MARKET UPDATES

SHREE GANESHAY NAMAAH !
Volatile Sensex ends 67 pts down on rupee woes; ITC up 5.6%
The BSE Sensex and NSE Nifty stayed lower for the second consecutive session on Wednesday due to Greece concerns and rupee weakness. Uncertainty over Greece bailout after election results sent global stocks lower since yesterday - Asian markets were down 0.75-1.65% at close today. Banks, oil & gas, steel, auto and power stocks weighed down the market while the rally in ITC and TCS has limited the downside.
Overall the market was lacklustre today as the BSE benchmark shed more than 600 points since Friday. The index fell 66.60 points or 0.40%, to close at 16,479.58. Meanwhile, the NSE benchmark declined 25.15 points or 0.5% to 4,974.80.
NIFTY FUTURE :
Supp. 4910 / 4928 / 4944 / 4964
CMP: 4983.95
Resis. 5004 / 5025 / 5042 / 5065
BANK NIFTY FUTURE  :
Supp. 9128 / 9185 / 9242 / 9311
CMP : 9379.85
Resis. 9449 / 9518 / 9575 / 9632
Market Updates :
FMCG company Emami spurted 8.28% to Rs 475.45 after consolidated net profit rose 32.6% to Rs 72.37 crore on 15.3% growth in net sales to Rs 403.55 crore in Q4 March 2012 over Q4 March 2011. The company announced the results after market hours on Tuesday, 8 May 2012. The stock topped the gainers in the BSE's 'A' group.
India's largest cigarette maker by sales ITC jumped 5.61% to Rs 240.05 on bargain hunting after the stock fell 8.75% in the preceding eight sessions to Rs 227.30 on 8 May 2012 from a recent high of Rs 249.10 on 26 April 2012. The stock was second biggest gainer in 'A' group.
Bargain hunting in ITC shares was triggered by reports that the government has proposed an amendment to the pricing methodology for excise duty on cigarettes announced in Union Budget 2012-13 in March 2012, which will be positive for cigarette manufacturers.
Drug maker Ranbaxy Laboratories rose 3.80% to Rs 512.45 after consolidated net profit jumped 309.6% to Rs 1246.76 crore on 71.84% growth in total income to Rs 3923.46 crore in Q1 March 2012 over Q1 March 2011. The company announced the results during trading hours today, 9 May 2012. The stock was third biggest gainer in 'A' group.
Apollo Tyres rose 3.05% to Rs 84.60. The stock was fourth biggest gainer in 'A' group. The company will announce year ended March 2012 results on 10 May 2012.
Glenmark Pharmaceuticals rose 3.03% to Rs 339.75 after consolidated net profit rose 32.5% to Rs 150.36 crore on 34.1% growth in revenue to Rs 1065.86 crore in Q4 March 2012 over Q4 March 2011. The company announced the results after market hours on Tuesday, 8 May 2012. The stock was fifth biggest gainer in 'A' group.
Stock With Volumes :
HT Media clocked volume of 10.05 lakh shares by 13:18 IST on BSE, a 1,064.99-times surge over two-week average daily volume of 1,000 shares. The stock rose 0.04% to Rs 118.10.
Lakshmi Machine Works notched up volume of 55,000 shares, a 59.94-fold rise over two-week average daily volume of 1,000 shares. The stock rose 1.86% to Rs 1,594.95.
Thermax clocked volume of 2.48 lakh shares, a 41.8-fold rise over two-week average daily volume of 6,000 shares. The stock rose 0.57% to Rs 430.
Redington (India) clocked volume of 18.45 lakh shares, a 22.14-fold surge over two-week average daily volume of 83,000 shares. The stock lost 0.9% to Rs 87.70.
Manappuram Finance clocked volume of 37.28 lakh shares, a 9.71-fold rise over two-week average daily volume of 3.84 lakh shares. The stock tumbled 10.74% to Rs 21.60.
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