Indian market traded in an extremely volatile session, after a good rally indices encountered profit booking, as a result, shed most of the gains. SENSEX closed at 17573, up 101 points and Nifty at 5269, up 24 points from the previous close. CNX MIDCAP index was down 0.06% and BSE SMALLCAP index was up 0.07%. The market breadth was negative with advances at 605 against declines of 633 on the NSE. Top gainers included TATAMOTORS, RELIANCE, HUL, HDFC, SBIN and SAIL. Top losers are listed as SUNPHARMA, BHARTIARTL, ACC, IDEA, AXISBANK and UNITECH.

Next Day Trading Session:

In the next session, 5211 may act as trend deciding level for NIFTY, traders may stay long as long as it is trading above this level.
5300 may act as a resistance level. OIL-GAS sector may attract buying in the next session while REAL-ESTATE may face more selling pressure. Traders should note 5090 strong support level while 5353 is a strong resistance level in NIFTY

Valecha Engineering Ltd has bagged Projects worth Rs. 147.00 Crores

JSW Steel Ltd has said that a meeting of the Board of Directors of the Company will be held on May 03, 2010, inter alia, to consider the following:

1. Audited Financial results of our Company or the quarter and year ended March 31 ,2010.

2. Recommendation of payment of dividend on the 10% Cummulative Redeemable Preference Shares of the Company.

3. Recommendation of dividend on the Equity Shares of the Company

Ratnabali Capital Markets Ltd has said that a meeting of the Board of Directors of the Company will be held on May 01, 2010, to take on record the Audited Financial Results of the Company for the year ended on March 31, 2010 & the Board will also consider the recommendation of dividend, if any, for the financial year 2009-2010 in the aforesaid meeting.

Kale Consultants Ltd has said that the Board of Directors of the Company at its meeting held on April 22, 2010, has recommended a dividend of Rs. 2/- per equity share, subject to the approval of the shareholders at the ensuing Annual General Meeting Jolly Board Ltd has said that a meeting of the Board of Directors of the Company will be held on April 30, 2010, inter alia, to consider declaration of Interim Dividend.

VIP Industries Ltd has said that a meeting of the Board of Directors of the Company will be held on April 29, 2010, interalia, to consider the following matters:

1. Approval of audited financial resultso f the Company for the year ended March 31, 2010.

2. Recommendation of dividend, if any, to the shareholders for the financial year 2009-10

Zensar Technologies Ltd has said that the Board of Directors of the Company at its meeting held on April 22, 2010, inter alia, have proposed a dividend of Rs. 5.50 per share (55% on Equity Share of par value of Rs. 10 each) subject to the approval of shareholders.

Coromandel International Ltd has said that the Board of Directors of the Company at its meeting held on April 22, 2010, inter alia, has recommended a Final Dividend of Rs. 4/- per share (200% on face value of Rs. 2/- per share) for the year ended March
31, 2010.

Chowgule Steamships Ltd has said that the Board of Directors of the Company at its meeting held on April 22, 2010, inter alia, recommended a dividend of Rs. 1.50 (15%) per equity share of Rs. 10/- each.

Sterlite Technologies Ltd has said that the Board of Directors of the Company at its meeting held on April 22, 2010, inter alia, have recommended a Final Dividend of 25% (Rs. 0.50/- on Equity Share of Rs. 2/- each of the Company) for approval by the shareholders of the Company Bodal Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April28, 2010, interalia, for the following businesses

1. To consider and declare Interim Dividend on Equity shares or the financial year 2009-10

2. To consider and redemption of 1, 02,510, 10% Unsecured Redeemable Non-Convertible Debentures of Rs. 500/- each fully paid up.

3. To consider acceptance of resignation of Mr. Hardik M. Shah, as an Independent Director of the company.

4. To consider appointment of Additional Director (Independent) of the Company