Market Watch

Market volumes:

The turnover on NSE was down by 8.6% to Rs68.67bn. BSE Auto index was the major loser and lost 6.15%. Bank index (down 5.95%), BSE Capital Good index (down 5%), BSE Technology index (down 4.54%) and BSE Metal index (down 4.20%) were among the other major losers.

Volume Toppers:

Sakthi Sugar, Balrampur Chini, R Com, Rana Sugar, ITC, Bajaj Hindusthan, Satyam Compauter, Gujarat Ambuja, Reliance Industries, IVRCL Infrastructure, Tata Motors, Idea Cellular, Ashok Leyland, TTML, HLL, Tata Steel and Ranbaxy.

Lower Circuit filters:

Ansal Infrastructure, Crisil,. GMR Industries, Max India, Unitech, Simplex infrastructure, BSEL Infrastructure, McLeod Russel, Deccan Aviation, Atlanta, Dawn Mills, Nesco, Mefcom Agro, Shree Precoated, Country Club, HOV Services, Ganesh Housing, KS Oils, Taneja Aerospace and BF Utilities.

Delivery Delight:

Aurobindo Pharma, Balrampur Chini Mills, Colgate, Dhampur Sugar, GAIL, India Infoline and Sakthi Sugars.

Brokers Recommendation:

BHEL – Buy from Merrill Lynch

Long Term investment:

SAIL

Major News

India's Feb imports rose 25.1% to $14.66bn vs a year earlier and Exports rose 8% to $9.7bn

ACC March cement sales at Rs1.81mn (up 3.42%)

Tata Motors March Sales Rise 11% on Truck, Bus Demand

Maruti March Sales at 71772 units (up 13.5%)

Bajaj Auto led group buys additional stake in Bajaj Hind

Rana Sugars FY07 profit to gain Rs100mn on Carbon credit

Bharti Airtel reduces Overseas call Tariffs

Ranbaxy to conduct Pre-clinical Trails on respiratory drug

Indian Refiners raises jet fuel prices by as much as 4.5%

Warburg Pincus units raises stake in Moser Baer