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Sterlite Industries India bobbed up 4.89% to Rs 587.30 after its American depositary shares made a substantial debut on the NYSE. During the day, the scrip had touched a high of Rs 596.80 and a low of Rs 572.

On Bombay Stock Exchange, nearly 8.65 lakh shares were traded on the counter. In the preceding one quarter, the average daily volume in the stock was 2.53 lakh shares.

On 19 June 2007, the Sterlite Industries scrip had climbed up 2.84% to Rs 559.90, after it had received sanction for listing of its IPO of 130.44 million American Depositary Shares.

Technical Analyst, Ashwani Gujral is of the opinion that beyond Rs 120, Development Credit Bank (DCB) will surely touch Rs 150.

Mr. Ashwani Gujral stated that UTI Bank and Kotak Mahindra Bank have been favorite stocks for a long time. Now Kotak Mahindra Bank is set for levels of around Rs 650. UTI Bank is plausibly headed in the direction of Rs 800.

On third day of Ankit Metal & Power IPO, the issue was subscribed for just 0.25 times.

Reliance stock has still lot of steam left to take it to levels higher than 2000. Recently, the company has been a re-rating and analysts have a more optimistic view on Reliance.

Technical Analyst, Ashwani Gujral is also suggesting Reliance Industries as it may go up to Rs 2000. Anyone wants to make good profit should buy Reliance at lower levels, as it will soon reach to a new high.

Kolkata (Wednesday, Jun 20, 2007)
The Trinamool Congress Supremo, Mamata Banerjee on Tuesday extended support for President Abdul Kalam for the consecutive term for Presidential post.
Interestingly, The Trinamool Congress is constituent of the National Democratic Alliance (NDA), which has decided to support Vice-President Bhairon Singh Shekhawat for the post of President.
Trinamool chief Mamata Banerjee said, “I am appealing to all parties to consider Mr. Kalam as a candidate,”

The Nifty June 2007 futures settled at 4242, a discount of 6.65 as against spot closing of 4248.65