14th Dec Morning Market Updates:

14th Dec Morning Market Updates:
Stocks that are in news today:

EGoM Likely To Meet On Dec 22 To Decide On Diesel Price Hike – PTI
EGoM To Mull Hiking Diesel Prices By `1-2/L
Munjals to buy Honda’s 26% stake for $1bn – ET (Suggests 50% disc) – reported earlier

SEBI to track MF investments of politicians – BS
Cemex-Murli Ind deal hit a road block on valuations, SEBI glare – Agencies
SC Extends Stay Over Madras HC Order On Sterlite
ALERT: Madras HC Directed Sterlite To Close Plant At Tuticorin, TN
HCC in Focus
Jairam Ramesh Says Environ Min May Give Interim Order On Lavasa today
ALERT Min Was Told To Decide Staying Of Lavasa Const By Dec
Rel Comm Starts 3G Tariff Battle With Tata DoCoMo & MTNL
Rel Comm 3G Data Speed Fastest Across All Data Plans
MTNL Remains Cheapest 3G Data Price Offering
MTNL Remains Cheapest For Unlimited 3G Data Usage
MTNL Rental Cheapest At `99 For 100 MB At 3.6 mbps
Rel Comm Data Plan Rates Lower Than Tata DoCoMo
Rel Comm Rental At `199 Vs `350 For Tata DoCoMo
Rel Comm Highest Data Plan At `2,100 For 21 GB At 21 mbps
Tata DoCoMo At `2,500 For 15 GB At 21 mbps
Tata DoCoMo Offers Cheapest Short-usage Plans
Rel Comm To CNBC-TV18
CNBC-TV18 Exclusive
Expect Revenues From 3G To Start Coming Within 6-9 Months
Will Tie Up With Telcos For 3G Roll Out Post March
Will Roll Out 3G Svcs Across All 13 Circles In 90-100 Days
Expect Jump In Subscriber Base Post Mobile Number Portability
ALERT
Tata DoCoMo, MTNL, BSNL & :: Rel Comm Offer 3G Services
Other stocks and sectors in the news
Tantia Const Board meet on 16th to consider preferential allotment of Securities to the Promoters / Promoter Group Companies on private placement basis.
Prism Informatics wins contract for SAP Support Project in Germany
Eros International announces Rs 29.5 crore gross worldwide for No Problem in its opening weekend
GMR Infra WOS GMR Power to get a installment of Rs 100 cr in dec 2010 from Tamil Nadu Electricity Board in ref to adjudication of disputes arising out of power purchase agreements.
Sarda Energy granted its consent to operate 3rd FBC Boiler installed at the Company's Captive Power Plant to generate additional 20 MW power
PNB: has completed the transaction for acquisition of 63.64% stake in JSC Dana Bank Kazakhstan. PNB has acquired 35 Million shares of 1000 Tenge each, at par, for 3.5 Bn Tenge (USD 23.765 Mio approx.)
ITD cement:
Company in Joint Venture with its Promoter, Italian-Thai Development Public Company Limited has been awarded Letter of Acceptance from Delhi Metro Rail Corporation for Rs. 228 Crores Contract.
Ruchi Strips: bd meet today to consider Transfer of steel division, sale of land.
Elgi equipements: ex bonus 1:1
Bio Whitegold Ind open offer at Rs 10/sh
DoT Notices Demand Liquidated Damages For Rollout Failure
TRAI Says:
DOT to send notices to telecos from today
Notice for cancellation to some teleco for non-compliance
Two months given to telecos to respond to cancellation notices
All notices will be sent by end of the week
Allahabad Bank Hikes Base Rate By 50 bps To 9%
Allahabad Bank Increases BPLR By 75 bps To 13.25%
New Interest Rates Effective December 14
Indian Bank
Ups Base Rate By 50 bps to 9%
Ups BPLR By 25 bps To 13.25%
F&O cues:

Total Nifty futures up Rs 1174 cr, Options up Rs 1260 cr
Stock futures add 29 cr shares in Open Int after shedding 7.5 cr shares last week

Nifty Fut OI shed 27k shares in Open Int ; Nifty futures prem at 26 pts Vs 22 pts prem
Nifty Open Int PCR up at 1.21 from 1.13
Total Put add 31.5 lakh shares in OI, Call shed 11.2 lakl shares in Open Int
Highest OI outstanding shifts to 6000 call (79.3 lakh Vs 76 lakh), 5600 put (79.3 lakh Vs 71.2 lakh), 5700 put (78.2 lakh Vs 77 lakh Vs 70 lakh)
Nifty 5600 put add 8 lakh shares in Open Int
Nifty 5400 put add 4 lakh shares in Open Int
Nifty 6000 put add 3 lakh shares in Open Int
Nifty 5500 put add 2.8 lakh shares in Open Int
Nifty 5800 call shed 9.1 lakh shares in Open Int
Nifty 6100 call shed 3.2 lakh shares in Open Int
Nifty 5900 call shed 2.5 lakh shares in Open Int
FIIs in F&O on Dec 13
FIIs net buy Rs 403 cr in Index Futures; Open Int down by 3857 contracts
FIIs net sell Rs 31 cr in Index Options; Open Int up by 25,228 contracts
FIIs net buy Rs 47.5 cr in Stock Futures; Open Int up by 915 contracts
Market cues:

NSE F&O Open Int was up Rs 2433 cr at Rs 1.43 lakh cr
FIIs net sell $213.6 m in the cash market on Dec 10 ((net sold $900 m in last 5 days))

MOIL listing tomorrow and Credit Policy on Thursday
EU Summit on Thursday, Friday
As per provisional data of December 13, FIIs were net sellers of Rs 288 cr in the cash market. FIIs were net buyers of Rs 410 cr in the F&O market. DIIs were net buyers of Rs 335cr in the cash market
US Markets:
In the US markets, stocks started off on a positive note and strengthened throughout much of the session, but gave off gains in the final hour of trading. The selloff prevented the Dow from closing at a 2-year high after it was trading above its November 5 close within the final 10 minutes of the session.

Dow Jones Industrial Average was up 0.16% or 18.24 points at 11428.56. Nasdaq Composite was down 0.48% or 12.63 points at 2624.91. Standard & Poor's 500 was flat at 1240.46.
In key data to watch out for today, the US producer price index for November is expected to come at 0.7%. The October data came at 0.4%. November retail sales are also expected today. Consensus figures indicate 0.7%, lower than the October figures of 1.2%.

The FOMC policy announcement is also on our radar today. Fed fund rates may be kept unchanged.
In currencies the dollar fell broadly as US deficit concerns returned to the forefront as Moody's said that after the tax-cut deal could shift its outlook on the United States' top credit rating.
In commodities- oil prices rose lifted by strong Chinese economic data before prices faced resistance above USD 89 a barrel amid investor concern that China may take more action to cool its inflation.
In base metals copper surges to record levels in London trade and rallied to a 31-month high in New York session on speculation about Chinese demand as china refrained from a rate hike.