09 July 2010 Morning Market Updates

09 July 2010 Morning Market Updates 08:50

Results today: Gujarat NRE, IndusInd Bank, Titagarh Wagon
M&M - Sources
-M&M, Renault-Nissan, Daewoo Bus left in race for Ssangyong
-3 of the 6 potential buyers did on-site audit of Ssangyong facilities
-Other 3 bidders may not go ahead with due diligence
-Bid likely to be in the range of USD 330-410 million
Alert: Ssangyong acquisition will help M&M to get SSangyong's hybrid & electric technology; will help to enter the US
Ex-dividend
-Alstom Projects : Rs 10
-DB Corp : Rs 1.25/share
-GTL : Rs 3/share
-Hanung Toys : Rs 2/share
-Phillips Carbon : Rs 5/share
-Titan Inds : Rs 15/share
Other stocks and sectors that are in news today:
-RBI clears PR Somasundaram's name for CEO of Lakshmi Vilas Bank-Bajaj Auto, Renault-Nissan to sign MoU to develop 4-wheeler
-HCL Infosystems buys 60% stake in Dubai-based NTS for USD 6.5 million
-Corporation Bank : Hikes deposit rates by 25 bps in 3 short-term tenures
-KPIT Cummins Infosystems : Mulls meet on 13 July for strategic investment in Germany based niche automotive product Company (( Rev of $5m))
-Shiv-Vani Oil & Gas: Approved issue and launch of FCCB worth USD 75 million
-Ganesh Benzoplast : Mulls Board Meet on 16 July for preferential Allotment
-Board Meet today: Supreme Tex Mart on Preferential Issue
-Govt set to approve 3rd Phase of private FM radio.
F&O cues:
Futures Open Int down Rs 409 crore
Options Open Int up Rs 247 crore
Nifty Futures shed 21 lakh shares in Open Int
Nifty Futures at 12-point premium
Nifty Open Int PCR unchanged at 1.29
Nifty Puts, Calls OI little changed
Nifty 5300 Put adds 7.5 lakh shares in Open Int
Nifty 5100 Put sheds 10.4 lakh shares in Open Int
Nifty 5500 Call adds 6 lakh shares in Open Int
Nifty 5400 Call sheds 8.7 lakh shares in Open Int
Stock Futures shed 0.5 cr shares in Open Int