09 Feb 2010 Morning Market Updates

09 Feb 2010
Nifty may open flat and may continue yesterday's rally if Asian market will recover. Nifty may go till 4832 at that level selling expected because of profit booking.
Recommendations :
Follow buy only if market will sustain in positive
Buy Cox&Kings sl 428 Trg 448
Buy Balramchin sl 116  Trg122 / 124
Buy Cairn sl 247  Trg 266
Buy Ibrealest sl 168  Trg 186
Buy IDBI sl 116  Trg 121
Buy Ivrclinfra sl 309  Trg 320
Buy Relinfra above 1053
Buy Sesagoa sl 357  Trg 372
Buy Dicindia sl 208 Trg 214
Stocks in news: SAIL, Jet Air, Pantaloon, Ranbaxy, Gulf Oil
Here are stocks that are in news today:

SAIL - CNBC-TV18 exclusive
SAIL may issue bonus shares before FPO: sources
Govt has suggested bonus issue to SAIL: sources
SAIL management yet to finalise bonus issue plan: sources
Jet Airways - Mint Exclusive
Jet Airways in initial talks with Fedex Corp for cargo business
Jet Airways looking at JV or alliance with FedEx Corp
Jet Airways
January load factor at 73.6% versus 64.7% (YoY)
January International load factor at 84.9% versus 74.9% (YoY)
JetLite January Load Factor at 75.1% versus 67.8% (YoY)
Fame-INOX - CNBC-TV18 exclusive: sources
SEBI unlikely to intervene in Fame-INOX deal
Essentially a deal between buyer & seller
May not attract provisions of takeover code
To examine issue once letter received
Reliance Media Works sent objection letter to Fame management
Letters states Reliance made unconditional offer at Rs 80/share
Letter states sale to INOX at Rs 44/share blatantly understated
IPOs
Hathway
Hathway IPO opens today, issue of 2.77 cr shares in a price band of Rs 240-265
Gets anchor investors for 4.99 million shares at Rs 240/share
Investors include Franklin India, DSP Blackrock, Reliance Capital, Copthall Mauritius, Treeline Asia
Texmo
Texmo Pipes and Products IPO opens on February 16, closes on February 19, price band Rs 85-90/sh
Other stocks that are in news today:
Subex board approves issue of up to 6 million shares to promoters at Rs 80/share ((CMP: 60))
Govt notifies extending duty-free white sugar import till December 31: NW18
Pioneer Embroideries board meet today for preferential issue
Nuchem board approves selling property at Faridabad subject to approval from IFCI
Gulf Oil India board approves selling entire stake in its subsidiary IDL Specialty Chemicals ((IDL recently sold API biz to Biocon and was left with no major biz))
WHO says November inspection of Ranbaxy’s Paonta Sahib plant found no problems at site
RBI cracks the whip, say no to further rejig of realty loans, asking developers to lower rates and clear inventories to pay lenders – ET
Pantaloon plans to spin off 5 of its brands and merge with Capital Foods – ET
Govt mulls domestic sugar ban for bulk users to check prices – BS
Asian Oil Field open offer at Rs 61.20/sh ((CMP: 64))
F&O cues: Total Futures Open Interest down by Rs 1453 cr
Total Futures Open Interest down by Rs 1,453 crore, Total Options Open Interest up by Rs 1,675 crore
Stock Futures Add 2.8 crore shares in Open Interest
Nifty Calls add 13.5 lakh shares, Nifty Puts adds 7.8 lakh shares in Open Interest
Nifty PCR at 1.02 versus 1.03
Nifty Futures 5 pt premium versus 8 pt discount , Add 4.2 lakh shares
Nifty March 4400 Put Adds 3.8 lakh shares in Open Interest
Nifty Feb 4700 Put Adds 3.6 lakh shares in Open Interest
Nifty Feb 4600 Put Adds 3.2 lakh shares in Open Interest
Nifty Feb 5200 Call Adds 2.9 lakh shares in Open Interest
FIIs in F&O on February 8
FIIs net sell Rs 295 crore in Nifty Futures
FIIs net buy Rs 711 crore in Nifty Options
FIIs net sell Rs 4.6 crore in Stock Futures
FIIs net sell Rs 5.2 crore in Stock Options
Market cues:
FIIs were net sellers of USD 350 million on February 5 in the secondary markets. MFs were net sellers of Rs 296 crore on February 4.

The Total F&O Open Interest was up by Rs 3129 crore at Rs 1,11,781 crore.
As per provisional data on February 8 the FIIs were net sellers of Rs 935 crore in cash, however DIIs were net buyers of Rs 381 crore in cash and FIIs were net buyers of Rs 405 crore in the F&O.
US Markets :
The Dow Jones Industrial Average was on track Monday afternoon for its first close below 10,000 in three months, hurt by declines in all its financial components as concerns about the global economy and U.S. interest-rate policy simmered. Investors weighed a report in The Wall Street Journal that Federal Reserve Chairman Ben Bernanke will begin laying the groundwork for credit tightening later in the year, bringing to a close a period of historically low interest rates that have made it easier for ailing banks to book big profits. Dow Jones closed at 9899 loosing 103.84 points and Nasdaq composite closed at 2126.05 just 15.07 points in negative.
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