BOR: Market Outlook: Indian markets may have positive opening today on account of strong global cues.

Market Outlook: Indian markets may have positive opening today on account of strong global cues. Nifty has supports at 4480-4500 and resistances are at 4680-4700. Markets are approaching near key resistance levels, some profit booking is expected. Overall outlook for the markets today is that of continued optimism as the overseas seem positive. As long as the Nifty remains above the 4540 levels, the bulls may remain in charge. The weekend session may see lighter commitment from the bulls.

Nifty Outlook: Pivot Point: 4542

R1: 4611, R2: 4650, R3: 4718

S1: 4503, S2: 4434, S3: 4395

Results today: Unitech, Hindalco, Nalco, Rel Comm, Reliance Capital, Suzlon, Tata Power, MTNL, ABB, Edelweiss, Indiabulls Financial, Indiabulls Retail, Indian Hotels, GMR Infra

On the global front: US markets hit 9-mth high; Nasdaq tests 2000 since October & Asian markets trading firm; Hang Seng, Nikkei up. The US markets rallied, logging the highest close since November, despite a late-afternoon pullback. Better than expected earnings and a strong treasury auction are some of the key triggers. It was the highest close for the Dow and S&P since November, and for the Nasdaq, since October. In economic news, the fall in number of people collecting unemployment benefits drove gains on Wall Street. The four week-moving average fell to its lowest level since January 24 and continuing claims were also at the lowest since April. At closing bell, the Dow Jones rose 83.74 points to close at 9154.46. The S&P jumped 1.2% to close near the 1,000 mark and the Nasdaq added 0.84% to finish under 2,000

Stocks in action for the day: Lanco Infra, Power Grid, WWIL, Lupin, DLF

Mercator Lines board approves: -Issue of securities up to $40 m -Issue of redeemable cumulative preference shares up to Rs 200 cr

Board meets: -SEL Manufacturing on FCCB/GDR/ADR/rights issue -Glory Polyfilms on FCCB/ADR/GDR issue-Evinix Accessories on acquisition / diversification -Powersoft Global on fund raising

Index changes from today: -PTC India to replace Adlab Films in BSE 200 -Dhanalakshmi Bank to replace Adlab Films in BSE 500 -Adlab Films to be removed from BSE midcap, tech indices

DLF Q1 (QoQ) -Revenues up 47% from Rs 1122.33 crore to Rs 1649.86 crore ((Estimates: Rs 1447.79 crore)) -Net profit up 148.97% from Rs 159.05 crore to Rs 396 crore ((Estimates: Rs 509.61 crore)) DLF Q1 (YoY) Revenues: Down 56.7% to Rs 1649.86 crore -Operating Profit: Down 71.39% to Rs 670.71 crore -Interest cost: Up 430.92% to Rs 287.39 crore -Net Profit: Down 78.75% to Rs 396 crore

Adani Power closes today, subscribed 6.86 times till now

Lanco Infratech QIP opens, plans to raise up to Rs 2500 crore

Power Grid board approves investment of Rs 1736 crore for plant

WWIL board meet on August 4 on terms of rights issue

Lupin says looking to make acquisitions in 3 European countries

Man Aluminium open offer at Rs 45/share ((demerged arm of Man Industries))

Zylog Systems board approves acquisition of 2 companies in US

Ex-split: Bharti comes out of ND period

Tech Mahindra to replace Corporation Bank in Nifty Midcap 50 Index from today

Results today: Aban, Adlabs, Aegis Logistics, AIA Engineering, Allsec, Anant Raj, Ansal Housing, Archidply, Aries Agro, Arvind, Assam Co, Astra Microwave, Aurionpro, Aurobindo, BL Kashyap, BAG Films, Bombay Dyeing, Bombay Rayon, Britannia, BSEL Infra, Burnpur Cement, Carborundum, City Union Bank, Classic Diamonds, Deccan Chronicle, Dhanalaxmi Bank, Dish TV, Dishman, Divi's, Dredging Corp, Dwarikesh Sugar, Easun Reyrolle, ENIL, Ess Dee Aluminium, Federal Bank, Gammon India, Gammon Infra, GE Shipping, Geodesic, HEG, Hotel Leela, House Of Pearl, ICSA, Inox Leisure, JK Cement, Kavveri Telecom, Kernex Micro, Kolte-Patil, Koutons Retail, KRBL, Lakshmi Vilas Bank, Landmark Property, Lloyds Steel, Man Industries, Mirc Electronics, Northgate, Omaxe, OnMobile, Orchid Chemicals, Oswal Chemicals, Page Industries, PBA Infra, Puravankara, PVR, Rei Six Ten Retail, Saksoft, Sakthi Sugars, Sical Logistics, Simplex Infra, Sterling Biotech, Subros, Syndicate Bank, Take Solutions, Tata Sponge Iron, Time Technoplast, Tulsi Extrusions, TVS Motor, Unity Infra, Videocon, Voltamp Transformers

F&O cues: Nifty Futures Open Int by Rs 10552 Cr. Strong Rollovers: Textiles (88%), Cement (85%), Power (85%) Weak Rollovers: Metals (71%), Sugar (72%), FMCG (75%)

Initial Open Int July June

Nifty Futures Open Int by Rs 10,552 crore versus Rs 9,069 crore

Stock Futures Open Int Rs 22,135 crore versus Rs 19,861 crore

Total Options Open Int Rs 23169 crore versus Rs 19,502 crore

Market-wide rollover at 75% versus 77% last series

Nifty Rollover at 69% versus 63% last series

Nifty August futures trading at 1-point premium

Nifty Open Int PCR starts at 0.95 (Same as last series beginning)

Nifty Puts add 23.8 lakh, Calls add 21.9 lakh shares in Open Int

Nifty Aug 4700 Call adds 7.3 lakh shares in Open Int

Nifty Aug 4500 Put adds 5.3 lakh shares in Open Int

Nifty Aug 4600 Call adds 5.2 lakh shares in Open Int

Nifty Aug 5000 Call adds 3.7 lakh shares in Open Int