22 June Morning Marktet Updates:

22 June Morning Marktet Updates:
Stocks that are in news today:
Yes Bank
Rabo Bank puts its 11% stake in Yes Bank on the block
Deal to be executed today via block deal
Rabo Bank to sell 3.73 crore shares of Yes Bank at Rs 260-270/share
Oil Ministry
Oil Ministry writes to several CMs to rationalise taxes
Oil Ministry asks state govts to reduce VAT on petrol, diesel
Replace ad-valorem levies with specific rates: Murli Deora
Ad valorem rates aggravates impact of global oil prices on consumer: Murli Deora
Car makers
Car makers likely to hike prices in July by 3-5%
Price hike to be announced in first week of July by automakers
Hike on account of raw material prices going up
Maruti, Hyundai, M&M, Tata Motors likely to hike prices
Will be the fourth price hike since January 2010
Automakers Say
Prices of steel and rubber have gone up 20-25% in Apr-May 2010
January price hike was due to rise in input costs
Second 2% excise duty hike in the Union Budget
Third in April 2010 due to implementation of new emission norms
Tulip Tele
Tulip Tele, Global Group in talks to acquire 13% each in Qualcomm BWA venture
Global Group is holding co of GTL Infra, GTL
Tulip Tele eyeing entire 26% stake in Qualcomm Venture
26% in Qualcomm Venture likely to be valued bet USD 100-200 million
Qualcomm won four circles in BWA auctions for USD 1 billion
Circles include Delhi, Mumbai, Haryana, Kerala
F&O cues:
Futures Open Int up Rs 792 crore
Options Open Int up Rs 2584 crore
Nifty Futures shed 2 lakh shares in total Open Int
Nifty Futures rollover at 27%
Nifty June at 4-point premium
Nifty July at 11-point premium
Nifty Open Int PCR at 1.76 versus 1.67
Nifty Puts add 49 lakh shares in Open Int
Nifty Calls shed 4 lakh shares in Open Int
Nifty June 5300 Put adds 33 lakh shares in Open Int
Nifty June 5400 Put adds 16 lakh shares in Open Int
Nifty July 5300 Put adds 10 lakh shares in Open Int
Nifty June 5400 Call adds 14.6 lakh shares in Open Int
Nifty July 5400 Call adds 6.9 lakh shares in Open Int
Nifty June 5200 Call sheds 19 lakh shares in Open Int
Stock Futures shed 0.5 cr shares in Open Int
Mktwide rollover at 32% versus 29% last time
Nifty rollover at 27% versus 29% last time
United Phosphorus
64% rollover vs 24%, Open Int up 2.5x from last expiry
Suzlon
Highest next mth Open Int in value terms
FIIs in F&O on June 21
Net buy Rs 426 crore in Nifty Futures
Net buy Rs 1092 crore in Nifty Options
Net sell Rs 196 crore in Stock Futures
Market cues:
US mkts take a breather, end with minor losses
MSCI keeps South Korea & Taiwan in EMs
FIIs were net buyers of USD 151 million in equities on June 18
NSE F&O Open Int was up by Rs 3376 crore at Rs 1.52 lakh crore
As per provisional data of June 21, FIIs were net buyers of Rs 1564 crore; DIIs were net sellers of Rs 561 crore in cash markets. FIIs were net buyers of Rs 1321 crore in F&O.
US Markets:
In the US markets, stocks snapped a four-session winning streak as the dollar gained and the China-fueled rally petered out. News that China will let its yuan move more freely triggered a strong buying effort but a gradual loss of support left stocks to surrender all of their gains. The rally faded on growing doubts about how big an impact such a move would have as Beijing is expected to do it gradually.
Materials and industrials were the biggest gainers, while consumer discretionary and tech were among the weakest links. Alcoa was among the major gainers of the day.
The CBOE volatility index was above 25 at the closing bell.
Nasdaq Composite was down 0.90% or 20.71 points at 2289.09. Dow Jones Industrial Average was down 0.085 or 8.23 points at 10442.41. Standard & Poor's 500 was down 0.39% or 4.31 points at 1113.2.
In the currency space - the euro fell slightly against the dollar to 1.2313 levels after trading at one-month high of 1.2490. Traders sold the euro after it failed to get above the 1.2350 mark. It is trading further lower in Asia this morning. The dollar rose against the yen as well and the dollar index is close to the 86 levels.
Crude declined for the first time in three days as optimism faded that China's plan to add more flexibility in the yuan's fixed exchange rate would strengthen the global economic recovery. Crude closed New York trade below the USD 78 levels it hit earlier yesterday. A pullback by the euro and a slide in natural gas futures also curbed the rally.
Copper also pared its gains after it was up strongly in response to the news about the yuan. The metal rose the most in a week earlier yesterday on speculation that demand may grow after China signaled an end to the yuan's fixed rate against the dollar. However, most industrial metals pared gains as the yuan optimism faded.
Gold fell nearly 2% posting its biggest one-day drop in more than a month, after a sudden decline in the euro prompted investors to take profits from all-time highs set in earlier trading. Earlier in the session, gold rose to a record high above 1,260 dollar an ounce.