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Yesterday's Quick Updates

Sensex ends with moderate gains; JP Asso surges
Indian markets continued to rally for the second day on Thursday. The Sensex ended marginally higher lead by heavyweights Jaiprakash Associates, Sterlite Industries and Tata Power. On sectoral front, consumer durable, FMCG, banking and auto stocks edged higher, while IT, teck and oil & gas dropped.
After opening flat tracking positive Asian markets, Sensex moved in a range in the first half. However, it pared some of its gains due to profit booking seen in index pivotals, where as Sensex` counter parts Nifty breached 5,500 mark to finally close below it and Sensex hitting a high of 18,355.84.

At the close, BSE Sensex added 32.44 points (0.18%) at 18,238.31 with 18 components posting rise. Meanwhile, NSE Nifty went up by 14.30 points (0.26%) at 5,486.15 with 29 components posting rise.

Global Markets
European stocks retreated after the Stoxx Europe 600 Index rallied by the most in more than three months yesterday. US index futures dropped.
Asian stocks rose, lifting the MSCI Asia-Pacific Index to a two-week high, as faster-than-estimated growth in U.S. manufacturing supported confidence in global economic growth.

Top Gainers
Jaiprakash Associates (4.32%), Sterlite Industries (India) (2.59%), Tata Power Company (1.67%), Housing Development Finance Corporation (1.53%), HDFC Bank (1.46%), and ITC (1.20%).

Top Losers
Hero Honda Motors (3.35%), Tata Consultancy Services (1.59%), Bharat Heavy Electricals (1.07%), Bharti Airtel (0.96%), Infosys Technologies (0.90%), and Oil & Natural Gas Corporation (0.83%).

Mid & Small-cap Stocks
The major gainers in the BSE Midcap were Core Projects and Technologies (5.19%), A I A Engineering (4.41%), Ackruti City (1.66%), Aban Offshore (1.58%) and Alfa-Laval (India) (0.06%).

The major gainers in the BSE Smallcap were Action Construction Equipment (8.96%), Aarti Industries (5.71%), Adhunik Metaliks (3.12%), A B G Infralogistics (0.84%) and A B G Shipyard (0.13%).

Sectors Updates
The Consumer Durables index was at 5,819.92, up by 63.52 points or by 1.10%. The major gainers were Gitanjali Gems (3.68%), Bajaj Electricals (2.97%), Blue Star (2.11%) and Titan Industries (1.41%).

The FMCG index was at 3,452.58, up by 27.19 points or by 0.79%. The major gainers were Mcleod Russel India (3.26%), I T C (1.2%), Hindustan Unilever (0.86%), Dabur India (0.59%) and Colgate-Palmolive (India) (0.42%).

The Bankex index was at 12,448.52, up by 97.44 points or by 0.79%. The major gainers were Bank Of Baroda(1.78%), H D F C Bank (1.46%), Bank Of India (1.36%), Canara Bank (0.49%) and Federal Bank (0.12%).

On the other hand, the IT index was at 5,446.72, down by 36.62 points or by 0.67%. The major losers were Patni Computer Systems (2.06%), Tata Consultancy Services (1.59%), Infosys Technologies (0.9%), Oracle Financial Services Software (0.58%) and Rolta India (0.45%).

Market Breadth
Market breadth was positive with 1,882 advances against 1,113 declines.

Value and Volume Toppers
Piramal Healthcare topped the value chart on the BSE with a turnover of Rs. 6,304.53 million. It was followed by Jindal Poly Films (Rs. 1,726.44 million), Prakash Steelage (Rs. 1,324.20 million) and Midfield Industries (Rs. 1,218.86 million).
The volume chart was led by Birla Power Solutions with trades of over 19.21 million shares. It was followed by Suzlon Energy (12.64 million), Piramal Healthcare (12.46 million) and Ispat Industries (10.62 million).

FIIs net buyers Rs 2,065 cr in F&O on Thursday
The Foreign Institutional Investors (FIIs) were net buyers of Rs 2,065.06 crore in futures and options segments on Thursday.
According to the data released by the NSE, FIIs were buyers of index futures to the tune of Rs 944.25 crore and bought index options worth Rs 868.29 crore. They were net buyers of stock futures to the tune of Rs 229.72 crore and bought stock options worth Rs 22.8 crore.

Stocks to watch today for Intraday Trading

Tata Power consortium won Indonesian project - A consortium of Tata Power, Australian energy major Orion Energy and PT Supraco Indonesia has won the Sorik Marapi geothermal project in the Northern Sumatra region of Indonesia. The consortium will develop approximately 240 megawatts (Mw) of geothermal generation, a non-conventional form of an energy resource derived from the earth’s intense heat.

Cipla to buy 25% in S Africa unit - Cipla, the largest player in the domestic drug market, could play white knight for Cipla Medpro, South Africa`s third-largest drug maker and a key ally of the Indian company. Cipla is looking to acquire around 25% in the manufacturing division of Cipla Medpro, where it does not hold any stake at present. The deal size could not be ascertained, but it will be the first overseas acquisition by 75-year-old Cipla in any pharmaceutical company. Recently, it acquired a 25% stake in a Hong Kong-based biotech company with manufacturing units in Shanghai. Cipla will invest in Cipla Medpro Manufacturing (CMM), a subsidiary of Cipla Medpro, which is setting up one of the largest contract manufacturing facilities in Africa at an investment of over Rand 225 million (Rs 1.45 billion), said executives close to the development.

Parenteral Drugs declares bonus & divided - Parenteral Drugs India Ltd has recommended a dividend of Rs. 2.00 per equity share for the year ended March 31, 2010, subject to approval of the shareholders of the Company, at the ensuing Annual General Meeting of the Company.
Further the Company has informed that, the Board has also declared bonus issue in the ratio of 1 (one) fully paid up Bonus Shares for every 3 (three) fully paid up equity shares held by the members of the Company.