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Washington: The Bush administration has tried to alleviate worries brought up by various US lawmakers over the civilian nuclear transaction with India.

Indian Overseas Bank turned down 1.3% to Rs 125 regardless of recording a 20.92% increase in net profit in Q1 June 2007 The results were declared during market hours today, 27 July 2007.

Meanwhile, the BSE 30-share Sensex was down 448 points to 15,327 chasing weak global markets.

Nearly, 2.85 lakh shares of the scrip had changed hands on the bourses.

Today, the BSE Sensex saw a 500 point fall and cracked in proportion to other international markets.

While pointing out on the U-turn taken by the stock market, technical analyst, Vishwas Agarwal stated that Indian stock market was faultily affected today because of reduction in worldwide markets and panic selling.

Saturday’s RIL result is crucial to hoard the persuasions now. Any optimistic news from RIL can ease the market to some extent.

But one thing is obvious that stock market mood has turned very cautious now and people are feeling insecure. So they will make an effort to go out with minimal losses in their place before buying more at existing levels.

Colgate-Palmolive India was up 0.57% to Rs 380.25 on registering 68.82% growth in net profit in Q1 June 2007. The results were announced in the market hours today, 27 July 2007.

Melbourne: According to a top independent legal expert that the resolution of Australia’s Director of Public Prosecutions to assess the case against the apprehended Indian doctor Mohammed Haneef advised that the lawsuit was about to disintegrate

While commenting on the decision of Damian Bugg, the ex-chairman of the National Crime Authority, Peter Faris stated, “This is the end of the case against Haneef.”

Broking house, P-Sec recommended hold rating on Thermax.

P-Sec report on Thermax:

Thermax reported a growth of 107% yoy and a bottom line growth of 103% yoy. The results bettered our expectations with a big margin, the EBITDA margins sank by 38 bps yoy. The management had given a rich guidance of 40% yoy growth for FY08 and have maintained there position of stable to better margins.

The current order book stands at Rs. 36.72bln (0up by 66%yoy) that is 1.42x net sales of FY07 offering visibility for future growth.