11 Aug 2010 Closing Market Updates

11 Aug 2010 Closing Market Updates  15:31

Indian market tumbled on weak global cues.European markets were trading nearly 2% down and the Dow Future was trading with 123 points negative at the time when Indian markets were closing.Hangseng closed 179 points down while Nikkei closed down with 258 points.Nifty ended near its day's low at 5412.95 with 47.75 points lower while Sensex ended at 18045.64 with 174.35 points in negative.

All BSE Sectoral Indices ended in negative.Realty Index was the top loser with 1.73%.

Tatamotors was the top gainer in Nifty50 stocks, gained 5.11% and ended at 1006.20 while Tatasteel was the top loser with 3.23% and ended at 519.

Tatamotors was the top traded stocks in terms of turnover while IFCI was the most traded stocks on NSE.

Overall market breadth was negative as 862 stocks declined and 482 stocks gained today on NSE.

11 Aug 2010 Morning Market Updates

11 Aug 2010 Morning Market Updates  08:50

Results today: Bharti Airtel, Bajaj Hindusthan, Videocon Industries, Parsvnath, Bharati Shipyard, Bosch, Everonn, Financial Tech, Man Aluminium, Marg, Sundram Fast 

Bombay HC Says
SEBI to take decision on equity trading on MCX-SX by September 30
SEBI to take decision on licence renewal in 6 weeks
SEBI to expedite process as MCX-SX suffering losses
MCX-SX to issue board resolution on not exceeding 5% limit

Novelis Q1FY11
Net Sales at USD 2.5 billion versus USD 2.4 billion (up 5% QoQ)
Adjusted EBITDA at USD 263 million versus USD 233 million (up 13% QoQ)
EBITDA at USD 235 million versus USD 168 million (up 40% QoQ)
PAT at USD 50 million versus loss of USD 1 million

Ex-Dates
D-Link - Ex-Dividend @ Rs 1/share
Honda Siel Power : Ex-Dividend @ Rs 4/share
Rainbow Papers : Ex-Split 5:1
Zenith Birla : Bonus @ 1:5

Other stocks and sectors that are in news today:-ONGC says: Govt likely to raise more than Rs 13,000 crore from 5% stake sale
Asian Hotel (East) to list today
DoCoMo to invest USD 1 billion in Tata Teleservices, expected to get 10-15% more in the company (Tata Teleservices is unlisted)
Canadian firm offer to buy out GMR’s stake in Intergen for USD 1 billion – BS (GMR had bought the stake for USD 1.1 billion)
Board Meet - SCI board meet today on FPO
HCC bags contract worth Rs 121.2 crore
Vadilal Ind board approves fund raising up to Rs 80 crore via equity linked instruments
Rohit Ferro-Tech started commercial production of the company's new 100% EOU at Haldia 

Piramal Healthcare Q1 (cr - crore, vs - versus)
Cons net profit at Rs 80.7 cr Vs Rs 85 cr
Cons net sales at Rs 842 cr

F&O cues:
Futures Open Int was up by Rs 637 crore
Bazaar

Excerpts from Bazaar on CNBC-TV18 Watch the full show »
Options Open Int was up by Rs 4286 crore
Nifty Futures add 4.8 lakh shares in Open Int
Nifty Futures flat versus at 6 pts discount
Nifty Open Int PCR at 1.43 versus 1.39
Nifty Puts add 51.5 lakh shares in Open Int
Nifty Calls add 16 lakh shares in Open Int
Nifty 5300 Put adds 11.1 lakh shares in Open Int
Nifty Sep 5200 Put adds 10 lakh shares in Open Int
Nifty 5500 Call adds 5.3 lakh shares in Open Int
Nifty 5600 Call adds 4.6 lakh shares in Open Int
Nifty Sep 4900 Put add 5.5 lakh shares in Open Int
Stock futures add 86 lakh shares in Open Int
FIIs in F&O on August 10
Net sell Rs 330 crore in Nifty Futures
Net buy Rs 489 crore in Nifty Options
Net buy Rs 47 crore in Stock Futures
Market cues:

US markets Off days low post FOMC announcement
Shrug negative data

Results today:
Bharti Airtel, Bajaj Hind, Everonn, Financial Tech, Parsvnath Dev, Videocon Ind
NSE F&O Open Int was up by Rs 4923 crore at Rs 1.55 lakh crore
As per provisional data of August 10, FIIs were net buyers of Rs 600 crore; DIIs were net sellers of Rs 541 crore in cash markets. FIIs were net buyers of Rs 150 crore in F&O.
US Markets:
US markets ended lower but pared losses from day's lows after the Federal Reserve said it would reinvest proceeds from maturing mortgage securities into the treasury market.

The Dow closed more than 50 points down; the Nasdaq ended more than a percent down while the S&P 500 closed at 1,121.
In economic data, wholesale inventories rose 0.1% in July, while sales fell 0.7%.

Ira Jersey, Credit Suisse said that, “When you look at what the Fed Reserve owns already they are limited to 35% of each treasury bond out there and really where they have the most capacity is something in 7-8 yr bucket and that is where we think you would invest from a total invest perspective. I agree that it will be a new policy and this is just another thing that shows that the Fed won’t be raising rates anytime soon and there is something else they have to unwind in order to start hiking.”
In the forex market, the dollar fell against the yen and the euro after the Federal Reserve announced plans to boost a flagging economy.
In commodities, crude is trading near a 1 week low after the labor department reported the productivity of Us workers fell in the second quarter.
Copper prices fell to a one-week low on concern that cooling economies in the US and China will erode demand for the metal.

10 Aug 2010 Closing Market Updates

10 Aug 2010 Closing Market Updates  15:31

Negative global indices made our market to end negative.Nifty ended at 5462.05 with 24.10 points negative and Sensex ended with 64.43 points down at 18223.07.

Among BSE Sectoral Indices,Realty gained the most by 0.46% whereas IT Index lost the most by 1.40%.

Tatamotors was the top gainer in Nifty50 stocks with 4.43% gain to end at 966 and Abb  was the top loser with 2.17% and ended at 783.20.

Tatamotors was the top traded stock in the form of Traded Value and Unitech was the top traded stock in the form of Quantity traded on NSE.

Market breadth was negative as 836 stocks declined and 492 stocks gained today on NSE.

10 August Morning Market Update:

10 August Morning Market Update:
Stocks that are in news today:
Results today: Tata Motors, Educomp, Rolta India, Great Offshore, Hindustan Motors, Nagarjuna Construction, Piramal Healthcare, Asian Hotels, Prime Focus, Amtek Auto, IVRCL Infra, RCF, Jai Corp, KRBL
Stocks in news: DRL, Tulip Tele, GMR, Ranbaxy, Hindalco
Other stocks and sectors that are in news today:
Novelis (Hindalco’s Subsidiary) to declare earnings today
GMR gets feelers to buy 50% stake in Intergen
Bhilwara Energy plans IPO to raise Rs 1000-1200 crore – ET
Lupin sues Ranbaxy in US for patent infringement
Camlin Fine Chem rights issue opens today
Coal India Files DHRP, may raise Rs 17700 crore via IPO, Coal India IPO Between October 18-21
Kalindi Rail board Meeting on August 12, 2010 to consider issuance of convertible warrants to promoter group
Tulip Telecom board has approved to raise upto Rs 1000 crore in 1 or more tranches
DRL:Darbepoetin has not been launched by Amgen in India
Home Ministry asks DoT to stop all 3G services unit system in place to enable full tapping of lines – BS
Ex-Dates
Edelweiss Capital : Ex-Bonus 1:1 & Ex Split 5:1
HCC : Ex-Bonus @ 1:1
Grasim : Ex-Dividend @ Rs 30/share
Tata Motors : Ex-Dividend @ Rs 15/share
Tata Motors DVR : Ex-Dividend @ Rs 15.5/share
F&O cues:
Futures Open Int was up by Rs 2383 crore, Options Open Int was up by Rs 2793 crore
Bazaar
Excerpts from Bazaar on CNBC-TV18 Watch the full show »
Nifty futures add 11 lakh shares in Open Int, at 6 pts discount versus 3 pts prem
Nifty Open Int PCR at 1.39 versus 1.37
Nifty Puts add 25.5 lakh shares, Calls add 11.6 lakh shares in Open Int
Highest Open Int outstanding at 5300/ 5400 Put and 5600 call
Nifty 5400 Put adds 6.8 lakh shares in Open Int
Nifty 5100 Put adds 5.8 lakh shares in Open Int
Nifty 5500 Put adds 5.7 lakh shares in Open Int
Nifty Dec 6100 Call add 3.2 lakh shares in Open Int
Nifty 5700 Call add 2.5 lakh shares in Open Int
Stock futures add 2.8 cr lakh shares in Open Int
FIIs in F&O on August 7
Net buy Rs 210 crore in Nifty futures, Open Int up 17987 contracts
Net buy Rs 434 crore in Nifty options, Open Int up 12124 contracts
Net buy Rs 107 crore in Stock Futures, Open Int up by 16120 contracts
Market cues:
Global markets end flat on low volumes; FOMC meet today
Results today: Tata Motors, Educomp, Novelis, Hind Motors
NSE F&O Open Int was up by Rs 5176 crore at Rs 1.5 lakh crore
As per provisional data of August 9, FIIs were net buyers of Rs 522 crore; DIIs were net sellers of Rs 45 crore in cash markets. FIIs were net buyers of Rs 673.7 crore in F&O.
US Markets:
Stocks gained modestly amid light volume as investors hung back to await news from the Federal Reserve meeting today.
Dow Jones Industrial Average was up 0.42% or 45.19 points at 10698.75. Nasdaq Composite was up 0.75% or 17.22 points at 2305.69. Standard & Poor's 500 was up 0.55% or 6.15 points at 1127.79.
All eyes today will be on the FOMC meeting. The Federal Reserve is expected to keep borrowing rates low and may signal its readiness to print more money to support a faltering economic recovery. Also due today is the wholesale trade data.
In the forex market, the dollar rose against major currencies as investors squared up positions a day ahead of this week's Federal Reserve monetary policy announcement.
In the world of commodities, crude prices rose for the first time in four sessions, edging back above USD 81.
Base metals are also up as China says growth in second half of the year is likely to be strong.

9 th August Morning Market Updates:

9 th August Morning Market Updates:
Stocks that are in news today:

Results Today - BF Utilities, Britannia Inds, Dalmia Cement, Dwarikesh Sugar, Electrosteel Casting, Finolex Cables, Goodyear India, Hindustan Organic, Jain Irrigation, Opto Circuits, Reliance Capital, Sujana Towers, Tulip Telecom, Monnet Ispat,
Stocks in news: Genus Power, M&M, IBulls Real, GMR Infra

Steel Secretary says
SAIL FPO likely by 2nd half of January
Do not see case for curbing steel imports as of now
Oil Ministry sources say
Undecided on petrol price hike by month-end
Will not intervene with OMCs' decision on petrol price hike
Not worried about current petrol under-recovery
Ex-Dates
BEML : Ex-Dividend @ Rs 10/share
Hikal: Ex-Dividend @ Rs 4/share
Mundra Port : Ex-Dividend @ Rs 1.5/share
Trent: Ex-Dividend @ Rs 6.5/share
Other stocks and sectors that are in news today:
M&M to bid for majority stake in Ssangyong Motor
Shipping Corp to consider FPO proposal on August 11
Indiabulls wins NTC Bharat Mills land property for Rs 1505 crore
Govt allows ONGC to charge 25% higher for the gas it produces from new fields – BS
Builders move CCI against cement firms including Grasim, ACC and Gujarat Ambuja alleging price cartel – BS
Capman Fin open offer at Rs 10.5/share
ABG Infra set to win rights for coal facility in Tamil Nadu – Mint
Sakthi Finance board approves Rights Issue
Genus Power Infrastructures: Board approves Stock Spilt in ratio of 10:1, Approved Fund raising of USD 50mn
Allied Computers International: Approved allotment of equity warrants on preferential basis
Market cues:

The US markets recovered nearly 1.5% from day's low to end with modest losses on Friday. Worst pair of payrolls reported in eight months.
Market cues: FIIs net buy Rs 3115 cr in equities last week

NSE F&O Open Interest was up by Rs 816 crore at Rs 1.45 lakh crore.
Institutional action
FIIs were net buyers to the tune of Rs 665 crore while DIIs net sellers of Rs 341 crore in cash markets on August 6, as per provisional data available on NSE website. FIIs were net sellers of Rs 312 crore in F&O.
FIIs were net buyers to the tune of Rs 3115 crore while DIIs net sellers of Rs 1130 crore in cash markets in last week, as per data available on NSE website. FIIs were net buyers of Rs 5790 crore in F&O, including buyers of more than Rs 4246 crore in Index Options.
US Markets:
US stocks fell on Friday after government data showed a larger-than-expected drop in July payrolls, giving investors a stark reminder the economic recovery remains slow.

Stocks had been rising over the past five weeks, largely on the back of solid corporate earnings. The S&P 500 is still up 9.7% from its closing low for the year set July 2.
The hope was that we would have a great earnings season, and frankly the S&P has delivered on that in spades," said Peter Kenny, managing director at Knight Equity Markets in Jersey City, New Jersey.

"The disappointment is that in spite of the delivery of great earnings, you still have an economy that is not engaged and clearly not improving on the employment front."
The US economy lost 131,000 jobs in July -- more than twice the decline of 65,000 that economists forecast in a Reuters poll. And the closely watched private employment number rose less than expected.
Of the 443 companies in the S&P 500 that have reported earnings to date, 75% have reported earnings above analysts' expectations, with only 9% missing estimates, according to Thomson Reuters data.
Consumer stocks ranked among the worst performers as the monthly jobs report highlighted worries about consumer spending, which accounts for about two-thirds of US economic activity. Retailer Office Depot, which sells school and office supplies, slid 7% to USD 4.54, while the S&P consumer discretionary index shed 0.5%.
The Dow Jones Industrial Average dropped 21.42 points, or 0.20%, to 10,653.56. The Standard & Poor's 500 Index shed 4.17 points, or 0.37%, to 1,121.64. The Nasdaq Composite Index lost 4.59 points, or 0.20%, to 2,288.47.
For the week, the Dow and the S&P 500 each rose 1.8%, while the Nasdaq advanced 1.5%.
Dow component Kraft Foods Inc was among the bright spots, rising 2.4% to USD 30.36 after the company, whose products include Kraft cheese and Maxwell House coffee, reported a higher-than-expected quarterly profit. Kraft also raised its target for cost savings from its acquisition of Cadbury, the British company known for its chocolates.
Shares of American International Group Inc. climbed 2.6% to USD 40.93 after its quarterly results topped Wall Street's expectations and its chief executive said the insurer is actively looking to repay its taxpayer bailout.
Shares of grain companies like Archer-Daniels-Midland Co and Bunge Ltd continued to outperform the overall market after rallying more than 5% on Thursday, on expectations their wheat exports will be increased by Russia's decision to suspend grain shipments as it faces its worst drought in a century.
Bunge shot up 2.2% to USD 55.66, while Archer-Daniels-Midland slipped 0.2% to USD 30.18.
Volume was light, with about 7.17 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, below last year's estimated daily average of 9.65 billion.
Declining stocks outnumbered advancing ones on the New York Stock Exchange, while on the Nasdaq, three stocks fell for every two that rose.

06 Aug 2010 Closing Market Updates

06 Aug 2010 Closing Market Updates  15:30

Market ended flat.Nifty ended at 5441.70 losing 5.40 points while Semsex ended at 18142.06 with 30.77 points down.

Among the BSE Sectoral indices, Consumer Durable Index was the top gainer with 0.92% and Bankex was the top loser with 0.48%.

Tatamotors was the top gainer with 3.91% in the Nifty50.It ended at 894.70 after making a new 52 week high of 901.80.While Kotak Bank was the top loser by 1.52% and ended at 812.

Tatamotors was the top turnover stock while IFCI was the top traded stock in the form of traded quantity on NSE, today.

Overall market breadth was slightly negative as 705 stocks declined and 616 stocks gained today on NSE.

6th August Morning Updates:

6th August Morning Updates:
Stocks that are in news today
Results today: Power Grid, Edserv Soft, Fortis Health, ICSA India, Prakash Inds, RCF, Gammon Infra, Reliance Media Works

RCF results postponed to 10th
Vodafone open to selling 4% stake in Bharti

Bharti entity seems a logical buyer of 4% stake
Unlikely any non-Bharti entity would buy 4% stake
Both parties in Vodafone-Essar have ability for IPO
Bankers say: sources
Allow loans to airline companies to be treated as standard loans
Allow loans to airline companies to be outside realm of CDR
MCA Sources:
Corporate social responsibility (CSR) spends to be mandatory for corporate India
Companies will have to spend 2% of average net profit on CSR
Mandatory CSR to be part of companies bill amendment
Alert: Currently CSR 2009 guidelines are voluntary
Mandatory CSR for companies with Rs 500 crore networth
Mandatory CSR for companies with Rs 1000 crore sales
Mandatory CSR for companies with net profit of Rs 5 crore or more
Ratan Tata Says :
Promoter holding in Indian Hotels Co will go up
Ginger Hotels could be listed in a couple of years
SEBI Says
Companies to file shareholding 1 day prior to listing
Companies must disclose every 2% shareholding change in 10 days
Bajaj Corp IPO closes
Overall: 19.29 times (x)
QIB : 20.1x, HNI : 53.49x, Retail : 6.6x
Other stocks and sectors that are in news today:
BAG Films: Board approves preferential allotment of 50 lakh shares to Promoters
Asahi Infrastructure: Approved consolidating of shares in ratio of 1:10
Tulip Telecom : Wins R-APDRP projects worth Rs 158.2 crore for Uttar Pradesh and Gujarat
F&O cues:

Futures Open Int was up by Rs 1050 crore
Bazaar

Excerpts from Bazaar on CNBC-TV18 Watch the full show »
Options Open Int was up by Rs 4685 crore
Nifty Futures add 3 lakh shares in Open Int
Nifty Futures at 10-point premium
Nifty Open Int PCR at 1.38 versus 1.34
Nifty Puts add 53 lakh shares in Open Int
Nifty Calls add 24 lakh shares in Open Int
Nifty 5300 Put adds 10 lakh shares in Open Int
Nifty 5100 Put adds 8.7 lakh shares in Open Int
Nifty 5500 Put adds 6.7 lakh shares in Open Int
Nifty 5600 Call adds 11.5 lakh shares in Open Int
Stock Futures add 2.5 crore shares in Open Int
FIIs in F&O on August 5
Net sell Rs 290 crore in Nifty Futures
Net buy Rs 2506 crore in Nifty Options
Market cues:

Global markets trading flat
NSE F&O Open Int was up by Rs 5735 crore at Rs 1.44 lakh crore

As per provisional data of August 5, FIIs were net buyers of Rs 73 crore; DIIs were net sellers of Rs 188 crore in cash markets. FIIs were net buyers of Rs 2,189 crore in F&O.
US Markets:
The US markets ended modestly lower after a bleak weekly jobless claims count. Disappointing July retail sales also weighed on sentiment.

In economic data, the US initial jobless claims rose by almost 19,000 to 479,000. This is the highest since early April. Economists had expected claims to drop by 2,000. Continuing claims came down 34,000 from the prior week, but they remain at uncomfortably high levels above 4.5 million.
Wall Street ends with moderate loss

Barack Obama, US President, “We have got a lot of work to do. There are a lot of trends we need to address particularly in terms of long term unemployment. So a lot of folks who went from mfg went into the construction industry during the housing bubble, that bubble popped and we got a lot of blue collared guys who are now looking for work. We have to make sure that we are providing them support. One of the things that we could do to employ those folks is in rebuilding America's infrastructure for the 21st century.”
“We have just gone through a 2 week debate on which I am trying to move a small business bill that provides exactly what you are talking about-- tax incentives to small businesses that create 2/3 American jobs, we will eliminate capital gains for start-ups. We have tried to work with the other party in getting some of these things done precisely because the recovery is still not as strong as it should be.”
All eyes are now on the July non-farm payroll data that is going to be released later today in US. The street expects loss of 70,000 non-farm payrolls and a slightly higher unemployment rate of 9.6%.
In other important cues, watch out for the Federal Reserve's hearing on new mortgage regulations and Berkshire Hathway and AIG will declare their earnings.
In the currency space the dollar edged lower versus the euro as investors avoided building large positions ahead of the US payrolls report that markets hope will offer fresh insight on the state of the economy.
In the commodity space oil prices slipped as disappointing US jobless claims and retail sales data raised concerns about the energy demand outlook. However, the dollar's weakness helped limit losses.
Base metals too are trading weak on US recovery blues. Chinese bank stress test buzz also weighed on sentiment.

5th August Morning Market Updates:

5th August Morning Market Updates:
Stocks that are in news today:

Results Today: Anant Raj Inds, Ansal Housing, Ashapura Mine, Aurobindo Pharma, Dredging Corp, Essar Ship Ports, Man Infra, Oracle Financial, Varun Shipping, Zenotech Lab.
Stocks in news: Unitech, ITI, Future Cap, Piramal Life

Ajay Piramal to CNBC-TV18
May look at folding Piramal Lifesciences into parent company
Open to rope in partner for molocule development of lifesciences
Existing biz include CRAMS, OTC & Critical Care
Organic growth possible in all 3 segments
May look at mix of organic & inorganic opportunities
Not investing in real estate from the funds that Piramal healthcare is getting
Maruti MD Shinzo Nakanishi says
Royalty payments to Suzuki not to go up further
More R&d work being done in India
Re-working royalty with Suzuki
Asking vendors to make fresh investments to hike capacity
Trying to set up 2nd plant at Manesar ahead of schedule
Working on a completely new model
New model to be manufactured, designed & engineered in India
New model will be launched in 2012
Will launch CNG-fitted Estilo, WagonR, Alto, Ecco, SX4 In '10
IDFC Q1
Net operating income up 30.8% from Rs 467.87 crore to Rs 612.02 crore (expectation of Rs 582 crore)
NII: Up 38.11% from Rs 244 crore to Rs 337 crore
Non- Interest Income: Up 22.58% from Rs 217 crore to Rs 266 crore
Net Profit: Up 23% from Rs 272.44 crore to Rs 335.1 crore (expectations of Rs 315 crore)
Future Capital Q1 (QoQ, strong operating performance)
Net profit at Rs 13.2 crore versus Rs 30.3 crore
Net sales at Rs 65.2 crore versus Rs 58.1 crore
Interest cost at Rs 29 crore versus Rs 24 crore
Tax expense at Rs 6 crore versus tax refund of Rs 4 crore
F&O cues:

Futures Open Int was up by Rs 1,591 crore
Options Open Int was up by Rs 3,206 crore

Nifty futures add 10 lakh shares in Open In, at 7-pt discount
Nifty Open Int PCR at 1.35 versus 1.28
Nifty Puts add 41 lakh shares in Open Int
Nifty Calls add 6 lakh shares in Open Int
Nifty 5400 Put adds 12 lakh shares in Open Int
Nifty 5500 Put adds 8 lakh shares in Open Int
Nifty 5600 Call adds 5 lakh shares in Open Int
Nifty 5400 Call sheds 8 lakh shares in Open Int
FIIs in F&O on August 4
Net sell Rs 2 cr in Nifty futures
Net buy Rs 392 cr in Nifty options
Net buy Rs 152 cr in Stock futures
Market cues:

FIIs were net buyers of USD 146.5 million in equities on August 3
NSE F&O Open Int was up by Rs 4,797 crore at Rs 1.39 lakh crore
As per provisional data of August 4, FIIs were net buyers of Rs 689 crore; DIIs were net sellers of Rs 276 crore in cash markets. FIIs were net buyers of Rs 591 crore in F&O.
US Markets:
Encouraging reports on jobs and the services sector fuelled gains on Wall Street. Both the Dow and the S&P registered their highest levels since mid May.

Dow Jones Industrial Average gained 0.41% or 44.05 points at 10680.43. Nasdaq Composite rose 0.88% or 20.05 points at 2303.57. Standard & Poor's 500 added 0.61% or 6.78 points at 1127.24.
In economic data, the July ISM service index came in at 54.3, which is better than the 53 that had been expected.

The July ADP employment change showed that 42,000 jobs were added to private payrolls last month. The increase was greater than the 25,000 additions that had been widely expected. Meanwhile Challenger, Gray and Christmas said planned layoffs rose 6% but were below the pace of 2009.
In key economic data to watch out for, initial jobless claims for the July 31 would be announced today. Estimates see the jobless claims falling to 455000 compared to 457000 the previous week. Meanwhile the European Central Bank and the Bank of England are likely to keep interest rates unchanged.
In the currency space, the dollar gained as encouraging US economic reports prompted some traders to unwind their bets against the greenback.
In the commodity space, crude declined marginally from a three-month high as a stronger dollar and weak gasoline futures offset impact of a government report on falling crude inventories.
Base metals rallied copper hit 3-mth high on higher risk appetite and positive economic data. Nickel and zinc too hit their highest levels since late May.
Gold hit the 1200 dollar mark for the first time in nearly two weeks, as strong physical demand lifted the metal higher for its sixth straight daily gain.

4th August Morning Market Updates:

4th August Morning Market Updates:
Stocks that are in news today:

Results today: IDFC, Adani Power, GMR Inds, Mundra Port, Standard Chartered, IL&FS Transportation, ITI, Future Capital Holding, Technocraft Inds, Bombay Rayon Fashion, Aftek
IT stocks on focus, Cognizant reports stellar numbers, ups guidance significantly; stock surged 5%

Cognizant’s CY'Q2 2010
Revenue at USD 1.105 billion, (up 15% QoQ)
Net profit up USD 172.2 million, (up 13.7% QoQ)
Ups FY10 revenue guidance growth to 36% at USD 4.46 bn (earlier guidance was 25%, so a quantum jump)
Punj Lloyd Q1FY11
Consolidated net loss at Rs 30.6 crore versus profit of Rs 127 crore (YoY)
Consolidated net sales at Rs 1,606 crore versus Rs 2,953 crore (YoY)
Jagran Prakashan - Sources
INM likely to sell 6.5% equity in Jagran Prakashan today
INM: Independent News & Media Investments
Deal size over Rs 200 crore; I-Sec banker
NDTV Q1 ((Consolidated))
Sales at Rs 83.56 crore versus Rs 130.69 crore (YoY)
Loss at Rs 31.1 crore versus Rs 83 crore (YoY)
Nadir Godrej says
Godrej Industries in early stages of acquisitions in niche areas
Marginal price hike likely in palm oil, palm oil derivatives
Will consider price hike in durable goods
Price hike in FY11 will be marginal
Other stocks and sectors that are in news today:
Listing of Orissa Mineral Development Company on Exchanges (Already listed on Calcutta Stock Exchange @ Rs.19500/share)
Listing of Midfield Industries on exchanges (Issue Price: Rs 133/share)
RIL, Essar to bid for BP’s USD 500 million assets
Borosil Glass sells Andheri plot for Rs 875 crore – TOI
F&O cues:

Futures Open Int up Rs 1967 crore.
Bazaar

Excerpts from Bazaar on CNBC-TV18 Watch the full show »
Options Open Int up Rs 4671 crore
Nifty Futures add 14 lakh shares in Open Int
Nifty Futures at 2-point discount
Nifty Open Int PCR at 1.28 versus 1.25
Nifty Puts add 46 lakh shares in Open Int
Nifty Calls add 24 lakh shares in Open Int
Nifty 5100 Put adds 12 lakh shares in Open Int
Nifty 5400 Put adds 10 lakh shares in Open Int
Nifty 5500 Call adds 7 lakh shares in Open Int
Stock Futures add 2.7 crore shares in Open Int
FIIs in F&O on August 3
Net buy Rs 249 crore in Nifty futures, Open Int unchanged
Net buy Rs 704 crore in Nifty options, Open Int up 1.08 lakh contracts
Net buy Rs 406 crore in Stock futures, Open Int up 12,173 contracts
Market cues:

US markets end down marginally
FIIs were net buyers of USD 187.1 million in equities on August 2

NSE F&O Open Int was up by Rs 6638 crore at Rs 1.34 lakh crore
As per provisional data of August 3, FIIs were net buyers of Rs 607 crore; DIIs were net sellers of Rs 152 crore in cash markets. FIIs were net buyers of Rs 1463 crore in F&O.
US Markets:
The US markets ended in the red but off intra-session lows after a round of disappointing economic data.

Dow Jones Industrial Average was down 0.36% or 38 points at 10636.38. Nasdaq Composite was down 0.52% or 11.84 points at 2283.52. Standard & Poor's 500 was down 0.48% or 5.4 points at 1120.46.


The markets reacted to a host of not so encouraging economic data; pending home sales for June fell 2.6% month-over-month. Though that was less severe than the 5.0% decrease that had been expected, many on Wall Street had anticipated an increase.

As for other data, factory orders for June fell a worse-than-expected 1.2%, while orders for May were revised lower to reflect a 1.8% decline. Personal income, spending, and core personal consumption were flat in June. While income wasn't expected to change, a slight increase in spending had been anticipated.
In data to watch out for today the ISM non-mfg index for July is seen higher; estimates suggest the index coming in at 53 compared to 53.8 in June. The June number was the lowest reading since February.
The US energy information administration will also be releasing weekly petroleum inventories data. Crude inventories are expected to have fallen last week as imports slipped and the effect of Gulf of Mexico production was interrupted briefly by tropical storm Bonnie.
In the currency space, the dollar tumbled to multi-month lows on fears of economic recovery. As a result, the euro climbed to a three-month high.
In commodity space, crude surged to three month high above USD 82 as the dollar weakened. The API stockpile data indicated a drop. All eyes are now on the US govt's EIA numbers that's due to be released later today.

2nd August 2010 morning Market Updates

2nd August  2010 morning Market Updates
Stocks that are in news today:
Results today: GAIL India, Glaxosmithkline Consumer, Gokaldas Exports, Gulf Oil Corp, India Cements, Madras Cements, Nestle India, Zenith Birla
Bajaj Corp IPO opens today: issue of 45 lakh shares at Rs 630-650/share
Auto sales numbers
Bajaj Auto: Total July sales up 65% at 3.18 lakh versus 1.92 lakh (YoY)
Tata Motors: Total July sales up 41% at 67799 versus 48054 units (YoY)
TVS Motor: Total July 2 wheeler sales up 35% at 1.63 lakh units
Deposit rates
Union Bank ups deposit rates by 25-100 bps w.e.f. August 4
PNB increases term deposit rates by up to 75 basis points
Bank of Baroda to up deposit rates by 25-50 bps from August 2
Other stocks and sectors that are in news today:
Indiabulls Real Estate wins NTC's Poddar Mill Auction for about Rs 474 cr (works out to around Rs 25,000/sq ft of saleable area)
Engineers India FPO overall subscribed 13.26 times (x); QIB 23,43x, retail 2.71x, HNI 5.85x
Kavveri Telecom - To issue of 40 lakh equity shares on prefrential basis to promoters
Maytas Infra : Alloted 1.54 crore shares to M/s. SBG Projects Investments Ltd @ Rs 195.3/share
Andhra Cements :Approved allotment of shares up to Rs 18.6 crore to HDFC & IDFC ((on conversion of Obligation))
Karnataka Bank: Approves rights issue ratio of 2:5
Religare : Approves funds raising upto Rs 2000 crore through issue of capital
ICICI Bank Q1 (cr - crore, vs - versus)
PAT Up 16.85% from Rs 878.22 crore to Rs 1026 crore (Estimates Rs 1027.7 crore)
NII Up 0.29% from Rs 1985.26 crore to Rs 1991 crore (Estimates Rs 2027.69 crore)
Torrent Power Q1:
Cons Net Sales At Rs 1,783.4 cr Vs Rs 1,704 cr (QoQ)
Cons Net Profit At Rs 299.2 cr Vs Rs 287.5 cr (QoQ)
Bank of India Q1
PAT Up 24.09% from Rs 584.32 crore to Rs 725.13 crore (Estimates Rs 466.78 crore)
NII Up 33.82% from Rs 1300.6 crore to Rs 1740.47 crore (Estimates: Rs 1530.58 crore)
F&O cues:

Futures Open Int up by Rs 1787 crore
Options Open Int up by Rs 7143 crore

Nifty Futures add 16 lakh shares in Open Int
Nifty Futures at 7-point premium
Nifty Open Int PCR at 1.25 versus 1.28
Nifty Puts, Calls add 54 lk shrs each in Open Int
Nifty 4900 Put adds 10.5 lakh shares in Open Int
Nifty 5300 Put adds 8.9 lakh shares in Open Int
Nifty 5200 Put adds 6 lakh shares in Open Int
Nifty 5600 Call adds 11 lakh shares in Open Int
Nifty 5400 Call adds 8.5 lakh shares in Open Int
Nifty 5500 Call adds 8.3 lakh shares in Open Int
Stock Futures add 4.4 crore shares in Open Int
FIIs in F&O on July 30

Net sell Rs 424 crore in Nifty Futures
Net buy Rs 2364 crore in Nifty Options
Market cues:

FIIs were net buyers of USD 952 million in equities on July 30
NSE F&O Open Int was up by Rs 8930 crore at Rs 1.19 lakh crore

As per provisional data of July 30, FIIs were net buyers of Rs 211 crore; DIIs were net sellers of Rs 130 crore in cash markets. FIIs were net buyers of Rs 1866 crore in F&O.
US Markets:
US stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.

While the major indexes each posted 7% gains for the month, it came during low volume and followed a combined decline of nearly 14% for May and June.
Wall Street marks best month in a year in July

The conflict between strong earnings and lackluster economic news has held stocks in a tight range throughout July. Prior to Friday's open, second-quarter GDP data disappointed investors, even though shares came back later in the session.
A lack of clear direction has led to more technical trading, with the S&P 500 finding support around 1,100 while struggling to move above its 200-day moving average around 1,115. A sustained move above that level would be bullish for investors.
"We have failed up here essentially about three times, so technically people are using that as something to lean on the short side," said Nick Kalivas, vice president of financial research and senior equity index analyst at MF Global.
Kalivas said global purchasing managers' indexes at the start of next week will give investors a better idea about the direction of the economy and could be a catalyst for markets.
"The market kind of stalled up the last couple of days. On the surface earnings numbers have been pretty strong, but underneath there was a loss of momentum," he said.
Speculators are net short the S&P 500, according to Commodity Futures Trading Commission data but trimmed their short portions from a week earlier.
The Dow Jones Industrial Average dropped 1.22 points, or 0.01%, to 10,465.94. The Standard & Poor's 500 Index gained 0.05 points, or 0.00%, to 1,101.58. The Nasdaq Composite Index gained 3.01 points, or 0.13%, to 2,254.70.
For July the Dow rose 7.1%, the S&P 500 gained 6.9% and the Nasdaq added 6.9%.
For the week, the Dow rose 0.4%, the S&P 500 lost 0.1% and the Nasdaq dipped 0.7%.
In corporate news, Chevron Corp, the second-largest US oil company, reported a three-fold jump in quarterly profit, topping Wall Street's forecast, but its revenue was below analysts' estimate. The shares rose 0.2% at USD 76.21.
US drugmaker Merck & Co reported a profit that beat analysts' estimates, but its sales were less than Wall Street's expectations, and the stock fell 1.7% to USD 34.46.
In the Commerce Department's first estimate of economic growth for the second quarter, US GDP expanded at a 2.4% annual rate, driven by capital investment, but the expansion was down from the first quarter's revised 3.7% rise.
US consumer sentiment plunged in July to its lowest level since November on bleak prospects for jobs and income a year since the economic recovery began, according to the Thomson Reuters/University of Michigan's Surveys of Consumers.
The Institute for Supply Management-Chicago business barometer, however, showed businesses boosted employment and orders.
About 7.63 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, short of last year's estimated daily average of 9.65 billion.
Advancing stocks outnumbered declining ones on the NYSE by a ratio of about 3 to 2, while on the Nasdaq, about five stocks rose for every four that fell.