MARKET UPDATES

SHREE GANESHAY NAMAAH !
Nifty Unable To Defend Higher Levels In defending rupee, RBI again falls short
Among traders the RBI's latest measures to target arbitrage and speculation is seen as akin to bringing a knife to a gunfight. The Reserve Bank of India announced new currency measures on Monday, including stipulating that net overnight open position limit for the rupee should not include positions taken in the currency futures and options segment.
The announcement had the same effect as its previous actions, which is to say not much. On Tuesday the rupee hit its latest record low against the dollar.
If anything, the RBI is signaling to markets the opposite of what it probably intends, according to traders: a central bank unwilling to be bold in defending the domestic currency.
NIFTY FUTURE :
Supp. 4728 / 4756 / 4782 / 4812
CMP: 4841.20
Resis. 4872 / 4903 / 4930 / 4954
BANK NIFTY FUTURE  :
Supp. 8902 / 8966 / 9028 / 9107
CMP : 9184.90
Resis. 9263 / 9342 / 9405 / 9468
Market Updates :
Hexaware Technologies, Glenmark Pharmaceuticals, Apollo Hospitals Enterprise and Oracle Financial Services Software are among the other gainers.
Pharmaceutical company Wockhardt galloped 7.84% to Rs 717.75 after the company's consolidated profit from operations before other income, finance costs and exceptional items surged 63.34% to Rs 400.45 crore in Q4 March 2012 over Q4 March 2011. The result was announced during trading hours today, 22 May 2012. The stock topped the gainers in the BSE's 'A' group.
IT company Hexaware Technologies spurted 5.58% to Rs 124.80. The stock was second biggest gainer in 'A' group.
Glenmark Pharmaceuticals jumped 4.57% to Rs 357. The stock was third biggest gainer in 'A' group.
Apollo Hospitals Enterprise rose 2.51% to Rs 632. The stock was fourth biggest gainer in 'A' group. The company will announce its year ended March 2012 results on 29 May 2012.
Financial software maker Oracle Financial Services Software rose 2.21% to Rs 2420.05. The stock was fifth biggest gainer in 'A' group.
Stock With Volumes :
Thomas Cook (India), Saint-Gobain Sekurit India, Marico and Himachal Futuristic Communications are among the other stocks to see a surge in volumes on BSE today, 22 May 2012.
Inventure Growth & Securities clocked volume of 15.39 lakh shares by 13:14 IST on BSE, a 29.73-times surge over two-week average daily volume of 52,000 shares. The stock tumbled 4.81% to Rs 48.30.
Thomas Cook (India) notched up volume of 37.88 lakh shares, a 22.35-fold rise over two-week average daily volume of 1.69 lakh shares. The stock rose 2.45% to Rs 62.70 after thecompany said its parent Thomas Cook Group plc has reached an agreement with a subsidiary of Fairfax Financial Holdings to sell its 77% stake in the company to the latter. Thomas Cook Group plc has reached an agreement with Fairbridge Capital (Mauritius), a subsidiary of Fairfax Financial Holdings to sell its 77% interest in Thomas Cook (India) (TCIL). Under the terms of agreement, Thomas Cook Group plc will receive gross cashproceeds of Rs 817.40 crore for its shareholding. The agreed price is equivalent to Rs 50 per share, which represents a premium of 11% to the market price immediately prior to theannouncement of the auction process.
Saint-Gobain Sekurit India clocked volume of 10.56 lakh shares, a 10.55-fold rise over two-week average daily volume of 1 lakh shares. The stock was locked at 5% upper circuit at Rs 66.45.
Marico clocked volume of 9.90 lakh shares, a 9.03-fold surge over two-week average daily volume of 1.10 lakh shares. The stock rose fell 1.64% to Rs 168.10.
Himachal Futuristic Communications clocked volume of 46.59 lakh shares, a 8.57-fold riseover two-week average daily volume of 3.91 lakh shares. The stock rose 2.52% to Rs 13.01.
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