The market today opens lower after a sharp upward journey yesterday. The selling pressure emerged in the selective scrips mainly led by the Capital Goods, FMCG and IT stocks. However, the Realty and Metal stocks are trading Stock Overall Stock Market
marginally higher in the morning trade. The broader market has outperformed the benchmark index in the opening trade as the Mid Cap and Small Cap has managed to trade higher.

The overall market breadth is negative as 793 stocks are advancing whereas 824 stocks are declining on BSE.

At 10.30AM, the BSE Sensex was down by 176.38 points at 15,580.70 and the Nifty was down by 44.20 points to 4,717.

The BSE Mid Cap increased by 22.10 points to 6,366.82 and the BSE Small Cap advanced by 17.96 points to 7,795.90.

DLF reported the top gainer from the BSE Sensex pack. It is trading with a gain of 1.76% at Rs.628.65 while L&T the top loser declined by 3.19% to Rs.2,633.

BSE Metal index advanced by 17.07 points to trade at 13,828.63. The top gainers are Gujarat NRE inclined by (4.81%) to Rs.169.95, Sterlite Industries increased by (3.07%) at Rs.785.70 followed by JSW Steel up by (0.60%) to Rs.765.05.

BSE Capital Goods index dropped by 168.04 points to trade at 12,587.89. The major losers are L&T, ABB, Praj Industries and Siemens grew by (3.19%), (1.02%), (1.11%) and (0.31%) to Rs.2,633, Rs.1,069, Rs.133.05 and Rs.586.85 respectively.

Ashirwad Steels and Industries Ltd has informed that the Board of Directors of the Company at its meeting held on March 03, 2008, inter alia, to discuss and allot 3933600 equity shares of the Company of Rs 10/- each at a cash price of Rs 50/- each on preferential basis and after necessary deliberations the Board of Directors

resolved and approved allotment of shares to the following share applicants along with number of shares allotted to each applicant :-

I. Under Promoters Group:

1. Name of the Applicant : Meghdoot Vyapaar Pvt Ltd

- Number of Shares allotted: 1,350,000

2. Name of the Applicant : Sanyog Nirman Pvt Ltd

- Number of Shares allotted: 6,15,000

3. Name of the Applicant : Bahula Resources Ltd

- Number of Shares allotted: 80,000

II. Under Non Promoters Group:

4. Name of the Applicant : Rosy Dealcom Pvt Ltd

- Number of Shares allotted: 2,00,000

5. Name of the Applicant : Vinayak Finlease Pvt Ltd

- Number of Shares allotted: 1,40,000

6. Name of the Applicant : Aspolight Agencies Pvt Ltd

- Number of Shares allotted: 1,70,000

7. Name of the Applicant : Boosom Marketing Pvt Ltd

- Number of Shares allotted: 1,30,000

8. Name of the Applicant : Green Mark Securities Pvt Ltd

- Number of Shares allotted: 1,48,000

9. Name of the Applicant : Proctor Pratistan & Trading Pvt Ltd

- Number of Shares allotted: 1,16,000

10. Name of the Applicant : Binapani Traders Pvt Ltd

- Number of Shares allotted: 60,000

11. Name of the Applicant : Baglas Traders Pvt Ltd

- Number of Shares allotted: 90,000

12. Name of the Applicant : Kanishk Promoter Pvt Ltd

- Number of Shares allotted: 1,90,000

13. Name of the Applicant: Rajlakmi Vanijya Pvt Ltd

- Number of Shares allotted: 1,60,000

14. Name of the Applicant : Variety Commodities Pvt Ltd

- Number of Shares allotted: 1,68,600

[Via]

Dolat Investments Ltd has informed that the Honble Company Law Board, Western Region Bench, Mumbai, passed an Order dated February 22, 2008, confirming therein shifting of the Registered Office of the Company from the State of to the State of Tamil Nadu Therefore, with effect from February 22, 2008, the address of the Registered Office of the Company is as under
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This company is providing in batter excellent result on last quarter target. So I am say Stock and Stock Market price will be increased in last quarter target.
Via :

Satyam Computer Services Ltd on Jan 21reported an augment of 28.58 per cent in its net income at Rs 433.63 crore for third quarter ended December 31, 2007, next to Rs 337.23 in the matching quarter of 2006.Total earnings of the collection rose 35.58 per cent at Rs 2266.05 crore for the quarter under appraisal, compare to Rs 1671.29 crore in the same period last year, Satyam said in a filing to the Bombay Stock Exchange.

The company has report 35.81 per cent rise in profits at Rs 2,179.27 crore from Rs 1,604.60 during the last third quarter ended, 2006.Shares of the company were trade at Rs 361, down 3.11 per cent on the BSE in daybreak trade.
Via