14 June Morning Market Updates:

14 June Morning Market Updates:
Stocks that are in news today:
SpiceJet update
K Maran acquires 37.75% in SpiceJet at Rs 47.25/sh
K Maran acquires stake from WL Ross & B Kansagara
K Maran makes open offer for 20% at Rs 57.76/share
HUL
Board approves share buyback worth up to Rs 630 crore
Buyback at price not exceeding Rs 280/share
RIL on Infotel
Aims to be leader in broadband
Expects >100 million subscribers in 3-5 yrs versus 8 million currently
USD 4 billion investment planned over next 3 years
Planned investment including spectrum cost of USD 2.75 billion
ADAG says
Welcome RIL's entry into broadband
Look forward to offering services to RIL, other BWA players
Will continue to compete for users in market place
Govt okays infusion of capital worth Rs 6,211 crore in 5 PSU banks
To Infuse Rs 590 crore in Bank Of Maharashtra
To infuse Rs 2,016 crore in Central Bank Of India
To infuse Rs 3,119 crore in IDBI Bank
To infuse Rs 375 crore in UCO Bank
To infuse Rs 111 crore in Union Bank Of India
F&O cues:
Futures Open Int up Rs 156 crore
Options Open Int up Rs 1616 crore
Nifty Futures shed 6 lakh shares in Open Int
Nifty Futures at 2-point discount
Nifty Open Int PCR at 1.44 versus 1.39
Nifty Puts add 28 lakh shares in Open Int
Nifty Calls shed 1 lakh shares in Open Int
Nifty 5000 Put adds 9 lakh shares in Open Int
Nifty 5200 Call adds 6 lakh shares in Open Int
Stock Futures Open Int unchanged
FIIs in F&O on June 11
Net buy Rs 1019 crore in Nifty Futures
Net buy Rs 485 crore in Stock Futures
Market cues:
FIIs were net buyers of USD 82.7 million in equities on June 10
NSE F&O Open Int was up Rs 1772 crore at Rs 1.35 lakh crore
As per provisional data of June 11, FIIs were net buyers of Rs 821 crore; DIIs were net sellers of Rs 214 crore in cash markets. FIIs were net buyers of Rs 1348 crore in F&O.
Us Markets:
The US dollar edged up against the yen and US stocks trimmed losses after consumer sentiment improved in early June to its strongest level since March 2008, the Thomson Reuters/University of Michigan's Surveys of Consumers said.
The report lifted the mood of investors after data showing poor US retail sales in May raised doubts about the strength of recovery and took the wind out of four-day relief rally in world stocks.It's a good number and could provide reassurance after the retail sales number, which was particularly weak," Nigel Gault, chief U.S. economist at IHS Global Insight in Lexington, Massachusetts, said about the consumer survey.
Oil prices had slipped below $USD 74 a barrel and copper retreated from one-week highs on news of the retail sales data, but crude prices pared some losses to trade above USD 75 a barrel. Benchmark copper for three-month delivery reversed course to trade up about 1% in London.
MSCI's all-country world equity index rebounded to trade 0.5% higher, helped by a rally in European markets.
But the Dow and broad-market S&P 500 hovered near break-even, even as the technology-rich Nasdaq rose.
"We had a nice one-day advance yesterday, and this will kind of relieve some of the pressures," said Steve Goldman, market strategist at Weeden & Co. in Greenwich, Connecticut.
"I think the (stock) market is looking for reasons to stabilize, and this provides some of that," said Goldman.
The Dow Jones industrial average was up 38.54 points, or 0.38%, at 10,211.07. The Standard & Poor's 500 Index was up 4.76 points, or 0.44%, at 1,091.6. The Nasdaq Composite Index was up 24.89 points, or 1.112, at 2,243.60.
Bond prices trimmed some of their earlier gains after the retail sales report.
The benchmark 10-year U.S. Treasury note was up 11/32 in price to yield 3.28 percent. It had earlier traded up 18/32.
Markets earlier were buoyed after Belgium, Portugal and Spain found good demand for their bonds this week. Italy also carried out a successful sale on Friday, easing immediate concerns about funding problems on the euro zone periphery and boosting appetite for the euro and banking shares.
Investors also found optimism in China's growth, even though fresh data showed inflation in the world's third-largest economy quickened to a 19-month high in May while its factory output and capital spending moderated.
The dollar rose to 91.66 yen , while the the euro was up 0.02% at USD 1.211.
Against the yen, the dollar was up 0.33% at 91.66.
US light sweet crude oil fell 53 cents, or 0.7%, to USD 74.95 a barrel.
Spot gold prices rose USD 6.35, or 0.52 percent, to USD 1,223.60.
Earlier in Asia, the MSCI index of Asia Pacific ex-Japan stocks rose nearly 1.6%. Japan's Nikkei average climbed 1.7%, helped by a halt in the yen's advance against the euro.
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