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