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market strong .

for how long we expect this to be strong. expert say, it may continue for another 2 days. my guess, just one more day left

Ranbaxy Laboratories said on Wednesday, 13 February 2008 its board would
meet on 19 February 2008 to consider spinning off its new drug discovery
research unit into a separate company.

The boards of Ansal Properties & Infrastructure approved raising Rs 100
crore through issue of one crore non-convertible debentures to LIC Mutual
Fund.

Sembawang Engineers and Constructors, a unit of Punj Lloyd, has been awarded
a S$400 million contract to build part of the Marina Bay Sands integrated
resort in Singapore. The project, which starts this month and is slated for
completion in April 2009, comprises the resort's casino, theatres and retail
arcade.

Bharti Airtel said on Wednesday, 13 February 2008 its number of users had
reached 60 million, including fixed-line and broadband.

GAIL India has signed an initial deal with Russian gas producer ITERA to
jointly develop city gas supply and petrochemicals projects in Russia and
the CIS countries. The two firms would also jointly seek exploration and
production opportunities in Russia and its nearby region.

Steel stocks may see some action based on the reports that suggests the
major domestic steel producers are unlikely to roll back the prices due to
rising input costs.

DLF has reportedly bagged the Indian Premier League (IPL) title sponsorship
rights for Rs 200 crore for five years with a first-year commitment of Rs 40
crore. Though the deal has a five-year commitment, it can be renegotiated
three years down the line, depending on IPL's performance. The minimum cap
will, however, remain at Rs 40 crore per annum, the reports suggested.

BSE SENSEX ON THURSDAY FEB 14, 1.00 PM

At 1.00 PM, the BSE Sensex was up by 714.10 points, or 4.21 % at 17663.24 points.It opened with an upward gap of 316.05 points at 17265.19, touched an intraday high of 17686.43 & low of 17265.19.


The market breadth was extremely positive on BSE: 1805 scrips had advanced, 821 declined, while 47 remain unchanged.


The BSE mid cap Index was higher by 288.49 points, or 4.08 % at 7364.02 . The BSE small cap Index was up by 274.92 points, or 3.04 % at 9324.62 .


The BSE-100 Index (up 393.82 points, or 4.40 % at 9345.02), BSE-200 Index (up 92.45 points, or 4.39 % at 2199.48), BSE-500 Index (up 289.46 points, or 4.30 % at 7018.97).


Top gainers of Sensex were BHEL(up 10.35% at Rs 2186.90), Hindalco(up 8.47% at 162.65), Rel.Energy(up 7.30% at 1671.90), Rel.Commun(up 6.98% at 597.00), L & T(up 5.90% at 3470.00).


Ambuja Cem. (down -0.47% at Rs 115.60) was the only loser in BSE sensex.


Top gainers from BSE-500 were United Bre(hold(up 20.00% at Rs 920.10), Power Finance(up 16.31% at 175.40), Zee News(up 15.09% at 50.35), Guj.Fluoroc(up 14.64% at 269.80).


Top losers from BSE 500 were Karuturi Network(down -4.99% at Rs 235.15), Mascon Global(down -4.79% at 18.90), Panacea Biotec(down -4.13% at 297.00), Geojit Fin(down -2.65% at 58.85).


BSE Realty Index (up 7.24% at 10111.51) was top gainer in all sectors index. Led by Indiabulls Real (up 11.88% at Rs 641.10), Ansal Prop. (up 11.29% at Rs 214.40).


BSE Power Index (up 6.20% at 3662.39), Led by BHEL (up 10.35% at Rs 2186.90), GMR Infrastruct (up 7.70% at Rs 158.80).


BSE Capital Goods Index (up 6.14% at 16071.19), Led by Praj Indust. (up 10.85% at Rs 163.00), Carborundum Uni (up 10.31% at Rs 146.00).


BSE Oil & Gas Index (up 5.25% at 10711.60), Led by Essar Oil (up 10.51% at Rs 203.50), Indian Oil Corp (up 7.70% at Rs 507.85).


BSE Metal Index (up 4.90% at 15497.70), Led by Jindal Stainless (up 8.88% at Rs 160.00), Hindalco (up 8.47% at Rs 162.65).


BSE Bank Index (up 4.29% at 10577.76), Led by Indian Overseas (up 6.26% at Rs 173.90), ICICI Bank (up 5.71% at Rs 1162.00).


BSE FMCG Index (up 3.13% at 2166.53), Led by United Brew (up 14.46% at Rs 268.00), Bata India (up 7.88% at Rs 159.45).


BSE Auto Index (up 2.95% at 4689.46), Led by Ashok Leyland (up 4.67% at Rs 35.85), Mah & Mah (up 4.55% at Rs 603.30).


BSE Health Care Index (up 2.51% at 3580.34), Led by Sterling Bio. (up 7.26% at Rs 155.20), Matrix Lab (up 6.16% at Rs 149.10).

it is not a bull market but it is strong market session. the trend is strong.till now fii & fdi are not active in india because their own market is very atractive.after budget they will think of staying in our market.on our own we cannot push our market up.market....... strong......days.

even europe: all in green. it seems close to be a good close today.i hope a good earning day for many persons.good luck.

Union Cabinet notifies delimitation of constituencies

In a major development, that will change the political map of the country, the Union Cabinet on Thursday formally notified the delimitation of constituencies in all states barring five. Today’s development would have far reaching political conations as many political big-wigs, who have nurtured constituencies for long, risk losing their political clout.

Govt raises petrol, diesel prices

Zeenews Bureau

New Delhi, Feb 14: In a bid to bring petro prices in line with international trends, the Cabinet on Thursday finally cleared a hike of Rs 2 per litre for petrol and Rs 1 per litre for diesel.

The new hike in the fuel prices will come into effect from midnight.

The Cabinet decision on fuel pricing is already drawing flak from political parties, which have expressed their strong displeasure against the move.

Reacting to it, CPI M leader Sitaram Yechury said, “We are not happy with the decision to hike fuel prices.”

The Cabinet members met in the morning to discuss a possible hike in the fuel prices considering a surge in global crude oil prices.

The meeting headed by Prime Minister Manmohan Singh comprised representatives from all political parties that form part of the ruling UPA alliance.

Earlier, a Group of Ministers headed by External Affairs Minister Pranab Mukherjee had left a decision on fuel prices to the Cabinet after the panel was split right in the middle on the issue. Petroleum Minister Murli Deora insisted on a duty cut rather than price hike, while Finance Minister P Chidambaram was opposed to any pre-budget duty rejig.

International oil prices have been hovering over USD 100 for quite some time now. Oil companies that were charging customers in accordance to old prices have been incurring huge losses. Today’s decision will come as a major reprieve.

IMF asks India to gear up to meet impact of global crisis

New Delhi, Feb 13: Emerging economies like India, which is expanding rapidly, are not insulated from the impact of a slowdown in the us and would feel the pinch "sooner or later," the International Monetary Fund said on Wednesday.

"The industrial and emerging economies are like two horses yoked together," IMF Managing Director Dominique S Kahn said, adding that nations world over would have to face the impact of global financial crisis "sooner or later".

Kahn, who is on a three-day visit to India, also underlined the need for a global solution to the problem of financial crisis, which could have a ripple effect on several economies.

While firming up their response to the global crisis, he suggested, the emerging economies should consider the scope of monetary easing and their ability to provide fiscal stimulus.

The extra spending, he added, should be for a smaller period and must be backed by policy measures like exchange rate flexibility.

Referring to the Indian growth story and future prospects, he said, "India's economic engine will run smoothly and there is no reason why the country should not remain a lucrative investment option for the rest of the world."

The IMF chief further added India's economic growth rate of 8.2 to 8.3 per cent was "not that bad".

Bureau Report

C B Bhave to be new Sebi chief

New Delhi, Feb 14: C B Bhave, currently the chairman of National Securities Depository Ltd, will be the new chief of the Securities and Exchange Board of India.

He will replace the current Sebi chief M Damodaran.

Bhave, who had earlier served both in the finance ministry as well as the Sebi, is expected to take charge after Damodaran's term ends on February 17, sources said.

There was, however, no official confirmation on the appointment that is believed to have been decided on Wednesday night after the finance ministry reportedly took up the issue with the Prime Minister's Office.

A notification on the appointment of the new Sebi chairman is expected to be announced shortly.

The name of Bhave, along with that of UTI Asset Management Company chairman U K Sinha, Canara Bank [Get Quote] chairman M B N Rao, and ministry of external affairs additional secretary J Bhagwati, was doing the rounds as a possible successor to Damodaran.

The panel had also said current Chairman M Damodaran can be eligible for reappointment. Damodaran took over as Sebi chairman in February 2005 for a three-year term.

Bureau Report