News Update:

• Aventis Pharma to export paracetamol to Australia this yr onwards

• Parsvnath to launch 13,200 sq m housing project in Jamnagar 

• Bombay Rayon arm to buy Italian co’s retail ops 

• Hindustan Zinc cuts lead price by Rs 2,800/tn; zinc Rs 2,400 

• Parsvnath launches housing, mall project in Jamnagar

• Gayatri Projets gets 6 orders worth Rs 967.9 mn

• AVT Natural ends sale pact with US horticultural co

• Sterlite Tech gets Rs 2.96 bn orders from Power Grid Corp

• RIL to drill 3 new production wells in KG Basin MA field

• RIL has found oil from MA field in KG Basin’s D6 Block

• DGH OKs Reliance Ind development plan for KG Basin MA field

• BSE to exclude S Kumar Nationwide from mid-Cap, 500 indices Thu

• Unitech’s arm gets spectrum in Tamil Nadu including Chennai

• Sun Pharma arm gets US nod to market anti-cancer drug iriontecan

FII activity for 23/04/08: Net Sellers of Rs. 276.39 Crs. in Index Futures, Net Buyers of Rs 637.35 crs in Index Options, Net Sellers of Rs 230.71 Crs. in Stock Futures and Net Buyers of Rs 5.49 Crs in Stock Options.  

Opening Market Review: Markets are likely to be volatile with no clear bias. Nifty (market) is strong above weak below: 5037; Sensex: 16720; Nifty Rest: 5070-5117; Supt: 4990-4957; Sensex Rest: 16850-17001; Supt: 16568-16438. Buying (Trading) opportunities exist in AIA Eng, Birla Corp, Bombay Dyeing, Century Text, EKC, Lupin, Tata Motors, Tata Steel, GBN. Cash buying in Grasim, Hind Unilever, Jindal Saw, HCC, Hind Zinc. Nifty April Fut. strong above/weak below: 5047; Rest: 5077-5111; Support: 5013-4983.

Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
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Same day target hit: Renuka Sugar has hit our 2^nd target at 1025 as recommended in KRC Equity Blaster. Hold for tgt.1042.

News Update: IFC to invest in Tata Power’s 4,000 MW Mundra ultra mega project

Same day target hit: Renuka sugar has hit our target at 1015 as recommended in KRC Equity Blaster.

Buy Renuka Sugar at 996 KRC Equity Blaster 1^st target 1015 2^nd target 1025 Safe Stop Loss 986 Secure Time 2-3 days Growth at www.krchoksey.com

Interview: Watch Mr. Deven Choksey’s view on market live on NDTV at 10.30AM and on Zee Business at 3.00PM

FII activity for 08/04/08: Net Buyers of Rs. 240.56 Crs. in Index Futures, Net Sellers of Rs 39.34 in Index Options, Net Sellers of Rs 14.07 Crs. in Stock Futures and Net Sellers of Rs 2.59 Crs in Stock Options.

Opening Market Review: Markets are likely to open flat with volatility on both sides. Nifty (market) is strong above weak below: 4719; Sensex: 15612; Nifty Rest: 4760-4811; Supt: 4668-4627; Sensex Rest: 15746-15903; Supt: 15454-15322. Buying (Trading) opportunities exist in Alstom Proj, Auro Pharma, Axis Bank, BOI, Bharti Airtel, Corp Bank, GE Ship, Tata Tea, Sterlite Ind, Kotak Bank, Moser Baer, Chennai Petro. Cash buying in Indian Bank, Hind Zinc, Air Deccan, Yes Bank, Union Bank. Nifty April Fut. strong above/weak below: 4708; Rest: 4753-4814; Support: 4646-4601.

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Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
Email: customercare@krchoksey.com / eservices@krchoksey.com

Market Outlook  

Key Indices: 

Indices opened down over 1% on weak cues from overseas markets. In the mid session, Market extended losses midway through the session, shedding 4% on heavy selling in bank and information technology shares. Concern that the sharp rise in domestic inflation would dent growth and news the Institute of Chartered Accountants of India has asked companies to disclose all losses on derivatives contracts for the current financial year ending today dampened the sentiment here. 

Outlook:

Markets are likely to be volatile with profit booking at higher levels with gap opening

Medium term sideways and long term remains positive.

  KEY Indicators: 

 Market News: 

• Punj Lloyd gets $68 mn order from Italy co
• Aksh, Eros pact for offering video-on-demand on MTNL’s IPTV svc
• L&T gets Rs 5.76 bn order from HPCL
• MSP Steel & Power gets prospective license for limestone mines
• Suven Life Sciences gets patents for 2 molecules in Korea, Mexico
• Subex launches new Moneta 2.6 version for telecom cos
• M&M to invest Rs 15 bn more in Maharashtra plant
• BHEL gets Rs 5.5 bn order from New Caledonia

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Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
Email: customercare@krchoksey.com / eservices@krchoksey.com

Market Outlook

Key Indices:

Indices were down nearly 1% as investor’s unwound positions on March derivatives contracts expiry today. In the mid session, indices were trading mixed after recouping losses, helped by firm European markets.

Outlook:

Markets are likely to be volatile with upward bias with flattish to weak opening

Medium term sideways and long term remains positive.

KEY Indicators:

Market News:

• GSK Pharma gets notice from Mumbai civic body on Worli land sale
• Tata Motors launches 1-tn pickup truck in Thailand
• Govt allows NTPC to invest over Rs 10 bn in power unit JVs
• Maharashtra govt to sign investment pact with Bharat Forge
• Bharat Forge to set up Rs 5 bn forging unit in Baramati
• Power Finance signs MoU with RITES
• Hindustan Zinc cuts zinc price by Rs 5,200 a tn

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Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
Email: customercare@krchoksey.com
eservices@krchoksey.com

Key Indices: 

Firm cues from overseas markets and expectations from the Union Budget lifted key share indices up around 1.4%. In the mid session, indices were up over 1%, but slightly off highs in choppy trade on continued selling pressure at higher levels. 

 Outlook:

Markets are likely to be in rangebound movements

Medium term sideways and long term remains positive.

KEY Indicators: 

 Market News:                

• JV cos of Reliance Energy, Tata Power distribute power in Delhi
• Exelon Infra, IK Projects in pact for apparel unit
• GE Shipping in pact to sell 2 product tankers in Apr-Jun 2010
• BGR Energy gets Rs 7.93 bn order from Andhra power co
• TVS Motor confirms launch of new 125cc motorcycle Flame

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Eservices
Tel: 91-22-6696 5555   
KRChoksey Shares & Securities Pvt. Ltd.
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Market Outlook

 Outlook:

Markets are likely to be volatile

Medium term accumulation and long term remains positive.

  KEY Indicators: 

 Market News:         

• L&T’s power equipment JV plant at Hazira to be completed in 24 mos
• Karnataka Power Corp’s long-term bank loans get ICRA’s LA
• HDFC to infuse Rs 39 bn to maintain stake at 23.2% in HDFC Bank
• L&T infra project development arm listing likely in 2009-10

Key Indices:

• Markets are likely to be volatile
• Medium term accumulation and long term remains positive.

• Bharat Forge to sign MoU for 1-mln-tn steel plant in Bengal today
• Alstom Projects India wins 2 export orders worth Rs 5.92 bn
• L&T gets pipeline order from Cairn India
• Tanla Solutions arm gets order from Europe co Mliven
• Glenmark Pharma’s rheumatoid arthritis molecule in phase 1 trial
• Simplex Infrastructure gets Rs 3.02 bn order in Oman
• Hindustan Zinc ups lead price by Rs 3,300 a tn

For Detailed analysis kindly log on to www.krchoksey.com

Key Indices:

Indices were down over 1% tracking the decline in overseas markets. In the mid session, market extended decline and shed over 2% mirroring the trend in key Asian markets.

Outlook:

Markets are likely to be volatile with negative bias

Medium term accumulation and long term remains positive.

KEY Indicators:

Market News:                

• TCS gets $120 mn order from Chrysler LLC
• Mundra Port to invest Rs 600 mn in car export terminal
• Maruti Suzuki, Mundra Port in pact for car terminal for exports
• Kale Consultants to develop web-enabled solution for Sri Lanka co
• NIIT in pact to train students globally on Microsoft platforms
• NALCO plans 0.5 mn tn smelter, 1200MW power unit in S Africa
• IVRCL Infra gets orders worth Rs 5.18 bn
• Orchid gets US OK for Cefuroxime Axetil tablets
• Parsvnath arm, Royal Orchid Hotels to invest Rs 5 bn in JV
• M&M launches Scorpio SUV, Pik-Up in Peru

 Sector Analysis:

This is just the synopsys for detailed report please log on to www.krchoksey.com

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