BOR: Stocks in Action for the day: Satyam, HDFC, Idea, Maruti, Firstsource, Welspun & Surana Industries

Satyam: R1: 42.9, R2: 44.1, R3: 44.9, S1: 40.9, S2: 40.1, S3: 38.9

Satyam: -Sources say: Company paid arrears to eligible employees between February 23-24 -Company says submitted letters to SEBI, US SEC detailing bidding process -Company says no intention to register any securities in US
-Company says no intention to make public offer of securities in US

HDFC: R1: 1598, R2: 1631, R3: 1666, S1: 1529, S2: 1494, S3: 1461

HDFC reduces home loans rates by 50 bps effective today

Maruti: R1: 754.2, R2: 774.3, R3: 792.5, S1: 715.8, S2: 697.6, S3: 677.5

Maruti Splash or Ritz likely to be launched in the second week of May

Welspun: R1: 71.4, R2: 74.9, R3: 77, S1: 65.9, S2: 63.8, S3: 60.3

Welspun ties up Rs 700 crore for Vikram Ispat buy. ((Grasim sold Vikram Ispat to Welspun last year for Rs 1000 crore))

Surana Industries: To be in action @ upper circuit

Surana Industries open offer at Rs 154.6/sh ((CMP Rs 64))

Firstsource: R1: 15.7, R2: 17, R3: 17.9, S1: 13.6, S2: 12.7, S3: 11.4

Firstsource recasts operations, to reorganize into 4 strategic units