6th July 2011 Morning Market Updates

6th July 2011 Morning Market Updates 8:50


Stock in news:

DGH - Exclusive govt sources-DGH says no back door exploration in Cairn Raj block 
-Cairn Energy operates RJ-ON-90/1 block
-Additional 1,708 sq kms area granted to Cairn India
-CAG report critical of additional area grant
-License for RJ-ON-90/1 block always with ONGC
-Panna Mukta & Tapti told to share information with CAG
-Will consider correctives after CAG final report

RIL - Sources from WSJ-Mukesh Ambani looking to sell Reliance Gas Transportation Infra
-Reliance Gas Transportation Infra involved in gas transportation
-RIL spokesperson declines to comment

Analjit Singh -May be appointed Chairman, Vodafone India
-Analjit Singh may pick up further 1.53% stake in Vodafone India

TDSAT -Restrains DoT from Rs 250 crore penalty on Idea -TDSAT order says demand of Rs 250 crore against Idea-Spice overlapping license
-Idea had been penalised for 5 overlapping Licenses

BT says -Expect to remain invested in Tech Mahindra for some time
-BT holds 24.4% stake in Tech Mahindra
-May sell stake in Tech Mahindra in future

Environment Ministry denies clearance to Gujarat Mineral Morga-II Coal MineEnvironment Minister
-Gujarat Mineral's Morga-II In no-go area
- KSK Energy identified Morga-II coal substitute
-KSK Energy, Gujarat Mineral in Morga-II coal supply pact

Tamil Nadu Court says 
-Sun Pictures COO H Saxena sent to 2-day police custody
-Bail plea to be heard after police custody over

Other stocks and sectors that are in news today:-Ex Dividend: Canara Bank Rs 11/sh 
-F&O Ban: Kingfisher Airlines 
- Muthoot Capital Services approves rights issue of 65 lakh shares at Rs 80/share 
- Godrej Consumers , Hershey’s call off India JV, US major to sell its 51% stake in JV to Godrej – ET
- JSPL gets additional 5% stake in Rocklands via open offer, ups stake in Australian company to 19.39% - BS 
- Indian Hotels Sea Rock project into environment trouble, may take atleast a year to get all necessary approvals - BS 
- ECE Industries board approves buy back 8.4% equity at maximum Rs 145/share ((CMP: 126))
-SC scraps US order canceling plot allotments to hotel majors like ITC , Indian Hotels – FE 
- Circuit Systems open offer at Rs 14.75/sh

F&O

Futures Open Int up Rs 481 cr and Options Open Int up Rs 2469 cr

Nifty Futures shed 2 lk shrs in Open Int,

Nifty Futures at 19-point premium

Nifty Open Int PCR unchanged at 1.25

Nifty Puts add 18 lakh shares,

Nifty Calls add 16 lakh shares in Open Int

Nifty 5500 Put adds 7 lakh shares in Open Int

Nifty 5700 Call adds 4 lakh shares in Open Int

Nifty 5800 Call adds 3.6 lakh shares in Open Int

Global markets positive

Brent Crude rallies towards $114/bbl

NSE F&O Open Int was up Rs 2950 crore at Rs 1.05 lakh crore

As per provisional data of July 5, FIIs were net buyers of Rs 826 cr in cash markets. DIIs were net sellers of Rs 898 cr in cash mkts. FIIs were net sellers of Rs 574 cr in F&O.