>INSIDER TRADING 01-06-10(Citibank, N.A. (as Trustee for Orbitech Ltd) sold POLARIS software)

Scrip Code	Company	Name of Acquirer / Seller	Transaction Date	Buy /Sale	No.of Shares Transacted		Holding after Transaction
					Quantity	%	Quantity	%
531761	Amulya Leasing & Finance Ltd	Imarti Devi	12/05/2010	S	150000	3.00	79400	1.58	#
530355	Asian Oilfield Services Ltd	Avinash Chandra Manchanda	10/05/2010	S	4000		8846	0.06	#
523100	Cosmo Ferrites Ltd	Andheri Properties & Finance Pvt Ltd	12/05/2010	B	232129	1.93	232129	1.93	#
500495	Escorts Ltd	Dr P S Pritam	31/03/2010	S	10000		500	0.00	#
509550	Gammon India Ltd	Sundaram BNP Paribas Mutual Fund	--	S	2563171	2.01	3595014	2.82	#
532622	Gateway Distriparks Ltd	Gopinath Pillai	12/05/2010 - 13/05/2010	B	25000		741000	0.69	#
532622	Gateway Distriparks Ltd	Gopinath Pillai	12/05/2010 - 13/05/2010	B	25000		741000	0.69	*
532909	Grabal Alok Impex Ltd	Niraj Realtors & Shares Pvt Ltd	17/11/2009 - 11/05/2010	B	491000	2.18	2295020	10.21	#
532015	Gravity India Ltd	Dakshaben R Thakkar	28/04/2010	B	1000		120805	1.34	#
532015	Gravity India Ltd	Dakshaben R Thakkar	29/04/2010	B	4600		125405	1.39	#
532015	Gravity India Ltd	Dakshaben R Thakkar	30/04/2010	B	2000	0.02	127405	1.42	#
532216	HB Stockholdings Ltd	Mrs Anju Bhasin	11/05/2010 - 14/05/2010	B	15720	0.07	41709	0.17	#
530315	Hindustan Tin Works Ltd	Atit Bhatia	14/05/2010	B	700		92200	0.89	*
530315	Hindustan Tin Works Ltd	Atit Bhatia	14/05/2010	B	700		92200	0.89	#
530315	Hindustan Tin Works Ltd	Manju Bhatia	14/05/2010	B	1000		131300	1.26	*
530315	Hindustan Tin Works Ltd	Manju Bhatia	14/05/2010	B	1000		131300	1.26	#
530315	Hindustan Tin Works Ltd	Saket Bhatia	14/05/2010	B	800		79800	0.77	*
530315	Hindustan Tin Works Ltd	Saket Bhatia	14/05/2010	B	800		79800	0.77	#
524019	Hydro S & S Industries Ltd	Machino Finance Pvt Ltd	11/05/2010	S	60000	0.93	673908	10.52	#
524019	Hydro S & S Industries Ltd	Machino Finance Pvt Ltd	12/05/2010	S	136500	2.13	537408	8.39	#
532942	KNR Constructions Ltd	J V Panindra Reddy	14/05/2010	B	10650		1842765	6.55	#
524000	Magma Fincorp Ltd	Citigroup Global Mkt (Mauritius) Pvt Ltd	14/05/2010	B	1178738		1928738		#
524000	Magma Fincorp Ltd	Wellington Management Co, LLP	10/05/2010	B	1128900		2557329	9.90	#
524000	Magma Fincorp Ltd	Wellington Management Co, LLP, on behalf of Bay Pond Partners L P	10/05/2010	B	752600	2.91	1720972		#
533088	Mahindra Holidays & Resorts India Ltd	A K Nanda	14/05/2010	S	10000		347517	0.41	#
513023	Nava Bharat Ventures Ltd	T Hari Babu	13/05/2010	S	368		4572	0.00	*
513023	Nava Bharat Ventures Ltd	T Hari Babu	13/05/2010	S	368		4572	0.00	#
513023	Nava Bharat Ventures Ltd	T Hari Babu	14/05/2010	S	1132		3440	0.00	*
513023	Nava Bharat Ventures Ltd	T Hari Babu	14/05/2010	S	1132		3440	0.00	#
532864	Nelcast Ltd	P Vijaya Bhaskar Reddy	12/05/2010	B	2398		109860	0.63	#
500307	Nirlon Ltd	Mrs Mallika V Advani	30/04/2010	B	26574		167065	0.29	#
532254	Polaris Software Lab Ltd	Citibank, N.A. (as Trustee for Orbitech Ltd)	28/04/2010 - 13/05/2010	S	2539178	2.56			#
532810	Power Finance Corporation Ltd	B Praveen	11/05/2010 - 13/05/2010	S	1800		1886		*
532810	Power Finance Corporation Ltd	Prashant Moundekar	13/05/2010	S	2353		1582		*
500337	Prime Securities Ltd	R Ramachandran	27/04/2010	B	76700	0.29	76700	0.29	#
532527	Ramkrishna Forgings Ltd	Riddhi Portfolio (P) Ltd	11/05/2010	B	225	0.00	6142242	37.39	#
532527	Ramkrishna Forgings Ltd	Riddhi Portfolio (P) Ltd	11/05/2010	B	900	0.00	6143142	37.39	#
532527	Ramkrishna Forgings Ltd	Riddhi Portfolio (P) Ltd	12/05/2010	B	1732	0.01	6146874	37.41	#
532527	Ramkrishna Forgings Ltd	Riddhi Portfolio (P) Ltd	12/05/2010	B	2000	0.01	6145142	37.40	#
500376	Satyam Computer Services Ltd	G Rajalingam	--						#
500376	Satyam Computer Services Ltd	JB Sai Sirisha	--						#
500376	Satyam Computer Services Ltd	K Venkatesh	--						#
500376	Satyam Computer Services Ltd	Shirley Abraham	--						#
500376	Satyam Computer Services Ltd	Sirisha Sankara	--						#
532833	Sparsh BPO Services Ltd	Kapil Puri (Revised)	26/04/2010 - 27/04/2010	B	62995	0.39	1018993	6.31	#
532874	Suryachakra Power Corporation Ltd	Mrs M Mangatayaru	14/05/2010	B	4600		1620237	2.11	#
532398	Usha Martin Education & Solutions Ltd	Raju Babu Sinha	07/04/2010	B	5000		5000		#
532398	Usha Martin Education & Solutions Ltd	Raju Babu Sinha	15/04/2010	B	79000		84000		#

531761	AMULYA LEASING & FINANCE LTD.	Imarti Devi	12/05/2010	Sale	150000	3.00	79400	1.58	#
531761	AMULYA LEASING & FINANCE LTD.	Imarti Devi	12/05/2010	Sale	150000	3.00	79400	1.58	*
532909	GRABAL ALOK IMPEX LTD.	Niraj Realtors & Shares Pvt Ltd	17/11/2009 - 11/05/2010	Acq	491000	2.18	2295020	10.21	#
532909	GRABAL ALOK IMPEX LTD.	Niraj Realtors & Shares Pvt Ltd	17/11/2009 - 11/05/2010	Acq	491000	2.18	2295020	10.21	*
502937	KESORAM INDUSTRIES LTD.	ECE Industries Ltd	14/05/2010	Sale	2000	0.00	208800	4.45	*
524000	MAGMA FINCORP LTD.	Wellington Management Co, LLP, on behalf of Bay Pond Partners L P	10/05/2010	Acq	752600	2.91	1720972	6.66	#
524000	MAGMA FINCORP LTD.	Citigroup Global Mkt (Mauritius) Pvt Ltd	14/05/2010	Acq	1178738	4.56	1928738	7.46	#
500267	MAJESTIC AUTO LTD.	Anadi Investments Pvt Ltd	31/05/2010	Acq	7737541	74.42	7757688	74.61	@
532254	POLARIS SOFTWARE LAB LTD.	Orbitech Ltd & PAC	28/04/2010 - 13/05/2010	Sale	2539178	2.56	23285621	23.52	#
532527	RAMKRISHNA FORGINGS LTD.	Riddhi Portfolio (P) Ltd & PACs	11/05/2010 - 12/05/2010	Acq	4857	0.03	8439981	51.37	#
532890	TAKE SOLUTIONS LTD.	Passport India Investments (Mauritius) Ltd	13/05/2010	Sale	301764	0.25	6003255	4.90	*

RESEARCH REPORTS

>INSIDER TRADING 27-05-10(Global Holding Corporation Pvt Ltd Bought GTL LTD)

Scrip Code	Company	Name of Acquirer / Seller	Transaction Date	Buy /Sale	No.of Shares Transacted		Holding after Transaction
					Quantity	%	Quantity	%
532762	Action Construction Equipment Ltd	Vijay Agarwal	22/04/2010 - 29/04/2010	B	9975		29673922	33.01	#
533096	Adani Power Ltd	Dr. Pravin P Shah	04/05/2010	B	43000		83500		#
532548	Century Plyboards (India) Ltd	Puja Kochhar	12/04/2010	S	30101		1026769		#
532548	Century Plyboards (India) Ltd	Puja Kochhar	13/04/2010	S	13044		1013725		#
531337	Channel Guide India Ltd	Rajendra S Karnik	28/04/2010	S	10000		800090	8.62	#
532173	CyberTech Systems and Software Ltd	Steven Jeske	10/05/2010	B	650000	0.00	1733333	6.55	*
532751	Easun Reyrolle Ltd	K Balasubramanian & PACs	12/05/2010	B	20000	0.10	1421666	6.84	#
532751	Easun Reyrolle Ltd	K Balasubramanian & PACs	13/05/2010	B	20000	0.10	1441666	6.94	#
532022	Filatex Fashions Ltd	Prabhat Sethia	23/04/2010	S	165171	1.20	3190674	21.66	#
532022	Filatex Fashions Ltd	Prabhat Sethia	29/04/2010	S	200000	1.45	2990674	21.66	#
532022	Filatex Fashions Ltd	Prabhat Sethia	29/04/2010	S	200000	1.45	2990674	21.66	*
532959	Gammon Infrastructure Projects Ltd	Kshitiz Bhaskar	30/04/2010	S	75000		37975		#
532764	GeeCee Ventures Ltd	Meena Kothari	03/05/2010	S	6435		29085	0.12	#
532764	GeeCee Ventures Ltd	Meena Kothari & Ashwin Kumar Kothari	03/05/2010	S	136769		618231	2.51	#
500160	GTL Ltd	Global Holding Corporation Pvt Ltd	28/04/2010	B	2035971	2.10	50956698	52.68	#
532100	Indo City Infotech Ltd	Aneel Jain HUF	--	B	86000	0.83	604400	5.81	#
532810	Power Finance Corporation Ltd	Shelly Verma	04/05/2010	S	4000		11000	0.00	*
532692	Radha Madhav Corporation Ltd	Abhishek A Agrawal	30/04/2010 - 03/05/2010	B	44318		2407294	7.40	#
505650	Skyline Millars Ltd	Maulik Dave	--						#
513262	Steel Strips Wheels Ltd	R K Garg	03/05/2010	B	500		585151	4.29	*
513262	Steel Strips Wheels Ltd	RK Garg	03/05/2010	B	500		585151	4.29	#
519035	Wadala Commodities Ltd	Mathew Eipe	--						#

530809	BNR UDYOG LTD.	Sandeep Rathi	04/05/2010	Sale	15000	0.50	131832	4.39	*
500083	CENTURY EXTRUSIONS LTD.	Asish Finance Ltd	23/04/2010 - 28/04/2010	Sale	1550000	0.00	6072523	7.59	*
500083	CENTURY EXTRUSIONS LTD.	Subhash Baheti, Ashish Finance Ltd, Kalptaru Investment (P) Ltd, Urmila Baheti, Subhash Baheti (HUF)	23/04/2010 - 28/04/2010	Sale	1773566	2.21	6122623	7.65	*
500083	CENTURY EXTRUSIONS LTD.	Subhash Baheti	28/04/2010	Sale	62235	0.08	0	0.00	*
500083	CENTURY EXTRUSIONS LTD.	Subhash Baheti (HUF)	28/04/2010	Sale	110910	0.14	0	0.00	*
500083	CENTURY EXTRUSIONS LTD.	Urmila Baheti	28/04/2010	Sale	50421	0.00	50100	0.06	*
531337	CHANNEL GUIDE INDIA LTD.	Rajendra Sharad Karnik	28/04/2010	Sale	10000	0.11	800090	8.62	#
505533	DHANPRAYOG INVESTMENTS CO.LTD.	Horizon Impex Pvt Ltd	27/04/2010	Acq	527100	3.29	4511100	28.19	#
505533	DHANPRAYOG INVESTMENTS CO.LTD.	Horizon Impex Pvt Ltd	27/04/2010	Acq	527100	3.29	4511100	28.19	*
505533	DHANPRAYOG INVESTMENTS CO.LTD.	Subh Ashish Exim Pvt Ltd	27/04/2010	Acq	3333400	20.83	5347400	33.42	#
505533	DHANPRAYOG INVESTMENTS CO.LTD.	Subh Ashish Exim Pvt Ltd	27/04/2010	Acq	3333400	20.83	5347400	33.42	*
532022	FILATEX FASHIONS LTD.	Prabhat Sethia	29/04/2010	Sale	200000	1.45	2990674		*
532022	FILATEX FASHIONS LTD.	Prabhat Sethia	29/04/2010	Sale	200000	1.45	2990674	21.66	#
500160	GTL LTD.	Global Holding Corporation Pvt Ltd & PACs	28/04/2010	Acq	2035971	2.10	50956698	52.68	#
532100	INDO-CITY INFOTECH LTD.	Aneel Jain HUF	30/04/2010	Acq	86000	0.83	604400	5.81	#
532100	INDO-CITY INFOTECH LTD.	Aneel Jain HUF	30/04/2010	Acq	86000	0.83	604400	5.81	*
500304	NIIT LTD.	Phillips, Hager & North Investment Management Ltd	27/04/2010	Acq	1455300	0.88	9206286	5.58	*
500192	PRAG BOSIMI SYNTHETICS LTD.	Mrs Kavita D Vyas	29/04/2010	Acq	7800	0.01	16064	0.02	*
500192	PRAG BOSIMI SYNTHETICS LTD.	Mrs. Devila H Vyas	29/04/2010	Acq	4437	0.00	5021918	6.75	#
500192	PRAG BOSIMI SYNTHETICS LTD.	Mrs. Devila H Vyas	29/04/2010	Acq	4437	0.00	5021918	6.75	*
532692	RADHA MADHAV CORPORATION LTD.	Abhishek Agrawal	30/04/2010 - 03/05/2010	Acq	44318	0.14	2407294	7.40	#
506172	SAMPADA CHEMICALS LTD.	Ridhi Sidhi Equifin Pvt Ltd	05/05/2010	Sale	100000	2.01	0	0.00	*
523359	SHARP INDUSTRIES LTD.	Swastik Bio-Agro Tech Pvt Ltd	16/04/2010	Acq	1100000	5.51	2720000	13.63	*
530433	SHIVA FERTILIZERS LTD.	Kamal B Gilda	27/04/2010	Sale	50000	0.00	2452	0.03	#
530433	SHIVA FERTILIZERS LTD.	Ravi Kalantri	27/04/2010	Sale	25000	0.00	22500	0.29	#
530433	SHIVA FERTILIZERS LTD.	M P Kalantri	28/04/2010	Sale	25000	0.00	323750	4.18	#
530433	SHIVA FERTILIZERS LTD.	Omkarlal Agarwal	28/04/2010	Sale	10000	0.00	10000	0.13	#
530433	SHIVA FERTILIZERS LTD.	Santosh Agarwal	28/04/2010	Sale	25000	0.00	2500	0.03	#
530433	SHIVA FERTILIZERS LTD.	Shobha Agawal	28/04/2010	Sale	15000	0.00	0		#
530433	SHIVA FERTILIZERS LTD.	Sunil Agarwal	28/04/2010	Sale	32500	0.00			#
530433	SHIVA FERTILIZERS LTD.	Vimalbai Agarwal	28/04/2010	Sale	17500	0.00	2500	0.03	#
513262	STEEL STRIPS WHEELS LTD.	R K Garg	03/05/2010	Acq	500	0.00	585151	4.29	#
513262	STEEL STRIPS WHEELS LTD.	R K Garg	03/05/2010	Acq	500	0.00	585151	4.29	*
513262	STEEL STRIPS WHEELS LTD.	R K Garg & PACs	03/05/2010	Acq	500	0.00	7349468	53.97	#
513262	STEEL STRIPS WHEELS LTD.	R K Garg & PACs	03/05/2010	Acq	500	0.00	7349468	53.97	*
531544	VERTEX SPINNING LTD.	Yellow Consultants Pvt Ltd	30/04/2010	Sale	2500000	1.26	2500000	1.25	*

RESEARCH REPORTS