Nifty Futures discount at 3-4 pts, adds 22.6 lk shrs SBI: stock up 3.5%; adds 7.5 lk shrs

Nifty Futures discount at 3-4 points Vs 12 points discounts yesterday
Nifty Futures adds 22.6 lakh shares
Nifty Futures turnover at 5940 cr out of total NSE F&O turnover of Rs 33917 cr

Long positions seen:

Financial Space
SBI: stock up 3.5%; adds 7.5 lakh shares
ICICI Bank: stock up 1.5%; adds 9.5 lakh shares
IFCI: stock up 5%; adds 26 lakh shares
Kotak Mah Bank: stock up 4.7%; adds 1.1 lakh shares

Real Estate:
Ansal Pro: stock up 12%; adds 1.8 lakh shares in OI
HCC: stock up 6.6%; adds 2.2 lakh shares in OI
Peninsula Land: stock up 5.3%; adds 60 thousand shares in OI

Short Covering in real estate:

Parsvnath: stock up 9.5%; cuts 2.16 lakh shares in OI
Nagarjuna Constructions: stock up 4%; cuts 2.6 lakh shares in OI

Chemcials/ Fertilizers:

Bongaigaon Refineries: stock up 4.5%; adds 19.9 lakh shares
Oswal Chemicals: stock up 5.8%; adds 8.1 lakh shares
Nagarjuna Fertilisers: stock up 2.5%; adds 69.4 lakh shares

Others:
VSNL: stock up 5.4%; adds 5.9 lakh shares in OI
Escorts: stock up 7.5%; adds 5.5 lakh shares in OI
S Kumars: stock up 6.7%; adds 3.4 lakh shares in OI
Moser Baer: stock up 6%; adds 5.3 lakh shares in OI
Voltas: adds 14.8 lakh shares

Short Covering
SAIL: stock up 1.3%; sheds 3.1 lakh shares in OI
ITC: stock up 1%; sheds 1.7 lakh shares in OI
PFC: stock up 2.6%; sheds 1 lakh shares in OI
Centuty Textile; stock up 3.3%; cuts 86 thousand shares in OI
UTI Bank; stock up 2.1%; cuts 84 thousand shares in OI

Mid Cap Buzz:

Akruti Nirman: stock still of nearly 25% from its issue price of Rs 540
Parsvnath: still off nearly 35% from its 52-week high of Rs 575
S Kumars: Market buzz of IPO of one of its subsidiary, Brandhouse Retail
Patel Eng; good build up seen in F&O; ABN Amro technical target at Rs 650
Ansal Properties: George Soros may up stake to 5% from 1%
DCM Shriram: market buzz of development rights of Delhi land to DLF
Berger Paints: still off nearly 40% from its 52-week high price of Rs 96

Small Cap Buzz:
Surya Roshni: Looking to issue fresh equity to financial investors: CNBC-TV18
Evinix Accessories: stock still of nearly 15% from its issue price of Rs 120
C&C Cons: stock still of nearly 20% from its issue price of Rs 291
Valecha Eng: board meet on Jul 30 to consider bonus issue
Shringar Cinema: Kotak PMS had sold 6.7 lakh shares in last 2 days
Shriram City Union: Reliance A/C PMS has recently bought 7 lakh shares @ Rs 205.5/sh
Pochiraju: still of nearly 8% from its issue price of Rs 30

Global Market Closing:

Strong closing for Asian markets
Thailand up 2.6%, Korea up 1.9%, Hang Seng up 1.7%
Shanghai up 1.65%, Jakarta up 1%





F&O Action:
-Turnover at Rs 33,917.8 cr vs Rs 34,061.14 cr on Monday
-Top traded: Rel Cap, SBI, RIL, GMR Infra, Bharti, RComm
-Nifty futures discount at 3 points Vs 12 points yesterday
-SBI up 3.5%; adds 7.5 lakh shares in OI
-ICICI Bank up 1.5%; adds 9.5 lakh shares in OI
-IFCI up 5%; adds 26 lakh shares in OI
-Ansal Property up 12%; adds 1.8 lakh shares in OI
-Parsvnath up 9.5%; cuts 2.16 lakh shares in OI
-Nag Cons up 4%; cuts 2.6 lakh shares in OI
-Bongaigaon up 4.5%; adds 19.9 lakh shares in OI
-Oswal Chem up 5.8%; adds 8.1 lakh shares in OI
-Nagar Fert up 2.5%; adds 69.4 lakh shares in OI
-VSNL up 5.4%; adds 5.9 lakh shares in OI
-Escorts up 7.5%; adds 5.5 lakh shares in OI
-S Kumars up 6.7%; adds 3.4 lakh shares in OI
-Moser Baer up 6%; adds 5.3 lakh shares in OI




Nifty July 2007 futures above 4350

Nifty July 2007 futures settled at 4354, a slight discount of 3.55 points as compared to spot closing of 4,357.55.

Reliance Capital July 2007 futures settled at premium, at 1131, compared to the spot closing of Rs 1124. It was the top traded counter with turnover of Rs 1436.88 crore

SBI July 2007 futures settled at a premium, at 1593.20, compared to the spot closing of Rs 1578.50.

IFCI July 2007 futures settled at a premium, at 63.15, compared to the spot closing of Rs 62.70.

Tata Steel July 2007 futures settled at a premium, at 605, compared to the spot closing of Rs 600.70.

In the cash market, the S&P CNX Nifty rose 43.80 points or 1.02% at 4,357.55, an all time closing peak. It also struck an time high of 4,363.35, in late-afternoon trade, surpassing its previous all time high of 4,362.95, struck on 4 June 2007.