The Planning Commission expects the country’’s economy to grow by 8.5 to 9 per cent during the current financial year and by 9 per cent in the 11th Five Year Plan period, saying global slowdown would not affect India in the medium term. The world economic slowdown will not affect the medium term growth prospects, Planning Commission Deputy Chairman Montek Singh Ahluwalia said, while addressing the ”TIE Entrepreneurial Summit 2007”. The economy was likely to clock a growth rate of 8.5 to 9 per cent during the current financial year, he said, adding that the Gross Domestic Product (GDP) growth rate was expected to be 9 per cent during the next three years and 10 per cent in the terminal year of the Plan (2011-12).

The market is trading firm as the buying is seen across all the counters. The global cues are supportive which gives a boost to the domestic market. The market breadth is strong as 2191 stocks are advancing and 535 stocks are declining.

At 11.30PM, the BSE Sensex is trading higher by 236.05 points at 20,166.73 and NSE Nifty is trading up by 89 points at 6,049.60.

Leading the rally from the gainers pack of BSE are Indo Rama trading higher by (12.14%) at Rs65.10 along with Pfizer by (8.34%) at Rs777, Lanco infra by (7.80%) at Rs651, Omaxe by (7.34%) at Rs561.80, Nalco by (6.52%) at Rs407.70

The Oil and Gas index is trading up by 236.65 points at 12,976.65. Scrips that gained are ONGC trading higher by (3.22%) at Rs1233 along with GAIL India by (2.63%) at Rs511.95, Cairn India by (2.07%) at Rs216.95, Reliance industries by (1.97%) at Rs2878.20

Bharti Airtel is trading higher by (2.98%) at Rs1002 as the company would start tower joint venture with 70,000 towers. The company has also offered Rs26.5bn to the department of telecommunications for a pan India Spectrum as an initial bid.

GAIL India is trading up by (2.4%) at Rs512 as the company and Reliance Gas Transportation Infrastructure have entered into an agreement for transmission of natural gas from the Krishna Godavari basin.

BHEL is trading higher by (1.68%) at Rs2720 as the company and NTPC are planning to float a joint venture company for engineering and construction work for power projects.

Reliance industries is trading higher by (1.95%) at Rs2878 as the company’’s unit RIL (Australia) Pty ltd has signed an uranium exploration agreement with Uranium exploration Australia limited. As per this agreement , RIL Australia will receive 49 pct interest in four of UXA’’s exploration licences in South Australia and four of UXA’’s exploration licence applications (ELAs) in the Northern Territory,

Source : finance.livemint.com

Buy at current market price Rs.1808 for three month target of Rs.2000.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.

Benchmark Asset Management Company Private Limited as reported and informed that

the  NAV of Gold BeES for October 15, 2007 is Rs. 968.7924.

Indian rupee touched new peak of 9-1/2 years high on Friday as dollar buying by state run banks and weak Asian markets. Record gain of Indian stocks market is also one reason behind rupee boost.

Some traders are expecting that Central Bank can buy dollars to test rupee’s growth. The rupee was closed at 39.30 per dollar on Thursday meanwhile the changeable rupee was at 39.35/36 in early trading on Friday. The rupee touched peak of 39.27 on Thursday it is strongest position of rupee since March 1998.

The rupee along with Bombay Stock Exchange (BSE) Sensex made a record high for the 15^th times out of 16 sessions. Foreigners have bought 3.2 billion dollars this month while they have been bought total 16.2 billion dollar of shares yet now. Foreign funds have bought around 200 million dollars of shares in the National Stock Exchange (NSE) on Thursday.

The Central Bank has bought 38.1 billion dollars since January to July of 2007,  according to the traders Central Bank has increased purchases of dollars in the last few weeks to hold the rupee.      

Buy Sesa Goa share at current market price Rs.2876 for short term target of  Rs.2950. Last quarter result of Sesa Goa  was good and its share may go up in coming weeks.     

 Sesa Goa announced that company’s revenue was up14 percent at Rs.2584 million (Rs.258.40 crore) in comparison of Rs.2262 million ( Rs.226 crore) on YoY basis. Its net profit will go up 2 percent at Rs.262 million (Rs.26 crore) during the same quarter Vs Rs.257 million (Rs.25.7) YoY.                

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Buy at current market price Rs.2153 for four month target of Rs.2250.They are reported inBatter excellent result in last quarter ended.

Today this company is best position so I am say stock and stock market price will be increased.

Bharat Heavy Electricals Ltd has informed BSE that the board of directors in company will be held

on Oct. 25,2006 and financial result in this company for last quarter ended ‘Times New

September 30,2007

The State Bank of India (SBI) is awaiting extra capital from the Finance Ministry to business growth, as well as it is planning to lift up money by public offer of shares.

SBI chairman O P Bhatt said “We are discussing with Finance Ministry on this matter and awaiting permission of them. Wealth would be increase within three months but just now we are waiting clearance.

The SBI expects to increase about 10,000 crore either rights issue or by public offer. If bank brings out Public Offer then

Government’s share would be less but in case of rights issue Government’s share would be unaffected.

O P Bhatt was participating in the meeting called by Finance Minister P Chidambaram to discuss auto component, paper industries and credit needs of auto.

“Credit growth of SBI was lower till September end than aim of 23 to 24 percent but we are expected to get up to 25% credit growth this financial year. he added.

He also said, if the credit growth remained less than target rate capital will be increase from the market.

Buy at current market price Rs.99 for four month target of Rs.150.They are reported in excellent result in last quarter ended.

The stocks may be recommended as buys and short sales in last previous two months

I have no position in reported in any of these stocks at the time of writing in the family members and client holding positions provided in these stocks.

read more : stockhifi

Buy at current market price Rs.352 for five month target of Rs.4oo.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.

BSE - Shiv Vani Oil & Gas Exploration Services Ltd has informed BSE that the Board of Directors of this Company and meeting held on September 21, 2007, inter alia

Buy at current market price Rs.239 for four-month target of Rs.300. 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.

BSE - LIC Housing Finance Ltd have reported in  the following unedited results  in last quarter ended June 30, 2007: They are reported have a best position  profit after tax of Rs 467.00 million in last  quarter ended June 30, 2007 as compared Rs 374.60 million for quarter ended June 30, 2006. Total Income has increased from Rs 3406.60 million for the quarter ended June 30, 2006 to Rs 4635.30 million for the quarter ended June 30, 2007.