30 June Morning Market Updates:

30 June Morning Market Updates:

Stocks that are in news today:

Kotak Mahindra Bank
Japan based SMBC to acquire approximately 4.5% stake in Kotak Mahindra Bank for Rs 1366 cr
Proposed investment by SMBC at Rs 833/share

M&M
M&M looking to acquire Boeing's Australian facility
M&M in talks with Boeing to acquire its Australian assets
May look at relocating Boeing equipments to India
Deal size could be up to Rs 250 crore 

Spice group chairman: From DJ
To invest about USD 100 million on Indonesian buys
To sell 30M Spice mobility treasury shares by October
Likely to raise about Rs 300 crore via treasury share sale

Base Rate
BOB : 8%
PNB :8%
Central Bank of India : 8%
Bank of Rajasthan :8%
Union Bank of India : 8%
ICICI Bank to announce base rate today 

F&O cues:

Futures Open Int down Rs 82 crore

Options Open Int up Rs 4261 crore 

Nifty Futures add 5 lakh shares in Open Int

Nifty Futures at 10-point premium

Nifty Open Int PCR at 1.26 versus 1.29

Nifty Puts add 34 lakh shares in Open Int

Nifty Calls add 38 lakh shares in Open Int

Nifty 5200 Put adds 6.5 lakh shares in Open Int

Nifty 4900 Put adds 4.9 lakh shares in Open Int

Nifty 5300 Put sheds 5.3 lakh shares in Open Int

Nifty 5400 Call adds 11.2 lakh shares in Open Int

Nifty 5300 Call adds 9.6 lakh shares in Open Int

Nifty 5500 Call adds 7.1 lakh shares in Open Int

Stock Futures add 1.6 cr shares in Open Int

FIIs in F&O on June 29

Net sell Rs 1458 crore in Nifty Futures

Net buy Rs 1064 crore in Nifty Options

Net sell Rs 376 crore in Stock Futures

Market cues:

US markets slide, Dow ends below 9900

US markets: Broader index Russell down 4%

Europe Update
FTSE, DAX down 3%, CAC down 4%; Spain down 5.5%

NSE F&O Open Int was up by Rs 4,180 crore at Rs 1.13 lakh crore

As per provisional data of June 29, FIIs net sell Rs 261 crore; DIIs net sell Rs 115 cr in cash markets. FIIs net sell Rs 791 cr in F&O.

Us Markets:

US stocks slid on Tuesday after concerns resurfaced over euro-zone fiscal woes ahead of massive bank repayments to the European Central Bank and a steep drop in consumer confidence unnerved investors.

The S&P 500 briefly tumbled near its 2010 intraday low of 1,040.78, which analysts said could ignite further declines. The index is on track to close at its lowest level since November and on track to break its closing low for the year at 1,050.47 another bearish signal for markets.

"This is very interesting now. This is a real critical point. If you can't hold 1,040 at this time of the day, you are set up for a pretty ugly close," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.

The equity sell-off was widespread in a run of selling that began in Asia overnight and then expanded into Europe. Economically sensitive sectors such as materials, industrials and financials were among the hardest-hit sectors.

Boeing Co slid 6% to USD 63.29 and Caterpillar Inc shed 5.1% to USD 61.14. Diversified manufacturer 3M Co, which raised its second-quarter sales outlook last night, was not immune to the selling pressure, dipping 0.2% to USD 78.80.

Fears about the strength of the banking system surfaced again, with investors worried about a potential liquidity shortfall of more than 100 billion euros in the financial system as European banks repay 442 billion euros (USD 545.5 billion) in emergency loans on Thursday.

US consumer confidence dropped sharply in June, after rising for three months, on worries about the labor market, according to a report from the Conference Board. The news heightened fears of an economic slowdown after recent spate of weak data from the housing and job markets.