MARKET UPDATES

SHREE GANESHAY NAMAAH !
Nifty below 5000: Experts say global cues the party-pooper
As they say, it’s never a dull day on Dalal Street.
Finance Minister Pranab Mukherjee’s decision to defer the implementation of general anti-avoidance rules (GAAR) by one year brought cheer to Indian benchmarks yesterday, but that’s where the celebration ended.
The market opened on a sober note today, and soon after the Nifty and Sensex tipped into the red and continued their downtrend.
This was opposite to what expectations were. Without the shadow of GAAR looming over investors, experts had said that the market would take-off on a strong rally today.
NIFTY FUTURE :
Supp. 4866 / 4898 / 4928 / 4968 / 4988
CMP: 5005.60
Resis. 5020 / 5046 / 5083 / 5118 / 5148
BANK NIFTY FUTURE  :
Supp. 9129 / 9226 / 9323 / 9440
CMP : 9556.85
Resis. 9596 / 9635 / 9674 / 9885
Market Updates :
State-owned trading firm MMTC jumped 5.39% to Rs 789.80. The stock topped the gainers in the BSE's 'A' group. The company will declare Q4 March 2012 results on 15 May 2012.
Petronet LNG, which is engaged in regasification of liquefied natural gas (LNG), climbed 4.42% to Rs 141.60. The stock was second biggest gainer in 'A' group.
Gas utility stocks were in demand today, 8 May 2012, after Oil Minister Jaipal Reddy reportedly said India will step up imports of liquefied natural gas, as domestic gas output is projected to decline in the next two to three years.
India's natural gas output is estimated at 104 million metric standard cubic metres per day (mmscmd) in the current financial year that began on 1 April 2012, while current demand is about 166 mmscmd, Reddy reportedly told lawmakers in a written reply in the upper house of Parliament today.
Pressure cooker and kitchen appliance maker TTK Prestige rose 3.23% to Rs 3124.55 on bargain hunting after the stock slumped 16% in the preceding two sessions to Rs 3026.90 on 7 May 2012 from a recent high of Rs 3603.25 on 3 May 2012. The stock was third biggest gainer in 'A' group.
Gold financing company Muthoot Finance rose 2.90% to Rs 120.80. The stock was fourth biggest gainer in 'A' group. The company will declare year ended March 2012 results on 15 May 2012.
Energy and environment solutions provider Thermax rose 2.43% to Rs 427.55. The stock was fifth biggest gainer in 'A' group. The company will declare year ended March 2012 results on 11 May 2012.
Stock With Volumes :
Aanjaneya Lifecare clocked volume of 2.18 lakh shares by 13:24 IST on BSE, a 8.42-times surge over two-week average daily volume of 26,000 shares. The stock tumbled 16.39% to Rs 477.75.
SRS Real Infrastructure notched up volume of 22.13 lakh shares, a 7.66-fold rise over two-week average daily volume of 2.89 lakh shares. The stock rose 0.15% to Rs 34.35.
MMTC clocked volume of 3.62 lakh shares, a 4.22-fold rise over two-week average dailyvolume of 86,000 shares. The stock jumped 10.56% to Rs 828.55.
Dena Bank clocked volume of 11.71 lakh shares, a 3.61-fold surge over two-week averagedaily volume of 3.25 lakh shares. The stock lost 0.56% to Rs 89.30.
State Trading Corporation of India clocked volume of 2.94 lakh shares, a 2.14-fold rise over two-week average daily volume of 1.38 lakh shares. The stock surged 7.13% to Rs 274.80.
Note : Data From Capital Market And Money Control !
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