Morning Updates 14 Jan 2010

14 Jan 2010
Asain updates:
SGX Nifty : +14 (5257)
HangSeng : +123 (21872)
Nikkie : +108 (10844)
The Dow Jones Industrial Average rose 53.51 points, or 0.50%, to 10,680.77. The Standard & Poor's 500 Index gained 9.46 points, or 0.83%, to 1,145.68. The Nasdaq Composite Index rose 25.59 points, or 1.12, to 2,307.90.
The US stocks closed higher, it was a fresh 15-month closing high for the Dow. The benchmark indices rebounded in the afternoon after seesawing earlier. Financials, technology and pharma stocks supported the upmove. Among the key gainers from the banking space were Wells Fargo and Bank of America, both were up nearly 2%.
In data released yesterday, the Federal Reserve's Beige book showed grudging improvement from the low levels of the recession. The US treasury department said the government racked up 91.85 billion dollars budget deficit in December, a record for the month, marking a record 15th straight month of government red ink.
Results Today: CMC, Finolex Industries, Jindal Saw, Orient Paper, Rallis, South Indian Bk, Tinplate, Usha Martin, gruh Finance, ANG Auto

Infinite Computer Solutions IPO subscription (issue closed)
. Total subscription - 43.22 times
• QIB at 48.44 times
• NII at 106 times
• Retail at 11.08 times
Birla Shloka FPO subscription (issue closed)
. Total subscription - 1.43 times
• QIB at nil
• NII at 5.455X
• Retail at 1.756X
Oil Ministry meeting with Prime Minister on oil sector concludes
Sources Say:
• Price hike discussed at meeting; no decision taken
• Oil PSU chiefs pushed for deregulation of sector
• CNBC-TV18 ALERT: Oil Ministry to meet FM today on fuel pricing, oil bonds
Texmaco Q3:
-Net sales at Rs 239 crore versus Rs 166 crore (YoY)
-Net profit at Rs 22.23 crore versus Rs 15.43 crore (YoY)
Bajaj Holdings Q3:
-Consolidated net sales at Rs 132.8 crore versus Rs 14.3 crore (YoY)
-Consolidated net profit at Rs 262.2 crore versus Rs 59.1 crore (YoY)
Zenotech Q3:
-Net loss at Rs 3.06 crore versus loss of Rs 4.73 crore (YoY)
-Net sales at Rs 1.63 crore versus Rs 1.1 crore (YoY
Gallant Metal Q3
-Net sales at Rs 118.8 crore versus Rs 69.1 crore
-Net profit at Rs 10 crore versus Rs 46 lakh
Supreme Industries Q2
-Net sales at Rs 484.1 crore versus Rs 351.4 crore
-Net sales at Rs 35.9 crore versus loss of Rs 1.5 crore
Tata Steel MD Says:
-Negative reaction to price hikes ridiculous
-Price hikes in sync with global rates
-Removal of import restrictions will not impact prices
-Raw material prices biggest worry of steel industry
Fund Action witnessed in Shilpa Medicare, Strides Arcolab, Subex, Uniphos Enterprises, Cinemax India, Mastek, Sasken Comm and Autolite (India).
Fund Action:
Shilpa Medicare
ICICI Prudential Trust buys 7.5 lakh shares (3.8% eq) at Rs 200 per share
Strategic Ventures Fund sells 7 lakh shares at Rs 200 per share
Strides Arcolab
Reliance Capital Asset Management buys 3.8 lakh shares at Rs235.5 per share
Zenith Pharmaceuticals sells 10 lakh shares at Rs 235.6 per share
Subex
Barclays Capital sells 3.9 lakh shares at Rs 78.17 per share
Uniphos Enterprises
HDFC Prudence Fund sells 1.5 lakh shares at Rs 31 per share
Cinemax India
Merrill Lynch Capital buys 3.09 lakh shares at Rs 75 per share
Mastek
Amansa Investments buys 2.3 lakh shares at Rs 400 per share
Bajaj Allianz Life Insurance sells 2 lakh shares at Rs 400 per share
Sasken Commu
Nortel Networks sells 1.6 lakh shares at Rs 185.2 per share
Autolite (India)
Emerging India Focus buys 96.3 thousand shares at Rs 36 per share
Rhodes Diversified sells 1 lakh shares at Rs 36 per share
Market cues:
FIIs net sell USD 57.7 million in equities on January 12
NSE F&O Open Int up by Rs 2854 crore at Rs 1,04,092 crore
FIIs net sell Rs 286 crore in cash markets on January 13
DIIs net buy Rs 122 crore in cash markets on January 13
FIIs net sell Rs 825 crore in F&O on January 13
F&O cues:
Futures Open Int up by Rs 1430 crore, Options Open Int up by Rs 1425 crore
Nifty futures adds 1.3 lakh shares in Open Int
Nifty futures at 9 point premium versus 2 point discount
Stock futures add 5 cr shares in Open Int
Nifty Open Int PCR at 1.26 versus 1.23
Nifty Puts add 16.1 lakh, Calls add 2.9 lakh shares in Open Int
Nifty 5100 Put adds 3.8 lakh shares in Open Int
Nifty 4900 Put adds 1.3 lakh shares in Open Int
Nifty 5200 Put sheds 2 lakh shares in Open Int
FIIs in F&O on Jan 13
FIIs net sell Rs 716 crore in Nifty Futures
Nifty Futures Open Int up by 20913 contracts
FIIs net buy Rs 565 crore in Nifty Options
Nifty Options Open Int up by 37728 contracts
FIIs net sell Rs 680 crore in Stock Futures
Stock Futures Open Int up by 12739 contracts
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