Hi CB, Karthik. GMDC and Timken charts for today? How do they look?

GM have a good day...

holding SBI 2300CE at 17...pls suggest should i sell at the opening or should i hold on...

hi good morning Tejas/kartik/cb/kevin. kindly advise on some stock like goldtech, dbcorp, uniphos enterprises. all these stock made a reversal pattern at the bottom and generating buying signal. what do u say.

Also need ur views on Jb chemical and mawana sugar

hi gm i hav timken at 235.wts the target today?

Hi sanjeev, dont enter them yet, wait for some time for Markets to settle

Hi cvrprakash, GM, Yes, shall try to implement it

Hi irshad, likely to trade weak, keep a SL at 218

Hi kands, GM, Oracle looks good, can be entered around 2875-80

Hi Roy, GD MNG

Hi dak, GOOD MORNING

Hi kands, GM

Hi cvrprakash, GOOD MORNING

Kartik, GM
Holding GITANJALI...what shud i do today?

Hi Kartik, GOOD MORNING SIR

wht happen i n reliance ind today sir

Badly caught in Nifty 5500 CE @ 54 ........ shall i exit at opening or can hold till expiry to see my buying rate ?

Can i enter Clutch Auto Ltd for a bounce from here?

Hi sanjeev, GOOD MORNING , PAST RECORD IS ALWAYS NOT A GUARANTEE FOR THE FUTURE, DONT ENTER THEM YET. AS PER LOOKING MARKET CONDITIONS WAIT FOR SOME TIME.

hi kartik good morg ... .how many points open lower

HI ALL:
Analysis:

OPEN=1% DOWN.
TODAY'S MARKET ANALYSIS : WEAK TILL RBI POLICY ANNOUNCEMENT.
IF RBI HIKE 25BPS, NIFTY WILL RECOVER FAST. BE READY TO BUY AT STEEP FALL
SUPPORT 5410 AND RESISTANCE IS AT 5470/5495-5500

Hi Kartik, Can I buy FSL in intraday for target 22 or Bhartiya Int at cmp for target 67? Which is better? Or buy OFSS for what target?

Hi AJ, NO DO NOT ACCESS Hi deny, OPEN LOWER RECOVERY CAN BE SEEN AFTER 982

Hi Akash, Markets look weak, dont enter them

Hi AJ, no

Hi cvrprakash, GM, might open around 1210, keep a trailing SL at 1218 and hold it

Karthik/CB your take on Colgate P on dips?

Any view on Sanghvi Movers Ltd

GM,
Holding Jp with 2.50rs loss 2 lots. What to do?

hi kartik when is rbi policy announced

Insecticides (India) Ltd for intraday??

Hi Kartik, Shall i avg at opening?

hi Mba tejas gupta good morg

Hi Kartik, ofss on dips mean around ?

Hi arun bj, GOOD MORNING

Hi Chinny, LOOKS GOOD

Hi AJ, NO DONT ENTER IT YET

Hi Kartik, WELCOME SIR

Hi MIHIR PAREKH, Analysis:

OPEN=1% DOWN.
TODAY'S MARKET ANALYSIS : WEAK TILL RBI POLICY ANNOUNCEMENT.
IF RBI HIKE 25BPS, NIFTY WILL RECOVER FAST. BE READY TO BUY AT STEEP FALL
SUPPORT 5410 AND RESISTANCE IS AT 5470/5495-5500

Hi suzane, GM HOW ARE U ?

GM Tejas

hai 'karthik gm wata bout dish tv and sun tv for intradayplz

Hi bhuvana, GM, they can see some profit booking today

Hi bhuvana, SOME PROFIT BOOKING CAN BE SEEN IN SUN TV AVOID IT . DISH TV LOOKS WEAK

Hi dhiva, GM

Hi Chinny, Yes

Hi JR, BY LOOKING MARKET CONDITION LETS HOLD UR CE AND PE

Hi Kartik, Where to short futures, sla nd tgt pls..

Hi kands, GOOD MORNING

Hi Chinny, lets wait to see where Markets settle after opening, we can be volatile ahead of the RBI meet today

should i buy tatamotors??

Hi MICKY, OH OK OK BRO :)

HI ALL
Analysis:

OPEN=1% DOWN.
TODAY'S MARKET ANALYSIS : WEAK TILL RBI POLICY ANNOUNCEMENT.
IF RBI HIKE 25BPS, NIFTY WILL RECOVER FAST. BE READY TO BUY AT STEEP FALL
SUPPORT 5410 AND RESISTANCE IS AT 5470/5495-5500

Buy Bhel Above 1935 Stoploss 1915 Target 1955 - 1975
Sell DLF BElow 224 stoploss 226 , target 221 - 219

Should i buy tata motors??

Hi pankaj, NO LOOKS WEAK DONT ENTER IT YET .DOWNWRD TREND

hi guys any view on bhel and century textiles

Hi Chrishi, likely to see some consolidtaion ahead

thanx kartik

Hi Akash, wait for some time

Hi Chrishi, most welcome

Friends Today weak world mkt and RBI policy ahead
Avoid intraday,small trders avoid MKT
Today Buy
Buy ABB 50%
Buy MARUTI 50%

Hi AJ, NO LETS WAIT MAY FALL FURTHER

Hi Kartik, Anything to short?

Hi Chinny, HDFC can be gone short

Hi Kartik, TTK Prestige?

Hi Chinny, Friends Today weak world mkt and RBI policy ahead
Avoid intraday,small trders avoid MKT
SELL DLF IN SMALL QTY.

Hi Akash, no

Hi kands, not sure of it

GITANJALI now below 300...should I exit?

hi kartik,

holding punj llyod at 70. what to do?

Hi Kartik, Can havells or idfc be bought @ current levels.????

Hi Mayur, would be better to wait for some time

Whatz ur take on IDFC ?

gone short on jetairways @ 449.5(1 lot) any suggestion pls

Can you Please suggest the Levels(Stop loss and Exit) for HDIL I've 6 lots at 173.5

holding delta corp 500 at 99.45rs , what to do?

Should i short [email protected]

hi CB, , what to do with bajaj auto , i have to exit before 12.00 should i exit at cmp 1343 or any upmove expected till 12.00
thankss.

Hi CB / Kartik - Good Morning

Hi KB / Tejas - Good Morning Holding 5300 PE @ 33 whr to exit.

hi MBA tejas gupta i feel rbi wont increase beyond .25 % rate hike ... be ready next bull run
i am workiing in banking sector .. last time my higer official told me before 10 days in .50 rate hike ..... but this time till now i didnt receive any rate hike information ... so i feell there is no rate hike this time if it is there not beyond .25 ......

Can HDFC PE be taken now at CMP 14....?

Hi amolo, no am feeling that market is on bearish side look for tday outlook for RBI if rate hike happens market can fall further and then u might get at better levels around 880/870

GUYS WATCH DISH TV ITS WORKING CMP 85.9

i already buy McLeod Russel (India) Ltd.@ 275 last day.. now i want to know the future...

Nifty near 5400; realty, capital goods, auto down

Indian markets extended overnight losses as weak global cues and concerns of rate hike back home dampened sentiments. Realty, capital goods and auto stocks led the decline while FMCG space was slightly higher.

"There is no real mystery in what the RBI could do; a 25-bps rate hike by the RBI has been priced in. What the RBI says will be important. In short, stay calm and avoid undue risk taking.

The RBI has been waging a war against inflation but its year-long efforts don't seem to be having the desired impact. On the other hand, there has been some moderation in the economy. Having said that, the advance tax numbers and credit offtake are belying fears of a slowdown.

The start will be gap-down due to steep losses as Greek debt woes continue to hound world markets. So, risk is being taken off the table," said IIFL report.

At 10 am; National Stock Exchange's Nifty was at 5417.10, down 30.40 points or 0.56 per cent. The broader index touched a high of 5426.75 and low of 5404.40 in trade so far.

Bombay Stock Exchange's Sensex was at 18042.05, down 90.19 points or 0.50 per cent. The 30-share index hit a high of 18083.46 and low of 18005.82 in early trade.

BSE Midcap Index was down 0.58 per cent and BSE Smallcap Index moved 0.26 per cent lower.

Amongst sectoral indices, BSE Realty Index was down 1.26 per cent, BSE Capital Goods Index slipped 0.88 per cent and BSE Auto Index declined 0.80 per cent. BSE FMCG Index was up 0.24 per cent.

Ambuja Cements (-2.24%), IDFC (-2.04%), Maruti (-1.81%), Grasim (-1.80%) and Bajaj Auto (-1.74%) were the major Nifty losers.

BPCL (0.93%), NTPC (0.85%), Hindustan Unilever (0.84%), Reliance Infrastructure (0.68%), and BHEL (0.36%) were amongst the top gainers.

Market breadth was neqative on the NSE with 723 gainers against 1173 losers.

Meanwhile, the Asian markets were down in line with other peers on Greece debt concerns. Nikkei 225 was down 1.09 per cent, Hang Seng fell 1.45 per cent and Seoul Composite moved 1.68 per cent lower.

Hi SAI, GM

Hi all. GM
Any one please tell me where to check yesterdays high and low price of stock options?

Stocks to watch:

Lanco Infrastructure after the Construction and energy conglomerate dropped plans to bid for Australia's Premier Coal, owned by coal-to-retail conglomerate Wesfarmers, its executive chairman said on Wednesday.

Tata Motors after the top car maker said its global vehicle sales in May rose 11 percent from a year ago to 88,251 units.

Airline stocks will be watched after two state-owned oil firms today hiked ATF prices by 2.4 per cent in response to the increasing international crude prices.

PVR after the firm announced buy-back of 27.15 lakh equity shares at Rs 140/share. Buyback constitutes up to 10 pct of its outstanding shares. The buyback from open markets is at nearly 35 per cent premium to the current market price.

Shares ACC, Ultratech, Ambuja will be focus after Ministry of Corporate Affairs asked SFI to probe existence of a Cartel. Companies underutalising capacity to create shortage, SFIO will also probe the role of top management.

ONGC after the Oil major plans to sell 30 pct stake in KG Block. The company is in talks with BG India and Italian E&P major, ENI.

Essar Ports after the company is planning for a port project in Canada according to reports. If the plans go-through 25 pct of funding will be done by Canadian government.

Hi thavva, pls help CB/KB not available. holding 5300 put. whr to clear any idea

Hi subramani, no, not really sure about it

Hi SAI, cover it for now. shall take a fresh call after outcome of rbi meet.

just came online.

The Directors are pleased to present the 15th Annual Report, together with the audited financial statements for the financial year ended March 31, 2010.
Financial Highlights

The financial highlights of the consolidated Statement of Operations of
your Company for the financial year 2009-10 are summarised below:

(Rupees in Million)

Particulars 2009-10 2008-09

Income from Services 123,979 101,313

Other Income 1,011 231

Total Revenue 124,990 101,544

Operating Expenses 90,399 73,180

EBITDA 34,591 28,364

Depreciation and Amortisation 20,149 14,028

EBIT 14,442 14,336

Interest and Financing charges 4,005 4,945

Surplus from prepayment of loan 317 --

EBT 10,754 9,391

Taxes 1,215 575

Net Profit after Tax 9,539 8,816

Balance brought forward from
previous year (5,263) (14,079)

Accumulated Losses acquired on (9,314) --

Amalgamation of Spice Communications
Limited (net of withdrawals from
General Reserve & Deferred Tax effects)
Cumulative Losses (5,038) (5,263)

Performance Review

During the year under review, your Companys operations covered all
service areas of India. The total revenue for the year ended March 31,
2010 stood at Rs.124,990 mn against Rs. 101,544 mn in the previous
year, registering a growth of 23%. The Net Profit for the financial
year stood at Rs. 9,539 mn against Rs. 8,816 mn in the previous year.

Review of Consolidated Operations

During the year under review, Spice Communications Limited which had
operations in the Punjab and Karnataka service areas, and licenses for
National and International Long Distance operations, has been merged
with the Company with effect from March 1, 2010, pursuant to a Scheme
of Amalgamation. Similarly, the telecom operations of the Bihar service
area which were in Aditya Birla Telecom Limited have come into the fold
of your Company with effect from April 1, 2009, pursuant to a Scheme of
Arrangement.

Your Companys subscriber base increased by 48.4% over the year to
reach 63.82 mn as of March 31, 2010. Your Companys subscriber market
share stood at 10.9% as of end March, 2010 on a national basis.
Further, the Companys revenue market share increased to 12.4% for the
year ended March, 2010 from 11.1% for the year ended March, 2009. The
total Minutes of Usage have increased by more than 40% from 175 bn in
2008- 09 to 248 bn in 2009-10.

Dividend

As your Company does not have distributable profits as on March 31,
2010, your Directors regret their inability to recommend any dividend
for the year under consideration.

Share Capital

During the year under review, the Company issued and allotted
199,153,469 Equity Shares of Rs. 10/- each, fully paid-up, to the
equity shareholders of Spice Communications Limited (Spice), in the
ratio of 49 equity shares of the Company for every 100 equity shares
held in Spice, as per the approved Scheme of Amalgamation.

Further, the Company issued and allotted 589,114 Equity Shares of Rs.
10/- each to the Option Grantees pursuant to the exercise of stock
options under Employee Stock Option Scheme, 2006.

Consequently, the paid-up equity share capital of the Company increased
by Rs. 1,997.43 mn to Rs. 32,998.38 million.

Credit Ratings

The Company has received P1+ rating for its short term debt program
from CRISIL, and an AA rating for its long term debt program from CARE.

Capital Expenditure

During the year, the Company rolled out services in the Orissa, Tamil
Nadu, Jammu & Kashmir, Kolkata, West Bengal, Assam and North East
service areas, thereby making it a nationwide service provider.
Moreover, your Company continues to expand network in the incumbent
service areas for enhanced coverage and quality. Your Company incurred
a capex of Rs. 39,814 mn (including the capex incurred by erstwhile
Spice Communications Limited) during the financial year 2009-10.

The Company also made significant progress in rolling out its National
Long Distance (NLD) network, and augmenting the International Long
Distance (ILD) network. As at end March, 2010, it carried about 70% and
62% of its captive NLD and ILD traffic respectively.

Employee Stock Option Scheme

During the year, the ESOS Compensation Committee granted 6,918,750
options as a third tranche under the Employee Stock Option Scheme, 2006
(ESOS - 2006) to the eligible employees of the Company. Each option is
convertible into one Equity Share of the Company upon vesting. These
options will vest in 4 equal annual installments after one year of the
grant and shall be exercisable within a period of 5 years from the date
of the vesting.

Further, during the year, the ESOS Compensation Committee had re-priced
the Options granted to employees under Tranche I and Tranche II, as
these Options had become unattractive consequent to a significant drop
in share price. This re-pricing was duly approved by members at the
14th Annual General Meeting held on December 21, 2009.

Details of the options granted under ESOS–2006 upto March 31, 2010, and
other disclosures in compliance with Clause 12 of Securities and
Exchange Board of India (Employees Stock Option Scheme and Employees
Stock Purchase Scheme) Guidelines, 1999, are set out in Annexure ‘B to
this Report.

Human Resources

Your Company continuously invests in people development, identifying
and grooming management talent, and has a culture of harnessing people
power to the maximum.

Significant Developments:

- Merger of Spice Communications Limited with the Company

During the financial year 2009-10, Spice Communications Limited
(Spice), having mobility operations in Punjab and Karnataka service
areas including license for National and International Long Distance
operations, has been merged with the Company, pursuant to sanction of
the Scheme of Amalgamation by the Honble High Court of Gujarat and the
Honble High Court of Delhi.

The High Court Orders have been filed with the respective Registrar of
Companies, pursuant to which the Scheme become effective from March 1,
2010.

- De-merger of Telecom Undertaking (including Unified Access Services
License of the Bihar service area from Aditya Birla Telecom Limited
(ABTL) to the Company)

Your Directors wish to inform that the telecom operations of the Bihar
service area (alongwith certain assets and liabilities) which were
hitherto carried out in Aditya Birla Telecom Limited (a wholly owned
subsidiary) have been de-merged into the Company, pursuant to the
Scheme of Arrangement approved by the Honble High Court of Gujarat,
and the Honble High Court of Bombay.

The said Scheme became effective on 1st March, 2010 with an Appointed
Date of 1st April, 2009.

- De-merger of Licenses

Your Directors wish to inform that the Scheme of Arrangement filed by
the Company with the Honble High Court of Gujarat for de-merging the
UAS Licenses in respect of Punjab and Karnataka service areas to an
eligible entity has been withdrawn. Similarly, the Scheme of
Arrangement filed by erstwhile Spice Communications Limited with the
Honble High Court of Delhi for de-merging UAS Licenses in respect of
Delhi, Haryana, Mahrashtra and Andhra Pradesh service areas has also
been withdrawn.

- ISP License

In April, 2010, your Company received a License for providing pan India
Internet Services (ISP License). This License will enable the Company
to offer a gamut of services to the enterprise segment on a national
basis.

- Auction of 3G Spectrum

The Department of Telecommunications, Ministry of Communications &
Information Technology had conducted an Auction for 2.1 GHz band (3G
Spectrum) in the month of April, 2010. After the bidding spanning over
34 days and 183 rounds, your Company emerged winner in 11 Service Areas
viz. Maharashtra, Gujarat, Andhra Pradesh, Kerala, Punjab, Haryana,
Uttar Pradesh (E), Uttar Pradesh (W), Madhya Pradesh, Himachal Pradesh
and Jammu & Kashmir, at a total cost of Rs. 5,768.59 Crore.

The 3G footprint of the Company in the 11 service areas accounts for as
much as 81% of its national revenue, of these 11, the Company is number
1 in 4 service areas , and number 2 in another 3 service areas.

Awards and Recognitions

Some key awards and recognitions received by your Company are:

- Your Company has been ranked 6th in Investor Relations and ranked 7th
in Corporate Governance amongst Indian Companies by Finance Asia
magazines annual poll of investors and analysts.

-On Brand Idea has been ranked the 4th Buzziest Brand by Agencyfaqs.

- Idea won the award for the ‘Best Ad Campaign at tele.net Telecom
Operator Awards, 2010.

- The campaign “What an Idea Sirjee” continue to win accolades with the
campaign recently winning Silver at EFFIES 2009 for “Democracy”
Campaign, while the ‘Walk when you Talk Campaign was adjudged the 2nd
best campaign of the year by Brand Wagon (FE) and ‘All about Ads on
NDTV Profit.

New Initiatives and Alliances

During the year under review, your Company made extensive progress on
the marketing and customer care front by introducing various innovative
products and services and also entered into various alliances. Some of
these are:

- The Company deployed a best-in-class Interactive Voice Response (IVR)
system, based on a highly efficient technology architecture deployed by
IBM in partnership with CISCO. This IVR is the worlds largest Cisco
CVP deployment in telecom, and the largest deployment in APAC (Asia
Pacific American Coalition). The Company currently manages close to 5
million customer interactions per day using this IVR.

- The Company conceptualized and launched “Insta Alert”, an innovative
tool to convey latest offers and service related communication to
customers who latch on to the network after a period of inactivity.
This application was nominated for the global GSM Awards at Barcelona.

- Idea launched a standardized self care portal “CARE” which gives
information to the customer on products / tariffs and information of
their account such as billed amount, last recharge, last calls,
unbilled amount, etc.

- Idea was the first operator to launch “Pre Tones”. Pre Tones is an
innovative VAS service which allows the user to listen to the caller
tones of his / her own choice while making an outgoing call instead of
listening to the respondents caller tone.

- Idea launched 3G Compatible Net Setter Data Cards to cater to the
needs of its data -savvy customer segments.

- As one of Ideas new VAS activities, Idea launched “Buddy Recharge” –
a unique peer-to-peer talk time transfer product.

- Idea strengthened its brand through a series of media properties like
the Idea Cup, Cricket Series, Talk for India, Bingo Night, etc. Idea
associated with IPL teams, Deccan Chargers and Delhi Daredevils as
Principal Partners.

- Idea also launched Oongli Cricket during the IPL season, which was
well received.

Subsidiaries and Joint Ventures

Your Company has the following subsidiaries and joint ventures:

Subsidiaries

- Aditya Birla Telecom Limited (ABTL), holds 16% shareholding in Indus
Towers Limited and 100% shareholding in ICTIL.

- Idea Cellular Services Limited (ICSL), provides manpower services to
the Company.

- Idea Cellular Infrastructure Services Limited (ICISL), is a tower
company owning towers in Bihar and Orissa service areas and provides
passive infrastructure services in these service areas.

- Idea Cellular Towers Infrastructure Limited (ICTIL), holds towers
de-merged from the Company. ICTIL will subsequently merge into Indus
Towers Limited.

- Carlos Towers Limited (Carlos), became subsidiary pursuant to the
amalgamation of Spice Communications Limited with the Company and is
presently not having any operations.

- Swinder Singh Satara and Company Limited (SSS & Co.), is engaged in
the business of sale and purchase of Data Cards, mobile hand sets and
Fixed Wireless Phones.

As per Section 212(1) of the Companies Act, 1956, the Company is
required to attach to its accounts the Directors Report, Balance Sheet
and Profit and Loss Account etc. of each of its subsidiaries. As the
consolidated accounts present a complete picture of the financial
results of the Company and its subsidiaries, the Company had applied to
the Central Government seeking exemption from attaching the documents
referred to in Section 212(1) of the Companies Act, 1956. In terms of
the approval granted by the Central Government vide letter No.
47/288/2010-CL-III dated 13.04.2010 under Section 212(8) of the
Companies Act, 1956, a copy of the Balance Sheet, Profit and Loss
Account, Reports of the Board of Directors and Auditors of the
aforesaid subsidiaries for year ended March 31, 2010 have not been
attached with the financial statements of your Company. However, the
annual accounts of the subsidiary companies will be made available to
any investor of the Company, who seek such information and are also
open for inspection by any investor at the Registered Office of the
Company. The same are also uploaded on the website of the Company. The
statement pursuant to the approval under Section 212(8) of the
Companies Act, 1956, forms part of the Annual Report.

Joint Ventures

Indus Towers Limited (Indus), in which ABTL holds a 16% stake, is a
joint venture between the Bharti group, Vodafone Essar group and the
Company (through ABTL), and provides passive infrastructure services in
15 service areas.

Fixed Deposits

Your Company does not accept or hold any deposits and as such, no
amount of principal or interest on fixed deposits was outstanding on
the date of the Balance Sheet.

Corporate Governance

The Company is committed to maintain the highest standards of Corporate
Governance. Your Directors adhere to all the requirements as provided
in Clause 49 of the Listing Agreement which relates to Corporate
Governance.

The Ministry of Corporate Affairs has issued a set of Voluntary
Guidelines on ‘Corporate Governance and ‘Corporate Social
Responsibility in December, 2009. These guidelines are to serve as a
benchmark for the corporate sector, and also help in achieving the
highest standard of Corporate Governance.

Some of the provisions of these guidelines are already in place and are
covered in the Corporate Governance Report. The other provisions of
these guidelines are being evaluated and your Company will strive to
adopt the same in a phased manner.

A detailed report on the Corporate Governance, together with a
certificate from the statutory auditors confirming compliance with the
conditions of Corporate Governance, forms part of this report.

Board of Directors

Consequent upon change in nomination by Axiata Group Berhad, Dr.
Shridhir Sariputta Hansa Wijayasuriya ceased to be a Director on the
Board of your Company with effect from January 22, 2010 and in his
place Mr. Juan Villalonga Navarro has been nominated. Mr. Navarro has
been appointed as an Additional Director on the Board of your Company
with effect from January 22, 2010. Further, Dr. Hansa Wijayasuriya has
been appointed as an Alternate Director to Mr. Navarro with effect from
January 22, 2010.

As per the provisions of Section 260 of the Companies Act, 1956, Mr.
Navarro will hold office upto the date of the ensuing Annual General
Meeting of the Company.

Your Company has received a notice under Section 257 of the Companies
Act, 1956 together with the requisite deposit from a shareholder, in
respect of Mr. Navarro, proposing his appointment as a Director on the
Board of the Company. The Resolution seeking approval of the members
for his appointment as Director has been incorporated in the Notice
convening the Annual General Meeting.

In accordance with the provisions of the Companies Act, 1956 and the
Articles of Association of the Company, Mrs. Rajashree Birla, Ms.
Tarjani Vakil, Mr. Arun Thiagarajan and Mr. Biswajit A. Subramanian
retire from office by rotation, and being eligible, offer themselves
for re-appointment at the ensuing Annual General Meeting of the
Company.

Brief profiles of the Directors proposed to be appointed / re-
appointed as required under Clause 49 of the Listing Agreement are
annexed to the Notice convening the 15th Annual General Meeting forming
part of this Annual Report.

Conservation of Energy, Technology Absorption, Foreign Exchange
Earnings & Outgo

The particulars as required to be disclosed pursuant to Section
217(1)(e) of the Companies Act, 1956, read with the Companies
(Disclosures of Particulars in the Report of Board of Directors) Rules,
1988, are given to the extent applicable in the Annexure ‘A forming
part of this Report.

Particulars of Employees

In accordance with the provisions of Section 217(2A) of the Companies
Act, 1956, read with the Companies (Particulars of Employees) Rules,
1975, the names and other particulars of employees have been set out in
the annexure to this report. However, in terms of the provisions of
Section 219(1)(b)(iv) of the Act, the report and accounts, as therein
set out, are being sent to all the members of the Company excluding the
aforesaid information about employees. Any member, who is interested in
obtaining such particulars about employees, may write to the Company
Secretary at the Registered Office of the Company.

Directors Responsibility Statement

Your Directors affirm that the audited accounts containing the
financial statements for the Financial Year 2009-10 are in conformity
with the requirements of the Companies Act, 1956. They believe that
the financial statements reflect fairly the form and substance of
transactions carried out during the year and reasonably present the
Companys financial condition and results of operations.

Pursuant to Section 217(2AA) of the Companies Act, 1956, the Directors
confirm that:

a) in the preparation of the annual accounts, the applicable accounting
standards have been followed other than the accounting treatment for
the court approved Scheme(s) of Arrangement which have been explained
in the relevant notes to the Accounts;

b) the accounting policies have been applied consistently and
judgements and estimates made are reasonable and prudent, so as to give
a true and fair view of the state of affairs of the Company at the end
of the financial year and of the profit of the Company for that period;

c) proper and sufficient care has been taken to the best of their
knowledge and belief for the maintenance of adequate accounting records
in accordance with the provisions of the Companies Act, 1956, for
safeguarding the assets of the Company and for preventing and detecting
fraud and other irregularities;

d) the annual accounts have been prepared on a going concern basis.

Auditors

Your Companys Statutory Auditors, M/s. Deloitte Haskins & Sells,
Chartered Accountants retire at the conclusion of the ensuing Annual
General Meeting. The Statutory Auditors have confirmed their
eligibility and willingness to accept the office on re-appointment. The
necessary resolution seeking your approval for re-appointment of
Statutory Auditors has been incorporated in the Notice convening the
Annual General Meeting.

Auditors Report and Notes to Accounts

The Board has duly reviewed the Statutory Auditors Report on the
Accounts. The observations and comments, appearing in the Auditors
Report are self-explanatory and do not call for any further
explanation/clarification by the Board of Directors under Section
217(3) of the Companies Act, 1956.

Management Discussion and Analysis

The Management Discussion and Analysis Report for the year under
review, as stipulated under Clause 49 of the Listing Agreement is
presented in a separate section forming part of the Annual Report.

Appreciation

Your Directors wish to express their sincere appreciation to the
Department of Telecommunications, the Central Government, the State
Governments, bankers and the business associates for their excellent
support and look forward to continued support in future. Your Directors
wish to place on record their appreciation to the employees at all
levels for their hard work, dedication and commitment, which has
enabled the Company to progress.

Hi CB, I bought TIMKEN again at 229. But now at 224. Can I hold for 235 target? :(

Hi SAI,

Thats just my personal view, please take a decision by your own and not entirely influenced that :)

Thank You ( Waiting for CB/KB to come online :))

Hi CB, hi CB, , what to do with bajaj auto , i have to exit before 12.00 should i exit at cmp 1343 or any upmove expected till 12.00
thankss.

Hi SS, Good morning

Hi subramani, hold it. can test 35 again

Hi mayank, its move depends on the outcome of the rbi meet. would advice to hedge it with a call if holding in futures.

Hi rameshb, yes, if breaks 1340, exit from it for now

Hi subramani, it can be checked on any pink paper ... Economic Times (epaper also)

Cb sir...Gud Mrng...
Sir i am holding Provigue@39 in cash for intraday...what should i do...
also Ranbaxy@545 in future...what should i do

Hi CB, Cb ranbaxy @ 538 not moving anywhere...buy price wat say will it go up tensed...and also tell me shld i buy mcleod russel at cmp ?

when shoul i book in SBI 2300CE

Hi CB, OK will will do. how is united sprit for short term can it be entered now?

What time is the RBI announcement expected for today ?

CB making huge loss in 5600 CE.. pls suggest something to cover up the loss..

Hi Shiv, as of now no call. need to wait till rbi meet outcome.

Thanks CB sir...
Sir bought 1 lot [email protected] should i do...

Hi CB, Thnxs tiger ..have to go to tuts will catch u around 1 hope u will be online tc ve awesome day

hey cb,
can v enter in 5500ce?

Sir today at what time will come the RBI POLICY ? I am holding :
5500 CALL at 70 Rs NOW CMP is 45,
HDIL CE at 2.9 (11 LOT) at 2.9 CMP is 2.2,
RELIANCE 940 CALL at 11 Rs now CMP is 4 rs.
SBIN 2350 CE at 32 rs now CMP is 10.80

Please suggest sir for all these four ..all are in loss

Hi CB, Ok. People are expecting that it will see UC today? Possible?

Hi ABC, hold with sl at 173

Hi himanshu, not sure yet

Hi Ary, would advice to exit from pe for now

Hi raj gupta, yes, hold longs. keep sl at 5400 on nifty

Hi Akash, no, seems unlikely

should i exit SBI 2300CE now and re-enter after rbi announcement

I have already bought Avon corp 3000 qty at 5.... n I want to recover my loss of 15k... cmp of Avon is 4.90 shoild i buy 2000 more....

Hi CA.Tejas, no, don't add more of it yet.

Oh but then is there something else that I can buy to cover the loss:(

CB sir i am holding 5600 CE...where to exit

Banks are trading positive. May be positive news from RBI :-)

Hi CA.Tejas, hold them. don't add more.

Hi Chinny, hmm.

Hi CA.Tejas, no, nothing new yet.

Hi CB, thanksss.....

CB,
I have entered JB CHEM @ 133 this morning...what do u suggest?
Also GITANJALI?

ill be back in 30 min

ok cb.,
when to exit from 5400pe bought at 70??

Thanks.

But I had a query: A hike is a hike, be it 0.25 or 0.50...then what will turn the market positive even if it is a 0.25 hike?

Hi CB,

What about Unitech ? Buy or Sell (intraday cash) ?

Hi Ary,

The market has supposedly already factored in the hike of 25 bps, so apparently it wont be that bad, hence there are chances that it may increase if its only a 25 bps hike

Hi Manish Soni, IDFC can be bough at cmp in small qty and waitfor IRB it will come to 155...

Why mkt is going down... is RBI policy out

i think it is profit booking of promoters due to rbi policy.. before affect of good news

25 bps hike..

hi godse

hi cb,godse. sun tv moving nicely , is it a good time to enter for 10 % gain?

Hi gayaram,himan..., GA

hey cb.. can v exit 5400 put??

repo & reverse repo hiked by 25 bps CRR unchanged

It was expected so why mkt is not moving up...

hi cb and all good morg . Be ready for next bull run . . .morg i told here only .25 rate hike . . Hi tejas gupta . . Can i average 5600 call now

Hi CB,
i have 150 vikash metal @ 19, when will reach to that value.
Please...........

Hi CB, What to do with SAIL short?

Hi Chinny, enter a 140 call for now to hedge

Hi JR, yes, sl at 5400

CBji

I have shorted RELCAP @ 551 for intraday, wt should i do?

CB,
As like your instruction i can sale zee news with 13.20 yesterday, thanks for this advice.

cb my tata motor call1050 not moving trading 990

Hi arun bj, yes, hold it. can see 1010

CB, should i cover idea?? had shorted at 74.65?? or should i wait?? will it come down??

Hi Achauhan, yes, exit from short for now

Hi CB, Thanks. Anything to buy now?

hi cb nila infra down by 12% , is it a good chance to accumulate more

Hi SM, yes, can sdd some.everonn can add 4-5. tata coffee can see around 848

Hi Chinny, you may enter oracle.

Thanks CB.

Hi Achauhan, most welcome.

Hi MBA tejas gupta, yes, hike by .25 basis points.

hi cb, holding 5300 pe, exit or hold ????

shall i buy 5500CE

Hi CB,

Your view on my RIL July Fut holding @ 910, please.

Hi CB, Whay MRPL not moving as expected? Holding 85 call @ .75. CMP .50.

Nifty going down again. JP and MRPL too.. Why?

cb can i enter reliance call 920 its near strong support level . .

shall i go long in SBI and RCOM

Hi GODSE, what source made u to give this call? pls share with me? surprised!

5500 ce at 41 exit

Hi raj gupta, hold with some time

Hi Mohan, enter a PE to hedge

Kartik,

MKT is again down ???

JAICORP has made 52 week's low today...??

we can buy this script ?

pls advice

Hi Ravi, hold for now. keep sl at 5400

Hi SM, dont add jai corp yet. nifty may remain volatile today

Hi naresh, no, not yet

Hi arun bj, hold it for now. keep sl at 980.

Hi Kartik, Thanks! Is there any upmove to be seen if market appreciates?

Hi Mohan, yes, if holds onto 5400 for some time, can see some bounce.

Hi gayaram,
no such source , i did both buy -sell -buy ,41.20-48-41, but unable to post due to connectivity problem

Hi CB, Nifty seems to have kicked back from ~ 5405 level 3 times.

Hi CB, Can we enter DLF 220 put for tgt of 215?

ill be back in 30 min..

Hi CB, Shud I continue to hold TIMKEN?

Hi Cb,

How about money matter now , moving 5% daily , promoters increased theri stake, can we enter for short term?

hi cb sun tv moving nicely , is it a good time to enter for 10 % gain?

HI GODSE - NICE JOURNEY...... GOOD AFTERNOON

Hi CB,

Please come in.

All are enjoying the 0.25 bps hike I guess. Someone please help us needy guys also.

Hi CB/Karthik?

Hi CB, GA, holding 5600 ce @ 15. CMP is 19. hold or exit?

i got to go. shall be back by 2.45pm,,

Thanks. Anyone can please help with HDFC PE...

GA guyss. ..

Hi CB

Heard that IVRCL infra declared dividend of 30%. I am having 200 shares. how much I can Get?what will be its last date?

HI KB GA. CLD N'T C U ONLINE FROM MORNING??

Hi CB, kartik & all experts - What will be the expected stoppage station of Nifty Fut. Is 5450, 5420, 5400.

Good Afternoon All ...

Hi Sunil Rao Sir!!!!

Holding Nifty 5500 call at 59 and Uco bank long..Please suggest that whether I should continue holding that or not??

Thanks!!!
Nascar

Hi SAI, GA. .. Raining & tree fall on electric line ... :(

Hi Sunil Rao, GA

Hi Sunil Rao, Any calls now? Holding JP long 2 lots and SAIL short 2 lots. What to do?

Hi Kb, Kb ke electric line par tree girneke vajese humain market main kamzori dekhne mile hi ...kal agar line theek hoti hai toh up move :)

HI Kb Take it easyyyyy..............we are in India

Hi Sunil Rao GA - Booked one lot in 5300pe. Holding one. verymuch risky.......?
Hi gayaram GA

Rural Electrification Corporation Ltd. short 184 target in three days :)

Hi divya, GA, Hold it with strict SL @ 2195, and book on rise near 2225.

Hello all experts - Where can Nifty fut take stop and what is the view about 5600 call @15.50.

Hi Sunil Rao, holding jswsteel 900 ce at 20 and it is half the rate. shall i exit now to safer the rest.

Hi Sunil Rao, GA.

Hi thavva GA did u cleared yr call??

hi sunil. your views on MRPL?

Can I buy IDFC at cmp

Hi SAI, yes, cleared @ 20.5.

Hi arun bj, continue to hold your CE for some more time, Markets have been very volatile lately

Hi CA.Tejas, no, not yet

Can I buy IDFC or IRB at cmp...

hi "KARTIK", holding "RENUKA" future from 66 , in loss now u r suggestion pls

Hi Kartik, GA, Most Welcome. Welcome Back.

Hi Kartik, GA

Hi MICKY, GA .. :)

Hi Kb, GA

how does REC look for a day or couple?

Hi Kartik, Ok. What tgt we can see?
Holding JP long @ 84.50. CMP 82.50. Hold or exit?

hi "KARTIK" , ok, thank you

Hi Kartik, ok thanks,,,,,,,,,any 1 among dcb, renuka, punj lloyd, ivrcl infra for 1 month??

Hi RAMESHB, Nila can be bought in small qty...

Hi SAI, Book profits in 5300pe near 5385 today itself, we may see a bounce tomorrow.

THANKS TEJAS AND KARTIK

HI KArthik, I bought IDFC @ 121 for medium term investment say 6 months. Is it a wrong decision.

Hi shrikanth, looks weak as of now, exit from it and re-enter at lower levels

Hi Ravi, keep a SL at 5380

Hi CA.Tejas, no, not yet

Hi RAMESHB, most welcome

Hi Piyush, hold it for Short/MId term, dont add more of it yet

Hi dhiva, no, wait for some time

Sir why mkt is going down... and RBI hike was expected...

Hi Roy, GMDC can do well, Timken can see some consolidation ahead

Hi Kartik, Shall i book in SAIL @ 137.50 or hold till tomorrow?

Ok ...sir should i carry my RENUKA buy for tomarrow

Hi karthik
holding IVRCL infra @76 100 shares. how much I can get as a dividend

Hi Kartik, Can hold till expiry. Can it act as hedge for JP and MRPL longs?

Hi Chinny, ok, yes, if Markets continue to remain weak

Hi kishore, Re 0.60 per share

Hi Kartik, Thanks for your guidance! Was getting anxious. Market is not really for the faint hearts ;-)

Can we buy MRPL futures now for 1 week?

Hi Sunil Rao,
why do u think we wud go up tommorow or next week?
thanks

i am holding SBI 2300Ce at 17..pls suggest should i exit now or hold till tomorrow

cb what can i do holding nifty call5600 at 30 now 12 rs . . Can enter 5500 pe to reduce loss . .

Hi Kartik, wht is ur view on nifty??????...........

hai kartik! why is ambujacem falling down like anything for the past two days?

Hi SS, below 1100 it looks weak, better avoid it

Hi vipul, next support at 5380-70, look weak as of now

Hi arun bj, hold it, wait till tomorrow

Hi ganesh, there's a dip in cement demand and prices due to the onset of the monsoon season

karthik............wats ur view on TATA MOTORS AND PETRONET LNG? I'm holding TATA MOTORS 900 [email protected] and PETRONET LNG 160 [email protected] for the current series. Can TATA MOTORS see levels close to 900- 920 and PETRONET LNG levels close to 150-155 in the next 4-5 trading days?
plz reply.........

Hi Kartik,
i still have 5600 CE @58...wat do i do..i m in havy loss...

Hi ganesh, There is a probe going on in cement majors by SFIO regarding cartelisation... hence they are trading weak in addition to the negative sentiment in the market

Hi Kartik,
Would you advise on TIL Ltd?

Hi,

I am holding andhra bank @144... now @136....
shall i hold or book loss? if hold means, how long?

Thank you...

HI CB,
WHAT ABOUT RELIANCE SOME OF TOLD THIS ALSO INVOLVEDIN SCAM.SO IT COMING DOWN.IS IT TRUE.WHERE IT WILL TAKE SUPPORT PLEASE GIVE ADVICE.BZ I BOUGHT IN FUTURE AT 920

sir i buy tata steel @571/ 25 units what about tomorrow(17.06.11).....

Hi Wasey, has been posting weak results lately, dont enter it for Short/Mid term at CMP

Hi dhiva, looks weak, dont make fresh entries for Swing trades

Hi CM Raghu, hold with a sl at 133

Hi amit, likely to trade flat, enter a PE to hedge

Hi gayaram, continue to hold JSW for Short term, lets wait to see how Dow reacts tonight

Hi PRABU, technically it looks weak below 990, if long, book profits in it

Hi r h, enter a PUT for HDFC and SBIN to hedge, keep the Nifty CE for some more time

Hi...

Jai corp has made 52 week's LOW ?

can we enter ?

coming week can see some good upmove ?

Pls advice

Kartik,

What level can be seen ?

up/down both ?

pls advice

cb sir,
now i wait for reliance or exit (buying price in future in 920) .wheather scam is true or not in reliance

Nify predictions for 17 june 11 ??

Hi SM, can correct upto 115

Hi Chinny, hold both them of them for another 2-3 days

Hi Pradeep, seems to have given a small technical bounce, hod it for 1-2 days

Hi PRABU, book profits in it, not sure of any scam news on it yet

Hi nifty tips, shall have to wait to see how U.S Markets open up

So shall I wait for sometime and see karthik.. bcoz i m in a 54% loss in this stock.. bought at 33.4.. plzz let me know.. I'm ready to hold it or go aggressive and buy more if its fundamentally good and if it can give good returns in long term. Please help me.

Hi vamsi, Yes, hold it, Fundamentally it looks good, dont add more of it yet, lets wait to see how its current quarter results are

Hi PRABU, oh sorry, enter a PE to hedge, it looks weak technically below 1000

thanks sir.

Hi Kartik, Hello dear , can u temme anything about AANJANEYA and Gulf Oil Corp ??
I am in buy position in both of this ??
what target u suggest in both of this counter ??
any chances in both this counter to go up by 5-8 % tommorow ??

thank you karthik..

hey kartik
wat abt nifty tomorrow?
us markets in green
can v see bounce in nifty tomorrow?
i m holding 5500ce@45

Hi himanshu, seems we can see a bounce, try to book profits on rise

hi kartik,
shall i buy RELIANCE 880PE? pls suggest

i wont to buy axis bank . i can buy this leval ?

hi Sunil. Your views on MRPL now?

hi kartik,
shall i buy RELIANCE 980PE? pls suggest (TYPE ERROR INSTEAD OF 980 IN PREVIOUS POST)

Hi himanshu, we can add some gains tomorrow, exit form 5700 on rise, hold 5600 for some more time

Hi dhiva, Yes, can be entered with a Sl at 910

Hi Kb, GE

Hi Kb, GE :)

Hi CB / Kartik / Sunil Rao / thavva / Kb / All , GE :)
Was busy with some work the whole day. Could not trade or come to nseguide. Hope you all had a great day...

Hi Sunil Rao, ok thanks for info

Hi Abdullah, GE :)

Hi GODSE, GE

Nifty levels for tommoro
R-1/ 5411 /R-2/ 5432 /R-3/ 5468 /
S-1/ 5375 /S-2/ 5353 /S-3/ 5320 /
DOW TURNED LITTLE POSITIVE ,
let us see how our market reacts,

Hi BULL, hmm, it would be better if you contacted them directly: http://www.ventura1.com/

Hi thavva, GE :)

Hi Abdullah, GE, Even i wasn't online till about 2pm due to connectivity issues. But could manage a trade even after that :)

Hi suzane, Most Welcome.

Hi GODSE, GE :)

Hi gayaram, GE :)

Nifty review Today and Market Trend for 17 June 2011

Nifty Tips for tomorrow

Markets succumbed to selling pressure in the last leg of trade after Reserve Bank of India raised rates by 25 bps which may weigh on margins and profitability of India Inc as loans would become more expensive. The S&P CNX Nifty finally closed near day’s low at 5396.75, down -50.75 points or -2.48 %.

The Nifty futures closed and settled finally at 5409 down by -41.60 points or -0.76 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5350 else above resistance level of 5460 it would be in an upward trend.

RESISTANCE:

It has first resistance close to the level of 5460 & above this level the next resistance is seen near the 5540 mark.

SUPPORT:

It has first support close to the level of 5350 & below this level the next support is seen near 5230 mark.

Bank Nifty Futures Tomorrow (Friday 17 June 2011)

In banking, CNX Bank Index lost -54.50 points or -0.51 %. Amongst the banking stocks Bank of Maharashtra, Union Bank of India and Punjab National Bank lead the row.

Bank Nifty Futures shut stop at 10601 down by -35.40 points or -0.33 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 it would be in an upward trend.

RESISTANCE:

It has first resistance close to the level of 10750 above this level the
next resistance is seen near to the level of 10990.

SUPPORT:

It has first support close to the level of 10500 & below this level the next support is seen near 10330 marks

Buy Unichem Above 160.10 for the targets of 161.40-163.00 Stoploss- 157.70

Below 157.50 Sell Unichem for the targets of 155.50-155.00

You guyz think market will take major support of 5350 again...... Share ur views.

Hi airbites, FOR SURE will bounc back again morrow

Hi MICKY, Yes, looks weak below 130

Hi arun bj, Yes, trading weak with the Markets lately, if possible hold it for another 1-2 weeks time

Hi airbites, next support at 5370-3580, below which we could see some more downside

Rural Electrific also tell me if i short it ?

Hi Kartik / CB / All, Below mentioned link is worth having a look. Draw your own conclusions...

http://newsclick.in/india/reliance-kg-gas-scam

Hi Kartik sir i have bought tata motors 1050 June CE @ 9.55 now its at 6.55 what should i do ? please guide me..

Hi Sunil Rao, Nice ... in fact, GREAT :)

Hi Abdullah, which one ce or pe

Hi Abdullah, Was quite a quick trade. Bought @ 24.5, booked part @ 33.5 and full @ 39.5 :)(as sunil said ???????????????

hi godse abdullah yesterday mornng i PUt query regarding apollotyre ce 80 to buy @ 0.30 but no one answered and it hit 0.85 closed @.50. should I enter into this today pls advise

Hi sanjeev, Apollo tyre looks good. Can enter a 75 or 80 call. But better not to buy in the first few minutes of trade. I believe some profit booking can come in. If so, then try to enter at a lower level around 75.50-75. SL will be 72. Levels mentioned ---> CASH

Hi CB, Most welcome :) Got to sign off. Have a good night...

Hi Abdullah, :) have a good sleep. Good night.

HI ALL,
I AM STARTING MY PAID SURE SHOT NIFTY FUTURE SERVICE(95%-97% ACCURACY) FROM 20TH JUNE,MONDAY AS A FREE OF COST. I WILL POST 1-2 TIPS DAILY ON THE PORTAL HOPE YOU ALL WILL BE BENEFITED BY THIS AND WILL LIKE IT MOST.

Hi PRABU, Yes, its negative for the stock

Hi MICKY, Good morning