Insider Trades:
EID Parry India Ltd: Mr. M. M. Venkatachalam, Director has purchased from open market 100000 equity shares of EID Parry India Ltd on 15th March, 2007.
Deepak Fertilizers And Petrochemicals Corporation Limited: Shri Chimanlal Khimchand Mehta, Chairman has purchased from open market 1000000 equity shares of Deepak Fertilizers And Petrochemicals Corporation Limited on 13th and 14th March, 2007.
AMD Metplast Limited: Swiss Finance Corporation (Mauritius) Ltd has purchased from open market 500000 equity shares of AMD Metplast Limited on 19th March, 2007
Market Volumes:
The turnover on NSE was down by 3.5% to Rs58.39bn. BSE Bank index was the major gainer and gained 4.04%. BSE FMCG index (up 2.26%), BSE Technology index (up 1.77%), BSE PSU index (up 1.74%), BSE Metal index (up 1.42%) and BSE Oil & Gas index (up 1.26%) were among the other major gainers.
Volume Toppers:
IFCI, ITC, SAIL, India Cements, Idea Cellular, R Com, Teledata Informatics, Satyam Computer, IDBI, Ashok Leyland, Mindtree, RNRL, IVRCL Infrastructure, HLL, Hindalco, Indiabulls, TTML, IDFC, Tata Steel, ICICI Bank, Bank of India, Syndicate Bank and ACC.
Upper Circuit:
Tanla, Nelco, Rasoi Ltd, Anant Raj Industries, Donear Industries, Garware Offshore and Rap Media
Delivery Delight:
Amtek Auto, ACC, Bharti Airtel, CESC, Cummins India, Divis Laboratories, ICICI Bank, India Infoline, Infosys, Jet Airways, Jyoti Structures, L&T, M&M, Matrix Laboratories, Opto Circuits, PNB, Reliance Communications, State Bank of India, Sun TV, Tata Motors, UTI Bank and Yes Bank.
Brokers Recommendation:
Nestle India – Outperform from CLSA
Long Term investment:
Ramkrishna Forgings
Major News Headlines:
China steel firms suspend Indian ore shipments
M&M to pay interim dividend of Rs7.5 per share
Punj Lloyd gets additional contract valued at Rs2.6bn
Kotak Mahindra Bank to raise $45mn selling bonds to IFC
SAIL, JP Associates to set up cement plant
TRAI cuts access deficit charges for international calls
Ashok Leyland to pay Rs1.5 per share as mid-year dividend
Suryajyoti spinning raises $10mn by selling securities
Great Offshore to pay Rs8 per share as mid-year dividend
RIL seeks Export Unit status for Jamnagar Refinery: reports
IDEA is considering separating its relay-tower business
Idea & IBM sign 10 year business transformation pact totaling up to $800mn