Market Outlook: Indian market may have flat to positive opening today. Nifty has major supports at 4050 -4100 and resistances are at 4200-4250. A bounce back is expected.
Nifty Outlook: Pivot point: 4259
R1: 4385, R2: 4605, R3: 4731
S1: 4039, S2: 3913, S3: 3693
Indian ADRs: HDFC Bank down 7%, ICICI Bank, MTNL down 6%, Wipro down 4%, Tata Motors down 2%
Stocks in action for the day: Maytas, Satyam, Roman Tarmat, Bhuwalka
Results today: Prism Cement
Satyam – Sources: -CLB (Company Law Board) okays preferential allotment of Satyam shares to Venturebay -19.86 crore Satyam shares allotted to Venturebay Consultants -Money for share allotment to be deposited by July 9: CLB
MTN says: -Negotiations with Bharti still on for potential transaction -Shareholders should exercise caution when dealing in companies shares
Maytas Infra gets two airport projects in Karnataka:
CBDT (Central Board of Direct Taxes) chairman confirms tax holiday on gas NELP VIII onwards
Aegis Logistics board meet on July 9 to consider buy back
Roman Tarmat bags road development order worth Rs 24.6 crore
Bhuwalka Steel bags order worth Rs 40 crore for mild steel long products
Bajaj Hindusthan still in NSE F&O curb
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