MARKET UPDATES

SHREE GANESHAY NAMAAH !
NIFTY FUTURE :
Res. 5753 / 5767 / 5788 / 5816
CMP: 5739.55
Supp. 5725 / 5710 / 5685 / 5648
TCS overtakes RIL to become most valued firm
IT major TCS surpassed Reliance Industries to become the country's most valued company as its market capitalisation soared to over Rs 2.61 lakh crore today because of spurt in the share price.
Govt clears 12 FDI proposals worth Rs 707 crore
The government has cleared 12 FDI proposals, including the ones by UK's footwear chain Pavers England and America's oldest clothing retailer Brooks Brothers, that envisage a total investment of Rs 706.66 crore.
MARKET UPDATES
Q2 results, US presidential election in focus, Next batch of corporate earnings, macroeconomic data and US presidential elections will dictate near term trend on the bourses.
Cipla announces Q2 results on Monday, 5 November 2012. Tata Power and Reliance Infrastructure unveil Q2 results on Tuesday, 6 November 2012. Hindalco Industries and its US unit Novelis Inc. unveil Q2 results on the same day. Bharti Airtel and Tata Motors unveil Q2 results on Wednesday, 7 November 2012. Sun Pharmaceuticals Industries and ONGC announce Q2 September 2012 results on Thursday, 8 November 2012. Ranbaxy Laboratories unveils Q3 September 2012 results on the same day. Tata Steel, Jindal Steel & Power, Coal India, State Bank of India and BPCL unveil Q2 results on Friday, 9 November 2012.
On the political front, assembly polls in Himachal Pradesh (HP) will take place on Sunday, 4 November 2012. However, it will take long time to know the outcome of the HP assembly polls as the counting of assembly elections in HP and Gujarat will take simultaneously after assembly polls take place in Gujarat in two phases on 13 and 17 December 2012. Counting of votes of assembly elections in Gujarat and HP Pradesh will take place on the same day on 20 December 2012.
In key overseas events, the 18th Communist Party Congress, which officially kicks off China's once-in-a-decade leadership change, begins on Thursday, 8 November 2012. Chinese President Hu Jintao is expected to hand over the role of party chief to heir apparent Xi Jinping, among other changes. China is the word's second biggest economy.
Election for a new president in the United States, the world's biggest economy, is scheduled on Tuesday, 6 November 2012.
Investors are worried about US fiscal cliff. The "cliff" refers to the year-end deadline for the expiration of hundreds of billions of dollars worth of tax cuts and the triggering of $109 billion in across-the-board spending cuts. The US Congress created the hazardous deadline of 31 December 2012 in August 2011 when it agreed to a deficit deal as a way out of a deadlock over raising the US debt ceiling.
STOCK WITH VOLUMES :
Volumes jump at Ashok Leyland counter, Carborundum Universal, Union Bank of India, Dishman Pharmaceuticals and Chemicals and 20 Microns are among the other stocks to see a surge in volumes on BSE on 2 November 2012.
Ashok Leyland clocked volume of 59.46 lakh shares by 14:03 IST on BSE, a 21.13-times surge over two-week average daily volume of 2.81 lakh shares. The stock rose 1.69% to Rs 24.
Carborundum Universal notched up volume of 8.67 lakh shares, a 15-fold surge over two-week average daily volume of 58,000 shares. The stock advanced 2.32% to Rs 154.55.
Union Bank of India notched up volume of 18.51 lakh shares, a 13.69-fold surge over two-week average daily volume of 1.35 lakh shares. The stock surged 6.54% to Rs 219.95.
Dishman Pharmaceuticals and Chemicals saw volume of 8.02 lakh shares, a 7.44-fold surge over two-week average daily volume of 1.08 lakh shares. The stock jumped 1.57% to Rs 100.15.
20 Microns clocked volume of 14.20 lakh shares, a 7.06-fold surge over two-week average daily volume of 2.01 lakh shares. The stock galloped 15.78% to Rs 145.30.
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