To an all-time high closing, the BSE Capital Goods Index climbed up 132.05 points or 1.13% to 11,830.08. The index ascended by a vigorous 30 per cent in the first six months of this year (Jan-Jun 22), beating up all other sectoral and benchmark exponents in the same period by a big margin.

L&T was the major gainer in the sector and its shares climbed by more than 50 per cent from Rs 1,400 to Rs 2,107 this year. BHEL was trading at Rs 1,440.15 and ABB rise dramatically by almost 27 per cent from Rs 3,735 to Rs 4,730.70.

On the back of strong demand, Cement scrips were making recoveries from their previous losses. On Friday, India Cements climbed up 0.83% to Rs 188.10. ACC passed up 0.5% to Rs 851, Ambuja Cements rejected 2.64% to Rs 116.25, Ultratech cement turned down 2% to Rs 819.95 and Birla Corp slumped 4.44% to Rs 244.15.

Hindalco Industries is a on a constant uptrend, with increase in the share price headed by market anticipations that supporters may acquire shares from the open market to ward off a takeover.

The stock had gush forth on deep volumes early this month. It has been on a continued increase since then amid irregular heave in daily trading volumes. In the past one month to 22 June 2007, the stock went up 18.38% to Rs 170, as against 1.75% rise in Sensex. The stock exceeded the stock market in the last three months period also, ascending 25.4% verses 8.89% rise in Sensex.

FDC scrip topped gainers’ list in BSE's ‘A’ group shares. FDC
spurted 7.87% to Rs 34.25. The stock climbed on buying prior to its Q4
March 2007 and FY 2007 results on Tuesday, 26 June 2007. The other
gainers in the list include Gesco, Sun TV, IDFC and REL.

In Q3 December 2006, FDC’s net profit came down 19.3% to Rs 0.96
crore as compared to Rs 3.46 crore in Q3 December 2005. Sales climbed
up 26.9% to Rs 112.54 crore in Q3 December 2006 (Rs 88.70 crore).

Lengthening its current rally on continued buying, Bharat Heavy Electricals gained 2.75% to Rs 1,470.75 on BSE.

The scrip's high record during the day was Rs 1,474.40 and low Rs 1,435. The existing market price of Rs 1,470.75 brushes off its earning per share of Rs 49.32 for the year ended March 2007 by a PE multiple of 29.82.

Today, nearly 1.33 lakh shares were traded on the counter. The standard daily volume in the stock was 1.35 lakh shares during in the last one quarter.

Grindwell Norton Ltd has declared that the Company has formed a Joint Venture group in Bhutan in affiliation with the Singye Group of Bhutan.

The joint venture information bobbed up Grindwell in early trading (10:55 am) at Rs 152, up 2.22% on BSE. It also touched an intraday high of Rs 155 and an intraday low of Rs 152 during the day.

Today, 10,997 shares were traded on the counter. During the past one quarter, the average daily volume in the stock was 20,903 shares on BSE.

In early hours, EIH gained 3.10% to Rs 104.60 as a big block deal executed at Rs 102 per share on Bombay Stock Exchange.

The company’s share price touched a highest peak of Rs 105 and a low of Rs 100.95 during the day. On 13 September 2006, the scrip has had its 52-week high of Rs 127.

The block deal was of 19 lakh shares and was struck today. The overall volume was 19.58 lakh shares and the average daily volume in the stock was 50,051 shares in the past one quarter.

Ranbaxy Laboratories gained ground after declaring it got an approval to make and sell Amlodipine Besylate in the United States. Its share price bobbed up 1.82% to Rs 358.25.
The shared price had reached a high of Rs 358.40 and a low of Rs 353.95 during the day. In the last one quarter, the company’s scrip had an average daily volume of 2.71 lakh shares on BSE.
At present level of Rs 358.25, the stock trades at a PE multiple of 26.14 based on its Q1 March 2007 annualized earning per share (EPS) of Rs 13.7.

Canara Bank has topped the gainers list on Bombay Stock Exchange (BSE). The stock profited on continuous market vibrations that it is eyeballing another state run banking institution, Dena Bank. The total asset size of Canara Bank stood at nearly Rs 153400 crore, five times Dena bank’s asset book.

Sterlite Industries followed the same path as Canara Bank and advanced 7.98% to Rs 604.60 and came second among ‘A’ group performers. The stock boosted after its American depository shares attained a strong debut on the NYSE.

IFCI topped the volume charts on BSE with 89.56 lakh shares. However, its share price dipped 1.41% to Rs 49.05. The derivative contracts in the underlying IFCI have crossed 95% of the market-wide position boundary and it is presently in the ban period.

The BSE Mid-Cap Index climbed up 33.74 points, or 0.53%, to close the day at 6,373.76. It also touched its lifetime peak of 6,397.15 during the day.

IVRCL Infrastructure (up 1.71% to 367.75), Amtek Auto (up 1.57% to Rs 420.75) and Great Eastern Shipping Company (3.68% to Rs323.65) were the main components contributing to the index's heave.

IVRCL Infrastructure, Divi’s Lab (which was down), Amtek Auto and Great Eastern Shipping Company have weightages of 1.58%, 1.44%, 1.41% and 1.36% respectively, in the BSE Mid-Cap Index.

According to Investment Consultant Sanjay Chabria, one should wait for some more time to get a return of 40-50% from current levels in RSWM. The company has good business model, and once the value of this stock starts moving up, it will cross Rs 130 without any problem.

Chabria stated, “Rajasthan Spinning new name is RSWM. It is part of the LNJ Bhilwara Group, it’s the leading manufacturer of synthetic yarn and fabrics in the country. The company has a well-established fabric brand Mayur Suiting in the domestic market. The company is undergoing a capacity expansion plan under which it will be investing Rs 900 crore for all its capex plans till FY2009.”

On market talk of a share buyback, Blue Dart Express zoomed 13.70% to Rs 794.75. The share price had beaten a high pressure of Rs 799.90 that is also its 52-week high, and a low of Rs 633 during the day thus far.
The company’s 2.65 lakh shares were traded on Bombay Stock exchange. In the past one quarter, the scrip had an average daily volume of just 6,011 shares on BSE.
The Blue Dart Express scrip had made 54.40% to Rs 699 on 19 June 2007 over the past one month. It appended 60.37% to Rs 699 within the past three months. The scrip had also touched a 52-week low of Rs 405 on 20 June 2006.

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. The initial public offering (IPO) got total biddings for 24.03 lakh shares from entire issue size of 95.90 lakh shares.

Foreign Institutional Investors (FIIs) bid for 11.10 lakh shares. Domestic Financial Institutions and Mutual Funds made no biddings.

On the other hand, Non Institutional Investors bid for 11.10 lakh shares. The retail investors bid for 1.82 lakh shares, out of which 1.52 lakh share were bid at shortcut rate and 29,070 shares were bid at price.

Ankit Metal and Power Limited is a Kolkatta based company that makes steel billets, re-rolled products and sponge iron. This is a 5 year old company endorses by Mr. Suresh Patni.

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.

The Nifty June 2007 futures settled at 4242, a discount of 6.65 as against spot closing of 4248.65
In the past fe sessions, the overall proceeds on NSE’s F&O division has been gaining ground. Today, it came up to Rs 41,733.11 crore than Rs 37,415.18 crore on 19 June 2007.

The Nifty July 2007 futures settled at 4235.10, a discount of 13.55 as compared to spot closing of 4248.65
SBI June 2007 futures settled at a premium, at 1435, compared to the spot closing of Rs 1428.25.
Reliance Capital June 2007 futures settled at a premium, at 1112.90, compared to the spot closing of Rs 1111.

Voltas was showing huge interest among traders with the highest volume on the stock exchange (76.15 lakh shares). Its share price climbed up 15.17% to Rs 111.25. In its last quarter, the compay made healthier gains. Its net profit climbed 405.27% to Rs 119.90 crore, while sales rose 40.36% to Rs 721.35 crore. On 22 March 2007, it sold its complete stake in Simtools for Rs 78.44 crore to Lodha Developers.

GV Films showed the second highest volume of 75.64 lakh shares on BSE. The share price arose 4.95% to Rs 10.39. On 18th June 2007, GV Films announced that it will think about the demerger of the company in three different sections. The company

On its plans to mull over bonus issue, Suraj Stainless climbed up 5% to Rs 337.50. The share price touched a high of Rs 337.50 and a low of Rs 333.20.

Nearly, 13,322 shares were traded on the BSE. The scrip clocked a standard daily volume of 15,571 shares in the past one quarter. On 5 June 2007, the company’s share price turned down from Rs 292.95 to Rs 276.30 on 7 June 2007. It rose since then to reach a high of Rs 321.45 on 19 June 2007.

After market hours on Tuesday, 19 June 2007, the company declared that it would think about bonus shares issue in a board meeting on 26 June 2007.