MARKET UPATES

SHREE GANESHAY NAMAAH !
Stocks/sectors that you can bet on if RBI cuts rate
Market surges as weak April industrial production data fuels rate-cut hopes
Over the past week, Indian equities gained over 5% on hopes of a rate cut from the Reserve Bank of India on its monetary policy review on June 18.
While the street is still waiting for the inflation number out Thursday, as that will be the determining factor, experts have pegged their hope on a 50 basis point repo rate cut or 50-100 basis point cut in the cash reserve ratio come Monday
NIFTY FUTURE :
Supp. 5005 / 5034 / 5060 / 5093
CMP: 5126.45
Resis. 5160 / 5192 / 5220 / 5246
BANK NIFTY FUTURE  :
Supp. 9774 / 9850 / 9925 / 10014
CMP : 10101.70
Resis. 10190 / 10276 / 10355 / 10430
Market Updates :
Uco Banks leads gainers in 'A' group
Ambuja Cements, Allahabad Bank, GMR Infrastructure and Pantaloon Retail (India) are among the other gainers.
State-run UCO Bank spurted 6.15% to Rs 80.25. The stock topped the gainers in the BSE's 'A' group. Bank shares rose across the board today, 12 June 2012, on hopes the Reserve Bank of India (RBI) will cut interest rates at mid-quarter monetary policy review on 18 June 2012 to prop up slowing economy after the latest data showed industrial output grew just 0.1% in April 2012.
Ambuja Cements jumped 5.15% to Rs 158.30. The stock was second biggest gainer in 'A' group. Most cement shares rose on expectations of increased construction activity after Prime Minister Manmohan Singh on Wednesday, 6 June 2012, laid out ambitious infrastructure development plans to revive sagging economic growth.
State-run Allahabad Bank rose 5.13% to Rs 143.40. The stock was third biggest gainer in 'A' group.
GMR Infrastructure rose 5.09% to Rs 22.70. The stock was fourth biggest gainer in 'A' group.
Organised retailer Pantaloon Retail (India) rose 4.70% to Rs 171.45, extending recent gains triggered by the company allotting 81.63 lakh equity shares at a premium of Rs 243per share to a private investor on preferential basis. The stock was fifth biggest gainer in 'A' group.
The company after market hours on 6 June 2012 said a Committee of Directors at a meeting held on 6 June 2012, has allotted 81.63 lakh equity shares at Rs 245 per share to Bennett, Coleman & Co (BCCL), a private investor, not forming part of promoter Group, on a preferential allotment basis.
Stock With Volumes :
Volumes jump at GlaxoSmithkline Pharmaceuticals counter
Nestle India, Raymond, Gitanjali Gems and Pipavav Defence and OffshoreEngineering Company are among the other stocks to see a surge in volumes on BSE today, 12 June 2012.
GlaxoSmithkline Pharmaceuticals clocked volume of 35,000 shares by 12:54 IST on BSE, a 31.52-times surge over two-week average daily volume of 1,000 shares. The stock lost 0.15% to Rs 1,964.
Nestle India notched up volume of 34,000 shares, a 5.43-fold rise over two-week average daily volume of 6,000 shares. The stock fell 0.86% to Rs 4,470.
Raymond clocked volume of 2.0 lakh shares, a 2.25-fold rise over two-week average daily volume of 89,000 shares. The stock rose 0.01% to Rs 382.70.
Gitanjali Gems clocked volume of 4.44 lakh shares, a 1.95-fold surge over two-week average daily volume of 2.28 lakh shares. The stock rose 0.12% to Rs 303.40.
Pipavav Defence and Offshore Engineering Company clocked volume of 33.86 lakh shares, a 1.73-fold rise over two-week average daily volume of 19.59 lakh shares. The stock rose 2% to Rs 81.70 after the company said it has decided to enter into a strategic partnership with European naval defence company -- DCNS.
The focus of the proposed partnership between Pipavav Defence and OffshoreEngineering Company and DCNS is to build the highest state of the art strategic assets including modern warships for the Indian Navy and Coast Guard, Pipavav said in a statement.
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