BOR: Market Outlook: Indian Markets will have negative opening today on account of weak global cues.

Market Outlook: Indian Markets will have negative opening today on account of weak global cues. Nifty has major supports at 4200-4250 and resistances are at 4380-4430. Market is expected to remain volatile. Overall outlook for the markets today is that of caution as the weekend factor may curtail buying and the overseas cues cum budget may dampen optimism.

Nifty Outlook: Pivot Point: 4240

R1: 4392, R2: 4435, R3: 4487

S1: 4297, S2: 4245, S3: 4202

Results today: Educomp Solutions

Indian ADRs: Satyam up 3%, Infosys, Tata Motors, ICICI Bank down 3%, HDFC Bank down 3%

On the global space US mkts slip on disappointing jobs data; Dow down 223pts & Asia trading weak; Hang Seng, Nikkei slips. The US markets cracked on disappointing jobs data. The benchmark indices slumped nearly three percent each. The S&P 500 slipped 2.9% below the psychologically significant 900 level in the final half-hour of trade. This was the third straight weekly loss for the US markets. The US markets will remain shut today on account of their Independence Day. The jobs report, which sent the stocks lower showed a higher than expected job cut. The June non-farm payrolls report indicated that 4.67 lakh jobs were lost last month. Meanwhile the national unemployment rate now stands at 9.5%, less than the expected 9.6% decline. The Dow Jones plunged 223.32 points, or 2.6%, to 8,280.74. The S&P 500 index fell 26.91 points, or 2.9%, to 896.42 and the NASDAQ Composite Index fell 49.20 points, or 2.7%, to 1,796.52.

Stocks in action for the day: GVK Power, DLF, RComm, ACC, Balaji Tele

Ministry of State (MoS) Oil says: -No plan under consideration for gas price hike
-KG basin gas price in line with govt-approved formula

GVK Power – Exclusive -QIP (qualified institutional placement) closes; was oversubscribed: Sources -Was looking to raise $125-150 million via QIP: Sources
-QIP floor price at Rs 41.3/share: Sources

DLF - Exclusive: Sources -DLF to sell 50% stake in JV with Ackruti City
-DLF to sell stake to foreign fund -DLF looking at raising Rs 400 crore
-Deal could be signed next week -DLF refuses to comment on 'market speculation'

SR Batliboi on Wockhardt - -Company's liabilities sum up to Rs 1441.40 crore
-Co's liabilities exceed all foreseen cash/fund inflows

Reliance Communication says open to divesting stake in BIG TV

ACC June cement sales at 1.81 million tonnes versus 1.79 million tonnes (YoY)

Emami board approves Rs 310 crore QIP issue at Rs 310/share

Hindustan Dorr board approves Rs 250 crore rights/NCD issue

RIL to shut one distillation unit at Jamnagar for 2-3 weeks for maintenance

Century Textile to spend Rs 625 crore to develop mill land in Worli

Balco residual stake sale on fast track, 3 judge arbitration panel to meet in August

Balaji Telefilms gets show cause notice on service tax for Rs 63.5 crore

Avery India accepts discovered price of Rs 135 a share for delisting

Bajaj Hindusthan still in NSE F&O curb

Ex-dividend: Dr Reddy’s @ Rs 6.25

Board meets: JP Hydro Power on FPO / QIP / GDR / ADR / FCCB issue

F&O cues: Total Futures Open Interest down by Rs 149cr

Total Futures Open Interest down by Rs 149 crore, Total Options Open Interest up by Rs 2,332 crore

Nifty remains unchanged, Futures remain flat

Nifty July Futures trading at 3-pt discount

Nifty Open Interest Put Call Ratio at up from 0.92 to 0.93

Nifty Calls Add 23.2 lakh shares in Open Interest, Nifty Puts Add 24.6 lakh shares in Open Interest

Nifty IVs at 42-45% levels

Nifty 4800 Call Adds 8.6 lakh shares in Open Interest

Nifty 4300 Call Adds 6.6 lakh shares in Open Interest

Nifty 3900 Put Adds 5.6 lakh shares in Open Interest

Nifty 4200 Put Adds 4.1 lakh shares in Open Interest

Nifty 4000 Put Adds 3.6 lakh shares in Open Interest

Nifty 4700 Call Adds 3.5 lakh shares in Open Interest

Stock Futures Shed 1.2 cr shares in Open Interest