Insider Trades:
SREI Infrastructure Finance Limited: T. Rowe Price Associates, Inc.& its affiliates acting in concert with the T. Rowe Price New Asia Fund has acquired from open market 2938720 equity shares of SREI Infrastructure Finance Limited on 9th Feb 2007.
Market Volumes:
The turnover on NSE was down by 12% to Rs88.79bn. BSE Metal Index was the biggest gainer and gained 1.56%. BSE Oil & Gas index (up 0.73%) and BSE Tech (up 0.66%) were among the other major gainers. However, BSE Bank index lost 3.99% and BSE Auto index fell by 1.09%.
Volume Toppers:
IFCI, IDBI, Hindalco, SAIL, HFCL, Nagarjuna Fertilizers, R Com, IDFC, IVRCL Infrastructures, Tata Steel, Aftek, Cairn India, Ashok Leyland, HCC and Satyam.
Lower Circuit Filters:
Ansal Infrastructure, GMR Industries, Shree Precoated, Ansal Housing, Dawn Mills, Heritage Foods, KS Oils, Nirlon, Silverline, BF Utilities and Tanla.
Delivery Delight:
Allahabad Bank, ACC, Bajaj Hindustan, CESC, Cummins, GNFC, India Infoline, IDBI, Jyoti Structures, Matrix Laboratories, ONGC, Praj Industries, Reliance Industries, Satyam Computer, Sesa Goa, Tata Power and Wipro.
Brokers Recommendations:
R Com – Buy from Motilal Oswal
Hindalco – Outperform from Macquaire Research.
Long Term Investment:
Tata Power.
Major News Headlines:
Bharti Airtel cuts roaming rates, waives rentals, deposits
Bank of Baroda signs MOU with Pioneer Global to form asset management JV
ONGC, ENI agree to exchange Oil Exploration areas
Tata Motors, Iveco to explore manufacture of trucks, buses
Gitanjali Gems buys Majority stake in Tri-Star Worldwide LLC
PNB raised its prime lending rate to 12.25% from 11.75%