MARKET UPDATES

SHREE GANESHAY NAMAAH !
Will rupee retire at 60/$? Experts debate Nifty's next move
Petrol prices up by Rs 7.50/ litre, diesel untouched
Considering the fact that the rupee has done another 'falling knife' act -depreciating to a new low at 56 to the dollar, what’s surprising is it hasn’t dragged our market down under as well.
Today’s market performance was nothing to write home about, which saw stocks like Bharti Airtel, Kotak Mahindra, Sesa Goa and Tata Power take a beating on the Nifty.
The Sensex closed at 15,948.10, down 78.31 points led by 20 components while the Nifty fell 24.85 points to 4,835.65.
NIFTY FUTURE :
Supp. 4728 / 4756 / 4782 / 4803
CMP: 4814.55
Resis. 4836 / 4865 / 4892 / 4930
BANK NIFTY FUTURE  :
Supp. 8902 / 8966 / 9028 / 9107
CMP : 9134.80
Resis. 9176 / 9225 / 9286 / 9365
Market Updates :
Havells India, GMR Infrastructure, GAIL (India) and Jubilant FoodWorks are among the other gainers.
Pharmaceutical company Wockhardt surged 12.66% to Rs 808.60, with the stock extending Tuesday's 7.83% rally triggered by the company reporting strong financial performance forthe year ended March 2012. The stock topped the gainers in the BSE's 'A' group. The stock hit a record high of Rs 823.90 in intraday today, 23 May 2012.
Wockhardt reported strong financial performance for the year ended March 2012 during trading hours on Tuesday, 22 May 2012. The company's consolidated profit after tax (PAT) before exceptional items jumped 62% to Rs 947 crore on 23% growth in net sales to Rs 4614 crore in the year ended 31 March 2012 over the year ended 31 March 2011.
Electrical equipment maker Havells India galloped 6.24% to Rs 568.60. The stock was second biggest gainer in 'A' group. The company will announce its year ended March 2012 results on 30 May 2012.
GMR Infrastructure rose 4.10% to Rs 20.30. The stock was third biggest gainer in 'A' group.The company will announce its year ended March 2012 results on 29 May 2012.
State-run GAIL (India) rose 3.19% to Rs 323.95 on reports state-owned energy companiesfrom India and Pakistan will today sign a 20-year agreement with Turkmenistan to purchase up to 33 billion cubic meters of gas a year through pipeline via Afghanistan. The stock was fourth biggest gainer in 'A' group.
The US has, for almost 20 years, supported the plan to pipe natural gas over 1,800 kilometers from Turkmenistan via Afghanistan to Pakistan and India which is commonly referred to as the TAPI pipeline. The company will announce its year ended March 2012 results on 30 May 2012.
Fast food chain operator Jubilant FoodWorks rose 3.07% to Rs 1,167.85. The stock was fifth biggest gainer in 'A' group.
Stock With Volumes :
Grasim Industries, Wockhardt, A2Z Maintenance & Engineering Services and Tata Power Company are among the other stocks to see a surge in volumes on BSE today, 23 May 2012.
Torrent Power clocked volume of 3.87 lakh shares by 13:14 IST on BSE, a 23.31-times surge over two-week average daily volume of 17,000 shares. The stock fell 0.44% to Rs 192.
Grasim Industries notched up volume of 81,000 shares, a 14.24-fold rise over two-week average daily volume of 6,000 shares. The stock rose 0.24% to Rs 2,399.95.
Wockhardt clocked volume of 10.61 lakh shares, a 5.29-fold rise over two-week average daily volume of 2.01 lakh shares. The stock jumped 7.28% to Rs 770, with the stock extending Tuesday's 7.83% rally triggered by the company reporting strong financial performance for the year ended March 2012. The stock hit a high of Rs 775 so far during the day, which is a record high for the counter. Wockhardt's consolidated profit after tax (PAT) before exceptional items jumped 62% to Rs 947 crore on 23% growth in net sales to Rs 4614 crore in the year ended 31 March 2012 (FY 2012 ) over the year ended 31 March 2011 (FY 2011).
A2Z Maintenance & Engineering Services clocked volume of 11.29 lakh shares, a 3.09-fold surge over two-week average daily volume of 3.65 lakh shares. The stock surged 9.24% to Rs 109.95.
Tata Power Company clocked volume of 8.76 lakh shares, a 2.67-fold rise over two-week average daily volume of 3.28 lakh shares. The stock lost 2.49% to Rs 88.20 after the company reported a consolidated net loss of Rs 628.75 crore in Q4 March 2012 compared with a net profit of Rs 625.02 crore in Q4 March 2011. Tata Power's consolidated net sales rose 43.8% to Rs 7169.85 crore in Q4 March 2012 over Q4 March 2011. The company said the net loss during the quarter was mainly due to additionalprovision made for impairment of Rs 815 crore for Mundra Project. The impairment is mainly on account of forex losses incurred due to rupee depreciation.
Note : Data From Capital Market And Money Control !
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