Weak global cues pushed Indian market into red. Major selling pressure was seen over OIL-GAS, METALS and IT STOCKS. SENSEX closed at 17380, down 310 points and Nifty at 5215, down 92 points from the previous close. CNX MIDCAP index was down 1.24% and BSE SMALLCAP index was down 2.05%. The market breadth was negative with advances at 201 against declines of 1085 on the NSE. Top gainers included SUNPHARMA, SBIN, ACC, HUL, NTPC, IDFC, ABB and RNRL. Top losers are listed as JAIPRA, RIL, TATASTEEL, DLF, TATAMOTORS, SAIL, UNITECH and GMRINFRA

Next Day Trading Session:

In the next session 5280 may act as a strong resistance level in NIFTY. 5125 and 5160 may act as good support levels. Traders are suggested to sell at gains as long as NIFTY trades below 5280. If NIFTY crossed 5280 with volumes it may again test 5333-5342 levels. CAPITAL GOODS stocks may attract buying in the next session.

Bank of Baroda at its meeting held on April 28, 2010, inter alia, has recommended a dividend @ Rupees 15/- (fifteen) per equity share (Equity Share of Rs. 10/- each fully paid up) for the Financial Year 2009-2010 subject to declaration at the ensuing Annual General Meeting of the Shareholders of the Bank

Voltamp Transformers Ltd has said that a meeting of the Board of Directors of the Company will be held on May 07,2010, t o considert he following:

1. Approval of Audited Financial Results of the Company for the Financial Year ended on March 31, 2010.

2. Approval of Annual Accounts for the Financial Year ended March 31 ,2010.

3. Recommendation of Dividend for the Financial Year 2009-2010

SRF Ltd has said that a meeting of the Board of Directors of the Company will be held on May 07, 2010, inter-alia, for considering and approving the audited financial results for the quarter and year ended March 31, 2010 and recommend of final dividend, if any, on the Equity shares of the Company Punj Lloyd Ltd has been awarded an order by Nagarjuna Oil Corporation Ltd for installation of Inside Battery Limit (ISBL) units and interconnection of Pipe Rack at Cuddalore Refinery Project in Tamil Nadu.

Suzlon Energy Ltd has informed BSE regarding a Press Release dated April 28, 2010 titled "Suzlon enters Joint Venture with Volkswind to develop wind energy market in Bulgaria" HT Media Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 10, 2010, inter alia, to consider and approve and take on record the Audited Financial Results of the Company for the financial year ended on March 31, 2010 and to consider recommendation of dividend, if any, for the financial year 2009-10, subject to the approval of the Shareholders at the Annual General meeting Take Solutions Ltd has informed BSE regarding a Press Release dated April 28, 2010 titled "TAKE Supply Chain Recognized as Top 100 Logistics IT Provider By Inbound Logistics magazine Cadila Healthcare Ltd has has received an approval from the USFDA to market Tamsulosin capsules. 0.4 mg. Tamsulosin falls in the urology segment and is indicated for the treatment of Benign ProstaticHyperplasia(BPII).

UTV Software Communications Ltd has, in its Motion Pictures Division, concluded syndication deals with a few of the top satellite broadcasters and the top two music companies for a total considerationofRs. 70.75crores:

1. Satellite Television Rights for a limited period for three of the movies namely "I Hate Luv SLorys", "Guzaarish" and "TeesMuarKhan",

2. Audio Rights for four of its movies, namely "Raajneeti", "I Hate Luv Storys", "Guzaarish" and "Tees Maar Khan", These pre sales are in keeping with UTV's clearly articulated strategy of derisking its investment through pre sales up to the extent of 50% of the cost of production of its movies.

UTV plans to release 10-12 movies in this financial year - and the objective is to follow this pre sell / sell strategy for the other 8-10 movies too.