Monday, August 1, 2011

1st August, 2011 Morning Market Updates

1st August, 2011 Morning Market Updates 8:35
Stock in news

Results today: Pfizer, Indraprastha Gas, Titagarh Wagons, GlaxoSmithkline Consumer Healthcare, Shree Cements, Triveni Engineering, Sun TV, Emkay Global, Shyam Telecom, Arrow Textiles, UB Engineering, Archies, DCW, Axis IT-T, Havells India, Tube Investments, Vardhman Acrylics
Adani Enterprises says: 
-Do not own or operate any iron ore mine in India
-Adani Enter clarifies on Lokayukta report allegation w.r.t. illegal mining
BK Chaturvedi panel trashes Go-No-Go' policy
-Go-No-Go for coal mining has no legal basis
-Cannot reject nod for coal blocks based on this policy
-Allow 25% expansion of coal mines without public hearing
-Power, Environment, Coal secretaries part of BK Chaturvedi panel
-Environment Ministry must amend 2010 circulars on coal linkages
-GoM to take up BK Chaturvedi panel report on August 2
SAIL says
-Board unanimous on bringing FPO, waiting for right market conditions for FPO
-Fall In Q1 profit on high input cost, coking coal price seen below USD 250/tonne in 2-3 months
Other stocks and sectors that are in news today:-Anant Raj industries board to issue NCDs worth Rs 250 crore
-F&O ban: Gitanjali gems 
-Ex-split: Temptation Food: Stock split from Rs 10/sh to Rs 1/sh
-L&T Finance Holdings IPO update: subscribed 5.23 times (x), QIB: 1.92x,NII: 6.18x, Retail: 9.33x
-JSW Steel says iron ore purchase, transaction in Karnataka legal
-Blanket ban on iron ore mining in Bellary (Karnataka) by the Supreme Court 
-ONGC and Sistema may soon merge assets in Russia - ET 
-ICICI acquires 29.3% in Troubled Tower Co GTL via conversion of pledge
-M&M to relook investment in Chakkan 
-Neyveli Lignite seeks 3 coal blocks taken back from NTPC move may trigger a clash between the coal & power ministries that control the state owned firms (ET)
-Hindustan Copper has decided to scrap its plans to raise funds by issuing fresh equity shares as part of its proposed FPO (ET)
-Coal India says the 26% profit sharing clause in proposed mines & minerals act well help mining firms ensure more production (ET)
-ACE close to acquiring two companies one in India & another in China for a total of Rs 120 crore to expand its product portfolio (ET)
-Punjab & Sind Bank seeks Rs 990 crore capital infusion from govt to fund its business growth (BS)
-CAG raises questions over Rs 50,000 crore fertilizer subsidy without due process to check fraudulent claims by companies between 2007-08 & 2009-10 (Mint)
-Alok Industries starts divesting its real estate portfolio to ease debt to sell 73 acres of land in Silvassa with other deals to garner about Rs 70 crore (Mint)
-Oil firms hike jet fuel prices by 2.7% in line with firming rates in international markets (Mint)
-SC stays NTPC’s Rs 5000 crore cooling tower order to Lanco Infratech (DNA)
-Power Ministry seeks gas for eight more plants to the petroleum ministry for allocation of gas this year (DNA)
Global markets rally post US debt deal approval by both the parties
Results Today: Pfizer, Triveni Engineering, Sun TV, Havells
FIIs net buy USD 94.52 million in the cash market on July 28
MFs net buy Rs.158.4 crore in the cash market on July 28
NSE F&O Open Int was up by Rs 9061.7 cr at Rs 1.02 lakh cr
As per provisional data of July 29, FIIs were net sellers of Rs 464.33 cr in the cash market. FIIs were net buyers of Rs 574.36 cr in the F&O market. DIIs were net buyers of Rs 411.82 cr in the cash market.

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