25th Nov Morning Market Updates

25th Nov Morning Market Updates:
Stocks that are in news today:

KS Oils Q4
Net sales at Rs 1035 crore versus Rs 946 crore
Net profit at Rs 51.1 crore versus Rs 50.2 crore
Jubilant Lifesciences
Goes ex-scheme of amalgamation:
Amalgamation of Speciality Molecules and Pace Marketing Specialities Ltd with Jubilant Life Sciences Ltd, and demerger of Agri Products division, Performance Polymer division and IMFL division of Jubilant Life Sciences Ltd. into Jubilant Industries Ltd.,
Bank Bribery Scam

CBI says
8 officials of banks, finance company arrested
Names include LIC Housing Finance CEO Ramchandranan Nair, LIC Secretary (invst) Naresh Chopra
Central Bank director (CA) MS Johar, GM Bank of India RN Tayal, Delhi DGM of PNB, Venkoba Gujjal, Rajesh Sharma, Sanjay Sharma and Suresh Gattani of Money Matters
'A lot of crore involved' in bank bribery case
Cases relate to illegal gratification to PSB officials
CBI Remand Copy Alleges
Undue favour related to DB Realty, Mantri Realty, Sigrun
Undue favour related to entertainment world Lucknow
Undue favour related to Indore city treasures
Ramchandranan Nair showed undue favours to above companies
Undue favours routed via Rajesh Sharma, Money Matters
Rajesh Sharma delivered Rs 45 lakh to R Nair on November 16
R Nair demanded gratification to finance Goregaon flat
Inside information provided in respect to investment matters of LIC
Naresh Chopra allegedly provided inside information
Inside information on JSW Power, Pantaloon, Adani, JP Hydro
Rs 12.12 lakh seized from Money Matters Mumbai office
Gift vouchers of Rs 4.97 lakh seized from Money Matters office
CBI copy on Central Bank
Ms Johar provided undue favour on Lavasa
Rs 10.15 lakh recovered from residence of Sanjay Sharma
LIC says
NPAs are minimal in housing sector
LIC exposure to builders is only 11-12%
This is a bribery case
LIC Housing Finance says:
All loans given to developers secured
All loans given to developers performing
Only small portion of loans to developers under question
Loans under question is 0.6% of balance sheet
All procedures have been followed
LIC to take decision on status of R Nair
Finance Ministry calls for reports from PSBS, FIs raided by CBI
Department of Financial Services seeks report from Central Bank, PNB, BOI, LIC
Finance Ministry says
All loans of LIC fully secured
Info sought from BOI on OPG power, BGR Energy
Info sought from BOI on Ashapura Minechem
Of 3 BOI accounts, only 1 NPA due to derivative losses
BOI officials questioned by CBI on November 23
No impact on Central Bank asset quality
No link between PNB official & PNB loan accounts
IRDA source:
IRDA team varified SKS documents;
IRDA found irregularities related to insurance;
SKS likely to be fined if found guilty.
SKS official reaction it was part of regular visit by IRDA
Other stocks and sectors that are in news today:
Shriram EPC awarded order from SAIL for Rs 68 crore for Durgapur Steel Plant
MRF to announce Q4 and FY10
SCI board meet today to consider the pricing of proposed Follow on Public Offer
Kingfisher board meet today to consider issue of convertible and/or redeemable securities to the consortium of lenders (pursuant to a debt recast package), the promoters / promoter group of Kingfisher Airlines Ltd., their PACs and/or other investors
Sun Pharma goes Ex-split 5:1; announces USFDA tentative approval for generic Cymbalta
SEBI bars Sahara India from raising funds from market
RIL, NTPC may settle gas row out of court – ET
50 Kingfisher pilots quit to join rival Jet Airways – ET
Oracle wins USD 1.3 billion from SAP in copyright case – Agencies
UPC independent directors reject Unitech buyout offer – DNA
Reliance Broadcast Network in talks to buy stake in radio city
F&O cues:

Stock Futures shed 3.3 cr shares in Open Int
Futures Open Int up Rs 318 crore

Options Open Int up Rs 1430 crore
Nifty Futures add 20.2 lakh shares (7% Open Int) in Open Int
Nifty Futures prem at 8.5 pts versus 7 pts
Nifty Open Int PCR down 0.97 versus 1.01
Nifty Puts shed 5 lakh shares
Nifty Calls add 28.5 lakh shares in Open Int
Nifty Nov 6000 Call adds 13 lakh shares in Open Int
Nifty Dec 5800 Put adds 11.5 lakh shares in Open Int
Nifty Dec 5600 Put adds 4.7 lakh shares in Open Int
Nifty Dec 6200 Call adds 3.7 lakh shares in Open Int
Nifty Dec 5900 Call adds 3.6 lakh shares in Open Int
Nifty Nov 6000 Put sheds 13.4 lakh shares in Open Int
Nifty Nov 5900 Put sheds 8.3 lakh shares in Open Int
FIIs in F&O November 24
FIIs net sell Rs 482 crore in Index Futures; Open Int up by 21,161 contracts
FIIs net buy Rs 45 crore in Index Options; Open Int up by 3,131 contracts
FIIs net buy Rs 258 crore in Stock Futures; Open Int down by 2054 contracts
Market cues:

NSE F&O Nov series expiry today
Total Open Int down 3% Vs last expiry

NSE F&O Open Int was up Rs 1,749 crore at Rs 1.76 lakh crore
Korea emergency meeting to be held today
As per provisional data of November 24, FIIs were net sellers of Rs 473 crore in the cash market. FIIs were net sellers of Rs 196 crore in the F&O market. DIIs were net sellers of Rs 95 crore in the cash market.
US Markets:
In the US markets, a barrage of economic reports ahead of the thanksgiving holiday brought about a strong, broad-based buying effort that helped stocks recover from Tuesday's precipitous drop.

Dow Jones Industrial Average gained 1.37% or 150.91 points at 11187.28. Nasdaq Composite rose 1.93% or 48.17 points at 2543.12. Standard & Poor's 500 added 1.49% or 17.62 points at 1198.35.
It's economic data that way a key trigger for US markets yesterday, the latest initial jobless claims count fell 34,000 week-over-week to a two-year low of 407,000, which is less than the 442,000 initial claims that had been widely expected. Continuing claims set their own two-year low at 4.18 million, down from 4.32 million in the prior week.

The improvement in jobless claims generally overshadowed disappointing durable goods orders data for October. Total orders declined 3.3%, which is worse than the 0.3% decline that had been widely expected.
Less attention was paid to personal income and spending for October. Income increased 0.5%, which is slightly stronger than the expected. Spending increased 0.4%, but that was a bit softer than expected.
The dollar remained flat as the euro earned a reprieve lifting off a two-month trough after three straight sessions of falls, but with the euro zone debt crisis still festering any rebound may well prove short-lived.
In the commodity space oil ends 3% higher on signs of economic improvement in US.
In the base metal space copper advanced on speculation mine strike in Chile may cut into supply.