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Today domestic markets are likely to open negative as majority of Asian markets have opened with blood bath. The sentiments are weak across Asia as there is lack of specific news to drive the market. The US markets have also closed flat on Friday thus exuding lack of buying sentiments. In the domestic arena one could expect a lackluster trading throughout the day with an essence of mild volatility.

On Friday, the domestic markets closed with losses for the second consecutive day. The positive opening was better than anticipated however as the trading progressed the selling pressures engulfed the stocks at broader level despite positive cues from the Asian markets. The European markets on the other hand exuded negative cues. Traders were skeptic about the current high level of the benchmark indices and correction at this level seems to be inevitable. Funds and retail investors booked profits across sectors like Realty, Auto, Teck and CD as they closed with losses of 2.49%, 2.41%, 2.40% and 2.29% respectively. On the other hand, Metal and Oil & Gas stocks provided a support to markets as they gained 1.93% and 1.38% respectively. We expect the markets to be trading volatile.

The BSE Sensex closed with a loss of 173.53 points at 15,237.94 and NSE Nifty ended with a loss of 54.30 points at 4,583.40. BSE Mid Caps and Small Caps closed with losses of 112.55 points and 135.78 points at 5,235.03 and 6,014.66 respectively. The BSE Sensex touched intraday high of 15,600.30 and intraday low of 15,174.28.

On Friday, the US Markets closed mixed. There was narrow trading range in the southward throughout the day however towards the end some buying sentiments helped major indices to close in green. Materials stocks closed with a loss of 1.3%, which have provided leadership in recent weeks, were knocked lower as commodities came under pressure amid a rally in the U.S. dollar. Further the Semiconductor stocks also fell under pressure this session, sending the Semiconductor Index to a 1.8% loss. On stock specific move investment services firm BlackRock (-6.04) trailed after updating its outlook to reflect its agreement to pay $13.5 billion for the global investors business from Barclays (-0.63). The US light crude oil for July delivery closed low by 0.8% at $72.05 per barrel on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) closed high by 28.34 points at 8,799.26 the NASDAQ Composite (RIXF) index declined by 3.57 points to close at 1,858.80 and the S&P 500 (SPX) closed flat at 946.21.

Today major stock markets in Asia are trading negative. Hang Seng is low by 269.66 points at 18,620.02. Shanghai Composite is low by 5.497 points at 2,738.26. Japan’’s Nikkei is trading low by 99.71 points at 10,036.11. Strait Times is also low by 38.72 points at 2,338.35. KLSE Composite is up by 1.19 at 1,090.15.

Indian ADRs ended lower on Friday. In the telecom space, Tata Communication was down 4.04% and MTNL was down 7.54%. In the banking space, HDFC Bank was down 2.41% and ICICI Bank was down 2.32%. In the IT space, Wipro was down 4.88% while Infosys was down 0.03%, Satyam Computers as down 14.65% and Patni Computers was down 3.99%. In other sectors, Sterlite Industries was down 0.88%, Tata Motors was down 1.89% while Dr Reddy’’s Labs was down 3.47%.

The FIIs on Friday stood as net buyers in equity and debt. The Gross equity purchased stood at Rs 3,581.80 Crore and gross debt purchased stood at Rs 10.00 Crore, while the gross equity sold stood at Rs 2,588.70 Crore and gross debt sold stood at Rs 0.00 Crore. Therefore, the net investment of equity and debt reported were Rs 993.20 Crore and Rs 10.00 Crore respectively.

On Friday, the partially convertible rupee closed at 47.61/62 per dollar, flat as compared to previous close at 47.60/61. The local currency had surged an intra day high of 47.37 against the green back.

On BSE, total number of shares traded were 56.51 Crore and total turnover stood at Rs 7,897.45 Crore. On NSE, total number of shares traded was 129.89 Crore and total turnover was Rs 23,706.55 Crore.

Top traded volumes on NSE Nifty – Unitech with 72746311 shares, Suzlon Energy with 58382257 shares, Hindalco with 35767252 shares, Tata Steel with 14190125 shares, followed by Idea Cellular with 13909756 shares.

On NSE Future and Options, total number of contracts traded in index futures was 781871 with a total turnover of Rs 17,244.10 Crore. Along with this total number of contracts traded in stock futures were 463465 with a total turnover of Rs 28,402.22 Crore. Total numbers of contracts for index options were 1152359 with a total turnover of Rs 26,976.32 Crore and total numbers of contracts for stock options were 46406 and notional turnover was Rs 2,829.77 Crore.

Today, Nifty would have a support at 4,493 and resistance at 4,635 and BSE Sensex has support at 15,110 and resistance at 15,359.

For details contact AjayJP@MOSTIndia.com

Two Technopark incubated companies — MobMe and Light Logics Holography and Optics Ltd — have won national awards for their respective innovations. MobMe won the Nasscom award 2008 for the most innovative start-up and the Indian Science and Technology Entrepreneurs Parks and Business Incubators Association (ISBA) award for the best start-up ICT company of 2008. Light Logics won the ISBA award for the best start-up engineering company of 2008.

MobMe is a two-year-old technology start-up incubated by the Technopark Business Incubation (TBI) initiative founded by a bunch of engineering students while in their college.The company won the award for its flagship product, Mobshare.in, which is a mobile contents sharing platform and distribution network. Its enterprise solution today powers CNN-IBN’s and Mid-Day’s Mobile Citizen Journalism initiative, among others.

Light Logics is a business initiative of a group of scientists and engineers with long years of experience in holographic imaging. The company manufactures and sells core machines for holographic imaging, master security holograms, vibrant display holograms and a range of intelligent and strategic holographic products of international quality.

The CEO’s of both the companies were honored by T-TBI Chairman & CEO-Technopark, Mr.Siddhartha Bhattacharya by presenting them momentos on behalf of Technopark-TBI. The three National Awards won by our Incubatees, MobMe and Light Logics add a golden feather to the crown of the Best TBI in the country.  T-TBI has become so successful only with continual motivation, guidance and the support given by Dr.Ajay Kumar IAS, Secretary IT, and Mr.Siddhartha bhattacharya, Chief executive Officer, Technopark & Chairman-T-TBI all through the years. The team spirit we gained through our past experiences give us confidence to move forward in accomplishing our goal of promoting the spirit of innovation and entrepreneurship nationwide. This will help us to groom more home grown companies for the upcoming District IT Parks.

Ghost! Yes you read it right. A ghost is floating around the Technopark campus and the adjacent Kerala University campus in Trivandrum. Its feet are not touched on the ground. This ghost has been featured in Malayala Manorama recently. They have traced its origin too. Obviously someone has to die before she gets to walk without her feet touching the ground. As the folklores would have it most of the ghosts were passionate lovers once upon a time; often one rich and the other one poor. The story is no different here too. The poor lover was murdered by the girl’s mighty family and the girl, Hymawati was her name,

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It passes through a beautiful lush green environment sidelined by big trees and cooled by its shadows. But its condition was very bad that anybody using it would never forget the bad experience. This was the curse on it. But like every other curse, this too was followed by ‘moksha’. And the bad experience is going to be a story of the past.

Its a road that I’m talking about. The Karyavattom- Thrippadapuram road. Despite the gutters and small width, it is a highly preffered road to Technopark for those coming from Sreekaryam side. The Public Works Dept. (PWD) gives ‘moksha’ to it. They have commenced the maintenance work of this road and is expected to get it completed in less than a weeks time. It is better to avoid commuting through this road till then.

Well, its a good move from the authorities’ side. It would have been a perfect one if they have given importance to the speed-cutters like bumps at the appropriate regions of this narrow road with a number of curves, thus making it ’safe and beautiful’ cipro and bcp  . coral calcium guru

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Most of you do remember ‘Swades Solutions’ which initiated the offsite incubation of India’s finest it park, technopark.

Most of the students take a routine life style. Complete schooling, get some degree, and get into some company. Work there until “the boss” fires you or you quit. But when Deepak,Abhinav,Ashwin and Hisam from L.B.S College of Engineering,Kasaragod did things differently, they are no longer the guy-next door.And when technopark took them into their incubator family, nuturing with right support and publicity they started creating magic.

“Swades” was the perfect project to take further, and when the team shared belief in it, and vision for it, marked the beginning of “Innoz“. Innoz Technologies is a software firm incubated under T-TBI,Technopark. This startup has been initiated for the need of brilliance and innovation in the software field mainly focusing on 3 fields mobile, internet and new media.

“Do what you love, Be your own boss and make a million to smile for”. That’s our mission-says Deepak,CEO,Innoz.

Know more about Innoz at their official website http://www.innoz.in

Recently Innoz had been nominated for TATA and NEN Hottest Startup awards by NEN.It’s a people’s awards so definitely we need to support. Innoz Technologies is the youngest and only student startup from Kerala, to get nominated!! So lets get to the point: As a family, we technoparkians would definitely need to help them to get the best ranking possible.

Each votes matters them a lot

About TATA NEN hottest startups awards

TATA NEN Hottest Startups awards is India’s only community-chosen awards for Indian start-ups.Brought to you by National Entrepreneurship Network and TATA Group, in association with Helion, Mint , Seedfund and Wadhwani Foundation

What if innoz get into the top 30?

The Awards has the outcome of directly helping the 30 short listed companies, and providing even greater support and visibility to the Top 5 Winners.

Winners of TATA NEN Hottest Startups will receive a potent combination of publicity and business support, designed to spur their growth to the next level.
Prizes in the TATA NEN Startup Awards include:
•   Business training, mentoring and incubation support of upto Rs. 50 lakhs by IIM-A and CIIE
•   Incubation opportunity to a befitting venture by IIM-B and NS Raghavan Centre for Entrepreneurial Learning (NSRCEL)
•   Admission to Microsoft’s StartUp Accelerator Program for at least one winner
•   All Shortlisted startups will receive direct admission to pitch to Angels courtesy Indian Angel Network and Mumbai Angels and admission to TiE’s nurturing program

In addition, all nominated companies stand a chance to be invited for the TATA NEN Hottest Startup Funding Challenge 2008. The funding will be provided by Seedfund and the winner could receive 2 to 3 crores of investment capital subject to evaluation from them. The final decision on the funding for the winning company will rest with Seedfund. A great launchpad for the young team to showcase their products and that’s what we it all matters.

The most important thing : UR VOTING FORMAT

For SMS voting type HOT<space>66 and Send to 56767

For online voting go to www.vote.innoz.in

Deadline of the contest is 1st November 2008.

Technopark near here, one of India’’s oldest IT parks, on Sept 4 embarked on a new stage of growth with the beginning of work on its third phase. Phase III of Technopark will cover an area of 92 acres and will be an IT/ITES special economic zone. While 40 of the 92 acres will be built by a private developer, the remaining land will be developed by the Technopark authorities.

The private developer will be chose via a competitive bidding process, which is currently on. Some of the land being retained for development by the Technopark authorities will be given to individual IT companies to build their own campuses. The total infusing in phase three of the park is expected to be over Rs 1,500 crore. Once phase three is complete, Technopark-Thiruvananthapuram will have a built-up area of around 10 million square feet and will directly employ at least 100,000 IT/ITES professionals

National airline of the Maldives, Maldivian has gone live with the newew-generation passenger service system developed and marketed by IBS. Accrodign to IBS Group the product named ‘aiRES’, will assist the maldivian airline to effectively and efficiently manage reservation of passengers, control of fares, ticketing and departure control functions. As per Maldivian Airlines, they has selected the solution provided by IBS for its cost-effectiveness, right results, low implementation time and moreover the flexible features offered. The IBS solutions has it head quarters at the Technopark, Trivandrum and is a leading developers of new-generation Information Technology solutions. The Maldivian airlines is the latest addition to the list of airlines using solutions developed by IBS.