5th July 2011 Morning Market Updates

5th July 2011 Morning Market Updates 9:00

Flat Asian markets lead our market to open flat


Stock in news
RBI to allow firms on FCCB restructuring

-RBI says allow firms to restructure FCCBs
-Allows firms to sell new bonds to refinance existing notes
-Firms cannot change conversion price during restructuring

AMFI data-MF industry AUMs up 6% to Rs 7.43 lakh crore (QoQ)
-HDFC MF AUMs up 6.7% to Rs 92,033 crore (QoQ)
-ICICI Pru MF AUMs up 8.6% to Rs 79,760 crore (QoQ)
-SBI MF AUMs up 15% to Rs 47,874 crore (QoQ)
-Reliance MF AUMs down by Rs 317 crore to Rs 1.01 lakh crore (QoQ)

Other stocks and sectors that are in news today:
-Viom, GTL Infrastructure explore merger options – BS (Tata’s hold 53%, SREI promoters hold 27% in Viom)
- Escorts plans to list its verticals Escort Constructions and Railway and auto comp biz in future – TOI
-Cabinet likely to approve 5% disinvestment in BHEL - (BS)
- R-Power , Essel Mining & RPG group in race to acquire Australian coal mining firm MetroCoal for about USD 600-700 million - ET
- Essar Port board approved fund raising via FCCB/ADR/GDR of upto USD 500 million
- Punjab & Sind Bank requests Govt to infuse additional capital of Rs 990 crore via preferential allotment
-Binani Group plans to relist Binani Zinc in two years. Also looking to rope in a strategic investor for cement (DNA)
-SC to hear Vedanta's Niyamgiri mining case on July 20
-SC nod to sell a part of 774 acres of VSNL land
- Page Industries in agreement with Speedo International to manufacture & distribute Speedo products in India
- Sarda Plywood Industries has allotted 4.35 lakh convertible warrants at Rs 34.36/sh to promoter group on preferential basis
- Softbpo Global to allot 37.5 lakh equity shares at Rs 55/sh on rights issue in the ratio of 5:1
-Bhartiya Global Infomedia IPO of 67 lakh shares with a price band of Rs 75-82/sh opens on July 11
-Ex dividend: TTK Prestige Rs 12/sh
-Board meets today: ECE Industries to consider buy back (CMP: 121.90)

F&O:

NSE F&O Open Int was up by Rs 6172 crore at Rs 1.02 lakh crore

As per provisional data of July 4, FIIs were net buyers of Rs 1132 cr in cash markets. DIIs were net sellers of Rs 369 cr in cash markets. FIIs were net buyers of Rs 1565 cr in F&O.

Futures Open Int was up Rs 1532 crore and Futures Options Open Int was up Rs 4640 crore

Nifty Futures add 10 lakh shares in Open Int

Nifty Futures add 10 lakh shares at 15-point premium

Nifty Open Int PCR at 1.25 versus 1.23

Nifty Puts add 43 lakh shares in Open Int

Nifty Calls add 29 lakh shares in Open Int

Nifty 5600 Put adds 12 lakh shares in Open Int

Nifty 5500 Put adds 11 lakh shares in Open Int

Nifty 5700 Call adds 8 lakh shares in Open Int

Nifty 5800 Call adds 7 lakh shares in Open Int

Stock futures add 2.3 cr shares in Open Int

FIIs in F&O on July 4

Net buy Rs 731 cr in Nifty Futures, Nifty Futures Open Int up 20,487 contracts

Net buy Rs 1023 cr in Nifty Options, Nifty Options Open Int up 46,942 contracts

Net sell Rs 160 cr in Stock Futures, Stock Futures Open Int up 10,238 contracts