Insider Trades:
Titan Industries Ltd: Mr. Rakesh Jhunjhunwala and persons acting in concert with him has purchased from open market 50000 equity shares of Titan Industries Ltd on 22nd March, 2007.
Market Volume:
The turnover on NSE was down by 21% to Rs67.53bn. BSE Bank index was the major loser and lost 1.98%. BSE Auto index (down 1.78%), BSE Capital Good (down 1%), BSE Technology index (down 0.97%) and BSE FMCG index (down 0.53%) were among the major losers.
Volume Toppers:
IFCI, ITC, SAIL, Idea, R Com, Gujarat Ambuja, Bajaj Hindusthan, HLL, Page Industries, Satyam Computer, IPCL, India Cement, Tata Steel, Hindalco, Tata Motors and MTNL.
Lower Circuit:
GMR Industries, Unitech, Goldstone Technology, Nahar Exports, McLeod Russel, Atlanta, PSTL, Mefcom Agro and HOV Services.
Brokers Recommendations:
Crompton Greaves – Buy from Kotak with target of Rs245
Colgate – Buy from Citigroup with target of Rs413.
Long Term investment:
R Com
Major News Headlines:
Glenmark concludes agreement to acquire Medicamenta
DCM Shriram Consolidated plans to sell, lease some of its land
SBI expected to get Singapore Banking License
Gateway Distriparks forms JV with Container Corp
BSEL Infra gets new projects at Gujarat
Hindujas purchase land in Dubai's Waterfront project
R Com plans overseas share plan for unit - Reports
Punj Lloyd to construct residential community in Bahrain, contract valued at Rs 5.42bn
Nagarjuna Constructions gets orders worth Rs3.02bn
Jindal Stainless to pay Rs1.6 per share as mid-year dividend
BPL to consider plan to sell securities to select investors