MARKET UPDATES

SHREE GANESHAY NAMAAH !
Friday the 13: Will inflation, Infosys nos move market today ?
Growth concerns are what are keeping Indian investors in check as they try and deal with a faltering economy and hold-ups on issues like foreign direct investment (FDI). The uncertainty surrounding taxation of foreign investors is also adding to this lack of confidence that the market is witnessing.
Investors bit back a sigh of relief today. Ved Prakash Chaturvedi of L&T Finance Holdings says the fact that the slowdown now seems to more emphatic will mean that there will be more incentive to focus on growth rather than inflation.
So, another tumultuous session saw the Sensex rise 132 points or 0.77% to close at 17,332.62 while the Nifty index advanced 50 points to close at 5,276.85.
Astrazeneca Pharma India jumped 14.55% to Rs 2631.10 and topped the gainers in the BSE's 'A' group. The stock hit a record high of Rs 2,649 in intraday trade today, 12 April 2012. The company is a probable delisting candidate as foreign promoter holds 90% stake as at 31 March 2012 in Astrazeneca Pharma India. Market regulator Securities & Exchange Board of India (Sebi) had mandated all listed companies to increase public shareholding to a minimum 25% by June 2013 to comply with listing norms.
Max India surged 8.34% to Rs 203.95 and was second biggest gainer in 'A' group. During market hours today, 12 April 2012, Max India said that Japan's Mitsui Sumitomo Insurance Company is acquiring, subject to required approvals and permissions, 26% stake in Max New York Life Insurance.
Max New York Life Insurance is a joint venture between New York Life and Max India. Mitsui Sumitomo Insurance Company will buy 9.37% stake from Max India for Rs 984.44 crore. The remaining 16.63% stake will be bought from New York Life International Holdings.
Max India and Mitsui Sumitomo Insurance Company have entered into a shareholder agreement today, 12 April 2012 which would become effective on consummation of aforesaid transactions. Max India further informed that the company's equity shareholding in Max New York Life Insurance Company would continue to remain close to 70% on consummation of aforesaid transactions.
Jindal Steel & Power advanced 4.86% to Rs 510.20 on bargain hunting after falling 10.39% in prior four trading sessions. The stock was third biggest gainer in 'A' group.
Neyveli Lignite Corporation gained 4.45% to Rs 89.15 and was the fourth biggest gainer in 'A' group. Reportedly Neyveli Lignite Corporation has initiated the process for entering into memorandum of understanding for setting up the Rs 10,000 crore 1,980 megawatt coal-based thermal power project at Ghatmapur in Kanpur district of Uttar Pradesh with 50:50 equity participation.
Unitech rose 4.42% to Rs 29.55 after the Company Law Board reportedly allowed the realty firm to resolve its dispute with Norwegian mobile phone company Telenor, its joint venture partner in India, through international arbitration in Singapore. The stock was fifth biggest gainer in 'A' group.
NIFTY FUTURE :
Supp. 5220 / 5242 / 5264 / 5278
CMP: 5290.65
Resis. 5304 /  5325 / 5348 / 5378
BANK NIFTY FUTURE  :
Supp. 10252 / 10332 / 10378 / 10410
CMP : 10425.65
Resis. 10458 / 10473 / 10520 / 10599
Market Updates :
Varun Industries clocked volume of 34.74 lakh shares by 13:03 IST on BSE, a 975.40-times surge over two-week average daily volume of 4,000 shares. The stock was locked at 5% upper circuit at Rs 64.50.
Astrazeneca Pharma India notched up volume of 30,000 shares, a 5.51-fold rise over two-week average daily volume of 5,000 shares. The stock jumped 10.95% to Rs 2,548.30.
Bank of Baroda clocked volume of 1.25 lakh shares, a 3.55-fold rise over two-week average daily volume of 35,000 shares. The stock rose 1.53% to Rs 799.
Tata Motors DVR clocked volume of 11.86 lakh shares, a 2.46-fold surge over two-week average daily volume of 4.83 lakh shares. Tata Motors DVR was up 2.24% to Rs 159.50.
Schneider Electric Infrastructure clocked volume of 6.93 lakh shares, a 2.37-fold rise over two-week average daily volume of 2.92 lakh shares. The stock surged 7.72% to Rs 89.35.
Note : Data From Capital Market And Money Control !
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