10th Dec Morning Market Updates

10th Dec Morning Market Updates:
Stocks that are in news today:

October Industrial Output: Poll sees IIP growing by 8.83% versus 4.4% in September
ONGC bids for Exxon stake in Angola

Looking at buying 25% stake in US energy major
Put in bid for Block 31 – estimated to produce 1,50,000 barrels of cruide/day
NMDC, Severstal to build USD 5 billion steel plant
Will build 5 million metrix tonne plant in Karnataka
Home Ministry orders probe into alleged leak of IB report on markets: PTI
CNBC-TV18 alert: Probe post alleged IB report rattles markets
MFIN president Vijay Mahajan:
Will reconsider business in AP if MFI model rendered unviable
Glodyne Technoserve says:
Glodyne promoters increase holding in company
Shareholding increased from 58.8 to 60.7%
1.8% stake bought through open market transactions
Board meet today
State Bank of Bikaner & Jaipur: to consider rights issue upto Rs 800 crore
Va Tech Wabag: Results
Nutek India: Consider opening of follow on GDRs issue up to an amount of USD 50 million
Kapil Sibal:
DoT decided to set up 1 man committee headed by Former Justice Shivraj Patil
To probe appropriateness of procedures in spectrum allocation from 2001-2009
CNBC-TV18 Mukul: Rohatgi says 1-man committee blatant attempt to side track issue
Amar Lulla resigns as Joint MD, Cipla
Cipla to CNBC-TV18
YK Hamied will continue as CMD; MK Hamied joint MD of company
Amar Lulla to continue on co's board as non-executive director
CFO S Radhakrishanan inducted into company's board
IPO corner:
Ravi Kumar (closes today)
Total at 0.52 times (X_
QIB at 0X, HNI at 1.81X, Retail at 0.72X
A2Z Maintenance (closes today)
Total at 0.81X
QIB at 0.12X, HNI at 4.25X, Retail at 0.04X
Tata Tele hits back :
Did not apply for any new UAS licenses in 2007-2008
Only applied for license after dual tech policy announcement
Was first, only legitimate applicant for dual tech
DoT took 83 days to give co approval
DoT placed new licensees of 2008 above co
CAG recorded injustice done to co
Yet to get startup spectrum 3 years after payment
Company not given startup spectrum in Delhi, 9 other circles
No question of co superseding 343 applicants
Got valuations from NTT DoCoMo because of biz fundamentals
F&O cues:

Total Nifty futures down Rs 2840 crore, Options up Rs 3293 crore
Stock futures shed 5 crore shares in Open Int ((had added ~11 cr shares in series till date))

Nifty Fut Open Int add 3.6 lakh shares in Open Int; Nifty futures prem at 14 pts versus 20 pts prem
Nifty Open Int PCR down at 1.05 versus 1.14
Total Put shed 2 lakh shares in OI, Call add 53 lakh shares in Open Int
Highest Open Int outstanding; 6000 call (97.5 lakh Vs 86.2 lakh), 5700 put (70 lakh), 5600 put (68.5 lakh)
Nifty 5900 put shed 10.9 lakh shares in Open Int
Nifty 6000 put shed 5.2 lakh shares in Open Int
Nifty 5800 put shed 5.1 lakh shares in Open Int
Nifty 6200 call shed 4.7 lakh shares in Open Int
Nifty 6300 call shed 4.2 lakh shares in Open Int
Nifty 5800 call add 23.4 lakh shares in Open Int
Nifty 5900 call add 21.7 lakh shares in Open Int
Nifty 6000 call add 11.2 lakh shares in Open Int
Nifty 5600 put add 8 lakh shares in Open Int
FIIs in F&O on Dec 09
FIIs net buy Rs 450 crore in Index Futures; Open Int up by 2782 contracts
FIIs net buy Rs 380 crore in Index Options; Open Int up by 63030 contracts
FIIs net buy Rs 3.8 crore in Stock Futures; Open Int down by 7512 contracts
Market cues:

NSE F&O Open Int up Rs 454 crore at Rs 1.42 lakh crore
FIIs net sell USD 290 million in the cash market on Dec 08

Huge unwinding by domestic traders seen in the market
As per provisional data of December 09, FIIs were net sellers of Rs 1296 crore in the cash market. FIIs were net buyers of Rs 820 crore in the F&O market. DIIs were net buyers of Rs 828 crore in the cash market
US Market:
The US markets ended mixed as treasury prices trimmed and the dollar stabilized. Earlier in the day the broader markets moved higher backed by some positive jobs data.

Dow Jones Industrial Average was down 0.02% or 2.42 points at 11370.06. Nasdaq Composite was up 0.29% or 7.51 points at 2616.67. Standard & Poor's 500 was up 0.38% or 4.72 points at 1233.
In economic data, initial claims for unemployment benefits fell by 17000 to 421,000. The numbers came better than expected. US wholesale sales in October climbed to its highest in seven months. They witnessed a 2.2% rise to a seasonally adjusted USD 362.1 billion.

Bullish sentiment among individual investors surveyed by the American association of individual investors reached a four week high.
In the currency universe, the euro saw some reprieve in Asia trade this morning after having come under renewed pressure overnight following Fitch's downgrade of Ireland's sovereign rating, while the dollar sagged as strong demand at 30-year Treasury bond auction knocked yields lower.
Oil prices rose snapping two days of losses, as falling claims for US jobless benefits fed hopes about the economy, while crude also got a lift as gasoline futures jumped on news of a refinery outage.
Copper prices fell from a 31-month high on speculation that China, the world's biggest metal consumer, may raise interest rates to slow economic growth and inflation.
Gold prices rose above USD 1,392 an ounce amidst choppy trade as the yellow metal rebounded after the previous sessions' losses, helped by a bounce of US treasury prices and the dollar rally losing momentum.