MARKET UPDATES

SHREE GANESHAY NAMAAH !
Sensex falls over 300 points on rupee, GAAR concerns
Equity benchmarks closed at their lowest levels in over three months as continuing concerns over the depreciating rupee and the likely wording of the General Anti-Avoidance Rule in the Finance Bill, triggered a sell-off. Weakness in European markets further aggravated the slide, with capital goods, banking and metal shares figuring among the worst performers.
The 30-share Sensex fell 320 points or 1.9% to close at 16831, and the 50-share Nifty closed at 5086, down 101 points.
A Reuters report today quoted Minister of state for finance S.S. Palanimanickam as saying that India was considering a review of the Double Taxation Avoidance Treaty with Mauritius as it was being widely misused by global investors to avoid paying tax in India. This too contributed to undermining sentiment, brokers said.
NIFTY FUTURE :
Supp. 4990 / 5022 / 5045 / 5072
CMP: 5097.95
Resis. 5108 / 5126 / 5153 / 5197
BANK NIFTY FUTURE  :
Supp. 9416 / 9503 / 9588 / 9691
CMP : 9793.90
Resis. 9828 / 9899 / 10085 / 10170
Market Updates :
Ruchi Soya surged 3.68% to Rs 91.45 and topped the gainers in the BSE's 'A' group. The stock rose on volume of 30.63 lakh shares, sharply higher against an average daily volume of 27,000 shares in the past two weeks.
Essar Oil gained 3.59% to Rs 53.45 on bargain hunting after two-day 5.14% slide. It was second biggest gainer in 'A' group. The Essar Oil stock had fallen 5.14% in two tradingsessions to settle at Rs 51.60 on Thursday, 3 May 2012, from a recent high of Rs 54.40 on 30 April 2012
Cipla advanced 2.46% to Rs 325.20. The company declares its Q4 March 2012 results on 10 May 2012. It was third biggest gainer in 'A' group. The stock had outperformed the market over the past one month till 3 May 2012, rising 2.01% compared with the Sensex's 2.54% fall. The scrip, however, underperformed the market in past one quarter, declining 7.96% as against Sensex's 2.58% fall.
Welspun Corp gained 2.40% to Rs 125.95 on bargain hunting after two-day 2.07% slide. It was fourth biggest gainer in 'A' group. The stock had underperformed the market over the past one month till 3 May 2012, falling 8.35% compared with the Sensex's 2.54% fall. The scrip, however, outperformed the market in past one quarter, declining 0.28% as against Sensex's 2.58% fall.
Lupin rose 2.03% to Rs 550.40 on bargain hunting after two-day 2.23% slide. It was fifth biggest gainer in 'A' group. The company will declare its year ended March 2012 results on 10 May 2012
Stock With Volumes :
HCL Technologies clocked volume of 1.01 crore shares by 13:17 IST on BSE, a 163.09-times surge over two-week average daily volume of 62,000 shares. The stock fell 0.24% to Rs 512.85 after 1.44% equity changed hands in a bulk deal on the BSE today, 4 May 2012.
Ruchi Soya Industries notched up volume of 25.29 lakh shares, a 93.52-fold rise over two-week average daily volume of 27,000 shares. The stock rose 1.93% to Rs 89.90.
Bank of Baroda clocked volume of 4.28 lakh shares, a 8.38-fold rise over two-week average daily volume of 51,000 shares. The stock tumbled 4.83% to Rs 695.60. Bank of Baroda's net profit rose 17.29% to Rs 1518.18 crore on 25.77% growth in total income to Rs 9016.31 crore in Q4 March 2012 over Q4 March 2011. The company announced the results during trading hours today, 4 May 2012.
Cipla clocked volume of 2.19 lakh shares, a 3.72-fold surge over two-week average dailyvolume of 59,000 shares. The stock rose 2.39% to Rs 325.
IRB Infrastructure Developers clocked volume of 22.49 lakh shares, a 2.43-fold rise over two-week average daily volume of 9.27 lakh shares. The stock tumbled 9.62% to Rs 135.25
Note : Data From Capital Market And Money Control !
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