BOR: Market Outlook: Indian market may have flat to negative opening today on account of weak global cues.

Market Outlook: Indian market may have flat to negative opening today on account of weak global cues. Nifty has supports at 5000-5050 and resistances are at 5150-5180. The dips should be used as buying opportunity. Markets are likely to consolidate at current levels before moving higher whilwe buying support is likely to limit the downside.

Results today: L&T, Piramal Healthcare, Biocon, Allahabad Bank, Action Construction, Adlabs, Asian Oilfield, Asian Paints, Bhushan Steel, Binani Cement, Cambridge Solutions, Coromandel, DCM Shriram Consolidated, Edserv, Fag Bearings, Globus Spirits, Hanung Toys, Henkel India, Hikal, Hindustan Organic, Hindustan Zinc, ICI India, Info Edge, JSW Holdings, Jubilant Organosys, Kale Consultants, Kirloskar Brothers, Mount Everest Mineral, Noida Toll Bridge, Rain Commodities, Rama Newsprint, Rane Brake, Raymond, Rolta India, Spice Comm, Sunflag Iron, Tata Coffee, Unichem, Vimta Labs, WWIL

Global events to watch for today:

• US Jobless Claims
• FHFA House Price Index
• EIA Natural Gas Report
• Money Supply

Global indices Update @ 9:

Dow Jones : 9949 (-92.12)

Nasdaq : 2150 (-12.74)

Nikkei 225 : 10210 (-122.61)

Hang seng : 22026 (-291.75)

SGX CNX Nifty : 5035 (-33.00)

INR / 1 USD : 46.44

On the global counter: Wall Street ends lower; oil records new 2009 high & Asia trading lower; Hang Seng, Nikkei down. In the US markets, stocks finished lower after banking counters were downgraded rating on Wells Fargo to sell from hold, saying there was serious erosion in the bank's loan quality in the third quarter. In earnings from the US, Morgan Stanley reported better-than expected quarterly profit on strong fixed income sales and trading revenue. Consolidated net revenue in the quarter was 8.7 billion dollars. The stock was up 5% in trade.

Stocks in action for the day: Tata Motors, Edelweiss, Pipavav, Tata Tea

DFC & JP Associates to replace Nalco & Tata Communication in Nifty from today

RIL Counsel: Can't sell gas to RNRL without govt nod -Revenue to be hit if gas sold at $2.34/mmBtu to RNRL Will recover Rs 20,000 crore out of investment if gas sold at $2.34
((company had invested Rs 30000 cr))

JP Associates board approves 1:2 bonus issue: JP Associates Q2: -Net sales up 52% at Rs 1888.85 crore versus Rs 1239.93 crore -OPM at 27.54% versus 32.6% -PAT up 4.27x at Rs 870.19 crore versus Rs 203.37 crore -Extraordinary income of Rs 941.76 crore on sale of treasury shares
-Profit after Interest before exceptionals at Rs 175.23 crore versus Rs 282.53 crore

Vineet Nayyar: -NYSE seeks sufficient reason for delay in publishing company A/c -NYSE cannot delist Mahindra Satyam if reason is furnished Mahindra Satyam says won deals worth 30 million UAE Dirhams in Q2FY10

Jai Balaji Industries opens $50 million QIP book QIP priced at 239/share ((CMP Rs 255))

Galleon says group's hedge funds will be liquidated: Alert: Galleon holds 7.04% stake in Edelweiss, 2.3% in Shriram EPC & 0.22% in Pipavav

Tata Motors: Minor short circuits caused localised meltdown -See no generic trend in incidents reported so far -Not recalling Nano cars as of now -May carry out preemptive audit check on 7,500 cars dispatched -Alert: 7,500 Nanos have been despatched to customers so far

Ispat promoters opt not to convert 11.32 crore warrants ((issued at Rs 44.69, CMP Rs 23.55))

Thinksoft Global to list on October 26, issue price at Rs 125

2.99 crore Tata Motors shares to hit market ((issued underlying GDRs))

Subex gets RBI nod to restructure $180 million FCCBs

Walchandnagar Industries board meet on October 28 on QIP issue

Ind Swift looking for acquisitions abroad worth Rs 350 crore

Kingfisher comes into NSE F&O curb

Spanco bags contract from Orissa govt to set up data centre

LIC hikes stake in Tata Tea to 13.93% by acquiring 2.38% in open market

RPG Cables planning to rope in strategic investor to raise Rs 200 crore.

ONGC may hive off Assam asset

Hero Honda Q2: -Revenues up 27% at Rs 4059 crore versus Rs 3202 crore ((Estimate Rs 4062 crore)) -OPM at 18.3% versus 13.5% ((Estimate 17%)) -PAT up 95% at Rs 597 crore versus Rs 306 crore ((Estimate Rs 537 crore)) -Realisations up 4% YoY to Rs 34,144/unit

Everonn Education Q2: -Net profit at Rs 11.8 crore versus Rs 6.5 crore -Net sales at Rs 73 crore versus Rs 43 crore -OPM at 27.4% versus 26.7%

Indraprastha Medical Q2: -Net profit at Rs 8.6 crore versus Rs 5.94 crore -Net sales at Rs 113.5 crore versus 96.7 crore -OPM at 9.77% versus 6.2%

Adhunik Metaliks Q2: -Net profit at Rs 11.5 crore versus Rs 23.8 crore -Net sales at Rs 311.7 crore versus Rs 376 crore -OPM at 11.4% versus 14.2%

Agro Tech Foods Q2: -Net profit at Rs 5.36 crore versus Rs 4.45 crore -Net sales at Rs 161.6 crore versus Rs 206.9 crore

Lanco Ind Q2: -Net profit at Rs 15.3 crore versus Rs 3.2 crore -Net sales at Rs 176 crore versus Rs 158 crore -OPM at 18.2% versus 10%

Wabco TVS Q2: Net Profit at 19 crore versus Rs 27.09 crore -Net Sales at Rs 139 versus Rs 235.4 crore OPM at 16.9% versus 13.7%

Thirumalai Chemicals Q2: Revenue up 18.87% to Rs 164.89 crore versus Rs 138.71 crore -EBITDA of Rs 15.48 crore versus loss of Rs 3.69 crore OPM at 9% versus -2.7% -PAT of Rs 6.76 crore versus net loss of Rs 5.59 crore.