5th August, 2011 Morning Market Updates

5th August, 2011 Morning Market Updates 8:45
Stock in news

Results today: Ranbaxy, Cipla, MOIL, Aban offshore, Wyeth, BOSCH, HOEC, Jain Irrigation, Redington India, Welspun India, Great Eastern Shipping, Fertilizers & Chemicals Travancore, Cinemax India, Timken, Escorts, Sundaram Fasteners, Indo Tech Transformers, Indowind Energy, Infomedia 18

Telecom Commission meet: Exclusive -Crucial meet of Telecom Commission on August 10
-Telecom Commission to mull spectrum management & licensing framework
-Telecom Commission to mull VSNL land matter on August 10
-Proposal to demerge or hive off surplus VSNL land

Jeh Wadia says -Core of Bombay Dyeing group will now be real estate business
-Plan to monetise land bank in Island city
-Bombay Realty campaign to be launched in August
-Realty plans to be in luxury, mixed use segment
-Textile business to diversify into high margin retail business
-Will open more exclusive retail stores

Pawan Goenka says -Welcome market-based diesel pricing or dual diesel pricing
-Overall consumption of diesel by passenger cars only 10%
-Dual pricing should not be imposed on commercial vehicles
-Excise hike on diesel cars to have limited impact on M&M

JBF Industries Q1FY12 consolidated (cr - crore, vs - versus) 
-Net sales up 13% at Rs 1591 cr vs Rs 1413 cr 
-PAT down 5% at Rs 52 cr vs Rs 55 cr 
-EBITDA Margin at 10% vs 11%

Onmobile Q1FY12 Consolidated 
-Net sales up 10% at Rs 136 cr vs Rs 124 cr 
-PAT down 28% at Rs 13 cr vs Rs 18 cr 
-EBITDA Margin at 20% vs 23%

Emco Q1FY12 Provisional 
-Net sales up 58% at Rs 188 cr vs Rs 119 cr 
-Net profit at Rs 2 cr vs net loss at Rs 26 cr

Samtel Q1FY12 
-Net sales down 45% at Rs 157 cr vs Rs 283 cr 
-Net loss at Rs 38 cr vs net loss at Rs 5.5 cr

Uflex Q1FY12 consolidated 
-Net sales up 64% at Rs 1125 cr vs Rs 685 cr 
-PAT up 57% at Rs 96 cr vs Rs 61 cr

Indian Hotels Q1FY12
-Net sales up 12% at Rs 370 cr vs Rs 329 cr 
-PAT at Rs 20 cr vs Rs 3 cr 
-EBITDA margin at 19% vs 16%

Other stocks and sectors that are in news today:-F&O additions w.e.f today: Coal India , Delta Corp , Dhanlaxmi Bank , Gujarat Fluorochemicals 
-F&O ban: Deccan Chronicle , Gitanjali Gems - Carborundum Universal : Board meet today on stock split from Rs 2/sh to Re 1/sh
-Chinese banks offers yuan loans to finance more than USD 50 billion of power equipment for Indian companies at lower interest rates posing a threat to BHEL & L&T (ET)
-Steel prices may surge on the back of Karnataka mining ban with spot prices of iron ore rising by USD 1-2 daily since the ban (ET)
-Tata Tele & Uninor may not get 2G in Delhi soon despite the TRAI order as communication minister may give the nod only after reviewing methodology & priority order (ET)
- Syndicate Bank may delay seizure of GTL shares pledged by the company’s owners as collateral while creditor’s try to revamp its USD 1.1 billion debt (ET)
-US based PE KKR & the promoter of Avantha Power set to invest USD 120 million in the company with the PE set to acquire 11% more stake in the company (ET)
-Tea output set to fall by 120m kg this year as shortfall & high global prices push profitability of tea cos in the first quarter (ET)
-Steel Ministry may remove the import duty on coking coal giving some respite to steel companies (FE)
- GVK Power & Infra which holds seven oil & gas blocks off the western coast of India & its partner BHP Billiton may sell a part of their stakes to another company (Mint)
- Hindustan Motor disposes of its entire land holding of about 120 acre in Gujarat for Rs 70 crore (DNA)
- JSW Steel ’s Vijaynagar plant which accounts for 70% of the company's total steel production is likely to shut down in three days as it runs out of raw material

Gold futures tack on as much as $18 an ounce

4th Aug,2011 
Gold futures tacked on as much as $18 an ounce Thursday as concerns about the U.S. economy and Europe’s sovereign debt crisis and Japan’s intervention in the currency market to stem the rise in the yen sent investors into their defensive shells — and to gold as a safe haven.


The U.S. dollar surged the most since September against Japan’s yen Thursday, rallying after Tokyo authorities intervened and the nation’s central bank stepped up its monetary easing.Central bank currency intervention or money printing and competitive currency devaluations have resumed with gusto, which is of course bullish for precious metals as they cannot be devalued or debased,” analysts at GoldCore wrote in a report Thursday.

4th August 2011,Closing Market updates

4th August 2011,Closing Market updates

The markets closed weak today and all sectoral indices closed in the red. The Sensex closed at 17688 (provisional), down 252 points from its previous close, and the Nifty closed at 5331 (provisional), down 74 points. The CNX Midcap index was down 0.7% and theBSE Smallcap index also lost 0.6%. The market breadth was negative with advances at 452 against declines of 866 on the NSE.  


 In Nifty50 stocks, BPCL was the top gainer by 3.49% and ended at 689. RANBAXY was the top loser by 4.13% decline and ended at 532.05.


Major Global Indices : 
Hang Seng : -107.98
Nikkei : +22.04
FTSE : -44.72
CAC : -8.91
DAX : -5.71
Dow Futures : +52.00
Nasdaq Futures : +13.25

4th August 2011,Morning Market updates

4th August 2011,Morning Market updates 8:45
Stock in news

Results today: Adani Power, Mundra Port, Cummins India, Ansal Properties, OnMobile, Bombay Dyeing, Educomp, Zicom, Sterling Tools, JBF Industries, Hindustan Motors, Uflex, Indian Hotels, EMCO 

Finance Ministry sources-Finance Ministry considering 20-30% hike in excise on tobacco products
-Hike in excise duty on diesel run cars also being considered
-3-Tier excise hike on diesel cars may be looked at
-Rs 20,000-`50,000 & Rs 70,000 depending on size of car
-Final decision in consultation with the PM
-Hike unlikely if economy starts looking up & revenues improve

Wockhardt -Danone deal-Trustees representing bond holders seek time to reply
-Wockhart has sought Bombay HC nod for Danone deal
-Bombay HC adjourns case to September 6

Other stocks and sectors that are in news today:-Listing today: Inventure Growth & Securities -F&O additions w.e.f August 5: Coal India , Delta Corp , Dhanlaxmi Bank , Gujarat Fluorochemicals 
-F&O Ban: Deccan Chronicle , Gitanjali Gems 
- Acropetal Technologies MD along with other promoters may buy up to 5% stake in the co
- GMR to consider placing bids for operating two leading airports in Spain – BS - DLF to sell 2 non core assets to reduce debt, plans to raise up to Rs 7000 crore in 3 years via asset sale – ET 
-Shriram Group set to foray into housing finance & is in talks to sell upto a 49% stake (ET)
- ONGC plans to commence oil & gas production from Krishna Godavari basin in a month & start pumping hydrocarbons from another block in the offshore region next May (ET)
- RIL revived its interests in West Bengal, also wants the state to plan out a concrete policy before investing (BS)
- Power Grid Corp to raise Rs 2500 crore by issuing corporate bonds before the end of this month (BS)
-Investments from Mauritius, Cayman Islands & Cyprus are set to be treated on par with those in sensitive sectors like telecom from the regulatory perspective (FE)
- EL Forge rights issue of 1.2 crore equity shares in the ratio of 3:2 opens today 
- GTL promoter & ICICI bank are discussing a settlement after ICICI Bank opposed merger betweenGTL Infra & Chennai network infrastructure (TOI)

United Spirits Q1FY12 (cr - crore, vs - versus)
-Net sales up 32% at Rs 1935 cr vs Rs 1463 cr 
-PAT up 14% at Rs 138 cr vs Rs 121 cr 
-Total Expenditure up 36% at Rs 1618 cr vs Rs 1191 cr  
-EBITDA up 17% at Rs 330 cr vs Rs 281 cr
-EBITDA margin at 17.1% vs 19.2% 

Hindustan Copper Q1FY12 
-Net sales up 19% at Rs 269 cr vs Rs 226 cr 
-PAT up 2 times at Rs 60 cr vs Rs 20 cr 
-Total Expenditure up 6.2% at Rs 207 cr vs Rs 195 cr 
-EBITDA up 89% at Rs 66 cr vs Rs 35 cr 
-EBITDA margin at 24.5% vs 15.5% 
-Other income almost double at Rs 23.5 cr vs Rs 12.34 cr
-Higher copper prices lead to the better topline 

Jindal Drilling and Industries Q1FY12 
-Net sales down 4.4% at Rs 240 cr vs Rs 251 cr 
-PAT down 25% at Rs 21 cr vs Rs 28 cr
-Total Expenditure up 5% at Rs 221 cr vs Rs 211 cr 
-EBITDA down 49% at Rs 22 cr vs Rs 43 cr 
-EBITDA margin at 9.2% vs 17.1%  
-Failure to maintain sales followed by higher expenditure impacted the bottom line

Trident Q1FY12 
-Net sales up 20% at Rs 697 cr vs Rs 583 cr 
-Net loss at Rs 39 cr vs net profit at Rs 11 cr 
-Total Expenditure up 18% at Rs 633 cr vs Rs 535 cr  
-EBITDA up 7% at Rs 104 cr vs Rs 97 cr
-EBITDA margin at 14.9% vs 16.6%  
-Topline has done well but downfall in the bottom line has been led by exceptional loss of Rs 81 crore arising out of loss on valuations of stocks in trade, work in process and raw material.

Federal Mogul Q1FY12
-Net sales up 28% at Rs 281 cr vs Rs 219 cr 
-PAT down 22% at Rs 7 cr vs Rs 9 cr 
-Total Expenditure up 1% at Rs 284 cr vs Rs 281 cr  
-Expenditure highers than sales has impacted the profits and margins.

Oberoi Realty Q1FY12 Consolidated 
-Net sales  up 1% at Rs 160 cr vs Rs 158 cr 
-PAT up 33% at Rs 106 cr vs Rs 80 cr 
-Total Expenditure down 4% at Rs 77 cr vs Rs 80 cr  
-EBITDA up 8.5% at Rs 89 cr vs Rs 82 cr
-EBITDA Margin at 55.6% vs 51.9% 

TVS Srichakra Q1FY12 
-Net sales up 53.5% at Rs 347 cr vs Rs 226 cr 
-PAT up 71% at Rs 12 cr vs Rs 7 cr
-Total Expenditure up 53% at Rs 322 cr vs Rs 211 cr 
-EBITDA up 55% at Rs 31 cr vs Rs 20 cr 
-EBITDA Margin at 8.9% vs 8.8%

Subros Q1FY12  
-Net sales up 8% at Rs 252 cr vs Rs 234 cr 
-PAT up 14% at Rs 8 cr vs Rs 7 cr 
-Total Expenditure up 7% at Rs 238 cr vs Rs 222 cr  
-EBITDA up 17% at Rs 14 cr vs Rs 12 cr 
-EBITDA margin at 5.6% vs 5.1%

Loyal Textile Mills Q1FY12 
-Net sales up 78% at Rs 308 cr vs Rs 173 cr 
-PAT halved at Rs 2 cr vs Rs 4 cr 
-Total Expenditure up 89% at Rs 282 cr vs Rs 149 cr 
-EBITDA up 8% at Rs 26 cr vs Rs 24 cr 
-EBITDA margin at 8.4% vs 13.9%      
-Major increase in expenditure towards raw material followed by higher trade purchases has led to the down fall in the bottom line.

IG Petrochemical Q1FY12 -Net sales up 18% at Rs 195 cr vs Rs 165 cr 
-PAT down 60% at Rs 2 cr vs Rs 5 cr 
-Total Expenditure up 22% at Rs 190 cr vs Rs 156 cr   
-EBITDA down 44% at Rs 5 cr vs Rs  9 cr 
-EBITDA margin at 2.6% vs 5.5%  
-Higher expenditure due to cost increase towards raw material impacted the PAT and the Margins

3rd August, 2011 Closing Market Updates

3rd August, 2011 Closing Market Updates

Nifty Outlook Nifty opened on a negative note and broke the mentioned support of 5468, thereafter also Nifty continued its southbound journey and further made a low of 5433. On the daily chart, Nifty closed below the mentioned support of 5468, as well as it still continued to form Lower Top and Lower Bottom on its daily chart. Besides this, Nifty still continued to trade below its21DEMA and 200DEMA.Thus going forward we still maintain downside target of 5430/5400 which is 61.80% retracement level of the recent rally from 5195 to 5740.However upside Nifty has resistance in the range of 5580 where 5580 is the 200DEMA.  In Nifty50 stocks, SAIL was the top gainer by 3.18% and ended at 121.75. LT was the top loser by 4.23% decline and ended at 1660.65.
F&O Outlook 5500/5600 strike call seen aggressive writing. Together both the strikes added ~25 lacs shares in OI. Maximum OI build up was seen at 5500 strike call. 5700 strike call continues to hold highest OI concentration (~65 lacs shares) indicating supply zone for the markets. Unwinding seen in 5700/5600 strike puts indicating profit booking by long option players at lower level. Marginal writing was seen at 5400 put 5400 strike holds maximum OI concentration (~68 lacs shares) indicating major support for the markets. If this level is taken away then we may see more pain in the markets Option chain suggest the range of 5400-5700 for current expiry August month Options IVs were trading at 17-19%. India VIX index closed at 19.2% with a gain of 2%

Major Global Indices : 
Hang Seng : -428.74
Nikkei : -207.45
FTSE : -61.98
CAC : -22.03
DAX : -69.77
Dow Futures : +48.00
Nasdaq Futures : +10.75

3rd August, 2011 Morning Market Updates

3rd August, 2011 Morning Market Updates 8:45


Stock in news

Results today: Bharti Airtel, Hindustan Copper, CEAT, Standard Chartered PLC, Oberoi Realty, Maharashtra Seamless, Jindal Drilling & Industries, Harita Seating Systems, Himatsingka Seide, Trident, IG Petrochemicals, Jai Corp, Swaraj Engines, Asian Granito, Megasoft, Kirloskar Electric, Deep Inds, OCL India, Subros, Tide Water, FIem Inds, Accel Frontline, United Spirits 

Danone acquires Wockhardt's nutrition biz for 250 m euros (or Rs 1550 crore); Wockardt m-cap Rs 5000 crore
-Danone will acquire Wockhardt's nutrition business and brands as well as related industrial operations from Carol Info Service
-Carol Info will be in focus (stock was up 20% yesterday - subsidiaries of Wockhardt)
-Carol Info Services (earlier known as Wockhardt Life Sciences) makes these nutrition products at its factories, as an outsourced function
-Khorakiwala family owns about 64% of the co company
-The deal is more than double the amount at which it had signed a similar deal with US pharmaceutical giant Abbott a year ago ((Abbott deal was called off after Wockhardt’s lenders opposed the sale of its nutrition business))

NMDC says -Shocked by allegations of Lokayukta report
-To clarify issues regarding alleged under-voicing
-Cabinet approves long-term iron-ore contract prices
-Iron-ore spot prices tend to be higher than long-term rates
-No question of under-selling NMDC products
-'Lokayukta confused about spot & long-term prices'
-'Strongly deny Lokayukta report; it is misconceived'
-CEP report says no violation of environmental norms by co
-CEP report says no illegal mining by co
-SC ban on mining in Bellary a  'Stock-taking Exercise'
-Have suspended total ops; waiting for August 5 SC decision

Bangalore Chamber of Commerce says 
-Bellary suspension to affect 20 mt/yr capacity for industry
-25% industry steel production to be impacted due to Karnataka issue
-Cascading effect of prices will push up inflation
-Production cuts among Karnataka iron, steel manufacturers in place

Other stocks and sectors that are in news today:
-West Bengal CM has pulled up JSW Steel’s Sajjan Jindal to convey her disapproval over the delay in the 10 mt project at Salboni in West Bengal (BS)
-Adani group acquires a 50% stake in 1.1 acre plot at Cumballa hill in Mumbai from DB realty for around Rs 150 crore (ET)
-Tata Metaliks to shut its Goa plant as Iron ore supply from Bellary district takes a hit in the back of mining ban
-DLF is selling a 27.4 acre plot in Gurgaon for around Rs 400 crore with Tata Realty & M3M developers in race to buy the land (ET)
-Natco Pharma applies for first compulsory licence to sell a generic version of Bayer’s patented medicine drug Nexavar (ET)
-GMR Infra opts out of race to acquire Australia based Bandanna Energy’s coal mines as due diligence finds local laws prohibiting foreign cos from mining on farm land (ET)
-JK Paper’s rights issue of 5.8 crore equity shares at Rs 42/sh open on August 8 ((CMP: 44.55))
-FM set to clear the merger of State Bank of Patiala & State bank of Hyderabad with SBI likely on August 6 (FE)
-Pheonix Mills has bought HBS realtors entire 8.6% stake in its Market City Development in Bangalore for Rs 17 crore (Mint)
-Apollo Global Management in talks with courier & shipping firm Gati for USD 100 million minority investment may involve up front equity & convertible instruments (TOI)
-Valuemart Info Tech board approves conversion of 31 lakh equity warrants into equity shares at Rs 6/sh to promoters 
-BEML forays into Thailand for export of mining equipments by appointing Paragon machinery as its distributor for Thailand
-Ex Dividend: VST Tillers Rs 9/sh, Shalimar Paints Rs 8/sh
-F&O ban: Deccan Chronicle, Gitanjali Gems

2nd August 2011, Closing Market Updates

2nd August 2011, Closing Market Updates 3:40

NIFTY OUTLOOK After making a high of 5551, profit booking was witnessed and Nifty finally closed at 5516.On the hourly chart, oscillators are trading in neutral territory, thus now in intraday, if Nifty starts trading above 5525 then we can see further upside till 5550-5600.However, as mentioned earlier, Nifty continues to form Lower Top and Lower Bottom on its daily chart as well as trading below its 21DEMA and 200DEMA, which still indicates weakness in Nifty.Thus, we still maintain our view that going forward Nifty has support at 5468 levels, which is 50% retracement level of the recent rally from 5195 to 5740. If in coming days, Nifty starts trading below the support of 5468 then we can witness further downside till 5400 which is 61.80% retracement level of the above mentioned rally.However, upside Nifty has resistance in the range of 5580-5600 where 5580 is the 200DEMA.
F&O OUTLOOK Muted action in Options segment on back of range bound session. Overall volumes in the F&O segment was relatively low indicating indecisiveness amongst the market participants. 5600 strike call added ~8.8 lacs shares in OI indicating writing at that strike. Maximum OI concentration is at 5700 strike call (~64 lacs shares) indicating supply zone for the markets. On the put side, 5400 strike holds maximum OI concentration (~66 lacs shares). 5500 strike put witnessed marginal writing and have added ~10.7 lacs shares in OI. We have equal OI concentration at 5500 strike call and put (~50 lacs shares) which indicates that market is likely to consolidate at that level. This is further supported by the fact that market closed near 5500 after opening with a positive gap yesterday. Option chain suggests the range of 5400-5700 for current expiry. August month Options IVs cooled off and were trading at 17-19%. India VIX index closed at 18.8% with a loss of 5%.

In Nifty50 stocks, NTPC was the top gainer by 2.63% and ended at 181.50. JPASSOCIAT was the top loser by 5.01% decline and ended at 60.40.


Major Global Indices : 
Hang Seng : -241.91
Nikkei : -120.42
FTSE : -45.08
CAC : -27.05
DAX : -49.44
Dow Futures : -54.00
Nasdaq Futures : -12.00

2nd August, 2011 Morning Market Updates

2nd August, 2011 Morning Market Updates 8:40


Stock in news

Results today: DLF, Power Grid, Oracle Financial Services, Elecon Engineering, Mahindra Forgings, United Breweries Holdings, Mc Dowell holdings, Cognizant, Titagarh Wagons, Gulf Oil Corp, Piramal Healthcare, Future Capital Holdings, Rushil décor, Whirlpool India, Berger Paints, Ashapura Minechem, DS Kulkarni developers, Eimco Elecon, Radico Khaitan, Monnet Ispat, Firstsource Solutions, Dhampur Sugar, Mangalore Chemicals & Fertilizers, Globus Spirits, Uniply Industries, Halonix

Etisalat says -Majestic Infra Con makes unconditional plea withdrawal
-Welcome decision; in the best interest of Etisalat DB
-Majestic Infra Con is a DB Group promoter co

DB Group: Sources-DB group withdraws Etisalat's company law board plea
-Parties currently in talks towards a possible compromise
-DB had alleged operational mismanagement by Etisalat
-DB alleged delay in rollout of telecom operations by Etisalat

Suzlon says 
-Most turbine companies interested in indian markets
-Will soon introduce REPower's equipment to India
-Expect market share to cross 50% over next 5 years

TNPL (Tamil Nadu Newsprint and Papers) Q1 (cr - crore, vs - versus)
-Net sales up 16% at Rs 336 cr vs Rs 290 cr 
-PAT down 68% at Rs 13 cr vs Rs 40 cr 
-EBITDA margin at 24.1% vs 27.6% 
-Along with higher total expenditure interest and finance charges were recorded up at Rs 32.5 cr vs Rs 8 cr pressurizing the PAT and margins

Andhra Petrochemical Q1FY12 
-Net sales up 1.2 times at Rs 157 cr vs Rs 72 cr 
-PAT up 2.25 times at Rs 13 cr vs Rs 4 cr 
-EBITDA doubled at Rs 27 cr vs Rs 13 cr

Ferro Alloy Q1FY12 
-Net sales down 12% at Rs 108 cr vs Rs 122 cr 
-PAT down 86% at Rs 3 cr vs Rs 22 cr 
-EBITDA down 76% at Rs 8 cr vs Rs 33 cr 
-EBITDA margin at 7.4% vs 27%

Other stocks and sectors that are in news today:-Ex-bonus today: Ashok Leyland (1:1)
-Ex Dividend: Tata Power  Rs 12.5/sh
-F&O ban: Deccan Chronicle , Gitanjali Gems 
- JP Associates July cement sales at 1.45 mt versus 1.22 mt
- Ambuja Cement July cement sales at 1.7 mt versus 1.5 mt (YoY)
- Kotak Mahindra Bank to hike base rate by 25 bps w.e.f Tuesday, to hike deposit rates by 10-50 bps w.e.f Tuesday
- Eicher Motors July total sales up 34% at 4,152 units (YoY)
- Jyoti Structures has bagged orders worth Rs 438 crore from Vidyut Vitran co
- Surana Industries board approves issue of 80 lakh shares at Rs 500/share
- Shriram EPC wins an order to setup a 75 million litre diesel tank storage facility in Queensland Australia
-Govt asks oil marketing companies to cut wasteful expenditure to cut costs & minimize the need to raise prices – ET 
- KEC International is looking to acquire engineering & construction company in USA with for USD 80 million – ET 
- Sun Pharma set to pick up an 11% stake in an Israeli investment company specializing in life sciences – BS 
-Lupin plans to acquire a large Latin American pharma company to with an undisclosed amount (Mint)
-Finance Ministry mulls off-market deals for divestment in ONGC if  FPO fails to take off – DNA  
- GVK likely to rope in a partner for furthering its plans for tapping the potential in oil & gas sector (DNA)
- Aurobindo Pharma scouting for USD 100-200 million buyouts in the overseas markets of Europe & USA (DNA)
-Sony to buy ETV channels for Rs 2600 crore with JM Financial set to get back the money invested in 2008 

FIIs net sell USD 140.17 million in the cash market

MFs net buy Rs 108.3 cr in the cash market

NSE F&O Open Int was up by Rs 4123 crore at Rs 1.06 lakh crore

As per provisional data of August 1, FIIs were net buyers of Rs 86.83 cr in the cash market. FIIs were net buyers of Rs 128 cr in the F&O market. DIIs were net sellers of Rs 95.26 cr in the cash market.

1st August 2011 Closing Market Updates 15:41 

Market was range bound for the day.All eyes are expecting an anti nervous impact from Mr.President of U.S. about the Debt crisis.
In line with Asian markets, our markets opened higher but failed to sustain till the last session.Nifty gained 31 points and ended at 5513 after making an intraday high of  5551.90 whereas Sensex gained 99.22 points and ended at 18296.42.
Among BSE Sectoral Indices, IT sector gained the most by 0.90 % and Metal Index was the top loser by declining 1.22%.
In Nifty50 stocks, Ranbaxy was the top gainer by 4.48% and ended at 563.6. SAIL was the top loser by 5.10% decline and ended at 119.9
JSW Steel was the turnover topper by the traded value and Suzlon was the most traded stock on NSE today.
Major Global Indices : 
Hang Seng : +223.12
Nikkei : +131.98
FTSE : +79.24
CAC : +34.82
DAX : +47.56
Dow Futures : +142
Nasdaq Futures : +25.50

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.