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 supports at 4450-4500 and resistances are at 4600-4680. Nifty may consolidate here before making its next move.

Nifty Outlook: Pivot Point: 4565

R1: 4603, R2: 4634, R3: 4671

S1: 4535, S2: 4497, S3: 4466

On the global front: Wall Street ends with moderate gain & Asian markets trading lower; Hang Seng, Nikkei down. The US markets ended modestly higher yesterday after a bout of profit taking early on. Gains were led by banks. The KBW banking index logged a 3.1% gain. On the economic front, the new home sales in June rose the most in more than eight years. Sales spiked 11% to hit a better-than-expected annualised rate of 3.84 lakh units. The Dow rose 15.27 points, or 0.2%, to 9,108.51. The S&P 500 index rose 2.92 points, or 0.3%, to 982.18, while the Nasdaq Composite Index rose 1.93 points, or 0.1%, to 1,967.89.

Stocks in Action for the day: Tata Steel, Glenmark, Cairn, NTPC, HUL

Results today: BPCL, Grasim, HUL, 3i Infotech, ABG Shipyard, Bajaj Hindusthan, Everest Kanto, GMR Infra, GVK Power, HMT, Kingfisher, Kotak Mahindra Bank, McDowell Holdings, Mahindra Ugine, Mcleod Russel, Mercator Lines, Mundra Port, Neyveli Lignite, Religare, REC, Tata Tea, Advanta India, Alembic, Arihant Foundations, Birla Corp, Bombay Burmah, Cholamandalam DBS, Clutch Auto, Emami, Engineers India, Four Soft, Genus Power, Gitanjali Gems, Godawari Power, Gokaldas Exports, Gujarat Gas, Gujarat Industries Power, GMDC, Gujarat Narmada Valley, GSFC, Havells India, Himatsingka Seide, HOV Services, KPR Mill, Karur Vysya Bank, KEC International, Provogue, PSL, Punjab Chem, Ratnamani Metals, Resurgere Mines, REC, SRF, Surana Telecom, Suven Life, Thomas Cook, Trent, United Breweries, VIP Industries

Adani Power: -IPO opens today, closes Jul 31 -Offer of 30.16 cr shares, including 5.28 cr for anchor investors -Price band Rs 90-100 -QIB placement of 30% at Rs 95/sh -Grey market premium of Rs 10

Mercator Lines on fund raising

Advanta India on merger of wholly owned subsidiary Unicorn Seeds with itself

SRF board on buy back

Tata Steel raises $500 million through GDR offer in London

Glenmark says to raise $250 million via FCCB/ADR/QIP issue

Cairn may be allowed to sell Rajasthan oil to non PSU refineries

NTPC says looking at coal blocks in Indonesia & Mozambique

India Cements makes open offer for Indo Zinc at Rs 22.50/share

BAG Films board approves issue of 1.5 crore convertible warrants to promoters

SEL Manufacturing board meet on July 31 on FCCB/GDR/ADR/rights issue