Released on = March 31, 2006, 1:59 am

Press Release Author = INDIAN STOCK EXCHANGE

Industry =

Press Release Summary = Sensex cools off after a new high; Nifty moves south

Press Release Body =
. 3:30 pm : PVR jumped 4.49% at Rs 306.00 after its multiplexes at Indore and
Lucknow got the cinema operating licenses.

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. 3:15 pm : Pennar Industries surged 5.13% at Rs 14.35 after the company issued and
allotted 72,50,000 equity shares of Rs 5 each at a premium of Rs 1.50 per equity
share against the 72,50,000 convertible warrants that are eligible for conversion
during the financial year 2005-06.

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. 3:00 pm : Indus Ind bank moved up 6.83% at Rs 46.95.

Among the other banking scrips, UTI Bank moved ahead 4.47% at Rs 355.50, Allahabad
Bank jumped ahead 2.33% at Rs 79.20, whereas ICICI Bank moved down 0.35% and Rs
590.00 and SBI moved up 0.78% at Rs 973.00.

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. 2:45 pm : NTPC moved up 0.86% at Rs 134.25 after the company informed BSE that the
500 MW unit IV at Rihand Super Thermal Power (STP) Project will commence commercial
operation from April 01, 2006.

With the commercial operation of this unit, the total installed and commercial
capacity of Rihand Super Thermal Power Project would be 2000 MW.

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. 2:30 pm : Satyam Computer moved ahead 1.40% at Rs 857.50 the company allotted
72,142 equity shares through circular resolution on March 31, 2006 under stock
option plans of the company.

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. 2:15 pm : Videocon Industries moved up 0.96% at Rs 422.00 aftre a consortium
comprising of the company, GAIL, BPCL, HPCL and Oilex of Australia has been awarded
Block 56 in Oman for exploration and further development.

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. 2:00 pm : Bata India moved up 1.23% at Rs 238.05 after the company informed BSE
that the Board of Director of the company at its meeting held on March 30, 2006,
inter alia, in view of the losses, did not recommend any dividend for the financial
year ended December 31, 2005.

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. 1:45 pm : Godrej Consumer surged 5.93% at Rs 720.00 after it scheduled a board
meet on 26 April 2006 to consider a proposal of stock-split.

Among the other FMCG scrips, Mcdowell moved up 5.36% at Rs 783.00 and Dabur India
moved up 1.59% at Rs 124.50.

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. 1:30 pm : Tata Motors moved up 2.56% at Rs 931.00, Hero Honda Motors jumped up
0.65% at Rs 897.10.

Among the other auto scrips, Bajaj Auto moved ahead 2.39% at Rs 2,760.00 and Maruti
Udyog moved up 1.91% at Rs 871.50.

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. 1:00 pm : JK Paper moved up 4.18% at Rs 62.30 after the company issued 77,00,000
new equity shares of Rs 10 each, ranking pari passu in all respects with the
existing fully paid equity shares of the company, including dividend w.e.f. the date
of allotment i.e. March 30, 2006.

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. 12:45 pm : BHEL moved up 4.34% at Rs 2,228.90 is the top gainer of the day.

Among the other gainers of the day, Tata Motors moved ahead 2.03% at Rs 926.25,
Cipla surged ahead 2.98% at Rs 656.00.

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. 12:30 pm : Jet Airways moved ahead 4.48% at Rs 978.00 on reports that the company
will be able to take over the aircraft, routes, parking bays, landing slots and
hangars now vested with Air Sahara.

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. 12:15 pm : Sun Pharma moved down 1.20% at Rs 878.40 after the company allotted
216,007 equity shares of Rs 5 each of the company at a premium of Rs 724.30 per
share upon exercise of option of conversion for 3500 Zero Coupon Foreign Currency
Convertible Bonds of $1000 each (FCCB) into equity shares of the company by certain
FCCB Holders.

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. 12:00 pm : Gail surged 1.88% at Rs 322.00 after the company announced that a
consortium consisting of the company, Oilex Australia, Videocon, HPCL and BPCL has
been awarded Block No. 56 in Oman for exploration and production of hydrocarbons.

The company, Oilex and Videocon have 25% share participating interest each in the
consortium. Oilex Australia are the operators.

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. 11:45 am : BEML moved ahead 5.28% at Rs 1720.00 after the company announced that
the it has achieved a sales turnover of Rs 22016.50 million for the financial year
ended March 31, 2006 thus registering a growth of 18.62 percent over the previous
year.

The company was able to significantly penetrate into new export markets with
revenues of Rs 630 million.

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. 11:30 am : Bata India surged ahead 3.42% at Rs 243.20 continuing on previous
trading day\'s trend.

Among the other FMCG scrips, Dabur India moved up 1.71% at Rs 124.65, HLL moved down
1.92% at Rs 268.00 and ITc moved down 0.43% at Rs 198.00.

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. 11:15 am : Tata Steel moved ahead 1.10% at Rs 528.00, Hindustan Zinc moved up
3.50% at Rs 519.00.

Among the other metal scrips, Nalco jumped ahead 3.04% at Rs 301.80, Sesa Goa surged
2.29% at Rs 1,280.20 and Hindalco moved up 0.57% at Rs 184.40.

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. 11:00 am : Nahar Exports surged ahead 7.55% at Rs 84.00 after the company
announced a consolidation of the textile business under Nahar Spinning Mills.

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. 10:45 am : Torrent Power moved ahead 2.06% at Rs 220.00 after the company
announced the filing of 4 ANDAs and 3 DMFs as part of its launch plan for US
markets. 3 ANDAs have been filed for Metformin Instant Release, Sertraline and
Zolpidem, while the fourth was filed for Citalopram in the third week of March 2006.

Among the other power scrips, Tata Power surged 1.12% at Rs 580.00 and Reliance
Energy moved up 1.21% at Rs 620.00.

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. 10:30 am : IT major Wipro moved down 0.85% at Rs 559.00 after the company
announced to issue and allot 8400 equity shares of Rs 2 each pursuant to exercise of
the stock options by the eligible employees under the Wipro Employee Stock Options
Plans.

Among the other IT scrips, Infosys moved down 0.20% at Rs 3,029.00, TCS moved down
1.94% at Rs 1,930.00 and Satyam Computers moved ahead 0.46% at Rs 849.50.

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. 10:00 am : The markets opened on a positive note on Friday, following the highly
upward movements in the previous trading session.

The BSE Sensex opened 18.92 points up at 11,325.96 while the NSE Nifty opened 1.6
points up at 3,420.55.


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