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India’s biggest cigarette maker, ITC zoomed 8.93% to Rs 165.85 and topped gainers in ‘A’ group shares on the Bombay Stock Exchange (BSE). It gained on speculation that a noteworthy enhancement in cigarette sales may improve the company’s income this year. ITC will declare Q1 June 2007 results on 27 July 2007. The other performers of the day include Mastek, Pidilite Industries, Thermax, Housing Development and Infrastructure.

B Sahu, Khandwala Securities said that today market being knocking down by 96 points was estimable for the market as alteration is long overdue. Overall money flow in the market is fine, FIIs are pouring in money in the markets since last few trading sessions.

According to him, this is the moment for re-balancing and reshuffling the range. He commends investors to gather stocks of companies that are expected to nurture in coming future.

“It is moment to select your sector and stock,” said Mr. Sahu.

He also added that overall market trend is cheerful and optimistic. Tomorrow (July 26) is a decisive day for market because of F&O expiry. So, investors should watch out for global cues for Thursday`s trading session.

New Delhi: Enterprise software company Oracle said it will make a research and development (R&D) system for its 19 centers across Asia Pacific and Japan to manufacture, check and showcase technological innovations.

The novel single system will connect 19 development and solution centres that include six Oracle Asia R&D Centres (OARDC) in India, Japan, Korea, Singapore and two in China in addition to 13 solution centres in the Asia-Pacific region.

New Delhi: Pratibha Patil made history by becoming the country’s first woman President. Ms.

Rahul Mohindar said that ‘Unitech’ has support at Rs 550.

Mr. Mohindar said: “Real estate and infrastructure these are –these are spaces that we linked. On declines we are looking at buying opportunities. We have been commending Unitech for some time, Rs 620-650. Those are the medium term and long term targets respectively. I think the intra-day correction that we have seen today is really an opportunity to buy. There is very big support at about Rs 550 for this stock. So, Unitech would be one, which we will pick in real estate.”

Seattle: Amazon.com Inc.’s recorded three-fold increase in its profit for the second quarter ended June 30, 2007.

The company stated that its income boosted on the back of healthy sales of books, music and electronics internationally. The company’s stock surged 12.5 percent in after-hours trading.

The web retailer’s earnings for the three months mounted to $78 million, or 19 cents a share, as compared to $22 million, or 5 cents a share in the same period last year.

The quarterly results exceeded Wall Street’s outlooks. Analysts estimate a profit of 16 cents per share.