BOR: Market Outlook: Indian markets may have flat to positive opening today.

Market Outlook: Indian markets may have flat to positive opening today. Nifty has major supports at 4280 -4320 and resistances are at 4450-4500. Mid cap stocks may outperform. This week would be gearing up for a hectic week ahead of the run-up to the Railway Budget on Friday & The forthcoming Union Budget on July 6 remains a major event risk and will play a key role in dictating market direction. Some positive cues on IPO market as on Finance Ministry plans to consider tax breaks in IPO, which can restate Indian IPO market.

Nifty Outlook: Pivot Point: 4334

R1: 4424, R2: 4474, R3: 4564

S1: 4285, S2: 4194, S3: 4145

On the global front: Wall Street ends flat: Dow down 34 points while Asian markets trading firm; Hang Seng, Nikkei up. It was a choppy and listless session on Wall Street yesterday. The Dow capped another down week with a loss as investors shrugged off a surge in consumer sentiment. Techs gained after encouraging earnings from palm. Financial stocks made a modest rally into the close after spending nearly the entire session showing weakness. The Dow was down 34.01 points, or 0.40%, to 8,438.39. But the S&P 500 index slid1.36 points, to 918.90. The NASDAQ composite index rose 8.68 points, or 0.47%, to 1,838.22.

Stocks in action for the day: Suzlon, Sun Pharma, Unitech, Wockhardt

Hero Honda to replace Ranbaxy in Sensex from today

Unitech: -Raises $ 575 million from second QIP (qualified institutional placement)-Filed for QIP of $ 275 million on Friday Received response of nearly $ 1 billion-DE Shaw, TPG, Halbis and Capital International believed to have participated-Equity dilution of 14.5%-Promoter stake to decline to 48% post second QIP

Suzlon: -Says talk of selling stake in Hansen in early stage-Cut debt by $111 million via buyback exchange mechanism-Looking to delist REpower Suzlon Q4 Consolidated -Total sales at Rs 9,121 crore versus Rs 4924 crore-Net profit at Rs 314.89 crore versus Rs 464.82 crore-Without AS11 reversal, profits will be Rs 12 crore versus Rs 500 crore-Margins at 8.8% versus 17.7%

Sun Pharma Concall: -Withdraws FY10 guidance, will re-issue after US FDA issue at CaracoAlert: Co guided for 13-15% sales growth in FY10-Inventory of about $15-20 million been seized at Caraco facility-Do not see recall of Caraco products already in market

Govt Sources: Exclusive-Announcement on deregulation of fuel prices expected soon-Kerosene and LPG not to be deregulated-Fuel price hike imminent -Petrol

price hike without subsidy likely to be Rs 6 a litre-Diesel price hike without subsidy likely to be Rs 3/L

Banking Sources : Exclusive-Maytas CDR (corporate debt restructuring) package to be finalised this week-Total debt at Rs 1750 crore; interest rate revised to 10-11%

Tata Motors FY09 Consolidated -Revenues at Rs 70,938 crore versus Rs 35,660 crore -Loss before tax of Rs 2129.2 crore versus Rs 3086.2 crore
-Net loss of Rs 2,505 crore versus PAT of Rs 2167 crore

TVS Motors FY09 Standalone-Revenues up 16% at Rs 3,736 crore versus Rs 3,219.5 crore-OPM at 5% versus 2.2%-Net profit flat at Rs 31 crore

India Cements Q4 Standalone-Revenues at Rs 980.18 crore versus Rs 978.10 crore-Net profit down 10% at Rs 93.86 crore versus Rs 104.44 croreFY09 (Consolidated)-Net Sales up 11.8% at Rs 3,977 crore versus Rs 3,555.7 crore-Net Profit down 34.2% at Rs 422.4 crore versus Rs 641.6 crore

Glenmark Q4: -Net sales down 14% at Rs 491 crore versus Rs 573 crore
-Operating loss of Rs 43 crore versus operating profit of Rs 223 crore
-Net loss at Rs 121 crore versus profit of Rs 219 crore

IFCI Q4-Revenues down 20.31% from Rs 447.05 crore to Rs 356.26 crore
-Other Income at Rs 13.32 crore versus Rs 4.3 crore-Net Profit of Rs 142.54 crore versus net loss of Rs 42.52 crore

Gujarat NRE Coke FY09 Cons:-Net sales up to Rs 1522.6 crore versus Rs 887 crore-PAT down to Rs 90.76 crore versus Rs 127.32 croreQ4 (YoY)
-Net sales down to Rs 214.58 crore versus Rs 380.6 crore-Net loss Rs 103 crore versus Profit of Rs 64 crore

HMT 09 Consolidated-Net sales at Rs 367.55 crore versus Rs 481.64 crore
-Net Loss At Rs -351.51 crore versus net loss of Rs 301.03 crore Standalone
-Net sales at Rs 159.06 crore versus Rs 171.08 crore-Net loss at Rs 70.79 crore versus net loss of Rs 44.67 crore

Spicejet Q4:-Net loss at Rs 7.83 crore; net sales at Rs 417 crore

Madras Fertiliser Q4 YoY Non Consolidated-Revenue down 38.4% to Rs 222.25 crore versus Rs 360.75 crore-OPM at 0.46% versus 1.47% -Net loss of Rs 27.57 crore versus Rs 13.77 crore-EBITDA at Rs 1.02 crore versus Rs 5.29 crore

Pyramid Saimira Board Approves-QIP of up to 1 crore shares
-Issue of 1 crore warrants to promoters

Shree Renuka Sugars QIP Priced At Rs 137/share

SBI announces new auto loan rates at 8% (8% flat for 1st year, 10% for next 2 years)

BK Birla to up holding in group companies

MTNL to launch 3G Service in Mumbai on July 15

Mahindra Holidays IPO subscribed 6.6 times ((closed on Friday))

Rishabhdev Technocable to list today, issue price Rs 33

Hindustan Zinc ups lead prices by Rs 700/t to Rs 96,200/t

Aro Granite buy back up to Rs 55/sh opens on today

Allahabad Bank cuts BPLR by 25 bps to 12%

Exclusive: Sources Say: S Kumars & US Partner Emerisque completes Hartmarx Asset buy

Ex-dividend: Bajaj Auto @ Rs 2, Wipro @ Rs 4

Ex-bonus: Dolphin Offshore @ 2:5, ex-bonus @ Rs 3

F&O cues: Total Futures Open Int up by Rs 2,470 crore, total Options Open Int up by Rs 2,829 crore

Nifty up 3.2%, Futures up 3%

Nifty July Futures at 9-pt premium versus 18-pt premium on Thursday

Nifty IVs between 35%-39%

Nifty Open Int Put Call Ratio remains at 0.94

Nifty Calls add 28 lakh shares in Open Int, Nifty Puts add 26 lakh shares in Open Int

Nifty 4300 Put adds 6.7 lakh shares in Open Int

Nifty 3900 Put adds 5.2 lakh shares in Open Int

Nifty 4700 Call adds 4.95 lakh shares in Open Int

Nifty 4400 Call adds 4.27 lakh shares in Open Int

Nifty 4000 Put adds 4.27 lakh shares in Open Int

Stock Futures add 5.8 cr shares in Open Int