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

Market Outlook: Indian markets are expected to have flat to positive opening today. Nifty has supports at 4300-4350 and resistances are at 4450-4500. Trades may go long near support levels. The midcap segment remained the relative out performer of the session. Overall outlook for the markets today is that of cautious optimism as the overseas cues are mildly positive and bulls may attempt a comeback. Much will depend on whether the Nifty stays above the 4490 or not.

Nifty Outlook: Pivot Point: 4445

R1: 4511, R2: 4623, R3: 4688

S1: 4333, S2: 4268, S3: 4156

Results today: ACC, Ambuja Cements, Bharti Airtel, Idea Cellular, ITC, Maruti Suzuki, ONGC, Siemens, Biocon, Union Bank, United Breweries, Zee, Alstom Projects, Apollo Tyres, Bata India, Can Fin Homes, Century Enka, Deepak Fertilizers, Edserv Softsystems, Essel Propack, FAG Bearings, Gujarat Ambuja Exports, Gujarat Sidhee Cements, Gujarat State Petronet, Harrisons Malayalam, Hikal, HOEC, Indian Bank, Info Edge, Madras Cements, MRPL, Marico, Nagarjuna Fertilizer, PNB Gilts, Prithvi Information, Texmaco, Transformers & Rectifiers, United Phosphorous, Uttam Galva Steels, Zensar Technologies

On the global front: Wall St ends mixed; Dow slips on weak Morgan Stanley nos & Asian markets trading firm; Hang Seng up. The US markets ended mixed yesterday as both the Dow Jones and the S&P 500 ended the session in the red. However, the tech heavy NASDAQ successfully logged its eleventh straight advance. The Dow was down 34.68 points, or 0.4%, to 8,881.26. The S&P 500 slipped 0.51 points, or 0.1%, to 954.07, and the NASDAQ rose 10.18 points, or 0.5%, to 1,926.38.

Stocks in action for the day: Sun Pharma, ONGC, Bharti, Maruti, ITC

Jet Airways --Jet Airways says exploring options to raise additional capital -Jet Airways may be looking at raising $300-$400 million.

Bharti-MTN: -MTN board member and PIC Representatives In Mumbai -Alert: PIC is MTN's largest shareholder -MTN, PIC representatives met bankers & investors -Deal remains on track, September closure seen -Funding for Bharti-MTN deal lining up
-Cost of funds seen low at LIBOR plus 350-400 bps

Board meets: -Nagarjuna Fertilizers on re-issue of forfeited shares to promoters
-Zensar Technologies on buy back -Edserv Softsystems on issue of warrants on preferential basis

NHPC: -Issue size seen at up to Rs 5000 crore:-Finance Ministry, Power Ministry officials to meet on Friday to finalise IPO.

Adani Power IPO opens on July 28, closes July 31; offer of 30.16 crore shares ((including 5.28 crore for anchor investors)); price band Rs 90-100/share

Sun Pharma arm Caraco faces class action suit in US for allegedly failing to disclose adequate information; co declines to comment on suit to CNBC

ONGC may get to sell crude at near market price, official says govt has asked company to give discount of Rs 425 crore for last 3 months to oil companies

India Oil IPO in September, price band Rs 800-900/share, plans to raise Rs 2,000 crore

Sesa Goa allots 3.32 crore shares to promoter company Twin Star Holdings @ Rs 160.46/share ((CMP Rs 227))

Siemens bags orders worth Rs 109 crore From Power Grid Corp

Sources Say: Reliance Communication special audit period set to be extended by 3 months

Jaybharat Textiles board approves FCCB / GDR / ADR / QIP issue up to Rs 5000 crore

Raj Oil Mills IPO closes today, subscribed 0.24 times till now

TV Today buyback to closes today

Kalindee Rail board approves issue of 12 lakh convertible warrants to promoters

Kale Consultants board approves issue of up to 14.84 lakh shares / warrants to promoters on pref basis

Indo Zinc open offer from India Cements at Rs 22.5/share ((stock suspended from trading on BSE))

F&O cues: Total Futures Open Interest down by Rs 732 cr

Total Futures Open Interest down by Rs 732 crore and Total Options Open Interest up by Rs 659 crore

Nifty down 1.6%, Futures Open Interest up unchanged

Nifty July Futures trading at a 6-pt prem versus 4-pt prem

Nifty IVs at 32-35% levels

Nifty Open Interest Put Call Ratio at 1.22 versus 1.23

Nifty Calls add 7.9 lakh shares in Open Interest

Nifty Puts add 4.3 lakh shares in Open Interest

Nifty 4400 Call adds 4.8 lakh shares

Nifty 4000 Put adds 2.4 lakh shares

Nifty 4100 Put sheds 3.7 lakh shares

Nifty 4200 Call sheds 3 lakh shares

Stock Futures shed 79 lakh shares in Open Interest