Market Outlook: Indian markets are likely to open in flat face following the global trend.

Market Outlook: Indian markets are likely to open in flat face following the global trend. Positive buildup continues while nifty may go upto 2975-3000 levels & see limited upside beyond that. The elections would be the next major trigger to direct markets momentum.

Nifty Outlook: Pivot level: 2895
R1: 2951, R2: 2982, R3: 3037
S1: 2864, S2: 2809, S3: 2777

Indian ADRs: Satyam down 6%, ICICI Bank up 3%, Infosys, HDFC Bank, Tata Motors up 1%

On the global front US markets ended flat as the much-anticipated bank-rescue plan was delayed for another day. Financials gain amid hopes the bailout will save the stocks. Wall Street ends flat; Dow down 10 points while Asia trading mixed; Nikkei, Hang Seng up

Stocks in Action for the day: TTML, Aegis Logistics, HCC, Indiabulls Real Estate, GE Shipping, GSS America

TTML: -NTT DoCoMo gets SEBI nod for TTML open offer, likely to begin on February 24: NTT DoCoMo made open offer for TTML for Rs 24.70/sh ((CMP Rs 23.05)) -Promoters pledged 49.7% stake in company. Sources

Aegis Logistics: RIL terminates contract with Aegis Logistics following cut in import of petchem products ((RIL contributes 20% of Aegis storage business))

HCC: MSRDC fixes toll of Rs 45/trip one way for Worli-Bandra sea link, which will open for public from May 1 ((HCC will be in focus))

Indiabulls Real Estate promoters let 1.5 crore convertible warrants lapse ((conversion price was Rs 300, CMP Rs 99))

GE Shipping promoters, others let 49.95-lakh convertible warrants lapse ((conversion price was Rs 313, CMP Rs 217))

LKP Finance buy back at Maximum Rs 90/sh ((CMP Rs 58))

GSS America buy back offer at Max Rs 250/sh ((CMP Rs 104))

Stocks in News: Satyam, Tata Steel, Wipro, Bajaj Auto, Deccan Chronicle, JP Hydro Power

SEBI may seek details of end use of pledge shares

Satyam update: -AP CM writes to PM asking CBI to take over case from CB-CID
-Board to meet next on Wednesday in Mumbai -Sources say SEBI, SEs examining L&T chairman AM Naik's comments on company

Tata Steel: Tata Sons pledged 13.19% stake; Tata Investment pledged 0.34% stake

Wipro says eyeing acquisitions in Europe with revenues of at least $ 100 million:

RBI allows FIIs to buy further shares of Arihant Foundations as their holding falls below limit

Bajaj Auto to hike stake in KTM to 30% from 25%

M&M in talks to acquire Australian aerospace firms

Chola DBS to dip into reserves to offset losses, waiting for shareholders nod

RCF lines up Rs 4000 crore to restart Trombay plant, to finalize deal to buy KG gas through Gail

Deccan Chargers yet to pay franchise fees – ET ((Owned by Deccan Chronicle))

JP Associates pledged 60.08% in JP Hydro Power stake

Dhampur Sugar says promoters pledged 16.6% stake