Qualcomm, a maker of chips and other gear used in mobile phones

International News:

Qualcomm, a maker of chips and other gear used in mobile phones, warned late Wednesday that a more mild outlook for the economy this year has caused it to cut back expectations. In his State of the Union Address Wednesday night, the president said that boosting employment is his administration's "No. 1 focus in 2010" and that he was calling for a new jobs bill. He said the administration will work on beefing up hiring in the short term and creating sustainable jobs that grow wages in the longer term. Economy: The number of Americans filing new claims for unemployment fell to 470,000 last week, down from a revised 478,000 the previous week. Economists surveyed by Briefing.com thought claims would fall to 450,000. A report showed that December durable goods orders, a measure of manufacturing, rose 0.3% after falling 0.4% in the previous month. Economists expected orders to rise 2%. Federal Reserve Chairman Ben Bernanke was confirmed for a second term Thursday by the U.S. Senate. The final confirmation vote was 70-30. Minutes earlier, more than enough senators, 77, voted to end a filibuster on the nomination in a procedural move that required 60 votes. Microsoft Corp. said Thursday its earnings in the most recent quarter jumped 60 percent, as a rebound in the personal computer industry drove sales of the company's latest Windows operating system. But results in Microsoft's other divisions show that while consumers have resumed spending on new PCs, big corporations have not. After declining for three consecutive weeks food price inflation hit 17.4 percent for the week ended January 16, 2010. The Indian mobile service providers added a record 19.1 million users in December 2009, higher than 17.6 million added in November 2009. The CCI approved the proposal to develop a fourth container terminal at JNPT at an estimated cost of Rs.6,696 cr. The Finance Minister may target an inflation of 4 per cent, by the end of 2010-11. Havells India has acquired Standard Electricals for around Rs.120 cr. Aptech acquires Maya Academy for Rs.76 cr. Srei-led consortium, which has emerged as the highest bidder for the 57.17 per cent stake in DPSC, paid Rs.172 cr to Andrew Yule, LIC and United India Insurance, who have offloaded their stakes in the company. HPCL plans to invest Rs.25,000 cr to set up a refinery with an annual capacity of 15 million tonnes a year. BHEL signed a JV deal with Madhya Pradesh Power Generation Company Ltd for setting up a1,600 Mw supercritical thermal power plant in Khandwa district. Bartronics bags projects from 5 SBI associates.

Derivative news:

Nifty near contracts ends the expiry day up by 23.9 and adds OI by 22.9% (In active contracts). at a premium of 4.80 points compared to the discount of 4.95 points last day. Nifty near contracts ended the expiry down by 342.95 points over the close of Dec Expiry. Nifty OI PCR in active options at 1.143 compared to 1.203 at the close of the Dec expiry. Nifty VIX at 28.92 from 25.82 last day. Highest OI in Nifty put at 4800 Feb strike and calls is at 5200 Feb strike. Nifty rolls over 76.53% of the positions compared to 69.91% in last expiry. Highest rolls in no of contracts rolled over in the past 11 months. Market wide rollover seen at 82.6% compared to 87.09% in the previous expiry. IBREALEST, TATACHEM, SINTEX, SYNDIBANK, BEML, NATIONALUM, UCOBANK, BOSCHLTD, PUNJLLOYD, ASIANPAINT, CROMPGREAV, GTLINFRA, FINANTECH, IOB, HINDPETRO, SIEMENS & OFSS etc sees more than 40% rise in rollover compared to the previous expiry.