MARKET UPDATES

SHREE GANESHAY NAMAAH !
NIFTY FUTURE :
Resis.  6003 / 6036 / 6066 / 6087
CMP: 5970.65
Supp. 5939 / 5906 / 5875 / 5844
Nifty at 20-month high as Mayawati backs UPA on FDI
With BSP supremo Mayawati lending her support to the government in Rajya Sabha on the contentious issue of FDI in retail, the 50-share NSE benchmark Nifty touched a 20-month high of 5,937.40.
सेंसेक्स 95 अंक चढ़ा, 5931 पर बंद निफ्टी
Market surges in late trade as BSP to support Govt on retail FDI vote in Rajya Sabha
MARKET UPDATES :
The total turnover on BSE amounted to Rs 2880 crore, slightly lower than Rs 2886 crore on Wednesday, 5 December 2012.
From the 30-share Sensex pack, 23 stocks rose while the rest of them fell.
BSP chief Mayawati today, 6 December 2012, said that BSP will vote in favour of the government during the retail FDI vote in the Rajya Sabha. The BSP supremo made her decision clear during a date on FDI in retail in the Rajya Sabha saying her party took in consideration the fact that FDI will not be forced upon the states. Mayawati said, "It is important to see in which sector foreign investment will be done. For any developing country, investment in all sectors is important. FDI is needed for developing countries. FDI should do value addition. She also said that there is a perception in people's minds that FDI affect farmers and small traders, therefore, no decision should be taken without proper analysis and discussion. But she added that the plus point for the current FDI policy of the central government is that sates won't be forced to implement it.
A two-day debate on FDI in multi-brand retail kicked off in Rajya Sabha today, 6 December 2012. After the debate, voting will take place in the upper house of the parliament where the government is not in a majority.
FDI in multi-brand retail on Wednesday, 5 December 2012 got the approval of the Lok Sabha as the Opposition motion seeking immediate withdrawal of the decision was rejected convincingly as MPs of BSP and SP walked out of the house before the vote. 218 voted in favour of the Opposition motion, while 253 voted against it in the House where 471 members participated in the voting. The total strength of the House is 545. Lok Sabha also rejected the motion seeking amendment to the rules notified by the Reserve Bank under Foreign Exchange Management Act (FEMA) to enable FDI in multi-brand retail. While 254 voted in favour of the government, 224 were against.
Stock With Volumes :
Volumes jump at Thermax counter, Gareware Polyester, Marg, Puravankara Projects, and Infotech Enterprises are among the other stocks to see a surge in volumes on BSE today, 6 December 2012.
Thermax notched up volume of 5.41 lakh shares by 13:13 IST on BSE, a 40.28-fold surge over two-week average daily volume of 13,000 shares. The stock lost 0.28% to Rs 598.85.
Gareware Polyester saw volume of 8.42 lakh shares, a 36.46-fold surge over two-week average daily volume of 23,000 shares. The stock lost 0.74% to Rs 93.90.
Marg clocked volume of 7.35 lakh shares, a 12.13-fold surge over two-week average daily volume of 61,000 shares. The stock tumbled 11.45% at Rs 63.80.
Puravankara Projects notched up volume of 5.16 lakh shares, a 6.18-fold surge over two-week average daily volume of 83,000 shares. The stock rose 2.59% to Rs 98.85.
Infotech Enterprises notched up volume of 4.21 lakh shares, a 5.33-fold surge over two-week average daily volume of 79,000 shares. The stock rose 1.14% to Rs 195.
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