12 Jan 2011 Morning Market Updates

12 Jan 2011 Morning Market Updates  09:08

Today market may open positive but seems to be volatile as Nov IIP numbers will be announced today.
Nifty major support at 5720 on closing basis.


Tata Steel board approved FPO of 5.7 crore shares; will raise Rs 3700 crore at CMP – promoter holding will come down by 2%

Tata Steel says
Group-wide steel volume declined marginally in Q3
-Net sales for Q3 will be flat as compared to Q2FY11
-Operating results to decline in Q3 versus Q2FY11
-Operation results decline due to rise in raw material prices in Q3
TDSAT asks Uninor to pay 60% of penalty to DoT

-TDSAT to enters Uninor's petition for hearing
-DoT to respond within 2 weeks
-Uninor appealed against penalty in 10 circles
-Uninor has paid fine of around Rs 13 crore for 4 circles
Telecom Secretary says
-DoT may send cancellation notices for rollout delay
-DoT to ask old operators to pay for delaying rollout
-Existing telcos yet to pay Rs 135 crore as liquidated damages
Telecom Secretary says
-Penalty maybe levied on Bharti Airtel, Reliance Communications & Aircel
-Bharti Airtel faces a penalty of Rs 31 crore
Pfizer Q4
-Net profit at Rs 43.6 crore versus Rs 25.4 crore (YoY)
-Net sales Rs 236 crore versus Rs 195 crore (YoY)
Other stocks and sectors that are in news today:
-Shekhawati Poly-Yarn listing today, raised Rs 36 crore at @ Rs 30 - constituted 54.54% of the fully diluted post-issue capital
-Securities in F&O ban: Kingfisher Airlines, Orchid Chemical
-Wyeth interim dividend at Rs 15/share (CMP at Rs 813))
-Prajay Engg alloted 1.09 crore shares upon conversion of warrants
-IL&FS Network (ITNL), Ramky Infra consortium bags Rs 1760 crore order in 50:50 JV
-Zee Entertainment board meet on January 14 to consider a proposal for amalgamation of 2 wholly-owned overseas subs with company along with results
-Valecha Eng bags orders worth Rs 194.5 crore
-Rama Phosphates discharged from the purview of SICA / BIFR
-Talwalkar Fitness makes additional investment in the equity shares of M/s Aspire Fitness Private Limited and M/s. Denovo Enterprises Pvt ltd
-Religare Enterprise: IRDA accepted requisition for registration application Form IRDA of Religare Health Insurance
-Shoppers Stop: Ex split 2:1
-Apollo Tyres signed a MOU with TN Government to hike its investment in a new plant at Oragadam near Chennai from Rs 1650 crore to Rs 2100 crore (ET)
-L&T Power expects its sales jump to USD 3 billion from USD 400 million by 2015 (ET)
-Allahabad Bank to raise Rs 2600 crore in tier two capital to meet the growing need for funds as credit demand has overtook deposit growth (ET)
-Tata Communications to acquire BitGravity a California based content delivery network (CDN) (BS)
-Jyothy Labs is in talks with private equity firms to raise close to Rs 100-150 crore for its laundry business in its 75% subsidiary JFSL (FE)
-Lanco Infratech raises Rs 1827 crore in debt and Rs 783 crore for the expansion of its project (Mint)


F&O cues:

Total Nifty futures down Rs 1014 crore, Options up Rs 1099 crore
Stock futures net shed 1.56 cr shares in Open Int

Nifty Fut Open Int net shed 8.2 lakh (4%) shares in Open Int; Nifty futures prem up to 15 pts versus 4 pts
Nifty Open Int PCR down at 0.95 from 0.97
Nifty Put shed 2.3 lakh shares in Open Int, Call adds 17.7 shares in Open Int
Highest OI outstanding at 6200 call, 6100 Call, 5700 Put
Nifty 5700 Call adds 10.4 lakh shares in Open Int; prem down from 152 to 135
Nifty 5500 Put adds 7 lakh shares in Open Int; prem up from 32 to 36
Nifty 5800 Call add 4.8 lakh shares in Open Int
Nifty Feb 6200 call adds 4.7 lakh shares in Open Int
Nifty Feb 5200 Put adds 2.6 lakh shares in Open Int
Nifty Mar 5400 Put add 2.3 lakh shares in Open Int
Nifty 5800 Put sheds 9.6 lakh shares in Open Int
Nifty 6000 Put sheds 9.4 lakh shares in Open Int
Nifty 6100 Call sheds 6 lakh shares in Open Int
FIIs in F&O on Jan 11
FIIs net buy Rs 475 crore in Index Futures; Open Int down 12486 contracts
FIIs net buy Rs 118 cr in Index Options; Open Int up 27215 contracts
FIIs net buy Rs 471 cr in Stock Futures; Open Int down 9001 contracts

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