Movers & Shakers

• Pearl Global hit the upper circuit breaker of 10% on receiving an order valued at $0.5 million from H&M of Sweden and Netherlands for the supply of knitted T-shirts.
• MSK Projects India gained on the receipt of an order worth Rs21.20 crore from the Pimpri Chinchwada Municipal Corporation, Pune.
• Era Constructions gained marginally on bagging a construction contract for the Gwalior bypass.
• Cyber Media slipped despite acquiring a 49% stake in the US-based content services company Publication Services, Inc.
• Greenply Industries notched up significant gains on signing a $5 million deal for carbon emission purchase with a private investment fund.

Movers & Shakers

• Maruti rallied sharply on reports of a 36% jump in the November sales numbers of its Omni and Versa models.
• Ranbaxy flared up on acquiring Be-Tabs Pharmaceuticals, the fifth largest generics company in South Africa, for $70 million.
• Punj Lloyd zoomed up on bagging a large contract for the construction of a LDPE plant in Thailand.
• Heritage Foods notched up significant gains on commissioning its first pilot retail store at Secunderabad.
• Banswara Syntex gained on bagging an export order worth Rs15 crore from Carreman Michel Thierry of France.
• Steel Strips Wheels shot up after showing a growth of 49% in its production and a growth of 35% in its sales in the month of November 2006.

Movers & Shakers

• United Phosphorus notched up gains on reports that the company has acquired the global propanil herbicide business of Dow AgroSciences LLC.
• Petron Engineering advanced on bagging an order worth Rs9.95 crore from IOC.
• Rajesh Exports inched up marginally on reports that the company plans to launch six more Laabh showrooms in the country.
• Flawless Diamond slipped despite announcing the company's entry into the retail business.
• Gemini Communication moved up on bagging an order worth Rs20 crore for computerisation of village panchayats.

Movers & Shakers

• Satyam slipped despite launching a 100-seater development centre in Guangzhou Software Park, China.
• Ranbaxy inched up on reports that the US court has upheld the company�s 180-day exclusivity on Simvastatin tablets.
• HDFC eased despite reports of the launch of its operations in London to facilitate the Indians in the UK to acquire property in India.
• United Phosphorus gained on picking up a stake in the Cerexagri group.
• i-flex Solutions ended weak despite the launch of Flexcube as a hosted offering to community banks in the USA.

More Sharekhan Reports ?

Movers & Shakers

• Punj Lloyd, which announced that it has bagged an EPC order worth Rs803.70 crore from Qatar Petroleum, logged significant gains.
• Vertex Spinning moved up on reports that the company is developing an integrated textile park at Dhule, Maharashtra with a total investment of Rs3,060 crore.
• Indian Hotels ended with modest gains after the company executed the final share purchase agreement with the owners of Hotel Ritz Carlton, Boston.
• Simplex Infrastructures, which received a contract from Delhi Metro Rail Corporation worth Rs212.11 crores, moved up sharply.
• Raymond notched up gains on reports that the company has signed a joint venture agreement with Grotto SpA, Italy.

Sharekhan Movers & Shakers

* Satra Properties rallied sharply on reports that it has signed a MOU for the acquisition of property at Calicut, Kerala.
* ICSA India declined despite bagging an order worth Rs17.65 crore from Kerala State Electricity Board.
* Mazda slipped despite reports that the company has bagged an order from Inertia Iron & Steel worth Rs59 lakh.
* HOEC inched lower despite reports that it has entered into a $100 million loan agreement with a consortium of banks.
* KPIT Cummins ended lower despite announcing a 1:1 bonus and a 5:2 stock split.
* IDFC, which announced that it has entered into a MOU with Bank of India and Union Bank of India for financing of infrastructure projects, ended with losses.

Sharekhan Movers & Shakers

• Geojit Financial Services hit the upper circuit breaker of 10% on reports that the company will issue 7.96 crore shares on a preferential basis to BNP Paribas.
• Sona Koyo Steering Systems gained on capital expenditure plans of Rs400 crore over the next 35 months.
• Infosys, which has implemented SAP solutions for RFID for Chep's global track and trace system, ended with steep losses.
• Ranbaxy slipped despite signing a marketing deal with the Debiopharm group of Switzerland.
• Four Soft declined despite its UK subsidiary's proposal to acquire the freight and shipping business of FWL Technologies.

Market slips marginally on late selling

The Sensex drifted into the red towards the close and ended the trading session at 12709.
The market witnessed selling pressure towards the close, after an early rally had seen the Sensex notch up gains of 125 points on sustained buying support.

The Sensex began the day with gains of 32 points at 12756 on the back of firm Asian indices and surged above 12800 to touch an intra-day high of 12849. The Sensex held firm above 12800 amid a range-bound trend for the better part of the trading session before the resumption of selling dragged it to the day's low of 12680. The Sensex ended the session with losses of 14 points at 12709, while the Nifty was down a point at 3677. However, the other Asian indices like the Nikkei, the Hang Seng, the Kospi and the Straits Times closed with gains of nearly 1% each.

Among the losers, Satyam shed 2.82% at Rs428, ITC dropped 2.52% at Rs186, Bajaj Auto lost 1.70% at Rs2,742 and Maruti was down nearly 1% at Rs937. However, Reliance Energy rose 1.64% at Rs460, Tata Steel jumped 1.23% at Rs508, Wipro added 1.10% at Rs556 and Bharti Airtel moved up by 1.13% at Rs497.

On the sectoral front, the BSE CD index rose 1.58% at 3417 while the BSE FMCG index dipped 1.15% at 2009. The market breadth was positive. Of the 2,515 stocks traded on the BSE, 1,293 stocks advanced, 1,132 stocks declined and 90 stocks ended unchanged.

Among the consumer durable stocks Mirc Electronics soared 4.11% at Rs25, Videocon Industries advanced 3.30% at Rs501, Whirlpool jumped 2.87% at Rs39 and Hitachi Home Appliances was up 1.62% at Rs75. Blue Star, VIP Industries and Blow Plast also ended with steady gains.

Over 1.35 crore IFCI shares changed hands on the BSE followed by Hanung Toys & Textiles (1.20 crore shares), Nandan Exim (56.37 lakh shares), SAIL (43.69 lakh shares) and Tech Mahindra (35.99 lakh shares).

Value-wise Tech Mahindra registered a turnover of Rs300 crore on the BSE followed by Tata Steel (Rs178 crore), Reliance Industries (Rs157 crore), Hanung Toys & Textiles (Rs115 crore) and Hindustan Zinc (Rs69 crore).

Market falters after touching new intra-day high

The Sensex was on the verge of touching the 13000 level in early trades and touched a new intra-day high of 12994 before profit taking pulled it down and weighed on the
sentiment throughout the session. The fall came after the Sensex had notched up gains of 574 points in the last three trading sessions. On the back of weak Asian indices, early trades saw the Sensex slip into the red after adding 66 points to its previous close. The cautious trend with a negative bias prevailed for the rest of the trading session, with the index taking a sharp dip in the afternoon to touch the day's low of 12819, 109 points below its last close. Renewed buying in metal and other counters saw the Sensex pare losses to a considerable extent and end the session with losses of 44 points at 12884. The Nifty shed nine points to close at 3715.

Dragging down the Sensex, HDFC Bank tumbled 3.58% at Rs1,009, HLL declined 2.19% at Rs232, HDFC fell 2% at Rs1,515, Infosys dropped 1.13% at Rs2,074, NTPC lost 2.13% at Rs128, TCS dipped 1.46% at Rs1,114, Grasim slipped 1.67% at Rs2,624 and Gujarat Ambuja Cements was down 1.11% at Rs120. However, Satyam rose 3.27% at Rs450, BHEL advanced 1.95% at Rs2,463 and Hero Honda moved up by 1.57% at Rs758.

On the sectoral front, the BSE Metal index jumped 1.33% at 8908 while the BSE FMCG index fell 1.12% at 2048. The market breadth was negative. Of the 2,556 stocks traded on the BSE, 1,646 stocks declined, 838 stocks advanced and 72 stocks ended unchanged.

Movers & Shakers

* Cadila Healthcare gained on receiving the USFDA nod to market Zonisamide capsules in the USA.
* Micro Technologies declined despite signing an agreement for Home Security System Micro HSS with Macrosoft Associates of the USA.


Among the metal stocks Hindustan Zinc soared 9.74% at Rs820, Binani Industries surged 5.24% at Rs309, SAIL gained 4% at Rs86, Kalyani Steel added 3.88% at Rs321 and Lanco Industries moved up by 3.67% at Rs41. Bhushan Steel Strips, Ispat Industries, Sterlite Industries and GMDC were up 1-3% each.

Over 93.08 lakh Nandan Exim Bank shares changed hands on the BSE followed by Atlanta (79.03 lakh shares), Gayatri Projects (46.80 lakh shares), Action Construction Equipment (36.31 lakh shares) and SAIL (34.67 lakh shares).

Value-wise Atlanta registered a turnover of Rs265 crore on the BSE followed by Hindustan Zinc (Rs198 crore), Gayatri Projects (Rs148 crore), Reliance Industries (Rs129 crore) and Satyam (Rs98 crore).

Sharekhan Movers & Shakers

• Suzlon Energy rallied sharply after the company reported that its Denmark subsidiary has bagged an order in South America.
• Crest Animation Studios hit the upper circuit breaker of 10% on getting the board's nod to raise Rs41 crore via preferential share sale to DE Shaw Composite Investments of Mauritius.
• Dolphin Offshore Enterprises rose on reports that the company has signed a MoU with IMPaC Offshore engineering of Germany.
• Deccan Aviation ended higher on reports that the company has roped in European banks to fund its aircraft purchases.

Sharekhan Movers & Shakers

• Granules India soared on reports that the company has formed a 50:50 joint venture with China's Biocause Heilen Pharmaceutical.
• Allsec Technologies moved up following reports that First Carlyle Ventures Mauritius has acquired a 4.93% stake in the company from Euronet.
• Aptech inched lower despite the company announcing that it has got the board's nod to acquire a 70% stake in Synergetics

Sharekhan Movers & Shakers

• Geometric Software Solutions moved up on acquiring Modern Engineering's engineering division for $25 million.
• Shree Renuka Sugars gained on getting the SEZ status for its sugar unit in Karnataka.
• BSEL Infrastructure Realty slipped despite signing a joint venture contract with Unity Infraprojects for participating in the tenders offered by the Nagpur Municipal Corporation.
• Bank of Maharashtra tumbled in spite of reports that the bank is considering raising Rs300 crore via Tier-II bonds.

Sharekhan Movers & Shakers

• Dr Reddy�s Laboratories inched up on reports that the company has settled its patent litigation with GlaxoSmithKline relating to sumatriptan succinate tablets.
• JBF Industries rallied sharply after the company reported that it has completed the expansion of its polyester yarn manufacturing facilities at Silvassa.
• Mohit Industries hit the upper circuit breaker of 10% on expansion plans worth Rs90 crore and receiving an order to the tune of Rs9.50 crore.
• Elecon Engineering advanced on bagging an order worth Rs36.75 crore from Madras Cement.
• Abee Info Consumables declined despite signing an agreement with HPCL to open cartridge collection and refilling centres at selected petrol pumps in Pune.
• Kewal Kiran Clothing slipped even as the company announced acquisition of land measuring 53,000 square feet and building space measuring about 40,000 square feet at Daman

Movers & Shakers

* Man Industries rallied sharply on securing international orders worth Rs600 crore.

* Mefcom Agro Industries hit the upper circuit breaker of 5% on acquiring a majority stake in Kamayani Patients (Care) India.

* Abbott India gained on reports that the company has decided to buy-back shares worth Rs52.47 crore from its shareholders.

* Dolphin Offshore Enterprises moved up on bagging a consortium order to execute the $32.19 million ONGC's BBBLRP project.

* Patel Engineering scaled up on winning orders worth Rs176 crore from RVNL.

* Silverline Technologies was locked at the upper limit of 5% on reports of the settlement of its previous dues through the sale and lease of its software technology park in Thane.

* Tricom India inched up on signing a MoU to acquire a service bureau in the USA.

* Classic Diamonds ended a tad lower despite entering into an arrangement with retail jewellers in the Saudi Arabian countries to market its necklaces priced below $20,000.

* i-flex Solutions eased marginally in spite of the company's Flexcube introducing Swiftnet Services Integrator that will address all SwiftNet requirements of banks.

Movers & Shakers

* TV18 moved up marginally following reports that the company's Internet arm Web18 Carymans has raised $10 million from Tracer Capital.

* K Sera Sera Productions advanced on reports that the company has opened a subsidiary K Sera Sera Singapore in Singapore.

* Ranbaxy slipped despite the news that its Canadian subsidiary has signed a marketing agreement to supply generic fentanyl patches in Canada.

* Cipla, which announced the setting up of a wholly-owned subsidiary Cipla FZE in UAE, inched marginally lower.

Movers & Shakers

• Micro Technologies hit the upper circuit breaker of 10% on getting the nod from the Department of Explosives of the Ministry of Commerce and Industry to use its security products in petroleum road tankers.
• Orient Paper & Industries was frozen at the upper limit of 5% on the company�s proposal for a rights issue and expansion plans.
• Gujarat State Fertilisers & Chemicals gained on setting up a joint venture company called Tunisian Indian Fertilizers.
• Subex Azure advanced on signing a partnership deal with Hitachisoft.
• Tata Tea inched up on signing a definitive agreement to acquire a 33% stake in South Africa�s Joekels Tea Packers.
• Bartronics gained on reports that the company has tied up with Watchdata Technologies for sourcing and marketing smart card products in India and the neighbouring countries.
• Simbhaoli Sugar Mills inched lower despite announcing the commissioning of its new ethanol plant in Uttar Pradesh at a cost of over Rs25 crore.
• NIIT Technologies eased marginally despite the company entering into a partnership deal with Singapore�s Defense Science and Technology Agency.

Movers & Shakers

• Satyam Computer Services, which announced the launch of a global innovation hub in Singapore, ended in the red.
• Welspun-Gujarat Stahl Rohren dropped even as the company announced the signing of a MoU with Volzhsky Pipe Plant of Russia.
• Ceat, which raised $10 million through the ECB route, closed in negative territory.
• ACC slipped despite reporting higher cement production and sales figures for the month of September.
• Birla Power Solutions dipped marginally despite announcing the signing of an advertising deal with BCCL.
• Goldiam International inched lower despite signing a MoU with Cinemax multiplexes to sell its silver fashion jewellery.

Movers & Shakers

• Visualsoft Technologies flared up on getting the board's
  nod to merge Megasoft with itself.
• Dabur Pharma surged on reports that its UK arm has got the USFDA nod for the Carboplatin molecule.
• Jyoti Structures advanced on winning a consortium order worth Rs180.27 crore from Dubai Electricity and Water Authority.
• Saksoft hit the upper circuit breaker of 5% after the company announced the acquisition of Acuma for $17 million.
• Petron Engineering Construction was frozen at the upper limit of 5% on bagging an order worth Rs12.43 crore from Madras Cements.
• Rasandik Engineering inched lower on reports that the company has invested Rs98 lakh in its subsidiary RACPL.
• i-flex Solutions, which completed the acquisition of Mantas in an all-cash deal for $122.5 million, ended flat.

Movers & Shakers

• Electrotherm India hit the upper circuit breaker of 5% on reports that the company plans to raise Rs100 crore.
• Rana Sugars slipped despite announcing plans to install an ethanol-manufacturing unit at its existing distillery in Punjab.
• Sakthi Sugars was down despite announcing that it has repaid debts by availing loans at a cheaper rate from the banks and institutions.
• Sri Adhikari Brothers Television Network inched lower despite getting the board's nod to raise $15 million.