Insider Trades:
Pyramid Saimira Theatre Limited: Swiss Finance Corporation (Mauritius) Ltd has purchased from open market 775000 equity shares of Pyramid Saimira Theatre Limited on 2nd March, 2007
Gujarat Ambuja Cement Ltd: Shri P B Kulkarni, Director has sold in open market 20000 equity shares of Gujarat Ambuja Cement Ltd on 27th February, 2007.
Market Volumes:
The turnover on NSE was down by 4.5% to Rs85.51bn. BSE Capital Good index was the major loser and lost 5.51%. BSE Auto index (down 5.18%), BSE Consumer Durable index (down 4.68%), BSE Pharma index (down 4.64%) and BSE Metal index (down 4.59%) were among the other major losers.
Volume Toppers:
IFCI, SAIL, Gujarat Ambuja, R Com, NTPC, ITC, TTML, Reliance Industries, Tata Steel, India Cement, Ashok Leyland, Hindalco, MTNL, Indiabulls, Firstsource, HLL, Nagarjuna Construction, HCC and Praj Industries.
Lower Circuit Filters:
Amara Raja, Ansal Infrastructure, Crisil, Gujarat Flurochemicals, KSB Pumps, Shaw Wallace, Mangalam Cement, Autoline Industries, Fedders Llyod, Nirlon, GMR Industries, Gulf Oil, Kesoram Industries, Shree Precoated, Swan Mills, Texmaco, Tulip IT and Unitech.
Brokers Recommendation:
Era Construction – Buy from Kotak with target of Rs500
Long Term investment:
Sun Pharma
Major News Headlines:
Wipro, Oracle in pact to support IPTV providers
Hindalco Board to mull interim dividend on 12th March
L&T board to consider interim dividend on 13th March
KLG Systel Board to consider interim dividend on 12th March
Century Textiles Board to consider interim dividend on 14th March
TV 18 to give Rs2 a share as mid-year dividend
Sterlite Optical receives UL certification for structured data cables
M&M Board approves bidding for 43% stake of Punjab Tractors
SAIL April-Feb output at 11.4mn tons VS 10.9mn
Moser Baer to invest $250mn on solar cell plant