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Monday, February 26, 2007

Market Watch


Insider Trades:
Lloyd Electric & Engineering Ltd: (i) Morgan Stanley & Co. International Ltd. a/c Morgan Stanley Dean Witter Mauritius Co. Ltd (ii) Morgan Stanley & Co. International Ltd a/c Morgan Stanley Investment Mauritius Ltd has purchased from open market 50000 equity shares of Lloyd Electric & Engineering Ltd on 19th February, 2007.

Market Volumes:
The turnover on NSE was 13% to Rs103.3bn.BSE Bank index was the major loser and lost 3.42%. BSE FMCG index (down 3.35%), BSE Technology index (down 3.22%) and BSE Pharma index (down 2.65%) were among the other major losers.

Volume Toppers:
PFC, IFCI, Firstsource, TTML, SAIL, IDBI, ITC, India Cement, Tata Steel, Hindalco, R Com, Ashok Leyland, Satyam Computer, IVRCL Infrastructure, Cinemax India, Reliance Industries and HLL.

Lower Circuit Filters:
Amara Raja, Unitech, GMR Industries, Kesoram Industries, Nelco Ltd, Classic Diamond, KRBL, Fedders Lloyd, Swan mills, Nesco, Alps Industries, Ansal housing, BSEL Infrastructure, Crew BOS and Country Club.

Long Term investment:
Valecha Engineering.

Major News Headlines:

ICICI Bank raises Deposits, Lending rates by 50 basis points

Nitco Tiles to raise funds up to Rs2.5bn by way of FCCBs/GDRs/ADRs/QIP

Pratibha Industries to raise Rs2bn by way of QIP

Atlanta withdraws record date for stock split

Sterlite Optical gets contracts worth Rs1.5bn from power Grid Corporation of India

House of Pearl acquires new warehouse in UK