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Friday, February 23, 2007

Market Watch & Insider Trades


Insider Trades:
Vishal Exports Overseas Limited: Subhash Chandra C Mehta, Director has sold in open market 291,439 equity shares of Vishal Exports Overseas Limited on 15th February, 2007.

Market Volumes:
The turnover on NSE was up by 38% to Rs117bn. BSE Bank index was the major loser and lost 2.48%. BSE Pharma index (down 2.10%), BSE Auto index (down 1.86%), BSE PSU index (down 1.29%) and BSE FMCG index (down 1.01%) were among the other major losers.

Volume Toppers:
IFCI, First Source, Zee News, SAIL, Hindalco, TTML, Ashok Leyland, R Com, HLL, Tata Steel, India Cement, TV Today, Aftek, MTNL, Arvind Mills, Escorts, GBN and Reliance Industries.

Delivery Delight:
ABG Shipyard, BRFL, CEAT, Deepak Fertilizers, Escorts, Gujarat NRE, I-Flex, IOC, IndusInd Bank, ING Vysya, Jagran Prakashan, JINDAL SAW, Lloyd Electric, Maharashtra Seamless, Moser Baer, Nitco Tiles, Pantaloon Retail, Reliance Communications, TCS and TV Today.

Lower Circuit Filters:
Ansal Infrastructure, SSI Ltd, RMCL, Aviva Industries, Flawless Diamond, Shree Precoated, Ganesh Housing, Heritage Foods and Nirlon.

Long Term Investment:
TCS

Major News Headlines:

Wockhardt Q4 net at RsRs871mn (up 19.4%), revenues at Rs5.34bn (up 44.7%)

Wockhardt to pay Rs5 dividend per share for 2006

Sterlite optical secures orders worth Rs1.5bn

House of Pearl acquires new warehouse in UK

Ganesh Housing signs MoU with Gujarat Govt

Cement stocks fall on concern that Govt may ban exports

Max India hikes FII investment limit to 49%

Max India to raise Rs10bn via QIP issue

Morgan Stanley ends JV with JM Financial

Govt denies reports of income-Tax raids on stock brokers

India Cements to consider merger with Visaka Cement Industry

Gail plans to spend $2.7bn for pipeline expansion

Jindal Saw gets US order worth $355mn