10th June Morning Updates:

10th June Morning Updates:
Stocks that are in news today:

Base rate -CNBC-TV18 exclusive: sources
HDFC Bank may keep base rate around 6%
Most PSUs, some private banks may keep base rate around 8%
Base rate to replace PLR from July 1
Banks cannot lend below base rate
Hindustan Copper to CNBC-TV18
Expect to raise around Rs 4,000 crore from issue
Issue expected to hit market by September
No plan yet to hike issue size to comply with 25% norm
Ex-dates today

HDFC Bank : Ex dividend Rs 12/share
ICICI Bank : Ex dividend Rs 12/share
Infotech Enterprise : Ex-Bonus 1:1
Other stocks and sectors that are in news today:
Essar Oil’s holding company Essar Energy included in FTSE 100
Orbit Corp board meet on June 18 to raise Rs 1,000 crore via QIP
Engineers India FPO expected to hit market by July-end, ((Expected to raise Rs 1,100-1,200 crore or 10% dilution)
ACC cement despatches for May at 1.75 million tons versus 1.82 million tons (YoY)
Lanco group & Edelweiss Capital made a bid in the range of Rs 30-45 crore to acquire Axis Bank's PE firm – BS
Tata Sons increase their stake by 2% in Voltas
ONGC Petro Additions talking to 3-4 foreign players for tie-up ((Lyondell,Ineos,Itochu)): DNA
Fatpipe IPO extends closing date to June 14 from June 9 and revises price band to Rs 80-85 (versus Rs 82-85)
F&O cues:

Futures Open Int up Rs 784 crore
Options Open Int up Rs 2269 crore
Nifty Fut Open Int unchanged; at 10-pt discount

Nifty Open Int PCR at 1.33 versus 1.32
Nifty Puts add 26 lakh shares in Open Int
Nifty Calls add 15.6 lakh shares in Open Int
Nifty 5000 Put adds 5.7 lakh shares in Open Int
Nifty 5000 Call adds 8.5 lakh shares in Open Int
Nifty 4500 Put adds 3 lakh shares in Open Int
Nifty 4400 Put adds 2.7 lakh shares in Open Int
Stock Futures add 1.6 cr shares in Open Int
FIIs in F&O on June 9
Net buy Rs 684 crore in Nifty Futures
Net buy Rs 709 crore in Nifty Options
Net buy Rs 448 crore in Stock Future
Market cues:

FIIs were net buyers of USD 93 million in equities on June 8
NSE F&O Open Int was up Rs 3053 crore at Rs 1.29 lakh crore
As per provisional data of June 9, FIIs were net sellers of Rs 257 crore; DIIs were net buyers of Rs 128 crore in cash markets. FIIs were net buyers of Rs 1839 crore in F&O.

US Markets:
US stocks ended lower as energy and financials dragged after a strong start. Traders were encouraged by comments from Fed Chairman Ben Bernanke, the Fed's beige-book report and Chinese export data but worries about the BP oil spill and Europe's debt crisis dented confidence.

The morning's positive tone proved fleeting and the market succumbed to selling pressure. A pullback by the euro only added to the afternoon's selling effort.
Energy stocks buckled and closed down over 1% after surging in early trade. BP remained in focus as it closed at its lowest level since 1996.
The CBOE volatility index, widely considered the best gauge of fear in the market, ticked up to 34 after being down near 30 earlier.

The Dow shed more than 40 points after earlier popping above the key 10,000 mark. The S&P 500 and Nasdaq finished down over 0.5% each.
In economic data, the Fed's Beige book stated that economic activity continued to improve but the pace of recovery remained moderate. It said all 12 districts continued to improve albeit at a modest pace. It also pointed to higher consumer and business spending, and noted strength in non-financial services, manufacturing, and transportation.
The euro traded near a four-year low against the dollar ahead of the european central bank meet on concerns that a sovereign debt crisis in the region will derail growth. Earlier it had seen some gains against the dollar in New York session boosted by options-related demand.
In the commodity space - oil jumped over 3% and broke past the USD 74 mark in New York trade after a report of buoyant Chinese exports eased concerns over the pace of growth. The US energy information administration reporting a 1.8 million barrel drop in inventories also supported prices. However, the commodity has slipped almost a percent below the USD 74 mark in Asia trade now.
Most base metals have pared gains in Asian trade this morning and have decreased over a percent each after a strong surge earlier on reports signaling sustained growth in china.
Gold prices retreated as well on weak safe-haven demand as the extreme risk aversion faded a bit. Comments by federal reserve chairman Ben Bernanke on recovery in economic activity also weighed down on the yellow metal.
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