Jyotivardhan Jaipuria, Head of Research, DSP Merrill Lynch feels that the global events and earnings season are the key triggers in the near-term. Commenting on RBI’s move on CRR cut he said that it is partly influenced by a spate of global monetary loosening....

It was an extremely volatile outing for the markets. Sajiv Dhawan, JV Capital Services feels that we are in a very unique situation. “Based on valuations and the current economy, I would stick my neck out and say I would buy the index."...

Vedant Hotels Ltd has informed BSE that the members of the Company, by way of postal ballot, have passed the special resolution relating to shifting of the registered office of the Company from Aurangabad to Pune within the State of Maharashtra....

Yogi Sung Won India Ltd has informed BSE that the Company has received approvals of shareholders by way of Postal Ballot in terms of Section 192A of the Companies Act, 1956 for the following:

1. Alteration of Main Objects in the Memorandum of Association of the Company: The new Main Objects include Infrastructure related business in the Memorandum of Association and have been passed by Shareholders.

2. Change of name of the Company: Based on the availability of name made by Registrar of Companies, Ahmedabad to change the name of the Company from Yogi Sungwon (India) Ltd to Yogi Infra Projects Ltd, the resolution was proposed to Shareholders through Postal Ballot which has been passed.

3. Consequential alterations in the Memorandum and Articles of Association of the Company: The Shareholders have approved to make consequential alterations as per the approval received from the Central Government (Registrar of Companies)....

ICICI Securities Limited has informed the Exchange regarding the Daily Report of Buyback of HEG Limited equity shares, the details of which are as follows: (a) Name of the Broker: ICICI Securities Ltd; (b) Date of buyback: October 07, 2008; (c) No. of equity shares bought back on BSE: Nil; (d) No. of equity shares bought back on NSE: Nil; (e) Total no. of equity shares bought back: Nil; (f) Average Price of Acquisition (Rs.): Nil; (g) Cumulative Equity Shares bought as on October 06, 2008: Nil; (h) Quantity Closed Out on October 07, 2008 - Nil; (i) Quantity Closed out as on October 06, 2008 - Nil; (j) Total Quantity Closed Out - Nil; (k) Total Equity Shares bought back as on October 07, 2008: Nil....

Phil Corporation Ltd has informed the Exchange regarding the brief Proceedings of the Annual General Meeting of the Company held on September 29, 2008, which are as follows: 1) The Members approved and adopted the Directors Report and the audited Statements of Accounts of the Company for the period ended March 31, 2008 with the Auditors Report thereon. 2) Shri A. Y. Fazalbhoy and Shri S. V. Muzumdar were re-appointed by the Members as Directors liable to retire by rotation. 3) M/s. V. C. Shah & Co., Chartered Accountants, Mumbai were appointed by the Members as the Auditors for the financial year ending March 31, 2009 and to hold the office until the conclusion of the next Annual General Meeting. In view of the loss incurred for the financial period ended March 31, 2008 the Board of Directors had not recommended any payment of dividend for the financial year 2007-2008 and accordingly no item of agenda for declaration of dividend was included in the Notice convening the said AGM held on September 29, 2008....

Ashok B Jain (Representative of Promoters Group) had submitted to the Exchange intimation under sub Regulation 3 of Regulation 3 of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 on behalf of the members of the Promoters group of the Company regarding proposed off market transaction of 24,00,000 Equity Shares (3.32%) of Jain Irrigation Systems Limited to Jalgaon Investments Pvt. Ltd. through an inter-se Promoters transfer on or after October 11, 2008. Ashok B Jain (Representative of Promoters Group) has now submitted to the Exchange revised intimation under sub Regulation 3 of Regulation 3 of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997. The shareholding of Jalgaon Investments Pvt. Ltd. (Corporate entity of Promoters Group represented by Shri Ashok B Jain) after the proposed acquisition would be 17,151,000 shares aggregating to 23.70% of the shares/voting rights of Jain Irrigation Systems Limited. A copy of the revised intimation shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

hi mmbmesanger kindly try to provide somemore other information on shivani? why only bse-nse annoucemnts on all stoks? regards...

Technical analyst C.J.Mathews Sankarathil,MBA told the media that the fall of market will end by October last.He added that the fall will be limited to 11000 levels.He denied the arguments of falling markets to 10000 levels. He is positive on Indian Market and see an uptrend from November 2008.... Report it Rate Reply ...

This kind of volatility comes generally near the bottoming out process ! is it a start of bottoming the market ?...

If one could find sense to buy at 21000 level why not at 11500 level or lower? I would go for investing now in selective scripts like SBI, BHEL, ABAN, GLENMARK, ITC and the likes on every day the market sees a fall. And wait for the market to reach 21000 level again....

Bear markets can be classified in two terms broadly one is time based correction (sustains more than 18 months) and the other one is value based correction (slips nearly 50% from its peak). We are almost reached the value based correction at this point of time but we are just 9 months old that’s key point we should have to consider. Of course we can get some cues from the history but I will not rely on them for to evaluate as ideal examples because we should evaluate the current conditions (like micro and macros) then only we can come to the right decision. So, our micro and macro picture is not good. Still we are trading at high price multiples when compared to the global emerging markets, We are facing the so many problems right now like 1. Global financial crisis 2. Huge liquidity crunch globally 3. Huge unwinding by FIIs, selling on every opportunity. 4. We are at higher inflation levels 5. We are at higher interest rate regime 6. Recent cuts in GDP growth rates 7. Poor IIP numbers 8. Margins shrinking in Q1FY09 and will slip further in Q2 9. Still our nifty trading at 18 PE 10. We are in an election year 11. Huge current fiscal deficit due to various subsidies 12. DIIs (MFs) are net sellers in the recent month In my view, it is more than a BEAR MARKET it is the CRISIS. So, we can’t compare it with the bear markets of the past we have to compare it with the Previous CRISES. So and so many, all will indicate us that ‘we are not out of wounds’ and ‘worst is behind us’. BE CAUTIOUS. With thanks Be and make ...

about what......, did they have coffee in the meeting with SAMOSA and snacks.., ...

3250 is Very Stong base level...beyond this 2550...That most probably is the end to the Bear ...