Insider Trades:
Pyramid Saimira Theatre Limited: UBS Securities Asia Limited A/C Swiss Finance Corporation (Mauritius) Ltd has purchased from open market 775000 equity shares of Pyramid Saimira Theatre Limited on 2nd March, 2007
IVRCL Infrastructures & Projects Ltd: Citigroup Global Mkts (Mauritius) Pvt. Ltd has sold in open market 650000 equity shares of IVRCL Infrastructures & Projects Ltd on 28th February, 2007.
Market Volumes:
The turnover on NSE was down by 2.2% to Rs83.61bn. BSE Technology index as the major gainer and gained 4.07%. BSE Oil & Gas index (up 2.21%), BSE Bank index (up 2.13%), BSE Capital Good index (up 1.52%) and BSE Pharma index (up 1.17%) were among the other major gainers.
Volume Toppers:
IFCI, SAIL, Ashok Leyland, IDFC, R Com, Nagarjuna Fertilizers, Gujarat Ambuja, India Cement, ITC, Tata Steel, Hindalco, Praj Industries, MTNL, IVRCL Infrastructure, HCC, Reliance Industries, Tata Motors, Century Textile and Aptech
Upper Circuit Filters:
Unitech, Saksoft Ltd, Rama Pulp, DS Kulkarni, Binanni Industries and BF Utilities
Delivery Delight:
Ashok Leyland, ACC, Bajaj Auto, Bharat Forge, BPCL, Dr Reddys Laboratories, EKC, HCL Technologies, Hexaware, India Cements, Satyam Computer, Sesa Goa and Videocon Industries.
Brokers Recommendations:
Reliance Industries – Buy from Edelweiss
Bajaj Auto – Outperform from CLSA
Long Term investment:
Bharti Airtel
Major News Headlines:
Ashok Leyland Feb sales at 8036 units (up 33%)
Vivimed Labs approves as a global supplier to L'OREAL
Govt says imports of cement may not help lower prices
Cement producers plan to add 100mn tons of capacity
GE unit to lend Rs750mn to Binani Cement's thermal power plant
Aban Offshore unit gets drilling contract in West Africa
Rane Holdings founders offer to buy 20% more at Rs192 per share
FIIs need RBI’s approval to buy Patni Computers shares