The Indian market gave up most of its early gains after a strong start to the trading session. The market opened on a firm note tracking the strong favoring cues from the global markets and all of a sudden kept on drifting down further from there on as the profit booking prevailed. However, the strong global cues like Lehman Brothers raising of $4billion in an offering of convertible preferred shares eased fears of heading for a fate similar to that of Bear Stearns, fell to kept the market at the higher levels and gave up most of its gains. The Sensex spurts more than 600 points at the initial stage to touch an intraday high of 16,236.70 and low of 15,719.47. The investors took calculated steps to book their positions.

The BSE Sensex closed higher by 123.78 points at 15,750.40 and NSE Nifty closed up by 14.65 points at 4,754.20. The BSE Mid Caps and Small Caps closed up by 17.87 points and 50.38 points at 6,412.97 and 7,912.14 respectively.

The market breadth was strong as 1764 stocks closed in green as against 909 stocks that closed in red.

The Metal index dropped by 296.87 points to close at 13,516.89. Major losers are JSW Steel (4.40%), SAIL (3.90%), Ispat Inds (3.28%), Tata Steel (3.21%), Sterlite inds (2.15%), Nalco (2.14%), Sesa Goa (2.14%) and Jindal Steel (1.93%).

The Bankex index grew by 179.01 points to close at 7,822.56. Major gainers are BOI (6.60%), Canara bank (5.62%), ICICI bank (3.65%), Axis bank (3.04%), IOB (2.54%), SBI (1.73%) and CentBOP (1.75%).

The IT index closed higher by 103.76 points at 3,644.35 as Mosear Baer (4.42%), Infosys (4.26%), Rolta India (4.03%), Satyam (2.48%), Finance Technologies (2.34%), TCS (1.92%) and Wipro (1.32%) closed in green.

The Oil and Gas index closed lower by 25.64 points at 10,328.08. Losers are Cairn India (3.02%), BPCL (1.83%), Aban Offshore (1.73%), Essar Oil (1.73%), RNRL (1.58%) and RPL (1.14%).

From the FMCG space, Galxosmithkline Cons (2.99%), Marico (1.89%), Dabur (1.59%), ITC (1.44%) and HUL (1.15%) closed in red.

The Capital Goods index fell by 61.78 points to close at 13,498.15 as Thermax (1.99%), Elecon Eng (1.34%), Havell India (1.24%), Bharat Electronics (1.04%), L&T (1.01%) and ABB (0.39%) closed in negative.

The BSE Realty index closed up by 34.69 points at 7,501.17 as Akruti City (19.60%), Purvankara (5.06%), Indbul Real (3.17%), HDIL (2.07%), Anant Raj (2.06%) closed in green.

Spark Capital Advisors (I) Pvt Ltd (Manager to the Offer) on behalf of TVS Investments Ltd (Acquirer) has issued this Public Announcement (PA) to the shareholders of TVS Finance & Services Ltd (Target Company) in respect of the proposed acquisition of up to 42,34,588 fully paid-up equity shares (the Equity Shares) & delisting of the Target Company, pursuant to the Securities and Exchange Board of India (Delisting of Securities) Guidelines 2003 (the Guidelines) (the Delisting Offer).

The Offer

The Acquirer is proposing to acquire up to 42,34,588 fully paid-up Equity Shares of the Company held by the public shareholders, including the shareholdings of Directors & Relatives representing 10.23% of the fully paid-up share capital of the company. The Acquirer seeks to delist the equity shares of the Company pursuant to the voluntary delisting procedures set out in the Guidelines for the reasons set out in paragraph 1.3 of PA.

The shareholders of the Company have approved the delisting of Equity Shares of the Company through a Special Resolution passed at the Extraordinary General Meeting of the shareholders of the Company held on March 07, 2008.

The equity shares are currently listed on the Bombay Stock Exchange Ltd (BSE) & the Madras Stock Exchange Ltd (MSE) (the Stock Exchanges). The Acquirer is seeking to delist the equity shares of the Company from both the Stock Exchanges.

The floor price has been computed as Rs 20.29 which is higher of (a) the average of the daily closing prices on the BSE for the last 26 weeks prior to the date of this PA, being Rs 20.18, & (b) the average of the weekly highs & lows of the closing prices on the BSE for the 26 weeks preceding the date of this PA, being Rs 20.29.

Schedule of Activities:

Public Announcement - March 10, 2008

Bid Opening Date (10.00 a.m.) - March 26, 2008

Bid Closing Date (3.00 p.m.) - March 28, 2008

[Via]

Hindustan Dorr Oliver Ltd has informed that the Company has bagged a prestigious order in its Environmental division for design, supply, engineering and construction of Integrated Effluent Treatment Plant from Hindustan Petroleum Corporation Ltd (HPCL) for their Refinery at Mumbai.

The order value is close to Rs 1115.00 millions and will consist of adoption of latest technologies in Environmental Engineering including Sequential Bio Reactor and Membrane Bio Reactor. The Company will be executing the above mentioned contract in 18 months.

Apollo health Hospitals Enterprises is quoting at Rs 504 up Rs 23.95 or 4.99%. They are reported in current stock market price Rs.368 for three month target of Rs.400. It has touched an intraday high of Rs 510 and an intraday low of Rs 478.30.

Escorts Heart Inst ED Dr Naresh Trehan is to join Apollo Hospitals. Today this company is provided best position so I am say stock and stock market price will be increased . On Saturday Trehan was reinstaated as ED of Escorts Heart Institute.

It is trading with volumes of 2021 shares. Yesterday the share closed up 0.05% at Rs 480.05..

The  NSE report that the total member of this company  have a passed  and the following resolutions with requisite majority. Special Resolution pursuant to the provisions of Section 17 of the Companies Act 1956 granting approval for alteration of Objects Clause of the Memorandum  in Association of in this  Company.Buy at current market price Rs.154 for three month target of Rs.200.They are reported in batter excellent result in last quarter ended.Today this company is best position so I am say stock and stock or latest stock market price will be increased.Hcl Infosystems Ltd has informed and reported that Exchange that the Result of postal ballot has been declared on October 15, 2007. . Ordinary Resolution pursuant to the provisions of Section 293 of the Companies Act, 1956 granting approval for increase in borrowing limits. Ordinary Resolution pursuant to the provisions of Section 293 of the Companies Act, 1956 granting approval for creation of mortgage on properties of the Company.

Buy at current market price Rs.268 for three month target of Rs.400.They are reported in

excellent result in last quarter ended.Today this company is best position so I am say

stock and stock market price will be increased.The graph is show in  position of stock

market and stock price in this company.

Aban Offshore Ltd. hasprovide and reported that the  Exchange vide its letter dated

October 12, 2007 and the committee today allotted 960  Equity Shares of

Rs.2/- each to the Employees of the Company under ESOS 2005.

Color Chips Limited has reported in  informed that the Exchange result in this company

has extended its financial year 2006-2007 from March 31, 2007 to June 30, 2007

accordingly the AGM will be held on or before December 31, 2007.

Buy Tata Tele (Mah) share at current market price of  Rs.41 for three month target of  Rs.50. They reported excellent result in last ended quartet. Tata Tele (Mah) company is the best position at present in the market.

Tata Teleservices Maharastra Ltd has informed BSE that Finance Committee has accepted allotment of  1,51,58,152 Share for price of Rs.10 each to the shareholders, Investors who have right  to convert FCCBs Share. Share have allotted and issued at primary price of Rs.14.49 every Equity Share, according to terms and condition of FCCB issue.   

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The Indian rupee slipped  its lowest points since the last two weeks on Wednesday. Some Asian Currencies also slipped same as rupee, against dollar.

Partially exchangeable rupee was 39.85/86 on Monday’s close while it was 39.86 for each Dollar at 9:40 on Wednesday. Indian Markets were closed on October 2, 2007 for National holiday. Previous week Indian rupee increased till 39.62 to touch a new peak of success first time after April 1998.

Investors said they will analysis of Share Market to find direction of  Indian Rupee. Direction of rupee depends on investment. Investment Flows has increased over than 11% current financial year. The Stock Market Index made new records in last some trading days. Foreigners bought more than 3.6 billion dollar during the last some trading days of September by the sources, after a cut in interest rates of American Bank.

Data shows that in the first seventh months of financial year 2007 the Central Bank spent 38.1 billion dollar to test the rupee therefore traders are alert about provoking the central bank.  

Buy at current market price Rs.213 for four month target of Rs.250.They are reported in batter excellent result in last quarter ended.Today this company is reported best result so I am say stock and stock market price will be increased.

NTPC Ltd company has informed that the MOU with in BHEL for joining the venture company in carrying out Engineering Procurement and Construction of activites in power sector..

source:

Buy at current market price Rs.334 for four  month target of Rs.400. They are reported in batter excellent result in last  quarter ended.

They are reported in batter market position so I am say stock and stock market price will be increased.

BSE - Omaxe Ltd has informed BSE has informed that the member and share Transfer books for this company will be remain closed Sep.24,2007 to Sep.27,2007 for purpose of AGM in member of the will be held on September.