Monday, July 22, 2013

MARKET BUZZ 22ND JULY 2013

SHREE GANESHAY NAMAH !!

Nifty Weekly Range For The Week 22nd July To 26th July 5916 -- 6148 ! Either Side Sustaining Will Give 65 Points More, High 6064.15, Low 6004.25, Closed 6031.80 !
Nifty View : Nifty has major support of 5920 if sustians this level in coming days it expected to see level 6125 to 6192.
Stock Updates
Volumes jump at Infotech Enterprises counter, Hindustan Zinc, Wockhardt, MMTC and Bharat Heavy Electricals are among the other stocks to see a surge in volumes on BSE today, 22 July 2013.
Infotech Enterprises clocked volume of 44.14 lakh shares by 13:49 IST on BSE, a 1570.73-times surge over two-week average daily volume of 3,000 shares. The stock rose 1.15% to Rs 180 after two block deals aggregating 43.95 lakh shares were executed on BSE at 10:33 IST. A block deal of 16.66 lakh shares was executed at Rs 180 per share. Another block deal of 27.29 lakh shares was executed at Rs 180.95 per share. The two block deals constitute 3.93% of Infotech Enterprises' equity.
Hindustan Zinc notched up volume of 10.34 lakh shares, a 16.28-fold surge over two-week average daily volume of 63,000 shares. The stock lost 1.34% at Rs 102.80.
Wockhardt saw volume of 7.87 lakh shares, a 6.16-fold surge over two-week average daily volume of 1.28 lakh shares. The stock tumbled 8.98% at Rs 809.50 after the company said it has received a warning letter from USFDA, listing the observations made by it during its earlier inspection of the company's Waluj facility near Aurangabad. Wockhardt had on 24 May 2013 said that the company received an 'import alert' from the United States Food and Drug Administration (USFDA) on one of its manufacturing unit located at Waluj. The company at that time said that the impact of the import alert on the revenues is estimated to be in the range of $100 million on an annualised basis. Wockhardt said that the company continues to cooperate with the United States Food and Drug Administration (USFDA) to resolve the issues at the earliest. If any additional measures are necessary, the company would take them to squarely address all concerns, Wockhardt said.
MMTC clocked volume of 32.46 lakh shares, a 3.41-fold surge over two-week average daily volume of 9.51 lakh shares. The stock was locked at 5% upper circuit at Rs 55.55.
Bharat Heavy Electricals (Bhel) saw volume of 10.37 lakh shares, a 2.3-fold rise over two-week average daily volume of 4.51 lakh shares. The stock tumbled 5.38% to Rs 164.40.
courtesy : capital market