2nd Nov Morning Market Updates:

2nd Nov Morning Market Updates:
Stocks that are in news today:
RBI credit policy
Coal India refund expected today
Results today: Neyveli Lignite, Orbit Corp, SpiceJet, Berger Paints, Electrosteel Casting, Fortis Healthcare, GSK, Future Capital, Hindustan National Glass, Hyderabad Industries, Infinite Solutions, Jai Corp, Texmaco, Sabero Organics, TV today
Punj Lloyd Q2 (cr - crore, cons - consolidated, vs - versus)
Cons net profit at Rs 23.9 cr vs Rs 52.9 cr (YoY)
Cons net sales at Rs 1,958 cr Vs Rs 2,875 cr (YoY)
Cognizant Q3
Net profit up 18.3% at USD 203.7 million (QoQ)
Revenue up 10% at USD 1.2 billion (QoQ)
Q4 Guidance - Revenue seen at USD 1.3 billion
CY10 Guidance - Revenue seen up 38.8% at USD 4.6 billion
Cognizant says:
Had strong quarter on both revenue, income side
Customers beginning to spend on future initiatives
More comfortable about operating environment versus Q2
Good economic news coming out of UK
Deal pipeline looks strong going into next year
Clients' budget cycles have returned to normal
Very comfortable with co's ability to grow, hire
Cement Despatches:
Jaiprakash Associates October cement sales at 1.46 mt Vs 0.8 mt (YoY)
Ambuja Cements October cement sales up 19.9% at 1.75 mt (YoY)
Indian Metals
To hive off furnace operations into arm
To sell 24% stake in proposed furnace arm to POSCO
RNRL shares to stop trading from November 10
RNRL shares to stop trading on merger with Reliance Power
Govt sources say key report on FDI in multibrand retail by November 15 - exclusive
Panel studying comments on FDI in multibrand retail
Corporate actions:
Archies: Ex-split 5:1
Borosil glassworks: Ex-Dividendv at Rs 25 (cmp 725)
Gravity India
Total subscription at 0.87 times
QIB at 1X, HNI at 0.19X, Retail at 0.97X, Employee at 0.93
F&O cues:

Stock Futures add 4.4 cr shares in Open Int
Futures Open Int up Rs 2,951 crore

Options Open Int up Rs 5,292 crore
Nifty Futures add 8.5 lakh shares in Open Int
Nifty Futures at 35 pts prem from 26 pts
Nifty Open Int PCR up at 1.28 from 1.20
Nifty Puts add 61 lakh shares in Open Int
Nifty Calls add 13.6 lakh shares in Open Int
Nifty 6100 Put adds 19.4 lakh shares in Open Int
Nifty 6000 Put adds 6.8 lakh shares in Open Int
Nifty 6400 Call adds 5.7 lakh shares in Open Int
Nifty 5600 Put adds 12.2 lakh shares in Open Int
Nifty 5900 Put adds 4.4 lakh shares in Open Int
Nifty 6100 Call sheds 6.7 lakh shares in Open Int
FIIs in F&O on November 01
Net buy Rs 1516 crore in Nifty Futures
Net buy Rs 2262 crore in Nifty Options
Net sell Rs 74 crore in Stock Futures
Market cues:

RBI credit policy, US mid-term elections
Coal India refund expected today

NSE F&O Open Int was up by Rs 8,244 crore at `1.39 lakh crore
US markets off nearly 1% from days high
US mid-term elections today and FOMC tomorrow
FIIs were net buyers of USD 216.4 million on October 29 in the cash market
MFs were net buyers of Rs 17.5 crore on October 29 in the cash market
As per provisional data of November 01, FIIs were net buyers of Rs 712 crore; DIIs were net sellers of Rs 71 crore in cash markets. FIIs were net buyers of Rs 3651 crore in F&O.
US Markets:
US markets saw some strength in the early trade and the indices climbed 1% to trade near its five-month high but the mix of a stronger dollar, technical resistance and uncertainty ahead of this week's major events left stocks to slide and end on a mixed note.

Dow Jones Industrial Average was up 0.06% or 6.13 points at 11124.62. Nasdaq Composite was down 0.1% or 2.57 points at 2504.84. Standard & Poor's 500 was up 0.09% or 1.12 points at 1184.38.
In economic data in US, the October ISM manufacturing index came in at 56.9, a six-month high and exceeded the 54.0 that had been widely expected. The US construction spending for September was also strong. It increased 0.5% when a 0.7% decline had been expected.

Income and spending data was rather disappointing, but participants shrugged it off anyway. September personal income slipped 0.1% and spending increased a tepid 0.2%.
The dollar gained as investors prepared for a mid-term US congressional election and speculation about more monetary easing from the Fed.
Oil prices jump nearly 2% after unease about bombs found in Greece fueled earlier gains. Saudi Arabia's views on oil prices also supported the commodity's upmove.
Copper prices rose the most in a week as manufacturing accelerated in China, the world's biggest consumer.