1st Feb 2011 Morning Market Updates 09:09
Market will open positive continued with yesterday's recovery mode. Nifty immediate resistance will be at 5550 and support will be at 5460 and 5410. FIIs outflow is a reason to worry.
Results Today: Glenmark, NMDC, Syndicate Bank, HEG, Gati, Vijay Shanti Builders
Unitech moves court to stop pledged share sale held against debt raised by promoter entities
Delhi HC
-Gives Unitech promoters get ex parte interim stay on share sale
-Restricts Axis Trustee services from selling Unitech shares
-Passes injunction order on January 30, 2011
-Axis Trustee wrote to Unitech Promoters on January 28, 2011
-Axis Trustee informed it will sell shares on January 31
-Unitech promoters undertakes to pre-pay entire debenture amount
Oil Minister confirms Rs 8,000 crore subsidy for oil companies
-May seek more compensation for FY11 revenue losses
-Oil cos to absorb Rs 10,000 crore revenue loss in Apr-December
-Oil cos' October-December gross revenue loss at Rs 15,500 crore
-Oil cos' April-December gross revenue loss at Rs 47,000 crore
-Upstream companies to share Rs 15,000 crore subsidy in April-December
Empowered committee to take a call on SAIL's merchant bankers in 1-2 days
-SAIL's FPO likely this fiscal
Ex-Dividend
-VIP: Ex dividend by Rs 3
-HOV: Ex dividend by Rs 2
-IPCA Labs: Ex dividend by Re 1
-CAG raised questions on the govt’s move to allow RIL to increase its expenditure in developing the D-6 field by over USD 6 billion reducing state’s revenue (ET)
-Central Bank of India says have filed with Sebi for rights issue
-Allahabad Bank hikes BPLR by 25 bps to 13.5% & base rate by 50 bps to 9.5%
-PNB to hike base rate by 50 bps to 9.5%; BPLR by 50 bps to 13% and raise rates on some deposits by 25-100 bps
-PSU oil cos to hike ATF prices by 4.5% effective Tuesday: PTI
-Essar drops plans to inject part of its 33% stake in Vodafone Essar into a listed shell company India Securities after objections raised by Vodafone (ET)
-DB Realty in the process of selling 10% stake for Rs 450 crore in its Bandra Govt Colony project to private equity firm Starwood Capital (ET)
-Godrej Properties started development of 35 acres of land at Vikhroli suburb of Mumbai and will spend up to Rs 1500 crore (ET)
-Cairn India rejects ONGC’s demand to involve government to settle the disputes over the royalty payments (ET)
-Phillips Carbon Black in race to acquire carbon black division of Germany’s Evonik Industries for USD 1.2 billion
-PFC plans Rs 5300 crore infrastructure bond issue to hit the market in February (FE)
-JSW Steel in talks to buy 9 million iron ore from Sesa Goa’s Karnataka mines will be spread equally over three years & priced lower than the export rates (DNA)
-BOC India delisting offer fails, got 40 lakh shares in offer vs required 45 lakh shares to delist the company
-Bank of India board meet today to consider raising equity shares capital of the Bank.
F&O cues:
Total Nifty futures up Rs 817 crore, Options up Rs 5194 crore
Stock futures net add 2.98 cr shares in Open Int
Nifty Fut Open Int net add 3.8 lakh shares in OI; Nifty futures prem at 18 pts Vs 25 prem
Nifty Open Int PCR down at 1.27 versus 1.31
Nifty Put add 38 lakh shares, Call add 45 lakh shares in Open Int
Highest Open Int outstanding at 5400 Put, 5500 Put, 5800 call
Nifty 5500 Call adds 11.6 lakh shares in Open Int; prem up from 119 to 130
Nifty 5400 Put adds 8.2 lakh shares in Open Int; prem down from 95 to 75
Nifty 5800 Call adds 7 lakh shares in Open Int
Nifty 5900 Call adds 6.7 lakh shares in Open Int
Nifty 5300 Put adds 6 lakh shares in Open Int
Nifty 5700 Call adds 5.6 lakh shares in Open Int
Nifty 5200 Put adds 5.6 lakh shares in Open Int
Nifty 5100 Put adds 4.7 lakh shares in Open Int
FIIs in F&O on Jan 31
FIIs were net sellers to the tune of Rs 480 crore in Index Futures; which OI was up by 4501 contracts. They were net sellers of Rs 280 crore in Stock Futures; which OI was up by 18344 contracts.
However, FIIs were net buyers of Rs 891 crore in Index Options; which OI was up by 96935 contracts. Stock Futures added 2.98 crore shares in open interest (OI).
Nifty OI PCR was down at 1.27 versus 1.31. Nifty 5500 Call added 11.6 lakh shares in OI while Nifty 5400 Put added 8.2 lakh shares in Open Interest.
Delivery based selling and fresh shorts were seen in Unitech, Jet Airways and Jain Irrigation. Unitech tumbled 5.9%; its OI was up by 10% and delivery volume jumped at 85 lakh shares versus 47 lakh.
Jet Airways fell 5.3%; its OI was up by 4%. Delivery volume increased to 4.2 equity shares versus 1 lakh shares. Jain Irrigation plunged 10%; its OI was up by 44% and delivery volume went up at 10.2 equity shares versus 6.6 lakh.
Short covering was seen in Lanco Infra. The stock gained 5.5%; its OI was down by 6% and delivery volume declined at 23 lakh equity shares versus 49 lakh shares.
Speculative buying and fresh longs were seen in Canara Bank. The stock shot up 8.4%; its OI was up by 11%.
FIIs net sell Rs 480 crore in Index Futures; OI up by 4501 contracts
FIIs net buy Rs 891 crore in Index Options; OI up by 96935 contracts
FIIs net sell Rs 280 crore in Stock Futures; OI up by 18344 contracts.
Market will open positive continued with yesterday's recovery mode. Nifty immediate resistance will be at 5550 and support will be at 5460 and 5410. FIIs outflow is a reason to worry.
Results Today: Glenmark, NMDC, Syndicate Bank, HEG, Gati, Vijay Shanti Builders
Unitech moves court to stop pledged share sale held against debt raised by promoter entities
Delhi HC
-Gives Unitech promoters get ex parte interim stay on share sale
-Restricts Axis Trustee services from selling Unitech shares
-Passes injunction order on January 30, 2011
-Axis Trustee wrote to Unitech Promoters on January 28, 2011
-Axis Trustee informed it will sell shares on January 31
-Unitech promoters undertakes to pre-pay entire debenture amount
Oil Minister confirms Rs 8,000 crore subsidy for oil companies
-May seek more compensation for FY11 revenue losses
-Oil cos to absorb Rs 10,000 crore revenue loss in Apr-December
-Oil cos' October-December gross revenue loss at Rs 15,500 crore
-Oil cos' April-December gross revenue loss at Rs 47,000 crore
-Upstream companies to share Rs 15,000 crore subsidy in April-December
Empowered committee to take a call on SAIL's merchant bankers in 1-2 days
-SAIL's FPO likely this fiscal
Ex-Dividend
-VIP: Ex dividend by Rs 3
-HOV: Ex dividend by Rs 2
-IPCA Labs: Ex dividend by Re 1
-CAG raised questions on the govt’s move to allow RIL to increase its expenditure in developing the D-6 field by over USD 6 billion reducing state’s revenue (ET)
-Central Bank of India says have filed with Sebi for rights issue
-Allahabad Bank hikes BPLR by 25 bps to 13.5% & base rate by 50 bps to 9.5%
-PNB to hike base rate by 50 bps to 9.5%; BPLR by 50 bps to 13% and raise rates on some deposits by 25-100 bps
-PSU oil cos to hike ATF prices by 4.5% effective Tuesday: PTI
-Essar drops plans to inject part of its 33% stake in Vodafone Essar into a listed shell company India Securities after objections raised by Vodafone (ET)
-DB Realty in the process of selling 10% stake for Rs 450 crore in its Bandra Govt Colony project to private equity firm Starwood Capital (ET)
-Godrej Properties started development of 35 acres of land at Vikhroli suburb of Mumbai and will spend up to Rs 1500 crore (ET)
-Cairn India rejects ONGC’s demand to involve government to settle the disputes over the royalty payments (ET)
-Phillips Carbon Black in race to acquire carbon black division of Germany’s Evonik Industries for USD 1.2 billion
-PFC plans Rs 5300 crore infrastructure bond issue to hit the market in February (FE)
-JSW Steel in talks to buy 9 million iron ore from Sesa Goa’s Karnataka mines will be spread equally over three years & priced lower than the export rates (DNA)
-BOC India delisting offer fails, got 40 lakh shares in offer vs required 45 lakh shares to delist the company
-Bank of India board meet today to consider raising equity shares capital of the Bank.
F&O cues:
Total Nifty futures up Rs 817 crore, Options up Rs 5194 crore
Stock futures net add 2.98 cr shares in Open Int
Nifty Fut Open Int net add 3.8 lakh shares in OI; Nifty futures prem at 18 pts Vs 25 prem
Nifty Open Int PCR down at 1.27 versus 1.31
Nifty Put add 38 lakh shares, Call add 45 lakh shares in Open Int
Highest Open Int outstanding at 5400 Put, 5500 Put, 5800 call
Nifty 5500 Call adds 11.6 lakh shares in Open Int; prem up from 119 to 130
Nifty 5400 Put adds 8.2 lakh shares in Open Int; prem down from 95 to 75
Nifty 5800 Call adds 7 lakh shares in Open Int
Nifty 5900 Call adds 6.7 lakh shares in Open Int
Nifty 5300 Put adds 6 lakh shares in Open Int
Nifty 5700 Call adds 5.6 lakh shares in Open Int
Nifty 5200 Put adds 5.6 lakh shares in Open Int
Nifty 5100 Put adds 4.7 lakh shares in Open Int
FIIs in F&O on Jan 31
FIIs were net sellers to the tune of Rs 480 crore in Index Futures; which OI was up by 4501 contracts. They were net sellers of Rs 280 crore in Stock Futures; which OI was up by 18344 contracts.
However, FIIs were net buyers of Rs 891 crore in Index Options; which OI was up by 96935 contracts. Stock Futures added 2.98 crore shares in open interest (OI).
Nifty OI PCR was down at 1.27 versus 1.31. Nifty 5500 Call added 11.6 lakh shares in OI while Nifty 5400 Put added 8.2 lakh shares in Open Interest.
Delivery based selling and fresh shorts were seen in Unitech, Jet Airways and Jain Irrigation. Unitech tumbled 5.9%; its OI was up by 10% and delivery volume jumped at 85 lakh shares versus 47 lakh.
Jet Airways fell 5.3%; its OI was up by 4%. Delivery volume increased to 4.2 equity shares versus 1 lakh shares. Jain Irrigation plunged 10%; its OI was up by 44% and delivery volume went up at 10.2 equity shares versus 6.6 lakh.
Short covering was seen in Lanco Infra. The stock gained 5.5%; its OI was down by 6% and delivery volume declined at 23 lakh equity shares versus 49 lakh shares.
Speculative buying and fresh longs were seen in Canara Bank. The stock shot up 8.4%; its OI was up by 11%.
FIIs net sell Rs 480 crore in Index Futures; OI up by 4501 contracts
FIIs net buy Rs 891 crore in Index Options; OI up by 96935 contracts
FIIs net sell Rs 280 crore in Stock Futures; OI up by 18344 contracts.
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