20 June Morning Market Updates:

20 June Morning Market Updates:
Stocks that are in news today:

Maytas Infra
Bin Laden Group to pick up 20% stake in Maytas Infra via preferential allotment
Maytas Infra open offer at Rs 195.72/share
Open offer opens on August 12
IL&FS stake to come down to 29%
Maytas Infra sources say confident of announcing FY10 results by June 30
ALERT: Bin Laden Group is West-Asian construction conglomerate
Insurance stocks in focus
Law ministry ordinance says ULIPs governed by IRDA
New ULIP guidelines likely today, new ULIPs will not require SEBI nod: Sources
Reliance Broadcast Network

In JV with CBS of US
JV to own, operate television channels in India
RBN & CBS will have equal 50% equity interest in JV
To start with English language general entertainment channels
JV to explore Hindi, regional entertainment channels in phase-II
Deepak Parekh to CNBC-TV18
SPV of HDFC’s Investment in unlisted cos to take shape by this year
Forthcoming AGM will not spell SPV details
Ex-Dates
Sterlite : Bonus @ 1:1 & Stock Split @ 2:1
Ultra Tech Cement : Ex-Dividend @ Rs 6/share
Corporation Bank : Ex-Dividend @ Rs 16.5/share
RS Software: Ex-Bonus @ 28:10
Panoramic Universal : Ex-Bonus @ Rs.5:1
Market cues:

Law Ministry Ordinance says ULIPs governed by IRDA
New ULIP guidelines likely today
New ULIPs will not require SEBI nod: Sources

China to allow flexibility in Yuan
FIIs were net buyers of USD 117 million in equities on June 17
NSE F&O Open Int was up Rs 4593 crore at Rs 1.48 lakh crore
As per provisional data of June 18, FIIs were net buyers of Rs 779 crore; DIIs were net sellers of Rs 500 crore in cash markets. FIIs were net buyers of Rs 128 crore in F&O.
F&O cues:

Futures Open Int up Rs 1662 crore
Options Open Int up Rs 2357 crore
Nifty June Futures shed 10 lakh shares in Open Int

Nifty June Futures at 10-point premium
Nifty July Futures add 10 lakh shares in Open Int
Nifty July Futures at 9-point premium
Nifty Open Int PCR at 1.64 versus 1.56
Nifty Puts add 44 lakh shares in Open Int
Nifty Calls shed 6.5 lakh shares in Open Int
Nifty 5200 Put adds 13 lakh shares in Open Int
Nifty 5300 Put adds 12 lakh shares in Open Int
Nifty 5200 Call sheds 10 lakh shares in Open Int
Stock Futures add 1.5 cr shares in Open Int
FIIs in F&O on June 17
Net buy Rs 359 cr in Nifty Futures
Net buy Rs 90 cr in Nifty Options
Net buy Rs 120 cr in Stock Futures
US Market::
US stocks rose slightly in another lightly traded session on Friday, ending a nervous week higher despite signs of economic weakness at home and worries about public debt in Europe.

The Dow Jones Industrial Average gained 16.17 points, or 0.15%, to 10,450.34. The Standard & Poor's 500 Index added 1.37 points, or 0.12%, to 1,117.41. The Nasdaq Composite Index rose 2.64 points, or 0.11%, to 2,309.80.
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