Market Volumes:
The turnover on NSE was down by 10% to Rs70.58bn. BSE Capital Good index was the major loser and lost 2.60%. BSE Bank index (down 1.35%), BSE Consumer Durable index (down 1.29%), BSE Technology index (down 1.20%) and BSE PSU index (down 1.01%) were among the other major losers.
Volume Toppers:
Idea Cellular, R Com, SAIL, Mind Tree, ITC, India Cements, Indiabulls, Unitech, Gujarat Ambuja, Bank of India, TTML, Hindalco, Parsvnath, Reliance Industries, Rolta, Ashok Leyland, Century Textile, Bajaj Hindusthan and SBI.
Lower Circuit:
Crisil, Simplex Infrastructure, Atlanta, Evinix, Vyapar Industries, Mefcom Agro, Swan Mills, Gemini Communication, Vakran Software and Anant Raj Industries.
Delivery Delight:
BEML, Escorts, Essar Oil, GDL, HPCL, Hotel Leela Venture, India Infoline, Indian Overseas Bank, Jet Airways, McDowell, Orchid Chemicals, TCS, UCO Bank, Union Bank of India, Unitech and Wipro.
Major News Headlines
Inflation was 6.46% in week ended March 3 against expectation of 6.31%
Punj Lloyd group to construct UK's First World Scale Bio-ethanol Plant
Parsvnath to build Rs2.5bn shopping mall in Ahmedabad
Tata Motors Singur plant site attacked by Villagers – Reports
Thomas Cook to consider rights issue & recommend dividend on 23rd March
Chidambaram expects Average FY07 inflation at 5.4%
United Phosphorous to pay Rs1.2 per share as mid-year dividend
Karur KCP Packagings gets orders worth Rs184.2mn
Pfizer sells Chandigarh property for Rs2.78bn
Cadila Healthcare has acquired Liva Healthcare
Brokers Recommendation:
Sun Pharma – Buy from CLSA with target of Rs1204
Long Term investment:
BEL