Market Outlook: Indian markets will have flat to positive opening today on the back of recovery seen in the Asain peers . Supports at 4450-4500 and resistances are at 4600-4680. Short term trades should buy on dips. Overall outlook for the markets today is that of cautious optimism as the markets will first react to RIL results. The undertone remains optimistic.
Nifty Outlook: 4550
R1: 4596, R2: 4624, R3: 4670
S1: 4522, S2: 4476, S3: 4448
Results today: Tata Motors, Ashok Leyland, BoB, BoI, Balrampur, Cadila, Dabur India, GSK Pharma, Glenmark, HT Media, Jindal Saw, M&M Fin, NTPC, Punj Lloyd, RCF, TTML, Titan, Areva T&D, Asian Hotels, Astral Poly, Astrazeneca, Atlanta, Balmer Lawrie, Blue Star, Castrol India, Central Bank, Century Textiles, Chennai Petroleum, DS Kulkarni, eClerx Services, EIH, Escorts, Everonn Systems, Fem Care Pharma, Finolex Industries, GMR Industries, Gujarat Alkalies, Gwalior Chemical, JK Paper, Karnataka Bank, Lakshmi Machine Works, LGB Bros, Lotus Eye Care, Micro Technologies, Morepen Labs, Motherson Sumi, MRF, Mukand, Munjal Showa, Murudeshwar Ceramics, Omnitech Infosolutions, Orient Paper, Phoenix Mills, Pidilite Industries, Ruchi Soya, SREI Infrastructure, Titagarh Wagons, Tourism Finance, UB Engineering
On the global front: Wall Street ends flat; Dow up 23.9 points & Asian markets trading firm; Hang Seng, Nikkei up. Wall Street ended Friday trade flat. But, it was a good weekly close for the markets with benchmark indices ending with almost 4% gains. Both the Dow Jones and S&P 500 reversed early losses to finish with modest gains. The Nasdaq logged its first loss in more than two weeks as tech stocks came under pressure. Its decline put an end to its 12-session streak of gains. This has been a landmark week for the Dow. It crossed 9,000 for the first time since January and gained 12% in a two-week run, a feat it hasn't achieved since 2000. At the close, both the Dow Jones was up 23.95 points, or 0.26%, to 9,093.24. and the S&P 500 gained 2.97 points, or 0.30%, to 979.26., while the Nasdaq shed 7.64 points, or 0.39%, to 1,965.96.
Stocks in action for the day: Cipla, SBI, S Kumar, Wockhardt, Aban
GMR: -GMR bids for UKs power EDF Energy’s Eggborough power station – Reports (Auction worth 300 million pound) -GMR Infra subsidiary GMR Energy buys EMCO’s power unit for undisclosed sum -GMR kicks off brand valuation exercise, in talks with Brand Finance
Cipla board meet on July 29 on QIP/NCD/FCCB issue ((along with results))
Indiabulls Financial issues 5.61 crore shares via QIP at Rs 171/share
SBI cuts deposit rates by 25-50 bps for some maturities from today
S Kumars board approves issue of 1.24 crore warrants to promoters on preferential basis
Ucal Fuel board approves issue of 82.17 lakh shares to promoters @ Rs 26.35/share
Wockhardt may go slow on asset sale plan
Godrej in talks to buy out Sara Lee’s stake in JV
JLR has sold one model as day since its launch on June 28
Tata Steel seeks option as Teesside talks fail
Ganesh Natrajan says Zensar Tech may acquire infra management companies or KPOs
Combat Drugs, Polypro Fibrils India to resume trading, no circuit filter today
Govt bans all exports of non-basmati rice: Sharad Pawar
Rishabhdev Technocable board approves issue of 30 lakh convertible warrants to promoters
Jet Airways board approves fund raising up to $400 million
Aban Offshore board meet on July 31 on FCCB/ADR/GDR/QIP issue
Andhra Cements board approves issue of 65 lakh warrants to strategic investor
Nifty Outlook: 4550
R1: 4596, R2: 4624, R3: 4670
S1: 4522, S2: 4476, S3: 4448
Results today: Tata Motors, Ashok Leyland, BoB, BoI, Balrampur, Cadila, Dabur India, GSK Pharma, Glenmark, HT Media, Jindal Saw, M&M Fin, NTPC, Punj Lloyd, RCF, TTML, Titan, Areva T&D, Asian Hotels, Astral Poly, Astrazeneca, Atlanta, Balmer Lawrie, Blue Star, Castrol India, Central Bank, Century Textiles, Chennai Petroleum, DS Kulkarni, eClerx Services, EIH, Escorts, Everonn Systems, Fem Care Pharma, Finolex Industries, GMR Industries, Gujarat Alkalies, Gwalior Chemical, JK Paper, Karnataka Bank, Lakshmi Machine Works, LGB Bros, Lotus Eye Care, Micro Technologies, Morepen Labs, Motherson Sumi, MRF, Mukand, Munjal Showa, Murudeshwar Ceramics, Omnitech Infosolutions, Orient Paper, Phoenix Mills, Pidilite Industries, Ruchi Soya, SREI Infrastructure, Titagarh Wagons, Tourism Finance, UB Engineering
On the global front: Wall Street ends flat; Dow up 23.9 points & Asian markets trading firm; Hang Seng, Nikkei up. Wall Street ended Friday trade flat. But, it was a good weekly close for the markets with benchmark indices ending with almost 4% gains. Both the Dow Jones and S&P 500 reversed early losses to finish with modest gains. The Nasdaq logged its first loss in more than two weeks as tech stocks came under pressure. Its decline put an end to its 12-session streak of gains. This has been a landmark week for the Dow. It crossed 9,000 for the first time since January and gained 12% in a two-week run, a feat it hasn't achieved since 2000. At the close, both the Dow Jones was up 23.95 points, or 0.26%, to 9,093.24. and the S&P 500 gained 2.97 points, or 0.30%, to 979.26., while the Nasdaq shed 7.64 points, or 0.39%, to 1,965.96.
Stocks in action for the day: Cipla, SBI, S Kumar, Wockhardt, Aban
GMR: -GMR bids for UKs power EDF Energy’s Eggborough power station – Reports (Auction worth 300 million pound) -GMR Infra subsidiary GMR Energy buys EMCO’s power unit for undisclosed sum -GMR kicks off brand valuation exercise, in talks with Brand Finance
Cipla board meet on July 29 on QIP/NCD/FCCB issue ((along with results))
Indiabulls Financial issues 5.61 crore shares via QIP at Rs 171/share
SBI cuts deposit rates by 25-50 bps for some maturities from today
S Kumars board approves issue of 1.24 crore warrants to promoters on preferential basis
Ucal Fuel board approves issue of 82.17 lakh shares to promoters @ Rs 26.35/share
Wockhardt may go slow on asset sale plan
Godrej in talks to buy out Sara Lee’s stake in JV
United Phosphorous eyeing Gharda Chem (Buzz has been for long, even Tata Chem was
reported to be in race) – Gharda promoter say stake sale likely in 3 months
reported to be in race) – Gharda promoter say stake sale likely in 3 months
JLR has sold one model as day since its launch on June 28
Tata Steel seeks option as Teesside talks fail
Ganesh Natrajan says Zensar Tech may acquire infra management companies or KPOs
Combat Drugs, Polypro Fibrils India to resume trading, no circuit filter today
Govt bans all exports of non-basmati rice: Sharad Pawar
Rishabhdev Technocable board approves issue of 30 lakh convertible warrants to promoters
Jet Airways board approves fund raising up to $400 million
Aban Offshore board meet on July 31 on FCCB/ADR/GDR/QIP issue
Andhra Cements board approves issue of 65 lakh warrants to strategic investor
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