BOR: Market Outlook: Indian markets may have flat to negative opening today as no action seen in the global peers

Market Outlook: Indian markets may have flat to negative opening today as no action seen in the global peers & on the local side concern on the monsoon which is expected to be lower than expected. Nifty has supports at 4500-4530 and resistances are at 4670-4730. Traders are adviced to buy at lower levels of the day with light volumes.

Nifty Outlook: (4586): The support for the Nifty is at 4421 and logical technical target at 4618.

On the global front: US markets end lower as commodities decline & Asian markets trading lower; Hang Seng, Nikkei down. The US markets ended lower for a second straight session as tech stocks dragged after tepid outlook from Cisco. Investors also remained jittery ahead of Friday's jobs report. In economic news, weekly initial jobless claims fell by 38,000 last week; more than expected. But continuing claims were more-than-expected at over 6 million, up from the previous week. Dow fell 24.71 points, or 0.3%, to 9,256.26. The S&P 500 index fell 5.64 points, or 0.6%, to 997.08. The NASDAQ Composite Index fell 19.89 points, or 1%, to 1,973.16.

Stocks in action for the day: Larsen, Dewan Housing, Hind Zinc

NHPC IPO opens today, closes Aug 12; offer of 167.73 cr shares, price band Rs 30-36

ADAG Says: Gas Price Of $4.2 mmbtu Is At Premium Of More Than 100%
Price Formula Applied By RIL Did Not Have Oil Min Approval RIL Gas Price Up 20% While Intl Crude Prices Down 50% Intl Gas Prices Came Down 75% In The Same Period Fertlizer Subsidy Can Reduce By Rs 5,000 Cr If Gas Sold At $2.34/mmbtu Alert: Murli Deora Said Gas From KG D6 Will Reduce Fertlizer Subsidy By Rs 3,000 Cr

Govt May Consider Revising Gas Allocation Priority Power Plants, Incl Existing Ones, May Get Top Priority Alert At Present, Fertiliser Sector Has First Priority Existing Power Plants 4th On Priority, New Power Plants 6^th

MCA: L&T Will Need CLB Nod For Stake Sale In Mah-Satyam L&T Has Not Moved CLB On Stake Sale In Mah-Satyam L&T's Stake Sale Mah-Satyam Legally Unviable

Fin Min Keen On Early 3G Auction FM Underlines Need For Urgent EGoM Decision On 3G Auction Next 3G EGoM Meeting Likely On August 20

Dewan Housing: Arm To Float PE Fund In Partnership With Redwood
PE Fund To Scale Up Size To Rs 3,000 Cr In 3-5 Years

Hind Zinc Ups Silver Rate To Rs 23,681/kg Vs Rs 23,592/kg:

Marico's 100% Bangladesh subsidiary ups IPO size to 10% from 5%

Carborundum Universal mulling demerger of China JV ops

x-split: Austral Coke from Rs 10 to Re 1 KGN Industries from Rs 10 to Re 1

1.64 cr Texmaco shares to hit the market ((QIP issue))

1.48 cr Tata Power shares to hit the market ((GDR issue))

Results today: Gati, Greaves Cotton ((FY09 ended June))

Index changes from Aug 14 ICRA to replace Matrix in BSE-500 index Matrix to be removed from BSE-Healthcare index (Matrix to get delisted)

SQL Start open offer at Rs 10.50/sh (CMP Rs 11.81)

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