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Friday, March 30, 2007

Market Watch & Insider Trades


Insider Trades:
Gujarat Ambuja Cement Ltd: Shri P B Kulkarni, Director has sold in open market 70000 equity shares of Gujarat Ambuja Cement Ltd on 21st March and 22nd March, 2007.
Amara Raja Batteries Ltd: Franklin Templeton Mutual Fund (through its various schemes) has purchased from open market 51165 equity shares of Amara Raja Batteries Ltd on 26th March, 2007.

Market Volumes:
The turnover on NSE was up by 19.5% to Rs100bn. BSE FMCG index was the major gainer and gained 2.08%. BSE Consumer Durable index (up 1.45%), BSE Capital Good index (up 1.22%), BSE Pharma index (up 1.00%) and BSE Technology index (up 0.79%) were among the other major gainers.

Volume Toppers:
IFCI, Idea, ITC, IB Real estate, Sakhti Sugar, Gujarat Ambuja, TTML, IDFC, HLL, HCL Tech, Tata Motors, Bajaj Hindusthan, Arvind Mills, India Cement, Satyam Computer, NTPC and Infosys

Upper Circuit:
BPL, GMR Industries, Harrison Malyalam, Shah Alloys, KLG Systel, Goldstone Technology, BSEL Infrastructure, McLeod Russel, KEW Industries, Nirlon, Vypar Industries, IOL Broadband and BF Utilities.

Delivery Delight:
Amtek Auto, ACC, Bharti Airtel, CESC, Divis Laboratories, Gujarat Ambuja Cements, HCL Technologies, Hero Honda, India Cements, India Infoline, IPCL, IDFC, ITC, Jet Airways, Maruti, McDowell & Co, NDTV, Orchid Chemicals, Praj Industries, PNB, Reliance Capital, Reliance Industries, Sun Pharma and Tata Power.

Brokers Recommendations:
Dr Reddy’s Laboratories – Buy from Merrill Lynch

Aventis Pharma – Buy from Kotak.

Long Term investment:
TCS

Major News Headlines:

S&P affirms ratings on RIL at 'BBB'

Gitanjali Gems to foray into luxury retail market; to spend Rs1bn

i-flex wins order from First Bank Nigeria

Sterling Biotech Q4 net at Rs375.2mn (up 16%), sales at RS1.68bn (up 30%)

Aurobindo Pharma receives US FDA approval to sell Ceftriaxone

Ranbaxy to pay Rs6 per share as mid-year dividend

Man Industries gets Rs10bn order from USA