Howare you reading the Nifty’s movement this morning and how would you playthe index?

Actually marketswere waiting for one negative news to flow in for them to correct and the Dubaicrisis gave that news for markets to go down, it was more of a knee jerkreaction. Most of the Indian companies which have exposure to Dubai markets cameout with clarification as to the extent of losses that they might have tosuffer, which was way below the expectations and we saw that the market bouncedback in the second half and going forward today one thing that will have to waitis around 11:30 Dubai markets would open, we would have to see the reaction inDubai market. for traders that is very important but for investors any fall inthe market is a buying opportunity for longterm.

Right,tell us about auto as a pack because now we are talking about a price hikecoming in mainly because the input side has become dearer for the companies, sostocks like M&M and Tata motors, how would you really playthat?

definitely if you look atauto sector this is one sector which is exhibiting top line growth unlike othersectors and we have seen that the profits also have seen significant jump andthe cause of concern for most of these auto stocks was the increase in the rawmaterial prices and the commodity prices which will get factored in once theyraise the price of their vehicles. So what they are doing is the rise incommodity prices or rise in raw material prices being passed onto the endbuyers. So all said and done, this is one sector which will benefit and this isone sector which is seeing strong momentum growth and seeing strong top linesales and this will continue for few more quarters tocontinue.

Howare you reading the Nifty’s movement this morning and how would you playthe index?

actually marketswere waiting for one negative news to flow in for them to correct and the Dubaicrisis gave that news for markets to go down, it was more of a knee jerkreaction. most of the Indian companies which have exposure to Dubai markets cameout with clarification as to the extent of losses that they might have tosuffer, which was way below the expectations and we saw that the market bouncedback in the second half and going forward today one thing that will have to waitis around 11:30 Dubai markets would open, we would have to see the reaction inDubai market. For traders that is very important but for investors any fall inthe market is a buying opportunity for longterm.

Right,tell us about auto as a pack because now we are talking about a price hikecoming in mainly because the input side has become dearer for the companies, sostocks like M&M and Tata motors, how would you really playthat?

Definitely if you look atauto sector this is one sector which is exhibiting top line growth unlike othersectors and we have seen that the profits also have seen significant jump andthe cause of concern for most of these auto stocks was the increase in the rawmaterial prices and the commodity prices which will get factored in once theyraise the price of their vehicles. So what they are doing is the rise incommodity prices or rise in raw material prices being passed onto the endbuyers. So all said and done, this is one sector which will benefit and this isone sector which is seeing strong momentum growth and seeing strong top linesales and this will continue for few more quarters tocontinue.

Optical diagnosis using high-definition white light and nonmagnified narrow band imaging was accurate for diagnosing polyps sized less than 10 mm and may also be cost-saving.

The findings of this prospective study demonstrated that assessment of small polyps and planning of surveillance using optical diagnosis resulted in the same recommended surveillance interval as indicated by pathological assessment in most cases, according to an accompanying editorial by Douglas K. Rex, MD, professor of medicine at Indiana University School of Medicine in Indianapolis.

Researchers examined data from patients with a positive fecal occult blood test or previous adenomas who were under surveillance from June 2008 to June 2009. two expert colonoscopists, one trainee and one specialist nurse performed the procedures.

In 130 patients, 363 polyps sized less than 10 mm were resected. there were 278 polyps that had both optical and histopathological diagnosis. eighty were non-neoplastic lesions and 198 were adenomas.

When using white light alone or white light with narrow band imaging (NBI, Olympus) and chromoendoscopy, optical diagnosis correctly diagnosed 186 adenomas with sensitivity of 94% (95% CI, 0.90-0.97). Diagnosis was also correct for 55 of 62 hyperplastic polyps with a specificity of 89% (95% CI, 0.78-0.95). overall accuracy was 93% (95% CI, 0.89-0.96).

Surveillance intervals using histopathology and optical diagnosis were the same in 80 of 82 patients (98%), according to the researchers. when using optical diagnosis, surveillance intervals would have been identical in 78 of 82 patients (95%) using U.S. guidelines and in 80 of 82 (98%) patients using British Society for Gastroenterology guidelines. Optical diagnosis would have resulted in an overall saving of 77% for the 130 patients.

“The resect and discard approach is poised to become a vast improvement in the cost-effectiveness of colonoscopy,” Rex wrote.

Ignjatovic a. Lancet Oncol. 2009;doi:10.1016/S1470-2045(09)70329-8.

More in the Journals>>

Howare you reading the Nifty’s movement this morning and how will you playthe index?

I think this istypical when you have negative news and you get a collapse worldwide. Wenormally get this knee-jerk reaction followed by a sharp pullback, so I am notsurprised partly on Friday and the follow-up today but I think if I was atrader, at least if I bought on Friday, around these 5000-5050 levels, there isa lot of resistance now, so I at least would book my trading profits if I didanything on Friday and then just sit quiet and let the market settle down, maybe even today or tomorrow and then take a fresh call.

I think that should be idealbecause I do not think these things go away very fast. We get the knee-jerk andthe pullback but then it drifts for sometime, so I think give it a day or two.Otherwise, I think the market is still fairly okay. I am glad we bounced back onFriday because 4900 for me is very crucial level on a closing basis,that’s 4910 is roughly the 50-day exponential moving average, so once itstarts to close below that and it gets a little problematic, so the fact that ithas bounced back above it, I think that’s a good thing that happened onFridayitself.

Nowmarkets are likely to be range bound and what kind of a trading range would yoube watching out at least for the session today and also tell us about the MSCIIndia rejig? We believe that’s going to be active with effect today, itstarts after markets close. how would stocks like HDIL and Suzlon behave afterthey get into the MSCI index?

since status has beenannounced early on, I think if anybody has a portfolio based on that, a lot ofthe churning must have already happened. I think the interesting thing fromFriday’s move will be particularly Suzlon. I think that surprised quite abit of traders also for that stock to be up 5-6%. 76-76.5 is a crucial level, Ithink if it takes that, although it is not one of my favourites to trade, but Ithink if it does takes that out, the 76 range, then its probably headed towards84-85 but if it even reaches there, then I think that’s a good exit levelfor anybody that is stuck.

Howare you reading the Nifty’s movement this morning and how would you playthe index?

actually marketswere waiting for one negative news to flow in for them to correct and the Dubaicrisis gave that news for markets to go down, it was more of a knee jerkreaction. most of the Indian companies which have exposure to Dubai markets cameout with clarification as to the extent of losses that they might have tosuffer, which was way below the expectations and we saw that the market bouncedback in the second half and going forward today one thing that will have to waitis around 11:30 Dubai markets would open, we would have to see the reaction inDubai market. For traders that is very important but for investors any fall inthe market is a buying opportunity for longterm.

Right,tell us about auto as a pack because now we are talking about a price hikecoming in mainly because the input side has become dearer for the companies, sostocks like M&M and Tata motors, how would you really playthat?

Definitely if you look atauto sector this is one sector which is exhibiting top line growth unlike othersectors and we have seen that the profits also have seen significant jump andthe cause of concern for most of these auto stocks was the increase in the rawmaterial prices and the commodity prices which will get factored in once theyraise the price of their vehicles. So what they are doing is the rise incommodity prices or rise in raw material prices being passed onto the endbuyers. So all said and done, this is one sector which will benefit and this isone sector which is seeing strong momentum growth and seeing strong top linesales and this will continue for few more quarters tocontinue.

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Talks were on with Chinese vendors, said Anoop Mathur, president of M&M’s two-wheeler division. China is the largest two-wheeler market in the world; India is next. M&M has three 125-cc scooters —two power scooters, Mahindra Rodeo and Duro, and Mahindra Flyte. It plans to launch a motorcycle next year.

The three scooters are priced between Rs 38,300 and Rs 41,300 (ex-showroom, Ahmedabad). Though priced in the same range as Hero Honda Pleasure and TVS Scooty Pep, these are 5-6 per cent cheaper than market leader Honda Activa and have an engine that is 12-18 per cent larger. These are also 8-12 per cent cheaper than Suzuki Access. The company feels the pricing is strategic and sustainable. While Mathur declined to give details, he said sourcing components from China could give M&M an advantage in pricing.

As for the existing Kinetic models that Mahindra now markets, including Nova, Kine and 4S, the company is yet to take a decision on whether to phase out these in the long run. Mahindra had acquired assets of Kinetic Motors in 2008. Kinetic had launched Flyte, with a 125-cc engine, in 2007.

“We want to be present as an end-to-end player in the two-wheeler space and will take a call on these Kinetic models depending on the market feedback. We are looking at positioning our products uniquely,” Mathur said. Currently, it is targeting the adult stylish male for the Rodeo, while the Duro is targeted at the entire family. The Flyte is for the woman commuter.

“In the 40 days since our launch, we have sold around 7,000 units on an average per month”, said Sanjay Mittal, vice-president, sales and customer care, Mahindra two-wheelers. The company has an annual manufacturing capacity of 500,000 two-wheelers at Pithampur, near Indore, in Madhya Pradesh.

Mahindra’s two-wheelers have 325 dealers. The plan is to take this to 375 by the end of the financial year. “Around 200 Kinetic dealers came in and the rest are our existing tractor and utility vehicle dealers,” Mittal said.

The two-wheeler market has been clocking a 15 per cent growth this financial year. The scooters segment is dominated by Honda Motorcycles and Scooters India, which have a 53 per cent share, followed by TVS & Hero Honda with 21 per cent and 14 per cent, respectively, and Suzuki with 8 per cent.

MUMBAI:Indices were on a firm foot on Wednesday as buying activity resumed across theboard ahead of November series expiry. However volatility later in the daycan’t be ruled out.

At 12:29 pm, Bombay StockExchange’s Sensex was at 17269.62, up 138.54 points or 0.81 per cent. The30-share index hit an intra-day high of 17284.30 and low of 17124.15.

National Stock Exchange’s Nifty was at 5123.25, up 32.05 points or0.70 per cent.

“Nifty depicted signs of weakness on shortterm charts with formation of distributive patterns. Short term oscillators havebeen depicting sign of weakness for some time. Despite the divergence the indexso far continued to form higher peaks and troughs. Failure to rally past 5110would lead to increasing weakness in the index. Short term supports are placedat 5050 and below that at 5020 while 5110 remain crucial supply zone. Trenddecider level remains at 4900 and 5185 which may lead for unfolding of a biggermove,” said Edelweiss report.

BSE Midcap Index was up 0.77 percent and BSE Smallcap Index gained 0.93 per cent.

amongst thesectoral indices, BSE Oil&gas Index was up 1.76 per cent, BSE Metal Indexmoved 1.33 per cent higher and BSE Auto Index gained 1.10 per cent. BSE RealtyIndex was down 0.22 per cent.

Reliance Industries (1.90%), Mahindra& Mahindra (1.75%), Hero Honda (1.66%), Maruti Suzuki (1.61%) and ITC(1.46%) were amongst the top Sensex gainers.

DLF (-0.86%), NTPC(-0.46%), ICICI Bank (-0.42%), Tata Power (-0.34%) and Wipro (-0.14%) wereamongst the top losers.

Market breadth was positive on the BSE with1608 advances and 913 declines.

1 it has rained for a total of 38 consecutive days in Fermanagh.

2The longest recorded rainfall ever in the UK was 49 days on the Isle of Skye.

3In the first 15 days of November, 214.9mm of rain fell in Fermanagh.

4A total of 185mm of rain had fallen from November 15 to yesterday.

5The average for the whole month of November is 121.5mm.

6In the last six weeks there have only been two dry days.

7Pensioner Annie Martin has been stranded in her home for the last eight days. Her son has had to row to her house with provisions.

8The flood levels are now at 915mm.

9The Rivers Agency says this is a one in a 1000 years event.

10 Once it stops raining, it will take more than a week for the flood waters to subside.

11 Dairy farmer Bertie Swan has 100 acres of land, 50 of these acres are under water.

12 Twenty-five Rivers Agency staff were available in the region for response to flood calls, while a further five Rivers Agency staff assisted the Roads Service at Quay Link, Enniskillen.

13 110 soldiers in off-road trucks and flat-bottomed boats have been deployed to the worst-hit areas.

14 28 pupils in Moat Primary School have had to take lessons at Teemore Church Hall, Derrylin.

15 Four pupils at Lisnaskea High School have not been able to get to school.

16 11 staff at Killyhommon Primary School have had to resort to getting tractors to take them to work.

17 Thursday had the most rainfall — 45mm.

18 Approximately 700 sandbags were provided in Fermanagh, primarily in the Enniskillen area.

19 Daily feed of beef cattle in Lisnaskea is cut by 50% as farmers ration supplies for fear lorries will not be able to make it to their farms next week.

20 Rivers Agency expected another 20-30 mm of rain to fall overnight.

21 In preparation for winter floods the Rivers Agency, in conjunction with ESB, draw down the loughs in order to provide flood storage. The Upper lough was taken down to 45.78m during the second week of October and the lower lough was drawn down to 45.40m. these figures are the lowest permissible operational levels within the loughs.

22 Six independent traders on the Derrychara Link have been badly affected by the floods as no customers can access their shop without paddling over.

23 these shops have been inaccessible for the last six days.

24 Traders on the Derrychara Link have estimated they have lost 80% of their profits.

25 Hannah’s Toystore on the Derrychara Link usually gets approximately 120 till sales a day at this time of year.

26 Yesterday, Hannah’s Toystore had eight sales.

27 Traffic lights on the Derrychara Link stayed on red for an hour yesterday morning because of flooding disruption.

28 one lane of traffic was closed on the Irvinestown Road yesterday morning after a tree fell due to the floods.

29 three years ago, the Derrychara Link was raised by 18 inches to a height which exceeded any previously recorded flood level, and at the time it was deemed satisfactory as it was thought flood levels would never reach this high.

30 24 roads in Fermanagh are under water.

31 To drive through Enniskillen, 45 minutes will be added to the journey due to flood problems which in turn have caused traffic problems.

32 Workers who would normally only have to drive seven miles to get to work will have to drive 30 because of diversions.

33 None of the daily rainfall totals are of themselves in any way extreme or unusual for the time of year — it is the consistently wet weather which has resulted in cumulative flooding.

34 The levels of Upper and lower Lough Erne have risen a further 30 to 60mm from midday yesterday.

35 over the month of November, rainfall across Northern Ireland is running at 172.6mm, or 159% of the long-term average.

36 The level of water in Lough Erne has now exceeded Tuesday’s record-breaking 158 feet.

37 The majority of bus services going in and out of Enniskillen have been hugely disrupted for the last two days.

38 there are no plans to compensate businesses or farms for loss of earnings.

39 The Lough Erne level is currently at 153 feet, which is an all-time high.

40 The Road Service made the decision to raise the level of the main route to the Erneside Shopping Centre. 800 tonnes of stones were laid on top of the road before it was covered by Tarmac.

41 This job took 12 men 22 hours to complete.

42 there have been slow-moving weather fronts for the last 40 days and the west of Ireland has captured all the moisture off the Atlantic.

43 Many locals are submerged in five feet of water.

44 The Floodline here has received more than 900 calls about flooding across Northern Ireland.

45 The incidents logged for Fermanagh have increased by 60% in November compared to October.

46 Residents in Kilmore Quay have been the worst affected.

47 The Department of the Environment’s Scheme of Emergency Financial assistance is still in place and households affected by flooding have been told to contact their local council offices immediately to have their claims assessed.

48 Six calls were made to the Enniskillen police station about floods by lunchtime yesterday.

49 Shoppers at Tesco were stranded in the car park for more than an hour yesterday.

50 The UK record for the most rainfall on a single day was set in 1955 in a village called Martinstown in Dorset. Nearly 30cm of rain fell in 24 hours.

MUMBAI:Indices were on a firm foot on Wednesday as buying activity resumed across theboard ahead of November series expiry. However volatility later in the daycan’t be ruled out.

At 12:29 pm, Bombay StockExchange’s Sensex was at 17269.62, up 138.54 points or 0.81 per cent. The30-share index hit an intra-day high of 17284.30 and low of 17124.15.

National Stock Exchange’s Nifty was at 5123.25, up 32.05 points or0.70 per cent.

“Nifty depicted signs of weakness on shortterm charts with formation of distributive patterns. Short term oscillators havebeen depicting sign of weakness for some time. despite the divergence the indexso far continued to form higher peaks and troughs. Failure to rally past 5110would lead to increasing weakness in the index. Short term supports are placedat 5050 and below that at 5020 while 5110 remain crucial supply zone. Trenddecider level remains at 4900 and 5185 which may lead for unfolding of a biggermove,” said Edelweiss report.

BSE Midcap Index was up 0.77 percent and BSE Smallcap Index gained 0.93 per cent.

Amongst thesectoral indices, BSE Oil&gas Index was up 1.76 per cent, BSE Metal Indexmoved 1.33 per cent higher and BSE Auto Index gained 1.10 per cent. BSE RealtyIndex was down 0.22 per cent.

Reliance Industries (1.90%), Mahindra& Mahindra (1.75%), Hero Honda (1.66%), Maruti Suzuki (1.61%) and ITC(1.46%) were amongst the top Sensex gainers.

DLF (-0.86%), NTPC(-0.46%), ICICI Bank (-0.42%), Tata Power (-0.34%) and Wipro (-0.14%) wereamongst the top losers.

Market breadth was positive on the BSE with1608 advances and 913 declines.

MUMBAI:Indices were on a firm foot on Wednesday as buying activity resumed across theboard ahead of November series expiry. however volatility later in the daycan’t be ruled out.

At 12:29 pm, Bombay StockExchange’s Sensex was at 17269.62, up 138.54 points or 0.81 per cent. The30-share index hit an intra-day high of 17284.30 and low of 17124.15.

National Stock Exchange’s Nifty was at 5123.25, up 32.05 points or0.70 per cent.

“Nifty depicted signs of weakness on shortterm charts with formation of distributive patterns. Short term oscillators havebeen depicting sign of weakness for some time. Despite the divergence the indexso far continued to form higher peaks and troughs. Failure to rally past 5110would lead to increasing weakness in the index. Short term supports are placedat 5050 and below that at 5020 while 5110 remain crucial supply zone. Trenddecider level remains at 4900 and 5185 which may lead for unfolding of a biggermove,” said Edelweiss report.

BSE Midcap Index was up 0.77 percent and BSE Smallcap Index gained 0.93 per cent.

Amongst thesectoral indices, BSE Oil&gas Index was up 1.76 per cent, BSE Metal Indexmoved 1.33 per cent higher and BSE Auto Index gained 1.10 per cent. BSE RealtyIndex was down 0.22 per cent.

Reliance Industries (1.90%), Mahindra& Mahindra (1.75%), Hero Honda (1.66%), Maruti Suzuki (1.61%) and ITC(1.46%) were amongst the top Sensex gainers.

DLF (-0.86%), NTPC(-0.46%), ICICI Bank (-0.42%), Tata Power (-0.34%) and Wipro (-0.14%) wereamongst the top losers.

Market breadth was positive on the BSE with1608 advances and 913 declines.