MARKET UPDATE

SHREE GANESHAY NAMAAH !
Nifty Weekly Range For The Week 27th May To 31st May  5820 -- 6148 ! Either Side Closing Will Give 130 Points More !
Last Week Update :
Nifty Weekly Range For The Week 20th May To 24th May  6055 -- 6320 ! Either Side Closing Will Give 105 Points More ! Low Made 5936.85 High Made 6229.45 !
Stock With Volumes :
Volumes jump at Carborundum Universal counter, Wockhardt, Dr Reddys Laboratories, Strides Arcolab and SKS Microfinance are among the other stocks to see a surge in volumes on BSE today, 24 May 2013.
Carborundum Universal clocked volume of 9.06 lakh shares by 13:20 IST on BSE, a 130.91-times surge over two-week average daily volume of 7,000 shares. The stock rose 1.79% to Rs 130.90.
Wockhardt notched up volume of 6.10 lakh shares, a 8.59-fold surge over two-week average daily volume of 71,000 shares. The stock slumped 10.59% to Rs 1,176, extending Thursday's 20% slump triggered by US drug regulator imposing an import alert on a plant operated by the company.
The US Food and Drug Administration (USFDA) on Wednesday, 22 May 2013, issued an "import alert" on medicines manufactured at Wockhardt's plant at Aurangabad in Maharashtra after the plant failed an FDA safety inspection. The import alert requires that any drugs sent from this plant be impounded by US customs.
Dr Reddys Laboratories saw volume of 2.10 lakh shares, a 5.68-fold surge over two-week average daily volume of 37,000 shares. The stock rose 0.68% to Rs 2,065.
Strides Arcolab clocked volume of 1.81 lakh shares, a 3.36-fold surge over two-week average daily volume of 54,000 shares. The stock rose 0.60% to Rs 891.
SKS Microfinance saw volume of 5.66 lakh shares, a 3.32-fold rise over two-week average daily volume of 1.71 lakh shares. The stock rose 2% to Rs 99.40.
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