Insider Trades:
Cinemax India Limited: ICICI Prudential Life Insurance Company has purchased from open market 194984 equity shares of Cinemax India Limited on 28th March, 2007.
The Great Eastern Shipping Co. Limited: Mrs.Asha V Sheth, Director has purchased 10000 equity shares of The Great Eastern Shipping Co. Limited on 29th March, 2007.
Prime Securities Limited: Mr. N Jayakumar, President has purchased from open markets 15000 equity shares of Prime Securities Limited on 30th March, 2007
Market Volumes:
The turnover on NSE was down by 1.7% to Rs67.45bn. BSE PSU index was the major gainer and gained 2.16%. BSE Oil & Gas index (up 1.86%), BSE Technology index (up 1.57%), BSE FMCG index (up 1.33%) and BSE Capital Good index (up 1.12%) were among the other major gainers.
Volume Toppers:
IFCI, SAIL, Sakhti Sugar, IVRCL Infrastructure, Balrampur Chini, Rana Sugar, NTPC, Bajaj Hindusthan, R Com, Renuka Sugar, Indiabulls, Satyam Computer, HLL, ITC, Bank of India, Gujrata Ambuja, Idea Cellular, Reliance industries, Sterlite industries and Infosys.
Lower Circuit:
Ansal Infrastructure, Unitech, Simplex Infrastructure, Atlanta, Dawn mills, Mefcom Agro, Shree Precoated and DS Kulkarni.
Delivery Delight:
Aptech, Bajaj Hindustan, Bank of India, BHEL, Gammon India, Glenmark, Hero Honda, HLL, Infosys, IVRCL Infrastructures, Jet Airways, NTPC, Praj Industries and SAIL.
Brokers Recommendation:
Patni Computers - Buy from Citigroup with target price of Rs463
BHEL – Buy from Prabhudas Liladhar with target price of Rs2633.
Long Term investment:
Colgate.
Major News Headlines:
Govt scraps CVD and SAD on cement to curb prices
BHEL FY07 provisional profit at Rs23.85n and provisional revenues at Rs187bn
BHEL plans to make new oil rigs for ONGC
Orchid Chemical to enter Canadian generic formulations market
Renault to sell Logan in JV with M&M
Hershey to buy 51% stake in Godrej Beverages
Indian Hotels unit to acquire Hotel Campton Place
Petron Engineering wins Rs190mn order from Reliance Petroleum