21st Dec Morning Market Updates:

21st Dec Morning Market Updates:
Stocks that are in news today:

Ispat-JSW Steel
Banking sources say
JSW Steel makes offer to Ispat CDR lenders
IDBI Bank, ICICI Bank, IFCI part of meeting
Bankers give informal approval to JSW Steel's bid for Ispat
Ispat will have to issue fresh shares
Confident of deal going through
Sources say
Ispat lenders reject waiver of outstanding preference shares dividend
Outstanding dividend on preference shares amounts to Rs 700 crore
Ispat to use Rs 200-250 crore of proceeds to clear debt
Ispat Industries

IDBI converts part of its loan into equity at Rs 14.75/share
Alert: Ispat AGM today
Patni - CNBC-TV18 Exclusive: Sources
Prospective bidders for Patni likely to submit financial bids today
Patni board may prefer bidder with IT background
iGate may emerge likely frontrunner for stake
iGate likely to be backed by Apax Partners
Patni promoters likely to finalize bidder by end of week
Other bidders include Advent International-Carlyle, Fujitsu
Patni promoters eye premium to current market price
Alert: Patni brothers own 45.8% in Patni
Alert: GA owns 16% in Patni
Patni Brothers, GA likely to exit stake in co
Cipla: NewsWire18
Cipla denies reports of stake sale in company
News reports of stake sale in company 'baseless'
CNBC Exclusive: Apollo Hospital chairman Dr C Pratap Reddy says:
Will do rejuvenation therapy in a big way;
Will tie up with Kottakkal Arya Vaidya Sala;
Inaugurated Hyd cosmetic clinic today;
Will have 6 cosmetic clinics;
Investing about Rs 30 crore
RIL - Sources from Agencies
RIL to shut 200,000 bpd FCC unit at Jamnagar for a month
Shutdown to begin January-end
Home Ministry to look into 3G services ban
DoT & Home Ministry officials meet 3G telcos
CNBC-TV18 alert: DoT has ordered 3G telcos to stop video calls
Reliance Communications, Bharti Airtel, Tata Tele impacted by order
French major Rhodia buys engg polymer division of PI Industries for Rs 70 crore
Singhi advisors sole advisor to transaction
Other stocks and sectors that are in news today:
Roche and Warner Chilcott have sued Sun Pharma for alleged patent infringement of Actonel – BS
Shiv Vani board meet on December 24 to consider and approve issuance of Optionally Convertible Debentures for an amount not exceeding Rs 2500 million for repayment of rupee debts and long term working capital requirements
Net4 India board meet on December 28 to discuss the potential acquisition of an Internet- related business / Company along with other matters.
Bhoruka Aluminium Hon'ble High Court of Karnataka has approved the scheme of Amalgamation of Bhoruka Agro Greens Limited (BAGL) with the Bhoruka Aluminium Limited (the Company) with effect from appointed date i.e. April 01, 2010.
REC approved a proposal for sale and transfer of 50,000 equity shares of Raichur Sholapur Transmission Company Limited (RSTCL), presently held by REC Transmission Projects Company Limited (RECTPCL) and its nominees, to Consortium of M/s Pate! Engineering Ltd, M/s. Simplex Infrastructure Ltd. & M/s. BS TransComm Ltd
Lanco Infratech said 1320 MW (2 x 660) Thermal Power Project (based on Super Critical Technology) being developed by LANCO Vidarbha Thermal Power Limited, a Subsidiary of the Company, in Maharashtra, has achieved Financial Closure. The project, estimated to cost Rs 6,936 crore, would be financed with a debt of Rs 5,549 crore and an equity of Rs 1,387 crore.
Aditya Birla Nuvo board approves allotment of 1.05 crore shares at Rs 541.19/share on account of warrant conversaion
India Infoline board meet on December 23 to consider the proposal for buy back of equity shares
Sumeet Industries board meet on December 22 to consider rights issue
F&O cues:

Total Nifty Futures up Rs 1,325 crore
Total Nifty Options up Rs 2,127 crore

Stock Futures net add 3.15 cr shrs in Open Int
Nifty Fut OI net add 11.6 lk shrs in Open Int in Dec+Jan
Nifty Futures prem at 14 pts versus 21 pts
Nifty Open Int PCR up at 1.27 from 1.26
Total Put add 21.19 lk shrs in Open Int
Total Calls add 9.7 lk shrs in Open Int
Highest Open Int O/S at 5800 Put, 5700 Put, 6000 Call
5800 Put has highest OI O/S in Jan series
Nifty 5900 Put add 9 lk shrs in Open Int
Nifty 6000 Call add 5.6 lk shrs in Open Int
Nifty Jan 5800 Put add 4.6 lk shrs in Open Int
Nifty 5900 Call add 4 lk shrs in Open Int
Nifty 5800 Put add 2.9 lk shrs in Open Int
Nifty Jan 5900 Put add 2.34 lk shrs in Open Int
Nifty 6200 Call shed 1.7 lk shrs in Open Int
Nifty 5800 Call shed 1.7 lk shrs in Open Int
FIIs in F&O on December 20
FIIs net buy Rs 142 cr in Index Futures
Index Futures Open Int up by 20,308 contracts
FIIs net buy Rs 342 cr in Index Options
Index Options Open Int up by 38,182 contracts
FIIs net buy Rs 308 cr in Stock Futures
Stock Futures Open Int up by 5,389 contracts
Market cues:

NSE F&O Open Int was up by Rs 3,452 crore at Rs 1.51 lakh
FIIs net sell USD 25 million in cash market

FIIs (MTD) net sell USD 323 million in cash market
FIIs (YTD) net buy USD 28.5 billion in cash market
Nifty rollover at 10%
As per provisional data of December 20, FIIs were net sellers of Rs 109 crore in cash market. FIIs were net buyers of Rs 779 crore in F&O market. DIIs were net buyers of Rs 139.5 crore in cash market.
US Markets:
The US markets ended mixed after a lackluster trading session. The S&P 500 and the Nasdaq hit new two year highs on thin gains amid a lack of economic news. The S&P 500 breached 1250 for the first time in intra-day trade since September 22, 2008.

Dow Jones Industrial Average was down 0.12% or 13.78 points at 11478.13. Nasdaq Composite was up 0.25% or 6.59 points at 2649.56. Standard & Poor's 500 was up 0.25% or 3.17 points at 1247.08.
In the currency space- the dollar gained as the euro struggled under fears of further ratings downgrades of debt-stricken euro zone countries and banks.

In commodities- oil prices rose for the second straight session lifted by strong gasoline futures ahead of expected holiday demand and also by cold weather, which supported heating oil futures.