8th September Morning Market Updates:

8th September Morning Market Updates:
Stocks that are in news today:

Sun Pharma
Supreme court of Israel rules in favor of Sun Pharma
Court lifts temporary order that prohibited the closing of the Offer prior to its ruling
Sun Pharma will make offer at USD 7.75/share
Sun Pharma will not have make special tender offer
Gammon Infra

Financial closure of Patna Muzaffarpur highway project
Total estimated cost of the project is Rs 940 crore
Ex-Dates
Bajaj Auto : Ex-Bonus @ 1:1
Britannia Inds : Ex-Split : 5:1
Dabur India : Ex-Bonus 1:1
Kalpataru Power : Ex-Split 5:1
TVS Motor : Ex-Bonus 1:1
Ex-Dividends
BPCL : Ex-Dividend @ Rs 14/share
Gitanjali Gems : Ex-Dividend @ Rs 2/share
Gujarat State Fert : Ex-Dividend @ Rs 4.5/share
HEG: Ex-Dividend @ Rs 10/share
Indian Oil Corp : Ex-Dividend @ Rs 13/share
NTPC: Ex-Dividend @ Rs 0.8/share
Other stocks and sectors that are in news today:
HDFC extends dual rate home loan scheme until September 30
SpiceJet to start international operations on October 7
Swiss Re to sell 26% stake in TTK Healthcare TPA
SEL Manufacturing: Opens GDR issue up to USD 35 million
Govt hikes petrol, diesel prices marginally by 9-12 paise due to hike in commission for dealers
Ohio bans outsourcing of IT projects by govt departments – ET
Mircofinance company may lose priority tag, access to cheap funds may be snapped in 2 years – ET
Hotel Leela Promoters puts in place a plan to protect empire, sons agree not to sell group shares to outsiders without offering them to each other – ET (ITC holds 10.2% in Hotel Leela)
SCI plans to buy stake in shipyard, diversify biz – ET
BHEL plans NBFC for Power projects – FE
F&O cues:

Futures Open Int up by Rs 1606 crore
Options Open Int up by Rs 4895 crore

Nifty Futures add 15 lakh shares in Open Int
Nifty Futures at 12-point discount
Nifty Open Int PCR at 1.44 versus 1.40
Nifty Puts add 61 lakh shares in Open Int
Nifty Calls add 18 lakh shares in Open Int
Nifty 5600 Put adds 23 lakh shares in Open Int
Nifty 5500 Put adds 10 lakh shares in Open Int
Nifty 5700 Call adds 5 lakh shares in Open Int
Stock Futures add 1.7 cr shares in Open Int
FIIs in F&O on September 7
Net sell Rs 71 crore in Nifty Futures
Net buy Rs 1754 crore in Nifty Options
Net buy Rs 530 crore in Stock Futures
Market cues:

US mkts retreat around 1%, Asia starts soft
FIIs were net buyers of USD 223.7 million in equities on September 6

NSE F&O Open Int was up by Rs 6501 crore at Rs 1.80 lakh crore
As per provisional data of September 7, FIIs were net sellers of Rs 21 crore; DIIs were net buyers of Rs 441 crore in cash markets. FIIs were net buyers of Rs 2216 crore in F&O.
US Market:
After a long weekend, US stocks came back to trade yesterday and closed lower as the Dow and the S&P 500 ended a four-session winning streak amid renewed concerns about the European banking sector and light post-holiday trading.

European markets fell with banks hit by concerns over the sector's health and the impact of capital reform. Reports suggested that the recent stress tests in the European banking sector understated some lenders' holdings of potentially risky government debt.
US markets slip 1%; dollar down to 15-year low versus yen

Nasdaq Composite was down 1.11% or 24.86 points at 2208.89. Dow Jones Industrial Average was down 1.03% or 107.24 points at 10340.69. Standard & Poor's 500 was down 1.15% or 12.67 points at 1091.84.
In the currency space, the dollar rose against most major currencies but fell to a 15-year low versus the yen before the Federal Reserve released its beige book business survey that may show the US recovery is stalling. Meanwhile, the euro weakened broadly.
In the commodity space, crude futures fell amid renewed concerns about the Eurozone economy. But the day's losses were sharply pared after a deadly explosion ripped through a Mexican oil refinery, raising concerns that Mexico, a top US crude supplier, would have to import more fuel.
In base metals, copper fell for the first time in four sessions as the dollar climbed, reducing demand for the industrial metal as an alternative investment. Drop in German factory orders also dragged on the commodity.