Although, RBI POLICY kept Indian indices positive throughout the day, yet profit booking led market to close almost flat. Banking and reality attracted major buying. SENSEX closed at 17460, 59 points up, and NIFTY at 5230, 26 points up from the previous closing. CNX MIDCAP index was up 1.24% and BSE SMALLCAP index was up 1.58%. The market breadth was positive with advances at 1024 against declines of 245 on the NSE. Top gainers included DLF, RELINFRA, SBIN, SUNPHARMA, TATAMOTORS, GAIL, IDFC, UNITECH and SUZLON. Top losers are listed as TCS, HEROHONDA, WIPRO, BHARTIARTL, INFOSYS, SIEMENS and CIPLA.

In the next session Nifty is expected to face selling pressure and 5255-5265 might act as strong resistance zone. 5159 and 5125 may act as support levels. Hence, nifty is expected to trade in the range 5130-5240. Traders are suggested to follow the strategy of selling at gains as long as NIFTY is trading below 5290. BANKNIFTY FUT may face selling pressure if traded below 9533. OIL-GAS is expected to face selling pressure in the next session.

Investors having a horizon of 6-12 months can buy the following companies. The companies have a potential to give higher returns than index over a long term.

Engineers India Ltd. has achieved its target of Rs 2400, call given at Rs 1610, so we suggest partial profit booking to our clients.

Suzlon Energy Ltd has informed BSE regarding a Press Release dated April 20, 2010 titled "REpower to supply 44 wind turbines to Turkey for the first time; 148 MW project REpower's largest to date in Europe; Entry into Turkey with the REpower 3. XM series turbines".

Roman Tarmat Ltd has informed BSE that the Company have received Letters of Intent for the following works :

-Future Apron Extension at Bengaluru International Airport: Contract price Rs. 100.04Cr.

- Improvement & Maintenance of IT Corridor - Construction of service road and footpath in Rajiv Gandhi Salai (IT Corridor) in Chennai : Contract price Rs. 31.75 Cr.

Hanung Toys & Textiles Ltd has signed an export order tie-up with a leading US buyer, for exporting Value Added Home Furnishing to the extent of USD 90 Million (About 400.00 Crores) to be completed by December 2012. This agreement will bring greater strength and better margins to the Company.

Lupin Ltd has informed BSE regarding a Press Release dated April 20, 2010 titled "Lupin receives FDA approval for Imipramine Pamoate Capsules GTL Ltd registers an Annual Revenue growth of 15%; Net Profit grows by 50% AXIS Bank Ltd has recommended a dividend of Rs. 12.00 per share (120%) for the year ended March 31, 2010 (previous year Rs. 10 per share (100%), subject to approval of the members at the ensuing Annual General Meeting.

ICICI Bank Ltd has said that the Bank has allotted 13,075 equity shares of face value of Rs. 10/- each on April 19, 2010 under the Employees Stock Option Scheme, 2000 (ESOS).

With reference to the earlier announcement regarding FY 10 results on Apr 22, 2010, Ultratech Cement Ltd has now informed BSE that the meeting of the Board of Directors of the Company scheduled to be held on April 22, 2010 for the purposes of considering and approving audited financial results for the year ended March 31, 2010 and recommending dividend, if any, has been re-scheduled. The meeting will now be held on April 29,2010 for the same purpose.

HCL Infosystems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 29,
2010 and April30, 2010, interalia, to:

1. Consider and take on record the unaudited financial results for the quarter and nine months ended March 31, 2010.

2. Consider the payment of3rd interim dividend for the financial year 2009-2010

Further the Company has informed that, the unaudited financial results of the Company for the quarter and nine months ended March 31, 2010 and the recommendation of interim dividend for the said year shall be considered on April 30.