Sensex Down 4.01 Points while Profit Taking Early Gains

Offense 15,000 points for the first time in nine months

SENSEX fell 4.01 points or 0.03% to 14,870.90
Nifty rose 5.45 points or 0.1% to 4530.70.
Mid Cap rose 1.5%. At small capitalization grew by 2.1%.
BSE-500 was 0.6%. SENSEX gainer: 18
13 BSE sector indices Annex 9, posted gains.
Advancers: 2009, Decliners: 798, unchanged 49
Advancers Decliners that by a 5:2 ratio.

SENSEX days: 15,046.43 - 14,733.59
Nifty Days Range: 4574.90 to 4478.60
52-Week Range: 7697.39 to 16632.72
52-week% Change: -10.59

SENSEX gain of 6.1% included Hindalco, ITC 5.8%, JP Associates 4.5% 4.4% Grasim, ACC 4.3% and 4.2% Reliance Comm.

SENSEX losers included Mahindra & Mahindra -3.9% -2.2% Infosys, State Bank of -1.9% -1.7% Icici Bank and HDFC Bank down 1.7%.

FMCG Index rose 4.2% led by the United Breweries by 10.8%, Tata Tea +9.4% +5.8% ITC, United Spirits 5.2% and 4.1% of Ruchi Soya .

Consumer durables index jumped 4% helped by Titan Ind 7.8%, Lloyd Electric 4.7% 4.7% Gitanjali Gems, Blue Star 2.2% and 1.7% Videocon Ind

Metal index rose by 1.8% supported by 15.6% Welspun Guj, Jindal Saw 8.6%, 6.1% Hindalco, Jai Corp 5%, 5% and Guj RN Bhushan Steel 4.7%.

Capital goods index by 1% attended Suzlon Energy 14%, 6.6% Everest Kanto Walchandnagar Ind 5%, Lakshmi Machine of 4.6% and 3.9% Jyoti Structure.

Other sectors have moved: Power 0.9% 0.8% Real Estate, Auto Teck +0.6% and +0.4%.

Sectoral losers were: Bankex -1.3%, -1% IT, Oil & Gas PSU -1% and -0.5%.

Shock volume on BSE
Satyam 48 million shares, Ispat Ind 38.54 million shares, Alok Ind 35.49 million shares, Suzlon 32.74 million shares and Unitech 30.95 million shares.

Turnover:
Total turnover traded R 1 crore against 00,828.57 EUR 98,750.05 crore in the previous session. It consisted R 26,238.78 crore NSE cash segment, RS 65,165.46 crore from NSE F & O and the balance of EUR 9424.33 crore from BSE cash segment.

Buzzers:
Lakshmi further 20% to EUR 114 Parenteral Drug 20% to EUR 82.35, Kanoria Chemical 19.9% to EUR 32.85, Dhunseri tea 19.6% to EUR 128.95 and Tech Mahindra 18.3% to EUR 661.70.

Heavy Losers:
DCM Shriram Ind -11.7% to EUR 78.60, Asian Star -10.4% to EUR 1121, Zodiac Clothing -10% to EUR 255 Manappuram Finance -9.8% to EUR 191 and Manu Figure -8, 8% to EUR 56.35.

Lakshmi Overseas jumps 20 PCT:
Laksmi Overseas share jumped 20 per cent circuit filter at Rs 114 on a volume of 3.08 million shares. Traders and investors, the interest shown in the meter.

PSL pics PCT:
PSL Ltd After a senior official told Reuters that plans for $ 50 million through external commercial borrowing and mulling options for fundraising. The share ended at 15.6% to 159.30 euros on BSE.

Attracts media buy:
Buying was also seen in the media files - UTV Software, NDTV, Zee Entertainment, Sun TV Network, Jagran Prakashan, Adlabs Films, TV18, Deccan Chronicle, Zee News, Balaji IBN18 broadcast television and film were 2-16,7%.

Tech in the plan:
Midcap and Smallcap stocks such as technology AurionPro Solutions, Aztecsoft, Core Projects, Datamatics, Dhanus Tech, FCS Software, Four Soft, geometric, Goldstone Tech, Logix Micro, Mastek, Micro Tech, Northgate Tech, Oracle Financial, Patni Computer, Kernex Micro, KPIT Cummins, Prithvi Info, Satyam, SUBEX, TANLA Solutions, Vakrangee and Zylog Systems increased by 3,5-8%. Info Tech Enterprises, Kale Consultants, KLG Systel, Mind Tree, Nucleus Software and Omni Tech Info gained 9-13,4%.

Delivery again in the spotlight:
Shipping stocks also witnessed buying, as the Baltic Dry Index shot over 11% during the day. ABG Shipyard, Shipping Corp Shreyas Shipping Shipping varun have 2-3,6%. Bharati Shipyard, Essar Shipping, Garware Offshore, GE Shipping, Great Offshore and Mercator Lines gained 5-9,5%.

Tech Mahindra, Satyam escalation:
IT company Tech Mahindra has taken more than seventeen per cent on BSE, a day after the company received the green signal from market regulator SEBI on SR 1154-crore open offer for the purchase of fraud affected Satyam Computer.

Tech Mahindra shares ended 17.8 percent to EUR 658.55 and Satyam Computer rose 7.8 percent to finish at C $ 67.75 on the BSE crisis.

Jupiter Bioscience attracts a large volume:
Jupiter Bioscience, a small cap biotech pharmaceutical is to attract a large volume with good supply. Yesterday, the stock moved up 13 percent to EUR 83.20 for a large volume of 2.88 million shares. The arrangement was 44 percent. Today hand finished 2.1 percent higher at 84.95 euros after an increase of EUR 91.50 intraday. The volume was relatively high at 4.12 million shares.

Inflation
The annual inflation rate in India is expected to have decreased slightly in the third week of May and can zero direction in the middle of this month, analysts said on Wednesday.

The wholesale index rose 0.56 per cent in the 12 months to May 23, compared with an increase of 0.61 percent in each of the first two weeks of the month, the median forecast of 14 analysts surveyed by Reuters had shown.

Asian markets:
Asian markets ended higher. Shanghai Composite with 2% and the Hang Seng rose 1%. Nikkei, Straits Times and Jakarta Composite KOSPI was 0.1-0.6%. However, Taiwan Weighted fell 0.8%.

European markets:
European markets have been cited: FTSE 100 fell 1.9%. The CAC-40 fell 0.6% and the DAX fell 1.2%.

Gross:
Crude traded on $ 68.21 per barrel.

Raju judicial custody and others extended till June 24th

The judicial custody of former President of Satyam Computer B Ramalinga Raju judicial custody, while others extended till June 24

Raju has been extended by two weeks in the multi-crore fraud in the accounting environment.

The XIV Additional Chief Metropolitan Magistrate extended the detention of 14 days until June 24 Raju, after their remand ended on Wednesday.

The detention of the former Satyam MD Rama Raju and former CFO V Srinivas, former auditor of Price Waterhouse Gopalakrishnan Srinivas S and T and three former employees of Satyam is also extended to June 24.

While the three Satyam Computer Services Ltd (SCSL) employees - the former Vice-President (Finance) G Ramakrishna and former managers (Finance) D Venkatapathi Raju and Ch Srisailam - were from the prison to the court, brothers Raju, Srinivas V and the former auditors are not as they were interrogated by the Directorate of Enforcement prison Chanchalguda Hyderabad.

Another suspect in the case Surya Narayana Raju, who is a member of an early release on bail, also appeared before the court proceedings, the CBI counsel said.

Meanwhile, seven teams of the Directorate for implementation were the statements of Ramalinga Raju and others in the prison after the court allowed the agency to ask them to eight days from June 9-16 June a senior prison official said.

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Tech Mahindra profits by 17%

S has reached the limit of 10% after the company announced earnings today. The stock is stuck at Rs 66.85. The counter saw trades of around 11.72 million shares to date on the BSE crisis, with PENING orders for nearly 1.50 million shares.

According to a statement issued by Satyam to the BSE today, the only company in the net profit for the quarter ended 31 December 2008 amounted to EUR 181 crore. Total revenues amounted to EUR 2294 crore.

In addition, the press release added that, standalone net profit for the month of January 2009 was RS 4 crore and total income stood at 647 crore. In February, the company had a net profit of EUR 52 crore and total income of EUR 676 crore.

Meanwhile, Tech Mahindra has also increased considerably enlarged and is now 13.4% to EUR 673 at 11.55 am. Approximately 527,000 shares changed hands on the counter so far on the BSE crisis.

Satyam Computer today has more than 10 percent of the stock exchange after the software company posted a net profit up Rs 52 crore in February for the period of months.

After the opening of stock exchanges of the company, shares of Satyam hit upper circuit at Rs 66.85 on BSE, up 9.95 percent from its previous close of trade.

The scam-tainted company, Tech Mahindra, which has a majority stake in April, has a program for a net profit of EUR 52 crore for the month of February, compared to EUR crore four in January 2009.

Shares of Tech Mahindra rose 16.71 percent to a record level of EUR 692.35 in morning trading on the BSE crisis.

Satyam's total revenue in February totaled EUR 637 crore, while January was Rs 647 crore.

On the National Stock Exchange, Satyam gained 10.04 percent to touch the top days at Rs 66.80. On the volume, worth over 3.5 crore share changed hands on the exchanges.

Moreover, Tech Mahindra surged 15 percent to reach a R 694 on the NSE.

In the morning trade today, stocks were the best performers in the BSE-IT 13 index gaining 3.43 percent

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About Satyam Computers

Satyam (NYSE: SAY), the world leader in information technology and business services company, provides consulting, systems integration and outsourcing solutions to clients in many industries around the world. Satyam urges industry and functional expertise, leading technology practices, and an advanced global delivery model to help clients transform their business processes higher and improve their performance the company. The professionals of excellence in engineering and product development, enterprise resource planning and management, supply chain management, Customer Relationship Management, Business Process Improvement, business intelligence, the spirit of enterprise integration and infrastructure management, among other key capabilities.

Satyam development centers and delivery in the United States, Canada, Brazil, United Kingdom, Hungary, Egypt, United Arab Emirates, India, China, Malaysia, Singapore, Australia, and many customers , including many Fortune 500 companies.

ADR stands, American Depository Receipt. In simple terms they are Indian Companies Listed in American Stock Exchanges.

You can see Satyam Computer ADR Price on following Link

http://www.google.com/finance?q=NYSE:SAY

Visit http://www.satyam.com