MARKET UPDATES

NIFTY FUTURE :
Resis.  6077 / 6092 / 6118 / 6139
CMP: 6061.55
Supp. 6045 / 6030 / 6006 / 5978
Sensex drops 120 points; HUL, GAIL biggest losers
The BSE Sensex dropped 120 points to end the day below the 20,000-mark after FMGC major Hindustan Unilever came out with a disappointing set of third quarter earnings.
20000 के नीचे सेंसेक्स, 6048 पर बंद निफ्टी
MARKET UPDATES :
Chidambaram seeks to reassure foreign investors
India's economy will grow "no better than" 5.7 percent in the current fiscal year but will regain traction in 2013/2014, the finance minister said on Tuesday, as he sought to reassure international investors that the government remained committed to pro-growth policies and reforms.
Pantaloon Retail (India) leads gainers in 'A' group, Berger Paints India, CRISIL, Asian Paints and ACC are among the other gainers.
Organised retailer Pantaloon Retail (India) spurted 9.69% to Rs 266.10 after the central bank eased restrictions on the purchase of shares in the company by foreign institutional investors, non-resident Indians and persons of Indian origin. The stock topped the gainers in the BSE's 'A' group. The stock hit a 52-week high of Rs 275.75 in intraday today, 22 January 2013.
The Reserve Bank of India (RBI) on Monday, 21 January 2013, notified that the aggregate shareholdings by foreign institutional investors (FIIs)/non resident Indians (NRIs)/persons of Indian origin (PIOs) under portfolio investment scheme in Pantaloon Retail (India) has gone below the prescribed threshold limit stipulated under extant Foreign Direct Investment Policy. Hence the restrictions placed on the purchase of shares of the company on behalf of FIIs/NRIs/PIOs, are withdrawn with immediate effect.
Paints and varnishes maker Berger Paints India jumped 3.24% to Rs 167.40. The stock was second biggest gainer in 'A' group. The stock hit a record high of Rs 170.45 in intraday today, 22 January 2013. The company will announce Q3 results on 2 February 2013.
Credit rating agency CRISIL climbed 2.44% to Rs 1,027. The stock was third biggest gainer in 'A' group.
India's largest paint maker by sales Asian Paints rose 2.42% to Rs 4,400.30 after consolidated profit after tax rose 30.5% to Rs 335.20 crore on 19% growth in income from operations to Rs 3052.90 crore in Q3 December 2012 over Q3 December 2011. The result was announced after market hours Monday, 21 January 2013. The stock was fourth biggest gainer in 'A' group.
Stock With Volumes :
Volumes jump at Blue Dart Express counter, Shoppers Stop, Pantaloon Retail (India), Opto Circuits (India), and Kotak Mahindra Bank are among the other stocks to see a surge in volumes on BSE today, 22 January 2013.
Blue Dart Express clocked volume of 52,000 shares by 13:03 IST on BSE, a 400.91-times surge over two-week average daily volume of 129 shares. The stock rose 0.96% at Rs 2,003.05.
Shoppers Stop notched up volume of 1.22 lakh shares, a 13.68-fold surge over two-week average daily volume of 9,000 shares. The stock surged 8.2% to Rs 461.30.
Pantaloon Retail (India) saw volume of 40.57 lakh shares, a 8.55-fold surge over two-week average daily volume of 4.75 lakh shares. The stock jumped 12.74% to Rs 273.50.
Opto Circuits (India) clocked volume of 19.23 lakh shares, a 7.07-fold surge over two-week average daily volume of 2.72 lakh shares. The stock tumbled 7.55% to Rs 88.75.
Kotak Mahindra Bank saw volume of 4.53 lakh shares, a 6.9-fold rise over two-week average daily volume of 66,000 shares. The stock rose 1.92% to Rs 641.10 after consolidated net profit rose 24.76% to Rs 577.21 crore on 33.09% growth in total income to Rs 4157.12 crore in Q3 December 2012 over Q3 December 2011. The bank announced the results during trading hours today, 22 January 2013.
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