>INSIDER TRADING 23-07-09

530721	ANG Auto Ltd	Fid Aus India Fund	--	S	164000		698225	5.57
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	1500	0.01	548783	5.22
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	1650	0.02	541789	5.16
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	1737	0.02	551396	5.25
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	276	0.00	549659	5.23
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	500	0.00	551947	5.25
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	51	0.00	551447	5.25
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	5494	0.05	547283	5.21
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	600	0.01	549383	5.23
532696	Educomp Solutions Ltd	Shonu Chandra	20/07/2009	S	3000		6312	0.33
512604	Haria Exports Ltd	Vilco Pharma Pvt Ltd	30/06/2009	B	300	0.00	587952
532636	India Infoline Ltd	Citi Group Global Mkt (Mauritius) Pvt Ltd	--	S	150000		14986500	5.29
531968	Indo Green Projects Ltd	Venkatesan Narayanan	--	S
500219	Jain Irrigation Systems Ltd	FMR LLC & PACs	--	B	520
500219	Jain Irrigation Systems Ltd	FMR LLC & PACs	--	S	710276		2155697	2.88
532286	Jindal Steel & Power Ltd	Sushil Kumar Agrawal	16/06/2009 - 21/07/2009	S	250		6400
532286	Jindal Steel & Power Ltd	Sushil Maroo	21/07/2009	B	4950		9900
523323	Kovai Medical Center & Hospital Ltd	Dr Thavamani Devi Palaniswami	26/06/2009	B	26055	0.24	1452303	13.27
526596	Liberty Shoes Ltd	Adeesh Gupta	02/07/2009	B	23000		150360	0.88
526596	Liberty Shoes Ltd	Dinesh Kumar Gupta	02/07/2009	B	17000	0.09	72400
526596	Liberty Shoes Ltd	Sunil Bansal	02/07/2009	B	15000		199000	1.17
507759	Lime Chemicals Ltd	Mrs Shahnaz A Dawoodani	30/06/2009 - 03/07/2009	B	2233		84574	2.57
507759	Lime Chemicals Ltd	Mrs Shahnaz A Dawoodani	23/06/2009 - 29/06/2009	B	2541		82341	2.50
500257	Lupin Ltd	Amit Sareen	20/07/2009	S	100		3075	0.00
500257	Lupin Ltd	Deepak Kasbi	16/07/2009	S	114		2112	0.00
500257	Lupin Ltd	Deepak Kasbi	17/07/2009	S	1000		1112	0.00
526721	Nicco Parks & Resorts Ltd	Rajive Kaul	01/07/2009	B	293		202230	4.32
526721	Nicco Parks & Resorts Ltd	Rajive Kaul	26/06/2009	B	650		200850	4.29
526721	Nicco Parks & Resorts Ltd	Rajive Kaul	29/06/2009	B	240		201090	4.29
526721	Nicco Parks & Resorts Ltd	Rajive Kaul	30/06/2009	B	847		201937	4.31
511525	Pan India Corporation Ltd		--	S
511525	Pan India Corporation Ltd	Ashok Agarwal	30/06/2009	S	9990325		100	0.00
511525	Pan India Corporation Ltd	Duggal Contractors & Traders Pvt Ltd	--	B	9990325	4.66	31201900	14.56
500470	Tata Steel Ltd	Life Insurance Corporation of India	--	B	15448085	2.11	88409445	12.10

530721	ANG Auto Ltd	Fidelity International Ltd	03/07/2009	Sale	164000	0.31	698225	5.57	#
531590	Bilpower Ltd	Choudhary Global Ltd	03/07/2009	Acq	9244	0.09	549383	5.23	*
531590	Bilpower Ltd	Choudhary Global Ltd	04/07/2009	Acq	9244	0.09	549383	5.23	#
531590	Bilpower Ltd	Choudhari Global Ltd	06/07/2009	Acq	2564	0.02	551947	5.25	*
531590	Bilpower Ltd	Choudhary Global Ltd	06/07/2009	Acq	2564	0.02	551947	5.25	#
511628	Brescon Corporate Advisors Ltd	I Tenable India Ltd	03/07/2009	Acq	127397	3.65	144954	4.15	*
511628	Brescon Corporate Advisors Ltd	Pinky Exhibitors Pvt Ltd	03/07/2009	Acq	15000	0.43	521336	14.92	*
511628	Brescon Corporate Advisors Ltd	JDP Shares & Finance Pvt Ltd	29/06/2009 - 03/07/2009	Sale	133104	3.81	0	0.00	*
524388	Crazy Infotech Ltd	Gyan Chand Shadija	30/06/2009 - 03/07/2009	Sale	29194	0.00	364272		*
531609	KG Petrochem Ltd	Manish Singhal	01/07/2009	Acq	319000	6.11	789000	15.11	*
531609	KG Petrochem Ltd	Manish Singhal (HUF)	01/07/2009	Acq	338100	6.47	340000	6.51	*
523323	Kovai Medical Center & Hospital Ltd	Dr Thavamani Devi Palaniswami	26/06/2009	Acq	26055	0.24	1452303	13.27	#
500680	Pfizer Ltd	Pfizer Investments Netherlands B.V. & PAC	17/07/2009	Acq	8810234	29.52	21113171	70.75	*
500295	Sesa Goa Ltd	FTIF Templeton Asia Growth Fund	17/07/2009	Acq	1061600	0.13	39736489		*
506460	SI Group India Ltd	Schenectady (I) Holdings Pvt Ltd (PAC - SI Group Inc.)	08/07/2009	Acq	2413158	5.70	37616515	88.91	#

RESEARCH REPORTS

>INSIDER TRADING 22-07-09

514272	Bhilwara Spinners Ltd	Ashok Kumar Parmar	--	S	39229	0.58	0	0.00
511196	Can Fin Homes Ltd	Canara Bank	--	B	6	0.00	8634243	42.15
532219	Energy Development Company Ltd	Amar Singh	14/07/2009	B	8569		260270	0.95
532219	Energy Development Company Ltd	Amar Singh	15/07/2009	B	10061		270331	0.08
532286	Jindal Steel & Power Ltd	A K Mukherji	20/07/2009	S	470		0	0.00
500257	Lupin Ltd	Amit Sareen	16/07/2009	B	1955		3275	0.00
500257	Lupin Ltd	Amit Sareen	17/07/2009	S	100		3175	0.00
500257	Lupin Ltd	Ashok Kumar Madan	20/07/2009	B	1890		1914	0.00
500257	Lupin Ltd	Chandru Chawla	17/07/2009	S	999		1241	0.00
500257	Lupin Ltd	Debabrata Chakravorty	20/07/2009	B	3780		5790	0.00
500257	Lupin Ltd	Milind Dhupkar	17/07/2009	S	200		3670	0.00
500257	Lupin Ltd	Naresh Kumar Gupta	20/07/2009	B	5040		6500	0.00
500257	Lupin Ltd	Neelima Sinha	17/07/2009	S	3000		590	0.00
500257	Lupin Ltd	Neelima Sinha	20/07/2009	B	3580		3590	0.00
500257	Lupin Ltd	Nitin Vadia	20/07/2009	B	7455		9205	0.01
500257	Lupin Ltd	Prabhat Tandon	16/07/2009	S	600		1260	0.00
500257	Lupin Ltd	Prakash N Shouche	20/07/2009	B	1890		5400	0.00
500257	Lupin Ltd	Puspen Das Gupta	20/07/2009	B	980		2400	0.00
500257	Lupin Ltd	Rajendra Chunodkar	16/07/2009	B	3150		6940	0.00
500257	Lupin Ltd	Sakti P Chakraborty	20/07/2009	B	9940		17039	0.02
500257	Lupin Ltd	Sanjay P Yajnik	20/07/2009	B	1890		4620	0.00
500257	Lupin Ltd	Satish Khanna	20/07/2009	B	6300		8800	0.01
500257	Lupin Ltd	Shashi Narula	17/07/2009	S	5000		9500	0.01
500257	Lupin Ltd	Shrikant Kulkarni	17/07/2009	S	600		390	0.00
500257	Lupin Ltd	Suresh P Jadhav	20/07/2009	B	5355		10797	0.01
500257	Lupin Ltd	Udayan S Ambegaokar	17/07/2009	S	100		5150	0.00
524794	Matrix Laboratories Ltd	MP Laboratories (M) Ltd	--	B	78430	0.05	137156480	87.73
532819	MindTree Ltd	Suresh HP	15/07/2009	S	1000	0.00	15089	0.04
532724	Mounteverest Trading & Investment Ltd	Sarvottam Commotrade Pvt Ltd	08/07/2009	B	100000		100000
523820	Neo Corp International Ltd	Sanjay Trivedi	--	S
532912	Net 4 India Ltd	Suzane Pai	--	B	1490	0.01	342548	2.04
532912	Net 4 India Ltd	Suzane Pai	--	B	2062	0.02	338127	2.00
532912	Net 4 India Ltd	Suzane Pai	--	B	2931	0.01	341058
532912	Net 4 India Ltd	Suzane Pai	--	B	3156	0.02	332288	1.98
532912	Net 4 India Ltd	Suzane Pai	--	B	3777	0.02	336065	2.00
532912	Net 4 India Ltd	Suzane Pai	--	B	5049	0.03	329132	1.96
532912	Net 4 India Ltd	Suzane Pai	--	B	700	0.00	324083	1.93
532466	Oracle Financial Services Software Ltd	Parveen Kumar Malhotra	--	S	479		745
500302	Piramal Healthcare Ltd	Aberdeen Asset Mgmt Asia Ltd on behalf of funds advised / managed	15/07/2009	B	203077	0.09	10590000	5.06
530695	Prime Property Development Corporation Ltd	Padamshi L Soni	01/07/2009	B	7442		9565750	47.83
530695	Prime Property Development Corporation Ltd	Padamshi L Soni	02/07/2009	B	3990		9569740	47.84
530695	Prime Property Development Corporation Ltd	Padamshi L Soni	03/07/2009	B	3910		9573650	47.86
532498	Shriram City Union Finance Ltd	Norwest Venture Partners	--	B	3842479	8.38	3842479	8.38
531626	Silver Smith India Ltd	B K Narula HUF	01/06/2009 - 30/06/2009	B	16495		162829	3.94
531626	Silver Smith India Ltd	Ridhi Narula	01/06/2009 - 30/06/2009	B	12502		141877	3.43
531626	Silver Smith India Ltd	Sidhi Narula	01/06/2009 - 30/06/2009	B	5000		147387	3.57
532531	Strides Arcolab Ltd	John Mathew	--	S
532874	Suryachakra Power Corporation Ltd	Mrs M Mangatayaru	01/07/2009	B	1000		1464186	1.91
530239	Suven Life Sciences Ltd	Kalyani Jasti	--	B	151578	0.13	9814213	8.47
530239	Suven Life Sciences Ltd	Madhavi Jasti	--	B	129008	0.11	9753366	8.42
523261	Venkys India Ltd	Venkateshwara Hatcheries Pvt Ltd	--	B	1169	0.01	4604268	49.03

530431	Ador Fontech Ltd	JB Advani & Co Pvt Ltd	03/04/2008 - 16/03/2009	Acq	74808		889811		#
531381	Arihant Foundations & Housing Ltd	Sterling Projects & Engg Ltd & S Jayalakshmi	07/07/2009	Acq	3616	0.05	834095	11.84	#
531381	Arihant Foundations & Housing Ltd	Sterling Projects & Engg Ltd & S Jayalakshmi	14/07/2009	Acq	1630	0.02	841325	11.93	*
531381	Arihant Foundations & Housing Ltd	Sterling Projects & Engg Ltd & S Jayalakshmi	15/07/2009	Acq	9743	0.14	851068	12.07	*
524804	Aurobindo Pharma Ltd	HSBC Global Investments Funds (M) Ltd & PACs	02/07/2009	Acq	1711184		2774390	5.16	*
511628	Brescon Corporate Advisors Ltd	I Tenable (India) Ltd	04/07/2009	Acq	127397	3.65	144954	4.15	#
511628	Brescon Corporate Advisors Ltd	Pinky Exhibitors P Ltd	04/07/2009	Acq	15000	0.43	521336	14.92	#
511196	Can Fin Homes Ltd	Canara Bank	14/07/2009	Acq	6	0.00	8634243	42.15	#
532980	Gokul Refoils & Solvent Ltd	Pacific Corporate Services Ltd	03/07/2009	Acq	6832	0.03	975545	3.70	*
532980	Gokul Refoils & Solvent Ltd	Pacific Corporate Services Ltd	29/06/2009	Sale	8096	0.03	968713	3.67	*
526947	La Opala RG Ltd	Genesis Exports Ltd	22/06/2009 - 24/06/2009	Acq	1308	0.01	4670791	44.07	#
530039	Lords Chemicals Ltd	Mool Chand Patni	27/06/2009	Sale	166800	4.13	0	0.00	#
524794	Matrix Laboratories Ltd	MP Laboratories (M) Ltd	14/07/2009	Acq	78430	0.05	137156480	87.73	#
524794	Matrix Laboratories Ltd	MP Laboratories (M) Ltd	14/07/2009	Acq	78430	0.05	137156480	87.73	*
532724	Mounteverest Trading & Investment Ltd	Sarvottam Commotrade Pvt Ltd	08/07/2009	Acq	100000	7.26	100000	7.26	#
532912	Net 4 India Ltd	Ms Suzzane Pai	01/06/2009	Acq	3777	0.02	336065	1.98	#
532912	Net 4 India Ltd	Ms Suzzane Pai	02/06/2009	Acq	2062	0.02	338127	2.02	#
532912	Net 4 India Ltd	Ms Suzzane Pai	03/06/2009	Acq	2931	0.01	341058	2.03	#
532912	Net 4 India Ltd	Ms Suzzane Pai	19/06/2009	Acq	1490	0.01	342548	2.04	#
532912	Net 4 India Ltd	Ms Suzzane Pai	21/05/2009	Acq	700	0.00	324083	1.93	#
532912	Net 4 India Ltd	Ms Suzzane Pai	28/05/2009	Acq	5049	0.03	329132	1.96	#
532912	Net 4 India Ltd	Ms Suzzane Pai	29/05/2009	Acq	3156	0.02	332288	1.98	#
511525	Pan India Corporation Ltd	Duggal Contractors & Traders Pvt Ltd	30/06/2009	Acq	9990325	4.66	31201900	14.56	#
500302	Piramal Healthcare Ltd	Aberdeen Asset Mgmt Asia Ltd on behalf of funds advised / managed	15/07/2009	Acq	203077	0.09	10590000	5.06	#
517146	Usha Martin Ltd	Prajeev Investments Ltd	09/07/2009	Acq	2770000	1.11	2770000	1.11	#
517146	Usha Martin Ltd	Prashant Investments Ltd	09/07/2009	Sale	270000	0.11	1915585	0.77	#
517146	Usha Martin Ltd	Usha Martin Ventures Ltd	09/07/2009	Sale	2500000	0.99	19340900	7.73	#
517146	Usha Martin Ltd	Kenwyn Overseas Ltd	10/07/2009	Acq	1382000	0.55	14364680	5.74	#
517146	Usha Martin Ltd	Peterhouse Investments Ltd	10/07/2009	Acq	1350000	0.54	18971455	7.58	#
517146	Usha Martin Ltd	Prajeev Investments Ltd	10/07/2009	Sale	2770000	1.11			#
523261	Venkys India Ltd	Venkateshwara Hatcheries Pvt Ltd	13/07/2009 - 14/07/2009	Acq	1169	0.01	4604268	49.03	#
523261	Venkys India Ltd	Venkateshwara Hatcheries Pvt Ltd	13/07/2009 - 14/07/2009	Acq	1169	0.01	4604268	49.03	*

RESEARCH REPORTS