MARKET UPDATES

SHREE GANESHAY NAMAAH !
Bears take a breather; Nifty ends flat at 5243
It was a dull session for the market as the Nifty closed on a flat note making a doji pattern on daily technical charts. This pattern suggests investors are clueless about the direction of market.
India Inc has kick started the fourth quarter earnings season with Patni announcing its numbers today. Ranged for quite sometime, the market will look for some positive surprises in corporate earnings and also some relief from the high interest rate regime in the upcoming RBI policy.
IT bellwether Infosys is expected to announce results on Friday. All eyes will be on the guidance announced by India's second largest software exporter which may drive the market in the short-term.
The Sensex shuts shop at 17243.84 up 21.70 points or 0.13% and the Nifty closed at 5243.60 up 9.20 points or 0.18%. About 1354 shares advanced, 1409 shares declined, and 651 shares remain unchanged.
FMCG stocks attracted buying interest on reports of monsoon arriving on time this year.
Banking stocks too attracted buying interest ahead of RBI's annual monetary policy on 17th April.
IT stocks again ended the day with significant losses on lower than expected jobs data from the US.
In the largecap space, Tata Power, Reliance Communications, Tata Motors, HUL and Kotak Mahindra Bank were up 2-4%. On the losing side, Ranbaxy Labs, BHEL, GAIL, Dr Reddys Labs and BPCL shed 2-3% in trade today.
Top gainers on the BSE Midcap - Edelweiss Cap, Honeywell Autom, Godrej Ind, Infotech Enter and Dena Bank were up 5-10%.
NIFTY FUTURE :
Supp. 5214 / 5238 / 5252 / 5262
CMP: 5266.15
Resis. 5276 / 5294 / 5318 /  5336
BANK NIFTY FUTURE  :
Supp. 10068 / 100145 /  10190 / 10220
CMP : 10235.45
Resis. 10251 / 10281 / 10326 / 10402
Market Updates :
Indraprastha Gas clocked volume of 3.39 crore shares on BSE, a 308.87-times surge over two-week average daily volume of 37,000 shares. The stock tumbled 32.14% to Rs 235.05 after Petroleum and Natural Gas Regulatory Board (PNGRB) asked Indraprastha Gas to cut gas tariffs in Delhi. PNGRB slashed network tariff and compression charges for CNG in respect of the Delhi compressed gas distribution (CGD) network of Indraprastha Gas with effect from 1 April 2008. Indraprastha Gas had proposed to the board a network tariff of Rs 104.05 per million British thermal units and compression charge of Rs 6.66 per kg of CNG. The board approved Rs 38.58 and Rs 2.75, respectively, bringing these down by 63% and 58.7%.
Titagarh Wagons notched up volume of 8.18 lakh shares, a 52.55-fold rise over two-week average daily volume of 15,000 shares. The stock lost 1.71% to Rs 334.
EID Parry (India) clocked volume of 12.39 lakh shares, a 51.44-fold rise over two-week average daily volume of 14,000 shares. The stock rose 1.09% to Rs 189.85.
Petronet LNG clocked volume of 34.74 lakh shares, a 17.09-fold surge over two-week average daily volume of 1.76 lakh shares. The stock lost 4.55% to Rs 157.25.
Gujarat State Petronet clocked volume of 28.02 lakh shares, a 15.77-fold rise over two-week average daily volume of 1.50 lakh shares. The stock tumbled 7.89% to Rs 70.60.
Note : Data From Capital Market And Money Control !
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