Insider Trades:
Visaka Industries Ltd: Dr G. Vivekanand, Managing Director has purchased from open market 8000 equity shares of Visaka Industries Ltd on 2nd March.
Mercator Lines Limited: Mr. Anil Khanna, Director has purchased from open market 4000 equity shares of Mercator Lines Limited on 5th March.
Market Volumes:
The turnover on NSE was down by 11.5% to Rs79.54bn. BSE Metal index was the major gainer and gained 4.58%. BSE Capital Good index (up 4.51%), BSE Bank index (up 4.45%), BSE Pharma index (up 3.76%) and BSE PSU index (up 3.46%) were among the other major gainers.
Volume Toppers:
IFCI, SAIL, TTML, Indus Fila, ITC, Broadcast Initiatives, India Cement, R Com, IDFC, Evinix, MTNL, Ashok Leyland, Tata Steel, Mind Tree, Reliance Industries, IVRCL Infrastructure and Oriental Trimex.
Upper circuit filters:
Ansal Infrastructure, Binani Industries, Gujarat Fluro Chemicals, Mangalam Cement, Kesoram Industries, Nirlon, 3M India, Deccan Aviation, India Infoline, Swan Mills, Aftek, Aurionpro Solution, Classic Diamond, Crest Animation, Crew BOS, Era Construction, HOV Services, IOL Broadband, KS Oils, Taneja Aerospace and Vkran Software.
Delivery Delight:
Alstom Projects India, Apollo Hospitals, ACC, Bata India, Bombay Dyeing, Canara Bank, Cummins, Divis Laboratories, Federal Bank, Glenmark, GTC Industries, Gujarat Ambuja Cements, HCL Technologies, India Cements, India Infoline, IPCL, Infosys, IDFC, MTNL, Maruti, Nagarjuna Construction, NDTV, ONGC, Praj Industries, Ranbaxy, Reliance Industries, SBi, SAIL and Titan Industries.
Brokers Recommendation:
Patel Engineering – Buy from Kotak
Tata Tea – Sell from Merrill Lynch
Long Term investment:
HCL Tech
Major News Headlines:
Unitech to invest $500mn to develop residential projects
Tata Tele plans to separate towers business
Tata Steel buys 70% in 2 rolling mills in Vietnam
Wockhardt to pay Rs5 per share interim dividend
PM asks PSUs to look for M&As, listing
Japan, India may jointly invest in Oil, Gas Exploration
RPG to pump Rs25bn in retail expansion
Teledata Informatics gets order from Bihar Government
EIH plans to sell shares to raise as much as Rs4bn