MARKET UPDATES

SHREE GANESHAY NAMAAH !
NIFTY FUTURE :
SUPP : 5685 / 5648
CMP : 5729.90
RESI : 5774 / 5820
Sensex nosedives 290 as Budget 2013 flops; banks hammered
Equity indices crashed to fresh three-month lows Thursday, after the final Budget of UPA-II fell way short of market expectations. Brokers said the sell-off could have been aggravated because of derivatives expiry, and the liquidity problems being faced by some corporates and traders.
बाजार को रास नहीं आया बजट, 1.5% टूटे
MARKET UPDATES :
Market loses ground on hike in surcharge on corporate tax in Budget
The total turnover on BSE amounted to Rs 3533 crore, higher than Rs 2065 crore on Wednesday, 27 February 2013.
The market breadth, indicating the overall health of the market, was weak. On BSE, 1,962 shares fell and 866 shares rose. A total of 103 shares were unchanged.
Among the 30-share Sensex pack, 24 declined and rest of them gained.
Stock With Volumes :
Volumes jump at Apollo Hospitals Enterprise counter, Maharashtra Seamless, Thermax, Suzlon Energy, and Strides Arcolab are among the other stocks to see a surge in volumes on BSE today, 28 February 2013.
Apollo Hospitals Enterprise clocked volume of 54.07 lakh shares by 13:48 IST on BSE, a 1027.95-times surge over two-week average daily volume of 5,000 shares. The stock rose 0.16% to Rs 823.35.
Maharashtra Seamless notched up volume of 2.52 lakh shares, a 89.5-fold surge over two-week average daily volume of 3,000 shares. The stock lost 0.45% to Rs 211.
Thermax saw volume of 1.02 lakh shares, a 44.22-fold surge over two week average daily volume of 2,000 shares. The stock lost 1.2% to Rs 586.60.
Suzlon Energy clocked volume of 12.96 crore shares, a 16.09-fold surge over two-week average daily volume of 80.57 lakh shares. The stock tumbled 6.6% to Rs 22.65.
Suzlon Energy during trading hours today, 28 February 2013 said that the promoters of the company have sold 10.995 crore shares today, 28 February 2013 representing approximately 6.19% of the paid-up capital of the company for a total consideration of approximately Rs 240.40 crore. Part of this funds so raised would be infused into the company by suitable mode at the earliest, subject to applicable law to comply with equity infusion requirement under CDR mechanism as promoter contribution, which in current liquidity situation would also support the operations of the company. Balance funds would be utilized to release pledged shares by repayment of loans taken by promoters, Suzlon said.
Following this sale, the promoter Group's holding in the company stands reduced to approximately 44.46% of the paid-up capital, Suzlon added.
Strides Arcolab saw volume of 12.25 lakh shares, a 6.53-fold rise over two-week average daily volume of 1.88 lakh shares. The stock tumbled 6.76% to Rs 918 after consolidated net profit declined 10.55% to Rs 61.19 crore on 7.04% decline in total income to Rs 650.63 crore in Q4 December 2012 over Q4 December 2011. The company announced Q4 results during trading hours today, 28 February 2013.
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