Analysts Meet - Reliance Power

 RELIANCE POWER LIMITED

cordially invites you to a

ANALYSTS' MEET

In connection with the Company's Initial Public Offer of Equity Shares


Day/Date: Friday, 4th January 2008 Venue: The Crystal Room, Hotel Taj Mahal


Time: 6.45 pm Service: Cocktail & Dinner

RSVP:
Venaktesh.somayaji@relianceada.com ; Cell: 9312782480
Sharad.goe@relianceada.com ; Cell : 9323835459
Girish.gangawat@adfactorspr.com ; Cell : 9892016641

NSE Burnpur Deals

 03-JAN-2008,BURNPUR,Burnpur Cement Limited,AJAY DESAI,BUY,298000,41.51,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,AMBIT SECURITIES BROKING PVT. LTD.,BUY,1692495,39.75,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ANIL M PARMAR,BUY,269239,43.46,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ARUNKUMAR LAXMAN KAPIRI,BUY,332571,40.17,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASH KARAN JAIN,BUY,452351,42.85,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASHOK BABUBHAI THAKKER-TRADING ALC,BUY,795181,40.55,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASHOK KUMAR,BUY,356364,38.89,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED,BUY,2759013,38.72,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASSET ALLIANCE SECURITIES PVT. LTD.,BUY,1414334,38.03,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASTRAL FINANCE,BUY,600000,41.72,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,BUY,582868,40.66,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,B K SHAH AND CO,BUY,1003669,42.86,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,BAJAJ SHARE & STOCK BROKERS PVT. LTD.,BUY,211422,41.95,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,BLB LIMITED,BUY,309161,43.09,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,BLS COMMERCIAL COMPANY PRIVATE LIMITED,BUY,508331,33.64,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,154764,40.46,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CHIRAG MAHENDRA SHAH,BUY,220615,36.81,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CIMMCO VINIMAY PVT LTD,BUY,340000,39.72,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CONSOLIDATED SECURITIES LTD,BUY,374641,34.80,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CPR CAPITAL SERVICES LTD.,BUY,632923,42.00,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CREDENTIAL STOCK BROKERS LIMITED,BUY,744052,44.25,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,DINDAYAL BIYANI STOCK BROKERS LTD.,BUY,1955589,33.40,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,DINESH MUNJAL,BUY,922015,40.41,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,DYNAMIC STCOK BROKING (I) PVT LTD,BUY,778991,39.33,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,EAST INDIA SECURITIES LTD.,BUY,318941,29.60,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,GANDHI SECURITIES & INVESTMENT PRIVATE LIMITED,BUY,347387,38.77,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,GAURAV PALIWAL,BUY,733333,39.34,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,GHALLA BHANSALI STOCK BROKERS PVT. LTD.,BUY,455768,41.79,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,INDRA KUMAR BAGRI,BUY,614802,41.29,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,INDU MAHENDRA SHAH,BUY,350000,41.39,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,INDUS PORTFOLIO (P) LTD.,BUY,1032887,44.49,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JASMIN SHAH,BUY,234035,43.67,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JAY SURESH CHHEDA,BUY,999570,41.44,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JIGNESH ENTERPRISES,BUY,709532,41.99,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JINESH SHAH,BUY,262000,35.77,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KAKANI GAURAV,BUY,800104,40.58,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KARIMJEE PVT.LTD.,BUY,283810,37.76,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,BUY,3291686,39.77,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KHANDWALA TRADELINK CO,BUY,2126556,38.81,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KJB TRADING CO,BUY,366419,38.37,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,LATIN MANHARLAL SECURITIES PVT. LTD.,BUY,1069053,43.79,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,M/S JIYA INVESTMENTS,BUY,615170,45.15,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MAHENDRA DHANJI CHHEDA,BUY,1649522,41.94,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MANIPUT INVESTMENTS PVT LTD,BUY,355420,41.45,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MANSI JAIN,BUY,515000,42.44,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MANSUKH SECURITIES & FINANCE LTD,BUY,222629,38.55,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MRUDULLA KANAIYALAL SHAH,BUY,231751,42.18,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MUKESH BROKERAGE & FINANCIAL (INDIA) LTD.,BUY,259875,36.72,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,NAMAN SECURITIES & FINANCE PVT LTD,BUY,1385211,39.52,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,NANDKISHORE & CO.,BUY,479264,40.52,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,NISSAR BROTHERS,BUY,1167428,35.82,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,OPG SECURITIES PVT. LTD.,BUY,560853,38.60,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PRAKASH K SHAH SHARES & SECURITIES PVT. LTD,BUY,218657,36.58,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PRASHANT JAYANTILAL PATEL,BUY,1343581,43.56,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PRAVIN JUMKHALAL SHAH,BUY,889414,42.67,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PUJA TAPARIA,BUY,350000,40.59,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PURVI VIPUL SHETH,BUY,1071214,39.79,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,R APPALA RAJU,BUY,260000,42.94,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,R.M. SHARE TRADING PVT LTD,BUY,1946324,39.75,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RAHUL DOSHI,BUY,1623577,38.40,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RAMAKANT R CHOKHANI,BUY,471683,33.99,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RAMESH M DAMANI,BUY,244827,31.88,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RUPESH KIRIT DALAL,BUY,959597,43.21,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SANJAY BHANWARLAL JAIN,BUY,753117,44.56,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SARAVANA STOCKS PRIVATE LIMITED,BUY,500000,46.35,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SETU SECURITIES PVT.LTD.,BUY,398528,42.98,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SHAH HAREN MANUBHAI,BUY,426798,45.89,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,STANDARD SECURITIES & INVESTMENT INTERMEDIATES LIMITED,BUY,420735,39.33,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SUMATI GARG,BUY,277982,45.63,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SUNIL PANDURANG MANTRI,BUY,230348,33.25,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,TEJAS DESAI,BUY,1399228,42.00,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,TRANSGLOBAL SECURITIES LTD.,BUY,7046872,40.47,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VAIBHAV DOSHI,BUY,350549,41.48,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VELBAI KHIMJI CHHEDA,BUY,1391540,41.11,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VIJAY KUMAR SINGH,BUY,994384,38.09,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VIVEK STOCK BRK PVT LTD,BUY,317221,39.07,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,YES INVESTMENTS VISHAL KISHORE BHATIA,BUY,280000,40.51,-






03-JAN-2008,BURNPUR,Burnpur Cement Limited,AJAY DESAI,SELL,298000,42.01,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,AMBIT SECURITIES BROKING PVT. LTD.,SELL,1686175,39.69,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ANIL M PARMAR,SELL,269239,43.66,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ARUNKUMAR LAXMAN KAPIRI,SELL,332571,41.53,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASH KARAN JAIN,SELL,353351,43.02,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASHOK BABUBHAI THAKKER-TRADING ALC,SELL,794881,40.83,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASHOK KUMAR,SELL,356364,38.99,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED,SELL,2759013,39.42,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASSET ALLIANCE SECURITIES PVT. LTD.,SELL,1414334,36.94,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASTRAL FINANCE,SELL,400000,44.63,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,SELL,582866,41.16,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,B K SHAH AND CO,SELL,997680,41.53,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,BAJAJ SHARE & STOCK BROKERS PVT. LTD.,SELL,330873,39.92,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,BLB LIMITED,SELL,309161,42.70,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,BLS COMMERCIAL COMPANY PRIVATE LIMITED,SELL,508331,31.85,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CHANDARANA INTERMEDIARIES BROKERS P. LTD,SELL,224764,42.12,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CHIRAG MAHENDRA SHAH,SELL,220615,37.04,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CIMMCO VINIMAY PVT LTD,SELL,340000,40.43,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CONSOLIDATED SECURITIES LTD,SELL,374641,34.65,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CPR CAPITAL SERVICES LTD.,SELL,632923,42.09,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CREDENTIAL STOCK BROKERS LIMITED,SELL,744052,44.46,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,DINDAYAL BIYANI STOCK BROKERS LTD.,SELL,1955589,31.26,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,DINESH MUNJAL,SELL,922015,40.91,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,DYNAMIC STCOK BROKING (I) PVT LTD,SELL,803991,39.49,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,EAST INDIA SECURITIES LTD.,SELL,318941,29.29,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,GANDHI SECURITIES & INVESTMENT PRIVATE LIMITED,SELL,347387,37.22,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,GAURAV PALIWAL,SELL,733333,39.62,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,GHALLA BHANSALI STOCK BROKERS PVT. LTD.,SELL,455768,42.03,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,INDRA KUMAR BAGRI,SELL,614802,39.40,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,INDU MAHENDRA SHAH,SELL,350000,41.57,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,INDUS PORTFOLIO (P) LTD.,SELL,1032887,44.57,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JASMIN SHAH,SELL,234035,43.59,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JAY SURESH CHHEDA,SELL,999570,41.91,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JIGNESH ENTERPRISES,SELL,709532,42.22,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JINESH SHAH,SELL,260500,36.40,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KAKANI GAURAV,SELL,800104,40.86,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KARIMJEE PVT.LTD.,SELL,283810,36.06,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,SELL,3291610,39.88,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KHANDWALA TRADELINK CO,SELL,2121555,37.67,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KJB TRADING CO,SELL,366419,38.18,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,LATIN MANHARLAL SECURITIES PVT. LTD.,SELL,1094053,44.09,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,M/S JIYA INVESTMENTS,SELL,615170,45.38,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MAHENDRA DHANJI CHHEDA,SELL,1649522,42.07,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MANIPUT INVESTMENTS PVT LTD,SELL,355420,40.19,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MANSI JAIN,SELL,515000,35.01,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MANSUKH SECURITIES & FINANCE LTD,SELL,222629,38.78,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MRUDULLA KANAIYALAL SHAH,SELL,231751,37.42,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MUKESH BROKERAGE & FINANCIAL (INDIA) LTD.,SELL,259875,36.88,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,NAMAN SECURITIES & FINANCE PVT LTD,SELL,1385211,39.29,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,NANDKISHORE & CO.,SELL,479264,36.30,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,NISSAR BROTHERS,SELL,1167428,35.92,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,OPG SECURITIES PVT. LTD.,SELL,560853,38.17,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PRAKASH K SHAH SHARES & SECURITIES PVT. LTD,SELL,218657,34.92,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PRASHANT JAYANTILAL PATEL,SELL,1343583,43.35,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PRAVIN JUMKHALAL SHAH,SELL,889414,42.89,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PUJA TAPARIA,SELL,350000,41.09,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PURVI VIPUL SHETH,SELL,1071214,39.23,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,R APPALA RAJU,SELL,260000,43.42,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,R.M. SHARE TRADING PVT LTD,SELL,1946324,39.34,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RAHUL DOSHI,SELL,1623577,39.02,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RAMAKANT R CHOKHANI,SELL,471683,33.03,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RAMESH M DAMANI,SELL,244827,33.41,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RUPESH KIRIT DALAL,SELL,959597,43.63,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SAFAL INFRASTRUCTRE PVT LTD,SELL,515605,25.18,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SANJAY BHANWARLAL JAIN,SELL,753117,44.77,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SETU SECURITIES PVT.LTD.,SELL,348528,43.24,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SHAH HAREN MANUBHAI,SELL,426798,45.65,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,STANDARD SECURITIES & INVESTMENT INTERMEDIATES LIMITED,SELL,420724,38.50,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SUMATI GARG,SELL,100000,39.85,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SUNIL PANDURANG MANTRI,SELL,234447,32.93,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,TEJAS DESAI,SELL,1399228,42.40,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,TRANSGLOBAL SECURITIES LTD.,SELL,7046872,40.47,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VAIBHAV DOSHI,SELL,350549,42.16,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VELBAI KHIMJI CHHEDA,SELL,1391540,41.47,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VIJAY KUMAR SINGH,SELL,994384,39.01,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VIVEK STOCK BRK PVT LTD,SELL,317221,33.54,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,YES INVESTMENTS VISHAL KISHORE BHATIA,SELL,280000,37.18,-

BSE Burnpur Deals

 /1/2008 532931 BURNPUR EUREKA STOCK AND SHARE BROKING SERVICES LTD B 307400 40.02
3/1/2008 532931 BURNPUR R.M.SHARES TRADING PVT LTD B 1553657 38.24
3/1/2008 532931 BURNPUR N D NISSAR B 685681 40.93
3/1/2008 532931 BURNPUR DINDAYAL BIYANI STOCK BROKERS LTD. B 1556642 30.96
3/1/2008 532931 BURNPUR KAUSHIK SHAH SHARES PL B 1126675 38.13
3/1/2008 532931 BURNPUR HAREN M SHAH B 283667 43.55
3/1/2008 532931 BURNPUR DEEPAK S CHHEDA B 800940 37.50
3/1/2008 532931 BURNPUR AMIT M GALA B 821992 39.11
3/1/2008 532931 BURNPUR HIMANSHU R NISSAR B 311199 40.88
3/1/2008 532931 BURNPUR H.J.SECURITIES PVT.LTD. B 2209577 40.28
3/1/2008 532931 BURNPUR GANDHI SEC.AND INV.PVT.LTD B 583010 39.46
3/1/2008 532931 BURNPUR AMU SHARES AND SEC LTD B 863565 37.20
3/1/2008 532931 BURNPUR KRISHNAKUMAR P AGARWAL B 432098 41.29
3/1/2008 532931 BURNPUR KETAN MAMANIYA B 708650 38.52
3/1/2008 532931 BURNPUR B K SHAH AND CO B 609620 40.15
3/1/2008 532931 BURNPUR EUREKA STOCK AND SHARE BROKING SERVICES LTD S 307400 40.19
3/1/2008 532931 BURNPUR R.M.SHARES TRADING PVT LTD S 1553657 38.95
3/1/2008 532931 BURNPUR N D NISSAR S 685681 40.88
3/1/2008 532931 BURNPUR DINDAYAL BIYANI STOCK BROKERS LTD. S 1556642 34.45
3/1/2008 532931 BURNPUR KAUSHIK SHAH SHARES PL S 1122675 38.22
3/1/2008 532931 BURNPUR HAREN M SHAH S 268667 43.90
3/1/2008 532931 BURNPUR DEEPAK S CHHEDA S 800940 37.60
3/1/2008 532931 BURNPUR AMIT M GALA S 821992 39.30
3/1/2008 532931 BURNPUR HIMANSHU R NISSAR S 311199 40.93
3/1/2008 532931 BURNPUR H.J.SECURITIES PVT.LTD. S 2176577 40.35
3/1/2008 532931 BURNPUR GANDHI SEC.AND INV.PVT.LTD S 573010 40.34
3/1/2008 532931 BURNPUR AMU SHARES AND SEC LTD S 863565 37.21
3/1/2008 532931 BURNPUR KRISHNAKUMAR P AGARWAL S 432098 41.61
3/1/2008 532931 BURNPUR KETAN MAMANIYA S 708650 38.57
3/1/2008 532931 BURNPUR B K SHAH AND CO S 574631 41.77

Market Close: Global weakness weighs

Weakness across the global markets with US downfall kept Indian markets in a ranged bound mode. Indian Indices opened in red but later part of the day tried to recovery to trade in green by profit booking pulled it back into negative teritorry. Oil companies trade strong especially ONGC and Cairn India as Crude touched $100 per barrel and while oil marketing companies got a boost from Oil ministry hinted of raising petrol and diesel prices in February. Power stocks played on investors mind to be the gainers. IT, banking, cement were among the major losers. Mid caps and small caps continued to outpace the large caps as they traded strong. Asian Indices traded in red as Hang Seng slipped by over 450 points for the day while Europe trading in red. We have entered into the result season which could drive the market.

There were two new entrants in bourses BGR Energy which came out with an issue price at Rs 480 but got listed in premium of 75% to Rs 840 but finally ended up by 87% up. And Burnpur Cement came out with small issue but investors rejoiced it as the stock listed at Rs 19 against its issue price of Rs 12 and ended up by 286.25% at the closing.

Sensex closed down by 120 points at 20345.19.Weighing on the Sensex were losses in Grasim (3603.6001,-4 percent), Dr Reddys (718.3,-4 percent), Wipro (495.55,-3 percent), ICICI Bk (1228,-3 percent) and ITC (214.5,-3 percent). Losses were restricted by gains in NTPC (276.7,+8 percent), Rel Energy (2517.3999,+6 percent), HLL (222.95,+4 percent), ONGC (1305.9,+3 percent) and Hero Honda (712.45,+2 percent).

Karuturi the largest rose player in the world. It has 2 segments of business, Horticulture and ISP. More than 90% of the revenue comes from the flower business. Karuturi has a total capacity of 650 mn stems. It has 10 hectares in India with 10 mn stems capability inhouse and another 25 mn stems which are managed through contract farming. 100 hectares are operational in Ethiopia with a capacity of over 100 mn stems. Karuturi Networks has been allotted additional 450 hectares of land by the Government of Ethiopia for its expansion and diversification projects. The Kenyan acquisition of Sher brought in about 525 mn stems. Globally 40,000 hectares of land is under rose cultivation. However, the field sizes globally are fragmented and are not over 200 acres. Karuturi is one of the big players here now. Feb is the peak season and we are positive on this business. Do read our research note to know more about the story..

Avaya Global Connect a leader in converged solutions. Avaya Global Connect Ltd' (AGCL). is a subsidiary of Avaya Inc. (revenues $8.2 billion) which holds 59.13% stake in AGCL. Avaya Global?s Australian subsidiary has started generating revenue. This will further add to bottom line. Most of the equipments are imported from parent company. This not only provides company technology advancement but also benefits of appreciating rupee. The core competency of the business is the technology of the parent and marketing strength to convince clients to move up the value chain of its offerings. The sustainable competitive advantage remains its relationships with the companies that it services. With convergence set to rule the market in the coming years, Innovation and Technology will be the key success for any Industry. With expertise in IP Telephony, Unified Communication and lots more, Avaya Global is well placed to take the advantage. The risk appears to be from slower growth in the call centres who are facing tougher times because of the appreciating rupee. However, the growth may slow but more than that the companies would rely on technology even more to have higher productivity and that would be beneficial for Avaya. We remain positive on this with a long term perspective. Do read our research note.

Technically Speaking: Sensex opened with a gap down of over 70 points. It made intraday high of 20,520 and days low of 20,294. Turnover was good at Rs 10,785crs. The breath was in favor of Advances, where Advances stood at 1565 and Declines at 1336. Sensex is very ranged for past 6 trading sessions. Immediate resistance at 20610, which if crossed will take us to 21400. On the downside there is support at 20000 and 19500.

Nifty January 2008 futures at discount

 Turnover slips

Nifty January 2008 futures were at 6175.30, at discount of 3.25 points as compared to spot closing of 6178.55.

The NSE's futures & options (F&O) segment turnover was Rs 70,651.63 crore, which was lower than Rs 74,186.47 crore on Wednesday, 2 January 2008.

NTPC January 2008 futures were at discount, at 274.70, compared to the spot closing of 276.10.

Reliance Petroleum January 2008 futures were at premium, at 234.60, compared to the spot closing of 232.65.

Power Grid Corporation of India January 2008 futures were at premium, at 153.60, compared to the spot closing of 151.80.

In the cash market, the S&P CNX Nifty gained 0.85 points or 0.01% at 6178.55.

BGR Energy Systems - rewards investors well

 Settles at Rs 901.30 on BSE

BGR Energy Systems settled at Rs 901.30 on BSE, a premium of 87.77% over the IPO price of Rs 480.

The stock debuted at Rs 801, a premium of 66.87% over the IPO price. It touched a high of Rs 940 and a low of Rs 801. On BSE, 43.74 lakh shares were traded on the counter.

The company had priced the IPO at the top end of the Rs 425-480 IPO price band.

At the current price of Rs 901.30, the PE multiple works out to 243.59 based on the 18 months ended March 2007 annualised EPS of Rs 3.70.

BGR Energy Systems IPO had ended on 12 December 2007 with 119.54 times subscription. The qualified institutional buyers (QIBs) category was subscribed 161.67 times, the non institutional investors category was subscribed 153.08 times and the retail investors category was subscribed 46.89 times.

BGR Energy Systems is a supplier of systems and equipment for the power, oil and gas, petrochemical and process industries.

BGR Energy Systems plans to utilise the IPO proceeds to augment long term working capital requirements, expand production capacity by establishing additional manufacturing facilities in India, China and the Middle East.

The company reported a profit after tax of Rs 39.96 crore on sales of Rs 786.80 crore in the 18 months period ended March 2007.

Burnpur Cement - the stunner

Settles at Rs 46.35 on BSE

Burnpur Cement settled at Rs 46.35 on BSE, a premium of 286.25% over the IPO price of Rs 12.

The stock debuted at Rs 18.45, a premium of 53.75% over the IPO price. It touched a high of Rs 49 and a low of Rs 17.80.

On BSE, 11.72 crore shares were traded on the counter.

At the current price of Rs 46.35, the PE multiple works out to 154.5, based on the year ended March 2007 EPS of Rs 0.30.

The fixed price initial public offer (IPO) of Burnpur Cement (BCL), which closed on 3 December 2007, was subscribed 15.19 times.

Burnpur Cements manufactures portland slag cement at Asansol, West Bengal.

The company aims to set up 800 tonne per day capacity clinkerisation and cement grinding unit, expandable to 1,600 tonne per day, at Patratu in Jharkhand. The IPO proceeds will be used for the proposed capacity expansion. Commercial production from the new unit is expected to begin by the end of 2008.

Burnpur Cements reported a profit after tax of Rs 1.14 crore on net sales of Rs 23.66 crore in the year ended March 2007.

Post Market Commentary - Jan 3 2008

The market closed he session a negative territory after struggling a lot through out the trading session. The cues from the global markets are not in favor that led the domestic market to open a weak note but it shortly managed to make a turnaround from the lower levels by pairing all its initial losses. But the market was unable to sustain at higher level as the cautiousness prevailed in the market that led the investors to take calculated steps in booking their positions. However the Mid caps and Small Caps indices hit their lifetime high. The Oil and Gas and PSU remained the centre of attraction while Bankex, Realty and CG remained out of favor. The BSE Sensex closed lower by 120.10 points at 20,345.20 and NSE Nifty closed flat at 6,178.55. Both Small Caps and Mid Caps indices closed lower by 2.07 points and 12.26 points at 10,056.87 and 13,896.71 respectively.

BSE Bankex index fell 200.01 points to close at 11,670.48. Scrips that slipped are Kotak Bank (3.44%), ICICI Bank (3.03%), Centurion Bank of Punjab (2.83%), Yes Bank (1.62%), Allahabad Bank (1.25%)

BSE Realty index dropped 173.85 points to close at 13,245.82. Scrips that fell are Mahindra Life (3.47%), Unitech (3.01%), Purvankara (3%), Ansal Infrastructure (2.34%) .

BSE Oil & Gas index grew by 211.14 points to close at 13,602.26 as HPCL (6.75%), BPCL (4.95%), Cairn India (4.75%), RNRL (3.93%) and ONGC (2.88%) closed lower.

BSE Metal index decreased by 162.68 points to close at 19,998.17. Scrips that declined are SAIL (3.49%), Sterlite industries (2.29%), Hind Zinc (2.87%), Ispat (2.29%) and Hindalco (2.12%).

BSE Power index closed higher by 147.81 points at 4,806.12. Scrips that gained are Torrent Power (20%), NTPC (7.56%), Tata Power (4.38%), Reliance Energy (6.42%) and GVK Power (2.96%).

BSE IT index fell 87.39 points to close at 4,363.63. Scrips that pulled down are Educomp (4.27%), Wipro (3.03%), TCS (2.95%), Satyam (2.31%), Infosys (2.08%), I-Flex (2%) and HCL Tech (1.10%).

Sensex dips on US recession fears

Renewed fears that the US economy might enter into recession after the announcement of weak US manufacturing data followed by record oil prices triggered major sell-off in major Asian markets. Oil reached a record $100 a barrel on Wednesday and gold soared to its all-time high of $861 an ounce. Mirroring the same the Sensex had a gap-down opening at 20,404. However, the Sensex shrugged off the global weakness and bounced back from its early lows with oil & gas and power stocks in lead. The Sensex touched the day's high of 20,520 by mid-morning trades. But, the market gave up its gains due to profit booking in heavyweights, consumer durables, information technology and pharma stocks. As trading progressed the Sensex lost its strength and slipped into the negative territory to touch the day's low of 20,294. The Sensex pared some losses towards the close, but sustained selling in index pivotal stocks kept the index in the negative territory. The Sensex finally closed the session by shedding 120 points at 20,345, while the Nifty ended on a flat note at 6,179.

Market breadth was slightly positive. Of the 2,954 stocks traded on the Bombay Stock Exchange (BSE), 1,612 stocks advanced, 1,322 stocks declined and 20 stocks ended unchanged. All sectoral indices ended weak. BSE IT index dropped 1.96% at 4,364 followed by BSE CD index (down 1.94% at 6,765), BSE Bankex index (down 1.68% at 11,670) and BSE HC index (down 1.57% at 4,397). However, BSE Power index was the star performer and surged 3.17% at 4,806 followed by BSE PSU index (up 2.20% at 11,011) and the BSE Oil & Gas index (up 1.58% at 13,602).

A steep fall in select heavyweights dragged the markets down. Grasim dropped 4.03% at Rs3,604, ICICI Bank tumbled 3.03% at Rs1,228, Wipro slumped 3.03% at Rs496, ITC shed 3.01% at Rs215, TCS declined 2.95% at Rs1,018, M&M fell 2.83% at Rs836,Satyam Computer lost 2.31% at Rs426 and Hindalco slipped by 2.12% at Rs213. However, select front-line counters attracted buying support. NTPC jumped 7.56% at Rs277, Reliance Energy surged 6.42% at Rs2,517, HLL moved up by 3.51% at Rs223, ONGC advanced 2.88% at Rs1,306 and Reliance Industries added 1.44% at Rs2,903.

Over 11.72 crore Burnpur Cement shares changed hands on the BSE followed by GV Films (3.16 crore shares), RNRL (2.58 crore shares), Reliance Petroleum (1.34 crore shares) and Ispat Industries (1.09 crore shares).

Valuewise, RNRL registered a turnover of Rs521 crore followed by Burnpur Cement (Rs462 crore), Reliance Energy (Rs395 crore), BGR Energy (Rs395 crore) and Reliance Petroleum (Rs313 crore).

Market drifts lower

The market edged lower today, dragged by decline in IT, cement stocks and in select index heavyweights. The CNX S&P Nifty struck all-time high today. The BSE Mid-Cap and Small-Cap index struck record highs. Total turnover on BSE crossed Rs 10,500 crore mark. Among the Sensex pack, 24 declined while the rest gained. Asian and European markets were trading lower today, 3 January 2008.

The 30-share BSE Sensex was down 128.28 points or 0.63% to 20,337.02, as per provisional closing. The market had opened on a weak note dampened by weak global markets but it had shortly staged a rebound from lower level. It lost ground once again in afternoon trade.

Sensex hit a low of 20,293.87 in mid-afternoon trade. At the day's low, the Sensex lost 171.43 points. Sensex had hit a high of 20,519.70 in mid-morning trade. At day's high, Sensex rose 54.40 points. Sensex had hit a record high of 20,529.48 in late trade yesterday, 2 January 2008.

The fall in Nifty was much lower than the fall in the 30-share BSE Sensex today. It was was down 1 point or 0.02% to 6,178.40, as per provisional closing. Nifty struck all-time high of 6230.15 today, 3 January 2008.

BSE clocked a turnover of Rs 10785 crore as compared to Rs 8509 crore by 14:30 IST.

The market breadth was strong on BSE with 1677 shares advancing as compared to 1199 that declined. 25 remained unchanged

The BSE Mid-Cap index was down 0.05% to 10,054.09 while the BSE Small-Cap index slipped 0.17% to 13,885.93. Both these indices outperformed Sensex. BSE Mid-Cap index struck all-time high of 10,151.78 and the BSE Small-Cap index hit all-time high of 14,092.31 today.

Cement stocks declined on selling pressure after the Tamil Nadu state government on Wednesday warned cement companies that it would take over all cement factories in the state in the public interest if cement makers did not lower prices. Diversified company Grasim was the top loser from Sensex pack The stock lost 3.97% to Rs 3606.

ACC lost 1.80% to Rs 1004 after it posted 5.98% decline in cement dispatches to 1.57 million tonnes in December 2007 over December 2006. Ambuja Cements was down 1.65^% to Rs 146

Shares from oil drilling and exploration sector surged on the back of rally in crude price. India's biggest oil exploration company in terms of market capitalisation Oil & Natural Gas Corporation jumped 3.93% to Rs 1319.45 on 4.39 lakh shares.

IT pivotals extended their recent fall. TCS (down 2.91% to Rs 1018.35), Wipro (down 2.90% to Rs 496.25), Satyam Computers (down 2.52% to Rs 425.50), and Infosys Technologies (down 1.95% to Rs 1715.20), also edged lower

India's largest private sector bank in terms of net profit ICICI Bank lost 2.87% to Rs 1230.

India's largest power generation company in terms of net profit, National Thermal Power Corporation surged 6.78% to Rs 274.70 on 65.24 lakh shares. It was the top gainer from Sensex pack.

India's largest private sector power utility company in terms of net profit, Reliance Energy (REL) surged 6.13% to Rs 2513.40. The stock hit all-time high of Rs 2585 in late trade. As per reports, Reliance Power in which REL holds 50% stake, plans to raise as much as $3 billion in the nation's biggest initial public offering. Reliance Power, the power generating unit of REL will sell 26 crore shares at a price band of Rs 405 to Rs 450 per share.

India's largest private sector firm by market capitalization & oil refiner Reliance Industries advanced 1.23% to Rs 2898. The stock recovered from early low of Rs 2831.10. A total of 6.07 lakh shares were traded on the counter on BSE

Among European markets, Germany's DAX (down 0.39% to 7,918.36), UK's FTSE 100 (down 0.05% to 6,413.80) and France's CAC 40 (down 0.46% to 5,524.57), edged lower

Asian markets were trading weak today, 3 January 2008. Hong Kong's Hang Seng (down 2.44% at 26,887.28), Taiwan's Taiwan Weighted (down 1.67% at 8,184.20), Singapore's Straits Times (down 1.85% at 3,397.06), South Korea's Kospi (down 0.04% at 1,852.50) edged lower.

US markets tumbled on Wednesday, 2 January 2008, after crude oil hit $100 per barrel. The December Institute of Supply Management (ISM) Index, a national purchasing manager survey, also disappointed as it dropped to 47.7, compared to November's reading of 50.8. The number also came in short of the consensus estimate of 50.5, and is the lowest level seen since April 2003.

The Dow Jones industrial average plunged 220.86 points, or 1.67%, to 13,043.96. The Standard & Poor's 500 index fell 21.20 points, or 1.44%, to 1,447.16, and the Nasdaq Composite index declined 42.65 points, or 1.61%, to 2,609.63.

As per provisional data, foreign institutional investors (FIIs) sold shares worth a net Rs 628.68 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 427.11 crore today, 2 January 2008.

FIIs were net sellers of Rs 223 crore in the futures & options (F&O) market on Wednesday, 2 January 2008. They were net sellers of Rs 1,037 crore in stock futures. They were net buyers of Rs 781 crore in index options and Rs 33 crore in index futures.

Crude oil for February delivery jumped $3.64, or 3.8%, to a record close of $99.62 per barrel after touching $100 per barrel earlier in the session yesterday, 2 January 2008, which is the highest since trading began in 1983

Ahluwalia Contracts India

We recommend a buy in Ahluwalia Contracts India at current market price. From the weekly chart, we note that it has been on a steady long-term uptrend from June 2007 low of Rs 78. The daily chart shows that after touching an all-time high of Rs 400 on December 20, the stock declined and has been moving sideways around Rs 350. The stock is currently trading near the 21-day moving average line, which is repeatedly supporting the stock. The weekly momentum indicator is featur ing in the bullish region and the daily momentum indicator is likely to re-enter this region from the neutral region. The stock's long-term trend is intact. All these are positive signals. The immediate support for the stock is at Rs 310 and the next support is at Rs 250 levels. We expect the stock to move up to the resistance level of Rs 400 in the short-term. The short-term investors can buy the stock with stop loss at Rs 308.


Via BL

Reliance Power - Part Payment Option

Reliance Energy is going all out to woo retail investors for the upcoming initial public offer (IPO) of its subsidiary, Reliance Power. After deciding to offer shares to retail investors at a 5% discount to the price band of Rs 405-450, the Anil Ambani Group entity intends to provide this investor segment with a "staggered payment" option in this IPO.

Accordingly, retail investors need to pay only 25% of the total investment amount at the time of submitting the application and the rest at the time of allotment on first call.

By availing this option, the investor does not have to lock in the entire amount for which he has applied in the IPO. This means, if a retail investor intends to apply for 100 shares at Rs 450 per share (Rs 427.50 after discount), he would need to pay only Rs 10,687.5 (25% of Rs 42,750 while applying and the rest during allotment, as against the lumpsum of Rs 42,750.

This option brings a level playing field for retail investors vis-à-vis qualified institutional buyers(QIBs), who are allowed to bid in an IPO with just 10% margin while submitting the bids in a public issue. Prominent public issues, which enabled the staggered payment options in recent times include ICICI Bank and Reliance Petroleum.

Reliance Retail steps into Bata shoes.

Reliance Retail to ensure the widest possible reach for its footwear business, has entered into a strategic alliance with Bata India to jump-start its footwear vertical. With this alliance, Reliance will get access to India's oldest and biggest footwear retailer's 1,200 stores which are spread in every nook and corner of the country. Reliance Retail has entered into a distribution tie-up with Bata India to retail its private labels through Bata outlets.

It is a win-win situation for Bata India too as it gets an exclusive corner in all Reliance Footprint stores, the footwear format of Reliance Retail which are currently being rolled out across the country. Through the Bata stores, Reliance Retail will sell its eight private footwear labels. The company has recently launched labels such as Mancini for mens, Viviana for women, Pittar Patter for infants, Monza for sportswear and Tosca for ladies party footwear.

Reliance Retail had launched the Reliance Footprint format last month, with the first store opening in Bangalore. The company is targeting a turnover of Rs 3,000 crore in the next three years through 100 stores. Reliance Footprint is targeting a market share of 10% of the Rs 15,000-crore footwear market in India.

Bata India, a part of the global footwear giant Bata Shoe Organisation (BSO), was established in India in 1931 when they started manufacturing shoes in Batanagar, Kolkata. Since then Bata has become a family name with its namesake brand Bata, Hush Puppies, Dr Scholls, North Star and Power. Bata India recorded a turnover of Rs 795 crore in 2006 calendar year. They have around 35% market share in the footwear market in India. The company currently sells over 45 million pairs of shoes every year. Globally, Toronto-based Bata operates 5,000 retail stores with presence in over 50 countries and runs 40 production facilities across 26 countries.

Ranbaxy Labs, HDFC, NDTV

Ranbaxy Laboratories
Cluster: Apple Green
Recommendation: Buy
Price target: Rs500
Current market price: Rs423

Strong triggers for an upgrade

Key points

• The management of Ranbaxy Laboratories (Ranbaxy) has been emphatic in stating that going forward, they will avail of atleast one exclusive product opportunity in the USA every year. While the opportunities for CY2009 and CY2010 have already been lined up, the management plans to announce the CY2008 opportunity in January 2008. The announcement of a product launch under exclusivity in CY2008 could lead to a significant earnings upgrade to Ranbaxy's current CY2008E earnings.
• While Ranbaxy has already announced its intention to de-merge and subsequently list its Novel Drug Discovery Research (NDDR) operations into a separate entity effective from January 1, 2008, the specific framework and other details of the de-merger are yet awaited. While the de-merger will unlock value of the discovery R&D assets, it will also enable the parent company to save about $20-25 million in expenses, which are incurred on NDDR projects annually from CY2008 onwards. This will boost the overall profitability of the core business.
• In a recent media interview, Malvinder Singh, Managing Director and CEO of Ranbaxy has indicated that 2008 will be a stronger year for Ranbaxy as compared with 2007, as the company will strive to focus on more profitable growth through expansion of margins. This would basically come with a more optimum geographic and product mix including niche product opportunities. In light of this, we look forward to a strong vision and guidance given by the management for CY2008 post the announcement of the CY2007 results in January 2008.
• With the acquisition of a significant stake in Zenotech Laboratories (Zenotech), Ranbaxy plans to market Zenotech's oncology and biopharmaceutical pipeline across emerging markets immediately and developed markets over the next two-three years using its strong global reach and regulatory expertise. We may see some revenues from these avenues to flow in from the second/third quarter of 2008.
• At the current market price of Rs423, Ranbaxy is available at 23.9x its CY2008E earnings. However, the announcement of the exclusive opportunity for 2008, the strong guidance provided by the management post CY2007 results and the disclosure of the NDDR de-merger details could lead to significant earnings upgrades and hence generate strong buying interest from investors in the near-term. For now, we reiterate our Buy recommendation on the stock with a price target of Rs500.

Housing Development Finance Corporation
Cluster: Evergreen
Recommendation: Buy
Price target: Rs3,362
Current market price: Rs2,919

Value unlocking to continue

Key points

• Housing Development Finance Corporation (HDFC) has agreed to sell 8.1 crore equity shares representing 7.2% of the paid-up equity capital of HDFC Standard Life Insurance Company (HDFC SLIC) to Standard Life of the UK. Consequent to the sale, Standard Life would hold 26% stake in HDFC SLIC, while HDFC will hold around 72.4% stake and the employees of HDFC and other group companies would hold the remaining 1.6% stake.
• The main highlight of the deal has been that both the parties, HDFC and Standard Life, have officially agreed that any further stake sale in HDFC SLIC between the two entities would be at a fair market value. This is a big positive for HDFC as current pricing methodology restricted HDFC from realising current market valuation for its stake sales in its insurance venture so far.
• HDFC SLIC has also unveiled plans of coming out with an initial public offer (IPO) before 2009 end, which we feel would further help HDFC in unlocking value in its subsidiaries.

---

VIEWPOINT

New Delhi Television

Promoters make open offer
With a slew of new channel launches in the second quarter of FY2008, NDTV stepped in the execution phase of its mega plans in the broadcasting space. It has recently launched four channels, the lifestyle channel NDTV Good Times, NDTV Arabia that caters to the news and infotainment market in the Middle East and north Africa, NDTV MetroNation, an English channel catering to Delhi and the national capital region (NCR) and Astro Awani Malaysia, a Bahasa language channel launched through its joint venture with Astro. These ventures are a testimony to NDTV's intention to be a major player not only in the Indian broadcasting arena but also other countries of Asian region.

NSE Bulk Deal Watch

 01-JAN-2008,RAJESHEXPO,Rajesh Exports Ltd.,CITIGROUP GLOBAL MARKETS MAURITIUS PVT. LTD.,BUY,220825,894.16,-
01-JAN-2008,ASSAMCO,Assam Company Limited,RELIANCE CAPITAL PARTNERS,SELL,1942703,56.88,-
01-JAN-2008,GLFL,Gujarat Lease Fin Ltd,GUJARAT INDUSTRIAL INVESTMENT CORPORATION LTD,SELL,152500,20.30,-
01-JAN-2008,HINDOILEXP,Hind. Oil Exploration ,HARDY OIL AND GAS LIMITED,SELL,770000,162.98,-
01-JAN-2008,PTC,PTC India Limited,PRUDENTIAL ICICI MUTUAL FUND,SELL,960000,159.85,-
01-JAN-2008,VIVIMEDLAB,Vivimed Labs Limited,MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB,SELL,300000,150.00,-

Market Close: Cautious start but its mid caps time !

The year 2008 started on flat note, the markets across Asia and Europe were closed on account of New Year. Indian indices started the New Year day with modest gains but the indices could not sustain the gains and immediately fell into negative region with marinal pull back. The first day of year was not so attractive for the investors with no triggers from global markets. Throughout the day indices traded in choppy manner, some level of profit taking was seen at mid trades. Major support to the indices came in from realty stocks as the segment index gained by 310 points. Late session was too volatile with no clear direction; indices hovered on both the regions but value buying at lows helped the indices to recover and ended on a flat note. Interest was much seen in mid and small caps. Both the indices hit all time and out performed the front line indices. Selling was seen in Technology and Capital Goods. FMCG, Power, Realty and PSU?s stocks cheer the day.

India?s largest private sector power company, Reliance Energy was the top gainer, made all time and closed up by 6.83%. The buying interest was largely due to forth coming IPO of Reliance Power where REL hold 50% stake in this company. India?s largest cigarette manufacturer ITC surged up by 3.63% and the stock hit all time, due to ITC's subsidiary Fortune Park Hotels plans to invest around Rs 130 cr in 3-4 hotels in Bangalore, Coimbatore and Kolkata.

Sensex closed up by 94 points at 20300.711. It was helped up by gains in NTPC (256.8,+6 percent), ITC (217.6,+6 percent), Rel Energy (2279,+6 percent), Tata Motors (763.05,+4 percent) and Grasim (3762.3999,+4 percent). Restricting the gains are Wipro (515.6,-3 percent), Infosys (1749.7,-3 percent), TCS (1053.65,-2 percent), RIL (2847.1001,-2 percent) and Cipla (211.65,-2 percent).

Adhunik Metals was locked on upper circuit after the news that it is looking to set up 1.1 mn tones of integrated steel plant in West Bengal and invest Rs 7,200 cr in next 4 years. They are also looking to diversify into cement and planning to set up 1 mn tones capacity. It has signed the MoU with West Bengal Government; it will be coming in the group company which does not matter for the listed company. The main trigger is that expansion plans are on curve of getting completed in next quarter itself and from next quarter Adhunik will have 4.5 lak tone capacity available. As far as power is concerned 17 MW is running and another 17 MW is coming by next quarter itself so combining will fiche about 34 mega watt of captive power plant in the steel business. Adhunik supplies specialized steel & value added steel components to industries such as Automobiles, Power, and Defense and Engineering companies. The valuation looks attractive considering its transformation to a fully integrated steel player. We believe primarily growth will be driven by higher realization as a result of rolled products ( rolled from outside rolling companies, as its own rolling mill is likely to come in FY08.

UCO Bank's shares surged on news of merger. The Kolkata based public sector bank is looking at merging itself with another bank in the next three months to boost its business. UCO Bank plans to merge with a smaller or a similar sized bank by March to attain size. It won?t acquire any banks, but will merge with some other banks in three months. UCO Bank officials could not be immediately reached for comment. The merger will boost the banks total business size to 2 trillion rupees from 1.23 trillion rupees as per the source news. The merger certainly helps to grow inorganically which helps to bring fast growth to the business. This also helps to face completion from private and MNC banks which are growing faster than PSU banks. On hopes of merger the stock closed up by 20%.

Technically Speaking: It was choppy session for complete day before closing, Sensex traded on both the sides with no clear direction and ended with small gains. Sensex touched intraday high of 20,395 and low of 20,220. Overall breadth was in favor of Advances, where the Advances stood at 2415, while Declines at 447. The turnover was pretty good at Rs 6021 cr.

BSE Bulk Deals to Watch

 1/1/2008 523277 G V FILMS LT BNP PARIBAS ARBITAGE GDR S 4500000 12.63
1/1/2008 526717 GOPALA POLYP IDBI LTD S 100000 13.94 1/1/2008 532160 GUJ ST FN CO GSFC STAFF CO OP CREDIT SOC S 175000 30.60
1/1/2008 523218 KILBURN OFFI IDBI LTD S 50000 15.34
1/1/2008 532660 VIVIMED LABS MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. S.V. S 300000 150.00
1/1/2008 508933 WELSPUN SYNE IDBI LTD S 500000 14.63
31/12/2007 500141 FERRO ALLO C CORNELL CORPORATION S 1800000 42.67 31/12/2007 500142 FGP LIMITED JMP SECURITIES PVT. LTD. S 60000 16.01

Insider Trading - SEBI proposes consultative paper

In order to curtail incidents of insider trading, capital market regulator SEBI on Tuesday floated a consultative paper, whereby insiders would not be able to buy and sell the company's securities within a period of six months. Insiders would have to surrender any profit made by buying and selling company securities in six months, according to SEBI's proposed regulations on Short Swing Profit.

The proposed regulation is based on a similar rule in the US, which requires 10% owners, directors and officers of a company to give up any profit realised from any purchase and sale, or any sale and purchase, of any equity security of the company within a six-month period.

According to SEBI, the regulation would help prevent company insiders, who have greater access to price sensitive company information, from taking advantage of information for the purpose of making short-term profits, called as short swing profit. Additionally, it would align the long term objectives of company insiders with the company shareholders.

SEBI has proposed the "Last In First Out" (LIFO) method for determining the six month period between buy and sell trades by company insiders.

The short swing rule would automatically get invoked once two things are established. First is the fact of being an insider or a designated insider. And second, the fact that the same securities were bought and sold within six months of each other.

The intent of the person would be immaterial. Merely the fact of the trade will be sufficient to take action. Where there is a delay, interest may be payable by such insider to the company.

SEBI has proposed certain exemptions, such as transactions approved by a regulatory authority, employee benefit plans, bona fide gifts and inheritances, mergers and acquisitions etc. Certain securities may also be considered as exempt altogether.

The regulator invited comments from the public on the consultative paper particularly with regard to coverage of persons in the definition of designated insider, method of calculating the dates of purchase and sale and classes of exemptions.

Post Market Commentary

The market closed with marginal gains on the first day of the year 2008. Soon after the firm starts to the market it pared its entire initial gains. The market got the momentum towards the end of the session but the volatility ruled the market throughout the trading session. Most the Asian Markets are remain closed toady for the celebration of the New Year. The Realty and Power indices attract the investor''s confidence as most buying is seen from these baskets. As usual the inevestor''s showed more interest in buying the Small Caps and Mid Caps scrips as they closed higher by 145.54 points and 354.70 points at 9,935.03 and 13,703.07 respectively. The BSE Sensex closed marginally higher by 13.72 points at 20,300.71 and NSE Nifty grew by 5.75 points to close at 6,144.35.

BSE Power index surged 98.81 points to close at 4,647.66. Scrips that grew are Reliance energy (6.76%), Tata Power (5.33%), NTPC (2.70%), Torrent Power (2.02%), Power Grid (1.91%) and GVK Power (1.30%).

BSE FMCG index closed up by 55.15 points at 2,375.07. Scrips that jumped are Rei Agro (5%), ITC (3.47%), Marico (3.20%), Tata Tea (2.36%), Dabur (2.10%) .

BSE Metal index grew by 41.27 points to close at 20,061.49. Scrips that gained are Gujarat NRE (13.77%), SH. Precoated (3.99%), Nalco (3.24%), Maharash Sea (1.56%) and Sesa Goa (1.43%).BSE Realty index closed higher by 310.47 points at 13,037.89. Scris that grew are HDIL (6.59%), IndiaBull Real (5.78%), Parsavnath (5.53%), Unitech (4.12%).

BSE Oil & Gas index fell by 20.72 points to close at 13,280.88 as Cairn India (3.80%), Indian Oil (2.18%), Reliance (1.18%), HPCL (0.76%) and BPCL (0.72%) closed in red.

BSE Bankex index grew by 92.31 points to close at 11,510.31. Scrips that gained are IOB (8.93%), CentBOP (8.28%), Allahabad Bank (8.56%), Andhra Bank (5.67%), Union Bank (4.89%) and BOB (3.31%).

BSE IT index fell 58.11 points to close at 4,471.48. Scrips that fell are Mphasis (3.25%), NIIT Ltd. (2.58%), TCS (2.74%), Wipro (1.90%) and Satyam (1.24%).

Sensex gains in lacklustre New Year trades

It has been a quiet start for the markets in the New Year. As most of the Asian markets were closed on account of New Year, the Sensex resumed 38 points above its previous close of 20,325. But, slipped immediately to touch the day's low of 20,220 on the back of selling in information technology, oil and consumer durables stocks. However, selective buying in index pivotal, fast moving consumer goods (FMCG) and power stocks helped the Sensex enter the green once again and touch the day's high of 20,395. Lack of buying interest kept the market in a range thereafter. After hovering around its previous close in the afternoon, the Sensex finally closed the session with a gain of 14 points at 20,301. Broad based Nifty closed at 6,148, up nine points.

Broader markets outperformed the frontliners giving markets positive breadth. Of the 2,934 stocks traded on the Bombay Stock Exchange (BSE), 2,282 stocks advanced, 626 stocks declined and 26 stocks ended unchanged. Among the sectoral indices the BSE Realty index moved up by 2.44% at 13,038 followed by the BSE FMCG index (up 2.38% at 2,375) and the BSE Power index (up 2.17% at 4,648). However, the BSE CD index, the BSE CG index, the BSE HC index, the BSE IT index, the BSE Oil & Gas index and the BSE Teck index fell around 1% each.

Reliance Energy witnessed strong buying interest and soared 6.76% at Rs2,279, ITC rose 3.47% at Rs218, Grasim Industries was up 3.03% at Rs3,762, Tata Motors shot up by 2.82% at Rs763, NTPC jumped 2.70% at Rs257, HLL added 1.96% at Rs218 and HDFC gained 1.61% at Rs2,919. However, TCS slipped 2.74% at Rs1,054, Bharti Airtel lost 2.71% at Rs968, Wipro dipped 1.90% at Rs516 and Satyam Computer was down 1.24% at Rs444.

Over 2.41 crore GV Films shares changed hands on the BSE followed by IFCI (2.38 crore shares), GTL Infrastructure (1.50 crore shares), Centurion Bank of Punjab (1.50 crore shares) and Hindustan Motors (1.15 crore shares).

Valuewise, Reliance Energy registered a turnover of Rs311 crore on the BSE followed by Essar Oil (Rs247 crore), IFCI (Rs232 crore), Reliance Petroleum (Rs208 crore) and GTL Infrastructure (Rs152 crore).