1st Dec Morning Market Updates:

1st Dec Morning Market Updates:
Stocks that are in news today:

IFCI acquires 2.02% stake in Tourism Finance between March and November
IFCI is looking at controlling stake in TFCI
TFCI Board on November 25 had rejected IFCI’s proposal to induct 3 additional directors and replace the current CMD
Honda Global CEO says

Have good relations with Hero Honda for last 25 years
Can’t comment on the relationship going forward
HCL Tech
Deal with Purdue Pharma is a multi million dollar deal
Cannot comment on the amount as per NDA
Alert: NDA is non-disclosure agreement
Deal will allow us to control two data centers of Purdue Pharma
Expect revenues from deal to tick in by next quarter
IPO Corner
MOIL issue subscribed 29.1 times, QIBs: 49.16x, NIIs: 8.77x, Retail: 10.86x
Claris (closes tomorrow): total subscribed 0.43x, QIBs: 0.11x, NIIs: 0.11x, Retail: 1.02x
SCI (closes on Thursday): total subscribed 0.35x, QIBs: 0.68x, NIIs: NA, Retail: 0.05x
Uninor
Uninor makes Rs 96 crore provision for rollout penalties
Rollout delays due to late security nod by govt
Govt delay in equipment import nod impacted rollout
Uninor to bring this delay to govt’s attention
Uninor Says
Yet to receive any formal communication from DoT
Premature to comment till we hear from DoT
Company a credible commercial operator with nearly 14 million subscribers
Welcome structured & transparent approach by DoT
Will certainly respond to any request from authorities
Other stocks and sectors that are in news today:
Ramky starts work on the Rs 380 crore Gabon Special Economic Zone, West Africa
SAIL signs MoU with Kobe Steel for comprehensive strategic collaboration
PSU oil cos to up ATF prices by average Rs 658/kL from Wednesday
Lavasa moves Bombay HC against MoEF showcause notice
Indowind Energy: Board meet on December 8 to consider issue of DVR and transfer of assets to its subsidiary company
MRF board approves proposal for sale and transfer of the co's Speciality Coatings Division to wholly owned
F&O cues:

Total Nifty Futures' open interest (OI) was up by Rs 1,227 crore
Options' open interest up by Rs 3,763 crore
Stock Futures added 2 crore shares in OI
Nifty Futures premium at 15 points versus 28 points premium
Nifty Open Interest PCR was down at 1.23 from 1.26
Total Puts added 23.6 lakh shares in OI
Calls added 30.7 lakh shares in OI
Nifty 6300 Call added 7.2 lakh shares in Open Int
Nifty 5700 Put added 6.5 lakh shares in Open Int
Nifty 6200 Call added 4.8 lakh shares in Open Int
Nifty 5400 Put added 4.24 lakh shares in Open Int
Nifty 6000 Call added 3.9 lakh shares in Open Int
Nifty 5900 Call added 3.8 lakh shares in Open Int
FIIs in F&O on November 30 as per NSE

FIIs net buy Rs 698 crore in Index Futures
Index Futures OI up by 10,658 contracts
FIIs net buy Rs 668 crore in Index Options
Index Options OI up by 35,508 contracts
FIIs net buy Rs 526 crore in Stock Futures
Stock Futures OI up by 4,882 contracts
Market cues:

NSE F&O open interest was up by Rs 4,990 crore at Rs 1.23 lakh crore
FIIs were net sellers to the tune of USD 147 million while mutual funds were net buyers of Rs 235 crore in the cash market on November 26, as per data available on SEBI website.

FIIs were net buyers of Rs 156 crore and DIIs net buyers of Rs 199 crore in cash market on November 29, as per provisional data on NSE. FIIs were net buyers of Rs 1,823 crore in F&O market
US Markets:
The US markets ended lower on sovereign debt concerns in the eurozone. However the indices came off lows as the market found support around the 1174 level on S&P 500. Meanwhile the CBOE volatility index rose above 23.

The Dow Jones Industrial Average closed at 11,006.02, down 46.47 points or 0.42% from previous closing value. The Nasdaq Composite fell 26.99 points or 1.07% to 2,498.23 and the S&P 500 Index ended at 1,180.55, down 7.21 points or 0.61%.
Economic data helped cut losses on Wall Street, the US consumer confidence index improved in November to a five-month high of 54.1 from 49.9 in October. The index had been widely expected to improve to a more moderate 52.

But home prices fell 1.5% in September, according to the Standard & Poor's/Case-Shiller House Price Index. Nationally, home prices fell 2% from a year earlier.
Paul Hickey, Co-founder of Bespoke said, "The economy is back from its summer vacation so to speak and we are in a solid steady growth mode not optimal but we are growing. And we think that will help to move the market higher throughout as we come to year end."
In data to watch out for, the ISM Manufacturing Index is expected to come at 57. October saw a figure of 56.9.
Analysts expect US auto sales in November to be held above 12 million vehicles on an annual basis, a gain of about 10% from a year earlier. Sales are expected to be boosted by discounts and a slow return of consumer demand.
The ADP national employment report and the challenger job-cut report for November is expected today.
European markets ended lower on mounting fears arising from the Irish sovereign crisis and the subsequent contagion it may cause.
In the currency space, the dollar gained as the euro plunged to 2 and half month lows with losses seen accelerating on nagging worries about euro zone sovereign debt.
In commodities, oil fell as concerns that Europe's debt crisis will widen battered the euro and added to ongoing concerns about China's economic growth.