MARKET UPDATES

SHREE GANESHAY NAMAAH !
Sensex rebounds to close above 17000; Bank Nifty swells 2%
The 30-share BSE Sensex rebounded quite sharply in last hour of trade on Thursday, even after a downtrend in global markets. Banks, capital goods and FMCG took the lead in driving the benchmark index above 17,000 level (at close) for the first time since May 3.
The BSE benchmark gained more than 1,000 points in last eight out of 11 sessions, which rose 135.93 points or 0.80% to close at 17,032.56 today. The NSE benchmark was up 44.45 points at 5,165.
NIFTY FUTURE :
Supp. 5073 / 5091 / 5109 / 5130
CMP: 5151.15
Resis. 5173 / 5194 / 5212 / 5230
BANK NIFTY FUTURE  :
Supp. 9798 / 9852 / 9905 / 9968
CMP : 10031.75
Resis. 10095 / 10160 / 10212 / 10265
Market Updates :
Shree Cement leads gainers in 'A' group
Manappuram Finance, Indian Hotels Company, Financial Technologies (India) and Reliance Power are among the other gainers.
Shree Cement jumped 7.82% to Rs 2924.55 as the company was not penalised by the Competition Commission of India (CCI) for cartelisation. The stock topped the gainers in the BSE's 'A' group.
Most cement stocks dropped after the CCI on Thursday, 21 June 2012, levied a penalty of over Rs 6000 crore on 11 cement companies due to violation of the provisions of the Competition Act, 2002, which deals with anti-competitive agreements including cartels.
The cement manufacturers upon whom the penalty has been imposed are ACC, Ambuja Cements, UltraTech Cements, Grasim Cements (now merged with UltraTech Cements), JK Cements, India Cements, Madras Cements, Century Cements, Binani Cements, Lafarge India and Jaypee Cements.
Non-banking financial services company Manappuram Finance galloped 6.72% to Rs 24.60. The stock was second biggest gainer in 'A' group. Manappuram Financeannounced during trading hours today, 22 June 2012, that credit rating agency CRISIL, has reaffirmed “CRISIL A1+” (Pronounced as CRISIL A one plus) rating for various debt programs of the company and removed the rating from "Rating watch with DevelopingImplications". Instruments with this rating are considered to have very strong degree of safety regarding timely payment of debt obligations, the company said in a statement.
Hotel chain operator Indian Hotels Company climbed 6.03% to Rs 59.80. The stock was third biggest gainer in 'A' group. The company said at the fag end of the trading session today, 22 June 2012, that its committee of directors has approved allotment of 4.80 crore ordinary equity shares of Rs 103.64 each to Tata Sons upon conversion of warrants.
Financial software maker Financial Technologies (India) rose 4.41% to Rs 699.10. The stock was fourth biggest gainer in 'A' group.
Power generation company Reliance Power rose 3.38% to Rs 102.45. The stock was fifth biggest gainer in 'A' group.
Stock With Volumes :
Volumes jump at Manappuram Finance counter
Timken India, MCX, Hindustan Oil Exploration Company and Andhra Pradesh Paper Mills are among the other stocks to see a surge in volumes on BSE today, 22 June 2012.
Manappuram Finance clocked volume of 46.87 lakh shares by 13:02 IST on BSE, a 5.64-times surge over two-week average daily volume of 8.31 lakh shares. The stock rose 2.39% to Rs 23.60.
Timken India notched up volume of 3.24 lakh shares, a 4.68-fold surge over two-week average daily volume of 69,000 shares. The stock rose 2.28% to Rs 211.20.
MCX saw volume of 1.15 lakh shares, a 2.66-fold surge over two-week average dailyvolume of 43,000 shares. The stock rose 2.92% to Rs 1,043.
Hindustan Oil Exploration Company clocked volume of 12.35 lakh shares, a 2.22-fold surge over two-week average daily volume of 5.55 lakh shares. The stock fell 2.21% to Rs 128.50.
Andhra Pradesh Paper Mills saw volume of 2.88 lakh shares, a 1.76-fold rise over two-week average daily volume of 1.64 lakh shares. The stock advanced 3.94% to Rs 300.50.
Note : Data From Capital Market And Money Control !
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