Market Outlook: Indian markets will have negative opening today on account of weak global cues. Nifty has major supports at 4050-4100 and resistances are at 4250. Markets are expected to remain weak.
Indian ADRs: Tata Motors down 2%, HDFC Bank, Infosys, Wipro down 1%, Satyam up 2%, MTNL up 1%
Wall St slips on poor economic data; Dow down 161 pts & Asia trading weak; Hang Seng, Nikkei down US stocks tumbled on Tuesday as talk of a second government stimulus plan added to concerns that the economy is not recovering as fast as expected, ahead of the earnings season.
Stocks in action for the day: L&T, Educomp, KEC Intl, Zenotech, TRF
Results today: IndusInd Bank, Moser Baer
Educomp - Exclusive Sources: -Educomp QIP (qualified institutional placement) opens; priced between Rs 3725-3750/share -Educomp plans to raise $100-150 million via QIP: Sources -Expected dilution of 7-10% in Educomp post QIP equity
L&T - Mint Exclusive: -L&T to sell its fuel dispenser business to US based Gilbarco
-Gibarco Veeder-Root in final stage of signing agreement with L&T -Gibarco to buy L&T's dispenser business for Rs 243 crore -L&T spokesperson declined to comment on issue
Zenotech Labs: -SEBI clears Daiichi Sankyo's open offer for company -Daiichi's 20% open offer for company valued at Rs 78.22 crore -Alert: Daiichi's 20% open offer for company at Rs 113.62/share
KEC International: -In talks with American company for acquisition -American company has turnover of around $150 million -Separates railways business into separate vertical
Sun Pharma gets US FDA nod for generic Casodex tablets
Essar Steel close to acquiring Shree Precoated Steel for Rs 800 crore –((demerged steel business not listed yet))
SI Group accepts discovered price of Rs 70 a share for delisting
Excel Infoway IPO opens on July 14, closes July 17; price band Rs 80-85/share
Lanco Infratech bags Rs 52.3 crore order in Tamil Nadu
TRF to buy 51% stake in Sri Lankan company for $8.7 million
Indian ADRs: Tata Motors down 2%, HDFC Bank, Infosys, Wipro down 1%, Satyam up 2%, MTNL up 1%
Wall St slips on poor economic data; Dow down 161 pts & Asia trading weak; Hang Seng, Nikkei down US stocks tumbled on Tuesday as talk of a second government stimulus plan added to concerns that the economy is not recovering as fast as expected, ahead of the earnings season.
Stocks in action for the day: L&T, Educomp, KEC Intl, Zenotech, TRF
Results today: IndusInd Bank, Moser Baer
Educomp - Exclusive Sources: -Educomp QIP (qualified institutional placement) opens; priced between Rs 3725-3750/share -Educomp plans to raise $100-150 million via QIP: Sources -Expected dilution of 7-10% in Educomp post QIP equity
L&T - Mint Exclusive: -L&T to sell its fuel dispenser business to US based Gilbarco
-Gibarco Veeder-Root in final stage of signing agreement with L&T -Gibarco to buy L&T's dispenser business for Rs 243 crore -L&T spokesperson declined to comment on issue
Zenotech Labs: -SEBI clears Daiichi Sankyo's open offer for company -Daiichi's 20% open offer for company valued at Rs 78.22 crore -Alert: Daiichi's 20% open offer for company at Rs 113.62/share
KEC International: -In talks with American company for acquisition -American company has turnover of around $150 million -Separates railways business into separate vertical
Sun Pharma gets US FDA nod for generic Casodex tablets
Essar Steel close to acquiring Shree Precoated Steel for Rs 800 crore –((demerged steel business not listed yet))
SI Group accepts discovered price of Rs 70 a share for delisting
Excel Infoway IPO opens on July 14, closes July 17; price band Rs 80-85/share
Lanco Infratech bags Rs 52.3 crore order in Tamil Nadu
TRF to buy 51% stake in Sri Lankan company for $8.7 million
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