MARKET UPDATES

SHREE GANESHAY NAMAAH !
Market Plunges Again, Closing Below 5000 For 4 Days In A Row !
It's been five turbulent days for equities in India, and unluckily the consensus is that things will not let up anytime soon.
Weak economic data from around the globe, waning foreign inflows and heavy selling pressure from domestic institutions weighed down the market, sending Indian benchmarks tumbling over 3% this week.
NIFTY FUTURE :
Supp. 4816 / 4856 / 4888 / 4912
CMP: 4931.35
Resis. 4953 / 4975 / 5007 / 5030
BANK NIFTY FUTURE  :
Supp. 9115 / 9176 / 9237 / 9307
CMP : 9379.35
Resis. 9452 / 9523 / 9583 / 9645
This was a dismal week for the Indian market which saw almost all sectoral indices end in the red. Infrastructure took the most beating, followed by technology, metals and banks. The range for the indices shifted further down and experts believe next week will continue to be choppy and negative. This week's performance was poor and the numbers are: Sensex down 3.2% and Nifty down 3.1%. CNX Midcap index was down 3.2%, BSE Smallcap index down 2.9% over the week. BSE Realty index was down 4%, BSE Bankex down 4.2%, BSE Metal index down 4.5%, BSE IT index down 4.5% and BSE Auto index down 2.3%
Market Updates :
Non-banking financial services company Manappuram Finance spurted 14.39% to Rs 23.05 on bargain hunting after the stock slumped 33.50% in the preceding eight sessions to Rs 20.15 on 10 May 2012 from a recent high of Rs 30.30 on 28 April 2012. The stock topped the gainers in the BSE's 'A' group. The company will announce its year ended March 2012 results on 18 May 2012.
Food service company Jubilant FoodWorks jumped 7.66% to Rs 1,131.45. The stock was second biggest gainer in 'A' group.
The company announced during trading hours on Thursday, 10 May 2012, that its net profit rose 51.73% to Rs 29.33 crore on 46.13% rise in net sales to Rs 282.96 crore in Q4 March 2012 over Q4 March 2011. The stock had fallen 1.84% to Rs 1050.90 on Thursday in a weak market.
Gold financing company Muthoot Finance galloped 4.52% to Rs 129.40. The stock was third biggest gainer in 'A' group. The company will announce its year ended March 2012 results on 15 May 2012.
Infrastructure company Jaiprakash Associates rose 4.06% to Rs 62.85. The stock wasfourth biggest gainer in 'A' group.
India's second largest two-wheeler maker by sales Bajaj Auto rose 3.48% to Rs 1,555.20. The stock was fifth biggest gainer in 'A' group. The company will announce its year ended March 2012 results on 17 May 2012.
Stock With Volumes :
Britannia Industries clocked volume of 5.02 lakh shares by 13:14 IST on BSE, a 224.91-times surge over two-week average daily volume of 2,000 shares. The stock fell 2.02% to Rs 540.
Chemplast Sanmar notched up volume of 48.93 lakh shares, a 13.14-fold rise over two-week average daily volume of 3.72 lakh shares. The stock rose 1.18% to Rs 14.53.
SKS Microfinance clocked volume of 7.64 lakh shares, a 8.26-fold rise over two-week average daily volume of 92,000 shares. The stock jumped 10.37% to Rs 97.95 on reports the cabinet on Thursday, 10 May 2012, approved a Bill to regulate the micro financeindustry and bring the micro finance lenders under the purview of the Reserve Bank of India.
Aptech clocked volume of 8.10 lakh shares, a 5.34-fold surge over two-week average dailyvolume of 1.52 lakh shares. The stock rose 2.92% to Rs 75.75.
Jubilant FoodWorks clocked volume of 2.40 lakh shares, a 2.07-fold rise over two-week average daily volume of 1.16 lakh shares. The stock rose 3.1% to Rs 1,083.50.
Note : Data From Capital Market And Money Control !
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