BOR: Market Outlook: Indian market may have flat to positive opening today on the back of mixed performance in the global peers.

Market Outlook: Indian market may have flat to positive opening today on the back of mixed performance in the global peers. Nifty has supports at 4420-4450 and resistances are at 4600-4630. Market may witness some volatility today on account of F&O settlement. Overall outlook for the markets today is that of caution as the Nifty needs to remain above the 4525 levels to remain with the bulls. The impeding expiry will see higher choppiness. We expect Hexaware Tech to be in action for the day on the back of better than expected results.

Nifty Outlook: Pivot Point: 4502, R1: 4584, R2: 4655, R3: 4737,

S1: 4432, S2: 4349, S3: 4278

Results today: SBI, M&M, DLF, Reliance Infra, Indiabulls Real Estate, Indiabulls Securities, IOC, JP Hydro, Tata Chemicals, Wockhardt, Bharati Shipyard, Educomp, Essar Shipping, GMR Infra, Voltas, Welspun India

On the global front: Wall Street ends flat; crude drops nearly 6% & Asian markets trading mixed; Hang Seng up. The US markets ended flat yesterday in a range-bound trade despite a late attempt to revert losses after the Fed's beige book showed signs of improvement in regional economies. A disappointing auction of USD 39 billion worth of 5-year treasury notes also weighed on sentiment. In economic news, orders for durable goods; fell 2.5% in June, much more than expected. Meanwhile mortgage applications fell for the first time in four weeks. The Dow was down 26 points, or 0.3%, to 9,070.72. The S&P 500 index fell 4.47 points, or 0.5%, to 975.15, while the Nasdaq Composite Index was down 7.75 points, or 0.4%, to 1,967.76.

Stocks in action for the day: PNB, Axis Bank, SBI, Great Off, Aban

Great Offshore stake sale: -ABG Shipyard buys 3.8% stake in company via block deal
ABG Shipyard buys 19.25 lakh shares (BSE & NSE combined) Alert -ABG Shipyard currently holds 2% in Great Offshore -ABG Shipyard's open offer was at Rs 375 a share
ABG Shipyard will have to up open offer price

United Spirits says: -Will go for a QIP (qualified institutional investors) if required; plan to raise $300 million -Expect second tranche of fund raising in next 60-90 days

Jet Airways - -Jet Airways owes about Rs 260 crore to service tax department-Dues pertain to CENVAT credit wrongly availed between 2003-08.

PNB : -Looking for international acquisition -Due diligence on for stake sale in housing financial arm -Stake sale to be completed in 2-3 months

Axis Bank plans fresh GDR (global depositary receipt) issue in 1-2 months

Orbit Corporation plans Rs 250 crore QIP in few weeks

KSK Energy board approves Rs 2000 crore QIP issue

Promoters of MCX-SX set to pare stakes by 20% each, a prerequisite to start equity trading

Ranbaxy gets approval to market Ran-Ropinirolet tablets in Canada

Tata Motors developing new LCV with NESC of Korea

Tata Steel submits Rs 25 crore to BIFR for acquiring Indian Cable Co

Provogue India board meet on August 14 on buy back

5.61 crore Indiabulls Financial shares to hit the market ((QIP issue))

Ex-dividend: ACC @ Rs 10, SAIL @ Rs 1.30

Ex-bonus: Divis Labs @ 1:1

NSE bars further F&O positions in Aban Offshore as 95% of market wide limit hit

Results today: Adani Enterprises, Aftek, Allcargo, Amara Raja, Amtek Auto, Amtek India, Ansal Properties, Asian Electronics, Austral Coke, Bajaj Electricals, Bang Overseas, Bank Of Maharashtra, BEML, Berger Paints, Bhushan Steel, Birla Ericsson, Brigade Enterprises, Broadcast Initiatives, Cranes Software, Crew BOS, Elecon Engineering, FDC, Fedders Lloyd, Federal-Mogul, Financial Tech, First Winner, Fresenius Kabi, Global Vectra, GM Breweries, Godfrey Phillips, Greenply Industries, GSS America, Hanil Era, Hanung Toys, HBL Power, Heritage Foods, IL&FS Investsmart, India Foils, Indo Asian Fusegear, Ind-Swift Labs, Ind-Swift, Indus Fila, IPCA Labs, IVP, J Kumar, Jai Corp, Jain Irrigation, Jindal Photo, Jyothy Laboratories, Kohinoor Foods, Lloyd Electric, Lloyds Finance, Logix Micro, Mangalam Cement, Max India, Megasoft, Mercator Lines, MMTC, Monnet Ispat, Moser-Baer, Mundra Port, NCC, Parsvnath, Patni Computer, Petron Engineering, PTC India, Raj TV, Rane Holdings, Raymond, Rico Auto, RSWM, SEAMEC, Shriram City Union Finance, Shyam Telecom, Simbhaoli Sugars, Spice Mobiles, Sundaram Finance, Tamilnadu Petro, Tanla Solutions, Tantia Constructions, Todays Writing, Torrent Power, TV Today, TVS Electronics, Uflex, UTV Software, Vishal Info, Wabco-TVS, Zenith Exports, Zodiac JRD- MKJ