SHREE GANESHAY NAMAAH !

Market may take a longer pitstop on the road to recovery

It was a sluggish start to the trading week. The Indian markets tracked their global peers and drifted into the negative territory.

The Nifty ended the Monday session at 5,326, down 34 points, while the Sensex lost 100 points to close at 17,705.

MF Global shares suspended, bankruptcy deal expected

Troubled brokerage MF Global Holdings was nearing a deal early on Monday to file for bankruptcy protection and was likely to sell assets to Interactive Brokers Group, media reports said, with shares in the brokerage suspended on Monday pending an announcement from the firm.

In a statement released on its website regarding the future of MF Global, the New York Federal Reserve said: "The Federal Reserve Bank of New York has informed MF Global Inc. that it has been suspended from conducting new business with the New York Fed."

Past Performance !

Crompton Greav
Buy With SL Of Closing Of Rs. 133, For Tgt Of Rs. 152/159/164, Currently It Close @ Rs. 140.70 ! Close Call !

Expiry Stats :
Open : 5241.15
High : 5402.75
Low : 5227.00
Close: 5347.10
Avg. : 5304.50

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5347.10
Avg. : 5606.40

NIFTY FUTURE 

R5 : 5430
R4 : 5412
R3 : 5396
R2 : 5384
R1 : 5368

CMP: 5347.10

S1 : 5332
S2 : 5315
S3 : 5301
S4 : 5278
S5 : 5248

Market Updates : 

Hindustan Unilever leads gainers in 'A' group

UCO Bank, Indian Bank, Lanco Infratech and Indian Overseas Bank are among the other gainers.

India's largest FMCG company by sales Hindustan Unilever surged 7.38% to Rs 375.25 after net profit rose 21.69% to Rs 688.92 crore on 17.49% increase in total income to Rs 5688.15 crore in Q2 September 2011 over Q2 September 2010. The result was announcedduring trading hours today, 31 October 2011.

Shares of Hindustan Unilever hit a record high of Rs 377 in intraday trade today. The stock topped the gainers in the BSE's 'A' group.

State-run UCO Bank spurted 5.99% to Rs 75.25 after net profit surged 93.6% to Rs 230.75 crore on 25.8% rise in total income to Rs 3730.79 crore in Q2 September 2011 over Q2 September 2010. The bank announced the results during trading hours today, 31 October 2011. The stock was second biggest gainer in 'A' group.

State-run Indian Bank galloped 5.85% to Rs 217.25 after net profit rose 12.73% to Rs 468.69 crore on 31.9% growth in total income to Rs 3377.13 crore in Q2 September 2011 over Q2 September 2010. The state-run bank announced the results during trading hours today, 31 October 2011. The stock was third biggest gainer in 'A' group.

Infrastructure developer Lanco Infratech jumped 4.78% to Rs 16.45. The stock was fourth biggest gainer in 'A' group. The company will announce its Q2 September 2011 results on 11 November 2011.

State-run Indian Overseas Bank rose 4.70% to Rs 102.40 after net profit inched up 0.6% to Rs 207.46 crore on 56.8% increase in operating income to Rs 4822.56 crore in Q2 September 2011 over Q2 September 2010. The result was announced on Saturday, 29 October 2011. The stock was fifth biggest gainer in 'A' group.

Market snaps four-day winning streak as world stocks slide

Hindustan Unilever vaults 7% after strong Q2 results

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,441 shares rose and 1,390 fell. A total of 90 shares were unchanged.

From the 30 share Sensex pack, 24 fell and the remaining rose.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !