BOR: Market Outlook: Indian markets may have flat to positive opening today on the back of mixed performance in the global peers.

Market Outlook: Indian markets may have flat to positive opening today on the back of mixed performance in the global peers. Nifty has supports at 4500-4530 and resistances are at 4700-4750. Overall outlook for the markets today is that of continued optimism as long the overseas cues are neutral / positive. As long as the Nifty remains above the 4630 levels, the bulls may retain their initiative & it will only be a fresh buying that will take the market up.

Nifty Outlook: Pivot Point: 4625

R1: 4680, R2: 4724, R3: 4778

S1: 4582, S2: 4527, S3: 4484

On the global front: Wall Street ends flat; crude jumps to $69/bbl while Asia trading lower; Nikkei, Shanghai Composite down. In the Wall Street action, the Dow pulled off a modest gain on Friday, capping a rocky week and month. Markets stayed in the green for much of the day after the Q2 GDP showed a less than expected contraction. For the session all major indices remained in a trading range. In economic news the advance Q2 GDP report showed that the economy had contracted at an annualized rate of minus 1%. This marks the fourth consecutive quarter of decline. But the number was an improvement from expectations of a 1.4% decline. On Friday, the Dow gained 17.15 points, or 0.2%, to 9,171.61. The S&P 500 index added 0.73 points, or 0.1, to 987.48, while the Nasdaq Composite slipped 5.80 points, or 0.3%, to 1,978.50.

Stocks in action for the day: Bharti, Maruti, M&M, Mah Holidays, Lanco, Jindal Po, Aegis Logistics & Mahindra Holidays

Bharti-MTN deal - -MTN keen to take firm plan on Bharti deal on August 17 -Alert: MTN's board meeting to take place on August 17 -MTN did not discuss Bharti deal in last 4 board meetings -Excl talks between Bharti-MTN likely to be extended by 2 weeks

Maruti July YoY: -Total sales up 33.5% at 78,074 units -Passenger car sales up 29.4% at 67,314 units -Domestic sales up 27.6% at 67,528 units -Exports up 87.3% at 10,546 units

TVS Motor July Sales: -2 Wheeler sales at 1.21 lakh units versus 1.2 lakh units (YoY) -Scooter sales at 27,673 units versus 24,156 units (YoY) -Exports at 13,061 units versus 16,015 units (YoY)

M&M YoY: -Total sales up 27% at 22463 versus 17302 units -UV sales up 56% to 16688 units

Pantaloon Retail: -Pantaloon Retail puts restructuring plan on hold -Pantaloon to wait for more clarity on FDI notifications -Alert: Pantaloon shareholders earlier approved restructuring plans

Essar Oil: -Making $2 million payment to Kenyan govt to withdraw share buyback option -Investing $350-400 million to upgrade capacity of Kenyan Petroleum

Law Ministry says govt backs Oil Ministry in RIL-RNRL case

Exclusive: Adani Power QIB Subscribed 39.5 times post anchor allocation

Aban Offshore board approves QIP of up to Rs 2,500 crore

Hero Honda July total sales up 30.3% at 3.66 lakh units versus 2.81 lakh units

SBI says to achieve provision coverage up to 50%

Tata Motors close to signing aid deal with UK govt

JSW plans IPO of power business

Essar Steel close to buying Shree Precoated steel, deal to be closed in a week

Govt mulls drilling holidays for 3 years

L&T, US insurer Travellers part ways for Insurance JV

Andhra Govt seeks to blacklist IVRCL, co currently facing investigation for causing death of 2 workers

Aegis Logistics buy back at maximum Rs 143/share

Lanco Infra QIP floor price set at Rs 394.85/share ((CMP Rs 410))

Excel Infoways to list today, issue price Rs 85

REI Six Ten Retail board approves splitting FV of shares from Rs 10 to Rs 2

Gayatri Projects board approves issue of 10 lakh shares to strategic investor Reliance Capital Trustee at Rs 185/share ((CMP Rs 240))

Jindal Poly board approves buyback up to Rs 73 crore at maximum price of Rs 400/share ((CMP Rs 295))

SEL Manufacturing board approves ADR / GDR / FCCB issue up to Rs 300 crore

ING Vysya Bank board meet on August 5 on GDR / FCCB / QIP / rights issue

Unity Infra bags new order worth Rs 72 crore

Mahindra Holidays to replace Megasoft in BSE-500 index from today

Ex-dividend: Tata Motors @ Rs 6

Results today: Rolta

F&O cues: Total Futures Open Int up by Rs 1372 cr

Total Futures Open Int up by Rs 1372 crore and Total Options Open Int up by Rs 1886 cr

Nifty up 1.4%, Futures Open Int up 4%

Nifty August Futures traded at 1- pt premium

Nifty IVs at 34-36%

Nifty Open Int Put Call Ratio up from 0.95 to 0.98

Nifty Puts add 18.9 lakh shares

Nifty Calls add 10.9 lakh shares

Nifty 4600 Puts add 6 lakh shares in Open Int

Nifty 4800 Calls add 3.6 lakh shares in Open Int

Nifty 4900 Calls add 3.54 lakh shares in Open Int

Nifty 4600 Call sheds 2.9 lakh shares in Open Int

Stock Futures add 3.3 cr shares in Open Interest