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Tuesday, February 20, 2007

Market Watch , Insider Info, Trades


Insider Trades:
Larsen & Toubro Limited: Mr. K. Venkataramanan, Whole-time Director has sold in open market 5000 equity shares of Larsen & Toubro Limited on 2nd and 5th February, 2007.

Market Volumes:
The turnover on NSE was down by 28% to Rs77.62. The BSE Bank index was the major gainer and gained 1.48%. BSE Oil & Gas index (up 0.42%), BSE Metal index (up 0.34%) and BSE PSU index (up 0.33%) were among the other major gainers. However, BSE Consumer Durable index lost 1.49%.

Volume Toppers:
Zee News, Redington India, IDBI, Cinemax India, IDFC, GBN, Bajaj Hindusthan, TTML, Hindalco, Aftek Ltd, Unitech, Reliance Communication, Ashok Leyland, Indian Hotels, TV Today, KPIT Cummins, ITC and India Cements.

Upper Circuit Filters:
SSI, Trigyn Tech, Suashish Diamond, Tele Data Informatics, KEW Industries, Swan Mills, Donear Industries, DS Kulkarni, Genus Overseas, KLG Systel, Sahara One, Steel Strips and Swaraj Mazda.

Brokers Recommendation:
Buy - Hexaware from Motilal Oswal with target of Rs220

Long Term Investment
Siemens

Major News Headlines

Aban Offshore ups stake in Sinvest to 97%

Biocon to invest Rs5bn in five years in Vishakhapatnam

Diamond Cables gets large turnkey order

L&T Infotech signs accord with Dassault Systems

Reliance Industries finds more gas in KG basin block

L&T wins $250mn order from Maersk Oil Qatar

Spanco Tele to raise up to Rs1.25bn for expansion

Nucleus Software wins order from United Bank of Africa

Teledata Informatics buys Majority stake in eSys Tech for $105mn

Core Projects to consider stock split on 22nd February

Shopper Stop plans JV with Swiss Nuance Group

Parsvnath wins bid to buy 290,000 Sq Mt of Land at Noida

Suprajit Engineering gets Rs400mn car cables order from Tata Motors

JSW Steel shuts 20% of hot metal capacity after fire

Tata Tea to sell stake in North India Plantation