15th Dec 2010 Morning Market Updates:

15th Dec 2010 Morning Market Updates:
Stocks that are in news today:

Listing today – MOIL, issue price Rs 375 (Grey market premium Rs 200)
Hero Honda in Focus

Hero Corp board meet today, official announcement expected tomorrow
Oil co hike petrol prices by Rs 2.96/l, Hike to cover losses incurred on petrol
MoEF Sources Say
Order On Lavasa Only By :: December 15 Evening
Status Quo On Lavasa Remains :: Till Now
Ministry Yet To Examine :: Documents Given By Lavasa
HCC Has Said That Work At :: Lavasa Has Been Stopped
HCC Sought 15 More Days :: For Submitting Information
Lavasa Says
MoEF Order Under Pressure From :: Political Activists
Carrying Out Work Within :: Permitted Area
Co Exempt From 1994 & 2004 :: EIA Notifications
CNBC-TV18 :: ALERT: EIA: Environment Impact :: Assessment
Issues Raised By MoEF 'Very :: Generic'
TFCI
Board considered requisition received from IFCI Ltd. for convening Extraordinary General Meeting (EGM) of TFCI for appointment of their five(5) directors and removal of one(1) independent director. Out of 5 names proposed to be appointed as directors in EGM, three(3) were employees of IFCI and its group/subsidiary Company and their appointment was rejected by the Board in the meeting held on November 25, 2010.
GTL Infra
Board meet on dec 16th consider and approve the Draft Scheme of Amalgamation of SPV (which acquired Aircel Tower Assets) with the Company.
MPS
Board meet on 22nd to consider the merger of all its subsidiaries with the Company including the subsidiary in USA.
Bank of India
Increase its Base Rate from the existing 8.50% p.a. to 9.00% p.a. and Benchmark Prime Lending Rate (BPLR) from existing 12.50% p.a. to 13.25% p.a. with effect from December 15, 2010.
Govt Okays L&T Finance Proposal To Bring `641 Cr FDI
ALERT - Govt Approval For FDI In L&T Finance Paves Way For IPO
Etisalat DB, Uninor, Loop Tele :: Sent Showcause Notie
STel & Datacom (Videocon), :: Allianz Infra Sent SCN
Showcause Based On CAG's :: Report On Eligibility Norms
ALERT - CAG Said 6 New Telcos Did Not :: Meet Eligibility Criteria
Other stocks and sectors in the news
R COM has struck a deal with China Development Bank for $1.93bn syndicate loan
Lanco Infra acquires Griffin Coal Mining & Carpenter Mine Mgt
NHAI Approves 7 Projects Worth Rs 5,413.58 cr Spanning 1068.96 km
OBC Hikes Base Rate By 50 bps :: To 9% Effective WednesdayOBC Hikes BPLR By 75 bps :: To 13.25% Effective Wednesday
Eton Park buys 10% in JSW Infra for $125m (Unlisted co)
ZEE Learn listing likely next week
Indian Hotels skips Orient Express FPO, stake dips below 8% - TOI
Carlyle-Advent ropes in Paul for Patni bid – TOI
Power Grid board approves investment of Rs 5540 cr in various power projects to be commissioned in next 32 months
Market cues:

NSE F&O Open Int up Rs 3,046 cr at Rs 1.46 lakh cr
FIIs net sell USD 52.5 million in the cash market on Dec 13

MIIs net buy Rs 326 cr in the cash market on Dec 13
MOIL listing today, issue size Rs 1260 cr at Rs 375 (grey market 190-200)
Fed keeps rate unchanged, reaffirms commitment to buy USD 600 bn on bonds to stimulate growth and create jobs
AP Assembly passes MFI Bill without any amendments
Sources say IOC, HPCL, BPCL to hike petrol prices by Rs2.96/litre: NW18
As per provisional data of December 14, FIIs were net buyers of Rs 33.5 cr in the cash market. FIIs were net sellers of Rs 1272 cr in the F&O market. DIIs were net buyers of Rs 350 cr in the cash market.
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
US Markets:
The US markets were volatiles after the Fed statement. Indices closed off the session highs but the Dow still hit its highest level in two years and treasury yields soared n the back of the news that the Federal Reserve would buy bonds to stimulate the economy.

Dow Jones Industrial Average was up 0.42% or 47.98 points at 11476.54. Nasdaq Composite was up 0.11% or 2.81 points at 2627.72. Standard & Poor's 500 was up 0.09% or 1.13 points at 1241.59.
In other economic data, US retail sales rose 0.8% in November. Excluding auto sales, retailers gained 1.2%. Business inventories rose 0.7% to 1.42 trillion dollars in October, which was less than expected.

According to the national federation of independent business, confidence among US small business owners continued to rise, reaching a three-year high last month.
In the currency space- the dollar edged up in the wake of upbeat US economic data
In commodities- crude prices slipped seesawing with the dollar and pressured after the Federal Reserve said economic recovery was still to slow and reaffirmed the Central Bank's commitment to its bond-buying plan designed to stimulate the economy.