MARKET UPDATES

SHREE GANESHAY NAMAAH !
No austerity condition attached to bailout package: Spain
Spain will shortly make a request for financial assistance from euro-zone which had agreed to provide a 100 billion-euro (USD 125 billion) bailout package that comes with conditions -- not necessarily austeiry measures-- attached to the country's banking sector.
"The Spanish government will make an application for assistance from the European bailout fund for the recapitalisation of its banks," Spanish Economy Minister Luis de Guindos said ending weeks of uncertainty about whether Madrid will accept a bailout.
NIFTY FUTURE :
Supp. 4942 / 4968 / 4995 / 5025
CMP: 5059.40
Resis. 5092 / 5125 / 5150 / 5178
BANK NIFTY FUTURE  :
Supp. 9650 / 9715 / 9780 / 9860
CMP : 9939.50
Resis. 10020 / 10096 / 10162 / 10230
Market Updates :
Sun TV Network leads gainers in 'A' group
HDIL, Indiabulls Financial Services, Reliance Infrastructure and JSW Energy are among the other gainers.
Sun TV Network surged 9.13% to Rs 257.65, extending four-day 14.56% gain. The stock topped the gainers in the BSE's 'A' group. The stock rose on volume of 6.01 lakh shares, sharply higher than an average daily volume of 78,000 shares in the past two weeks.
HDIL jumped 5.89% to Rs 72.80 and was the second biggest gainer in 'A' group. The realty stock rose in anticipation of interest rate cut by the Reserve Bank of India to prop upslowing economy. Realty shares are interest rate sensitive and hence lower interest ratesmay help revive demand for properties. Purchases of both residential and commercial property are largely driven by finance.
Indiabulls Financial Services spurted 4.69% to Rs 233.35 and was third biggest gainer in 'A' group. The stock rose on volume of 4.73 lakh shares, higher than an average daily volume of 1.21 lakh shares in the past two weeks.
Reliance Infrastructure advanced 4.02% to Rs 501.90 and was fourth biggest gainer in 'A' group. The infrastructure stock extended Thursday's 3.22% gain triggered as Prime Minister Manmohan Singh set optimistic targets for the major infrastructure sectors for the year ending March 2013 on Wednesday. Manmohan Singh said that the needs of theinfrastructure sector are vast estimated at over $1 trillion in the next five years. The government alone cannot invest such huge amounts and therefore it is important that we involve the private sector in our efforts, through Public Private Partnerships (PPP), he added.
JSW Energy gained 3.74% to Rs 47.10, extending five-day 12% advance. It was fifth biggest gainer in 'A' group. The stock rose on volume of 8.24 lakh shares, higher than an average daily volume of 4.63 lakh shares in the past two weeks.
Stock With Volumes :
Volumes jump at Andhra Pradesh Paper Mills counter
Tata Coffee, Sun TV Network, Lupin and Delta Corp are among the other stocks to see a surge in volumes on BSE today, 8 June 2012.
Andhra Pradesh Paper Mills clocked volume of 5.23 lakh shares by 13:44 IST on BSE, a 12.32-times surge over two-week average daily volume of 42,000 shares. The stockjumped 9.67% to Rs 261.50.
Tata Coffee notched up volume of 1.09 lakh shares, a 11.34-fold rise over two-week average daily volume of 9,628 shares. The stock rose 2.81% to Rs 870.95.
Sun TV Network clocked volume of 3.37 lakh shares, a 4.3-fold rise over two-week average daily volume of 78,000 shares. The stock surged 7.33% to Rs 253.40
Lupin clocked volume of 1.11 lakh shares, a 2.61-fold surge over two-week average daily volume of 43,000 shares. The stock shed 1.35% to Rs 541.
Delta Corp clocked volume of 24.02 lakh shares, a 2.41-fold rise over two-week average daily volume of 9.97 lakh shares. The stock declined 2.46% to Rs 65.55
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