Gainers of the Week

Some Gainers of the Week :

Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
National Fertili
A
42.15
66.80
+ 58.48
+
Jindal St & Pwr
A
8,382.30
12,661.40
+ 51.05
+
Mangalore Refine
A
60.70
82.10
+ 35.26
+
Reliance Petroleum
A
202.10
269.40
+ 33.30
+
Jindal Saw
A
615.45
816.70
+ 32.70
+
LIC Housing Fi
A
274.15
354.95
+ 29.47
+
Engineers India
A
726.35
904.10
+ 24.47
+
Bank of India
A
307.40
377.95
+ 22.95
+
Dena Bank
A
59.30
72.50
+ 22.26
+
Dredging Corpora
A
786.70
959.05
+ 21.91
+
Fertilisers & Ch
A
23.60
28.55
+ 20.97
+
ONGC
A
1,156.00
1,366.10
+ 18.17
+
Bank of Baroda
A
320.50
372.85
+ 16.33
+
Union Bank of In
A
162.05
187.85
+ 15.92
+
Exide Inds.
A
63.80
73.75
+ 15.60
+
GMR Infrastructure L
A
158.60
182.90
+ 15.32
+
L & T
A
3,876.80
4,461.05
+ 15.07
+
ING Vysya Bank
A
269.60
309.75
+ 14.89
+
Nestle India
A
1,331.95
1,530.05
+ 14.87
+
Bongaigaon Refin
A
61.85
70.85
+ 14.55
+
Tata Power Co.
A
1,134.45
1,297.05
+ 14.33
+
Century Enka
A
144.35
164.25
+ 13.79
+
HDFC Bank
A
1,546.05
1,758.75
+ 13.76
+
MICO
A
4,280.35
4,850.10
+ 13.31
+
Ramco Systems Lt
A
155.10
175.70
+ 13.28
+
Indian Bank
A
144.50
163.15
+ 12.91
+
Punj Lloyd
A
443.35
498.40
+ 12.42
+
ICICI Bank
A
1,184.45
1,330.60
+ 12.34
+
Guj. Mineral Dev
A
2,361.80
2,647.90
+ 12.11
+
Bharat Heavy Ele
A
2,431.75
2,715.25
+ 11.66
+
ABB Ltd
A
1,436.70
1,600.50
+ 11.40
+
Indian Oil Corp
A
446.50
495.70
+ 11.02
+
Reliance Energy Ltd.
A
1,670.00
1,852.35
+ 10.92
+
Siemens Ltd.
A
1,725.40
1,904.20
+ 10.36
+
Alfa Laval (I) Ltd.
A
956.40
1,053.65
+ 10.17
+
Cairn India Ltd.
A
204.30
223.60
+ 9.45
+
IDBI Ltd
A
145.65
158.95
+ 9.13
+
Reliance Capital
A
1,820.20
1,985.70
+ 9.09
+
Corporation Bank
A
415.80
453.20
+ 8.99
+
Rashtriya Chem&Fert.
A
53.20
57.95
+ 8.93
+
Bharat Forge Ltd
A
336.55
366.05
+ 8.77
+
Chennai Petro.
A
299.00
324.60
+ 8.56
+
SBI
A
2,083.95
2,251.75
+ 8.05
+
Guj. Gas Co. Ltd
A
306.30
330.55
+ 7.92
+
Sterlite Indus.
A
955.60
1,026.55
+ 7.42
+
Sterlite Technologie
A
279.15
299.55
+ 7.31
+
JaiprakashAssociates
A
1,352.90
1,446.70
+ 6.93
+
Ipca Laboratorie
A
620.55
660.00
+ 6.36
+
CESC Ltd.
A
552.35
587.05
+ 6.28
+
Neyveli Lignite
A
132.90
141.05
+ 6.13
+
Jindal Stainless Ltd
A
162.55
172.30
+ 6.00

------------------------------------------------


Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
Texmaco
B1
1,152.55
1,759.75
+ 52.68
+
Celestial Labs Ltd.
B1
41.80
60.15
+ 43.90
+
Jindal Photo
B1
151.95
218.00
+ 43.47
+
Reliance Natural Res
B1
99.30
142.00
+ 43.00
+
Wheels India Ltd.
B1
219.40
308.50
+ 40.61
+
Eimco Elecon Ind
B1
440.65
617.05
+ 40.03
+
MRF Ltd
B1
5,623.90
7,867.25
+ 39.89
+
Refex Refrigerants L
B1
119.30
166.50
+ 39.56
+
Lakshmi Elect.
B1
336.90
462.10
+ 37.16
+
TIL Ltd.
B1
352.90
482.45
+ 36.71
+
Adlabs Films Ltd.
B1
724.85
978.45
+ 34.99
+
Adhunik Metaliks
B1
129.40
171.70
+ 32.69
+
Sundaram Finance
B1
505.65
669.00
+ 32.30
+
Cinevistaas Ltd.
T
63.50
83.80
+ 31.97
+
Ashapura Min. Lt
B1
284.35
368.60
+ 29.63
+
JSW Holdings Ltd.
B1
596.20
770.00
+ 29.15
+
Dewan Housing
B1
86.90
111.65
+ 28.48
+
Polyplex Corpn.
B1
158.60
203.75
+ 28.47
+
Nalwa Sons Investmen
T
1,634.50
2,086.00
+ 27.62
+
State Trading
B1
795.55
1,015.20
+ 27.61
+
Walchandnagar
B1
8,169.95
10,408.35
+ 27.40
+
Zandu Pharma.
B1
5,806.35
7,312.10
+ 25.93
+
NOCIL
B1
32.30
40.30
+ 24.77
+
Apcotex Industries L
B1
37.15
46.30
+ 24.63
+
Nilkamal Ltd.
B1
193.55
241.05
+ 24.54
+
Deepak Fert.
B1
106.05
131.25
+ 23.76
+
Salora Intl.
B1
180.65
223.20
+ 23.55
+
Godrej Industries Lt
B1
176.95
218.55
+ 23.51
+
GIC Housing Fi
B1
53.95
66.45
+ 23.17
+
Areva T&D India
B1
2,088.45
2,543.10
+ 21.77
+
LT Overseas Ltd.
B1
43.05
52.40
+ 21.72
+
Voltamp Transformers
B1
1,353.65
1,642.20
+ 21.32
+
Elgi Equipments
B1
58.95
71.35
+ 21.03
+
Mascon Global Lt
B1
12.61
15.25
+ 20.94
+
Can Fin Homes
B1
61.15
73.95
+ 20.93
+
Shirpur Gold Refine.
T
51.65
62.45
+ 20.91
+
MSP Steel & Power Lt
B1
39.60
47.80
+ 20.71
+
Richa Knits
B1
23.90
28.75
+ 20.29
+
Everest Kanto Cylind
B1
230.95
276.50
+ 19.72
+
Shringar Cinemas
B1
61.40
73.50
+ 19.71
+
Bombay Rayon Fashion
B1
229.10
273.35
+ 19.31
+
Asian Electronic
B1
379.55
452.20
+ 19.14
+
Time Technoplast Ltd
B1
640.25
761.85
+ 18.99
+
Arrow Webtex Ltd.
B1
327.55
389.60
+ 18.94
+
Insecticides ( India
B1
56.10
66.70
+ 18.89
+
Aban Offshore Ltd.
B1
4,387.85
5,213.00
+ 18.81
+
Phillips Carbon
T
174.00
205.45
+ 18.07
+
Prithvi Infor. Solu.
B1
243.30
286.80
+ 17.88
+
Deep Industries
B1
151.60
178.65
+ 17.84
+
Prime Focus
B1
1,021.05
1,201.65
+ 17.69
+
Agro Dutch Industrie
B1
26.20
30.70
+ 17.18
+
Honeywell Automation
B1
1,681.85
1,969.15
+ 17.08
+
Apar Industries
B1
222.60
260.45
+ 17.00
+
Indo Tech Transforme
B1
546.35
639.25
+ 17.00
+
Glenmark Pharma
B1
427.70
499.70
+ 16.83
+
DCM Ltd.
T
49.95
58.35
+ 16.82
+
Usha Martin Ltd.
B1
76.25
89.05
+ 16.79
+
Action Construction
B1
382.35
445.10
+ 16.41
+
NoidaTollBridge
B1
35.65
41.50
+ 16.41
+
PTC India
B1
114.65
132.70
+ 15.74
+
Marico Ltd.
B1
62.90
72.70
+ 15.58
+
IndiabullsFinService
B1
604.35
697.85
+ 15.47
+
KCP Ltd.
B1
403.90
465.50
+ 15.25
+
Supreme Inds.
B1
286.75
330.25
+ 15.17
+
Zodiac Clothing
B1
400.00
460.00
+ 15.00
+
Shamken Multifab
T
3.94
4.53
+ 14.97
+
Ramco Industries
B1
974.60
1,120.15
+ 14.93
+
Graphite India Ltd.
B1
57.00
65.45
+ 14.82
+
Jai Balaji Industrie
B1
288.75
329.45
+ 14.10
+
Givo Ltd.
T
6.95
7.92
+ 13.96
+
Goldstone Tech
T
141.35
160.40
+ 13.48
+
Monsanto India
B1
1,331.25
1,509.20
+ 13.37
+
Jyoti Structures
B1
245.70
278.50
+ 13.35
+
Sintex Industrie
B1
415.15
470.00
+ 13.21
+
Guj. Alkalie & C
B1
166.00
187.75
+ 13.10
+
Sunil Hitech Enginee
B1
265.80
300.55
+ 13.07
+
HEG Ltd.
B1
274.55
310.05
+ 12.93
+
Impex Ferro Tech Ltd
B1
17.25
19.45
+ 12.75
+
Eveready Industr
B1
39.95
44.80
+ 12.14
+
India Glycols
B1
334.10
374.20
+ 12.00
+
Shanthi Gears
B1
72.05
80.65
+ 11.94
+
BSEL Infra. Realty
B1
57.30
63.95
+ 11.61
+
Torrent Power Ltd.
B1
155.80
173.60
+ 11.42
+
ABG Shipyard
B1
660.90
736.00
+ 11.36
+
Biocon
B1
506.70
563.55
+ 11.22
+
Sona Koyo Steer.
B1
49.30
54.80
+ 11.16
+
Cholamandalam DBS Fi
B1
182.20
202.00
+ 10.87
+
Mangalore Chem.
B1
36.95
40.95
+ 10.83
+
Bhagwati Banquets &
B1
46.70
51.75
+ 10.81
+
Cosmo Films
B1
85.90
94.85
+ 10.42
+
Maytas Infra Ltd.
B1
642.45
707.85
+ 10.18
+
KEC International Lt
B1
649.10
714.20
+ 10.03

-------------------------------------------------

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Weekly Wrap up: Sensex rises 733 pts

Indian markets continued the bull run, with the bourses setting new paradigms for the world to see in the week ended Nov. 02, 2007. While India`s 30 share benchmark index Sensex surged past the psychological 20,000 mark, broad-based Nifty too pierced the 6,000 mark.

Overcoming the restrictions on P-Notes, the market moved ahead quite significantly this week on speculation that more foreign entities would get registered with SEBI. Short-covering, buoyant quarterly numbers from a few top ranking companies also aided the spectacular rally this week.

Sensex closed up 733.06 points at 19,976.23, while the broad-based NSE Nifty closed at 5,932.40, up 230.10 points for the week ended Nov. 02, 2007.

On Monday, the BSE Sensex closed with a hefty gain of 734.50 points, or 3.82%, at 19,977.67, while the broad-based NSE Nifty gained 203.6 points, or 3.57%, to close at 5,905.90.On

Tuesday, the BSE Sensex closed with a loss of 194.16 points, or 0.97%, at 19,783.51, while the broad-based NSE Nifty lost 37.1 points, or 0.63%, to close at 5,868.8.

On Wednesday, the BSE Sensex closed with a gain of 54.48 points, or 0.28%, at 19,837.99, while the broad-based NSE Nifty was up 31.9 points, or 0.54%, to close at 5,900.65.

On Thursday, the BSE Sensex closed with a loss of 113.64 points, or 0.57%, at 19,724.35, while the broad-based NSE Nifty was down 34.2 points, or 0.58%, to close at 5,866.45.

On Friday, the BSE Sensex closed with a hefty gain of 251.88 points, or 1.28%, at 19,976.23, while the broad-based NSE Nifty closed at 5,932.40, up 65.95 points.

Corporate ResultsHindustan Petroleum Corporation (HPCL), the second largest integrated oil refining and marketing company in India, on a standalone basis posted a steep fall of 59.82% net profit to Rs 8,530.30 million for the quarter ended September 2007 as compared with Rs 12,219.80 million for the corresponding quarter, last fiscal.Mahindra & Mahindra (M&M), a leading maker of utility vehicles, posted a 26.01% decline in net profit at Rs 2,859.47 million for the quarter ended September 2007 as compared to Rs 3,864.77 million for the same quarter, last year.Maruti Suzuki India posted 26.96% jump in net profit at Rs 4,665.00 million for the quarter ended September 2007, as compared to Rs 3,674.40 million for the quarter ended September 2006.

Steel Authority of India (SAIL) announced a 17.84% jump in net profit at Rs 17,002.40 million for the quarter ended September 2007, as compared to Rs 14,428.10 million for the quarter ended September 2006.Reliance Communications on a consolidated basis posted a 85.75% jump in net profit at Rs 13,045.70 million for the quarter ended September 2007 as compared to Rs 7,023.40 million for the quarter ended September 2006.

Tata Motors reported better-then-expected 19.27% growth in net profit at Rs 5,268.40 million for the September 2007 quarter as compared with Rs 4,417.20 million in the corresponding quarter, last year.Bharti Airtel, India`s top telecom operator, on consolidated basis posted 87.04% growth in net profit to Rs 16,437.60 million for the quarter ended Sep. 30, 2007 as against Rs 8,788.40 million in the corresponding quarter, last year.

New ListingShares of Gandhinagar-based Circuit Systems (India) closed with 24.28% premium at Rs 43.50 compared with its issue price of Rs 35. The stock opened with a premium of 20% at Rs 42. The exporter of pointed circuit boards had come out with an initial public offering of 4,244,810 equity shares of Rs 10 each.The company had fixed issue price at Rs 35 a share, and its IPO was open for subscription from Sep. 27, 2007 to Oct. 5, 2007.EconomyRBI hiked the cash reserve ratio (CRR) by 50 basis points to 7.5% effective fortnight beginning Nov.10, 2007. The RBI has kept the repo rate under the LAF, an instrument that injects liquidity in the system, unchanged at 7.75%.

The apex bank also kept the Bank rate unchanged at 6%.All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of Sepember, 2007 remained stationary at 133 (one hundred and thirtythree).India`s fiscal deficit declined at 53.8% in September 2007 as against 58.2% in the corresponding month last year, according to data complied with Controller General of Accounts. InflationIndia`s wholesale price index for `All Commodities` for the week ended Oct. 20, 2007 rose 0.05% to 215.1 from 215.0 for the previous week.The annual rate of inflation, calculated on point-to-point basis, stood at 3.02% for the week ended Oct. 20, 2007, as against 3.07% in the previous week. The annual rate of inflation stood at 5.61% as on Oct. 21, 2006, a year ago.


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Corporate/Personailty of the Day

Amartya Sen

Amartya Kumar Sen CH (Hon) (Bengali: অমর্ত্য কুমার সেন Ômorto Kumar Shen) (born 3 November 1933), is an Indian economist, philosopher, and a winner of the Bank of Sweden Prize in Economic Sciences (Nobel Prize for Economics) in 1998, "for his contributions to welfare economics" for his work on famine, human development theory, welfare economics, the underlying mechanisms of poverty, and political liberalism.
From 1998 to 2004 he was Master of Trinity College at Cambridge University, becoming the first Asian academic to head an Oxbridge college. Amartya Sen is interested in the debate over globalization. He has given lectures to senior executives of the World Bank and he is honorary president of Oxfam.
Among his many contributions to development economics, Sen has produced work on gender inequality. He is currently the Lamont University Professor at Harvard University. Amartya Sen's books have been translated into more than thirty languages. He is a trustee of the Economists for Peace and Security.


For more, Visit: http://en.wikipedia.org/wiki/Amartya_Sen



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RPL News, Corporate Headlines from ET, MC

Moneycontrol.Com

Reliance Petroleum has target of Rs 325-...
Chevron eyes 24% stake in RPL
How does RPL compare to its global peers?
RNRL can test Rs 150: Gaba

RPL or Chevron: Which one's at a
How does RPL compare to its global peers?
2007-11-02 14:23:20 Source : moneycontrol.com
Email Print Version Watch Video
Chevron has said it is evaluating buying stake in Reliance Petroleum, reports CNBC-TV18. It has time till July 2009 to decide and has an option to buy up to 24% in the company.

So, how does RPL compare to its global peers?

Analysts feel that a lot of that is priced into RPL’s price. The stock has seen a steep movement. In fact, the market capitalization of RPL as of now is over USD 30 billion. This, they added, gives you an indication about the valuations it is getting, ahead of the commencement of its operations, which is expected by July next year.

Most analysts are looking at a gross refining margins, or GRM, of USD 15-18 in the first three years of operations. Now, with crude hovering over USD 95, analysts feel that GRMs are expected to be sustained for at least 10-years instead of 3-years. This means that analysts are discounting the cyclical factor of crude prices.

Analysts feel that one should look at RPL’s earnings and sales as a normal company. So for FY10, they are expecting revenue growth at nearly USD 14.2 billion and profitability of USD 2.25 billion. For a company that will come out with such sustained profitability of USD 2.25 billion, given the constant GRMs of USD 15-18 for the next few years, the market is definitely pricing in a higher PE for RPL.

According to analysts, Infosys is being given a PE of 20-25 times FY10. So, why should RPL which is coming out with similar profits not be given the same kind of PE, they question. But that is on the extreme side. Currently, RPL’s PE is hovering around 16 times FY10, which is much higher than global peers.

In fact, Chevron PE is around 9 to 10 times forward PE while Reliance Petroleum is trading at a premium to that, analysts said. However, Chevron has a market capitalization of USD 190 billion and has a refining capacity of nearly 132 million tonne. In that sense, RPL is trading at a premium to its global peers and a lot of this is being going to be discounted when the refinery comes on stream next year.

Reliance Petroleum has target of Rs 325-330: Bose
2007-11-02 11:08:19 Source : moneycontrol.com
Email Print Version Watch Video
Technical Analyst, Rajat K Bose is of the view that Reliance Petroleum has target of Rs 325-330.
Bose told CNBC-TV18, "Beyond Rs 291 is difficult to project because the run up in Reliance Petroleum has been pretty sharp. The target would be Rs 325 to 330 in the short-term. But after yesterday’s fall, such huge volumes I have never seen in any stock with that kind of a market capitalisation. So still it is moving up. It shows that it has got enough of momentum to cross the Rs 291 mark and move forward further. But we need to very closely watch the Rs 291-294 range. In RPL, RNRL bull rally continues, even in such a situation it is pretty encouraging for traders, especially day traders can make lot of money in such counters."
------------
Chevron has said that it is evaluating RPL stake option, adding that it has time till July 2009 to decide, reports CNBC-TV18. It has option to buy up to 24% in RPL, it informed.
--------------------------------------------------------------------------------------------
SBI has target of Rs 2400
Dhawan bullish on bank space
RPL can cross Rs 300
Above Rs 140-145, Triveni Engg can go upto Rs
MF AUM up 16.7% at 5 lakh cr in Oct: AMFI
Long run mkt fundamentals very strong: ICICI Pru


Second innings for Birla's fin services biz
What to expect from Nifty cos this year?
Fed open to further rate cuts if needed: Peter Hooper
Google launches OpenSocial to spread social applications
Airtel introduces the ‘Super Lifetime Prepaid’

Buy 3i Infotech; target of Rs 190: PINC
Rediff.Com reports results for Q2 ended September 30,07
Financial Technologies Group partners with OMX

--------------------------------------------------------------------
The Economic Times.


Reliance Energy arm set to win transmission bid

IDFC Pvt Equity invests Rs 35 cr in Doshion
Apar to sell polymers unit for Rs 1.11 billion
Strong close to week start: Sensex gains 250 pts
Circuit Systems lists at Rs 42 on BSE
MMTC sees strong run-up in 3 months


Glodyne acquires US co for $3.34 mn in cash
Microsoft launches Silverlight 1.0 in India
HCL Technologies ties up with UK's Misys
UN ties up with Google, Cisco to fight poverty


Sale of single-premium policies takes a hit
RBI loan rules turn good assets into bad

Religare Platter: M&M, BoB, Jagran Prakashan, Idea



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MyIris.Com, Rediff Updates

Myiris.Com

NAVs of equity funds advance 10.55% in Oct. `07
Circuit Systems closes with 24.28% premium
Advanta India`s arm buys stake in LongReach
Fiscal deficit declines at 53.8%
L&T enters in JV with US Co

Mundra Port IPO oversubscribed 5.57 times on day two
World Bank approves 3 loans in India
World Bank to grant loans to Maharashtra
Bilcare net up 38.24% for Sep`07 qtr
Active stock: Apar Industries climbs 5%

Inflation declines to 3.02%
Lanco Industries net up 2.4% in Q2
Emami net up 22% for Sep`07 qtr
Power Grid to set up office in Dubai

Barak Valley IPO oversubscribed 29.15 times on closing

------------------------------------------------
Rediff.Com

Which MFs can get you maximum profits
Best IPOs
Top 25 MFs
Mutual funds for long-term investors - V



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COO:A Leading Global MicroFinance Company http://www.coolavenues.com/jobs/1007_1_1363.php

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Operations Management

VP / COO- Manufacturing/OPS- Garment/Shirts:A Leading garments brand - Client of ZodiaAc Group of Consultants http://www.coolavenues.com/jobs/1007_1_1351.php

Project Manager- Business Research / Company Profiles:A Leading Provider of Online Data http://www.coolavenues.com/jobs/1007_1_1355.php

Manager – Technology Outsourcing/ Process Migrations:A Leading Provider Of Independent Risk Consulting & Internal Audit Services http://www.coolavenues.com/jobs/1007_1_1356.php

COO:A Leading Global MicroFinance Company
http://www.coolavenues.com/jobs/1007_1_1363.php

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General Management / Consulting Positions
Following 8 positions are available in World's Leading Management Consulting & Technology Firm: -
Manager - Finance & Performance Management - Enterprise Performance Management - http://www.coolavenues.com/jobs/1007_1_1316.php

Consultant - Finance & Performance Management - Finance Operations - http://www.coolavenues.com/jobs/1007_1_1317.php
Manager - Insurance - Marketing & Sales - http://www.coolavenues.com/jobs/1007_1_1318.php
Manager - Insurance Claims - http://www.coolavenues.com/jobs/1007_1_1319.php
Consultant - Insurance Claims - http://www.coolavenues.com/jobs/1007_1_1320.php
Manager - Insurance - Process Consulting - http://www.coolavenues.com/jobs/1007_1_1321.php
Consultant - Insurance - Process Consulting / Re-engineering - http://www.coolavenues.com/jobs/1007_1_1322.php
Manager - Life Insurance - http://www.coolavenues.com/jobs/1007_1_1323.php



Head - Web Business : MobileNXT http://www.coolavenues.com/jobs/1007_0_3321.php
Global Knowledge Hub - Delivery Manager : Capgemini Consulting India Pvt. Ltd. http://www.coolavenues.com/jobs/1007_1_1324.php
Manager - Insurance Products : A Leading Name in Management & Technology Consulting Domain http://www.coolavenues.com/jobs/1007_1_1328.php
Consultant - Insurance Products : A Leading Name in Management & Technology Consulting Domain http://www.coolavenues.com/jobs/1007_1_1329.php
Manager - Consulting:A Leading Global Management Consulting Company http://www.coolavenues.com/jobs/1007_1_1333.php
Area Manager - Government & Commercial:Gartner India Research & Advisory Services http://www.coolavenues.com/jobs/1007_1_1331.php
ITAS Consultants:Capgemini Consulting India Pvt. Ltd. http://www.coolavenues.com/jobs/1007_1_1337.php
Senior Research Analyst / Associate Manager:RocSearch http://www.coolavenues.com/jobs/1007_1_1338.php
COO - Chemical Manufacturing & Marketing:Client of ZodiaAc Group of Consultants http://www.coolavenues.com/jobs/1007_1_1344.php




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Sensex up by 252 pts at close

NIFTY 5932.40 65.95
SENSEX 19976.23 251.88

The bulls, after staying away from the ring for a better part of the session, staged a dramatic comeback and lifted the market high up into the positive territory in late afternoon trade today.
The negative close on Wall Street and weak Asian markets due to fresh concerns over subprime lending in US did cast a shadow on the Indian bourses when trade commenced this morning.

Though a few frontline stocks, led by State Bank of India, ONGC and Infosys Technologies, managed to find support and posted smart gains in early afternoon trade, it was only during the fag end of the session the bulls decided to swing back into action with great vigor.

The Sensex, which was down with a massive loss of nearly 470 points at 19,255.77 at one stage this morning, vaulted to a high of 20,025.63 in late afternoon trade and ended with a sparkling gain of 251.88 points or 1.28% at 19,976.23. The Nifty, which had tanked to a low of 5714.25, zoomed 1.12% or 65.95 points over its previous closing mark to 5932.40.

State Bank of India (up 8.75% to Rs 2251.75) turned in a sparkling performance and played a stellar role in lifting the sentiment today. Other heavyweights from the banking sector, HDFC Bank (up nearly 5%) and ICICI Bank (2.45%) also finished on a high note.

Reliance Energy (4.8%), ONGC (2.7%), Grasim Industries (2.2%), ITC (2.05%), Infosys Technologies (2.05%) and BHEL (2.05%) posted strong gains. Maruti Suzuki, which remained quite listless today, ended with a sharp gain of 1.8%.

Index heavyweight Reliance Industries bounced back into the positive territory a little past mid afternoon and closed with a handsome gain of 1.55% at Rs 2712.70. Tata Motors (1.5%), NTPC (1.2%) and Tata Steel (1%) also closed with notable gains.

Larsen & Toubro, one of the stocks to buck the weak trend this morning, lost its way midway through the session but recovered well during the final hour of trade to close stronger by 0.8%. Hindustan Unilever, Ambuja Cements, Ranbaxy Laboratories and Dr. Reddy's Laboratories posted modest gains. Bajaj Auto and Tata Consultancy Services ended almost unchanged from their previous closing levels.

Bharti Airtel had another weak outing on concerns over the ACC, Satyam Computer Services, HDFC, Wipro, Cipla and Mahindra & Mahindra eased by 1% - 2%. Despite enjoying a bright spell in the positive territory, Reliance Communications ended in the negative territory with a loss of 0.6%. Hindalco closed with a marginal loss.

Reliance Petroleum, Siemens, Hindustan Petroleum Corporation, Unitech, Punjab National Bank, SAIL and ABB finished with smart gains.
GAIL India, HCL Technologies, Nalco, Hero Honda, GlaxoSmithKline Pharma, Zee Entertainment and VSNL ended with sharp losses.

Besides sector heavyweights State Bank of India, HDFC Bank and ICICI Bank, a few other bank stocks also closed on a high note today. Bank of Baroda, Union Bank of India, Allahabad Bank, Indian Overseas Bank, Andhra Bank, Centurion Bank of Punjab, Yes Bank, Oriental Bank of Commerce, Axis Bank, Punjab National Bank, Kotak Bank, Dena Bank, Indian Bank, Bank of Maharashtra, UCO Bank, IDBI and Vijaya Bank were among the major gainers from the banking sector.

Fertilizers & Chemicals hit the roof today. National Fertilizers also hit the upper circuit. Dredging Corporation, Engineers India, Spice Telecom, Punjab Lloyd, Hinduja TMT, Mangalore Refineries & Petrochemicals, Bongaigaon Refinery, LIC Housing Finance, Gujarat Minerals, Aventis Pharma and Bharat Forge closed with strong gains.

Ruchi Soya, Kalyani Steel, Adlabs Films, IOL Broadband, IVRCL Infrastructure, JK Cement, JM Financial Services, Gujarat Alkalies, PTC India, Nagarjuna Fertilizers, Geodesic Infosys, Everest Kanto Cylinder and Kirloskar Oil Engines were among the major gainers from the midcap space.
Among smallcaps, Polyplex, Prime Securities, Nocil, Voltamp Transformers, Panchmahal Steel, Sona Koyo, Dolphin Offshore, South Asian Pipes, Ruchi Infrastructure, Hindustan National Glass, Adhunik Metals, Sahara One, Goldiam International, Mercator Lines, Arihant Foundations, Rico Auto, Deepark Fertilizers, Aztec Software, Noida Toll Bridge and Paradyne Infotech gained significant ground.

Out of 2802 stocks traded on BSE today, 1399 stocks closed with gains. 1340 stocks ended in the negative territory and 63 stocks finished at their previous closing levels.

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GAINER- BSE Group A
Company
Last Price (Rs.)
Gain(%)
fertilisers and chemicals travancore ltd.
28.55
19.95
national fertilisers ltd.
66.80
19.92
dena bank
72.50
11.19
dredging corporation of india ltd.
959.05
9.99
engineers india ltd.
904.10
9.99
state bank of india
2251.75
8.73
bank of baroda
372.85
6.54
punj lloyd ltd.
498.40
6.30
hinduja tmt ltd.
436.00
6.25
mangalore refinery and petrochemicals ltd.
82.10
6.20
bongaigaon refinery ` petrochemicals ltd.
70.85
6.14
union bank of india
187.85
5.92
indian bank
163.15
5.70
tata power company ltd.
1297.05
5.52
l i c housing finance ltd.
354.95
5.23
gujarat mineral development corporation ltd
2647.90
4.99

-----------------------------------

GAINER- BSE Group B1
Company
Last Price (Rs.)
Gain(%)
lakshmi electrical control systems ltd.
462.10
19.99
polyplex corporation ltd.
203.75
19.99
jindal photo ltd.
218.00
19.97
national organic chemical industries ltd.
40.30
19.94
agro dutch foods ltd.
30.70
19.92
ruchi soya industries ltd.
117.80
19.83
richa knits ltd.
28.75
19.79
voltamp transformers ltd.
1642.20
19.04
d c m ltd.
58.35
18.71
nilkamal plastics ltd.
241.05
14.56
sona steering systems ltd.
54.80
11.83
kalyani steels ltd.
471.30
11.80
adlabs films ltd.
978.45
11.02
bihar caustic ` chemicals ltd.
75.15
10.10
bayer diagnostics india ltd.
1478.15
9.99
adhunik metaliks ltd
171.70
9.99
paradyne infotech ltd.
241.60
9.99
salora international ltd.
223.20
9.97
visesh infotecnics ltd.
29.70
9.79
reliance natural resources ltd.
142.00
9.39

-----------------------
GAINER- BSE Group B2
Company
Last Price (Rs.)
Gain(%)
shetron ltd.
61.85
19.98
prime securities ltd.
165.15
19.97
skm egg products export (india) ltd.
18.15
19.80
vikram thermo (india) ltd.
28.25
19.19
bombay swadeshi stores ltd.
108.05
18.21
ashim investment company ltd.
57.95
15.66
alufluoride ltd.
28.70
14.11
panchmahal steel ltd.
269.00
14.05
gei hamon industries ltd
125.00
11.90
sanguine media ltd.
35.35
11.69
ponni sugars (erode) ltd.
34.45
10.95

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Corporate/Personailty of the Day

Oil and Natural Gas Corporation

Oil and Natural Gas Corporation Limited (ONGC) (incorporated on June 23, 1993) is an Indian public sector petroleum company. It is a Fortune Global 500 company, and contributes 77% of India's crude oil production and 81% of India's natural gas production. It is the highest profit making corporation in India. It was set up as a commission on August 14, 1956. Indian government holds 74.14% equity stake in this company.
ONGC is engaged in exploration and production activities. It is involved in exploring and exploiting hydrocarbons in 26 sedimentary basins of India. It produces about 30% of India's crude oil requirement. It owns and operates more than 11,000 kilometers of pipelines in India. Until recently (March 2007) it was the largest company in terms of market cap in India.[1].

For More, Visit: http://en.wikipedia.org/wiki/ONGC



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Financial Services Job and other stock news

Job Openings in Axis Holdings
Position: Investment AnalystFirm: Axis HoldingsContact: Interested candidates may submit their updated resumes to careers@axisholdings.in with subject line “IAN”.For more details visit the company site at:http://www.axisholdings.in/careers.htm

Job Openings in Capital IQ
Capital IQ has research openings in locations outside India.For application and more details on the same visit:http://www.capitaliq.com/main/careers_opportunities.asp


Job Openings at Edelweiss
Branch Manager,Manager,Senior Research Analyst,Wealth Managers vacncies need MBA's,CA's specifically.To apply use this link:http://www.edelcap.com/Careers/Vacancy.aspx?ReportID=5070F325-D267-4909-B718-A0F2BC9E8A10


Credit Analyst openings in Google
Google India is looking for an experienced Credit Analyst to work in its EMEA and Asia Pacific markets based in its Hyderabad or Gurgaon office.For application and more details on the same visit:http://www.google.co.in/support/jobs/bin/answer.py?answer=37314

Job Openings in Karvy
Job Title:Mutual Fund Research Analyst (Asst. Mgr./Dy. Mgr./Manager)Qualification:MBA/ MS FinanceFor application visit:http://hr.karvy.com/career_mfra.asp

Job Openings in Crisil
Current Openings:1)CRISIL Ratings»Manager - Business Development»Manager - Corporate and Infrastructure»Manager - Structured Finance2)CRISIL Research»AnalystFor other Openings and Application visit:http://www.crisil.com/crisil-careers/jobs.htm

Job Openings in Networth Stock Broking
Current Vacancies:1)Relationship Manager / Senior Relationship Manager2)Senior.Executive/Asst.Manager / Manager ComplianceFor Application use the link below:http://www.networthstock.com/vacancies.aspx


Job Openings in Anand Rathi
Different Positions are avaliable in Anand Rathi including:1)Relationship Manager2)Assistant Relationship Manager3)Senior ManagerFor application and Resume upload visit:http://www.rathi.com/positions.asp



Multibagger Stock Pick-Indian Bank
Company:Indian BankIndustry:Finance - Banks - Public Sector CMP:154.05 PE Ratio:8.71Recommendation:Outperformer (Oct 31)

Siemens Medical
Siemens Medical Solutions Diagnoistics was recmmended in this blog on the 22nd of October(see blog archive) at price of Rs. 775.Today its touched Rs. 1100.There sure is more upside in this stock but investors can wait for some correction to take some positions in this stock if it satisfies their investment criteria.One this is there for sure that this stock is a great pick for long run and can give many more pleasent surprises.So watch out for any correction in this stock. (Oct30)

Kovai Medical Center and Hospitals Ltd.
Company:Kovai Medical Center and Hospital Ltd.Industry:Hospitals & Medical Services Recommendation:Performer

Low price Multibagger buy
Company:Tube Investments of India Ltd.Industry:Cycles & Accessories 12 month target price:Rs 100Recommendation:Performer

Surya Pharmaceuticeutical Stock Prospects Report
Company:Surya Pharmaceuticals Ltd.Industry:Pharmaceuticals
Recommendation:Performer

Pochiraju Industries Ltd. Report
Company:Pochiraju Industries Ltd.Industry:Floriculture
Recommendation:Outperformer

Kirloskar Oil Engines Ltd. Report
Company:Kirloskar Oil Engines Ltd.Industry:Engines
Recommendation:Outperformer

Multibagger Stock Pick-Kirloskar Electric Company Ltd.
Company:Kirloskar Electric Company Ltd.Industry:Electric Equipment - General Recommendation:Outperformer

Low PE stocks with good fundamentals and prospects
PE ratio is one of the indicators on the valuation of the stocks.In these high markets there are still some stocks which have a low PE and also good fundamantals and bright prospects considering the industry,the company plans and management.Some of the most prominent ones are listed below with their PE ratios:1)Mirza International Ltd-PE ratio 10.242)Tube Investments of India ltd-PE ratio 6.563)Sundaram Fastners Ltd-PE ratio 14.494)Gujarat Industries Power Company Ltd-PE ratio 8.72 ( as on Oct23)

Gujarat NRE Coke-Multibagger Stock Pick
Company:Gujarat NRE coke Ltd.Industry:Coke/Metallurgical Coke Recommendation:Outperformer

GIPCL-Multibagger stock pick
Company:Gujarat Industries Power Company Ltd.Industry: Power - Generation/Distribution Recommendation:Outperformer

K S Oils Ltd. Stock Prospects
Company:K S Oils Ltd.Industry:Edible Oils & Solvent Extraction
Recommendation:Outperformer

Jain Irrigation Systems Stock Prospects!!!
Company:Jain Irrigation Systems Ltd.Industry:Drip Irrigation Systems
Recommendation:Outperformer

Multibagger Stock Pick-Indo Tech Transformers Ltd.
Company:Indo Tech Transformers Ltd.Industry:Power - Transmission/EquipmentRecommendation:Outperformer

Sundaram Fasteners-Value Stock Pick
Company:Sundram Fasteners Ltd.Industry:Fasteners
Recommendation:Outperformer


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VC, PE updates and Around the blogs

VCCircle.Com

Walton Street To Invest $100M In Shriram Properties; To Buy Land In Pune, Gurgaon

Publicis Buys Indian PR Firm Hanmer & Partners

PayPal Introduces Withdrawal Into Indian Bank Accounts

DFJ Gets Down To Work; Closes Two Deals Already, And Two More In The Works

VenturEast Announces Launch Of $150-Million Tech Fund

Sequoia Backs Engineering Outsourcing Firm Satellier

Nalanda Capital To Invest $35 Million In Vaibhav Gems

IFCI Venture Capital, Germany’s UBF-B To Launch €100M Auto Comp Fund

M&A Roundup: Glodyne To Make US Acquisition; And More Deals

Cisco Commits $100 Million More In Venture Capital Investments In India

Chennai’s Diagnostic Equipment Company Trivitron Raises $11 Million From HSBC PE, ePlanet Ventures

JP Morgan To Set Up $2B Infrastructure Fund; Tata Realty Plans $750M

---------------------------
Indiape.Com

VenturEast unveils $150mn multi-stage technology fund
Orient Global bought 4.99% stake in Yes Bank

Nalanda picks 14.9% in Vaibhav for $35 m
IFC to pick stake in Karnataka Bank

Private equity firms innovate in challenging India
Goldstone buys 51% stake in 4G Informatics

Walton Street bought stake in Shriram Properties
Infosys looking at 15 $100mn deals overseas in 10 months
IFCI Venture launching PE fund for auto sector

-----------------------------------------------
delweiss Capital IPO : Edelweiss IPO opens on Nov 15th
Review and Analysis of Edelweiss Capital IPO :
About Edelweiss Capital Limited :
Headquartered in Nariman Point, Mumbai the company is a a diversified financial services company, providing investment banking, institutional equities, private client broking,wealth management, insurance broking and wholesale financing services to corporate, institutional and high net worth individual clients. The company operates from 43 offices in 21 cities around India.
Financials of Edelweiss Capital IPO : Consolidated Total Income of the company for the fiscal 2006 and 2007, was Rs. 1,580.0 million and Rs.3,712.5 million, respectively.
In fiscal 2006 and 2007, Edelweiss Capital’s consolidated profit after was at Rs. 405.5 million and Rs. 1,090.1 million, respectively.
Objects of the Edelweiss Capital IPO : The company intends to use the proceeds raised through the issue for, enhancement of margin maintenance with stock exchanges, establishment of additional offices and acquisition of office infrastructure, enhancement of existing technological capacity and loan prepayment.

Edelweiss Capital Limited IPO : Edelweiss IPO opens on 15 Nov

Following the successful IPO done by Religare Enterprises IPO, Edelweiss Capital Limited is also coming out with an IPO issue through the book building route. Edelweiss Capital Limited is a competitor of Religare Enterprises Limited. Edelweiss Capital IPO opens for subscription on November 15, 2007 and will close for subscription on 20th November 2007. The face value of shares of Edelweiss Capital Limited offered through the proposed IPO would be Rs. 5 each. Edelweiss Capital Limited has fixed the price band for the IPO between Rs. 725 and Rs. 825 per share. Post IPO, the shares of Edelweiss Capital Limited will be listed both on NSE and the BSE. The lead managers for the Edelweiss IPO issue are Kotak Mahindra, Citigroup Global Markets and Lehman Brothers. Intime Spectrum is the registrar for the IPO. CRISIL has given a grading of 4/5 for the Edelweiss Capital Limited IPO. However keep in mind that these ratings don’t make much sense. They only tell investors how the company is placed fundamentally, with respect to its competitors. The rating does not take into account the valuation of Edelweiss IPO. Apparantly, Edelweiss IPO has been priced more aggressively compared to the religare IPO. But in such a strong bull run, no matter how aggressively a company prices its IPO, its bound to get oversubscribed heavily. A decision on whether to apply in the Edelweiss Capital IPO or not can be taken on Nov 20, after looking the Edelweiss IPO subscription details till Nov 19, 20007. For updates on the Edelweiss IPO subscription details and Edelweiss IPO allotment status do visit this site often.


State Trading Corporation Bonus Issue Details


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Headlines from ET, Moneycontrol

Economic Times

India to stay in talent top club till 2012
Stocks to Watch on Thursday
EPF may join bullwagon to realise better returns
Equity funds post best monthly gains in 4 yrs


Morgan races Morgan for Jaguar & Land Rover
Mallya joins Deccan board as Vice Chairman
RBI appoints 2 executive directors

Maruti Suzuki October vehicle sales up 15 pc
TVS Motor October sales rise 13 per cent
BAL October sales flat at 2.48 lakh units
TVS bike sales dip 26 pc in October

Numbers Game: Mixed quarter for most banks
CRR hike to hit co-operative banks the most
Videocon to bid for Navi Mumbai airport

PGCIL to open office in Dubai; eyes stake in Transco at $800mn
L&T gets Rs 5500 cr Mumbai airport order
Sintex acquires French company for $55 million
Pyramid Saimira enters US market; acquires FunAsia
NDTV 24x7, NDTV Profit to be launched in Singapore

Verizon gets LoI for NLD, ILD licences
VSNL to be named Tata Communications
VSNL building $200 mn Asian cable system
India falls five places in Global Competitiveness Index

Goldman Sachs consolidates stake in HTMT Global
India's exports rise by 19.26% despite rupee rise
IFCI stake sale: One bidder may opt out
Bulls may trap unions to trust mkts with EPFO money


Oil India Ltd shareholders approve IPO proposal
Edelweiss IPO price band at Rs 725-825
HCL to set up 5 tech centres at Rs 1,000 cr each
Corbus, RMSI in Nasscom's list of best cos to work for
Exporters' package in 2 weeks: Nath

--------------------------------------------------------
Moneycontrol.Com

Fed cut to further fuel rally: Experts
Power Grid board okays JV with REL: NW18
Usha Martin’s QII cons net profit at Rs 45.95cr up by 49%
News flow pushing up RPL prices: KR Choksey
Sujana Towers net sales at Rs 12599.24 lakh
Buy KEC International; target of Rs 851: IndiaInfoline

NRB Bearings Q2FY08 net sales at Rs 78.20cr up by 7%
Exide enters lead smelting & recycling business
B.A.G Films & Media’s Qtrly PBT up 101%
Marico acquires Enaleni’s subsidiary

Jai Balaji posts net profit of Rs 50.87 cr
Kalpataru Power reports 26% increase in total revenue
Sangam (India) Q2FY08 net sales up 38% at Rs 189cr
Vipul Ltd records 213% increase in net profit at Rs 11.19cr

Sona Koyo Steering forms JV with AAM
Parenteral Drugs registers 446.87% growth in net profit
Indoco Remedies net profit up 31.67%


Financial Tech total income increases by 1024% to Rs 4610mn
Financial Technologies (India) Limited, India’s leading technology solutions provider for capital, commodities, forex and bond markets, today announced its unaudited financial results for the quarter and half year ended September 30, 2007.

Financial Technologies has reported total income of Rs.4610 million for the quarter ended September 30, 2007, a growth of 1024% as compared to Rs.410.2 million for the quarter ended September 30, 2006. EBITDA margin stood at 96% and PAT has grown to Rs. 3385 million as compared to Rs.262.5 million for the same period, a growth of 1189%.

Q2 FY2007-08 (July-September 2007) vs. Q2 FY2006-07 (July-September 2006)

· The total income increased by 1024% to Rs. 4610 million in Q2FY2007-08 as compared to Rs. 410.2 million in Q2FY2006-07.
· EBITDA has gone up by 1398% to Rs. 4422.5 million in Q2FY2007-08 as compared to Rs.295.3 million in Q2 FY2006-07
· EBITDA margin has increased to 96% in Q2FY2007-08 as compared to 72% in Q2FY2006-07
· PBT was up by 1396% to Rs. 4365.2 million in Q2FY2007-08 as compared to Rs.291.8 million in Q2FY2006-07.
· PAT expanded by 1189% to Rs.3385 million in Q2FY2007-08 as compared to Rs.262.5 million in Q2FY2006-07

Kotak Mahindra Bank launches Kotak BillPay
Core Projects revenues jump 278.57%, PAT up 281.43%
CBoP’s net profit up 34% to Rs 416mn

Likely to bag $82m West Asian order: Power Grid
TCI H1 EBIDTA jumps 22%



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Result Updates

Teledata Group NP at rs 205.77 crore1 Nov, 2007, 1900 hrs IST
Teledata Group has recorded net profit of Rs 205.77 crore for the second quarter ending September 30,2007.

Gammon India net down 34.49% for Sep`07 qtr

Tube Investments net down 40.38% for Sep`07 qtr

Cinemax`s net up 58.47% for Sep `07 qtr

Taj Gvk Hotels net up 6.75% in Q2

Ansal Properties net up 2.34 times for Sep`07 qtr

Essar Oil loss narrows 52.66% for Sep`07 qtr

Aarti Industries` net dips 21.33% for H1FY08

Aptech swings to profit of Rs 1.40 mn

Deccan Aviation net loss widens for Sep` 07 qtr

Sunil Hi-Tech net zooms 4 times for Sep`07 qtr

Radico Khaitan net up 53.96% in Sep` 07 qtr

LT Overseas net up 45.57% for Sep`07 qtr

Shriram City Union Finance net up 96% in Sep`07 qtr

Alok Industries Q2 earnings climbs 31.65%

Madhucon Projects net up 19.89% in Sep`07 qtr

P&G net up 34.72% in Sep`07 qtr

EIEL Q2 net up by 51% at Rs 24.72 cr



Aftek Q2 net profit up at Rs 25.73 cr
1st-Nov-2007
Aftek Limited declared its Q2 FY08 result. The company in Q2 FY08 has registered net sales of Rs 93.74 crore, up 19.10% on YoY basis.


Ruchi Soya Q2 net profit up at Rs 32.6 cr
1st-Nov-2007
Ruchi Soya has declared its second quarter results. Its Q2 net sales stood at Rs 1989 crore versus Rs 1555 crore.


DCB Q2 net profit up at Rs 14.5 cr
1st-Nov-2007
DCB has declared its second quarter results. Its Q2 NII stood at Rs 50.7 crore versus Rs 27 crore.


Ispat Q2 net profit up at Rs 13.5 cr
1st-Nov-2007
Ispat in Q2 has reported net profit of Rs 13.5 crore versus Rs 2.32 crore on YoY basis. During the same quarters, its net income was at Rs 2049 crore versus Rs 1891 crore, YoY.


Aptech Q3 net profit down at Rs 7.68 cr
1st-Nov-2007
Aptech Q3 CY07 net profit at Rs 7.68 cr versus Rs 10.47 crore on YoY basis. During the same period, the company reported net sales were at Rs 65.3 cr versus Rs 54.7 cr, YoY.


United Spirits Q2 net profit up at Rs 80.2 cr
1st-Nov-2007
United Spirits in Q2 FY08 has registered net profit of Rs 80.2 cr versus Rs 67 crore in the same quarter previous year. During the same quarters, its net sales were at Rs 752.6 crore versus Rs 753.5 crore.



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Religare IPO oversubscribed 156.44 times on closing, other stories

Initial public offering of Religare Enterprises (Q, N,C,F)* (REL), a financial services company, received overwhelming response from investors. It was oversubscribed 156.44 times on closing day till 6 pm. It received 1,185,175,915 bids as against issue size of 7,576,102 shares. A total of 171,621,205 bids were received at the cut off price. The price band was fixed between Rs 160 to Rs 185 a share. REL is promoted by the promoters of Ranbaxy Laboratories and the issue is graded by ICRA with an IPO Grade 3 on a 5 point scale.

The equity shares of the company, offered through this IPO, are proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). REL is a holding company of 11 subsidiaries, which are engaged in a wide range of financial products and services targeted at the retail, high networth individuals and the corporate and institutional clients. Along with its various subsidiaries, it offers a wide range of services ranging from equities,
commodities, insurance broking, to wealth advisory, portfolio management services, personal finance services, investment banking and institutional broking services.

It has divided its product and service offering under three broad client interface categories i.e. retail spectrum, wealth spectrum and institutional spectrum

and other stories from Myiris.Com

Barak Valley IPO oversubscribed 28.53 times on closing

Gammon India net down 34.49% for Sep`07 qtr

Mundra Port IPO seems to be attractive

Mundra Port IPO oversubscribed 4.67 times on day one

Consolidated Construction bags orders worth Rs 1275.3mn

Suzlon to export to 40 countries in five years

IFC eyes Rs 1433.9 mn worth stake in Karnataka Bank

Titan Eye+ to open 250 stores across India



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Sensex ends 114 pts down in volatile trade

NIFTY 5866.45 -34.20
SENSEX 19724.35 -113.64

Though a few blue chip stocks, ONGC (6.6%), Reliance Petroleum (6.2%), Larsen & Toubro (4.3%), ICICI Bank (3.35%), Reliance Communications (2.45%), Ranbaxy Laboratories (2.1%), BHEL (1.85%) and Infosys Technologies (1.7%) romped home with impressive gains, it turned out to be a highly negative close for the market today.

Notwithstanding a positive start - the US Federal Reserve's decision to cut bank rates by 25 basis points had buoyed up the mood in early trade - the market struggled almost right through the session today as participants appeared somewhat clueless once again about the near term impact of the hike in CRR and restrictions on Participatory Notes on the market.

The Sensex, which hit a high of 20,204.21 after opening with a positive gap of nearly 300 points at 20,130.23, ended the day with a loss of 113.64 points or 0.57% at 19,724.35. In intra-day trades today, the barometer touched a low of 19,634.47.

The Nifty, which moved past the 6000 mark to a new high of 6011.95 in early trade this morning, plunged to a low of 5837.20 before it ended at 5866.45, down 0.58% or 34.20 points from its previous closing mark.

Mahindra & Mahindra (1.4%) and HDFC Bank (1.4%) closed on a firm note. State Bank of India ended with a marginal gain.

Maruti Suzuki (down 6.5%), Hindustan Unilever (6.4%), Bharti Airtel (down 6.3%), Reliance Energy (down 5.3%), Hindalco (4.25%), ITC (4.05%), Reliance Industries (down 3.95%), NTPC (down 3.05%), HDFC (down 2.75%), ACC (down 2.3%), Tata Steel (down 2.2%) and Bajaj Auto (down 2.1%) went down sharply.
Tata Motors, Tata Consultancy Services, Dr. Reddy's Laboratories, Cipla, Satyam Computer Services, Wipro and Grasim Industries lost 1% - 2%. Ambuja Cements, which moved in a very narrow range, settled with a loss of 0.55%.
VSNL, MTNL, Siemens, Hero Honda, Zee Entertainment, Nalco, Unitech, HCL Technologies, Hindustan Petroleum Corporation, GAIL India and SAIL closed with sharp losses today. Punjab National Bank, Sun Pharmaceuticals, Tata Power and ABB posted smart gains.
Midcap stocks reeled under a severe bout of pressure in afternoon trade and mirroring the sharp fall in values of stocks in that space, the BSE Midcap index tumbled 2.07% today. Reflecting the sell-off in smallcap stocks, the BSE Smallcap index fell 1.53% to 9646.61.
Among the sectoral indices, the FMCG index suffered the most. It lost as much as 4.16% today. The Realty index closed lower by 2.96%. The Auto, CD, Metal, Oil & Gas and Teck indices eased by 1% - 2.25% while the Healthcare index drifted down by 0.46%. BSE IT closed with a minor loss.
With a few frontline stocks from capital goods and banking sectors faring impressively, the BSE CG and Bankex moved up by 1.75% and 1.84% respectively. The PSU index settled with a gain of 0.77%.
The market breadth turned highly negative today. Out of 2815 stocks traded on BSE, as many as 1817 stocks closed in the negative territory. 944 stocks posted gains and 54 stocks ended unchanged from their previous closing levels.

The National Stock Exchange recorded a turnover of Rs 28,476.07 crore, the biggest ever in its history. Reliance Petroleum (Rs 3950 crore), Reliance Natural Resources (Rs 2389 crore), Reliance Industries (Rs 1645 crore), Reliance Communications (Rs 1441 crore), Reliance Energy (Rs 1028 crore) and Reliance Capital (Rs 777 crore) contributed significantly to the rise.

Larsen & Toubro, Jindal Steel, ICICI Bank and Bharti Airtel were the other turnover toppers today.


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Corporate of the Day

Vinod Dham

former microprocessor designer for Intel and creator of the Pentium processor .

Vinod Dham (Hindi: विनोद धाम), born 1950, is a venture capitalist, and is often referred to as the father of the Intel Pentium processor.[citation needed]
Vinod was born in the city of Pune, India. He completed his undergraduate education in Electrical Engineering from the Delhi College of Engineering. In 1971, after graduation, he joined a Delhi-based semiconductor company called Continental Devices. In 1975, he left this job and joined University of Cincinnati to pursue a masters degree in Electrical Engineering, where he specialized in Solid State Science. After completing his masters degree in 1977, he joined NCR Corporation at Dayton, Ohio. He then joined Intel, and started working on the Pentium chip. He rose to the position of vice-president of Intel. He left Intel in 1995, and joined a number of startups including NexGen, which was acquired by AMD, and then went on to Silicon Spice. He is also the co-founding partner of New Path Ventures which has funded Companies like Nevis Networks.he gave a nice and interesting lecture to 2nd year electrical engineering students of IIT madras on 31st oct 2007



For more, Visit: http://en.wikipedia.org/wiki/Vinod_Dham


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