21 July Morning Market Updates

21 July Morning Market Updates 08:55

Stocks that are in news today:

Results today: Kotak Mah Bank, Yes Bank, TVS Motor, Mastek, Orchid Chemical, NIIT, KPIT Cummins, REC, Thermax, Abhishek Inds, Alstom Projects, Bajaj Finserv, Birla Corp, Engineers India, Hyderabad Inds, Ingersoll Rand, Karur Vysya Bank, Monsanto India, Pidilite Inds, Transport Corp, United Breweries 

c:\ODININTEGRATED\Client\Masters

F&O cues:

Futures Open Int up Rs 420 crore, Options Open Int up Rs 2525 crore
Nifty Jul futures add 1.5 lakh shares in Open Int, at 4-point discount

Nifty Aug futures add 3.3 lakh shares in Open Int, at 4-point premium

Nifty Open Int PCR at 1.41 versus 1.42

Nifty Puts add 25 lakh shares,Nifty Calls add 19 lakh shares in Open Int

Nifty Aug 5300 Put adds 6.6 lakh shares in Open Int

Nifty Jul 5200 Put adds 4.4 lakh shares in Open Int

Nifty Aug 5600 Call adds 7.9 lakh shares in Open Int

Nifty Jul 5400 Call adds 4.6 lakh shares in Open Int

Stock futures add 1 crore shares in Open Int

FIIs in F&O on July 20

Net sell Rs 77 cr in Nifty futures

Net buy Rs 44 cr in Nifty options

Net buy Rs 122 cr in Stock futures

Market cues:

US markets end strong after weak start

Results today: Kotak Mah Bank, TVS Motor, Yes Bank, Mastek, REC, KPIT Cummins

FIIs were net buyers of USD 43 million in equities on July 19

NSE F&O Open Int was up by Rs 2945 crore at Rs 1.59 lakh crore

As per provisional data of July 20, FIIs wee net buyers of Rs 297 crore; DIIs were net sellers of Rs 104 crore in cash markets. FIIs were net buyers of Rs 76 crore in F&O.

US markets ended higher after an afternoon rally. However, they started the session under stiff pressure as another round of earnings results failed to inspire buyers.

Nasdaq Composite added 1.1% or 24.26 points at 2222.49.Dow JonesIndustrial Average gained 0.74% or 75.53 points at 10229.96. Standard & Poor's 500 was up 1.14% or 12.23 points at 1083.48.

Goldman Sachs said quarterly earnings tumbled 82%, coming in well short of expectations, as trading and underwriting revenue slumped. The financial giant said its net income was 78 cents a share in second quarter, compared with nearly USD 5 this time last year.

Apple meanwhile topped analysts' expectations and posted better-than-expected sales forecast, pushing the company's stock higher in extended trading. The company posted earnings of USD 3.51 a share & its revenue leaped to 15.7 billion dollars.

But yahoo's revenue in the second quarter fell short of Wall Street estimates as internet advertisers spent less than the company expected, prompting shares to tumble.

In economic data, mixed news for housing sector, US housing starts for June declined 5%, month-on-month. That took starts to an annualized rate of 549,000 units, which is below expectation. In contrast, building permits for June increased 2.1% month-over-month to an annualized rate of 586,000, which is above what the street was expecting.

In key data to watch out for in US today the weekly mortgage applications will be released & Fed Chairman Bernanke will be testifying before the congress. And notable companies reporting earnings today include Morgan Stanley, Wells Fargo, and Coca-Cola.

The dollar gained against the euro as investors sought to book profits on the single currency ahead of the forthcoming stress tests on European banks.

Oil rose more than 1% as US stocks bounced higher from early lows. A tropical weather threat ahead of weekly oil inventory reports, which is expected to show lower crude stockpiles also provided support.

Copper prices moved up on falling LME stockpiles and positive US building permits. Rest of the base metal pack also showed steady gains.

Gold rose 1% on technical buying as prices rebounded from near two-month lows in the previous session as weak US housing data stirred economic uncertainty.