Click here to read 29th April, 2008 KR Choksey Stock Market Update up to 2.30pm.

Result Update: Reliance Capital FY08 consolidated net profit at Rs 10.09 bn. Dividend declared Rs 5.50/Share

News Update:

• Tata Power refinances bridge loan for Indonesian coal mine buy

• Tata Steel’s Jharkhand expansion still on drawing board

• GSK Pharma to launch patented anti-cancer drug Pykerb in May

• Warburg Pincus to invest $75 mn in Rajasthan real estate co

• Mahindra Lifespace, Arch Capital to develop 54-acre township

FII activity for 28/04/08: Net Buyers of Rs 214.86 Crs. in Index Futures, Net Buyers of Rs 137.14 crs in Index Options, Net Buyers of Rs 24.42 Crs. in Stock Futures and Net Buyers of Rs 78.72 Crs in Stock Options.

Opening Market Review:  Markets are likely to be neutral to negative in 1^st half and likely to recover in 2^nd half. Nifty (market) is strong above weak below: 5105; Sensex: 17089; Nifty Rest: 5132-5174; Supt: 5063-5037; Sensex Rest: 17199-17381; Supt: 16906-16796. Buying (Trading) opportunities exist in Nagarjuna Const, Bombay Dyeing, Axis Bank, Bata, BEML, Century Tex, Dr Reddy, REL. Cash buying in BEL, GTL, Thermax, Sun Pharma, Zee Ent, DLF, Unitech. Nifty April Fut. strong above/weak below: 5117; Rest: 5150-5183; Support: 5084-5051.

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