Insider Trades:
Prajay Engineers Syndicate Limited: Goldman Sachs Investments (Mauritius) I Limited ("GSIMI") has purchased from open market 63000 equity shares of Prajay Engineers Syndicate Limited on 15th March, 2007.
Eimco Elecon (India) Ltd: HDFC Mututal Fund - HDFC Growth Fund has purchased from open Market 205000 equity shares of Eimco Elecon (India) Ltd on 15th March, 2007.
Market Volumes:
The turnover on NSE was down by 42.1% to Rs49.65bn. The lacklustre turnover was because of a bank holiday on account of Gudhi Padva. BSE PSU index was the major gainer and gained 2.62%, BSE Technology index (up 2.23%), BSE Capital Good index (up 2.09%), BSE Consumer Durable index (up 2%) and BSE Bank index (up 1.81%) were among the other major gainers. However, BSE FMCG index lost 0.32%.
Volume Toppers:
IFCI, AMD Metplast, Idea Cellular, R Com, Gujarat Ambuja, India Cement, Mind Tree, IDFC, SAIL, Indiabulls, TTML, MTNL, Bank of India, Parsvnath, Rolta, Satyam Computer, Page Industries, Hindalco, Ashok Leyland and NTPC.
Upper Circuit:
GMR Industries, Max India, Jayshre Tea, Alps Industries, Mcleod Russel, Nirlon, Borosil, Gemini Communication, Nucleus Software and Tanla.
Delivery Delight:
Adlabs Films, Aptech, Assam Company, Bajaj Auto, Birla Corporation, Bombay Dyeing, Cipla, Divis Laboratories, Gateway Distriparks, GVK Power & Infrastructure, HCL Technologies, MTNL, Maruti, Nicholas Piramal, NIIT Technologies, Orchid Chemicals, Praj Industries, Punj LLoyd, Satyam Computer and Titan.
Brokers Recommendation:
Tata Steel – Outperformer From SSKI
Long Term investment:
TCS
Major News Headlines:
ITC falls after WB Govt plans to levy VAT on tobacco products
RCom gets court nod for demerger of tower business
Diamond Cables gets order worth Rs440mn
Govt to divest residual stake in Maruti in FY08
Canara Bank sells 49% stake in unit to Robeco for Rs1.15bn
Shopper's Stop to buy 19% of Hypercity Retail
RSWM buys 48% in Cheslind Textiles at Rs25 per share
Punjab Chemicals plans venture with US based Source Dynamic