Insider Trades:
R Systems International Limited: Ramneet Singh Rekhi (along with other Promoters) has purchased from open market 6500 equity shares of R Systems International Limited on 30th March, 2007.
Jindal Stainless Limited: Reliance Long Term Equity Fund - Schemes of Reliance Mutual Fund has purchased from open market 98281 equity shares of Jindal Stainless Limited on 30th March, 2007.
Shree Renuka Sugars Limited: 1) Morgan Stanley & Co. International Limited a/c Morgan Stanley Dean Witter Mauritius Co. Ltd. 2) Morgan Stanley & Co. International Limited A/C Morgan Stanley Investment Mauritius Ltd. has purchased from open market 90000 equity shares of Shree Renuka Sugars Limited on 2nd April, 2007.
Market Volumes:
The turnover on NSE was up by 3.3% to Rs69.71bn. BSE Capital Good index was the major gainer and gained 2.23%. BSE Pharma index (up 2%), BSE Metal index (up 1.79%), BSE PSU index (up 1.61%) and BSE Oil & Gas index (up 1.34%) were among the other major gainers.
Volume Toppers:
IFCI, Gujarat Ambuja, NTPC, Ashok Leyland, R Com, Ran Sugar, Idea, SAIL, Balrampur Chini, Bajaj Hindusthan, Gujarat NRE, Renuka Sugar, Dhampur Chini, ACC, IVRCL Infrastructure, IDFC, Aptech, Praj Industries and TTML.f
Upper Circuit:
Crisil, Gujarat Fluro, Deccan Aviation, Atlanta, PSTL, Shree Ashtvinayak, Nirlon, Marg Construction, McNally Bharat, Steel Stripes and Taneja Aerospace.
Abnormal Delivery:
Moser Baer, HCL Technologies, Industrial Development Bank Of India, HDFC Bank, Mphasis BFL, UTI Bank, Hexaware Technologies and McDowell.
Delivery Delight:
ABB, Aptech, ACC, Aurobindo Pharma, BHEL, Bharti Airtel, Century Textiles, Crompton Greaves, Dhampur Sugar, Divis Laboratories, Dr Reddys, GAIL, Glenmark, HCL Technologies, Hindustan Zinc, I-Flex, Jyoti Structures, NTPC, Nagarjuna Construction, Orchid Chemicals, Praj Industries, Sterlite Industries, Strides Arcolab, Titan Industries and Wipro.
Stock Futures with Largest Increases in OI:
Chennai Petroleum, Mahindra & Mahindra, Great Eastern Shipping, Praj Industries, BHEL, Corp Bank, Ultra Tech Cement, Grasim Industries, Kotak Mahindra Bank and Reliance Communications
Stock Futures with Largest Decreases in OI:
Crompton Greaves, Orchid Chemicals, IVRCL Infrastructures, Bajaj Hindusthan, Shree Renuka Sugar, Gateway Distripark and VSNL.
Brokers Recommendations:
ITC – Buy from Deutsche Bank with target of Rs174.
Educomp Solutions – Buy from Merrill Lynch with target price of Rs1270.Long Term investment:
BEL