Wednesday, February 9, 2011

9 Feb 2011 Morning Market Updates

9 Feb 2011 Morning Market Updates  08:59


Market will open negative on the worries of upcoming scams and possible Govt. uncertainties.Also rising crude oil prices because of Egypt problem will create more worries to financial markets. Into addition RBI will be more strict regarding inflation controlling measures.
Nifty next support would be at around 5185 and immediate resistance will be 5440.

Results today: ABG Shipyard, Bombay Rayon, BPCL, GMR Infra, Kalyani Forge, M&M, Nirma, Patni Computer, REC, United Breweries
CBI arrests DB Realty's Shahid Balwa



-Balwa arrested from Mumbai residence


-Arrests likely of executives of another realty company: Sources say






Deepak Parekh says


-Looking to divest part of unlisted investments by March


-Will look to sell individual non-core investments to PE players or to companies directly






Govt Sources to CNBC TV18 - Exclusive


-TRAI recommends new prices for 2G Spectrum


-Excess 2G spectrum to cost 7 companies Rs 16,235 crore


-Excess spectrum to cost BSNL Rs 7276 crore


-Excess 2G spectrum to cost Bharti Airtel Rs 4000 crore


-Excess spectrum to cost Idea Cellular Rs 1316 crore


-Excess spectrum to cost Vodafone Rs 1743 crore


-Excess spectrum to cost MTNL Rs 883 crore


-Excess spectrum to cost Aircel Rs 841 crore


-Excess spectrum to cost Reliance Communications Rs 70 crore






TRAI submits spectrum price recommendation to DoT


-New spectrum price effective April 1, 2010 onwards


-New spectrum price for balance period of license


-For license renewal, spectrum rate to be inflation indexed






PharmAsia News says


-Natco Pharma files Para IV patent challenge for Oseltamivir


PharmAsia alert:


-Gilead is the patent holder for Oseltamivir (Tamiflu)






Other stocks and sectors that are in news today:


-Audit firm alleges Reliance Communications of harassment, urges of urgent intervention (ET)


-Commerce Ministry to review FDI policy in the pharma sector - (BS)


-HDFC plans to sell its investments in unlisted companies to private equity companies


-Monnet Power plans to invest Rs 3300 crore for increasing power generation capacity of its plant built at Angul in Orissa (BS)


-JSW Energy joins the race for USD 2 billion Australian mine (BS)


-SC nod to Sesa Goa-Sesa Industries merger


-GAIL in talks with GVK, GMR to setup a five million (mtpa) liquefied LNG terminal costing around Rs 4000 crore (Mint)


-Cox & Kings close to overseas acquisition, has earmarked Rs 1052 crore for acquisitions (DNA)


-Hero Honda plans to buy 800 acres in Aurangabad in the estate of MIDC (HT)


-Listing of equity shares of Omkar Speciality Chemicals on February 10


-Listing of Sentinel Tea and Exports Limited pursuant to Scheme of Arrangement today


-Securities in F&O ban: Kingfisher, Orchid Chemical


-Novelis to go for expansion and debottlenecking plans across the globe will increase its recycling capacity by a thirs to 200,000 metric tonne pa (DNA)


F&O cues:

Total Nifty futures down Rs 179 crore, Options up Rs 3472 crore
Stock futures net add 66 lakh shares in Open Int

Nifty Fut OI add 11.5 lakh shares in Open Int; Nifty futures premium of 2 pts versus discount at 2 pts
Nifty OI PCR down 1.1 versus 1.15
Nifty Put add 14.6 lakh shares, Call add 46.4 lakh shares in OI
Highest OI outstanding at 5400 Put, 5400 call (from 5500 call), 5500 call (from 5700 call)
Nifty 5400 Call adds 23.2 lakh shares (43%) in OI; prem down from 102 to 55
Nifty 5100 Put add 14.9 lakh shares (33%) in OI, prem up from 21 to 30
Nifty 5300 Call add 11.8 lakh shares (85%) in OI, prem down from 161 to 99
Nifty 5000 Put add 4 lakh shares (15%) in OI, prem up from 8.5 to 16.7
Nifty 5400 Put shed 9.2 lakh shares (10%) in OI
Nifty 5500 Put shed 5.5 lakh shares (13%) in OI
Nifty 5600 Put shed 2.8 lakh shares (9%) in OI
FIIs in F&O on Feb 08
FIIs net sell Rs 485 crore in Index Futures; Open Int up by 43649 contracts
FIIs net sell Rs 214 crore in Index Options; Open Int up by 38110 contracts
FIIs net buy Rs 208 crore in Stock Futures; Open Int up by 13057 contracts

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