Insider Trades:
Vishal Exports Overseas Limited: Pradeep S Mehta, Director has sold in open market 3826920 equity shares of Vishal Exports Overseas Limited from 20th Feb to 23 Feb, 2007.
Orchid Chemicals & Pharmaceuticals Ltd: HSBC Global Investment Funds - A/C HSBC Global Investment Funds (Mauritius) Limited along with the PAC - Halbis Capital Management (Hong Kong) Limited has sold in open market 189000 equity shares of Orchid Chemicals & Pharmaceuticals Ltd on 20th February, 2007.
Market Volumes:
The turnover on NSE was down by 9.8% to Rs90.46bn. BSE Metal index was the major gainer and gained 2.29%. BSE FMCG index (up 1.45%), BSE Bank index (up 0.63%) and BSE Auto index (up 0.54%) were among the other major gainers. However, BSE technology index lost 0.87%.
Volume Toppers:
IFCI, Power Finance, Firstsource, SAIL, ITC, TTML, IDFC, Tata Steel, Gujarat Ambuja, Zee News, India Cement, Balrampur Chini, Satyam Computer, Ashok Leyland, IVRCL Infrastructure, Rolta, Aptech, Indiabulls and Praj Industries.
Lower Circuit Filters:
Anant Raj Industries, GMR industries, Shree Precoated, SwanMills, Ansal Housing, BSEL Infrastructure, Country Club, Crew BOS, DS Kulkarni, Heritage Foods, Ganesh Housing, KS Oils, BF Utilities, Tanla, Atlanta, Shah Alloys, PSTL, Shree Ashtavinyak and Autoline Industries.
Delivery Delight:
ABG Shipyard, Bajaj Hindustan, Balrampur Chini, BEML, CESC, Dr Reddys Laboratories, Gateway Distriparks, IVRCL Infrastructures, Jyoti Structures, Maruti, Nagarjuna Construction, Reliance Capital, Rolta, Satyam Computer, Sesa Goa and Tisco.
Brokers Recommendations:
Suzlon – Buy from Edelweiss
Wockhardt – Overweight from Morgan Stanley
Long Term investment:
BEML
Major News Headlines
Govt cuts Rail freight rates on Diesel, Petrol by 5%; on Iron ore by 6%
Network 18 Board to mull rights issue on 5th March
NTPC bids for acquiring power project in Egypt
Nissan, to build car plant with Renault, Mahindra in Chennai
BHEL gets order worth Rs1.44bn
House of Pearl gets orders worth Rs300mn from US Buyers
Shoppers Stop, Hyper City retail sign preliminary accord
McNally Bharat gets Rs5.5bn order
GE Shipping to sell stake in unit
Plethico Pharma to raise funds for acquisition in US
Ram Informatics receives letter of indent from Sunrise Systems
Autoline Industries acquires 51% stake in Stokota of Belgium for Rs668mn
Petron Engineering secures orders worth Rs48.1nm
Kaveri Telecom bags contract from Idea Cellular
HOV Services buys Lason Inc for US$148mn