MARKET UPDATES

SHREE GANESHAY NAMAAH !
Sensex recovers on monsoon forecast
Investors awaiting divine intervention as they saw their wealth erode all through the month of May finally had something to cheer for.
India's monsoon rains are likely to hit the southern Kerala coast in two days, a top weather official said on Monday, easing concerns about the onset delay threatening plantings of summer crops such as rice, soybean and cotton in the farm-dependent economy.
The positive news helped the benchmark indices get back on their feet to end the day flat, after being down nearly 1% for the better part of the day.
NIFTY FUTURE :
Supp. 4746 / 4768 / 4790 / 4815
CMP: 4840.50
Resis. 4866 / 4892 / 4915 / 4936
BANK NIFTY FUTURE  :
Supp. 8998 / 9076 / 9154 / 9244
CMP : 9333.75
Resis. 9425 / 9512 / 9592 / 9668
Market Updates :
Pantaloon Retail (India) leads gainers in 'A' group
Hexaware technologies, Manappuram Finance, Indiabulls Real Estate and Shree Cement are among the other gainers.
Pantaloon Retail (India) spurted 6.91% to Rs 148.45. The stock topped the gainers in the BSE's 'A' group. During market hours today, 4 June 2012, Pantaloon Retail (India) and its wholly owned subsidiary, Future Value Retail, have inter alia entered into share purchase agreement (SPA) with Cloverdell Investment (one of the affiliated entity of Warburg Pincus) to sell its holding in Future Capital Holdings (FCH) in two tranches representing a maximum of 53.67% but subject to a minimum of 40% of the equity share capital of the company. The sale is proposed at a price of Rs 162 per share in accordance with theterms and conditions of the SPA. Future Capital Holdings is systematically important non deposit accepting registered non banking financial company.
This SPA and further resolution passed today by FCH Board to make preferentialallotment of equity shares and / or convertible securities of around Rs 100 crore to Cloverdell Investment subject to the approval of members will require the Cloverdell Investment to make an open offer under the Sebi (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Hexaware technologies jumped 6.04% to Rs 121.95. The stock was second biggest gainer in 'A' group. The stock rose on volume of 2.96 lakh shares, higher than an average daily volume of 1.40 lakh shares in the past two weeks.
Manappuram Finance gained 5.87% to Rs 21.65. The stock was third biggest gainer in 'A' group. The stock had underperformed the market over the past one month till 1 June 2012, falling 31.83% compared with the Sensex's 7.82% fall. The scrip also underperformed the market in past one quarter, sliding 51.02% as against Sensex's 9.21% fall.
Indiabulls Real Estate advanced 5.39% to Rs 53.75. The stock was fourth biggest gainer in 'A' group. The stock rose on volume of 4.71 lakh shares, higher than an average daily volume of 3.82 lakh shares in the past two weeks.
Shree Cement rose 5.28% to Rs 2490. The stock was fifth biggest gainer in 'A' group. The stock rose on volume of 24,463 shares, higher than an average daily volume of 1,106 shares in the past two weeks.
Stock With Volumes :
Volumes jump at Kalpataru Power Transmission counter
Emami, Future Capital Holdings, Indraprastha Gas and Aban Offshore are among the other stocks to see a surge in volumes on BSE today, 4 June 2012.
Kalpataru Power Transmission clocked volume of 7.06 lakh shares by 13:15 IST on BSE, a 61.58-times surge over two-week average daily volume of 11,000 shares. The stock rose 0.94% to Rs 80.95.
Emami notched up volume of 3.07 lakh shares, a 34.28-fold rise over two-week average daily volume of 9,000 shares. The stock rose 0.87% to Rs 487.35.
Future Capital Holdings clocked volume of 13.15 lakh shares, a 6.96-fold rise over two-week average daily volume of 1.89 lakh shares. The stock rose 3.61% to Rs 141.95.
Indraprastha Gas clocked volume of 25 lakh shares, a 3.11-fold surge over two-week average daily volume of 8.04 lakh shares. The stock rose 2.57% to Rs 255.75 as the Delhi High Court had pronounced the judgement on 1 June 2012 in favor of the company that the Petroleum and Natural Gas Regulatory Board does not have the authority to fix tariffs.
Aban Offshore clocked volume of 2.21 lakh shares, a 1.99-fold rise over two-week average daily volume of 1.11 lakh shares. The stock tumbled 6.21% to Rs 329.45.
Note : Data From Capital Market And Money Control !
Note : Kindly Trade With Stoploss !