Pentafour is back:Pentafour Software is back in the limelight. However, this time around, it was not due to the erractic price fluctuations but for the deals reported on the negotiated segment of BSE. The counter witnessed three negotiated deals: one of 5,100 shares and two deals of 10,000 shares at the prevailing average market price of Rs 835. While the deal was of a negotiated type, the seller was ABN Amro Securities and the buyer was the broking house of a leading BSE director. The counter also witnessed another deal of 4,300 shares at Rs 830. The deal was reported by Jardine Fleming Broking.

Refineries continue to gain: `After UTI, its now the turn of James Capel to provide a helping hand to the refinery stocks,' said a broker in the light of the huge cross deals reported by the FII brokerage house at the counter of HPCL on Wednesday. While brokers already started betting on refinery stocks as the best buy for the medium term, the huge deals reported by James Capel on Wednesday provided a confirmation to the market.Refinery stocks such as HPCL, BPCL and Cochin Refineries continued with their upward march for the second consecutive day. In the absence of the kerb market, operators now seem to have resorted to age old mechanism of not only discussing prices but also establishing bids and quotes within the jurisdiction of their offices. According to market grapevine, HPCL is likely to cross the barrier of Rs 250 in the short run. Today, the stock was locked at Rs 209.50 the upper band of the price filter on the NSE. New era: Hanil Era Textiles, a non-specified stock, witnessed a single cross deal of 10.79 lakh shares reported at the price of Rs 1.50. According to the market grapevine, the deal was reported by CSFB. The FII was rumoured to have picked up the chunk on behalf of a leading investment banker. However, it could not be confirmed. According to brokers, the deal could be an indication of another take over.