16 Jun 2010 Morning Market Updates

16 Jun 2010 Morning Market Updates  08:50
Today also market will open with a positive note.Nifty may touch its resistance of 5280.Higher advance tax numbers and satisfactorily arrival of Monsoon will cherish the sentiment.The question ahead is the EGoM meet which will be held tomorrow.

Stocks in News :
Direct Tax Code

-MAT to be computed with reference to book profit
-Perquisites to be taxed as per existing law
Cipla
-To acquire stake in 2 biotech companies
-To acquire 40% stake in Indian biotech co
-To acquire 25% stake in Hong Kong-based biotech co
-Total investment of USD 65 million for both acquisitions
Tata Motors

-May global sales at 79,819 units, up 50% (YoY)
-May JLR sales at 19,053 units, up 72% (YoY)
Cairn India
-Starts delivering crude via pipeline from Rajasthan
-Rajasthan block crude current output at 60,000 bbl/day
-Rajasthan crude sales seen to up to 1.25 lakh bbl/day in H2
-In pact with 4 buyers to sell 1.43 lakh bbl/day crude
Ex-Dates
-Sadbhav Engineering: Ex rights in ratio of 1:20 & 3 warrants for 1 share ((@ Rs.725/shr))
-Jayshree Tea & Industries : Ex-Dividend @ Rs.6/share
-Binani cement : Ex-Dividend @ Rs.3.5/share
-Gammon Infra: Enters a MOU for an acquisition of an entity which has 250MW
-Aban Offshore to restart drilling in Venezuela soon.
-Reliance Infra seeks FIPB node to raise money abroad.


-Emami close to acquiring a co in Egypt – BS


-Binani Cement buy back at Rs 90/sh


Q1 advance tax numbers: from sources (cr - crore, vs - versus)



-Bharti pays Rs 179 cr vs Rs 100 cr (YoY)


-Ranbaxy pays Rs 17.5 cr vs Rs 15 cr (YoY)


-BHEL pays Rs 400 cr vs Rs 320 cr (YoY)


-Oriental Bank pays Rs 140 cr vs Rs 70 cr (YoY)


-Hero Honda pays Rs 75.7 cr vs Rs 64.6 cr (YoY)


-NTPC pays Rs 280 cr vs Rs 276 cr (YoY)


-Nestle India pays Rs 44 cr vs Rs 37.5 cr (YoY)


-PFC pays Rs 127 cr vs Rs 110 cr (YoY)


-REC pays Rs 128 cr vs Rs 88 cr (YoY


-Tata Motors pays Rs 65 cr vs Rs 30 cr (YoY)


-Tata Steel pays Rs 300 cr vs Rs 230 cr (YoY)


-Tata Power pays Rs 36.2 cr vs Rs 21 cr (YoY)


-IndusInd Bank pays Rs 40 cr vs Rs 20 cr (YoY)


-M&M pays Rs 63 cr vs Rs 17.5 cr (YoY)


-Indian Hotels pays Rs 7 cr vs Rs 8 cr (YoY)


-L&T pays Rs 130 cr vs Rs 110 cr (YoY)


-Tata Chemicals pays Rs 29 cr vs Rs 26 cr (YoY)


-UltraTech Cement pays Rs 22 cr vs Rs 45 cr (YoY)


-Dena Bank pays Rs 45 cr vs Rs 35 cr (YoY)


-BPCL pays Rs 126 cr vs Rs 40 cr (YoY)


-Bank Of India pays Rs 158 cr vs Rs 231 cr (YoY)


-Reliance Power pays Rs 3 cr vs Rs 4 cr (YoY)


-Reliance Capital pays Rs 2 cr vs Rs 10 cr (YoY)


F&O cues:







Futures Open Int up Rs 885 crore






Options Open Int up Rs 2020 crore












Nifty June Futures shed 5 lakh shares in Open Int






Nifty July Futures add 5 lakh shares in Open Int






Nifty June at 12-point premium






Nifty July at 7-point premium






Nifty Open Int PCR at 1.53 versus 1.47






Nifty Puts add 34 lakh shares in Open Int






Nifty Calls shed 4.5 lakh shares in Open Int






Nifty 5200 Put adds 17.6 lakh shares in Open Int






Nifty 5100 Put adds 10 lakh shares in Open Int






Nifty 5400 Call adds 2.5 lakh shares in Open Int






Nifty 5100 Call sheds 4.3 lakh shares in Open Int


FIIs in F&O on June 15







Net buy Rs 623 crore in Nifty futures, Open Int up 4,809 contracts






Net sell Rs 236 crore in Nifty options, Open Int up 2,920 contracts






Net sell Rs 334 crore in Stock futures, Open Int up 12,585 contracts