Pre Open Market Commentary

Indian market is likely to open on positive note today. On Monday 29th January 2007, market closed lower mainly on back of RBI’s meeting on Wednesday, where the central bank is expected to raise short-term interest rates by 25 basis points. So, Bank stocks witnessed heavy selling pressure. As a result BSE sensex closed at 14,212.00 down by 70.70 points and Nifty was down by 23.25 points to close at 4124.45. Today major quarterly results are GAIL, Hero Honda, ITC, NTPC and Reliance communication. The outlook for the market remains volatile and mainly determine by the credit policy and RBI''s statements. US markets closed in green on Tuesday on back of rally in the energy sector due to jump in oil prices by 5.5% to $56.71 a barrel. DOW was up by 32.53 points to close at 12523.31 and NASDAQ was up by 7.55 points to close at 2448.64. The major stock markets in Asia trading lower on Wednesday. Nikkei 225 index was down by 115.62 points to trade at 17374.57 and KOSPI was down by 4.69 points to trade at 1366 while Straits Times were up by 10.77 points to trade at 3141.03 and. Oil price closed above $56 a barrel on back of cold US weather and OPEC supply cuts. Today, Nifty has support at 4107 and resistance at 4,175 and BSE Sensex has support at 14,175 and resistance at 14,370. However, it is our advice to watch trading session carefully.

Post Session Market Commentary

After opening on positive note, market slipped into negative terrain and continued to trade lower on back of selling pressure. At last, it closed lower due to lack of buying support. As a result BSE sensex closed at 14211.96 down by 70.76 points and Nifty was up by 23.25 points to close at 4124.45. BSE mid cap was up by 11.88 points to close at 6100.86 and BSE small cap was marginally up by 0.38 points to close at 7576.51

. Overall market breadth was marginally positive as 1320 stocks advanced and 1288 stocks declined on BSE.

BSE bank index was top loser with 180.81 points down to close at 7266.01 as ICICI Bank (3.88%), OBC (2.36%), SBI (1.97%) and HDFC (1.82%) ended lower.

BSE FMCG index declined 35.16 points to close at 1916.09 as ITC (3.01%) and HLL (0.72%) closed lower.

BSE oil & gas index was 20.40 points up to close at 6711.31 as ONGC (0.09%), Reliance (0.69%), BPCL (1.16%) and IPCL (0.67%) ended in green.

BSE auto index was 30.77 points down to close at 5560.86 as Tata Motors (3.25%), Maruti Udyog (1.27%) ended in red.

BSE health cares index gained 9.98 points to close at 3813.17 as Cipla (1.27%), Ranbaxy Labs (1.69%) and Glaxo SmithKline (2.51%) ended in green.

BSE Metals index surged 134.16 points at 9,759.61 as SAIL was down (0.27%) while Hindalco (2.82%) and Tata Steel (1.93%) ended in green.

BSE capital goods index closed flat as siemens (0.93%), L&T (0.34%) and BHEL (2.33%) ended in green.

BSE IT index was 49.92 points down to close at 5,315.57 as Hexaware Tech, HCL Info, Wipro, Satyam and Patni Computer lower.

Mid Day Market Commentary

Market was witnessing choppy trade on back of RBI’s meeting on Wednesday, where the central bank is expected to raise short-term interest rates by 25 basis points. Overall market breadth was positive as 1390 stocks advanced and 980 stocks declined on BSE index. Metal and power stocks were in favor whereas software stocks were witnessing selling activities. Further, selective profit booking was seen in FMCG, Banking and engineering merging stocks.

At 12.50 pm, BSE sensex was at 14,254.08 down by 28.64 points and Nifty was at 4135.20 down by 12.50 points. Mid caps was up by 24.56 points to trade at 6113.54 and BSE small caps was up by 36.53 points to trade at 7612.66.

BSE Health index was trading at 3827.15 up by 23.96 points as Cipla (2.3%), Glaxosmithkline (2.06%) and Ranbaxy (1.49%) were trading in green.

BSE capital goods index was trading mixed as L&T (1.32%) was trading in red while BHEL (3.84%), ABB (0.52%) and siemens (1.34%) were trading in green.

BSE FMCG index was trading lower as HLL (0.42%) and ITC (1.69%) were trading lower.

BSE IT index was down 63.40 points to trade at 5302.08 as Wipro (2.51%) Satyam (1.81%), TCS (1.55%) and Infosys (0.87%) were trading in red.

BSE metals indices were trading in green as Tata Steel (0.93%), SAIL (1.79%) and Hindalco (3.85%) were trading higher.

BSE Oil & gas index was trading in green as Reliance (1.13%), IPCL (0.71%), GAIL (0.95%) and BPCL (0.06%) were trading up.

Suzlon was top loser with 5.58% down to trade at 1213.5 after reporting just 7.44% growth in net profit for Q3 December 2006.

Pre Open Market Commentary

Indian market is likely to open on positive note today. On Thursday 25 January 2007, market closed higher mainly on back of heavy buying seen in Metal and capital goods stocks. As a result BSE sensex closed at 14,282.70 up by 172.20 points and Nifty was up by 57.80 points to close at 4147.70. Today major quarterly results are SAIL, L&T, BPCL, Indian Oil Corporation and Tata Power. The outlook for the market is continued optimism with little bit volatility.

US market closed mixed on Friday on concerns that strong economic reports will hurt chances for an interest-rate cut. DOW fell 15.54 points to close at 12487.02 while NASDAQ was marginally up by 1.25 points to close at 2435.49.

The major stock markets in Asia opened mixed on Monday. Nikkei 225 index and Straits Times were up by 0.2% and 0.8% respectively. Oil price closed above $55 a barrel.

Today, Nifty has support at 4107 and resistance at 4,185 and BSE Sensex has support at 14,120 and resistance at 14,520. However, it is our advice to watch trading session carefully.

FIIs were net purchasers to the tune of Rs172.70crores on 25th January 2007. Mutual Funds were net sellers to the tune of Rs251.07 crores on 24th January 2007.

Post Session Market Commentary

Market closed higher with handsome gain despite of F&O expiry contract. It witnessed heavy buying interest across the index pivotals especially Metals and capital stocks. As a result Nifty closed at all time high. BSE sensex closed at 14282.72 up by 172.26 points and Nifty was up by 57.80 points to close at 4147.70. Overall market breadth was positive as 1420 stocks advanced and 1126 stocks declined on BSE. BSE sectoral indices closed green except BSE Health index. BSE health cares index lost 6.86 points to close at 3739.11 as Cipla (1.49%), Ranbaxy Labs (1.08%) and Glaxo SmithKline (0.59%) ended in red. Among the sectoral gainers: BSE Metals index was top gainers with 4.5% up as SAIL was up 7%, Tata Steel gained 5.62%. BSE capital goods index added 174.00 points to close at 9642.95 as L&T (1.92%), BHEL (3.47%) and ABB (0.86%) ended higher. BSE Bank index gained 53.90 points to close at 7437.73 as ICICI Bank (1.59%), HDFC Bank (0.56%) and SBI (0.45%) closed in green. BSE oil & gas index was 44.44 points up to close at 6539.82 as ONGC (1.01%), GAIL (1.96%) and Reliance (0.04%) and HPCL (1.80%) ended in green. BSE auto index was 50.56 points up to close at 5590.34 as Tata Motors (1.52%), Maruti Udyog (0.42%) and Bajaj Auto (0.36%) closed in green. BSE IT index advanced 49.65 points to close at 5367.85 as Wipro (3.81%), Satyam (1.17%)and TCS (0.14%) ended in green. Both BSE mid cap and Small cap ended in green. Mid cap was up by 60.50 points to close at 6088.98 and Small cap was up by 32.24 points to close at 7,576.13. Top gainers at BSE Sensex: Tata Steel Rs508.50 (5.62%), Wipro Rs655 (3.61%), Hindalco Rs174.90 (3.58%), BHEL Rs2444.00 (3.10%) and L&T Rs1625 (3.06%). Top losers: Cipla Rs245.00 (1.49%), Ranbaxy Labs Rs 397(1.08%) and Hero Honda Rs715 (0.45%).

Mid Day Market Commentary

Market was trading firm on back of buying interest seen across the index pivotals. Overall market breadth was positive as 1473 stocks advanced and 928 stocks declined on BSE index. BSE sectoral index were trading in green except BSE FMGC Index. BSE FMCG stock was down 13.44 points to trade at 1935.38 as HLL (0.61%) and ITC (1.09%) were trading lower. Among the gainers: BSE metal index was trading higher as Tata Steel (5.12%), SAIL (4.41%), NALCO (3.79%) and Hindalco (2.93%) were trading higher. BSE capital goods index was adding 110.12 points to trade at 9579.07 as L&T (0.42%), BHEL (3.84%), ABB (0.95%) and siemens (0.48%) were trading in green. BSE Oil & gas index was trading in green with 32.30 points up to trade at 6671.52 as and ONGC (0.10%), IPCL (0.25%), GAIL (0.29%) and BPCL (0.50%) were trading up. BSE IT index was up by 16.32 points to trade at 5334.52 as Satyam (0.71%), Infosys (0.09%) and HCL tech (0.02%) were up. BSE bank index was adding 12.64 points to trade at 7396.47 as PNB (0.25%), HDFC Bank (0.20%) and OBC (0.16%) were trading in green. BSE auto index was advancing 26.55 points to trade at 5566.33 as Tata Motors (0.92%), M&M (0.58%) and Bajaj Auto (0.32%) were trading in green. BSE Health index was trading at 3811.63, up by 7.65 points as Sun Pharma (2.29%) and Dr Reddy (0.80%) were trading in green. BSE Mid caps and Small cap were trading in green. BSE mid cap was up by 60.50 points to trade at 6088.98 and BSE Small cap was up by 51.58 points to trade at 7595.48. At 12.45 pm, BSE sensex was at 14,162.14 up by 51.68 points and Nifty was at 4106.00 up by 16.09 points. Top gainers at BSE sensex: Tata Steel Rs Rs506.10 (5.12%), Hindalco Rs173.80 (2.93%), BHEL Rs2437.90 (2.85%), NTPC Rs138.15 (1.54%) and Grasim Rs2822.30 (1.01%). Top losers: HLL Rs215.90 (2.86%), Cipla Rs240.00 (3.50%), ITC Rs176.30 (1.09%), HLL Rs212.95 (0.61%) and ICICI Bank Rs971.30 (0.38%).

Pre Open Market Commentary

Positive global cues may help Indian Market to open higher today. Yesterday, market closed in green amid volatile trade mainly on back of buying interest in Metal and capital goods stocks. As a result BSE sensex closed at 14,110.50 up by 69.30 points and Nifty was up by 23.80 points to close at 4089.90. Today market outlook will remain volatile on back of F&O expiry contracts on Thursday. US market closed higher on Wednesday on back of heavy buying interest mainly in Technology and Telecom stocks. DOW gained 87.97 points to close with record high at 12621.77 and NASDAQ was up by 34.87 points to close at 2466.28. The major stock markets in Asia opened higher on Thursday. Nikkei 225 index was up 0.1% to trade at 17,524.36 and Straits Times was up by 7.01 points to trade at 3157.25 and KOSPI was up by 1.85 points to trade at 1384.91. Oil price closed above $55 a barrel due to increased demand from US as cold weather boosted heating use. Today major quarterly results are BHEL, Century, Crompton Greave, Cummins, GE shipping, Hindalco and TVS Motors. The market remains closed on Friday (26 January) on account of Republic Day and also on Tuesday (30 January) due to Moharram. Today, Nifty has support at 4068 and resistance at 4,135 and BSE Sensex has support at 14,034 and resistance at 14,340. However, it is our advice to watch trading session carefully. Mutual Funds were net sellers to the tune of Rs537.14 crores on 23rd January 2007.

Post Session Market Commentary

Today favorable global cues especially NIKKEI 225 that ended with all time high has supported Indian the Indian indices to stay in positive territory. Indian market closed higher amid volatile trade on back of selective buying interest seen across index pivotals especially metal stocks. BSE sensex closed at 14110.46 up by 69.22 points and Nifty was up by 23.80 points to close at 4089.90. Overall market breadth turned negative as 1250 stocks advanced and 1309 stocks declined on BSE. BSE sectoral indices closed mixed. Among the BSE sectoral gainers: The BSE Metal index advanced 331.25 points at 9,228.90 as Tata steel (4.18%) and Hindalco (2.91%) ended higher. BSE capital goods index added 147.65 points up to close at 9474.65 as L&T (3.04%), BHEL (2.92%) and Siemens (0.53%) ended higher. Followed by BSE Bank index that added 75.68 points to close at 7390.30 as ICICI Bank (1.21%), HDFC Bank (2.64%) and HDFC (2.52%) closed in green. BSE oil & gas index was 64.53 points up to close at 6539.82 as ONGC (2.58%), GAIL (0.98%) and Reliance (0.63%) and IPCL (0.04%) ended in green. Besides BSE FMGC index 2.00 points to close at 1956.15 as ITC (0.48%) and Dabur (1.89%) ended in green while HLL down by (3.13%). Among the losers, BSE auto index was top loser with 61.09 points down to close at 5540.22 as Tata Motors (3.30%), Bajaj Auto (0.78%) and M& M (1.31%) and closed lower. Followed by BSE health cares index lost 36.69 points to close at 3829.01 as Sun Pharma (1.68%) Dr Reddy''s Labs (0.94%) and Glaxo SmithKline (0.53%) ended in red. BSE IT index was 4.05 points down to close at 5308.93 as Wipro (2.22%) and TCS (0.33%) ended in green while Infosys (0.36%) and Satyam (0.05%) ended in red. Top gainers at BSE Sensex: Tata Steel Rs484.00 (4.18%), Hindalco Rs169.75 (2.91%), L&T Rs1577 (2.87%), BHEL Rs2382 (2.86%) and HDFC Bank Rs1060 (2.81%). Top losers: Tata motors Rs918.90 (3.28%), HLL Rs215.30 (3.13%), Cipla Rs249.00 (1.89%), ACC Rs1024 (1.25%) and Dr Reddys Labs Rs761.05 (1.16%).

Mid Day Market Commentary

Market was trading in positive territory on back of buying interest seen across index pivotals especially bounce back of cement stocks and Metal stocks. Overall market breadth was positive as 1452 stocks advanced and 936 stocks declined on BSE index. BSE sectoral index were trading mixed. Among the gainers: BSE capital goods index was adding 88.52 points to trade at 9415.51 as L&T (1.11%), BHEL (2.47%), ABB (0.92%) and siemens (0.85%) were trading in green. BSE Oil & gas index was trading in green with 24.75 points up to trade at 6600.04 as and ONGC (1.71%), Reliance (0.22%) and GAIL (0.62%) were trading up while HPCL (2.15%) and BPCL (1.02%) were trading down. BSE IT index was up by 16.18 points to trade at 5329.14 as Wipro (1.80%), HCL tech (0.08%) and TCS (0.29%) were up. BSE bank index was up by 15.84 points to trade at 7330.46 as HDFC (1.65%), HDFC Bank (1.22%), and ICICI Bank (0.80%) were trading in green. Among the losers: BSE auto index was down by 67.76 points to trade at 5533.55 as Tata Motors (3.10%), M&M(1.24%) and Bajaj Auto (0.07%) were trading lower. BSE FMCG stock was down 12.76 points to trade at 1941.38. BSE Health index was trading at 3815.75, down by 17.86 points as Galxosmith (0.55%) and Dr Reddy (0.21%) were trading in red. Moreover, BSE Mid caps and Small cap were trading in green. BSE mid cap was up by 28.6 points to trade at 6042.55 and BSE Small cap was up by 66.14 points to trade at 7567.43. At 12.35 pm, BSE sensex was at 14,111.68 up by 70.43 points and Nifty was at 4085.00 up by 18.90 points. Top gainers at BSE sensex: BHEL Rs2373.00 (2.47%), Hindalco Rs168.85 (2.36%), Tata Steel Rs474.00 (2.02%), ONGC Rs906.00 (1.71%) and HDFC Rs1632.00 (1.59%). Top losers: Tata Motors Rs920.60 (3.10%), HLL Rs215.90 (2.86%), Cipla Rs249.50 (1.69%), SBI Rs1159.00 (1.27%) and Bajaj Auto Rs2753.80 (0.07%).

Pre Open Market Commentary

Market is likely to open firm today on back of positive global cues. Yesterday, market closed lower on back of profit booking across the index pivotals. BSE sensex closed at 14,041.20 down by 168.00 points and Nifty was down by 36.35 points to close at 4066.10. Today market could witness volatility on back of F&O expiry week. US market closed firm on Tuesday. DOW was up by 56.64 points to close at 12533.80 and NASDAQ was marginally up by 0.34 points to close at 2431.41. The major stock markets in Asia were trading in the positive territory on Wednesday. Nikkei 225 index was up 113.55 points to trade at 17,522.12 and Straits Times was up by 17.15 points to trade at 3150.05 and HangSeng index was up by 161.69 points to trade at 20931.39. Oil price surged to around $55 a barrel. Today Nifty has support at 4035 and resistance at 4,102 and BSE Sensex has support at 13,875 and resistance at 14,220. However, it is our advice to watch trading session carefully. FIIs were net purchasers to the tune of Rs 319.80 crores on 23rd January 2007. Mutual Funds were net sellers to the tune of Rs54.23 crores on 22nd January 2007.

Post Session Market Commentary

Market closed sharply lower on back of heavy selling pressure seen across the scrips especially cements stocks. As a result, BSE sensex closed at 14041.20 down by 168.00 points and Nifty was down by 36.35 points to close at 4066.10. Overall market breadth was highly negative as 885 stocks advanced and 1681 stocks declined on BSE. BSE sectoral indices closed lower. Among the BSE sectoral losers, BSE Bank index was the top loser with 160.36 points down to close at 7316.33 as SBI (4.53%) ICICI Bank (1.48%), HDFC Bank (2.30%) and HDFC (0.56%) closed in red. Followed by BSE FMGC index that declined 25.92 points to close at 1950.14 as ITC (1.48%), HLL (1.16%) and Dabur (0.99%) ended lower. BSE auto index was down by 66.51 points to close at 5584.15 as Maruti Udyog (2.75%), Bajaj Auto (0.28%) and Tata Motors (1.59%) closed lower. BSE health cares index lost 69.48 points to close at 3829.01 as Dr Reddy’s Labs (5.28%), Ranbaxy Labs (1.51%) and Cipla (0.12%) ended in red. BSE IT index was 37.14 points down to close at 5313.28 as TCS (1.02%), Infosys (1.06%), Wipro (0.12%) and Satyam (0.28%) ended in red. BSE oil & gas index was 55.27 points down to close at 6568.98 as BPCL (3.24%), HPCL (1.84%), ONGC (0.27%) and Reliance (1.08%) ended in red. BSE Mid cap and BSE small cap ended lower. BSE mid cap was down by 69.98 points to close at 6014.18 and BSE small cap was down by 63.82 points to close at 7,501.28. Top gainers at BSE Sensex: Bharti Airtel Rs687.15 (1.60%) and Hindalco Rs164.75 (0.18%). Top losers: ACC Rs 1038(6.97%), Gujarat Ambuja Rs136.8 (6.78%), Dr Reddys Labs Rs767.10 (5.28%), SBI Rs1168.75 (4.53%) and Grasim Rs2810 (2.93%).

Mid Day Market Commentary

Market was trading in negative terrain on back of selling activities seen across index pivotals Overall market breadth was negative as 1009 stocks advanced and 1403 stocks declined on BSE index. BSE sectoral index were trading lower except BSE oil & gas index. BSE Oil & gas index was trading in green with 5.35 points up to trade at 6629.60 as Reliance (0.03%), GAIL (0.89%) and ONGC (0.37%) were trading up while HPCL (0.93%) and BPCL (1.95%) were trading down. BSE bank index was the top loser with 94.63 points down to trade at 7382.06 as SBI (2.46%), PNB (2.07%), HDFC Bank (1.44%), and ICICI Bank (0.87%) were trading lower. BSE FMCG stock was down 18.97 points to trade at 1957.09 as HLL (1.38%), ITC (0.64%) and Dabur (0.34%) were trading lower. BSE IT index was down by 28.46 points to trade at 5321.96 as Infosys (0.84%), Satyam (0.24%), and TCS (0.42%) were declining. BSE Health index was trading at 3877.02, down by 21.47 points as Galxosmith (0.37%) and Dr Reddy (3.83%) were trading in red. BSE capital goods index was down 28.05 points to trade at 9373.45 as L&T (0.69%) was trading lower while BHEL (0.50%) and ABB (0.49%) were trading in green. Moreover, BSE Mid caps and Small cap were trading flat. BSE mid cap was down by 15.41 points to trade at 6068.75 and BSE Small cap was down by 3.23 points to trade at 7561.86. At 12.40 pm, BSE sensex was at 14,121.23 down by 88.01 points and Nifty was at 4089.20 down by 13.25 points. Top gainers at BSE sensex: Bharti Airtel Rs691.70 (2.27%), Ranbaxy Rs408.95 (0.35%), Reliance comm. Rs451.75 (0.96%), BHEL Rs2326.90 (0.31%) and Cipla Rs254.70 (0.18%). Top losers: ACC Rs1060 (5.00%), Dr Reddy’s Labs Rs780.00 (3.69%), Grasim Rs2814 (2.79%), Gujarat Ambuja Rs142.80 (2.69%) and SBI Rs1193.90 (2.48%).

Pre Market Commentary

Market is likely to open on negative note today. Yesterday, market closed flat amid volatile trade. BSE sensex closed at 14,209.20 up by 26.50 points and Nifty was up by 12.30 points to close at 4102.45. Today market outlook will be cautious on back of F&O expiry week and weak global cues. US market closed sharply lower on Monday as sentiment towards the technology sector soured further after disappointing earnings last week. DOW was down by 88.37 points to close at 12477.16 and NASDAQ was down by 20.24 points to close at 2431.07. The major stock markets in Asia were trading in the negative territory on Tuesday morning, largely due to weaker closing in overnight US markets. Nikkei 225 index was down 84.39 points to trade at 17,339.29 and Straits Times was down by 9.12 points to trade at 3136.08 while HangSeng index was up by 18.41 points to trade at 20790.63. Oil price closed below $53 a barrel. Today major quarterly results are SBI, Bharti Airtel and Tata Motors. Nifty has support at 4065 and resistance at 4,150 and BSE Sensex has support at 13,980 and resistance at 14,420. However, it is our advice to watch trading session carefully. FIIs were net purchasers to the tune of Rs 76.80 crores on 22nd January 2007. Mutual Funds were net sellers to the tune of Rs402.04 crores on 19th January 2007.

Post Session Market Commentary

Market made a smart recovery during mid session to close in green. It opened on positive note but slipped in negative territory on back of selling pressure. However, during mid session it took a U turn to close in green due to buying activities witnessed in Auto and FMCG stocks. As a result, BSE sensex closed at 14209.24 up by 26.53 points and Nifty was up by 12.30 points to close at 4102.45. Overall market breadth was marginally positive as 1326 stocks advanced and 1253 stocks declined on BSE. BSE sectoral indices closed mixed. Among the gainers of BSE sectoral indices, BSE auto index was up by 45.58 points to close at 5665.41 as Maruti Udyog (2.98%), Bajaj Auto (2.03%) and Tata Motors (1.65%) closed higher. BSE health cares index gained 16.17 points to close at 3901.50 as Sun Pharma (3.02%) and Cipla (1.27%) ended in green. BSE FMGC index gained 23.25 points to close at 1973.61 as ITC closed up by (2.59%) and HLL (1.29%) ended in green while Dabur (4.28%) closed lower. BSE IT index was 38.71 points up to close at 5348.55 as TCS (0.91%), Infosys (2.16%) and Wipro (0.68%) ended in green while Satyam (3.23%) ended in red. Among the sectoral losers: BSE Bank index lost 8.81 points to close at 7476.66 as ICICI Bank (1.15%), HDFC Bank (0.97%) and OBC (0.94%) closed in red. BSE oil & gas index was 41.53 points down to close at 6616.35 as ONGC (0.26%), GAIL (1.96%) and Reliance (0.77%) ended in red. BSE Mid cap and BSE small cap ended flat. BSE mid cap was up by 8.64 points to close at 6084.16 and BSE small cap was up by 4.90 points to close at 7,565.10. Top gainers at BSE Sensex: Maruti Udyog Rs938.00 (2.98%), ITC Rs180.00 (2.59%), BHEL Rs2322.05 (2.32%), Infosys Rs2248.50 (2.05%) and Bajaj auto Rs2785 (2.03%). Top losers: Satyam Rs473.00 (3.05%), Reliance Energy Rs505.05 (1.84%), Ranbaxy Labs Rs407.50 (1.68%), Gujarat ambuja cem Rs146.15 (1.52%) and L&T Rs1549.00 (1.34%).

Mid Day Market Commentary

Market was continuously slipping in negative territory on back selling activities seen across index pivotals. Overall market breadth was positive as 1316 stocks advanced and 1122 stocks declined on BSE index. BSE sectoral index were trading lower except BSE capital goods index. BSE capital goods index was up by 20.27 points to trade at 9413.13 as L&T (0.30%) and BHEL (1.35%) were in green while Siemens (3.18%) and ABB were down. In sectoral losers: BSE FMCG stock was down 5.31 points to trade at 1945.04 as HLL up by (0.11%) while ITC (0.26%) and Dabur was trading (2.22%) lower. BSE Oil & gas index was declining 53.02 points to trade at 6604.86 as Reliance (0.53%), HPCL (1.74%), BPCL (0.77%), ONGC (0.78%) and GAIL (1.48%) were down. BSE IT index was down by 15.75 points to trade at 5294.09 as Satyam (3.80%), Wipro (0.91%), and TCS (0.24%) were declining. Followed by BSE Health index that was trading at 3876.84 down by 8.48 points as Ranbaxy Labs (1.92%), Galxosmith1.0%) (0.06%) and Dr Reddy (0.23%) were trading in red. Besides, BSE bank index was 56.63 points down to trade at 7428.84 as HDFC Bank (1.64%), OBC (0.47%) and ICICI Bank (0.95%) were trading lower. Moreover, BSE Mid caps and Small cap were trading mixed. BSE mid cap was up by 10.76 points to trade at 6086.29 and BSE Small cap was down by 0.92 points to trade at 7559.28. At 12.45 pm, BSE sensex was at 14,150.85 down by 31.86 points and Nifty was at 4081.85 down by 8.29 points. Top gainers at BSE sensex: BHEL Rs2300.00 (1.35%), Infosys Rs2228.15 (1.12%), HDFC Rs1611.35 (0.70%), Cipla Rs254.25 (0.67%) and ACC Rs1113.00 (0.67%). Top losers: Satyam Rs469.35 (3.80%), Ranbaxy Labs Rs406.50 (1.92%), HDFC Bank Rs1048 (1.64%), Reliance Energy Rs508.20 (1.22%) and Bharti Airtel Rs674.50 (1.11%).

Pre Open Market Commentary

Market is likely to open firm today. On Friday 19th January 2007, market opened firm but instantly slipped into negative territory to close in red. As a result, BSE sensex closed at 14,182.70 down by 35.10 points and Nifty was down by 18.90 points to close at 4090.15. Today market outlook will be volatile on back of F&O expiry week. US market closed mixed on Friday. DOW was down by 2.40 points to close at 12565.53 and NASDAQ was up by 8.10 points to close at 2451.31. Asian markets were trading in positive territory on Monday. Nikkei 225 index was up 112.51 points to trade at 17,422, HangSeng index was up by around 120 points to trade at 20450 and Straits Times was up by 34 points to trade at 4012. Oil price closed below $53 a barrel. Today major quarter results are Maruti Udyog, Dr Reddy’s Lab, India Cements and National Aluminium Company. Nifty has support at 4065 and resistance at 4,150 and BSE Sensex has support at 13,980 and resistance at 14,420. However, it is our advice to watch trading session carefully. FIIs were net purchasers to the tune of Rs 111.90 crores on 19th January 2007. Mutual Funds were net purchasers to the tune of Rs58.95 crores on 18th January 2007.

Post Session Market Commentary

BSE sensex closed at 14182.71 down by 35.04 points and Nifty was down by 18.90 points to close at 4090.15. Overall market breadth was negative as 996 stocks advanced and 1611 stocks declined on BSE. BSE sectoral indices closed mixed. Among the gainers of BSE sectoral indices, BSE Bank index added 20.59 points to close at 7485.48 as ICICI Bank (1.52%), HDFC Bank (0.66%) and HDFC (0.09%)closed in green. BSE FMGC index gained15.71 points to close at 1950.36 as ITC closed up by (1.92%) while HLL (0.83%) and Dabur (1.40%) closed lower. Among the sectoral losers: BSE IT index was top loser with 98.63 points down to close at 5309.84 as TCS (1.15%), Satyam (5.73%), Infosys (1.04%) and Wipro (3.23%) ended in red. Besides, BSE capital goods index, that lost 103.30 points to close at 9393 as Siemens (3.10%), BHEL (1.19%), and L&T (1.85%) ended in red. BSE auto index was down by 73.23 points to close at 5619.82. BSE health cares index lost 49.80 points to close at 3885.32. BSE oil & gas index ended with 6.24 points down to close at 6657.89 as ONGC (2.68%), and GAIL (0.71%) ended lower while HPCL (0.03%), BPCL (0.08%), Reliance (1.05%) ended in green. BSE Metal index declined 96.58 points to close at 8972.95 as Tata steel (2.02%), SAIL (1.62%)and Hindalco (0.75%) closed lower. BSE Mid cap and BSE small cap ended lower. BSE mid cap was down by 28.05 points to close at 6075.52 and BSE small cap was down by 38.25 points to close at 7,560.20. Top gainers at BSE Sensex: Reliance comm. Rs449.90 (3.11%), Gujarat ambuja cem Rs148.50 (2.24%), ITC Rs175 (1.77%), Bharti Airtel Rs683 (1.51%) and ICICI Bank Rs986 (1.46%). Top losers: Satyam Rs485.70 (5.73%), Ranbaxy Labs Rs414.00 (3.77%), Wipro Rs620.25 (3.23%), Reliance Energy Rs512.90 (2.89%) and ONGC Rs892.25 (2.68%).

Mid Day Market Commentary

After opening on firm note on back of positive sentiment from strong quarterly results, it sharply slipped into negative territory as the participants were booking profit at some higher levels across the index pivotals. BSE FMCG stock was adding 18.94 points to trade at 1953.59 as ITC up by (1.66%), HLL up by (0.11%) while Dabur was trading (1.2%) lower. BSE Oil & gas index was up 15.11 points to trade at 6679.24 as Reliance (1.08%), HPCL (0.44%) and BPCL (0.01%) were trading higher while ONGC (1.18%) and GAIL (0.66%) were down. Among the BSE sectoral indices, BSE IT index was the top losers as it was down by 120.40 points to trade at 5288.07 as Satyam (5.6%), Wipro (3.44%), HCL Tech (1.44%), TCS (0.57%), and Infosys (1.33%) were declining. Followed by BSE capital goods index that was down by 155.45 points to trade at 9340.71 as Siemens (3.18%), L&T (2.10%), and BHEL (1.33%) were trading lower. BSE Health index that was trading at 3890.80 down by 44.30 points as Ranbaxy Labs (3.00%), Cipla (2.72%), Galxosmith1.0%) (0.27%) and Dr Reddy (0.71%) were trading in red. Besides, BSE bank index was 75.56 points up to trade at 7389.33 as SBI (1.11%), ICICI Bank (1.11%) and PNB (1.25%) were trading lower. BSE Metal index was down by 122.56 points to trade at 8946.97 as SAIL (1.97%), NALCO (1.15%) and Hindalco (0.60%) were trading down. BSE auto index was loosing 65.86 points to trade at 5627.19. Moreover, BSE Mid caps and Small cap were trading in negative territory. BSE mid cap was down by 27.70 points to trade at 6075.87 and BSE Small cap was down by 40.31 points to trade at 7558.14. At 12.35 pm, BSE sensex was at 14,138.78 down by 78.97 points and Nifty was at 4081.85 down by 27.19 points. Top gainers at BSE sensex: ITC Rs174.70 (1.60%), Gujarat Ambuja Cem Rs147.0 (1.20%), Reliance Rs1382.60 (1.14%), ACC Rs1104.65 (0.77%) and Bharti Airtel Rs676.90 (0.60%). Top losers: Satyam Rs487 (5.47%), Wipro Rs622.5 (2.88%), Ranbaxy Labs Rs418.00 (2.84%), Tata Steel Rs465.50 (2.11%) and Reliance energy Rs518.00 (1.92%).

Pre Open Market Commentary

Market is likely to edge higher today on back of thundering Q3 results of Reliance Industry. Yesterday, market opened firm and closed higher on back of robust Q3 results of companies. As a result, BSE sensex closed at 14,217.80 up by 86.50 points and Nifty was up by 32.60 points to close at 4109.05. Today market outlook will be continued optimism on back of excellent Q3 results of companies. US market closed in red on Thursday. DOW was down by 9.22 points to close at 12557.93 and NASDAQ was down by 36.21 points to close at 2443.21. Asian markets were trading in mixed on Friday. Nikkei 225 index was down 112.51 points to trade at 17,258.42 while HangSeng index was up by 24.23 points to trade at 20301.74. Oil price closed below $50 a barrel. Nifty has support at 4065 and resistance at 4,150 and BSE Sensex has support at 13,980 and resistance at 14,420. However, it is our advice to watch trading session carefully. FIIs were net purchasers to the tune of Rs 91.20 crores on 18th January 2007. Mutual Funds were net purchasers to the tune of Rs89.58 crores on 17thJanuary 2007.

Post Session Market Commentary

Market ended higher amid volatile trade on back of selective buying interest seen across index pivotals. As a result, BSE sensex closed at 14217.75 up by 86.41 points and Nifty was up by 32.60 points to close at 4109.05. Overall market breadth was marginally positive as 1340 stocks advanced and 1257 stocks declined on BSE. BSE sectoral indices closed mixed. Among the gainers of BSE sectoral indices, BSE oil & gas index ended higher with 106.49 points to close at 6664.13 as ONGC (2.08%), GAIL (2.36%), HPCL (2.18%), BPCL (1.13%), Reliance (1.49%) and IPCL (0.42%) ended in green. BSE IT index was up 32.71 points to close at 5408.47 as HCL tech (1.32%)TCS (0.83%), Satyam (1.21%) and Wipro (1.21%) ended red. BSE FMGC index was up 21.70 points to close at 1934.65 as Dabur (12.79%), ITC (2.06%) and HLL (1.81%). BSE auto index was 7.97 points up to close at 5693. BSE health cares index was up by 10.65 points to close at 3935.12. Besides, BSE capital goods index, which added 57.50 points to close at 9496 as BHEL (1.18%), and L&T (2.27%) ended in green. And Among the losers of BSE sectoral indices, BSE Metal index declined 65.47 points to close at 9069.53 as Tata steel (1.71%) and Hindalco (0.56%) closed lower. BSE Bank index was 34.88 points down to close at 7435 as ICICI Bank up by (1.58%), OBC (1.55%)and HDFC Bank (0.01%) closed lower. BSE Mid cap and BSE small cap ended mixed. BSE mid cap was down by 15.14 points to close at 6103.57 and BSE small cap was up by 20.52 points to close at 7,598.45. Top gainers at BSE Sensex: HDFC Rs 1596.45 (3.14%), ONGC Rs 916.85 (2.49%), L&T Rs 1586.10 (2.12%), ITC Rs 171.95 (1.57%) and HLL Rs 223.95 (1.43%). Top losers: Tata Steel Rs 475.55 (1.71%), ICICI Bank Rs 971.80(1.42%), Reliance comm. Rs 436.35 (1.33%), Reliance energy Rs 528.15 (1.24%), and Tata Motors Rs 952.75 (1.22%)

Mid Day Market Commentary

After two days of consolidation, market opened on positive note and continued to trade strong on back of heavy buying interest seen in index heavyweight. Overall market breadth was positive as 1775 stocks advanced and 734 stocks declined on BSE index. BSE sectoral index were trading higher. Among the BSE sectoral indices, BSE Oil & gas index was adding 153.66 points to trade at 6711.30 as ONGC (4.19%), HPCL (3.10%), BPCL (2.38%), Reliance (1.89%), IPCL (1.18%) were trading higher. Followed by BSE Health index that was trading at 3968 up by 43.51 points as Ranbaxy Labs (0.61%), Sun Pharma (0.27%) and Dr Reddy (0.45%) were trading in green. Besides, BSE bank index was 53.20 points up to trade at 7553; OBC (1.27%), SBI (0.94%) and PNB (0.72%) were trading in green. BSE IT index was up 41.28 points to 5417 as HCL Tech (3.22%), TCS (1.02%), Wipro (0.82%) and Infosys (0.775) were rising. BSE FMCG index was up 23.40 points to trade at 1936 as Dabur (6.67%), ITC (1.89%) and HLL (1.50%) advancing. BSE capital goods index was up by 96.20 points to trade at 9535 as Siemens (1.09%), L&T (1.41%), and ABB (0.36%) were trading in positive zone. BSE Metal index was up by 37.91 points to trade at 9173 as SAIL (1.91%) and Tata Steel (0.08%) were trading up. BSE auto index was gaining 26.80 points to trade at 5712. Moreover, BSE Mid caps and Small cap were roaring in the market and were trading in positive territory. BSE mid cap was up by 64.55 points to trade at 6183.26 and BSE Small cap was up by 121.80 points to trade at 7699.73. At 12.50 pm, BSE sensex was at 14,300.02 up by 168.68 points and Nifty was at 4136.10 up by 59.65 points. Top gainers at BSE sensex: ONGC Rs932 (4.19%), HDFC Rs1584.65 (2.37%), Bharti Airtel Rs982.00 (2.29%), ITC Rs172.5 (1.89%), L&T Rs1582 (1.86%) and Reliance Rs1373 (1.72%). Top losers: Tata Motors Rs959 (0.58%) and Hindalco Rs168 (0.12%).

Pre Open Market Commentary

Market is likely to open on positive note today. Yesterday, market opened firm but closed flat amid volatile trade due to lack of buying interest in index pivotals. As a result, BSE sensex closed at 14,131.30 up by 16.60 points and Nifty was down by 4.05 points to close at 4076.45. Today market outlook will be determined by the India''s top private oil refiner Reliance Industries (RIL) that are going to announce its results on Thursday (18 January). This is primarily due to its heavy weightage on both Sensex and Nifty. Other major results of the day are Ranbaxy Labs, Reliance Energy, UltraTech Cement and Siemens. US market closed in red on Wednesday. DOW was down by 5.44 points to close at 12577.15 and NASDAQ was down by 18.36 points to close at 2479.42. Asian markets were trading in positive territory on Thursday. Nikkei 225 index was up 82.45 points to trade at 17,343.80, Singapore''s Straits Times Index was trading at 3052.38, up 14.72 points and KOSPI index was up 3.86 points to 1383.34. Oil price closed below $53 a barrel. Nifty has support at 4045 and resistance at 4,115 and BSE Sensex has support at 13,920 and resistance at 14,320. However, it is our advice to watch trading session carefully. FIIs were net purchasers to the tune of Rs 101.30 crores on 17thJanuary 2007. Mutual Funds were net purchasers to the tune of Rs71.84 crores on 16thJanuary 2007.

Post Session Market Commentary

Market ended flat amid volatile trade due to lack of buying interest seen across index pivotals. As a result, BSE sensex closed at 14131.34 up by 16.61 points and Nifty was down by 4.05 points to close at 4076.45. Overall market breadth was positive as 1559 stocks advanced and 1023 stocks declined on BSE. BSE sectoral indices closed mixed. Among the gainers of BSE sectoral indices, BSE Bank index was 86.68 points up to close at 7505.68 as ICICI Bank up by (2.81%), OBC (4.31%)and SBI (1.17%) and PNB (2.08%) advanced. Followed by, BSE health cares index was up by 21.04 points to close at 3922 as Cipla (1.18%), Dr. Reddy Labs (1.00%), Sun Pharma (0.79%) and Ranbaxy Labs (0.40%) ended in green. Besides, BSE capital goods index, which added 78.46 points to close at 9440 as BHEL (0.42%), L&T (2.06%) and Siemens (2.48%)and ABB (1.57%) ended in green. And Among the losers of BSE sectoral indices, BSE Metal index declined 22.43 points to close at 9140.31 as SAIL (0.26%) and Hindalco (1.27%) closed lower. BSE oil & gas index declined 45.00 points to close at 6565.55 as ONGC (2.88%)and GAIL (0.23%) were closed down while HPCL (5.37%), BPCL (4.0%), Reliance (0.35%) and IPCL (0.45%) ended in green. Moreover, BSE IT index was down 8.76 points to close at 5370 as TCS (1.59%), Infosys (0.91%) and Wipro (0.84%) ended red. BSE FMGC index was down 17.78 points to close at 1909.49. BSE auto index was 14.65 points down to close at 5685 as M&M (2.15%), Bajaj Auto (0.29%) and Maruti Udyog (0.37%) closed down. BSE Mid cap and BSE small cap ended in green. BSE mid cap was up by 37.61 points to close at 6118.71 and BSE small cap was up by 72.49 points to close at 7,577.93. Top gainers at BSE Sensex: ICICI Bank Rs 986 (2.74%), Reliance Comm Rs 441.70 (2.63%), L&T Rs 1555.00 (2.29%), NTPC Rs 139.6 (1.20%), SBI Rs 1223 (1.14%) and Dr. Reddy Labs Rs 817 (0.98%). Top losers: HDFC Bank Rs 1057.30(3.52%), ONGC Rs 893 (2.92%), TCS Rs 1305 (1.72%), ITC Rs 169 (1.52%) and Hindalco Rs 168.10 (1.09%).

Mid Day Market Commentary

Market was trading flat due to lack of buying interest seen across the index pivotals. Overall market breadth was positive as 1628 stocks advanced and 872 stocks declined on BSE index. BSE sectoral index were trading mixed. BSE bank index that was 9.42 points up to trade at 740.9.57; OBC (3.22%), SBI (1.01%) and ICICI Bank (0.31%) were trading in green while HDFC Bank (3.39%) and HDFC (1.35%) were trading lower. BSE IT index was down 8.91 points to 5369 as HCL Tech (0.88%) and Satyam (0.41%) were rising while Infosys (1.03%) and TCS (0.55%) were trading lower. BSE Oil & gas index was declining 2.70 points to trade at 6,563 as HPCL (3.88%), BPCL (3.18%), IPCL (1.12%) and Reliance (0.28%) were trading in green and ONGC (2.452%) and Gail (0.31%) were trading in negative zone. BSE FMCG index was down 8.99 points to trade at 1918 as ITC up by (0.73%) and HLL down by (0.0.11). BSE Health index was trading at 3924 up by 23.14 points as Sun Pharma (0.99%), Cipla (0.97%), and Dr Reddy (0.83%) were trading in positive territory. BSE capital goods index was up by 54.44 points to trade at 9416 as Siemens (2.31%), L&T (1.34%), and ABB (0.99%) were trading higher. BSE Metal index was up by 45.62 points to trade at 9208 as SAIL (2.47%), NALCO (0.92%) and Tata Steel (0.69%) were advancing. BSE auto index was gaining 7.10 points to trade at 5706.83. BSE Mid caps and Small cap were trading in positive territory. BSE mid cap was up by 41.55 points to trade at 6122.65 and BSE Small cap was up by 63.58 points to trade at 7569.02. At 12.50 pm, BSE sensex was at 14093.12 down by 21.61 points and Nifty was at 4081.55 up by 1.05 points. Top gainers at BSE sensex: SBI Rs 1226.5 (1.43%), L&T Rs 1541.2 (1.38%), Dr. Reddy Labs Rs 816.5 (0.91%), Tata Steel Rs 486.45 (0.87%) and NTPC Rs 139 (0.76%). Top losers: HDFC Bank Rs 1059.95 (3.28%), ONGC Rs 898.35 (2.34%), HDFC Rs 1540 (1.28%), Bharti Airtel Rs 664.85 (0.84%) and ITC Rs 170.25 (0.79%).

Pre Open Market Commentary

Market is likely to open on cautious note today. Yesterday, market opened higher but closed flat amid volatile trade due to lack of buying interest in index pivotals. As a result, BSE sensex closed at 14,114.7 0 down by 14.90 points and Nifty was up by 2.10 points to close at 4080.50. Today market outlook will be cautious and some profit booking is likely to witness during trade. US market closed mixed on Tuesday. DOW was up by 26.51points to close at 12582.59 while NASDAQ was down by 5.04 points to close at 2497.78. Asian markets were trading lower on Wednesday. Nikkei 225 index was down 124.34 points to trade at 17,078.12, Singapore''s Straits Times Index was trading at 3042.02, up 3.81 points, KOSPI index was down 16.70 points to 1373.01 and Hong Kong''s Hang Seng Index was losing 73.13 points to 19,954.13. Oil price dropped below $52 a barrel. Nifty has support at 4025 and resistance at 4,115 and BSE Sensex has support at 13,870 and resistance at 14,320. However, it is our advice to watch trading session carefully. FIIs were net sellers to the tune of Rs 238.90 crores on 16th January 2007. Mutual Funds were net purchasers to the tune of Rs103.51 crores on 15th January 2007.

Post Session Market Commentary

Market ended flat amid volatile trade on back of modest buying interest seen across index pivotals. BSE sensex closed at 14114.73 down by 14.91 points and Nifty was up by 2.10 points to close at 4080.50. Overall market breadth turned negative as 1259 stocks advanced and 1310 stocks declined on BSE. BSE sectoral indices closed mixed. Among the BSE sectoral indices, BSE Metal index was top losers with 108.67 points up to close at 9162.74 as SAIL (2.91%), Hindalco (1.33%) and Tata Steel (0.90%) closed lower. Followed by, BSE oil & gas index declined 45.00 points to close at 6565.55 as Reliance (1.33%), IPCL (1.28%), GAIL (1.24%) and BPCL (1.18%) ended lower. Moreover, BSE IT index was down 17.48 points to close at 5379 as Satyam (1.18%) and Wipro (1.60%) closed higher while TCS (0.48%) and Infosys (1.03%) ended red. BSE health cares index was down by 7.67 points to close at 3901.06. BSE FMGC index was down 6.11 points to close at 1927.27. Among the BSE sectoral index gainers, BSE capital goods index, which added 94.83 points, to close at 9361.10 as BHEL (1.84%), L&T (1.35%) and Siemens (0.41%) ended in green. Besides, BSE auto index that was 47.18 points up to close at 5699.73 as M&M (3.39%), Bajaj Auto (0.15%), Tata Motors (0.74%) and Maruti Udyog (0.53%) closed up. BSE Bank index was 16.74 points up to close at 7419.00 as ICICI Bank up by (0.40%) while OBC (2.335), HDFC Bank (0.13%) HDFC (2.29%) and SBI (0.84%) ended red. BSE Mid cap and BSE small cap ended in green. BSE mid cap was up by 26.59 points to close at 6081.10 and BSE small cap was up by 18.73 points to close at 7,505.44. Top gainers at BSE Sensex: BHEL Rs 2262.5 (1.84%), Wipro Rs 637 (1.58%), ACC Rs 1099 (1.42%), L&T Rs 1520 (1.35%) and Grasim Rs 2875 (1.11%). Top losers: HDFC Rs 1555.4 (2.55%), Infosys Rs 2211 (1.43%), Reliance Rs 1345.5 (1.40%), Hindalco Rs 170.15 (1.36%) and HLL Rs 219.4 (1.04%)

Mid Day Market Commentary

Market was witnessing volatile trade and was trading flat on back of modest buying activities seen across index pivotals. Overall market breadth was positive as 1427 stocks advanced and 1011 stocks declined on BSE index. BSE sectoral index were trading mixed. BSE auto index was gaining 45.10 points to trade at 5698. Followed by, BSE bank index that was 19.64 points up to trade at 7421.90; HDFC Bank (2.45%), HDFC (2.04%) and PNB (0.38%), ICICI Bank (0.30%) and SBI (0.04%) were trading lower. Further, BSE IT index was adding 8.62 points to 5405 as TCS (1.14%), Satyam (1.34%), and HCL Tech (2.72%) were rising while Infosys (0.69%) was trading lower. BSE losers: BSE Oil & gas index was declining 25.58 points to trade at 6,585 as Gail (1.76%), BPCL (1.11%), IPCL (1.10%), and ONGC (0.32%) were trading in negative zone while Reliance (1.12%) was trading in positive zone. BSE FMCG index was down 10.55 points to trade at 1923 as ITC (0.67%) and HLL (0.74%) were trading lower. BSE Health index was trading flat. BSE Mid caps and Small cap were trading in positive territory. BSE mid cap was up by 30.78 points to trade at 6085.29 and BSE Small cap was up by 43.92 points to trade at 7530.63. At 12.50 pm, BSE sensex was at 14135.90 up by 6.25 points and Nifty was at 4081.95 up by 3.55 points. Top gainers at BSE sensex: Bajaj Auto Rs 2818 (1.85%), BHEL Rs 2257.75 (1.62%), ACC Rs 1099.3 (1.45%), Satyam Rs 507.25 (1.34%) and TCS Rs 1343.05 (1.14%). Top losers: HDFC Rs 1563.8 (2.03%), Ranbaxy Labs Rs 426 (1.05%), HLL Rs 220.05 (0.74%), Hindalco Rs 171.25 (0.72%) and Infosys Rs 2227.5 (0.69%).

Pre Open Market Commentary

Market is likely to open on positive note today. Yesterday, market opened higher and continued to trade steady on back of sustained buying interest seen across index pivotals in particulars Metal stocks. As a result market made another all time high. BSE sensex closed at 14,129.60 up by 73.10 points and Nifty was up by 25.95 points to close at 4078.40. Today market outlook will be guarded optimism and some profit booking likely to witness. Asian markets were trading mixed on Tuesday. Nikkei 225 index was adding 43.86 points to 17,253.78, Singapore''s Straits Times Index was trading at 3043.26, up 7.68 points KOSPI index was down 3.85 points to 1387.11. Oil price closed below $53 a barrel. Nifty has support at 4025 and resistance at 4,115 and BSE Sensex has support at 13,950 and resistance at 14,320. However, it is our advice to watch trading session carefully. FIIs were net purchasers to the tune of Rs 207.00 crores on 15th January 2007. Mutual Funds were net purchasers to the tune of Rs637.10 crores on 12th January 2007.

Post Session Market Commentary

Market ended firm on back of sustained buying interest seen in index pivotals in particulars BSE Metal and capital goods stocks. It opened on higher note and continued to trade steady throughout the trading session. But it lost some points during final half an hours of trade. As a result, BSE sensex closed at 14129.64 up by 73.11 points and Nifty was up by 25.95 points to close at 4078.40. Overall market breadth was positive as 1691 stocks advanced and 900 stocks declined on BSE. Coming to sectoral indices, they closed in green. Among the BSE sectoral indices, BSE Metal index was top gainers with 241.52 points up to close at 9271.41 as SAIL (9.93%), Tata Steel (4.13%) and Hindalco (1.61%) closed higher. Followed by, BSE capital goods index, which added 138.08 points, to close at 9266.27 as Siemens (5.86%), L&T (2.92%) and ABB (0.54%) ended in green. Moreover, BSE IT index added 48.27 points to close at 5396 as Satyam (1.05%), TCS (0.46%) and Infosys (0.84%) ended green. BSE oil & gas index rose 51.28 points to close at 6610.55 as Reliance (1.88%) and IPCL (1.30%) ended green. BSE Bank index was 19.01 points up to close at 7402.26 as HDFC Bank (3.03%) HDFC (0.56%) and PNB (0.58%) ended green. BSE auto index was 14.79 points up to close at 5652.55 as M&M (1.58%), Bajaj Auto (0.14%), and Tata Motors (0.67%) closed up. BSE health cares index was up by 37.17 points to close at 3908.73. BSE FMGC index was up 5.91 points to close at 1933.38. BSE Mid cap and BSE small cap ended higher. BSE mid cap was up by 79.87 points to close at 6054.51 and BSE small cap was surged by 115.01 points to close at 7,486.71. Top gainers at BSE Sensex: Tata Steel Rs 487.8 (4.36%), HDFC Bank Rs 1092 (2.70%), L&T Rs 1507.2 (2.69%), Ranbaxy Labs Rs 430.5 (2.26%)and Reliance Rs 1366 (1.93%). Top losers: Maruti Udyog Rs 904.9 (1.72%), ICICI Bank Rs 955 (1.56%), BHEL Rs 2224.45 (1.44%), Hero Honda Rs 732.95 (1.37%) and ONGC Rs 916.25 (0.93%).

MId Day Market Commentary

MId Day Market commentaryMarket was trading stable after opening on strong positive note on back of sustained buying activities seen across index pivotals. Overall market breadth was significantly positive as 1740 stocks advanced and 727 stocks declined on BSE index. BSE sectoral index were trading in green. BSE bank index was 29.37 points up to trade at 7412.61 as and HDFC Bank (2.45%), HDFC (0.97%) and PNB (0.53%) were trading in green while ICICI Bank (0.56%) and SBI (0.24%) were trading lower. BSE IT index was adding 57.18 points to 5405.29 as TCS (2.04%), Satyam (0.81%), Infosys (0.57%) and HCL Tech (0.66%) were rising. Further, BSE Oil & gas index was rising 45.43 points to trade at 6604.7 as Gail (2.06%), IPCL (1.83%), Reliance (1.12%) and ONGC (0.04%) were trading in positive zone. Besides, BSE auto index that was gaining 37.6 points trade at 5675.37 as M&M (1.14%) and Bajaj auto (1.67%) were trading in green. BSE FMCG index was trading flat as HLL (0.14%) and Dabur (0.13%) were trading higher. BSE Health index was up 40.8 points to 3912 as Ranbaxy labs (1.50%), Sun Pharma (1.32%) and Cipla (0.82%) were trading in green. BSE Mid caps and Small cap were trading higher. BSE mid cap was up by 83.25 points to trade at 6057.90 and BSE Small cap was up by 108.84 points to trade at 7480.54. At 12.50 pm, BSE sensex was at 14146.39 up by 89.85 points and Nifty was at 4086.10 up by 33.64 points. Top gainers at BSE sensex: Tata Steel Rs 482 (3.12%), Reliance energy Rs 538 (2.52%), HDFC Bank Rs 1089.25 (2.45%), Gujarat Ambuja Rs 144.25 (2.30%), and ACC Rs 1089.7 (1.91%). Top losers: Hero Honda Rs 736.8 (0.85%), Maruti Udyog Rs 912.95 (0.85%), ITC Rs 170 (0.79%), BHEL Rs 2241.90 (0.67%), ICICI Bank Rs 964.7 (0.56%).

Pre Open Market Commenatary

Market is likely to open on firm note today. On Friday 12th January 2006, trading session turned out to be a dream day for the bourses as both the indices Sensex and Nifty not only managed to cross the psychological level of 14k and 4k respectively once again but also closed at their all time high. This rally was boosted mainly by Bank index, which rose 6.79% on hope of large liquidity in the market as the SLR can be maintained below 25%. As a result, BSE sensex closed at 14,056.53 up by 425.82 points and Nifty was up by 110.20 points to close at 4052.45. Today market outlook will be volatile and some profit booking may be witnessed as the indices are at their all time high. US market closed in green on Friday. DOW closed at 12,556.08, up by 41.10 points and NASDAQ was up by 17.97 points to close at 2502.82. Asian markets were trading in positive territory on Monday. Nikkei 225 index was adding 194.63 points to 17,251.64, Singapore''s Straits Times Index was trading at 3014.68, up 5.59 points and Hong Kong''s Hang Seng Index was adding 173.95 points to 19,787.36. Oil price closed below $53 a barrel. Nifty has support at 3,975 and resistance at 4,095 and BSE Sensex has support at 13,850 and resistance at 14,220. However, it is our advice to watch trading session carefully. FIIs were net purchasers to the tune of Rs 159.20 crores on 12thJanuary 2007. Mutual Funds were net sellers to the tune of Rs250.66 crores on 11th January 2007.

Post Session Market Commentary

Market zoomed on back of heavy buying interest seen across the index pivotals. BSE sensex crossed again 14000 marks and Nifty made all time high by crossing 4024 marks. It opened with handsome gap and continued to trade strong throughout its journey to make a new all time high. BSE sensex closed at 14056.53 up by 425.82 points and Nifty was up by 110.20 points to close at 4052.45. Overall market breadth was positive as 1562 stocks advanced and 1017 stocks declined on BSE. Coming to sectoral indices, they closed higher. Among the BSE sectoral indices, BSE Bank index was the top gainers with 445.14 points up to close at 7359 as ICICI Bank (7.92%), SBI (6.26%), HDFC Bank (6.86%) and HDFC (4.83%) ended higher. BSE capital goods gained 231.50 points to close at 9159.55 as BHEL (4.91%), L&T (3.04%), Siemens (4.58%) and ABB (2.43%) ended in green. BSE IT index added 113.21 points to close at 5344 as TCS (4.02%), Wipro (1.36%), HCL tech (3.64%) and Infosys (1.79%) ended higher. BSE auto index was 89.14 points up to close at 5644.57 as Maruti Udyog (1.78%), M&M (3.08%), Bajaj Auto (0.63%), Tata Motors (2.37%) and Hero Honda (1.23%) closed up. BSE oil & gas index rose 188 points to close at 6570.62 as HPCL (4.16%), BPCL (3.47%), ONGC (1.16%) and Reliance (3.63%) ended higher. BSE health cares index was up by 76.50 points to close at 3874. BSE FMGC index was up 19.68 points to close at 1928.45. BSE Mid cap and BSE small cap ended higher. BSE mid cap was up by 78.84 points to close at 5974.64 and BSE small cap was surged by 93.37 points to close at 7,371.70. Top gainers at BSE Sensex: ICICI Bank Rs 965 (7.92%), HDFC Bank Rs 1067.95 (6.86%), SBI Rs 1222 (6.26%), BHEL Rs 2260 (4.91%), HDFC Rs 1596 (4.83%) and Bharti Airtel Rs 667 (4.70%). Top losers: No losers.

Mid Day Market Commentary

Market continued to trade strong on back of favorable global cues that had boosted positive sentiment in the market. Overall market breadth was significantly positive as 1740 stocks advanced and 740 stocks declined on BSE index. BSE sectoral index were trading higher. Today BSE bank index was top gainer with 307.55 points up to trade at 7221.41as SBI (6.30%), ICICI Bank (4.84%), HDFC (3.84%) and HDFC Bank (3.38%) were trading higher. Followed by BSE IT index that was adding 96 points to 5327 as TCS (3.25%), Infosys (1.84%), HCL Tech (2.48%), Satyam (1.86%) were rising. Further, BSE Oil & gas index was rising 118.54 points to trade at 6501 as HPCL (4.80%), BPCL (3.50%)and Reliance (2.13%) and ONGC (0.95%) were trading higher. Besides, BSE auto index that was gaining 65.40 points trade at 5620.83 as Maruti Udyog (1.35%), M&M (1.33%), Tata Motors (1.43%) and Bajaj auto (0.88%) were trading in green. BSE FMCG index was adding 11.41 points to trade at 1920 as HLL (1.01%), ITC (0.56%) and Dabur (1.45%) were trading higher. BSE Health index was up 45.11 points to 3843 as Cipla (1.34%), Dr Reddy Labs (1.25%), and Ranbaxy labs (0.91%) were trading in green. BSE Mid caps and Small cap were trading higher. BSE mid cap was up by 81.75 points to trade at 5977.55 and BSE Small cap was up by 104.36 points to trade at 7382.69. At 12.45 pm, BSE sensex was at 13,910.47 up by 279.61 points and Nifty was at 4016.70 up by 74.44 points. Top gainers at BSE sensex: SBI Rs 1222.4(6.30%), ICICI Bank Rs 937.55 (4.85%), BHEL RS 2255.15 (4.69%), HDFC Rs 581 (3.84%) and HDFC Bank Rs 1033.10 (3.38%) .Top losers: Reliance Comm Rs 426.7 (0.05%).

Pre Open Market Commentary

Market is likely to edge higher on back of positive global cues today. Yesterday, markets ended with handsome gain on back of heavy buying interest seen across index pivotals. As a result, BSE sensex closed at 13,630.70 up by 268.50 points and Nifty was up by 91.95 points to close at 3,942.25. Today market outlook will be continued optimism on back of positive global cues. US market closed higher on Thursday. DOW made another record high to close at 12,514.98, up by 72.82 points and NASDAQ was up by 25.52 points to close at 2484.85. Asian markets were trading higher on Friday. Nikkei 225 index was adding 265.95 points to 17,104.12, Singapore''s Straits Times Index was trading at 2,983.75, up 22.60 points and KOSPI Index was up 22.01 points to 1,387.32. Oil price closed below $52 a barrel after it was found that consumption last week had dropped 4 percent, based on refinery deliveries. Nifty has support at 3,895 and resistance at 3,985 and BSE Sensex has support at 13,450 and resistance at 13,825. However, it is our advice to watch trading session carefully. FIIs were net sellers to the tune of Rs 1106.80 crores on 11thJanuary 2007.Mutual Funds were net sellers to the tune of Rs 123.66 crores on 10th January 2007.

Post Session Market Commentary

After consecutive five days closing in negative territory, Market made a smart gain during the trade to close higher. It witnessed heavy buying interest in index heavyweight. It started its journey with lower note but had a smart recovery to end higher. BSE sensex closed at 13630.71 up by 268.55 points and Nifty was up by 91.95 points to close at 3942.25. Overall market breadth was positive as 1690 stocks advanced and 860 stocks declined on BSE. Coming to sectoral indices, they closed higher. BSE capital goods gained 141 points to close at 8930 as L&T (2.48%), Siemens (2.13%), ABB (2.10%) and BHEL (0.34%) closed lower. Following this, BSE bank index closed at 6950, up by 106 points as ICICI Bank (2.73%), SBI (1.80%) and HDFC Bank (0.94%) ended in green. BSE IT index added 99 points to close at 5224 as Wipro (5.32%), HCL tech (3.57%), TCS (3.37%) and Infosys (0.50%) ended higher. Further, BSE Metal index also closed higher as it was up 98 points to close at 8678 as Nalco (5.87%), Tata steel (2.24%), SAIL (5.14%) and Hindalco (2.09%) advanced. BSE auto index was 120.89 points up to close at 5570.36 as Maruti Udyog (3.12%), M&M (4.5%), Bajaj Auto (2.13%), Tata Motors (0.65%) and Hero Honda (0.26%) closed higher. BSE oil & gas index rose 119.6 points to close at 6388 as HPCL (2.85%), BPCL (2.32%), ONGC (3.13%) and Reliance (1.87%) ended higher. BSE health cares index was up by 63 points to close at 3801. BSE FMGC index was up 61 points to close at 1910. BSE Mid cap and BSE small cap ended higher. BSE mid cap was up by 76.46 points to close at 5896 and BSE small cap was surged by 132.06 points to close at 7,278. Top gainers at BSE Sensex: Reliance comm. Rs 431.3 (5.91%), Wipro Rs 622 (5.32%), HLL Rs 217.8 (4.44%), Bharti Airtel Rs 640 (4.39%)and NTPC Rs 137.95(3.80%). Top losers: HDFC Rs 1520 (0.44%) and Grasim Rs 2784 (0.07%).

Mid Day Market Commentary

Market was trading in positive territory on back of buying interest seen across index pivotals in particulars FMCG, Metal, Auto and Oil & gas. Overall market breadth was positive as 1570 stocks advanced and 847 stocks declined on BSE index. BSE sectoral index were trading in green except BSE IT and BSE Bank index. Today BSE index gainers: BSE FMCG index was adding 41.33 points to trade at 1890 as HLL (3.26%), ITC (1.90%) and Dabur (0.50%) were trading higher. Followed by BSE auto index that was gaining 50.70 points trade at 5500 as Maruti Udyog (1.69%), M&M (1.63%), Tata Motors (0.40%) and Bajaj auto (0.80%) were trading in green. BSE Metal index was up 82 points to trade at 8759 as Nalco (3.45%), SAIL (3.14%) Hindalco (1.82%) and Tata Steel (0.76%) were advancing. BSE Oil & gas index was rising 49 points to trade at 6317 as HPCL (2.34%), BPCL (1.59%)and Reliance (0.58%) were trading higher. Further, BSE bank index was down 0.63 points to trade at 6844 as ICICI Bank (0.26%) was declining while HDFC (0.40%), SBI (1.19%) and HDFC Bank (0.34%) were rising. BSE Health index was up 34.41 points to 3773 as Dr Reddy Labs (0.92%), Glaxo SmithKline (1.37%)and Ranbaxy labs (1.31%), Sun Pharam (1.01%) were trading in green. BSE IT index was down by 5.43 points to 5120 as Infosys was down by (1.84%) though it declared at par with expected results while TCS (0.70%), HCL Tech (1.21%), Satyam (2.38%) were rising. BSE Mid caps and Small cap were trading higher. BSE mid cap was up by 35.98 points to trade at 5855 and BSE Small cap was up by 75.02 points to trade at 7222. At 1:25 pm, BSE sensex was at 13,459 up by 97 points and Nifty was at 3888.10 up by 37.80 points. Top gainers at BSE sensex: Wipro Rs 610 (3.37%), HLL Rs 215.35 (3.26%), Maruti Udyog Rs 903 (2.53%), Satyam Rs 475 (2.38%) and NTPC Rs 135.9 (2.26%). Top losers: Infosys Rs 2128.95 (1.84%), Grasim Rs 2760 (0.19%), Hero Honda Rs 725.1 (0.60%), ICICI Bank Rs 879.35 (0.39%) and BHEL Rs 2140 (0.14%).

Pre Open Market Commentary

Market is likely to open firm today. Yesterday, markets ended lower on back of heavy selling pressure seen across index pivotals. As a result, BSE sensex closed at 13,362.20 down by 204.10 points and Nifty was down by 61.10 points to close at 3,850.30. Today market outlook will be determined by the Infosys result. Though a corrective pullback may not be ruled out in the absolute near term. US market closed in green on Wednesday. DOW was up by 25.56 points to close at 12442.16 and NASDAQ was up by 15.50 points to close at 2459.33. Asian markets were trading in positive territory on Thursday. Nikkei 225 index was adding 42.56 points to 16,984.96, Singapore''s Straits Times Index was trading at 2,983.75, up 22.60 points and KOSPI Index was up 17.74 points to 1,373.53. Oil price closed below $55 a barrel. Nifty has support at 3,815 and resistance at 3,895 and BSE Sensex has support at 13,220 and resistance at 13,585. However, it is our advice to watch trading session carefully. FIIs were net sellers to the tune of Rs 797 crore on Wednesday 10th January 2007.

Post Session Market Commentary

Market ended in deep red on account of heavy selling pressure seen across the index pivotals. It opened lower and continued to trade in negative terrain mainly due to heavy selling pressure seen in Capital goods and Bank stocks. As a result, BSE sensex closed at 13362.16 down by 204.17 points and Nifty was down by 61.10 points to close at 3850.30. Overall market breadth was negative as 893 stocks advanced and 1664 stocks declined on BSE. Coming to sectoral indices, they closed lower. Among the sectoral indices, Capital goods and Bank index were the top losers. BSE capital goods lost 187 points to close at 8789 as BHEL (4.57%), Siemens (2.15%), ABB (1.97%) and L&T (0.90%%) closed lower. Following this, BSE bank index closed at 6845, down by 172 points as OBC (3.21%), SBI (3.36%), ICICI Bank (3.24%) and HDFC (2.59%) ended lower. Besides, BSE IT index lost 35 points to close at 5126 as HCL tech (2.09%), TCS (1.31%), Infosys (0.28%) and Satyam (0.26%) ended lower. Further, BSE Metal index also closed lower as it was down 98 points to close at 8678 as Tata steel (0.55%), SAIL (2.65%) and Hindalco (0.57%) ended lower. BSE auto index was 36 points down to close at 5450 as Tata Motors (0.65%), Maruti Udyog (0.59%), M&M (1.73%), Bajaj Auto (0.65%) and Hero Honda (0.29%) closed lower. BSE oil & gas index declined 81 points to close at 6268 as HPCL (1.51%), ONGC (3.08%) and Reliance (0.26%) ended in red. BSE health cares index was down by 53 points to close at 3738. BSE FMGC index was down 0.95 points to close at 1849. BSE Mid cap and BSE small cap also lost the ground and ended in red. BSE mid cap was down by 62.97 points to close at 5819 and BSE small cap was down by 66 points to close at 7,146. Top gainers at BSE Sensex: Wipro Rs 594 (2.27%) and ITC Rs 163.2 (0.34%). Top losers: BHEL Rs 2145.9 (4.57%), Reliance Comm Rs 408 (3.55%), SBI Rs 1135 (3.36%), ICICI Bank Rs 883 (3.24%), ONGCRs 890 (3.08%), and Dr Reddy Labs Rs 776 (2.85%).

Mid Day Market Commentary

Market was continuously trading below the flat line on account of lack of fresh buying in index pivotals. Overall market breadth was marginally negative as 1170 stocks advanced and 1289 stocks declined on BSE index. BSE sectoral index were trading mixed. Today BSE index gainers: BSE auto index that was adding 6.98 points trade at 5492 as Maruti Udyog (0.66%), Tata Motors (0.27%) Hero Honda (0.53%)and Bajaj auto (0.23%) were trading in green. BSE loser includes, BSE Metal index was down 21.09 points to trade at 8754. BSE Oil & gas index was loosing 44.47 points to trade at 6304 as GAIL (0.11%), ONGC (3.28%), BPCL (0.94%) and HPCL (0.59%) were trading lower. Further, BSE bank index that was declining 83.42 points to trade at 6933 as OBC (2.31%), HDFC (2.04%), SBI (1.40%) and ICICI Bank (1.64%) was trading lower. BSE Health index was down 23.92 points to 3767 as Dr Reddy Labs (1.65%), Glaxo SmithKline (1.37%)and Ranbaxy labs (0.31%) were trading lower. BSE IT index was down by 30.41 points to 5130 as TCS (1.63%), HCL Tech (0.96%), Satyam (0.52%) and Infosys (0.94%) were declining. BSE Mid caps and Small cap were trading mixed. BSE mid cap was down by 12.05 points to trade at 5870.26 and BSE Small cap was up by 7.65 points to trade at 7220. At 12:55 pm, BSE sensex was at 13,449 down by 117.54 points and Nifty was at 3867.85 down by 43.55points. Top gainers at BSE sensex: Maruti Udyog Rs 891.95 (0.66%), Hindalco Rs 166.20 (0.57%), Hero Honda Rs 734.05 (0.53%), Tata Motors Rs 913.05 (0.27%) and ACC Rs 1026 (0.24%). Top losers: ONGC Rs 888.15 (3.28%), Dr Reddys Rs 784 (1.85%), ICICI Bank Rs 897.6 (1.64%), BHEL Rs 2212 (1.63%) and TCS Rs 1235 (1.63%).

Pre Open Market Commentary

Market is likely to open lower today. Yesterday, markets ended weak on back of deep selling pressure seen across index pivotals. As a result, BSE sensex closed at 13,566.30 down by 85.90 points and Nifty was down by 22.00 points to close at 3,911.40. Today market outlook is likely to bearish on account of continued selling activities as Asian market were trading lower. US market closed flat on Tuesday. DOW was down by 6.89 points to close at 12416.6 and NASDAQ was up by 5.63 points to close at 2443.83. Asian markets were trading lower on Wednesday. Nikkei 225 index was losing 290.88 points to 16,946.89, Singapore''s Straits Times Index was trading at 2,973.56, down 34.79 points and KOSPI Index was down 22.60 points to 1,351.74. Oil price closed below $56 a barrel. Nifty has support at 3,865 and resistance at 3,935 and BSE Sensex has support at 13,430 and resistance at 13,685. However, it is our advice to watch trading session carefully. FIIs were net sellers to the tune of only Rs3075.70 crores in equity on 9th January 2007. Mutual Funds were net sellers to the tune of Rs148.30crores (provisional) in equity on 8th January 2007.

Post Session Market Commentary

Market ended lower on account of profit booking by the participants. It opened on positive note and got buying momentum from Oil & gas, FMCG and auto stocks to trade in positive territory. But after mid session, it slipped into negative terrain on back of selling pressure across the index pivotals. As a result, BSE sensex closed at 13566.30 down by 85.90 points and Nifty was down by 22.00 points to close at 3911.40. Overall market breadth turned negative as 1173 stocks advanced and 1404 stocks declined on BSE. Coming to sectoral indices, they closed mixed. Among the sectoral indices, Capital goods were to loser with 122.90 points down to close at 8976 as L&T (2.17%), Siemens (1.63%), ABB (1.02%) and BHEL (0.70%) closed lower. Following this, BSE IT index lost 44 points to close at 5161 as HCL tech (0.02%), Infosys (0.57%) and Satyam (4.10%) ended lower while TCS (1.14%) and Wipro (0.43%) ended in green. Further, BSE Metal index which was down 39.31 points to close at 8775 as Tata steel (1.76%), SAIL (1.74%) and Hindalco (0.84%) ended lower. Besides, BSE bank index closed at 7017, down by 66 points as OBC (3.77%), SBI (3.43%), PNB (3.275) and HDFC (0.94%) ended lower. BSE auto index was 41.38 points down to close at 5485 as Tata Motors (2.1%), Maruti Udyog (1.45%), M&M (0.73%) and Hero Honda (0.50%) closed lower. BSE health cares index was down by 36.45 points to close at 3791. Among the gainer, BSE oil & gas index rose 29.57 points to close at 6349 as GAIL (3.69%), ONGC (1.52%) and Reliance (0.34%) ended in green. BSE FMGC index was up 0.62 points to close at 1849. BSE mid cap was down by 29.70 points to close at 5882 while BSE small cap was down by 39 points to close at 7,212. Top gainers at BSE Sensex: Gujarat Ambuja cem Rs 140 (2.45%), ONGC Rs 924 (1.45%), ICICI Bank Rs 916 (1.11%), TCS Rs 1257 (0.92%) and Bharti Airtel Rs 627 (0.90%). Top losers: Satyam Rs 465 (4.40%), SBI Rs 1172.90 (3.30%), Tata Motors Rs 906 (2.33%), L&T Rs 1430 (2.12%), and Reliance comm. Rs 426.20 (2.10%).

Mid Day Market Commentary

Market was trading flat on back of selective buying interest in index pivotals in particulars Oil & gas, FMCG and auto stock. Overall market breadth was positive as 1687 stocks advanced and 575 stocks declined on BSE index. BSE sectoral index were trading mixed. Today decline of oil prices had boosted the oil & gas index, which was up by 65.78 points to trade at 6386 as GAIL (2.97%), ONGC (1.73%) and Reliance (0.29%) advanced. Trend is followed by BSE FMCG index that was up by 13.80 points to trade at 1862 as HLL (0.82%), ITC (0.49%) and Dabur (0.63%) were advancing. BSE auto index was adding 17.41 points trade at 5544 as M& M (1.33%), Bajaj auto (0.72%) and Hero Honda (0.14%) were trading in green. BSE bank index that was declining 12.98 points to trade at 7,069 as SBI Bank (0.87%), HDFC Bank (0.96%), SBI (0.81%) and HDFC (1.26%) was trading lower. BSE Health index was rising 13.73 points to 3842 as Ranbaxy labs (0.88%) and Sun pharma (0.28%) were advancing. BSE IT index was down by 10.65 points to 5209 as Satyam (1.74%) and Infosys (0.17%) were declining. BSE Mid caps and Small cap were trading in green. BSE mid cap was up by 27.97 points to trade at 5940 and BSE Small cap was up by 47.14 points to trade at 7298. At 12:55 pm, BSE sensex was at 13,627.86 down by 24.29 points and Nifty was at 3935.05 up by 2.00 points. Top gainers at BSE sensex: Gujarat Ambuja Rs140.25 (2.63%), ONGC Rs927 (1.77%), HLL Rs 211.8(0.86%), ITC Rs164.20 (0.83%) and Bharti Airtel Rs 626 (0.74%). Top losers: Satyam Rs 479.5 (1.42%), Tata Motors Rs 916.55 (1.20%), HDFC Bank Rs 1016 (1.15%), HDFC Rs 1577.90 (1.02%) and L&T Rs 1446.75 (0.98%)

Pre Open Market Commentary

Market is likely to open on positive note today. Yesterday, markets ended weak on back of deep selling pressure seen across index pivotals. As a result, BSE sensex closed at 13,652.20 down by 208.30 points and Nifty was down by 50.00 points to close at 3,933.40. Today market outlook will be cautious and profit booking may be witnessed during trade. US market closed in green. DOW was up by 25.48 points to close at 12423.49 and NASDAQ was up by 3.95 points to close at 2438.20. Asian markets were trading in positive territory on Tuesday on account of buying interest seen in mining, steel, technology and energy stocks. Nikkei 225 index was adding 118.54 points to 17,210.13, Singapore''s Straits Times Index was trading at 3,012.37, up 12.37 points and Hong Kong''s Hang Seng Index was up 50.32 points or 0.25% to 20,079.98. Oil price slipped below Dollar 56 a barrel as mild US weather curbs fuel consumption and fuel stockpiles. The beleaguered Cairn India Ltd. will make its stock market debut on Tuesday. Nifty has support at 3,885 and resistance at 3,955 and BSE Sensex has support at 13,450 and resistance at 13,785. However, it is our advice to watch trading session carefully. FIIs were net purchasers to the tune of only Rs 0.90crores in equity on 8th January 2007. Mutual Funds were net purchasers to the tune of Rs 15.48crores (provisional) in equity on 5th January 2007.

Post Session Market Commentary

Market was continuously trading in negative territory and at last ended in red due to heavy selling pressure was seen in scrips across index pivotals. BSE sensex closed at 13652.15 down by 208.37 points and Nifty was down by 50.00 points to close at 3933.40. Overall market breadth was positive as 1675 stocks advanced and 905 stocks declined on BSE. Coming to sectoral indices, they closed in red. Among the sectoral indices, IT index was the top losers with 138.83 points to close at 5204 as Wipro (3.02%), Infosys (2.95%), Satyam (2.60%) and TCS (1.43%) ended lower. This trend is followed by BSE Metal index which was down 165 points to close at 8814 as Tata steel (0.77%), SAIL (1.55%) and Hindalco (2.45%) ended lower. BSE bank index closed at 7083, down by 71 points as HDFC Bank (2.98%), HDFC (1.74%) and ICICI Bank (0.55%) ended lower. BSE auto index was 68.73 points down to close at 5527 as Maruti Udyog (4.17%), Bajaj auto (2.57%) and Hero Honda (2.27%) closed lower. BSE oil & gas index declined 19.00 points to close at 6320.00 as HPCL (1.90%), BPCL (0.60%), GAIL (0.83%) and IPCL (0.52%) ended lower. BSE FMGC index lost 25.71 points to close at 1849 as ITC was down by (1.69%) while HLL (1.57%) closed in red. BSE health cares index was down by 22 points to close at 3828. BSE mid cap was down by 25 points to close at 5912 while BSE small cap was up by 59 points to close at 7,251. Top gainers at BSE Sensex: ONGC Rs911.05 (1.66%), Ranbaxy Labs Rs 418.50 (1.225) and Dr. Reddys Labs Rs 811 (0.22%). Top Losers: Maruti Rs 896 (4.23%), ACC Rs1020 (3.33%), Infosys Rs2206 (3.06%), Wipro Rs581.15 (2.95%) and Reliance Comm Rs434.20 (2.90%).

Mid Day Market Commentary

The markets have slipped further into the red on account of heavy selling in scrips across sectors. Sensex was trading lower at 13672.55 down by 1.36% or 187.97 points, whereas the Nifty traded at 3929.90 down by 1.34% or 53.50 points. Leading the downfall were IT stocks followed by Auto and Metals. About 1649 shares have advanced, 929 shares declined, and 39 shares are unchanged. Top gainers on the Sensex are MTNL up 4.57%, Bharat Forge 2.0%, ONGC 1.68% and GAIL (India)1.43%. Top losers were Indiabulls Fin down by 5.37%, Satyam computers 3.39% and Maruti Udyog 3.25%. Top gainers on the Nifty are MTNL up 4.53%, ONGC 1.65%, IPCL 0.94% and GAIL(India)0.87%. Top losers on the Nifty are Satyam computers down 3.45%, Maruti Udyog 3.20%, TCS 3.05% and Tata Motors 2.94%. Among BSE indices, BSE midcap were down by 0.35% at 5915.88,whereas BSE small cap were trading 0.85% higher at 7252.54. IT was down by 2.11%, Auto down by 1.57 and Metal was down by 1.57%. Only consumer goods index was trading marginally higher by 0.89%.

Pre Open Market Commentary

Market had a bullish start to 2007. Although the market closed in red for the last two trading days of the last week, but on a weekly basis the Sensex closed higher by around 0.5% to close at 13860 and Nifty closed higher by 0.4% to close at 3983. US stocks have closed lower, as traders reacted negatively despite a strong employment data. The Dow closed down by 83 points at 12398 and NASDAQ closed down by 19 points at 2434. Major Asian markets were trading mixed. Benchmark Nikkei 225 index was almost flat to trade at 17226 while Singapore’s STI was down 5 points to 2687 and Taiwan’s Taiwan Weighted was up 26 points to 7021. Oil prices were trading at around $56.5 a barrel. Taking cue from the global markets, Indian Markets are likely to open down today. The markets are expected to remain rangebound for the time. Substantial move in any direction is expected after the results of Infosys on 11th January. Today, Nifty has support at 3957 and resistance at 4015 and BSE Sensex have support at 13769 and resistance at 13972. FII’s were net buyers to the tune of Rs 207.80 crores (provisional) in equity on 4th January 2007. Mutual Funds were net sellers to the tune of Rs 21.42 crores (provisional) in equity on 4th January 2007.

Post Session Market Commentary

Market ended flat amid higher volatile trade. During whole trading session market was unable to find the direction as the participants had adopted cautious steps. As a result markets ended in red, with BSE sensex closed at 13860.52 down by 11.19 points and Nifty was down by 5.40 points to close at 3983.40. Overall market breadth was positive as 1566 stocks advanced and 998 stocks declined on BSE. Coming to sectoral indices, they closed mixed. Among the sectoral indices, OIL & gas, Bank and Metal index closed in positive and rest indices closed negative. BSE oil & gas index was up 81.46 points to close at 6338.55 as HPCL (2.54%), BPCL (1.90%), GAIL (3.96%) and ONGC (2.66%) ended higher. BSE bank index closed at 7154.27 up 59.40 points as ICICI Bank (2.31%), HDFC (1.51%) and OBC (1.37%) ended higher. Followed by BSE metal index, which was up by 12.92 points to close at 8980 as Tata steel was up by (1.22%) while SAIL (2.94%) and Hindalco (2.66%) ended red. BSE auto index was the top loser with 85.73 points down to close at 5595 as Hero Honda (0.73%), Tata motors (0.82%) and Maruti Udyog (2.93%), M&M (2.93%) and Bajaj auto (1.30%) closed lower. BSE FMGC index lost 12.17 points to close at 1874.77 as ITC was down by (2.22%) while HLL (1.21%) closed higher. Further, BSE IT index was down 26.12 points to close at 5344 as Satyam (0.03%) and TCS (0.47%) ended in positive while Infosys (0.40%) and Wipro (1.90%) ended lower. BSE health cares index was down by 26.43 points to close at 3849. BSE mid cap was down by 5.32 points to close at 5936 while BSE small cap was up by 41.42 points to close at 7,192. Top gainers at BSE Sensex: ONGC Rs 898.00 (2.66%), ICICI Bank Rs 911.00 (2.31%), HDFC Rs 1605.00 (1.51%), Grasim Rs 2835.00 (1.45%) and Tata Steel Rs 471.10 (1.18%). Top Losers: Reliance comm. Rs 446.10 (4.01%), Maruti Udyog Rs 938.00 (3.06%), Hindalco Rs 170.25 (2.66%), Gujarat Ambuja cem Rs 138.95 (2.63%) and ITC Rs 165.15 (2.22%).

Mid Day Market Commentary

After struggling in morning session, market made recovery to trade in positive terrain on back of selective buying interest seen in index pivotals in particulars Bank and Oil & gas stocks. Overall market breadth was positive as 1841 stocks advanced and 575 stocks declined on BSE index. BSE sectoral index were trading mixed. Today again, decline of oil prices had boosted the oil & gas index, which was up by 119.41 points to trade at 6376.50 as HPCL (3.74%), BPCL (3.05%), GAIL (3.26%) and Reliance (1.87%) advanced. Followed by BSE bank index that was climbing 111.57 points to trade at 7,206.44 as ICICI Bank (2.70%), HDFC Bank (1.14%), SBI (0.81%) and HDFC (0.87%) was advancing. BSE Health index was rising 7.13 points to 3883.21 as Ranbaxy labs (0.61%) and Glaxosmithkline (0.45%) were advancing. BSE IT index was up by 24.97 points to 5394.80 as TCS (0.39%), Infosys (0.55%), Sataym (1.12%) and Wipro (0.33%) were climbing. BSE auto index was losing 11.89 points trade at 5669.29 as Maruti Udyog (1.82%), Bajaj auto (0.65%) and Hero Honda (0.60%) were trading lower. BSE FMCG was down by 12.91 points to 1874.03 as ITC (1.78%) and Dabur (0.33%) were slipping. BSE Mid caps and Small cap were trading in green. BSE mid cap was up by 46.23 points to trade at 5988.22 and BSE Small cap was up by 99.58 points to trade at 7249.71. At 12:45 pm, BSE sensex was at 13,938.25 up by 66.54 points and Nifty was at 4004.90 up by 16.10 points. Top gainers at BSE sensex: ICICI Bank Rs 914.50 (2.70%), Reliance Rs 1304.30 (1.87%), ONGC Rs 885.9 (1.28%), Satyam Rs 507.5 (1.12%) and Grasim Rs 2825 (1.09%). Top losers: Reliance comm. Rs 454.15 (2.28%), Hindalco Rs 171.75 (1.80%), Maruti Udyog Rs 950.50 (1.77%), ITC Rs 165.95 (1.75%) and Gujarat Ambuja cem Rs 141.20 (1.05%).

Pre Open Market Commentary

Market may edge lower today. Yesterday, markets ended weak as selling pressure was seen across index pivotals especially in metal, FMCG and IT stocks. As a result, BSE sensex closed at 13,871.70 down by 143.20 points and Nifty was down by 35.25 points to close at 3,988.80. Today market outlook will be cautious and profit booking may be witnessed during trade, as Asian markets were weak in early trade. US market closed in green. DOW was up by 6.17 points to close at 12480.69 and NASDAQ was up by 30.27 points to close at 2453.43. Asian markets were trading mixed on Friday. Nikkei 225 index was losing 211.59 points to 17,131.23 and KOSPI was declining 0.7% to 1387.50. Oil price slipped 0.6% to $55.27 a barrel as mild US weather curbs fuel consumption and fuel stockpiles jumped 1.97 million barrels to 135.6 million last week. Today, Nifty has support at 3,955 and resistance at 4005 and BSE Sensex have support at 13,750 and resistance at 13,985. However, it is our advice to watch trading session carefully. FIIs were net purchasers to the tune of Rs 207.80crores in equity on 4th January 2007. Mutual Funds were net purchasers to the tune of Rs 198.04 crores (provisional) in equity on 3rd January 2007.

Post Session Market Commentary

After opening on positive note, market slipped in negative territory and continued to trade in this zone on account of selling pressure seen across index pivotals. As a result markets ended in red, with BSE sensex closed at 13871.71 down by 143.21 points and Nifty was down by 35.25 points to close at 3988.80. Overall market breadth was positive as 1491 stocks advanced and 1041 stocks declined on BSE. Coming to sectoral indices, they closed mixed. Among the sectoral indices, OIL & gas and capital goods index were closed higher and rest indices closed lower. BSE oil & gas index was up 19.02 points to close at 6257.28 as HPCL (4.17%), BPCL (2.38%), GAIL (1.59%) and ONGC (0.32%) ended higher. BSE FMGC index was top loser with 41.81 points to close at 1885.29 as ITC (3.885), HLL (0.42%) and Dabur (0.07%) closed lower. Followed by BSE metal index, which was down by 184 points to close at 8939 as SAIL (3.58%), Tata steel (1.58%) and Nalco (0.72%) ended red. Further, BSE IT index was down 87 points to close at 5363 as Satyam (2.89%), TCS (1.57%), Infosys (1.15%) and Wipro (2.42%) ended lower. Other indices, health care index down by 0.53 points to close at 3884 and BSE auto index down by 48.11 points to close at 5674 as Hero Honda (2.98%), Bajaj auto (1.41%) and Maruti Udyog (1.08%) closed lower. Besides, BSE bank index closed at 7070.75 down 72.61 points as HDFC (2.12%), SBI (1.97%), OBC (1.85%) and HDFC Bank (1.81%) ended lower. BSE mid cap was up by 3.43 points to close at 5935.81 and BSE small cap was up by 63.91 points to close at 7,144.37. Top gainers at BSE Sensex: DR. Reddys Labs Rs823.15 (1.81%), Reliance Energy Rs530.85 (1.08%), L&T Rs1490 (0.93%), Tata Motors Rs947.5 (0.88%) and ONGC Rs875 (0.32%). Top Losers: ITC Rs168.75 (3.76%), Hindalco Rs174 (3.12%), Hero Honda Rs755 (2.98%), Satyam Rs502.1 (2.53%) and Wipro Rs605 (2.43%).

Mid Day Market Commentary

Market was trading in negative territory on back of selective profit booking in index pivotals. Overall market breadth was positive as 1581 stocks advanced and 815 stocks declined on BSE index. BSE sectoral index were trading mixed. BSE bank index was climbing 9.34 points to trade at 7,152.78 as ICICI Bank was up by (0.32%) and SBI was up by (0.14%). The decline of oil prices had boosted the oil & gas index, which was up by 56.62 points to trade at 6294.88 as HPCL (4.37%), BPCL (3.11%), GAIL (1.04%) and Reliance (0.58%) advanced. BSE Health index rose 6.17 points to 3880.79 as Ranbaxy labs (0.61%), Dr. Reddys Labs (1.52%)and Glaxosmithkline (0.93%) were advancing. BSE IT index was down by 52.38 points to 5398.13 as TCS (1.57%), Infosys (1.08%), Sataym (1.66%) and Wipro (0.1.66%) were declining. BSE Metal index was the top loser with 114.00 points down to trade at 9009.59 as SAIL (1.79%), Tata Steel (0.94%) and Hindalco (3.18%) were slipping. BSE FMCG was down by 30.32 points to 1896.78 as ITC (3.16%) and HLL (0.21%) were slipping. BSE Mid caps and Small cap were trading in green. BSE mid cap was up by 22.63 points to trade at 5932.38 and BSE Small cap was up by 80.76 points to trade at 7161.22. At 12:55 pm, BSE sensex was at 13,920.18 down by 94.74 points and Nifty was at 3996.15 down by 27.90 points. Top gainers at BSE sensex: DR. Reddys Labs Rs 820.75 (1.52%), Reliance Energy Rs 530.85 (1.08%), L&T Rs 1492 (1.07%), Tata Motors Rs 945.15 (0.63%) and Ranbaxy labs Rs 414.75 (0.61%). Top losers: ITC Rs 169.75 (3.19%), Hindalco Rs 174.00 (3.15%), Hero Honda Rs 756.8 (2.74%), HDFC Bank Rs 1042.2 (2.21%) and HDFC Rs 1575.8 (1.91%).

Pre Open Market Commentary

Market likely open on positive note today. Yesterday, markets ended higher after slipping in negative terrain due to buying interest seen in index pivotals especially in Health and IT stocks. As a result, BSE sensex closed at 14014.90 up by 72.70 points and Nifty was up by 16.65 points to close at 4024.05. Today market outlook will be continued optimism as indices managed to close above 4000 levels as well as better global cues but some profit booking may be witnessed during the trade. US market closed in green. DOW was up by 11.37 points to close at 12474.52 and NASDAQ was up by 7.87 points to close at 2423.16. Asian markets were trading mixed on Thursday. Nikkei 225 index was adding 149.85 points to 17,375.68. KOSPI was declining 10.81 points to1398.54, Hong Kong index was losing 20.4 points to 20,392.99 and Straits Times index was declining 15.05 points to 3022.69. Oil price slipped 0.17% to $58.22 a barrel as mild US weather curbs fuel consumption. Today, Nifty has support at 3,985 and resistance at 4045 and BSE Sensex have support at 13,875 and resistance at 14,220. However, it is our advice to watch trading session carefully. Mutual Funds were net sellers to the tune of Rs 7.98 crores (provisional) in equity on 2nd January 2007.

Post Session Market Commentary

Markets ended in green on second trading session of the year 2007, with BSE sensex closed above 14000 and Nifty stayed above 4000 levels. The buying activities were intensified across the index pivotals especially in auto, tech and health index. BSE sensex closed at 14014.92 up by 72.68 points and Nifty was up by 16.65 points to close at 4024.05. Overall market breadth was positive as 1621 stocks advanced and 898 stocks declined on BSE. Today, BSE health care index outperformed the other indices as Ranbaxy Labs (3.79%), CIPLA (2.39%) and Dr. Reddys (0.25%) ended higher. Followed by BSE auto index that closed at 5722.30, up by 26.26 points as Bajaj auto (3.84%), Maruti Udyog (0.59%) and Tata Motors (1.22%) closed higher. This trends again followed by BSE tech index in which Satyam (1.17%), TCS (2.30%), Infosys (1.84%) and Wipro (0.90%) ended higher. Further, oil & gas index closed mixed as Reliance up by (0.34%) and ONGC down by (0.24%). Besides, BSE bank index closed at 7143 up by 22.93 points as SBI up by (1.11%) while ICICI Bank down by (0.76%), HDFC Bank (0.35%) and HDFC (0.62%). BSE metal index closed at 9123 up by 1.58 points as Hindalco up by (0.62%) while Tata steel down by (1.55%) closed in green. Both mid cap and small cap closed in green. BSE mid cap was up by 60.85 points to close at 5932.38 and BSE small cap was up by 76.36 points to close at 7,080.46. Top gainers at BSE Sensex: Bajaj Auto Rs 2844.00 (3.84%), Ranbaxy Labs Rs 413.5 (3.79%), CIPLA Rs 257.55 (2.39%), TCS Rs 1277.25 (2.30%) and Infosys Rs 2314.25 (1.84%). Top Losers: HLL Rs 212.35 (1.89%), ACC Rs 1075.00 (1.59%), Hero Honda Rs 772.00 (1.55%), Tata Steel Rs 471.00 (1.55%) and ITC Rs 175.25 (0.90%).

Mid Day Market Commentary

Market was witnessing higher volatility due to lack of fresh buying interest seen across the index pivotals. Overall market breadth was positive as 1477 stocks advanced and 908 stocks declined on BSE index. BSE sectoral index were trading mixed. BSE auto index was up by 36.38 points to trade at 5732 as Maruti Udyog (1.32%), Bajaj Auto (2.82%) and Tata Motors (1.62%) were trading higher. BSE Health index rose 26.63 points to 3846.63 as Ranbaxy labs (3.59%), Dr.Reddys Labs (0.40%)and CIPLA (0.18%) were advancing. BSE tech index was up by 13.53 points to 3714.45 as TCS (0.94%), Infosys (0.90%), Satyam (0.42%) and Wipro (0.335) were rising. BSE Metal index was trading 36.93 points down to 9085 as Tata Steel (1.12%) and Hindalco (0.035) were slipping. BSE oil & gas was slipping by 17.15 points to 6221 as ONGC (1.35%), GAIL (0.74%), HPCL (0.135) and Reliance (0.11%) were declining. BSE Mid caps and Small cap were trading in green. BSE mid cap was up by 42.47 points to trade at 5914.00 and BSE Small cap was up by 66.49 to trade at 7070.59. At 12:55 pm, BSE sensex was at 13,988.32 up by 46.08 points and Nifty was at 4013.15 up by 5.75 points. Top gainers at BSE sensex: Ranbaxy labs Rs 412.7 (3.59%), Bajaj Auto Rs 2816.00 (2.82%), Tata Motors Rs 945.00 (1.62%), Gujarat Ambuja cem Rs 146.40 (1.53%) and L&T Rs 1480.2 (1.45%). Top losers: HLL Rs 213.2 (1.50%), HDFC Rs 1596 (1.48%), ITC Rs 174.9 (1.10%), ONGC Rs 867.5 (0.98%) and ACC Rs 1082.5 (0.91%)

Pre Open Market Commentary

Market got strength as the indices have closed at the upper end of their intraday range, accompanied by a positive market breadth. Further, it is supported by mutual funds and FIIs as they became net purchasers. FIIs were net purchasers to the tune of Rs 331.90 crores in equity on 2nd January 2007. Mutual Funds were net buyers to the tune of Rs 225.18 crores (provisional) in equity on 29th December 2006. This would lead to firm opening of the market today. Yesterday, markets ended higher on back of heavy buying in index pivotals especially in auto index. BSE sensex closed at 13,942.20 up by 155.30 points and Nifty was up by 41.00 points to close at 4007.40.Today, market outlook will be continued optimism as bulls are on a strong position and Asian markets were trading higher on Wednesday. Hong Kong index rose 1% to 20,519.67. Oil price was trading below $61 a barrel. Today, Nifty has support at 3,975 and resistance at 4035 and BSE Sensex have support at 13,850 and resistance at 14,200. However, it is our advice to watch trading session carefully.

Post Session Market Commentary

Market closed higher on First trading session of the year 2007. The buying activities were intensified across the index pivotals. As a result, BSE sensex closed at 13,934.90 up by 148.00 points and Nifty was up by 41.00 points to close at 4007.40. Overall market breadth was positive as 1865 stocks advanced and 649 stocks declined on BSE. Today auto sector outperformed the other sector as M&M (5.58%), Bajaj auto (4.60%), Maruti Udyog (4.60%) and Tata Motors(3.68%) closed higher. This trends followed by BSE tech sector in which Satyam (4.87%), TCS (2.82%), Infosys (1.24%) and Wipro (0.85%) ended higher. Further, oil & gas index also closed in green as GAIL (1.68%), Reliance (1.06%), ONGC (0.74%) and IPCL (0.54%) closed in green. Besides, BSE bank index closed in green as PNB up by (0.99%), SBI up by (0.59%) and ICICI Bank up by (0.42%). BSE metal index’s set Hindalco (2.30%), SAIL (1.97%) and Nalco (0.49%) closed in green. Both mid cap and small cap closed in green. BSE mid cap was up by 66.35 points to close at 5871.53 and BSE small cap was up by 111.78 points to close at 7,004.10. Top gainers at BSE Sensex: Satyam Rs 507.5 (4.87%), Maruti Udyog Rs 970.00 (4.60%), Bajaj Auto Rs 2738.00 (4.6%), Tata motors Rs 933.4 (3.68%) and TCS Rs 1253.00 (2.82%). Top Losers: Tata Steel Rs 476.1 (1.29%), HDFC Rs 1610.55 (0.86%), Dr. Reddys Rs 804.25 (0.86%), Reliance Comm Rs 469.55 (0.37%) and HDFC Bank Rs 1067.7 (0.19%).

Mid Day Market Commentary

Market opened on positive note and continued to trade strong on back of selective buying interest seen in auto, Pharma and telecom stocks. Overall market breadth was significantly positive as 1838 stocks advanced and 497 stocks declined on BSE index. In BSE auto packs, Maruti Udyog (3.22%), Bajaj Auto (2.72%), Tata Motors (1.38%) and hero Honda (0.74%) were trading higher. BSE Health index, Ranbaxy labs (2.05%) and cipla (0.50%) were advancing. Index heavy weight HLL was trading at Rs 218.4 up by 0.85%, Index heavy weight Reliance was trading at Rs1282 up by 0.92%. Besides, tech major Infosys was trading at 2252.75 up by 0.55% and Cigarette major ITC was trading at 177.65 up by 0.97%. BSE Mid caps and Small cap were trading in green. BSE mid cap was up by 70.28 points to trade at 5876 and BSE Small cap was up by 131.40 to trade at 7023.72. At 12:55 pm, BSE sensex was at 13,925.31 up by 138.40 points and Nifty was at 4000.00 up by 33.59 points. Top gainers at BSE sensex: Maruti Udyog Rs 958.00 (3.31%), Bajaj Auto Rs 2690.00 (2.72%), Ranbaxy Labs Rs 399.90 (2.05%), Gujarat Ambuja cem Rs 144.00 (1.91%) and Satyam Rs 491.65 (1.59%).

Pre Open Market Commentary

Indian Markets will likely open on cautious note today. Friday, markets ended in red amid choppy trade. As a result, BSE sensex closed at 13,786.90 down by 59.40 points and Nifty was down by 4.15 points to close at 3966.40.Today, market outlook will be guarded optimism on account positive Asian cues. Asian markets were trading higher on first trading session of 2007. Hong Kong, Taiwan and Indonesian markets were advancing. Japan, New Zealand, Malaysia, China and Singapore markets remained closed. Oil price was trading below $61 a barrel. Today, Nifty has support at 3,935 and resistance at 4002 and BSE Sensex have support at 13,750 and resistance at 14,030. However, it is our advice to watch trading session carefully. FIIs were net sellers to the tune of Rs 1049.70 crores in equity on 29th December 2006. Mutual Funds were net buyers to the tune of Rs 677.10crores (provisional) in equity on 28th December 2006.