11th March Morning Updates

11th March Morning Updates:


Stocks that are in news today:

IPOs
Man Infra lists today
DQ Entertainment final subscriptions: Total: 86 times (X), QIB: 94x, NII: 273x, Retail: 19x
NMDC FPO subscribed 0.17x on day 1
BSNL update
BSNL board accepts Pitroda Committee Report
BSNL to send views on Pitroda report to DoT in few days
Board gives in principle nod to 30% divestment
Govt to take final call on quantum of share sale and timing
BSNL board had earlier suggested 10% divestment
From Sources ((HUL has been a big underpefromer))
P&G slashes prices for Tide Naturals
P&G to slash Tide prices by 20%
HUL likely to retaliate with pricing for Rin
HUL undertakes indirect price hikes in Lux
HUL undertakes price hike via grammage cuts for Lux
HUL Lux move to pass on excise duty hikes
Other stocks and sectors that are in news today:
Indian ADRs: HDFC Bank up 4.6%
Zenith Pharma sells 3.12% stake in Strides Arcolab, reduces stake to 21.3%
Videocon board fixes rights issue price at Rs 225/share, ratio at 2:9 ((CMP: 231))
LIC Housing keen to apply for banking license – BL
Tata Steel hit by Orissa Govt blanket ban on iron ore mining – BL
Anu’s Lab board approves amalgamation of Nitya Labs, ratio 10 shares of Anu’s for 14 shares held in Nitya Labs
Kirloskar Pneumatic bags Rs 118 crore order from JSPL to b executed in 15 months, total order book goes up to Rs 460 crore
NMDC denies going in for monthly contracts
GVK Power subsidiary wins order to develop 690MW MW Ratte Hydro Elect Project in J&K, estimated cost of the project is Rs 5000 crore and targeted for commissioning by 2017
Manappuram Gen Fin board meet on March 18 to mull bonus and split
F&O cues:

Futures Open Int up Rs 670 crore
Options Open Int up Rs 2828 crore
Nifty Mar Fut add 1.5 lakh shares in Open Int, at 2-pt prem
Nifty Apr Fut add 4 lakh shares in Open Int, at 1-pt prem
Nifty Open Int PCR at 1.39 versus 1.35
Nifty Puts add 38 lakh shares in Open Int
Nifty Calls add 12 lakh shares in Open Int
Nifty 5000 Put adds 13 lakh shares in Open Int
Nifty 5100 Put adds 8.2 lakh shares in Open Int
Nifty 5100 Call adds 3 lakh shares in Open Int
Nifty 5300 Call adds 3 lakh shares in Open Int
Stock Futures add 1.8 crore shares in Open Int
FIIs in F&O on March 10
Net buy Rs 336 crore in Nifty futures
Net sell Rs 270 crore in Stock futures
Net buy Rs 94 crore in Nifty options
US Market:
Markets grinding higher picking up some gains on mild trading volumes, the Dow 3 points higher, the S&P picking up 5 points and the Nasdaq adding 18 points. The US government running up its largest ever monthly Budget deficit in February totaling USD 221 billion that is the 17th month in a row the US posted a Budget deficit. The nation’s year-to-date fiscal deficit ballooning more than 10% to a record USD 651 billion.

Wholesale inventories unexpectedly falling by 0.2% in January thanks to a surge in demand, sales rise 1.3% the 10th consecutive monthly gain.
Jobless rates risen in 30 states nationwide in January, unemployment hitting record highs in five of those states, the senate passing USD 149 billon jobless aid package on Wednesday; the bill now goes to the house of representatives.
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