9 th August Morning Market Updates:

9 th August Morning Market Updates:
Stocks that are in news today:

Results Today - BF Utilities, Britannia Inds, Dalmia Cement, Dwarikesh Sugar, Electrosteel Casting, Finolex Cables, Goodyear India, Hindustan Organic, Jain Irrigation, Opto Circuits, Reliance Capital, Sujana Towers, Tulip Telecom, Monnet Ispat,
Stocks in news: Genus Power, M&M, IBulls Real, GMR Infra

Steel Secretary says
SAIL FPO likely by 2nd half of January
Do not see case for curbing steel imports as of now
Oil Ministry sources say
Undecided on petrol price hike by month-end
Will not intervene with OMCs' decision on petrol price hike
Not worried about current petrol under-recovery
Ex-Dates
BEML : Ex-Dividend @ Rs 10/share
Hikal: Ex-Dividend @ Rs 4/share
Mundra Port : Ex-Dividend @ Rs 1.5/share
Trent: Ex-Dividend @ Rs 6.5/share
Other stocks and sectors that are in news today:
M&M to bid for majority stake in Ssangyong Motor
Shipping Corp to consider FPO proposal on August 11
Indiabulls wins NTC Bharat Mills land property for Rs 1505 crore
Govt allows ONGC to charge 25% higher for the gas it produces from new fields – BS
Builders move CCI against cement firms including Grasim, ACC and Gujarat Ambuja alleging price cartel – BS
Capman Fin open offer at Rs 10.5/share
ABG Infra set to win rights for coal facility in Tamil Nadu – Mint
Sakthi Finance board approves Rights Issue
Genus Power Infrastructures: Board approves Stock Spilt in ratio of 10:1, Approved Fund raising of USD 50mn
Allied Computers International: Approved allotment of equity warrants on preferential basis
Market cues:

The US markets recovered nearly 1.5% from day's low to end with modest losses on Friday. Worst pair of payrolls reported in eight months.
Market cues: FIIs net buy Rs 3115 cr in equities last week

NSE F&O Open Interest was up by Rs 816 crore at Rs 1.45 lakh crore.
Institutional action
FIIs were net buyers to the tune of Rs 665 crore while DIIs net sellers of Rs 341 crore in cash markets on August 6, as per provisional data available on NSE website. FIIs were net sellers of Rs 312 crore in F&O.
FIIs were net buyers to the tune of Rs 3115 crore while DIIs net sellers of Rs 1130 crore in cash markets in last week, as per data available on NSE website. FIIs were net buyers of Rs 5790 crore in F&O, including buyers of more than Rs 4246 crore in Index Options.
US Markets:
US stocks fell on Friday after government data showed a larger-than-expected drop in July payrolls, giving investors a stark reminder the economic recovery remains slow.

Stocks had been rising over the past five weeks, largely on the back of solid corporate earnings. The S&P 500 is still up 9.7% from its closing low for the year set July 2.
The hope was that we would have a great earnings season, and frankly the S&P has delivered on that in spades," said Peter Kenny, managing director at Knight Equity Markets in Jersey City, New Jersey.

"The disappointment is that in spite of the delivery of great earnings, you still have an economy that is not engaged and clearly not improving on the employment front."
The US economy lost 131,000 jobs in July -- more than twice the decline of 65,000 that economists forecast in a Reuters poll. And the closely watched private employment number rose less than expected.
Of the 443 companies in the S&P 500 that have reported earnings to date, 75% have reported earnings above analysts' expectations, with only 9% missing estimates, according to Thomson Reuters data.
Consumer stocks ranked among the worst performers as the monthly jobs report highlighted worries about consumer spending, which accounts for about two-thirds of US economic activity. Retailer Office Depot, which sells school and office supplies, slid 7% to USD 4.54, while the S&P consumer discretionary index shed 0.5%.
The Dow Jones Industrial Average dropped 21.42 points, or 0.20%, to 10,653.56. The Standard & Poor's 500 Index shed 4.17 points, or 0.37%, to 1,121.64. The Nasdaq Composite Index lost 4.59 points, or 0.20%, to 2,288.47.
For the week, the Dow and the S&P 500 each rose 1.8%, while the Nasdaq advanced 1.5%.
Dow component Kraft Foods Inc was among the bright spots, rising 2.4% to USD 30.36 after the company, whose products include Kraft cheese and Maxwell House coffee, reported a higher-than-expected quarterly profit. Kraft also raised its target for cost savings from its acquisition of Cadbury, the British company known for its chocolates.
Shares of American International Group Inc. climbed 2.6% to USD 40.93 after its quarterly results topped Wall Street's expectations and its chief executive said the insurer is actively looking to repay its taxpayer bailout.
Shares of grain companies like Archer-Daniels-Midland Co and Bunge Ltd continued to outperform the overall market after rallying more than 5% on Thursday, on expectations their wheat exports will be increased by Russia's decision to suspend grain shipments as it faces its worst drought in a century.
Bunge shot up 2.2% to USD 55.66, while Archer-Daniels-Midland slipped 0.2% to USD 30.18.
Volume was light, with about 7.17 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, below last year's estimated daily average of 9.65 billion.
Declining stocks outnumbered advancing ones on the New York Stock Exchange, while on the Nasdaq, three stocks fell for every two that rose.