>INSIDER TRADING 03-12-09

Scrip Code	Company	Name of Acquirer / Seller	Transaction Date	Buy /Sale	No.of Shares Transacted		Holding after Transaction
					Quantity	%	Quantity	%
524598	AKSHARCHEM (INDIA) LTD.	Gokul M Jaykrishna	18/11/2009 - 19/11/2009	B	30000		431568	12.68
524598	AKSHARCHEM (INDIA) LTD.	Munjal M Jaykrishna	18/11/2009 - 19/11/2009	B	22482		422027	12.40
532902	CONSOLIDATED CONSTRUCTION CONSORTIUM LTD.	S Sivaramakrishnan	16/11/2009	B	5000		1693330	4.58
508906	EVEREST INDUSTRIES LTD.	M L Gupta	18/11/2009	S	15300		84700	0.57
508906	EVEREST INDUSTRIES LTD.	M L Gupta	19/11/2009	S	3000		81700	0.55
523477	GUJARAT GAS CO.LTD.	GGCL Employee Welfare Stock Option Trust	18/11/2009	B	10000		1375790	1.07
523477	GUJARAT GAS CO.LTD.	GGCL Employee Welfare Stock Option Trust	19/11/2009	B	10000		1385790	1.08
532947	IRB INFRASTRUCTURE DEVELOPERS LTD.	Virendra D Mhaiskar (HUF)	19/11/2009	B	100000	0.03	82050251	24.69
500265	MAHARASHTRA SEAMLESS LTD.	Stable Trading Company Ltd	18/11/2009 - 19/11/2009	B	700000	0.99	9328633	13.22
532819	MINDTREE LTD.	Janakiraman S	19/11/2009	S	800		1020862	2.60
532819	MINDTREE LTD.	Shrish Kulkarni	19/11/2009	S	1500		4628	0.01
500307	NIRLON LTD.	Mrs Mallika V Advani	04/11/2009	B	1966		399753	0.69
500307	NIRLON LTD.	Mrs Mallika V Advani	05/11/2009	B	100		399853	0.69
500307	NIRLON LTD.	Mrs Mallika V Advani	18/11/2009	B	850		400703	0.69
500307	NIRLON LTD.	Mrs Mallika V Advani	19/11/2009	B	37000		437703	0.75
500307	NIRLON LTD.	Mrs Mallika V Advani	20/11/2009	B	13911		451614	0.78
590077	RANKLIN SOLUTIONS LTD.	M J V V D Prakash	18/11/2009	S	33500
531693	SHRI GANESH SPINNERS LTD.	Bipin Jain	05/11/2009	S	30000		170000
531693	SHRI GANESH SPINNERS LTD.	Manju Jain	05/11/2009 - 06/11/2009	S	449800		0
531693	SHRI GANESH SPINNERS LTD.	Rajinder Paul	06/11/2009	S	200000		285580
531693	SHRI GANESH SPINNERS LTD.	Rajinder Paul HUF	05/11/2009	S	24000		609000
531693	SHRI GANESH SPINNERS LTD.	Seema Jain	05/11/2009 - 06/11/2009	S	120000		130000
531693	SHRI GANESH SPINNERS LTD.	Sita Ram Mangla	05/11/2009 - 06/11/2009	S	136000		969000
531693	SHRI GANESH SPINNERS LTD.	Surender Kumar Singla	05/11/2009 - 06/11/2009	S	165000		424000
531693	SHRI GANESH SPINNERS LTD.	Uma Jain	05/11/2009 - 06/11/2009	S	130000		845000

515147	HALDYN GLASS GUJARAT LTD.	Gujarat Industrial Investment Corporation Ltd	20/11/2009	Sale	25	0.00	577829	10.74	#
515147	HALDYN GLASS GUJARAT LTD.	Gujarat Industrial Investment Corporation Ltd	20/11/2009	Sale	25	0.00	577829	10.74	*
532947	IRB INFRASTRUCTURE DEVELOPERS LTD.	Virendra D Mhaiskar (HUF)	19/11/2009	Acq	100000	0.03	82050251	24.69	#
532947	IRB INFRASTRUCTURE DEVELOPERS LTD.	Virendra D Mhaiskar (HUF)	19/11/2009	Acq	100000	0.03	82050251	24.69	*
523411	KRONE COMMUNICATIONS LTD.	ADC GmbH	18/11/2009	Acq	6200	0.13	2889872	62.81	*
523411	KRONE COMMUNICATIONS LTD.	ADC GmbH	19/11/2009	Acq	3600	0.07	2893472	62.88	*
532621	MORARJEE TEXTILES LTD.	Ashok Piramal Group Textiles Trust	10/12/2009	Acq	4723432	13.00	21590112	59.42	@
532690	RAMSARUP INDUSTRIES LTD.	Ashish Jhunjhunwala	18/11/2009 - 20/11/2009	Sale	1225000	3.50	4736960	13.50	*
590077	RANKLIN SOLUTIONS LTD.	M J V V D Prakash	18/11/2009	Sale	33500	0.66	592767	11.76	#
500350	RSWM LTD.	Bhilwara Commerce Pvt Ltd	13/11/2009	Acq	50000	0.22	60221	0.26	#
500350	RSWM LTD.	Deepak Knits & Texturise Pvt Ltd	13/11/2009	Acq	80000	0.35	180000	0.78	#
500350	RSWM LTD.	Essay Marketing Co Ltd	13/11/2009	Sale	130000	0.56	184702	0.80	#
500350	RSWM LTD.	Jyoti Knits Pvt Ltd	13/11/2009	Sale	162800	0.70	0	0.00	#
500350	RSWM LTD.	Purvi Vanijya Niyojan Ltd	13/11/2009	Acq	105000	0.45	807551	3.49	#
500350	RSWM LTD.	Raghav Commercial Ltd	13/11/2009	Acq	57800	0.25	109800	0.47	#
531693	SHRI GANESH SPINNERS LTD.	Darshna Devi & PACs	10/11/2009	Sale	498100	9.84	29500	0.58	#

RESEARCH REPORTS

>INSIDER TRADING 02-12-09(CITI Bank sold in Polaris soft)

Scrip Code	Company	Name of Acquirer / Seller	Transaction Date	Buy /Sale	No.of Shares Transacted		Holding after Transaction
					Quantity	%	Quantity	%
530093	ACE INDIA LTD.	Mrs. Mamta Narula	16/11/2009 - 19/11/2009	B	11041		66982	2.11
533029	ALKALI METALS LTD.	Dr. YVSS Murty	11/11/2009	S	82275		5427580	53.30
526433	ASM TECHNOLOGIES LTD.	IDS Systems Pvt Ltd	03/11/2009 - 06/11/2009	B	1865		192870	3.85
526433	ASM TECHNOLOGIES LTD.	IDS Systems Pvt Ltd	09/11/2009 - 10/11/2009	B	5500		198370	3.96
526433	ASM TECHNOLOGIES LTD.	IDS Systems Pvt Ltd	27/10/2009 - 30/10/2009	B	524		191005	3.82
532523	BIOCON LTD.	Prof. Charles Cooney	19/11/2009	S	30000		289522	0.14
531977	CHARTERED LOGISTICS LTD.	Nisha Kalyan	09/11/2009	B	39300		50600	1.02
512199	CORE PROJECTS & TECHNOLOGIES LTD.	Shekhar Iyer	05/11/2009	S	1000		674000	0.72
512199	CORE PROJECTS & TECHNOLOGIES LTD.	Shekhar Iyer	06/11/2009	S	1750		672250	0.71
532312	GEOMETRIC LTD.	Godrej Investments Pvt Ltd	18/11/2009	B	14850	0.02	6657430	10.72
532312	GEOMETRIC LTD.	Godrej Investments Pvt Ltd	19/11/2009	B	7864	0.01	6665294	10.73
500160	GTL LTD.	Abhay Prabhakar Thite	10/11/2009 - 11/11/2009	S	5000		37000	0.04
500160	GTL LTD.	S C Sahasrabudhe	06/11/2009	S	9000		18000	0.02
500160	GTL LTD.	Sophia Growth-A Share Class of Somerset India Fund	12/11/2008 - 05/11/2009	B	90000	0.09
500160	GTL LTD.	Sophia Growth-A Share Class of Somerset India Fund	12/11/2008 - 05/11/2009	S	2092314	2.18	5646786	5.90
506480	GULF OIL CORPORATION LTD.	Raman Gopal	18/11/2009	S	10000	0.01
512597	KEYNOTE CORPORATE SERVICES LTD.	Concept Communication Ltd	11/11/2009 - 12/11/2009	B	95060	1.35	2244743	31.98
532942	KNR CONSTRUCTIONS LTD.	B V Rama Rao	09/11/2009 - 18/11/2009	S	8711		16200	0.06
532942	KNR CONSTRUCTIONS LTD.	B V Rama Rao	20/11/2009	S	8000		8200	0.03
532942	KNR CONSTRUCTIONS LTD.	K Narasimha Reddy	19/11/2009	B	21050		9865479	35.08
532942	KNR CONSTRUCTIONS LTD.	K Narasimha Reddy	20/11/2009	B	22075		9887554	35.16
500247	KOTAK MAHINDRA BANK LTD.	Ashish Vora	10/11/2009	S	3000		2292
500247	KOTAK MAHINDRA BANK LTD.	Chirag Goyanka	09/11/2009	B	3187		4062
500247	KOTAK MAHINDRA BANK LTD.	Devang Gheewalla	09/11/2009	B	1592		4564
500247	KOTAK MAHINDRA BANK LTD.	Deven Shah	11/11/2009	S	1000		700
500247	KOTAK MAHINDRA BANK LTD.	Dipak Gupta	09/11/2009	B	30000		336750	0.09
500247	KOTAK MAHINDRA BANK LTD.	Himanshu V Vasa	09/11/2009	B	1670		4292
500247	KOTAK MAHINDRA BANK LTD.	Jaideep Hansraj	09/11/2009	S	2500		8385
500247	KOTAK MAHINDRA BANK LTD.	Jaideep Hansraj	09/11/2009	S	8300		85
500247	KOTAK MAHINDRA BANK LTD.	Jaimin Mukund	09/11/2009	B	5784		212641
500247	KOTAK MAHINDRA BANK LTD.	Rajmohan Krishnan	09/11/2009	B	3597		5889
500247	KOTAK MAHINDRA BANK LTD.	Rasesh D Vasa	09/11/2009	B	1522		3493
500247	KOTAK MAHINDRA BANK LTD.	Ravi Duvvuru	11/11/2009	S	2000		33285
500247	KOTAK MAHINDRA BANK LTD.	Shivaji Dam	09/11/2009	S	3000		210506	0.06
500247	KOTAK MAHINDRA BANK LTD.	Tejal A Shah	09/11/2009	B	1581		1581
500247	KOTAK MAHINDRA BANK LTD.	Vikram Sud	11/11/2009	S	10337		0
500247	KOTAK MAHINDRA BANK LTD.	Virat Diwanji	09/11/2009	B	1923		6653
509048	LANCOR HOLDINGS LTD.	R V Shekar	18/11/2009	B	90000		5911607	29.19
531241	LINC PEN & PLASTICS LTD.	Linc Writing Aids Pvt Ltd	--	B	40000	0.31	1475419	11.54
531241	LINC PEN & PLASTICS LTD.	Prakash Jain	--	S	40000	0.31	69500	0.54
532740	LOKESH MACHINES LTD.	Lokeswara Rao Mullapudi	18/11/2009	S	150000		787217	6.68
500260	MADRAS CEMENTS LTD.	Platinum Investment Mgmt Ltd	09/11/2009	B	1100000	0.46	12703701
500264	MAFATLAL INDUSTRIES LTD.	Hrishikesh A Mafatlal	12/11/2009	B	802310	8.17	821839	8.37
500264	MAFATLAL INDUSTRIES LTD.	Priyavrata H Mafatlal	12/11/2009	B	802310	8.17	802404	8.17
500264	MAFATLAL INDUSTRIES LTD.	Rekha H Mafatlal	12/11/2009	B	802310	8.17	804110	8.19
500264	MAFATLAL INDUSTRIES LTD.	Rupal V Mafatlal	12/11/2009	B	1203465	12.26	1203465	12.26
500264	MAFATLAL INDUSTRIES LTD.	Vishad P Mafatlal	12/11/2009	B	1203465	12.26	1206356	12.29
513269	MAN INDUSTRIES (INDIA) LTD.	JPA Holdings Pvt Ltd	17/11/2009	B	3500		485375	0.91
532932	MANAKSIA LTD.	Varun Agrawal	09/11/2009	B	12000		2570180	3.70
532932	MANAKSIA LTD.	Vineet Agrawal	09/11/2009	B	8000		2152495	3.10
500271	MAX INDIA LTD.	Liquid Investment & Trading Ltd	10/11/2009	B	669552	0.29	23070044	9.93
500294	NAGARJUNA CONSTRUCTION CO.LTD.	Utpal Sheth	--
532254	POLARIS SOFTWARE LAB LTD.	Citibank, N.A. (as Trustee for Orbitech Ltd)	27/10/2009 - 10/11/2009	S	2166360	2.19	20409655	20.67
532254	POLARIS SOFTWARE LAB LTD.	Orbitech Ltd	01/10/2009 - 05/10/2009	S	1089446	1.10	15379606	15.57
532810	POWER FINANCE CORPORATION LTD.	Ashok Gupta	29/07/2009 - 18/11/2009	S	2900		16504	0.00
506172	SAMPADA CHEMICALS LTD.	Himalaya Builders Pvt Ltd	--	S	21100
506172	SAMPADA CHEMICALS LTD.	Premier Commercial Co Pvt Ltd	--	S	100		0
507998	SIMMONDS MARSHALL LTD.	Clover Technologies Pvt Ltd	11/11/2009	B	2000		271419	12.92
521034	SOMA TEXTILES & INDUSTRIES LTD.	Mavi Investment Fund Ltd	14/10/2009 - 10/11/2009	S	969027	2.93	10569573	32.00

526433	ASM TECHNOLOGIES LTD.	IDS Systems Pvt Ltd	27/10/2009 - 10/11/2009	Acq	7889	0.16	198370	3.96	#
500085	CHAMBAL FERTILISERS & CHEMICALS LTD.	Hindustan Times Ltd	11/11/2009	Acq	30000	0.01	46974396	11.29	#
522292	CHANDNI TEXTILES LTD.	Shashiben G Gupta	11/11/2009	Acq	200000		200000		*
532312	GEOMETRIC LTD.	Godrej Investments Pvt Ltd (PAC with the promoter i.e Godrej and Boyce mfg.co.Ltd.)	18/11/2009	Acq	14850	0.02	6657430	10.72	#
532312	GEOMETRIC LTD.	Godrej Investments Pvt Ltd (PAC with the promoter i.e Godrej and Boyce mfg.co.Ltd.)	18/11/2009	Acq	14850	0.02	6657430	10.72	*
532312	GEOMETRIC LTD.	Godrej Investments Pvt Ltd (PAC with the promoter i.e Godrej and Boyce mfg.co.Ltd.)	19/11/2009	Acq	7864	0.01	6665294	10.73	#
532312	GEOMETRIC LTD.	Godrej Investments Pvt Ltd (PAC with the promoter i.e Godrej and Boyce mfg.co.Ltd.)	19/11/2009	Acq	7864	0.01	6665294	10.73	*
532770	HANUNG TOYS & TEXTILES LTD.	Glofin Inv & Fin Co Pvt Ltd	19/11/2009	Acq	50000	0.20	1246703	4.95	*
505726	IFB INDUSTRIES LTD.	IFB Pvt Ltd, Divine Commotrade Pvt Ltd, Midelec Marketing Pvt Ltd & PACs	10/11/2009	Acq	5000000		25373199	73.01	#
519248	JVL AGRO INDUSTRIES LTD.	Mavi Investment Fund Ltd	06/11/2009	Acq	936000	7.29	936000	7.29	*
532673	K.M.SUGAR MILLS LTD.	Marvel Business Pvt Ltd	04/11/2009	Acq	1903	0.01	2976533	16.17	*
532673	K.M.SUGAR MILLS LTD.	Marvel Business Pvt Ltd	05/11/2009	Acq	3235	0.02	2999925	16.30	*
532673	K.M.SUGAR MILLS LTD.	Marvel Business Pvt Ltd	30/10/2009	Acq	20157	0.10	2994787	16.27	*
512597	KEYNOTE CORPORATE SERVICES LTD.	Concept Communication Ltd	06/10/2009 - 12/11/2009	Acq	199728	2.84	2244743	31.98	#
512597	KEYNOTE CORPORATE SERVICES LTD.	Concept Communication Ltd	06/10/2009 - 12/11/2009	Acq	199728	2.84	2244743	31.98	*
532942	KNR CONSTRUCTIONS LTD.	K Narasimha Reddy	12/10/2009 - 20/11/2009	Acq	70690	0.25	9887554	35.16	#
509048	LANCOR HOLDINGS LTD.	R V Shekar	18/11/2009	Acq	90000	0.44	5911607	29.19	#
509048	LANCOR HOLDINGS LTD.	R V Shekar	18/11/2009	Acq	90000	0.44	5911607	29.19	*
531241	LINC PEN & PLASTICS LTD.	Linc Writing Aids Pvt Ltd	09/11/2009	Acq	40000	0.31	1475419	11.54	#
531241	LINC PEN & PLASTICS LTD.	Prakash Jain	09/11/2009	Sale	40000	0.31	69500	0.54	#
500260	MADRAS CEMENTS LTD.	Platinum Investment Mgmt Ltd	09/11/2009	Acq	1100000	0.46	12703701	5.34	#
500264	MAFATLAL INDUSTRIES LTD.	Hrishikesh A Mafatlal	12/11/2009	Acq	802310	8.17	821839	8.37	#
500264	MAFATLAL INDUSTRIES LTD.	Hrishikesh A Mafatlal	12/11/2009	Acq	802310	8.17	821839	8.37	*
500264	MAFATLAL INDUSTRIES LTD.	Priyavrata H Mafatlal	12/11/2009	Acq	802310	8.17	802404	8.17	#
500264	MAFATLAL INDUSTRIES LTD.	Priyavrata H Mafatlal	12/11/2009	Acq	802310	8.17	802404	8.17	*
500264	MAFATLAL INDUSTRIES LTD.	Rekha H Mafatlal	12/11/2009	Acq	802310	8.17	804110	8.19	#
500264	MAFATLAL INDUSTRIES LTD.	Rekha H Mafatlal	12/11/2009	Acq	802310	8.17	804110	8.19	*
500264	MAFATLAL INDUSTRIES LTD.	Rupal V Mafatlal	12/11/2009	Acq	1203465	12.26	1203465	12.26	#
500264	MAFATLAL INDUSTRIES LTD.	Rupal V Mafatlal	12/11/2009	Acq	1203465	12.26	1203465	12.26	*
500264	MAFATLAL INDUSTRIES LTD.	Vishad P Mafatlal	12/11/2009	Acq	1203465	12.26	1206356	12.29	#
500264	MAFATLAL INDUSTRIES LTD.	Vishad P Mafatlal	12/11/2009	Acq	1203465	12.26	1206356	12.29	*
500271	MAX INDIA LTD.	IDBI Trusteeship Services Ltd Acting as Share Pledge Trustee on behalf of ABK Consultants P Ltd	16/11/2009	Acq	8541000	3.68	21982000	9.46	*
504392	MULTIFARIOUS TRADING & AGENCIES LTD.	Manish Rajnikant Jaitha & PACs	09/10/2009	Sale	500	1.00	4500	9.00	*
526721	NICCO PARKS & RESORTS LTD.	Sunflag Commercial Pvt Ltd	10/11/2009	Acq	800	0.02	141620	3.03	#
526721	NICCO PARKS & RESORTS LTD.	Sunflag Commercial Pvt Ltd	10/11/2009	Acq	800	0.02	141620	3.03	*
526721	NICCO PARKS & RESORTS LTD.	Sunflag Commercial Pvt Ltd	11/11/2009	Acq	1000	0.02	142620	3.05	#
526721	NICCO PARKS & RESORTS LTD.	Sunflag Commercial Pvt Ltd	11/11/2009	Acq	1000	0.02	142620	3.05	*
526721	NICCO PARKS & RESORTS LTD.	Sunflag Commercial Pvt Ltd	12/11/2009	Acq	1600	0.03	144220	3.08	#
526721	NICCO PARKS & RESORTS LTD.	Sunflag Commercial Pvt Ltd	12/11/2009	Acq	1600	0.03	144220	3.08	*
526721	NICCO PARKS & RESORTS LTD.	Sunflag Commercial Pvt Ltd	14/11/2009	Acq	1400	0.03	145620	3.11	*
506172	SAMPADA CHEMICALS LTD.	Himalaya Builders Pvt Ltd	12/11/2009	Sale	21100	0.42	830150	16.67	#
506172	SAMPADA CHEMICALS LTD.	Himalaya Builders Pvt Ltd	12/11/2009	Sale	21100	0.42	830150	16.67	*
506172	SAMPADA CHEMICALS LTD.	Premier Commercial Co Pvt Ltd	12/11/2009	Sale	100	0.00	0	0.00	#
506172	SAMPADA CHEMICALS LTD.	Premier Commercial Co Pvt Ltd	12/11/2009	Sale	100	0.00	0	0.00	*
521034	SOMA TEXTILES & INDUSTRIES LTD.	Mavi Investment Fund Ltd	14/10/2009 - 10/11/2009	Sale	969027	2.93	10569573	32.00	#
521034	SOMA TEXTILES & INDUSTRIES LTD.	Mavi Investment Fund Ltd	14/10/2009 - 10/11/2009	Sale	969027	2.93	10569573	32.00	*
530045	TITAN SECURITIES LTD.	Viable Analytical Technology Pvt Ltd	11/11/2009	Acq	1300000	12.98	1300000	12.98	#
530045	TITAN SECURITIES LTD.	Viable Analytical Technology Pvt Ltd	11/11/2009	Acq	1300000	12.98	1300000	12.98	*

RESEARCH REPORTS