Insider Trades:
Surana Telecom Ltd: Shri Narender Surana, Managing Director has purchased from open market 47107 equity shares of Surana Telecom Ltd from 19th Feb to 15th March, 2007
Shringar Cinemas Limited: Mr. Balkrishna Shroff, Director has purchased from open market 3000 equity shares of Shringar Cinemas Limited on 6th March, 2007.
Market Volumes:
The turnover on NSE was up by 6% to Rs88.82bn. BSE Metal index was the major loser and lost 2.82%, BSE Bank index (down 2.56%), BSE FMCG index (down 2.09%) and BSE PSU index (down 1.24%) were among the other major losers. However, BSE Auto index gained 0.38%.
Volume Toppers:
IFCI, MindTree, Broadcast Initiatives, Gujarat Ambuja, R Com, Ashok Leyland, SAIL, IDFC, TTML, India Cement, ITC, MTNL, IVRCL, RNRL, Satyam, Balrampur Chini, Tata Steel, NTPC, Reliance, Century Textiles, HCC and Hindalco.
Lower Circuit Filters:
Ansal Infrastructure, GMR Ind, Kesoram, Mangalam Cement, Nelco, Shah Alloys, Vyapar Indu, Anant Raj, Shree Precoated, Swan Mills, Action Construction, Electrotherm, BSEL Infra, Garware Offshore, Gemini Communications, Goldiam International, KS Oils, KEI Ind, Vakranjee Software, Taneja Aerospace, Atlanta and Tanla.
Delivery Delight:
Adlabs, Cipla, Dhampur Sugar, GSK Pharma, HDFC, Indian Hotels, IOC, L&T, MTNL, Rolta, Suzlon and Tata Power.
Brokers Recommendations:
Amtek Auto - Buy from Emkay with target of Rs510
Satyam – Buy from Motilal Oswal with target of Rs540.
Long Term investment:
Reliance Communications
Major News Headlines:
Chidambaram says no reason to believe inflation won't slow
Sharad Pawar says no plans to decontrol sugar sector
Govt to invite bids for 9 UMPPs in 12 months
RIL Board to mull IPCL merger on 10th March
Corus shareholders approve $12bn takeover by Tata Steel
Tantia Constructions gets orders worth Rs1.6bn
Punj Lloyd approves a 5:1 stock split
Ranbaxy's Romania unit gets market authorizations for 20 products
Parsvnath buys out partner's stake in JV
M&M to consider interim dividend on 21st March