MARKET UPDATES

SHREE GANESHAY NAMAAH !
NIFTY FUTURE :
Supp. 5341 / 5368 / 5382 / 5393
CMP: 5402.70
Resis. 5415 / 5422 / 5446 / 5469
SHREE GANESHAY NAMAAH ! NIFTY FUTURE : Supp. 5341 / 5368 / 5382 / 5393 CMP: 5402.70 Resis. 5415 / 5422 / 5446 / 5469 Govt resorts to Press seeking Coalgate debate in Parliament In the aftermath of CAG report on Coalgate, the Opposition went ballistic disrupting Parliament proceedings while demanding the Prime Minister's resignation. ONGC, Coal India spike 2-3% गिरावट पर बंद बाजार, रियल्टी शेयर टूटे खराब अंतर्राष्ट्रीय संकेतों से बाजार लड़खड़ा गए और निफ्टी 5400 के स्तर के नीचे फिसला। सेंसेक्स 67 अंक गिरकर 17783 और निफ्टी 24 अंक गिरकर 5391 पर बंद हुए। मिडकैप और स्मॉलकैप 0.5-0.75 फीसदी गिरे।   आरबीआई के महंगाई पर फिर से चिंता जताने की वजह से बाजार की दरें घटने की उम्मीदों पर पानी फिरा। जिसकी वजह से रियल्टी 2.5 फीसदी टूटे। कैपिटल गुड्स, बैंक और पावर शेयरों में 1-0.75 फीसदी की गिरावट आई। Market Updates :  Jain Irrigation Systems jumped 4.80% to Rs 76.45 on BSE, with the stock recovering on bargain hunting after 5-day 16.05% slide triggered by the company reporting net loss in Q1 June 2012 Fourteen banks fell on BSE after the Reserve Bank of India estimated that Indian banks would need about Rs 5 lakh crore of additional capital to meet the Basel-III norms. Yes Bank (down 2.68%), Axis Bank (down 1.66%), Union Bank of India (down 2.78%), Bank of India (down 2.65%), ICICI Bank (down 1.79%), IDBI Bank (down 1.38%), Federal Bank (down 1.78%), Canara Bank (down 1.60%), State Bank of India (down 0.92%), IndusInd Bank (down 1.50%), Bank of Baroda (down 0.42%), Kotak Mah. Bank (down 0.49%), Punjab National Bank (down 0.56%) and HDFC Bank (down 0.25%), edged lower. Gillette India tumbled 4.70% to Rs 2,224 on BSE after net profit fell 12.1% to Rs 75.73 crore on 16.3% growth in net sales to Rs 1228.80 crore in the year ended 30 June 2012 over the year ended 30 June 2011. Reliance Power rose 2.38% to Rs 86.20 on BSE after the company said it has signed an initial agreement with China Datang Corporation to develop and operate power and other energy projects in India and overseas. Stock With Volumes : Volumes jump at HT Media counter Madras Cements, Jyothy Laboratories, IFCI, and Venus Remedies are among the other stocks to see a surge in volumes on BSE, 24 August 2012. HT Media clocked volume of 22.71 lakh shares by 13:00 IST on BSE, a 120-times surge over two-week average daily volume of 19,000 shares. The stock surged 3.50.% to Rs 89.85 Madras Cements notched up volume of 23.88 lakh shares, a 87.55-fold surge over two-week average daily volume of 18,000 shares. The stock rose to Rs 188.95. Jyothy Laboratories clocked volume of 6.35 lakh shares, a 19.69-fold surge over two-week average daily volume of 24,000 shares. The stock jumped 9% to Rs 158.60. The stock hit a high of Rs 165.30 so far during the day, which is a record high for the counter. IFCI clocked volume of 2.19 crore shares, a 16.47-fold surge over two-week average daily volume of 9.02 lakh shares. The stock tumbled down to Rs 29.25 The Union Cabinet on Thursday, 23 August 2012, approved the proposal to exercise the option by the Government of India to convert Rs 400 crore and Rs 523 crore optionally convertible debentures (OCDs) held by Government of India in IFCI into equity at par. The conversion option will be exercised immediately, the government said in a statement. Post exercise of conversion option of Rs 923 crore OCDs into equity at par, the holding of Government of India will become 55.57% and by including the holding of banks/financial institutions (FIs), it will be 68.31% thus making it a government company, the government statement said. Venus Remedies clocked volume of 6.34 lakh shares, a 15.7-fold surge over two-week average daily volume of 17,000 shares. The stock jumped to Rs 258.75. Note : Data From Capital Market And Money Control ! Note : Kindly Trade With Stoploss !