Insider Trades:
Asian Paints Limited: Shri Ashwin Choksi, Chairman has purchased from open market 3500 equity shares of Asian Paints Limited on 26th march, 2007.
Tube Investments of India Ltd: Murugappa Group (Promoters) has purchased from open market 1250000 equity shares of Tube Investments of India Ltd on 15th March, 2007
Market Volumes:
The turnover on NSE was up by 19% to Rs83.63bn. The BSE Technology index was the major loser and lost 2.91%. BSE Auto index (down 2.63%), BSE Bank index (down 2.27%), BSE Consumer Durable index (down 2.23%) and BSE Capital Good index (down 1.62%) were among the other major losers.
Volume Toppers:
IFCI, SAIL, Gujarat Ambuja, Idea, R Com, Balrampur Chini, Satyam Computer, HLL, Bajaj Hindusthan, TTML, India Cement, Indiabulls, Infosys, Tata Motors, Tata Steel, Gujarat NRE and JP Hydro.
Lower Circuit:
GMR Industries, Harrison Malyalam, Kesoram Industries, Nahar Exports, Nesco Ltd, McLeod Russel, Ganesh Housing, Garware Offshore, HOV Services, KEI Industries, Atlanta and Vakran Software.
Delivery Delight:
Apollo Hospitals, ACC, Aurobindo Pharma, BHEL, Dr Reddys Laboratories, Jet Airways, Balrampur Chini Mills, Dwarikesh Sugar, Gujarat NRE Coke, Matrix Laboratories, Ranbaxy, ONGC, Tata Power, Tulip, Sakthi Sugars, Sesa Goa, Strides Arcolab, Uttam Sugar and Wockhardt.
Brokers Recommendations:
Sun Pharma – Accumulate from Edelweiss
Hotel Leela – Outperform from Macquire Research
Long Term investment:
Dr Reddy’s Laboratories
Major News Headlines:
FM sees growth staying 9% or above
Satyam signs Multi year deal with Applied Materials
Wockhardt gets USFDA nod for anti-inflammatory injection
Sun TV to consider stock split on 5th April
Polaris to pay Rs1.25 per mid-year dividend
Sterlite Optical gets order from PGCIL
Jagran Prakashan partners Yahoo India for Hindi website
Glenmark confirms ANDA filing with a Paragraph IV Certification for Zetia Tablets
ABG Shipyard secures $13.5mn Tug Order
Strides Arcolab gets ANDA approval from USFDA for Efavirenz tablets