BOR: Market Outlook: Indian market will have positive opening today on the back of strong global cues.

Market Outlook: Indian market will have positive opening today on the back of strong global cues. The Nifty has supports at 4400-4430 and resistances are at 4600-4650. Stocks of beaten down sectors are expected to bounce back. But overall local concerns on the lower rainfall below the normal level can put weak sentiments on the markets.

Nifty Outlook: Pivot Point: 4512
R1: 4560, R2: 4640, R3: 4688
S1: 4434, S2: 4384, S3: 4305

On the global frant : US markets end higher on encouraging Job report & Asian mkts trading higher; Hang Seng up 2.5%. The US markets ended in greener pastures on encouraging employment data. For the week, both the Dow and the S&P 500 closed with more than 2% gains. The US markets rallied on Friday, extending their winning streak to four straight weeks. In the economic news, the jobs report came in better than expected. The report showed 247,000 jobs were cut from non-farm payrolls last month, which was less than the 320,000 expected. The unemployment rate eased for the first time since April by coming in at 9.4%, down from 9.5%. The latest employment numbers showed signs of a stabilising job market. For the week, the Dow and the S&P 500 gained more than 2 percent, while the Nasdaq gained 1.1%

Stocks in action for the day: Bharti, Moser Baer, Maruti, Rel Power

Bharti-MTN Deal Update: -Bharti considers sweetening proposal for MTN stake: -Bharti may raise MTN offer by 5-10%:-Bharti may up cash component in new offer: -Bharti, MTN decline to comment on development

Hyderabad Metro: -Reliance Infrastructure, Lanco Infratech in race for Hyderabad Metro:-GVK, Essar and L&T too approached Hyderabad Metro rail authorities: Srcs

Zenotech: -Daiichi Sankyo postpones open offer, will not open on August 11 -SAT has directed that status quo be maintained for open offer

Board meets:-Fortis Healthcare on terms of rights issue-Lok Housing on ADR/GDR/FCCB/QIP issue

Murli Deora says RIL D6 Block gas output to generate revenues of $42 billion

NHPC IPO subscribed 3.54 times on opening day; QIP subscribed 6 times

Tata Motors may buy 20% stake in Tata Motors (Thailand) from JV partner Thonburi Automotive:

Reliance Power acquires 100% stajke in SPV to implement Tilaiya UMPP from PFC

SC notice to Moser Baer on why it should not be asked to pay income tax worth Rs 2,978 cr

Peninsula Land plans to raise Rs 500 crore via QIP issue

Essar group in race to buy UK’s second largest refinery – Shell’s Stanlow complex

Maruti, Hyundai exports hit as European countries remove ‘Scrappage’ incentives

ONGC may get Cairn royalty reimbursed

Raj Oil Mills to list on August 12, IPO issue price Rs 120 a share

Adlabs Films board meet on August 12 to consider rights issue

GAIL signs gas sale & transmission pact with Rajasthan Rajya Vidyut Utpadan Nigam

Aegis Logistics buyback not to open today ((offer up to Rs 16.7 crore, maximum price Rs 143 a
share))

REI Six Ten Retail board approves issue of convertible debentures up to Rs 100 crore

Prism Cement board approves amalgamation of H&R Johnson & MC Readymix with itself

Tantia Constructions bags orders worth Rs 221 crore

Ex-dividend: Cipla @ Rs 2

Tilaknagar open offer at Rs 94/share

Hasti Finance open offer at Rs 14.75/share ((CMP Rs 15.18))

F&O cues: Total Fut Open Int down by Rs 2,104 crore

Total Fut Open Int down by Rs 2,104 crore
Total Options Open Int up by Rs 1771 crore
Nifty Aug Fut trading at a 7-pt discount versus 11-point prem
Nifty down 2.3%, Futures Open Int down 3%
Nifty Open Int Put Call Ratio down from 1.06 to 0.98
Nifty IVs at 36-38%
Nifty Puts add 1.5 lakh shares in Open Int
Nifty Calls add 25.2 lakh shares in Open Int
Nifty 4600 Call adds 5.8 lakh shares in Open Int
Nifty 4800 Call adds 4.2 lakh shares in Open Int
Nifty 4900 Call adds 3.2 lakh shares in Open Int
Nifty 4700 Call adds 2.7 lakh shares in Open Int
Nifty 4500 Put sheds 1.8 lakh shares in Open Int
Stock Futures sheds 3.4 cr shares in Open Int