26th OCt Morning Market Updates

26th OCt Morning Market Updates:
Stocks that are in news today:
Results today: Central Bank, Dena Bank, Deepak Fertiliser, Dish TV, Gujarat Alkalies, HCL Infosystems, JB Chemical, Jindal Steel, JSW Steel, MRPL, Marico, NTPC, Raymond, SRF, Sterlite, Tamil Nadu Petro, Tech Mahindra, TV18, Ultratech Cem, United Phosphorous, Voltas
Coal india
Issue price at Rs 245 a share, Price at upper end of price band
Govt to get over Rs 15100 crore from issue
Coal Ministry Says
No decision on Neyveli Lignite disinvestment as yet
Unsubscribed employee quota for Coal India to be allocated to QIB, Retail, HNI
Dr Reddy's
In pact to market some Cipla products in Russia, Ukraine
To market UK's Vitabiotics' products in Russia, CIS
Bharti Airtel
In outsourcing pact for Zain Africa
IBM, Tech Mahindra & Spanco partner for Zain Africa BPO
Agreement expected to be finalized soon
SEBI Says
Have tightened rules on preferential issue to promoters
Retail investor limit hiked to Rs 2 lakh
Idea Cellular Q2 (cr - crore, vs - versus, cons - consolidated)
Consolidated net profit at Rs 180 cr vs Rs 201 cr (QoQ)
Cons net sales at Rs 3,659 cr vs Rs 3,654 cr (QoQ)
EBITDA margin at 24% vs 24.3% (QoQ)
Crompton Greaves Q2 Cons: Broadly in line
Sales up 9.5% at Rs 2397 cr Vs Rs 2189 cr (Expectation: Rs 2365cr)
OPM at 13.90% Vs 14.01% (Expectation: 14.04%)
PAT up 10.5% at Rs 213.6 cr Vs Rs 193.4 cr (Expectation: Rs 211cr)
Order-book at Rs 7100 cr Vs Rs 6802 cr at end Q1
J&K Bank Q2
NII at Rs 372.6 cr vs Rs 251.9 cr (YoY)
Net profit at Rs 163.3 cr Vs Rs 134.3 cr (YoY)
Titan Industries Q2
Net profit at Rs 128 cr vs Rs 77.6 cr (YoY)
Net sales at Rs 1,536 cr Vs Rs 1,147 cr (YoY)
Other stocks and sectors that are in news today:
SC dismisses L&T appeal on NTPC tender
Red Fort Cap invests Rs 120 crore in Parsvnath Developers: VCCircle Exclusive
ONGC may go off sell off list as govt plans to cap disinvestment target at Rs 40,000 crore this year.
F&O cues:
Stock futures add 6.5 crore shares in Open Int
Futures Open Int was up Rs 2549 crore, Options Open Int was up Rs 621 crore

Nifty Oct futures shed 21 lakh shares in Open Int, at 30-point premium
Nifty Nov futures add 38 lakh shares in Open Int, at 56-point premium
Nifty Open Int PCR at 1.23 versus 1.20
Nifty Puts add 16 lakh shares; Nifty Calls shed 8 lakh shares in Open Int
Nifty 6200 Put adds 6.8 lakh shares in Open Int
Nifty 6000 Call sheds 11 lakh shares in Open Int
FIIs in F&O on October 25
Net buy Rs 651 crore in Nifty futures, Open Int up 51,912 contracts
Net buy Rs 219 crore in Nifty options, Open Int up 219 contracts
Net sell Rs 88 crore in Stock futures, Open Int up 14,879 contracts
Market cues:

Results today: NTPC, Sterlite, JSW Steel, Tech Mahindra, UltraTech
Dollar index at 77.12, Euro-Dollar at 1.39

NSE F&O Open Int was up by Rs 3170 crore at Rs 1.90 lakh crore
As per provisional data of October 25, FIIs were net buyers of Rs 587 crore; DIIs were net sellers of Rs 386 crore in cash markets. FIIs were net buyers of Rs 744 crore in F&O.
US Markets:
US stocks rose to a five-and-a-half month high on Monday as a falling dollar, partly driven by expectations of further stimulus by the Federal Reserve, prompted investors to buy riskier assets.

The slide in the greenback continued after a weekend meeting of the Group of 20 stopped short of setting targets to reduce trade imbalances. Bets the Fed will stimulate growth by effectively printing money to buy assets has weakened the dollar, which in turn has lifted commodity prices.
"We have a lower dollar, we have low and benign interest rates, and you can't beat that combination for reflating the economy or stock prices," said Hugh Johnson, chief investment officer of Hugh Johnson Advisors LLC in Albany, New York.

Equities and the dollar have formed an inverse relationship, so as the dollar drops, equities often advance. Since September 1, the S&P has risen 13% while the dollar index, which measures its value against major currencies, has lost 7.4%.
The S&P materials sector, which is particularly sensitive to the weak dollar, gained 1.7% and was the index's best performing group. Freeport-McMoRan Copper and Gold Inc advanced 2.2% to USD 96.07.
But stocks finished the session well off their highs as the dollar came off its lows late and the euro pared gains.
"It's all about the currency - the dollar strengthened and euro faded," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.
"Commodities, including copper, also did the same thing, their gains were lost toward the market close."
The Dow Jones industrial average gained 31.49 points, or 0.28%, to 11,164.05. The Standard & Poor's 500 Index added 2.54 points, or 0.21%, to 1,185.62. The Nasdaq Composite Index advanced 11.46 points, or 0.46%, to 2,490.85.
The benchmark S&P 500 index ended at its highest since May 3.
In a research report, Goldman Sachs said the Federal Open Market Committee is almost certain to announce renewed monetary easing at its November 2-3 meeting.
Goldman analysts calculated the Fed may have to buy up to USD 4 trillion in assets to achieve desired growth and inflation targets.
Further boosting materials stocks was Eastman Chemical Co, which climbed 5.1% to USD 82.59 after it agreed to sell three plants to Mexican conglomerate Alfa for USD 600 million.
Both Office Depot Inc and tobacco company Lorillard Inc rallied after posting stronger-than-expected profits. Office Depot also said that its embattled chief executive would be stepping down, sending the stock up 3.5% to USD 4.79. Lorillard advanced 1.3% to USD 85.14.
D R Horton Inc edged up 0.7% to USD 10.68 after data showed existing-home sales rose more than expected in September.
Volume was light with about 7.2 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, below the year-to-date moving average of 8.76 billion.
Advancing stocks outnumbered declining ones on both the NYSE and the Nasdaq, by about 3 to 2.