8th July Morning Market Update

8th July Morning Market Update


Stock in news:

Results today: IndusInd Bank , HDFC

Punj Lloyd -To withdraw provision of additional financial support to indirect subsidiary Simon Carves due to prevailing market conditions and the financial condition of Simon Carves.
-Simon Carves likely to be placed in administration

SBI 
-To hike base rate by 25 bps to 9.5% from July 11
-SBI to hike some deposits by up to 100 bps effective Jul 11

GoM on mines-Coal mining cos to share 26% profit with locals
-MMDR Bill likely in monsoon session
-GoM decision on MMDR bill to go to cabinet

Jairam Ramesh Says-Non-coal miners to share 100% royalty with locals
-Coal miners to share 26% profit with locals

Chennai police summons Sun TV CFO Unnikrishnan
Sun TV CFO -Asked to produce financial details of Sun Pictures
-To be questioned on financial transactions of Sun Pictures
-To be quizzed on alleged non-payment of Rs 83 lakh to producer

Temasek says -So far invested upwards of USD 5 billion in India
-7-8% of global portfolio invested in India
-Looked at MFI segment in FY10; saw early cracks
-Invested over USD 700 million in India in FY11
-Divested nearly USD 500-600 million of India portfolio in FY11
-Continues to stay invested in Tata Tele, Bharti Airtel
-Bullish on broad financial sector - invested in NSE, Max
-Looking at infra, ports, power, healthcare services sector
-Lot more active in public market, invested in Coal India, EIL
-Real estate sector marred with governance issues

D Maran: Sources-D Maran to be questioned by CBI before FIR is registered
-CBI to take D Maran's version on Sivasankaran's allegations
-CBI may question Kalanithi Maran in connection W/2G probe

Other stocks and sectors that are in news today:-Ex Dividend: VST Industries Rs 45/sh,  HUL final dividend Rs 3.5/sh, Pfizer final dividend Rs 4/sh,Tata Elxsi Rs 7/sh 
-Board meets today: Nitin Fire Protection to consider fund raising via QIP, rights issue, FCCBs, GDRs 
-F&O Ban: Kingfisher Airlines 
- Varun Industries to further issue 70 lakh equity shares on conversion of warrants at Rs 43.20/share
-GoM approves Draft Mines & Minerals Development & Regulation Bill (MMDR Bill)
- Neuland Lab board approves the rights issue of shares not exceeding Rs 12 crore
- Adani Power board approved amalgamation of Growmore trade & Investment Pvt Ltd Mauritius with self 
- Peninsula Land to jointly develop 300-acre Thane plot, to get around 22% share of revenue (ET)
-RBI asks banks to reduce the pace of lending to the commercial real estate sector fearing an asset price bubble (BS)
- JSW Steel to halt expansion of Vijaynagar unit until it receives approval for captive iron ore mine in Karnataka (BS)
-NHAI has proposed that private companies developing expressways will have to buy land on their own could hit the feasibility of over 18000 km of expressway projects (FE)
-Fuel retailer’s losses set to halve in Q2 on the back of price hike & easing crude prices (FE)
-International Coal Ventures plans to acquire 24% stake in Singapore based MEC Coal faces fresh hurdles with NTPC against investing in a holding firm wants bank guarantee for payment (Mint)

F&O

Futures Open Int was up Rs 2162 crore and Options Open Int was up Rs 5442 crore

Nifty futures add 11 lk shares in Open Int

Nifty Open Int PCR at 1.34 vs 1.25

Nifty Puts add 68.5 lk shrs in Open Int

Nifty Calls add 20 lk shrs in Open Int

Nifty 5600 Put adds 18 lk shrs in Open Int

Nifty 5700 Put adds 18 lk shrs in Open Int

Nifty 5800 Put adds 14 lk shrs in Open Int

Nifty 5800 Call adds 13 lk shrs in Open Int

Nifty 5900 Call adds 9 lk shrs in Open Int

Nifty 6000 Call adds 5.6 lk shrs in Open In

NSE F&O Open Int was up by Rs 7604 crore at Rs 1.15 lakh crore

As per provisional data of July 7, FIIs were net buyers of Rs 869 cr in cash markets. DIIs were net sellers of Rs 161 cr in cash markets. FIIs were net buyers of Rs 1811 cr in F&O.