MARKET UPDATES

SHREE GANESHAY NAMAAH !
Will 'sell in May, go away' sentiment cripple D-Street ?
If last week was anything to go by, the view on the street was that gains were going to be hard to come by. Experts were prepared for the May selling to begin, but a fall in US GDP shook things up.
Weaker-than-expected US economic growth reignited hopes of further stimulus from the Federal Reserve, which boosted equities worldwide. Stoked by a weakening dollar, upbeat Asian markets and global equities, Dalal Street finished off the day on a high note. The Nifty hit its highest level in a week to close at 5,248, up close to 40 points. The Sensex gained over 131 points to finish at 17,318.
The Indian Metrological Department's projection of normal rains in the monsoon period was another factor that aided the market’s upmove, both today and during last week’s special trading session.
NIFTY FUTURE :
Supp. 5188 / 5202 / 5220 / 5236 / 5250, CMP: 5267.85, Resis. 5280 / 5289 / 5302 / 5330 / 5348
BANK NIFTY FUTURE  :
Supp. 10081 / 10129 / 10190 / 10230, CMP : 10269.70, Resis. 10310 / 10348 / 10380 / 10455
Market Updates :
Pantaloon Retail (India) galloped 9.25% to Rs 187.75 and topped the gainers in the BSE's 'A' group. The stock rose after the government on Sunday, 29 April 2012 reportedly stressed its commitment to allow up to 51% foreign direct investment (FDI) in the politically-sensitive multi-brand retail trade after drumming up necessary consensus.
In November 2011, the Cabinet allowed to raise foreign investment in up to 51% in multi-brand retail and 100% in single-brand retail. However, it was forced to hold the decision on multi-brand retail due to immense pressure from the Opposition parties as well as allies, although it went ahead with the plan to raise foreign investment in single-brand retailfrom 51%.
Reliance Power jumped 6.21% to Rs 106.85 and was second biggest gainer in 'A' group. The stock rose on bargain hunting after sliding 15.28% in the prior nine trading sessionsfrom Rs 118.75 on 17 April 2012 to Rs 100.60 on 28 April 2012.
Jain Irrigation Systems gained 6.10% to Rs 87.90 and was third biggest gainer in 'A' group. The stock rose on volume of 6.09 lakh shares on BSE, higher than an average daily volume of 4 lakh shares in the past two weeks.
Pidilite Industries advanced 4.87% to Rs 180.90 after striking a record high of Rs 185 in intraday trade today, 30 April 2012. The stock was fourth biggest gainer in 'A' group. The stock rose on volume of 6.98 lakh shares on BSE, sharply higher than an average dailyvolume of 58,000 shares in the past two weeks.
Bank of India rose 4.59% to Rs 352.85 and was fifth biggest gainer in 'A' group. Thebank's net profit surged 93% to Rs 952.73 crore on 23.1% growth in total income to Rs 8777.73 crore in Q4 March 2012 over Q4 March 2011. The state-run bank declared the results during market hours today, 30 April 2012. Bank of India's net profit rose 7.58% to Rs 2677.52 crore on 30.37% growth in total income to Rs 31801.84 crore in the year ended March 2012 over the year ended March 2011. The bank recommended a dividend of Rs 7per share for the year ended March 2012.
Stock With Volumes :
Redington (India) clocked volume of 5.78 lakh shares by 13:01 IST on BSE, a 92.05-times surge over two-week average daily volume of 6,000 shares. The stock fell 0.9% to Rs 88.10.
MMTC notched up volume of 1.82 lakh shares, a 24.26-fold rise over two-week averagedaily volume of 7,000 shares. The stock rose 3.89% to Rs 772.45.
State Trading Corporation of India clocked volume of 3.52 lakh shares, a 16.41-fold rise over two-week average daily volume of 21,000 shares. The stock fell 0.02% to Rs 280.05.
Hindustan Copper clocked volume of 6.39 lakh shares, a 13.42-fold surge over two-weekaverage daily volume of 48,000 shares. The stock fell 2.7% to Rs 283.
Bank of India clocked volume of 5.66 lakh shares, a 9.13-fold rise over two-week averagedaily volume of 62,000 shares. The stock surged 4.48% to Rs 352.45 after net profit surged 93% to Rs 952.73 crore on 23.1% growth in total income to Rs 8777.73 crore in Q4 March 2012 over Q4 March 2011.The bank's net profit rose 7.58% to Rs 2677.52 crore on 30.37%growth in total income to Rs 31801.84 crore in the year ended March 2012 over the year ended March 2011.
Note : Data From Capital Market And Money Control !
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