1 July Morning Market Updates:
Stocks that are in news today:
Base Rate -ICICI Bank :7.5%
Kotak Mahindra Bank :7.25%
HDFC Bank:7.25%
Axis Bank :7.5%
South Indian Bank :8.10%
Karnataka Bank :8.75%
J&K Bank :8.25%
Tata Power
Raises USD 300 million by monetizing Indonesian Coal SPVs
To sell 14-15% stake to PE Firm Olympus Holdings
To sell stake in Bhira Investments & Bhivpuri Investments
Alert : Bhira Investments owns stake in Bumi Resources’ Coal Mines
Auto sales numbers today - Expectations-Maruti Suzuki June Auto sales seen at 100,000 units versus 75,109 units (YoY), 102,175 units (MoM)
Hero Honda June sales seen at 4.25 lakh units versus 3.65 lakh (YoY), versus 4.35 lakh units (MoM)
TVS Motor expected to post sales at 1.6 lakh units for June 2010
Board Meet Today
ICSA : Issue of Securities
Hanung Toys : Dividend
Other stocks and sectors that are in news today:
Listing of equity shares of Parabolic Drugs today
NMDC hikes iron ore fines prices by 11.5%
IVRCL Assets issues Rs 100 crore NCDs on private placement
Shoppers Stop ups stake in Hypercity to 51% from 19% Earlier
MTNL: Considering a bond issue for repayment of 3G debt
Oil PSUs to raise ATF prices by average Rs 1,343/kL on Thursday
US advisory firm Glass Lewis advises Parkway investors against Khazanah bid
M&M counters lawsuit by US Dealers : Mint
Indraprastha Gas (IGL) gets license to sell gas in Ghaziabad: Mint
REC to raise USD 400 million ECB, Rs 2000 crore of Local bonds : DNA
Sumit Banerjee to exit ACC to spearhead ADAG cement foray
F&O cues:
Futures Open Int up Rs 2745 crore
Options Open Int up Rs 3514 crore
Nifty Futures add 16 lakh shares in Open Int
Nifty Futures at 4-point premium
Nifty Open Int PCR at 1.30 versus 1.26
Nifty Puts add 41 lakh shares in Open Int
Nifty Calls add 17 lakh shares in Open Int
Nifty 5100 Put adds 8.8 lakh shares in Open Int
Nifty 5200 Put adds 8.7 lakh shares in Open Int
Nifty 5000 Put adds 8.2 lakh shares in Open Int
Nifty 5200 Call adds 4.6 lakh shares in Open Int
Nifty 5500 Call adds 4.6 lakh shares in Open Int
Stock Futures add 5.5 cr shares in Open Int
FIIs in F&O on June 30
Net buy Rs 96 crore in Nifty Futures
Net buy Rs 540 crore in Nifty Options
Net sell Rs 277 crore in Stock Futures
Market cues:
US markets extend losses
S&P 500 breaks 1040 on closing basis
Asian markets open weak
NSE F&O Open Int was up by Rs 6259 crore at Rs 1.19 lakh crore
As per provisional data of June 30, FIIs were net buyers of Rs 590 crore; DIIs were net sellers of Rs 151 crore in cash markets. FIIs were net buyers of Rs 364 crore in F&O.
US Markets:
US stocks ended their worst quarter in over a year as indices closed lower after a disappointing report on private-sector employment.
The Dow shed 1%, to close at 9,774, while the S&P 500 finished below the key 1,040 mark, raising concerns that the next stop could be 1,000 or 950.
The House of Representatives approved the financial-overhaul bill, moving a step closer to enacting the broadest rewrite of Wall Street rules since the great depression. The house voted 237-192 in favor of the bill. It also will have to be approved by the senate, which delayed action until after the weeklong July 4 recess, before going to President Barack Obama for him to sign into law.
In economic data, the ADP said the private sector added just 13,000 jobs in June, well below expectations. The report is closely watched ahead of the government's jobs report, due on Friday. Also the Chicago PMI for June came in at 59.1, which is on par with expectations, but down slightly from the 59.7 that was posted for the prior month.
The euro gained modestly on that news which soothed concerns over European banks' funding issues. Spanish, Portuguese and Greek banks have been the biggest users of the facilities. Gains in the euro were limited after Moody's said it may cut Spain's sovereign debt ratings on deteriorating economic growth prospects.
In commodities, crude fell in choppy trade after a US government report showed fuel inventories rose last week, outweighing a decline in crude stocks in the world's top consumer.
Base metals too are trading under pressure. Copper, aluminium and zinc are all in the red.
Stocks that are in news today:
Base Rate -ICICI Bank :7.5%
Kotak Mahindra Bank :7.25%
HDFC Bank:7.25%
Axis Bank :7.5%
South Indian Bank :8.10%
Karnataka Bank :8.75%
J&K Bank :8.25%
Tata Power
Raises USD 300 million by monetizing Indonesian Coal SPVs
To sell 14-15% stake to PE Firm Olympus Holdings
To sell stake in Bhira Investments & Bhivpuri Investments
Alert : Bhira Investments owns stake in Bumi Resources’ Coal Mines
Auto sales numbers today - Expectations-Maruti Suzuki June Auto sales seen at 100,000 units versus 75,109 units (YoY), 102,175 units (MoM)
Hero Honda June sales seen at 4.25 lakh units versus 3.65 lakh (YoY), versus 4.35 lakh units (MoM)
TVS Motor expected to post sales at 1.6 lakh units for June 2010
Board Meet Today
ICSA : Issue of Securities
Hanung Toys : Dividend
Other stocks and sectors that are in news today:
Listing of equity shares of Parabolic Drugs today
NMDC hikes iron ore fines prices by 11.5%
IVRCL Assets issues Rs 100 crore NCDs on private placement
Shoppers Stop ups stake in Hypercity to 51% from 19% Earlier
MTNL: Considering a bond issue for repayment of 3G debt
Oil PSUs to raise ATF prices by average Rs 1,343/kL on Thursday
US advisory firm Glass Lewis advises Parkway investors against Khazanah bid
M&M counters lawsuit by US Dealers : Mint
Indraprastha Gas (IGL) gets license to sell gas in Ghaziabad: Mint
REC to raise USD 400 million ECB, Rs 2000 crore of Local bonds : DNA
Sumit Banerjee to exit ACC to spearhead ADAG cement foray
F&O cues:
Futures Open Int up Rs 2745 crore
Options Open Int up Rs 3514 crore
Nifty Futures add 16 lakh shares in Open Int
Nifty Futures at 4-point premium
Nifty Open Int PCR at 1.30 versus 1.26
Nifty Puts add 41 lakh shares in Open Int
Nifty Calls add 17 lakh shares in Open Int
Nifty 5100 Put adds 8.8 lakh shares in Open Int
Nifty 5200 Put adds 8.7 lakh shares in Open Int
Nifty 5000 Put adds 8.2 lakh shares in Open Int
Nifty 5200 Call adds 4.6 lakh shares in Open Int
Nifty 5500 Call adds 4.6 lakh shares in Open Int
Stock Futures add 5.5 cr shares in Open Int
FIIs in F&O on June 30
Net buy Rs 96 crore in Nifty Futures
Net buy Rs 540 crore in Nifty Options
Net sell Rs 277 crore in Stock Futures
Market cues:
US markets extend losses
S&P 500 breaks 1040 on closing basis
Asian markets open weak
NSE F&O Open Int was up by Rs 6259 crore at Rs 1.19 lakh crore
As per provisional data of June 30, FIIs were net buyers of Rs 590 crore; DIIs were net sellers of Rs 151 crore in cash markets. FIIs were net buyers of Rs 364 crore in F&O.
US Markets:
US stocks ended their worst quarter in over a year as indices closed lower after a disappointing report on private-sector employment.
The Dow shed 1%, to close at 9,774, while the S&P 500 finished below the key 1,040 mark, raising concerns that the next stop could be 1,000 or 950.
The House of Representatives approved the financial-overhaul bill, moving a step closer to enacting the broadest rewrite of Wall Street rules since the great depression. The house voted 237-192 in favor of the bill. It also will have to be approved by the senate, which delayed action until after the weeklong July 4 recess, before going to President Barack Obama for him to sign into law.
In economic data, the ADP said the private sector added just 13,000 jobs in June, well below expectations. The report is closely watched ahead of the government's jobs report, due on Friday. Also the Chicago PMI for June came in at 59.1, which is on par with expectations, but down slightly from the 59.7 that was posted for the prior month.
The euro gained modestly on that news which soothed concerns over European banks' funding issues. Spanish, Portuguese and Greek banks have been the biggest users of the facilities. Gains in the euro were limited after Moody's said it may cut Spain's sovereign debt ratings on deteriorating economic growth prospects.
In commodities, crude fell in choppy trade after a US government report showed fuel inventories rose last week, outweighing a decline in crude stocks in the world's top consumer.
Base metals too are trading under pressure. Copper, aluminium and zinc are all in the red.
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