3 Feb 2011 Morning Market Updates 09:00
Market will open flat as SGX Nifty is down by 2 points whereas Nikkei trading positive. Japanese stocks give back some recent gains, but Australian insurers rise on relief that damage from Cyclone Yasi appears to be far less than feared. Hong Kong, Shanghai, Seoul, others closed as Lunar New Year.Nifty important support at 5410 and 5350 levels.
Oil prices rose on Wednesday as worries persisted that upheaval in Egypt could spread across the Middle East and North Africa, source of a third of the world's supply of crude.
Prices had lost some steam earlier after the dollar rebounded as nervous investors sought a safe haven and as data showed US crude stockpiles rose for a third straight week.
To attract foreign manufacturers to invest in India, a group of ministers is considering a proposal to raise Foreign Direct Investment limit in the defence sector to 49% from the current 26%.
Stock to Watch : Bel
Results Today: Ambuja Cement, ACC, Cummins India, IRCON Intl, Motherson Sumi, Whirlpool
Ashok Leyland:
-January total sales at 7,711 units versus 7,871 units (YoY)
-January exports at 831 units versus 411 units (YoY)
SEBI bars 39 entities from accessing capital markets
-Banned entities belong to Pabari-Parikh,Walmiki Shah Grp
SEBI says
-39 entities manipulated volumes, prices in illiquid stocks
-Stocks include LGS, Spectacle, Goldstone, Gemstone, Well Pack
Oil Secretary :
-High crude prices to adversely impact oil cos
-No disruption in crude supply from Iran
-Solution to Iran oil payment issue likely in few days
-In talks with Russia for further co-op in oil, gas operations
-Delta Corp : Casino operations at Casino Royale have resumed. The administrative tribunal has issued an ad interim stay against home department order on Delta Corp’ appeal.
-HUL aims to double turnover to Rs 50,000 crore in the span of next four years (ET)
-MLL to invest Rs 250 crore to develop coal mine in Indonesia to increase its presence in the mining industry (ET)
-Unitech promoters repaid debt of Rs 89 crore to the investors from whom they had borrowed about Rs 250 crore by pledging their shares (BS)
-Tata Steel to raise Rs 2290 crore by issuing perpetual bonds (BS)
-Cement companies may hike cement prices by Rs 5-10 per bag due to rising raw material prices (BS)
-SAIL in the process of expanding its dealership network to increase its domestic sales and the steel usage (FE)
-HCC bags Rs 345 crore EPC order from Gujarat Government’s undertaking Sardar Sarovar Narmada Nigam for construction of a 57 km canal (FE)
-NALCO has hiked its aluminium prices by nearly 5% or Rs 6000 to around Rs 1,21,000 a tonne in sync with the rising global prices (FE)
-BHEL is planning to enter into manufacturing of the high end (CFBC) boilers & looking for a technology partner (FE)
-Bajaj Hindusthan borrowed a Rs 400 crore via a loan to refinance its maturing debt (Mint)
-Natco Pharma likely to take on German Healthcare giant Bayer AG (DNA)
-Alok Industries to setup a new unit at Silvassa for an estimated cost of Rs 1000 crore (BL)
-Nitco has bought a 100 acre land costing Rs 500 crore plans to build luxurious villas in Alibaug (HT)
-CalSoft has signed a Master Agreement with the buyer ALTEN EUROPE, SARL for the sale of the outsourced Product Development Business of Calsoft for Rs. 100 Crores
-Tecpro Systems receives coal handling plant packages worth Rs 208.6 crore from Lanco Infratech
-M&M promoter stake has fallen to a low of 22.76% below the crucial level of 26% mark preferred by most of the promoters (DNA)
-Maxx mobile plans to raise Rs 800 crore through IPO in the next nine months (TOI)
-IOC says time not right to further hike petrol prices.
F&O cues:
Total Nifty futures down Rs 104 crore, Options up Rs 2316 crore
Stock futures net shed 72 lakh shares in Open Int
Nifty Fut Open Int net shed 1.2 lakh shares in Open Int; Nifty futures prem at 10 pts Vs 12 pts
Nifty Open Int PCR unchanged at 1.15
Nifty Put add 21.7 lakh shares, Call add 16.7 lakh shares in Open Int
Highest Open Int outstanding at 5400 Put, 5500 Put, 5700 call
Nifty 5700 Call adds 8.3 lakh shares (16%) in Open Int; prem down from 29.5 to 21
Nifty 5500 Call add 6.5 lakh shares (12%) in Open Int, prem down from 98 to 78
Nifty Mar 4800 Put adds 4.2 lakh shares (81%) in Open Int
Nifty 5600 Call adds 3.5 lakh shares (8%) in Open Int
Nifty Mar 5300 Put adds 3.2 lakh shares (19%) in Open Int
Nifty 5200 Put adds 2.6 lakh shares (6%) in Open Int
Nifty 5900 Call shed 4.2 lakh shares (9%) in Open Int
Nifty 5700 Put shed 2.55 lakh shares (12%) in Open Int
FIIs in F&O on Feb 02
FIIs net buy Rs 963 crore in Index Futures; Open Int down by 27960 contracts
FIIs net buy Rs 272 crore in Index Options; Open Int up by 47531 contracts
FIIs net buy Rs 575 crore in Index Options; Open Int down by 452 contracts
US Markets :
The Dow Jones Industrial Average inched up in choppy trading to claim its fifth gain in six sessions, as investors paused following a strong run-up and fresh uncertainty in Egypt.
Market will open flat as SGX Nifty is down by 2 points whereas Nikkei trading positive. Japanese stocks give back some recent gains, but Australian insurers rise on relief that damage from Cyclone Yasi appears to be far less than feared. Hong Kong, Shanghai, Seoul, others closed as Lunar New Year.Nifty important support at 5410 and 5350 levels.
Oil prices rose on Wednesday as worries persisted that upheaval in Egypt could spread across the Middle East and North Africa, source of a third of the world's supply of crude.
Prices had lost some steam earlier after the dollar rebounded as nervous investors sought a safe haven and as data showed US crude stockpiles rose for a third straight week.
To attract foreign manufacturers to invest in India, a group of ministers is considering a proposal to raise Foreign Direct Investment limit in the defence sector to 49% from the current 26%.
Stock to Watch : Bel
Results Today: Ambuja Cement, ACC, Cummins India, IRCON Intl, Motherson Sumi, Whirlpool
Ashok Leyland:
-January total sales at 7,711 units versus 7,871 units (YoY)
-January exports at 831 units versus 411 units (YoY)
SEBI bars 39 entities from accessing capital markets
-Banned entities belong to Pabari-Parikh,Walmiki Shah Grp
SEBI says
-39 entities manipulated volumes, prices in illiquid stocks
-Stocks include LGS, Spectacle, Goldstone, Gemstone, Well Pack
Oil Secretary :
-High crude prices to adversely impact oil cos
-No disruption in crude supply from Iran
-Solution to Iran oil payment issue likely in few days
-In talks with Russia for further co-op in oil, gas operations
-Delta Corp : Casino operations at Casino Royale have resumed. The administrative tribunal has issued an ad interim stay against home department order on Delta Corp’ appeal.
-HUL aims to double turnover to Rs 50,000 crore in the span of next four years (ET)
-MLL to invest Rs 250 crore to develop coal mine in Indonesia to increase its presence in the mining industry (ET)
-Unitech promoters repaid debt of Rs 89 crore to the investors from whom they had borrowed about Rs 250 crore by pledging their shares (BS)
-Tata Steel to raise Rs 2290 crore by issuing perpetual bonds (BS)
-Cement companies may hike cement prices by Rs 5-10 per bag due to rising raw material prices (BS)
-SAIL in the process of expanding its dealership network to increase its domestic sales and the steel usage (FE)
-HCC bags Rs 345 crore EPC order from Gujarat Government’s undertaking Sardar Sarovar Narmada Nigam for construction of a 57 km canal (FE)
-NALCO has hiked its aluminium prices by nearly 5% or Rs 6000 to around Rs 1,21,000 a tonne in sync with the rising global prices (FE)
-BHEL is planning to enter into manufacturing of the high end (CFBC) boilers & looking for a technology partner (FE)
-Bajaj Hindusthan borrowed a Rs 400 crore via a loan to refinance its maturing debt (Mint)
-Natco Pharma likely to take on German Healthcare giant Bayer AG (DNA)
-Alok Industries to setup a new unit at Silvassa for an estimated cost of Rs 1000 crore (BL)
-Nitco has bought a 100 acre land costing Rs 500 crore plans to build luxurious villas in Alibaug (HT)
-CalSoft has signed a Master Agreement with the buyer ALTEN EUROPE, SARL for the sale of the outsourced Product Development Business of Calsoft for Rs. 100 Crores
-Tecpro Systems receives coal handling plant packages worth Rs 208.6 crore from Lanco Infratech
-M&M promoter stake has fallen to a low of 22.76% below the crucial level of 26% mark preferred by most of the promoters (DNA)
-Maxx mobile plans to raise Rs 800 crore through IPO in the next nine months (TOI)
-IOC says time not right to further hike petrol prices.
F&O cues:
Total Nifty futures down Rs 104 crore, Options up Rs 2316 crore
Stock futures net shed 72 lakh shares in Open Int
Nifty Fut Open Int net shed 1.2 lakh shares in Open Int; Nifty futures prem at 10 pts Vs 12 pts
Nifty Open Int PCR unchanged at 1.15
Nifty Put add 21.7 lakh shares, Call add 16.7 lakh shares in Open Int
Highest Open Int outstanding at 5400 Put, 5500 Put, 5700 call
Nifty 5700 Call adds 8.3 lakh shares (16%) in Open Int; prem down from 29.5 to 21
Nifty 5500 Call add 6.5 lakh shares (12%) in Open Int, prem down from 98 to 78
Nifty Mar 4800 Put adds 4.2 lakh shares (81%) in Open Int
Nifty 5600 Call adds 3.5 lakh shares (8%) in Open Int
Nifty Mar 5300 Put adds 3.2 lakh shares (19%) in Open Int
Nifty 5200 Put adds 2.6 lakh shares (6%) in Open Int
Nifty 5900 Call shed 4.2 lakh shares (9%) in Open Int
Nifty 5700 Put shed 2.55 lakh shares (12%) in Open Int
FIIs in F&O on Feb 02
FIIs net buy Rs 963 crore in Index Futures; Open Int down by 27960 contracts
FIIs net buy Rs 272 crore in Index Options; Open Int up by 47531 contracts
FIIs net buy Rs 575 crore in Index Options; Open Int down by 452 contracts
US Markets :
The Dow Jones Industrial Average inched up in choppy trading to claim its fifth gain in six sessions, as investors paused following a strong run-up and fresh uncertainty in Egypt.
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