Indian market continued with volatility and maximum buying over CAPITAL GOODS, BANKING and ENERGY STOCKS, while METALS, AUTO and PHARMACEUTICALS STOCKS FACE selling pressure. SENSEX closed at 17694, up 120 points and Nifty at 5304, up 34 points from the previous close. CNX MIDCAP index was up 0.12% and BSE SMALLCAP index was up 0.52%. The market breadth was negative with advances at 575 against declines of 694 on the NSE. Top gainers included JPASSOCIATE, ICICIBANK, L&T, M&M and DLF. While top losers are listed as WIPRO, ACC, SUNPHARMA, BHARTIARTL, MARUTI and ABB.

Next Day Trading Session:

In the next session, 5235 may act as trend deciding level; traders are suggested to stay long, as long as NIFTY is holding 5235 level. If nifty sustains above 5335, it may gain upside momentum to find new highs. Banking stocks are expected to trade bullish while AUTO and CEMENT sector may see some more profit booking.

Corporate Highlights:

Roman Tarmat Ltd has said that the Company have received Order for the following work: Construction of internal road work for L & T Shipbuilding Ltd., Chennai Order price Rs. 7.50 Cr

Caraf Builders & Constructions Pvt. Ltd. (Caraf), a subsidiary of DLF Ltd., has purchased 245,232,000 Compulsorily Convertible Preference Shares (CCPS) issued by DLF Assets Ltd. (DAL) and held by DSIPL (a Company owned by SC Asia Pte Ltd.), for a consideration of INR 3084.68 crore, inclusive of withholding taxes as applicable. This has resulted in Caraf's economic interest in DAL increasing to 91.90%. The transaction was consummated on April 23, 2010.This is in line with DLF's overall strategy to consolidate the shareholding of DAL. DSIPL shall continue to hold 27,247,230CCPS, which gives it
an economic interest of 4.59% in DAL.

Sesa Goa Ltd has said that the Committee of Board of Directors, at its meeting held on April 23, 2010, allotted 1,83,76,377 equity shares of Re. 1/- each under as per request received for conversion of FCCBs from bondholders. The paid-up equity share capital of the Company would stand at Rs. 85,81,52,746/- consisting 85,81,52,746 equity shares of Re./- each after the approval of the allotment.

The summary of the FCCBs converted till date is as follows:

-Total FCCBs issued (Face Value USD 1,00,000)- 5000
-Number of FCCBs converted till April 05, 2010- 1392
-Number of FCCBs now converted-1 328
-Number of FCCBs converted till date -2720
- %age converted - 54.40.

Persistent Systems Ltd has said that the Board of Directors of the Company at its meeting held on April 23, 2010, interalia, has approved the following:
1. Interim dividend of Rs. 1.50 per share for the Financial Year 2009-10
2. Recommended the final dividend of Re. 0.50 per share for the Financial Year 2009-10. The payment of final dividend is
subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company.

Hindustan Hardy Spicer Ltd has announced that the Board of Directors of the Company at its meeting held on April 23,2010, interalia, transacted the following businesses:
1. Recommendation for declaration of dividend10%.
2. The annual general meeting of the company shall he held on May 31, 2010

Shasun Chemicals & Drugs Ltd has said that a meeting of the Board of Directors of the Company will be held on May 30,
2010, interalia, to consider the following:
1. Consider and approve the audited financial results for the year ended March31, 2010.
2. To consider and recommend dividend, if any, for the year ended March 31, 2010

Epsom Properties Ltd has said that a meeting of the Board of Directors of the Company will be held on April 30,2010,interalia,:
1. To consider the proposal to offer 20,00,000 equity shares of Rs. 10/- each on preferential basis in lieu of Rights Issue and
obtain the approval of the Members at the ensuing Annual General Meeting
2. To consider, approve and take on record the audited financial results for the year ended March 31, 2010

Binani Industries Ltd has said that the Board of Directors of the Company at its meeting held on April 23, 2010, inter alia, has recommended declaration of dividend @ 30% (Rupees 3.00/- per Equity Share) subject to requisite approval

Arihant Superstructures Ltd has said that the Board of Directors of the Company at its meeting held on April 23, 2010, interalia, has transacted the following:
1. The Board has considered and approved the issue of Equity shares on a preferential basis of Rs. 15 Crore at the Rate of Rs. 12/- per equity share (inclusive of Rs. 2/- as premium per share) to promoters & Non-promoters, subject to approval from the relevant authorities.
2. The Board has recommended final dividend at the rate of 5% for financial year 2009-10.
3. The Board has appointed Mr. Virendra Kumar Mital, Mr. Anant B. Karweer, Mr. Dinesh Babel as independent directors of the Company.
4. Board has considered and approved the revision of sitting fees within the limit of section 310 of companies Act,1956 from the next Board Meeting.
5. Board has reviewed the Risk Assessment & Minimisation procedure.
6. Board has discussed the utilisation of fund raised by the Company from the right issue

3i Infotech Ltd has said that the Board of Directors of the Company at its meeting held on April 23, 2010, inter alia, has recommended the following for the approval of the Members of the Company.
1. Recommendation of equity dividend of Rs. 1.50 per shares of face value of Rs. 10/- each.
2. Re-appointment of M/s. Lodha & Co. and M/s. R.G.N. Price & Co. as the Statutory Auditors and Branch Auditors of the company for the financial year 2010-2011.