22 Nov 2010 Morning Market Updates

22 Nov 2010 Morning Market Updates  09:08

Triveni Engg Q4


-Sales at Rs 587.4 crore versus Rs 553.5 crore

-PAT at Rs 17.2 crore versus Rs 68.2 crore
Other stocks and sectors that are in news today:


-Burnpur Cement – Board meet today to consider fund raising

-Suryachakra Power – Board meet today to consider the proposal to acquire Power Project Companies by way of merger + NSE listing

-Mexico’s Cemex close to buying Murli Cement for USD 550 million – ET (its listed Murli Ind sub)

-Govt backs ONCG claim but won't let company bid for Cairn – ET

-SEBI asks MFs to simplify new fund offers – ET

-CCI fines Kingfisher Rs 1 crore for not providing facts during probe – PTI

-SPICE Mobility to mop up Rs 700 crore, company to raise funds via sale of 3.5 crore treasury shares – ET

-Bankers jittery over exposure to telecom – BS

-Sun Pharma has been stopped from launching the generic version of a schizophrenia drug that has generated revenues of USD 4 billion in US in 2009 – BS

-Steel co to form consortium to acquire assets abroad – BS

-Emami eyes one more buyout in Africa – BS

-India Oil, Nalco to get upto 49% in ventures with Nuclear Power – BL

-JSW Energy looking to raise Rs 2400 crore through bond issue – DNA

-Fertilizer ministry turns down proposal to free urea prices – Mint

-Dr Reddy's Labs (DRL) announces the launch of Zafirlukast Tablets'

-Altas Copco - delisting floor price at Rs 1426/share (CMP Rs 1835)

-Sasken Comm - buyback at Rs 260; maximum offer size at 10% of equity

FIIs were net buyers to the tune of Rs 734 crore in the F&O market. Stock futures shed 3.3 crore shares in Open Interest (OI) on Friday; stock futures shed 4 crore a day earlier. Futures Open Interest was down by Rs 1,625 crore while Options Open Interest up by Rs 2.312 crore. Nifty Open Interest PCR was down at 1 from 1.06. Nifty November 5900 call added 24.5 lakh shares in Open Interest while Nifty December 5600 Put added 8.3 lakh shares in Open Interest.




Delivery based selling was seen in RIL. The stock tanked 4% and its OI was up 5 lakh shares.



Short covering was seen in Idea Cellular. The stock rose 5.2% and its OI was down 7%. Delivery volume declined at 17.7 lakh shares versus 43.5 lakh shares.



Fresh shorts were seen in SCI. The stock tumbled 7.8% and OI was up 17%.



Unwinding was seen in Bata and Syndicate Bank on speculative buildup. Bata India plunged 6.8% and its OI was down 14%. Syndicate Bank slipped 7.3% and its OI was down 6%.

F&O cues:




Futures Open Int down Rs 1,625 crore

Options Open Int up Rs 2.312 crore




Nifty futures add 6.5 lk shrs in Open Int



Nifty Open Int PCR down at 1 versus 1.06



Nifty Puts shed 10 lk shrs in Open Int



Calls add 50 lk shrs in Open Int



Highest Open Int O/S at 6300, 6200 Call & 5900 Put



Nifty Nov 5900 Call adds 24.5 lk shrs in Open Int



Nifty Nov 6000 Call adds 11.8 lk shrs in Open Int



Nifty Dec 5600 Put adds 8.3 lk shrs in Open Int



Nifty Nov 6100 adds 7.1 lk shrs in Open Int



Nifty Dec 5400 Put adds 6 lk shrs in Open Int



Nifty Nov 6000 Put sheds 16.3 lk shrs in Open Int
Nifty Nov 6100 Put sheds 8.6 lk shrs in Open Int
Nifty Nov 5900 Put sheds 5.5 lk shrs in Open Int
FIIs in F&O on November 19
FIIs net buy Rs 3.5 crore in Index Futures
FIIs net buy Rs 479 crore in Index Options