Wednesday, August 11, 2010

11 Aug 2010 Morning Market Updates

11 Aug 2010 Morning Market Updates  08:50
Results today: Bharti Airtel, Bajaj Hindusthan, Videocon Industries, Parsvnath, Bharati Shipyard, Bosch, Everonn, Financial Tech, Man Aluminium, Marg, Sundram Fast 
Bombay HC Says
SEBI to take decision on equity trading on MCX-SX by September 30
SEBI to take decision on licence renewal in 6 weeks
SEBI to expedite process as MCX-SX suffering losses
MCX-SX to issue board resolution on not exceeding 5% limit
Novelis Q1FY11
Net Sales at USD 2.5 billion versus USD 2.4 billion (up 5% QoQ)
Adjusted EBITDA at USD 263 million versus USD 233 million (up 13% QoQ)
EBITDA at USD 235 million versus USD 168 million (up 40% QoQ)
PAT at USD 50 million versus loss of USD 1 million
Ex-Dates
D-Link - Ex-Dividend @ Rs 1/share
Honda Siel Power : Ex-Dividend @ Rs 4/share
Rainbow Papers : Ex-Split 5:1
Zenith Birla : Bonus @ 1:5
Other stocks and sectors that are in news today:-ONGC says: Govt likely to raise more than Rs 13,000 crore from 5% stake sale
Asian Hotel (East) to list today
DoCoMo to invest USD 1 billion in Tata Teleservices, expected to get 10-15% more in the company (Tata Teleservices is unlisted)
Canadian firm offer to buy out GMR’s stake in Intergen for USD 1 billion – BS (GMR had bought the stake for USD 1.1 billion)
Board Meet - SCI board meet today on FPO
HCC bags contract worth Rs 121.2 crore
Vadilal Ind board approves fund raising up to Rs 80 crore via equity linked instruments
Rohit Ferro-Tech started commercial production of the company's new 100% EOU at Haldia 
Piramal Healthcare Q1 (cr - crore, vs - versus)
Cons net profit at Rs 80.7 cr Vs Rs 85 cr
Cons net sales at Rs 842 cr
F&O cues:
Futures Open Int was up by Rs 637 crore
Bazaar

Excerpts from Bazaar on CNBC-TV18 Watch the full show »
Options Open Int was up by Rs 4286 crore
Nifty Futures add 4.8 lakh shares in Open Int
Nifty Futures flat versus at 6 pts discount
Nifty Open Int PCR at 1.43 versus 1.39
Nifty Puts add 51.5 lakh shares in Open Int
Nifty Calls add 16 lakh shares in Open Int
Nifty 5300 Put adds 11.1 lakh shares in Open Int
Nifty Sep 5200 Put adds 10 lakh shares in Open Int
Nifty 5500 Call adds 5.3 lakh shares in Open Int
Nifty 5600 Call adds 4.6 lakh shares in Open Int
Nifty Sep 4900 Put add 5.5 lakh shares in Open Int
Stock futures add 86 lakh shares in Open Int
FIIs in F&O on August 10
Net sell Rs 330 crore in Nifty Futures
Net buy Rs 489 crore in Nifty Options
Net buy Rs 47 crore in Stock Futures
Market cues:

US markets Off days low post FOMC announcement
Shrug negative data

Results today:
Bharti Airtel, Bajaj Hind, Everonn, Financial Tech, Parsvnath Dev, Videocon Ind
NSE F&O Open Int was up by Rs 4923 crore at Rs 1.55 lakh crore
As per provisional data of August 10, FIIs were net buyers of Rs 600 crore; DIIs were net sellers of Rs 541 crore in cash markets. FIIs were net buyers of Rs 150 crore in F&O.
US Markets:
US markets ended lower but pared losses from day's lows after the Federal Reserve said it would reinvest proceeds from maturing mortgage securities into the treasury market.

The Dow closed more than 50 points down; the Nasdaq ended more than a percent down while the S&P 500 closed at 1,121.
In economic data, wholesale inventories rose 0.1% in July, while sales fell 0.7%.

Ira Jersey, Credit Suisse said that, “When you look at what the Fed Reserve owns already they are limited to 35% of each treasury bond out there and really where they have the most capacity is something in 7-8 yr bucket and that is where we think you would invest from a total invest perspective. I agree that it will be a new policy and this is just another thing that shows that the Fed won’t be raising rates anytime soon and there is something else they have to unwind in order to start hiking.”
In the forex market, the dollar fell against the yen and the euro after the Federal Reserve announced plans to boost a flagging economy.
In commodities, crude is trading near a 1 week low after the labor department reported the productivity of Us workers fell in the second quarter.
Copper prices fell to a one-week low on concern that cooling economies in the US and China will erode demand for the metal.

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