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Monday, March 26, 2007

Market Watch & Insider Trades


Insider Trades:

BSEL Infrastructure Realty Limited: Blackmore Investment and Trading Company Private Limited has purchased from open market 26000 equity shares of BSEL Infrastructure Realty Limited on 20th March, 2007.

Housing Development Finance Corporation Ltd: Shirish B. Patel, Director has sold in open market 4600 equity shares of Housing Development Finance Corporation Ltd. on 16th March, 2007.

Market Volumes:

The turnover on NSE was up by 4.1% to Rs82.03bn. The BSE FMCG index was the major loser and lost 1.20%. BSE Technology index (down 0.46%), BSE PSU index (down 0.41%) and BSE Oil & Gas index (down 0.16%) were among the other major losers. However, BSE Capita Good index gained 1.75%.

Volume Toppers:

IFCI, SAIL, ITC, Yes Bank, Gujarat Ambuja, Idea Cellular, TTML, R Com, India Cement, Bank of India, IDFC, IPCL, Century Textile, HLL, Dabur, Hindalco, Ashok Leyland, Indiabulls and Balrampur Chini.

Lower Circuit:

GMR Industries, Max India, Nahar Exports, Atlanta, McLeod Russel, Indiabulls Reality and Mefcom Agro.

Delivery Delight:

Century Textiles, Corporation Bank, Crompton Greaves, Cummins India, Dabur India, Divi's Laboratories, Escorts, HCL Technologies, HDFC, IFCI, IPCL, Jaiprakash Associates, L&T, Maruti, Sterlite Industries, Sun TV, Tata Elxsi, UTI Bank, Wipro and Yes Bank.

Brokers Recommendations:

Hindalco – Sell from Citigroup with target of Rs142

Yes Bank – Outperformer from ICICIdirect.com with target of Rs170

Long Term investment:
Punj Lloyd