Insider Trades:
Alfa Laval India Ltd: Franklin Templeton Mutual Fund (through its various schemes) has purchased from open market 502794 equity shares of Alfa Laval India Ltd on 14th March, 2007
EID Parry India Ltd: Murugappa Group (Promoters) has purchased fro open market 1000000 equity shares of EID Parry India Ltd on 15th March, 2007.
Market Volumes:
The turnover on NSE was up by 18% to Rs60.56bn. BSE Bank index was the major gainer and gained 1.18%. BSE Pharma index (up 1.13%), BSE PSU index (up 0.86%), BSE Oil & Gas index (up 0.76%) and BSE Metal index (up 0.53%) were the other major gainers.
Volume Toppers:
ITC, SAIL, India Cement, R Com, Idea Cellular, Gujarat Ambuja, Satyam Computer, TTML, IVRCL Infrastructure, Bank of India, Hindalco, HLL, IDFC, Ranbaxy, Jayshree Tea, Rolta, Abishek Mills, Maruti and Tata Steel.
Upper Circuit:
GMR Industries, Harrison Lalyalam, Alps industries, McLeod Russel and Tanla
Delivery Delight:
ABB, Adlabs Films, ACC, Bajaj Hindustan, Bank of India, BEML, Bharat Forge, BPCL, Bombay Dyeing, Canara Bank, Century Textiles, Crompton Greaves, Grasim Industries, HDFC Bank, Hindalco, HPCL, ICICI Bank, India Cements, IVRCL Infrastructures, Jet Airways, M&M, Maruti, NDTV, Opto Circuits, Praj Industries, Ranbaxy, Reliance Capital, Satyam Computer and SBI.
Brokers Recommendation:
AIA Engineering – Buy from Kotak with tgt of Rs1510
Long Term investment:
Sun Pharma
Major News Headlines:
Rupee rises to an 18-month high
Ranbaxy opts out of Merck unit bid: reports
MSK Projects led group gets road orders of Rs5.9bn
Bharti to launch services in Sri Lanka next fiscal year
IVRCL to pay Rs2.28bn for Noida Land
Wockhardt gets USFDA nod to sell painkiller
Jubilant Organosys signs international contracts worth US$60mn