Market Outlook: Indian markets may have flat to negative opening today tracking weakness across overseas markets. Some amount of volatility is on the cards given that the F&O expiry is due later this week.Nifty has supports at 4550-4580 & resistances are at 4730. Markets are expected to consolidate today with upward biases.
Nifty Outlook: Pivot Point: 4612
R1: 4687, R2: 4731, R3: 4806
S1: 4567, S2: 4492, S3: 4448
On global counter: Wall Street ends flat; financial stocks plunge &
Stocks in action for the day: Bharti, Aban, NTPC, Puravankara, HCL Tech
Results today: HCL Tech FY09 ended June 30
Bharti-MTN deal update: :-RoC (Registrar of Companies) to scrutinise proposed GDR (global depositary receipt) issue before final SEBI nod -Alert: Bharti proposes to issue 25% equity through GDRs to MTN ((Top Bharti-MTN executives call on Indian Govt Ministers))
Reliance Communication: -Company plans to invest Rs 1,000 crore in Rural Telecom Infra -Company's investment to boost fibre optic, hybrid data network -Company may add 15,000 kilometers fibre optic capacity-Alert: Reliance Communication's current fibre optic capacity at approximately 1.75 lakh KM
Oil India: -Govt panel sets Oil India IPO price band at Rs 950-1,050/share -Alert: Oil India IPO to open on September 7, close September 11 -Govt to get up to Rs 2,205 crore from Oil India IPO -Company to raise up to Rs 2,770 crore via IPO
Board meets:
-Pyramid Saimira on issue of securities, de-merger of subsidiary
-Greenply Industries on terms of rights issue
-Bhandari Hosiery on rights issue
Indiabulls Property: -Indiabulls Property Investment Trust files for S$200 million rights issue
-Alert: Indiabulls Property Investment Trust is a REIT listed at SGX -New units to be issued to existing shareholders including IBREL -Primary purpose of rights issue is to repay/prepay loans -No firm decision taken on rights issue: IPIT To SGX
Power Secretary says NTPC may build
Finance Ministry wants 2G spectrum allocation halted
Shriram City Union Finance open offer at Rs 400/share, opens on August 27 ((CMP Rs 390))
BMC Turns the Powai lake tap off for L&T because of depleting storage levels in Mumbai’s reservoirs
Aban Offshore still in NSE F&O curb
F&O cues: Total Futures Open Int up by Rs 1616cr
Total Options Open Int down by Rs 79 crore
Nifty up 1.7%, Futures Open Int up 2%
Nifty August Fut trading at 7-pt premium versus 3-point prem
Stock Futures add 2.2 crore shares in Open Int
Nifty Open Int Put Call Ratio up from 1 to 1.09
Nifty Puts add 20.2 lakh shares
Nity Calls shed 25 lakh shares
NIfty 4500 Put adds 7 lakh shares in Open Int
Nifty 4400 Put adds 4.8 lakh shares in Open Int
Nifty 4600 Put adds 3.8 lakh shares in Open Int
Nifty Sept 4300 Put adds 3.3 lakh shares in Open Int
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