SBI February 2008 futures at discount

Turnover in F&O segment increases

Nifty February 2008 futures were at 5259.35, at a discount of 10.7 points as compared to spot closing of 5270.05.

The NSE's futures & options (F&O) segment turnover was Rs 56,515.69 crore, which was higher than Rs 51,314.54 crore on Monday, 25 February 2008.

Steel Authority of India (Sail) February 2008 futures were at discount, at 245, compared to the spot closing of 246.60.

Tata Steel February 2008 futures were at discount, at 803.75, compared to the spot closing of 809.60.

State Bank of India (SBI) February 2008 futures were at discount, at 2115, compared to the spot closing of 2124.50.

In the cash market, the S&P CNX Nifty gained 69.35 points or 1.33% at 5270.05.

NSE Bulk Deal Watch - Feb 26 2008

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
26-FEB-2008,CANDC,C & C Constructions Limit,HDFC TRUSTEE CO A/C HDFC INFRASTRUCTURE FUND,BUY,676000,210.00,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ADITI FINLEASE PVT. LTD.,BUY,135478,136.21,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ADROIT FINANCIAL SERVICES PVT LTD,BUY,72062,135.77,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,AMBIT SECURITIES BROKING PVT. LTD.,BUY,210287,137.26,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ANIL M PARMAR,BUY,66163,137.40,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ASHU GUPTA,BUY,175104,139.15,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED,BUY,180539,134.61,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ASSET ALLIANCE SECURITIES PVT. LTD.,BUY,135274,136.93,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ASTRAL FINANCE,BUY,20000,139.55,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,BUY,62448,136.37,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,BHAVIN SURESH CHHEDA,BUY,141135,137.48,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,CHURIWALA SECURITIES PRIVATE LIMITED,BUY,77937,138.35,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,CPR CAPITAL SERVICES LTD.,BUY,425836,137.17,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,CREDENTIAL STOCK BROKERS LIMITED,BUY,170775,136.75,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,DEPANSU SECURITIES (INDIA) PVT LTD,BUY,197234,138.10,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,DINDAYAL BIYANI STOCK BROKERS LTD.,BUY,67478,137.73,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,DINESH MUNJAL,BUY,586288,138.14,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,FIN BRAINS SECURITIES (INDIA) LTD.,BUY,260934,135.27,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,G RAMAKRISHNA,BUY,83000,140.42,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,HARBUX SINGH SIDHU,BUY,673702,140.05,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,INDU MAHENDRA SHAH,BUY,86368,139.93,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,JAIN LALITKUMAR C,BUY,84996,137.77,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,JIGNESH ENTERPRISES,BUY,85135,135.06,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,KAKANI OMPRAKASH,BUY,395604,137.99,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,KHANDWALA TRADELINK CO,BUY,170835,139.79,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,KIRTIKUMAR KANTILAL SHAH,BUY,100000,138.75,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,LATIN MANHARLAL SECURITIES PVT. LTD.,BUY,234269,138.18,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,MAHENDRA DHANJI CHHEDA,BUY,265433,136.77,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,MANISH VRAJLAL SARVAIYA,BUY,213960,136.85,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,MUKESH BROKERAGE & FINANCIAL (INDIA) LTD.,BUY,73858,136.82,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,NARENDRAKUMAR CHORDIA,BUY,141074,139.69,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,NEERU BANSAL,BUY,238128,139.11,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,NISSAR BROTHERS,BUY,178628,135.62,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,P RAMESH CHANDRA,BUY,65461,136.43,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,PAVAN JAIN (HUF),BUY,106955,137.12,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,PRASHANT JAYANTILAL PATEL,BUY,220807,137.06,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,PRAVIN JUMKHALAL SHAH,BUY,300301,138.17,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,PUJA TAPARIA,BUY,75000,139.96,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,R APPALA RAJU,BUY,220000,137.92,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,R.M. SHARE TRADING PVT LTD,BUY,514960,136.84,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,RADHIKA DIPAN MEHTA,BUY,108244,135.68,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,RUPESH KIRIT DALAL,BUY,369803,139.50,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,S SIVAKUMAR,BUY,174101,139.90,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,SANJAY BHANWARLAL JAIN,BUY,593160,138.70,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,SATYA FINANCIAL SERVICES PROP ADARSH KUMAR AGGARWAL,BUY,72000,134.68,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,SHAH HEMANG DINESH,BUY,437303,139.04,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,SHANTANU GUPTA,BUY,70000,139.44,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,SHETH BROTHERS,BUY,123083,139.32,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,SUNIL PANDURANG MANTRI,BUY,123311,137.57,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,TRANSGLOBAL SECURITIES LTD.,BUY,1030186,137.62,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,VELBAI KHIMJI CHHEDA,BUY,465327,139.09,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,VIJAY KUMAR RAMAVAT,BUY,367803,136.48,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,VIMALA.S.,BUY,64321,141.65,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,VIMESHDOSHI,BUY,96373,138.51,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,VIREN RAMNIKLAL KENIA,BUY,105560,139.79,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,YES INVESTMENTS VISHAL KISHORE BHATIA,BUY,185000,136.95,-
26-FEB-2008,CANDC,C & C Constructions Limit,ADVANTAGE ADVISORS BLACKSTONE ASIA ADVISORS,SELL,676365,210.00,-
26-FEB-2008,SAKHTISUG,Sakthi Sugars Ltd.,MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB,SELL,225000,78.09,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ADITI FINLEASE PVT. LTD.,SELL,137478,136.53,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ADROIT FINANCIAL SERVICES PVT LTD,SELL,72062,135.82,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,AMBIT SECURITIES BROKING PVT. LTD.,SELL,215287,137.00,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ANAND YOGESH SHARES AND CONSULTANCY PVT LTD,SELL,215596,138.89,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ANIL M PARMAR,SELL,66163,137.27,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ASHU GUPTA,SELL,175104,139.22,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED,SELL,180539,135.93,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ASSET ALLIANCE SECURITIES PVT. LTD.,SELL,135274,137.42,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ASTRAL FINANCE,SELL,70000,129.07,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,SELL,70948,136.15,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,BHAVIN SURESH CHHEDA,SELL,141135,137.63,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,CHURIWALA SECURITIES PRIVATE LIMITED,SELL,77937,138.28,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,CPR CAPITAL SERVICES LTD.,SELL,425836,137.28,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,CREDENTIAL STOCK BROKERS LIMITED,SELL,170775,136.90,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,DEPANSU SECURITIES (INDIA) PVT LTD,SELL,197234,138.16,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,DINDAYAL BIYANI STOCK BROKERS LTD.,SELL,67478,138.78,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,DINESH MUNJAL,SELL,586288,138.34,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,FIN BRAINS SECURITIES (INDIA) LTD.,SELL,260934,135.55,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,G RAMAKRISHNA,SELL,83000,139.74,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,HARBUX SINGH SIDHU,SELL,673702,140.07,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,INDU MAHENDRA SHAH,SELL,86368,140.03,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,JAIN LALITKUMAR C,SELL,84996,137.98,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,JIGNESH ENTERPRISES,SELL,85135,135.24,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,KAKANI OMPRAKASH,SELL,395604,138.24,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,KHANDWALA TRADELINK CO,SELL,170835,139.66,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,LATIN MANHARLAL SECURITIES PVT. LTD.,SELL,237269,138.26,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,MAHENDRA DHANJI CHHEDA,SELL,271007,136.96,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,MANISH VRAJLAL SARVAIYA,SELL,213960,137.16,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,MUKESH BROKERAGE & FINANCIAL (INDIA) LTD.,SELL,73858,137.01,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,NARENDRAKUMAR CHORDIA,SELL,142074,140.06,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,NEERU BANSAL,SELL,238128,139.07,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,NISSAR BROTHERS,SELL,178628,135.77,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,P RAMESH CHANDRA,SELL,65461,136.56,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,PAVAN JAIN (HUF),SELL,106955,137.21,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,PRASHANT JAYANTILAL PATEL,SELL,220807,137.17,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,PRAVIN JUMKHALAL SHAH,SELL,301801,138.29,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,PUJA TAPARIA,SELL,75000,140.76,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,R APPALA RAJU,SELL,220000,137.46,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,R.M. SHARE TRADING PVT LTD,SELL,514960,137.06,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,RADHIKA DIPAN MEHTA,SELL,108244,135.99,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,RUPESH KIRIT DALAL,SELL,369803,139.92,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,S SIVAKUMAR,SELL,174101,140.43,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,SANJAY BHANWARLAL JAIN,SELL,593160,138.81,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,SATYA FINANCIAL SERVICES PROP ADARSH KUMAR AGGARWAL,SELL,72000,135.00,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,SHAH HEMANG DINESH,SELL,437303,139.06,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,SHANTANU GUPTA,SELL,70000,134.79,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,SHETH BROTHERS,SELL,118083,139.72,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,SUNIL PANDURANG MANTRI,SELL,123311,137.50,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,TRANSGLOBAL SECURITIES LTD.,SELL,1030190,137.73,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,VELBAI KHIMJI CHHEDA,SELL,471737,139.12,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,VIJAY KUMAR RAMAVAT,SELL,377118,137.12,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,VIMALA.S.,SELL,64321,140.70,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,VIMESHDOSHI,SELL,96373,138.85,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,VIREN RAMNIKLAL KENIA,SELL,105560,139.44,-
26-FEB-2008,TULSI,Tulsi Extrusions Limited,YES INVESTMENTS VISHAL KISHORE BHATIA,SELL,185000,139.36,-

BSE Bulk Deals to Watch - Feb 26 2008

Deal Date Scrip Code Scrip Name Client Name Deal Type * Quantity Price **
26/2/2008 531223 ANJANI SYNTH NATRAJ FINANCIAL AND SERVICES LTD B 257158 57.79
26/2/2008 531223 ANJANI SYNTH ANKIT NARENDRA BAHUVA B 70054 57.10
26/2/2008 531223 ANJANI SYNTH NATRAJ FINANCIAL AND SERVICES LTD S 257158 57.90
26/2/2008 532475 APTECH LTD HSBC FINANCIAL SERVICES MIDDLEEAST LIMITED S 400000 227.50
26/2/2008 524663 BHARAT IMUNO SHAH VIJAY CHANDULAL HUF B 70000 27.91
26/2/2008 524663 BHARAT IMUNO NALINI VIJAY SHAH S 70004 27.90
26/2/2008 590059 BIHAR TUBES JAGAN INDUSTRIES LTD B 50000 142.85
26/2/2008 531682 CAT TECHNOL SARFARAZKHAN SARVARKHAN PATHAN B 879588 9.75
26/2/2008 531682 CAT TECHNOL SARFARAZKHAN SARVARKHAN PATHAN S 905038 9.64
26/2/2008 501827 CEN PRO RAIL RAJESH RAILYA S 5205 160.10
26/2/2008 532397 CONTECH SOFT PRAMOD PESTICIDES PVT. LTD. B 30000 13.95
26/2/2008 532271 CYBERMAT INF SARFARAZKHAN SARVARKHAN PATHAN B 1586623 9.29
26/2/2008 532271 CYBERMAT INF SARFARAZKHAN SARVARKHAN PATHAN S 1666604 9.05
26/2/2008 532857 GLORY POLY INTEGRAL VINIMAY PRIVATE LTD B 120631 103.33
26/2/2008 505893 HIND HARDY S KANTA DEVI RATHI B 8000 84.10
26/2/2008 505893 HIND HARDY S KANTA DEVI RATHI S 8000 80.35
26/2/2008 531314 INTEGRA CAPI SUSHIL KUMAR VOHRA S 25000 4.05
26/2/2008 523062 J J FINANCE SINKI COMMODITIES PVT LTD B 40000 11.68
26/2/2008 523062 J J FINANCE MANOJ KUMAR AGARWAL S 40000 11.68
26/2/2008 513250 JYOTI STRUCT ABN AMRO BANK N.V. LONDON S 803203 208.00
26/2/2008 530771 KLG CAPI SER URMILA GARG S 17131 36.21
26/2/2008 531241 LINC PEN PLA SUNIANA MARKETING PVT LTD B 115000 40.20
26/2/2008 531241 LINC PEN PLA SHREE BALAJI SAREES PVT LTD S 100000 40.16
26/2/2008 517417 PATEL AIRTEM ASTER BUSINESS RESEARCH PVTLTD PMS S 30800 71.00
26/2/2008 532669 SOUTHBIOTEC MACKERTICH CONSULTANCY SERVICES P VT LTD B 150000 35.25
26/2/2008 532669 SOUTHBIOTEC VATICAN COMMERCIALS LTD S 150000 35.25
26/2/2008 530585 SWASTIK INV MADHOPRASAD ISWARPRASAD JAJODIA HUF B 20000 36.85
26/2/2008 530585 SWASTIK INV SONAL TUSHAR SHAH S 20000 36.85
26/2/2008 531703 TRIBHVAN HSG GOPALA PILLAI VIJAYAKUMAR B 45000 25.30
26/2/2008 531703 TRIBHVAN HSG G R PANDYA SHARE BROKING LTD B 126600 24.90
26/2/2008 531703 TRIBHVAN HSG DYNAMIC EQUITIES PRIVATE LIMITED S 50000 24.50
26/2/2008 532948 TULSI EXTRU MBL AND COMPANY LIMITED B 271828 139.15
26/2/2008 532948 TULSI EXTRU SHETH BROTHERS B 133418 139.83
26/2/2008 532948 TULSI EXTRU ASSET ALLIANCE SEC PVT LTD B 157200 137.95
26/2/2008 532948 TULSI EXTRU AYODHYAPATI INVESTMENT PVT. LTD B 70000 136.67
26/2/2008 532948 TULSI EXTRU ANAND YOGESH SHARES AND CONSULTANCY PVT LTD B 354505 142.15
26/2/2008 532948 TULSI EXTRU SHAILENDRA HAJARIMAL SETH B 74216 136.09
26/2/2008 532948 TULSI EXTRU SAM GLOBAL SECURITIES LTD B 96311 137.55
26/2/2008 532948 TULSI EXTRU H.J.SECURITIES PVT.LTD B 174340 135.92
26/2/2008 532948 TULSI EXTRU BHANDARI RAKHI KALPESH B 191961 137.26
26/2/2008 532948 TULSI EXTRU YATIN SATRA B 87755 137.26
26/2/2008 532948 TULSI EXTRU RUPESH KIRIT DALAL B 128166 139.54
26/2/2008 532948 TULSI EXTRU MBL AND COMPANY LIMITED S 271828 139.40
26/2/2008 532948 TULSI EXTRU SHETH BROTHERS S 133418 139.68
26/2/2008 532948 TULSI EXTRU ASSET ALLIANCE SEC PVT LTD S 157200 137.55
26/2/2008 532948 TULSI EXTRU AYODHYAPATI INVESTMENT PVT. LTD S 70000 139.29
26/2/2008 532948 TULSI EXTRU ANAND YOGESH SHARES AND CONSULTANCY PVT LTD S 119150 140.02
26/2/2008 532948 TULSI EXTRU SHAILENDRA HAJARIMAL SETH S 74216 135.43
26/2/2008 532948 TULSI EXTRU SAM GLOBAL SECURITIES LTD S 96311 137.55
26/2/2008 532948 TULSI EXTRU H.J.SECURITIES PVT.LTD S 174340 135.91
26/2/2008 532948 TULSI EXTRU BHANDARI RAKHI KALPESH S 191961 138.55
26/2/2008 532948 TULSI EXTRU YATIN SATRA S 87755 137.70
26/2/2008 532948 TULSI EXTRU RUPESH KIRIT DALAL S 128166 138.96
26/2/2008 526953 VENUS REMEDS MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. S.V. B 150000 489.97
26/2/2008 526953 VENUS REMEDS RAKHI PROPERTIES AND LEASING P S 48000 490.00
26/2/2008 526953 VENUS REMEDS RAKHI TRADIING PVT. LTD. S 49200 478.03

Eveninger - Feb 26 2008

Eveninger - Feb 26 2008