8th Nov Morning Market Updates:

8th Nov Morning Market Updates:
Stocks that are in news today:
Results today: SBI, IDFC, Jain Irrigation, Jindal Saw, Oberoi Realty, Aban, ARSS Infra, Eicher Motors, Lloyds Steel, Prism Info, Venkys, Elder Health, Parabolic Drugs
Reliance Power & GE announce Rs 10,000 crore power deal (announce deal in presence of Barak Obama)
Anil Ambani Says
This is a defining moment in Indo-US Energy co-operation
Reliance Power, GE to implement 2400 MW clean green project at Samalkot
Reliance Power - US Exim Bank signs MOU for USD 5 billion
MOU for R-Power's gas-based, renewable energy projects.
New MOU in addition to USD 917 million EXIM Bank funds for Sasan.
Videocon Q4
Net profit at Rs 160 crore versus Rs 149 crore (YoY)
Net sales at Rs 2,985 crore versus Rs 2,621 crore (YoY)
Videocon says board forms committee to consider restructuring
Other stocks and sectors that are in news today:
Powergrid FPO price band at Rs 85- 90: Power Ministry says
SpiceJet to announce Airplane order with Boeing: Sources (2 major India US deals were expected – Spicejet and Reliance Power; RPower got announced)
Securities in F&O ban: Core Projects, Essr Oil, KS Oils, Orchid Chem, Reliance Media
RBI against pre-payment penalty levied by banks – ET
SEBI is expected to move to SAT in SEBI-MCX row – BS
Pratibha Industries bags a contract worth Rs 37.44 crore for 'providing, laying, jointing and fixing of Padsali Rising Main' from Godavari Marathwada Irrigation Development Corporation, Aurangabad
Infodrive Software closed QIP and raised Rs 41.9 crore
Polyplex Corp board approved bonus of 1:1
Himadri Chemical - Ex split 10:1
F&O cues:
Nifty futures net adds 38 lakh shares in Open Int (-5.8 lakh in Aug & +17.8 lakh in Sep)
Excerpts from Bazaar on CNBC-TV18 Watch the full show »
Nifty Futures at 13 pts premium
Nifty Open Int PCR at 1.37
Nifty Puts add 17 lakh shares, Calls add 9.2 lakh shares in Open Int
Nifty Nov 6300 Put add 6.2 lakh shares in Open Int
Nifty Nov 6200 add 3.8 lakh shares in Open Int
Nifty Nov 5900 Put add 3.3 lakh shares in Open Int
Nifty Nov 6600 Call adds 3.2 lakh shares in Open Int
Nifty Nov 6500 Call add 3.2 lakh shares in Open Int
Nifty Nov 6600 Put add 2.2 lakh shares in Open Int
FIIs in F&O on November 05
Net buy Rs 61 crore in Nifty futures
Net buy Rs 280 crore in Nifty options
Net buy Rs 27 crore in Stock Futures
Market cues:
Markets all set for new all time high today
Results today: SBI, Aban, IDFC, Jain Irrigation, Jindal Saw
Power Grid FPO opening on Tuesday; price band Rs 85-90 (CMP 102), 5% disc to retail investors
NSE F&O Open Int was at Rs 1.54 lakh crore
As per provisional data of November 05 (Diwali Muhurat Day), FIIs were net buyers of Rs 168 crore; DIIs were net buyers of Rs 24 crore in cash markets. FIIs were net buyers of Rs 366 crore in F&O.
US Market:
US stocks rose for the fifth straight week as investors took heart from Republican gains in the elections and on news that more cheap money from the Federal Reserve was on the way.
Following a 3.6% rise in the S&P 500 this week, investors locked in profits on Friday, offsetting an unexpectedly strong payrolls report that reinforced optimism about the economy. The market closed slightly higher.
"Because of these gains, I feel there's a relatively modest correction that's just around the corner," said King Lip, chief investment officer at Baker Avenue Asset Management in San Francisco. "But there's a lot of optimism out there, and the jobs picture is looking better."
A government jobs report suggested the sluggish recovery could be picking up steam. Non-farm payrolls rose a solid 151,000 in October, the first gain since May and more than double economists' expectations.
Good news for market
The news came two days after the Fed detailed a plan to buy USD 600 billion in government bonds over coming months to boost the economy, and three days after Republicans made gains in US elections, signaling the possibility of a more business-friendly Congress.
"Good news is good news. The commodity markets and the stock markets all got everything they wanted this week, which is incredible," said Jeffrey Friedman, senior market strategist at Lind-Waldock in Chicago.
The Dow Jones industrial average edged up 9.24 points, or 0.08%, at 11,444.08. The Standard & Poor's 500 Index added 4.78 points, or 0.39%, to 1,225.84. The Nasdaq Composite Index rose 1.64 points, or 0.06%, to 2,578.98.
The S&P 500 has risen about 16% since September and indexes surged to two-year highs on Thursday, but investors began to question how long the upward trend could continue without a breather.
In a technical barrier, the 61.8% retracement of the slide in the S&P 500 from the historic highs in 2007 to the lows in March 2009 is 1,228.74, near Friday's session high of 1,227.08.
Kraft Foods Inc was the second biggest percentage loser on the Dow, falling 2.2% to USD 31.08 a day after it reported third-quarter revenue that was weaker than expected and commented on its 2011 forecast.
After the closing bell, Boeing Co fell 2.5% to USD 69.51 in extended trading on an Aviation Week report that said the Dow component expects delivery delays of its 787 aircraft.
The S&P telecommunications and healthcare sectors led the downdraft, with losses of 0.6% and 0.5%, respectively. Pharmaceutical companies were also lower, with Merck & Co down 2.6% to USD 35.70 and Pfizer Inc off 1.2% to USD 17.18.
Financials substantially outperformed other sectors, with the S&P financial index advancing 2.1%. The Fed is expected to soon allow some healthy banks to increase dividend payments, people familiar with the decision said late Thursday.
JPMorgan Chase & Co gained 2.9% to USD 40.94 and Bank of America shot up 1.9% to USD 12.36. Option traders furiously snapped up calls on the Financial Sector Sector SPDR fund, which rose 1.8%.
More than four stocks rose for every three that fell on the New York Stock Exchange, while on the Nasdaq, about five stocks rose for every four that fell.
Volume was strong, with about 9.40 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, above the year-to-date daily average of 8.73 billion.