3rd Nov Morning Market Updates:

3rd Nov Morning Market Updates:
Stocks that are in news today:
Results today: Aurobindo Pharma, CESC, Gail, ENIL, MTNL, KEC International, OBC, Sundaram Clayton, Surya Pharma, Trigyn Tech, TTK healthcare, Gabriel India
Ashok Leyland October sales
Total sales at 5,732 units versus 5,333 units (YoY)
Exports at 1,104 units versus 399 units (YoY)
SpiceJet Q2 (cr - crore, vs - versus)
Net profit at Rs 10.11 cr vs loss of Rs 101 cr (YoY)
Income from operations at Rs 603 cr vs Rs 449 cr (YoY)
Board okays 30 aircraft buys; deliveries to start in April-June
Bombardier aircraft to enhance regional connectivity
30 Bombardier planes to cost USD 900 million
Q2 EBITDA margin at 0.6%
Company has Rs 600 crore cash in hand; company's current debt at Rs 121 crore
Texmaco Q2
Net profit at Rs 29.4 cr
Net sales at Rs 244 cr vs Rs 241 cr (YoY)
Neyveli Lignite Q2
Net sales at Rs 1,063.2 cr vs Rs 881.6 cr (YoY)
Net profit at Rs 273.7 cr vs Rs 243.6 cr (YoY)
Jai Corp Q2
Net profit of Rs 25.3 cr vs Rs 18.4 cr
Total income at Rs 131.9 cr vs Rs 105.9 cr
TV Today Q2
Total income Rs 60.30 cr vs Rs 64.54 cr
Net loss of Rs 7.59 cr vs net profit Rs 10.61 cr
Future Capital Q2
Total Income Rs 74.96 cr vs Rs 63.32 cr
Net profit Rs 8.14 cr vs Rs 11.61 cr
Board approves issue of debt with or without warrants upto Rs 1500 crore
Merger of Future Capital Fin Services - a wholly owned subsidiary
Other stocks and sectors that are in news today:
ONGC lead consortium in talks to acquire 25% stake in Advent Energy for USD 1 billion – ET
Foreign lenders of Vishal Retail sell bad loans to Pegasus Asset Restructuring Co – ET
Fortis Healthcare in talks to buy 50% stake in Care Hospital for Rs 300 crore – ET (Rakesh Jhunjhunwala, PE Firm Ashmore and Matrix holds 50% stake)
Hindustan Copper looks to sell non core assets for over Rs 3000 crore: ET
Power Grid FPO opens on November 9, closes on November 12, 5% discount to retail investors and employees
Southern Ispat to acquire Gujarat based New Tech Forge for Rs 100 crore – BS
Eros Worldwide seeks to stall release of Action Replay to recover dues worth Rs 6.56 crore from producer – DNA
Kiri Dyes eyes global listing of 2 subsidiaries Lonsen and Dystar by 2013 – DNA
Shakti MetDor delisting offer opens today; Floor price Rs 195/share
Bilpower: goes ex scheme of arrangement (demerger of manufacturing unit at Wada into BIL energy systems)
Securities in F&O ban: KS Oils (new), Core Projects, Orchid Chemical
IDBI Bank hikes BPLR by 25 bps to 13.50%
Kemrock & DSM sign MOU for Manufacturing of Specialty Resins in India
F&O cues:

Nifty Nov Futures shed 1.6 lakh shares in Open Int

Nifty Nov Futures at 37-point premium
Nifty Dec Futures add 0.78 lakh shares in Open Int
Nifty Dec Futures at 63-pt premium
Nifty Open Int PCR at 1.29 versus 1.28 yesterday
Nifty Puts add 19.6 lakh shares in Open Int
Nifty Calls add 13.1 lakh shrs in Open Int
Nifty 6100 Put adds 5.1 lakh shares in Open Int
Nifty 6200 Put adds 3.8 lakh shares in Open Int
Nifty 6300 Call adds 3.9 lakh shares in Open Int
Stock Futures add 5.75 crore shares in Open Int
Stk Futures Open Interest at 228.5cr shares
FIIs in F&O on November 2
Net sell Rs 110 crore in Nifty Futures
Net buy Rs 257 crore in Nifty Options
Net sell Rs 774 crore in Stock Futures
Net sell Rs 19 crore in Stock Options
US Markets:
The US markets ended higher amid the mid-term elections and the Federal Reserve's two day meeting to decide on providing more stimulus to the economy.

Dow Jones Industrial Average added 0.58% or 64.1 points at 11188.72. Nasdaq Composite rose 1.14% or 28.68 points at 2533.52. Standard & Poor's 500 gained 0.78% or 9.19 points at 1193.57.
There was no economic data that came out but the street will be watching out for the outcome of the 2-day Fed meeting. The FOMC policy statement is expected later today.

ADP employment report, auto sales, factory orders and ISM non-manufacturing index are the other key data points to watch out for in US. Also the US mid-term elections are also underway & there are early indications that the republicans are leading.
In the currency space- the dollar fell after a surprise interest rate hike from Australia and positive euro zone economic news but analysts warned of a possible rebound if the Federal Reserve disappointed markets at the end of its policy meeting later tonight.
Oil prices rose to a six-month peak as the dollar fell ahead of an expected decision by the Federal Reserve to inject more money into the economy and more OPEC producers signaled a tolerance for higher prices.
Copper prices too gained after the dollar's decline ahead of the Fed's policy statement.