Insider Trades:
Punjab National Bank: Goldman Sachs Investments (Mauritius) I limited ("GSIMI") has purchased from open market 2000000 equity shares of Punjab National Bank on 7th March, 2007
Market Volumes:
The turnover on NSE was down by 15% to Rs83.31bn. BSE Capital Good index was the major gainer and gained 1.67%. BSE Auto index (up 1.12%), BSE Pharma index (up 0.80%), BSE PSU index (up 0.78%) and BSE Technology index (up 0.74%) were among the other major gainers.
Volume Toppers:
IFCI, Idea Cellular, India Cement, SAIL, MindTree, IDFC, Century Textile, IDBI, Evinix, Balrampur Chini, HLL, Ashok Leyland, Reliance Petroleum, Himachal Futuristic, Satyam, Firstsource, Broadcast Initiatives and Triveni Engineering.
Upper Circuit Filters:
Ansal Infrastructure, GMR Industries, Bhushan Steel, Peninsula Land, Surana Telecom, Sical Logistics, Aftek, Alps industries, KLG Systel, Swan mills, Shree Precoated, Ganesh Housing, Ansal Housing, Goldiam International, Heritage Foods, IOL Broadband, KS Oils and Tele Data Informatics.
Delivery Delight:
Bajaj Auto, Bajaj Hindusthan, Balrampur Chini, Bata India, Bharat Forge, Bharti Airtel, BOC India, Glenmark, HCL Tech, HPCL, ICICI Bank, India Cements, ONGC, Punj LLoyd, Reliance Capital, Satyam, TCS, VSNL and Wipro.
Brokers Recommendation:
RMCL – Buy from Man Financial.
Long Term investment:
Punj Lloyd
Major News Headlines:
Industrial production grows more than expected in January
Punj Lloyd to build a new polyethylene plant in Saudi Arabia
Cadila gets USFDA nod for Paroxetine tablets
Hindalco to pay Rs1.7 per share interim dividend
Reliance Industries makes two new gas discoveries off the East Coast
Reliance ADAG, Bharti, MTNL bid for Saudi licenses
Grasim to pay Rs27.5 a share as mid-year dividend
IVRCL gets orders worth Rs3.13bn
NDTV signs agreements with Com Ventures For $20mn Investment
Aditya Birla Nuvo to pay Rs5.5 per share as mid-year dividend
Glenmark signs research pact for discovery of therapeutic antibodies
Pyramid Saimira to form mall JV with Shriram