Ashwin Gada, dealer, Networth Stock Broking, said that on Friday, the stock market was flat, it closed down 25 points. It opened strongly but slipped into negative zone accompanying the imperfect Asian markets and also there were some rumours about promissory note that forced the market down. Volumes was very dry, there was not much buying seen at the stock exchange on Friday.

Mr. Gada anticipates the market to trade positive on Monday (Sept. 10). He is bullish on market persuasions and pointed out that, market may touch 16000 level by the closing of next week. He is optimistic on the pharmaceutical segment and commends Divis Laboratories for trading.

For the ninth straight session, the benchmark Sensex maintained its upward rally by gaining more than 115 points in the early trading on the BSE today on funds buying.

The 30-share Sensex added another 115.46 points to 15,580.86 in first five minutes of trading as fund continued buying in heavy-weight stock.

Likewise, the wide-based NSE’s Nifty ascended by 28.25 points at 4507.50.

Mumbai: Market regulator SEBI has de-recognised Hyderabad Stock Exchange (HSE) as the stock exchange failed to dilute 51 per cent stake to non-brokers by August 28 as mandated by law.

In a release, SEBI said, “The recognition granted to HSE stands withdrawn with effect from August 29, 2007.”