Friday, August 30, 2013

MARKET BUZZZ 30TH AUG 2013

SHREE GANESHAY NAMAH !!

NIFTY WEEKLY RANGE FOR THE WEEK 26TH AUG -- 30TH AUG 5326 -- 5616. Either Side Sustaining Will Give 106 Points More, High 5528.70, Low 5118.85, Closed 5471.80.
Stock Updates
Volumes jump at Hatsun Agro Product counter, Hexaware Technologies, Cipla, Jindal Steel and Power and Wipro are among the other stocks to see a surge in volumes on BSE today, 30 August 2013.
Hatsun Agro Product clocked volume of 6.96 lakh shares on BSE, a 144.4-times surge over two-week average daily volume of 5,000 shares. The stock close at Rs. 141.25 after multiple block deals aggregating 5.9 lakh shares were executed on BSE. Two block deals of 1 lakh shares each were executed at Rs 150 per share at 10:29 IST. Another block deal of 1 lakh shares was executed at Rs 145 per share at around same time. One more block deal of 1.9 lakh shares was executed at Rs 150 per share at 10:40 IST. Another block deal of 1 lakh shares was executed at Rs 150 per share at 10:42 IST. The block deals constituted 0.54% of Hatsun Agro Products' equity.
Hexaware Technologies notched up volume of 17.44 lakh shares, a 3.1-fold surge over two-week average daily volume of 4.94 lakh shares. The stock lost 0.7% to Rs 128.15.
Cipla saw volume of 3.55 lakh shares, a 2.39-fold surge over two-week average daily volume of 99,000 shares. The stock surged 5.29% at Rs 416.95.
Jindal Steel and Power (JSPL) clocked volume of 11.84 lakh shares, a 1.77-fold surge over two-week average daily volume of 4.42 lakh shares. The stock tumbled 9.24% at Rs 221.90 after the company's board of directors approved buyback of equity shares.
JSPL's board of directors at its meeting held today, 30 August 2013, unanimously approved the buy-back of equity shares from its existing shareholders (other than the company's promoters, promoter group, persons in control and persons acting in concert), at a price not exceeding Rs 261 per share, up to an aggregate amount not exceeding Rs 1000 crore from the open market through the stock exchange(s), provided, inter alia, that such buy-back shall be equal to or less than 10% of the company's total paid-up equity capital and free reserves.
Wipro clocked volume of 5.49 lakh shares, a 1.72-fold surge over two-week average daily volume of 1.71 lakh shares. The stock rose 2% at Rs 483.90.
COURTESY : CAPITAL MARKET

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