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Wednesday, March 28, 2007

Indiainfoline - Market Watch


Insider Trades:
Titan Industries Ltd: Mr. Rakesh Jhunjhunwala and persons acting in concert with him has purchased from open market 50000 equity shares of Titan Industries Ltd on 22nd March, 2007.

Market Volume:
The turnover on NSE was down by 21% to Rs67.53bn. BSE Bank index was the major loser and lost 1.98%. BSE Auto index (down 1.78%), BSE Capital Good (down 1%), BSE Technology index (down 0.97%) and BSE FMCG index (down 0.53%) were among the major losers.

Volume Toppers:
IFCI, ITC, SAIL, Idea, R Com, Gujarat Ambuja, Bajaj Hindusthan, HLL, Page Industries, Satyam Computer, IPCL, India Cement, Tata Steel, Hindalco, Tata Motors and MTNL.

Lower Circuit:
GMR Industries, Unitech, Goldstone Technology, Nahar Exports, McLeod Russel, Atlanta, PSTL, Mefcom Agro and HOV Services.

Brokers Recommendations:
Crompton Greaves – Buy from Kotak with target of Rs245

Colgate – Buy from Citigroup with target of Rs413.

Long Term investment:
R Com

Major News Headlines:

Glenmark concludes agreement to acquire Medicamenta

DCM Shriram Consolidated plans to sell, lease some of its land

SBI expected to get Singapore Banking License

Gateway Distriparks forms JV with Container Corp

BSEL Infra gets new projects at Gujarat

Hindujas purchase land in Dubai's Waterfront project

R Com plans overseas share plan for unit - Reports

Punj Lloyd to construct residential community in Bahrain, contract valued at Rs 5.42bn

Nagarjuna Constructions gets orders worth Rs3.02bn

Jindal Stainless to pay Rs1.6 per share as mid-year dividend

BPL to consider plan to sell securities to select investors