29 Oct Morning Market Updates:

29 Oct Morning Market Updates:
Stocks that are in news today:
23 new stocks to be available in F&O from today - 3i Infotech, Alok Industries, Bajaj Holdings, Bata, Bombay Dyeing, Central Bank of India, Development Credit Bank, Escorts, Havells India, Hindustan Oil Exploration Company, Indraprastha Gas, Indusind Bank, IRB Infrastructure, Jet Airways, Karnataka Bank, Max India, MRF, Oil India, S Kumars Nationwide, SREI Infrastructure, Sterlite Technologies, Tata Motors DVR 'A' Ordinary, TVS Motor
Results today: ABB, BHEL, Hero Honda, M&M, ITC, BPCL, BILT, BEL, Brandhouse Retail, Cinemax, Delta Corp, Federal Bank, GE Shipping, HCC, IOB, Jagran Prakashan, Jet Airways, Moser Baer, Motherson Sumi, NFL, PVR, Shopper’s Stop, SJVN, Sona Koyo, Syndicate Bank, Tata Chem, UCO Bank, Welspun Corp, Wlespun India
ONGC Q2 (cr - crore, vs - versus, cons - consolidated)
Net profit at Rs 5,389 cr vs Rs 5,090 cr (YoY)
Net sales at Rs 18,194 cr vs Rs 15,081 cr (YoY)
Net realisation at USD 62.75/bbl vs USD 56.41/bbl (YoY)
Gross realisation at USD 79.21/bbl vs USD 70.50/bbl (YoY)
Subsidy payout at Rs 3,019 cr vs Rs 2,630 cr (YoY)
Cairn India Q2
Cons net sales at Rs 2,686 cr vs Rs 230 cr (YoY)
Cons net profit at Rs 1,585 cr vs Rs 470 cr (YoY)
Alok Ind Q2:
Net profit at Rs 79.8 cr vs Rs 57 cr
Net sales at Rs 1,451 cr vs Rs 975 cr
EIH Q2
Net loss at Rs 15 cr vs loss of Rs 9.65 cr
Net sales at Rs 199 cr vs Rs 156 cr
Operating loss at Rs 5.2 cr vs operating profit of Rs 8 cr
Zee Entertainment Q2:
Net profit at Rs 157.6 cr vs Rs 167.6 cr (QoQ)
Net sales at Rs 501 cr vs Rs 452.7 cr (QoQ)
Tata Global Beverages Q2
Cons net sales at Rs 1,439 cr vs Rs 1,397.3 cr (YoY)
Cons net profit at Rs 51.6 cr vs Rs 287.4 cr (YoY)
Balaji Telefilms Q2
Net loss at Rs 6.4 cr Vs net profit of Rs 2.9 cr (QoQ)
Net sales at Rs 38.1 cr Vs Rs 30.7 cr (QoQ)
Tata Communications Q2
Cons net sales at Rs 2,960.7 cr Vs Rs 2,884.5 cr (QoQ)
Cons net loss at Rs 213.5 cr Vs net loss of Rs 281.4 cr (QoQ)
Grasim Q2
Cons net sales at Rs 4,439 cr Vs Rs 4,682.3 cr (YoY)
Cons net profit at Rs 323.4 cr Vs Rs 780.8 cr (YoY)
Peninsula Land Q2
Net sales at Rs 122.6 cr Vs Rs 168.7 cr (YoY)
Net profit at Rs 63.8 cr Vs Rs 72.9 cr (YoY)
SAIL says
Q2 net profit impacted on rise in coking coal prices
Net sales realisations have improved
Q2 average coking coal price at USD 225/t versus USD 128/t (YoY)
Other stocks and sectors that are in news today:
Atlas Copco’s parent to seek voluntary delisting
Sumitomo Metals buys 5.5% stake in Steel Strips and Wheels At Rs 520/sh
Stocks in NSE F&O curb: Core Projects, Orchid Chemical, JSW Holdings
Market cues:
US markets flat, Asia opens negative
Dollar index retraces marginally to 77.34, Euro-Dollar up to 1.39
NSE F&O Nov series starts with Open Int of Rs 1.21 lakh crore versus Rs 1.28 lakh crore in October
As per provisional data of October 28, FIIs were net sellers of Rs 950 crore; DIIs were net sellers of Rs 60 crore in cash markets. FIIs were net sellers of Rs 567 crore in F&O.
F&O cues:

Nifty futures at 76-point premium
Marketwide rollover at 77% versus average of 78%; versus 78% last series
Excerpts from Bazaar on CNBC-TV18 Watch the full show »

Nifty rollover at 69% versus average of 72%; versus 72% last series
Strong Rollovers: Telecom (87%), FMCG (83%) and Cement (83%)
Weak Rollovers: Banking (75%) and Auto (81%)
Strong Rollovers: IOC (95%), JSW Steel (91%)
Weak Rollovers: ICICI Bank (59%), HDFC Bank (62%)
(Options Open Int lower as IVs have gone up and options have become expensive)
Nifty Open Int PCR at versus 1.27 at start of Oct series
Nifty 6000 Put adds 12 lakh shares in Open Int
Nifty 5900 Put adds 10 lakh shares in Open Int
Nifty 5800 Put adds 9.2 lakh shares in Open Int
Nifty 6300 Call adds 10 lakh shares in Open Int
Nifty 6500 Call adds 8.5 lakh shares in Open Int
FIIs in F&O on October 28
Net sell Rs 71 crore in Nifty futures
Net sell Rs 300 crore in Nifty options
Net sell Rs 146 crore in Stock futures
US Markets:
In the US markets stocks settled mixed with the major equity averages near the neutral line. The lack of direction came despite encouraging data and a sharp drop by the dollar.

Dow Jones Industrial Average was down 0.115 or 12.33 points at 11113.95. Nasdaq Composite was up 0.165 or 4.11 points at 2507.37. Standard & Poor's 500 was up 0.11% or 1.33 points at 1183.78.
In economic data, initial jobless claims for the week ending October 23 totaled 434,000, which is well below the 458,000 initial claims that had been expected, on average, the tally was also the smallest since July. More impressive is that continuing claims which fell to 4.36 million, which is a near two-year low.

It's a busy day in terms of data to watch out for in US, the GDP growth for the third quarter is seen higher at 2% compared to the 1.7% growth in Q2. Meanwhile the final consumer sentiment index for October is seen marginally higher at 68 compared to the 67.9 recorded in mid-October.
The Chicago PMI in October is expected to come in lower around 57.6 compared to 60.4.
The dollar fell in tandem with treasury yields as investors once again reassessed how much money the US Federal Reserve was likely to commit to a second round of monetary stimulus when it meets next week.
Oil prices moved higher supported by positive US jobless claims data and as the dollar weakened on rising worries about the extent of an expected US Federal Reserve monetary easing.
Copper rose for the fourth time in five sessions as the dollar declined, boosting demand for metals as alternative investments.