Wednesday, August 17, 2011

17th August, 2011 Morning Market Updates

17th August, 2011 Morning Market Updates 8:45
Stock in news

Results Today: HCL Infosystems, KDL Biotech
Tata Motors 
-July global sales down 6% at 85,392 units (YoY)
-July global CV sales up 16% at 47,238 units (YoY)
-July global passenger vehicles down 24% at 38,154 units (YoY)
CCI on DLF 
-DLF to cease imposing unfair terms on buyers in Gurgaon
-DLF fined Rs 630 crore by CCI for abusing dominant position
Man Industries promoters exploring possibility of amicable settlement
-More clarity on possible settlement in 1-2 weeks
-JC Mansukhani had moved CLB Mumbai on suspension by company
State Bank of Bikaner and Jaipur ups base rate by 50 bps to 10.25%
-State Bank of Bikaner and Jaipur ups BPLR by 25 bps to 15%
Other stocks and sectors that are in news today:-Listing of Indiabulls Wholesale Services pursuant to scheme of arrangement w.e.f August 18 
-Oil marketing companies rule out cut in petrol price for now (ET)
-Govt allows Reliance Life Insurance to sell 26% stake to Japan based Nippon Life insurance but asks IRDA to frame a common policy before approving the deal (ET)
- Emami set to complete its Rs 1000 crore acquisition in three months also in final stages of talks with companies in India & abroad including personal care business of Paras Healthcare for acquisition (ET)
- SRS Ltd IPO of 3.5 crore equity shares with a price band of Rs 58-65/sh opens on August 23 
- Mahindra Satyam bags a contract from IRDA for an integrated surveyor licensing management system for around Rs 40 crore (FE)
-Jaypee Cement & Shree Cement are among 10 cement companies likely to be probed for suspect cartelization (BL)
- HPCL exploring overseas acquisitions & plans to invest Rs 3000 crore towards exploration & production efforts through Prize petroleum co (Mint)
- Jubilant Lifesciences signs a long term supply agreement in proprietary products business with an International life sciences co valued at over USD 80 million for three years
-Ex Dividend: L&T Rs 14.5/sh, GAIL Rs 5.5/sh, BASF India Rs 8/sh, JBF Ind Rs 8/sh
-F&O ban: Deccan Chronicle, Gitanjali Gems, KS Oils, Suzlon
-Ex Stock split: PI Industries from Rs 10/sh to Rs 5/sh
- Nissan Copper board to consider reverse stock split of shares
- Winsome Yarns to consider allotment of 1.2 crore equity shares of Rs 10 on conversion of warrants
-Exclusion in F&O Contract: Nagarjuna fertilizers w.e.f August 26

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