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Thursday, March 15, 2007

Market Watch & Insider Trades


Insider Trades:

Maruti Udyog Limited: Life Insurance Corporation of India has purchased from open market 79400 equity shares of Maruti Udyog Limited on 5th March, 2007

Educomp Solutions Limited: Shantanu Prakash, Managing Director has sold in open market 75000 equity shares of Educomp Solutions Limited on 13th March, 2007

The Great Eastern Shipping Co. Limited: Bharat K. Sheth, Deputy Chairman & Managing Director has purchased from open market 100000 equity shares of The Great Eastern Shipping Co. Limited on 8th March, 2007

Market Volumes:

The turnover on NSE was up by 6% to Rs86.70bn. BSE Bank index was the major loser and lost 4.14%. BSE Technology index (down 3.98%), BSE Capital Good index (down 3.31%), BSE PSU index (down 3.06%) and BSE Oil & Gas index (down 2.96%) were the other major losers.

Volume Toppers:

IFCI, ITC, Mindtree, Parsvnath, India Cemnets, Gujarat Ambuja Cements, SAIL, R Com, TTML, Ashok Leyland, IDBI, IDFC, HLL, HCC, Satyam Computers, IVRCL Infrastructures, NTPC, Tata Steel, Unitech and Century Textiles.

Lower Circuit:

Crisil, GTN Industries, Nelco, Shah Alloys, Atlanta, PBA Infrastructure, Country Club, Steel Stripes.

Delivery Delight:

Bajaj Auto, Biocon, D S Kulkarni, Gitanjali Gems, Mphasis BFL, Sesa Goa, Unitech and Essar Oil.

Brokers Recommendation:

Hindalco – Sell from Merrill Lynch
Maruti – Buy from Merrill Lynch

Long Term investment:

ICICI Bank

Major News Headlines:

Moody's says India's budget lacks 'market-oriented' reforms

Jan infrastructure output rises 8.7%

RIL may buy stake in Carrefour's parent: report

Siemens-BHEL consortium bags Power Grid order

PSL bags order worth US$21mn from RIL

WWIL Board to meet on Mar 20 to consider rights offer

BPCL to acquire stake in 2 North Sea oil blocks

Jagran Prakashan raises ad rates of Dainik Jagran

Strides Arcolab gets 2 NDA approvals from USFDA

Gayatri Projects gets orders worth Rs1.92bn

Nagarjuna Constructions secures orders worth Rs3.48bn

Uttam Galva to raise cold-rolled steel prices

Biocon unit Syngene in reserach partnership with Bristol Myers