nsider Trades:
Mercator Lines Limited: Mr. Harish Kumar Mittal, Chairman & Managing Director has sold in open market 450000 equity shares of Mercator Lines Limited on 14th March, 2007.
NIIT Limited: (1) Morgan Stanley & Co. International Limited A/c Morgan Stanley Dean Witter Mauritius Co. Ltd. (2) Morgan Stanley & Co. International Limited A/c Morgan Stanley Investment Mauritius Ltd has purchased from open market 24189 equity shares on 9th March, 2007.
Market Volumes:
The turnover on NSE was down by 11% to Rs77.77bn. BSE FMCG index was the major gainer and gained 1.74%, BSE Metal index (up 1.34%), BSE Technology index (up 1.02%) and BSE Pharma index (up 0.55%) were among the other major gainers. However, BSE Bank index lost 1.23%.
Volume Toppers:
Idea Cellular, India Cement, ITC, MindTree, R Com, Evinix, TTML, Parsvnath, IDFC, Broadcast Initiatives, Rolta, HLL, Hindalco, Indiabulls, Reliance, Firstsource, Praj Industries and Satyam.
Upper Circuit:
GMR Industries, Unitech, Bank of Rajasthan, Alps Industries, Goldstone Technology, Tanla, Autoline Industries, Pantaloon, Dawn Mills, Nesco, Shree Precoated Steels, Gemini Communications, Ganesh Housing, Heritage Food and BF Utilities.
Delivery Delight:
Allahabad Bank, Aptech, BILT, Balrampur Chini, Bharat Forge, Century Textiles, Crompton Greaves, Dr Reddys, Federal Bank, Hindalco, HCC, IOB, Infosys, Polaris, Punj LLoyd, Rolta, Satyam and TCS.
Brokers Recommendation:
Maruti – Outperform from CLSA
Long Term investment:
BEML.
Major News Headlines:
RIL, GAIL sign comprehensive cooperation agreement
BEML Board to meet on March 29 to consider public issue plan
Maruti raises prices across models
Kirloskar Brothers gets Rs3.44bn order
Areva raises bid for REpower, countering Suzlon offer
i-flex gets enterprise software order from Israeli Bank
Praj Industries wins contract from Cronpenergies AG unit
L&T Consortium gets Rs14bn order
TCS wins order from Temasek