Major Bulk Deals:
UBS has sold Advani Hotels; Reliance capital has purchased Avaya Global while HDFC MF has sold the stock; HDFC MF has sold Cranes Software while Swiss Finance has bought it; Reliance Capital has picked up Macmillan India while Bear Stearns and Citigroup have sold the scrip; Reliance has also purchased Navneet Publication but Bear Stearns has sold it; Goldman Sachs has picked up Prajay Engineers; Merrill Lynch has bought Tulip IT.
Insider Trades:
Global Broadcast News Limited: Reliance Capital Limited has purchased from open market 1675000 equity shares of Global Broadcast News Limited on 12th February, 2007.
Shringar Cinemas Limited: Mr. Balkrishna Shroff, Director has purchased from open market 5091 equity shares of Shringar Cinemas Limited on 12thFebruary, 2007.
Sakthi Sugars Ltd: M.Manikam, Vice Chairman & Managing Director has purchased from open market 15000 equity shares of Sakthi Sugars Ltd on 1st and 2nd February, 2007.
Punj Lloyd Limited: HDFC Mutual Fund - HDFC Equity Fund, HDFC Prudence Fund, HDFC Top 200 Fund has purchased from open market 600000 equity shares of Punj Lloyd Limited on 7th February, 2007.
Market Volumes:
The turnover on NSE was up by 12% to Rs100bn. BSE Metal index was the major loser and lost 1.52%. Bank index (down 1.31%), BSE Capital Good index (down 0.97%) and BSE FMCG index (down 0.92%) were among the other major losers. However, BSE Oil & Gas index gained 1.10%.
Volume Toppers:
IFCI, TTML, IDBI, Hindalco, SAIL, R Com, Nagarjuna Fertilizers, Unitech, Cairn India, IDFC, ITC, HLL, Ashok Leyland, Akruti, India Cement, Tata Steel, Indiabulls, Parsvnath and HCC.
Lower Circuit Filters:
Ansal Infrastructure, GMR industries, Nelco, BSEL Infrastructure, KEW Industries, Tanla, Saksoft, Fedders Lloyd, Swan Mills, Ansal Housing, Ganesh Housing, Heritage Foods, KS Oils, Nirlon and BF Utilities.
Brokers Recommendation:
Hindalco - Out performer by Enam with target of Rs245.
Long Term Investment:
Tech Mahindra.
Major News Headlines
RBI to raise CRR to 6% in two stages to curb inflation
Tech Mahindra ties up with SITONICS
S&P says Central Bank moves will help 'mute' inflation
TCS says unit has won 'Multimillion Dollar' order from China
Greaves Cotton unit to acquire Germany’s Bukh-Farymann Diesel
Taneja Aerospace signs MOU with BEML
Alstom India gets 3 Hydro Power orders worth Rs7.5bn
Subex Azzure gets contract from South African Phone company
Deccan Chronicle plans to start newspaper in Bangalore