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Monday, March 12, 2007

Market Watch & Insider Trades


Insider Trades:

ACC Limited: Life Insurance Corporation of India has purchased from open market 5614744 equity shares of ACC Limited on 5th March, 2007.

Market Volumes:

The turnover on NSE was 17% to Rs96.41bn. BSE FMCG index was the major loser and lost 1.64%. BSE Capital Good index (down 1.47%), BSE Auto index (down 1.31%) and BSE Technology index (down 1.18%) were among the major losers.

Volume Toppers:

Idea Cellular, IFCI, SAIL, India Cement, ITC, TTML, Century Textile, R Com, Tata Steel, ACC, IVRCL Infrastructure, NTPC, Ashok Leyland, DCB, HCC and Aptech.

Lower Circuits:

Shree Cement, Manglam Cement, Shah Alloys, Atlanta, Tanla, Shree Ashtavinyak, Autoline Industries, Anant Raj Industries and Ganesh Housing.

Delivery Delight:

Alfa-Laval, Asian Electronics, BEML, Blue Star, City Union Bank, Colgate, Educomp Solutions, Gammon India, Gitanjali Gems, GVK Power, Max India, NTPC, NIIT LTD, Nicholas Piramal, Sadbhav Engineering, Sun Pharma, Thermax and Welspun Gujarat.

Long Term investment:
BHEL

Major News Headlines:

Inflation at 6.1% for week ended Feb 24 vs 6.05%

Colgate to pay Rs3.25 per share interim dividend

Aurobindo Pharma receives USFDA approval for Didanosine Oral Suspension

Astrazeneca Pharma Board to consider interim dividend

Patel Engineering declares Interim Dividend at 130%

Bihar Tubes hikes prices of all its products by 4% to 5%

Alfa Transformers to start unit in Nasik