BOR: Market Outlook: Indian market may have positive opening today on account of firm global cues.

Market Outlook: Indian market may have positive opening today on account of firm global cues. Nifty has supports at 4920-4950 and resistances are at 5050-5080. A pull back is expected today.

Results today: BHEL, Dr Reddys Labs, ITC, NTPC, HCC, Punj Lloyd, IDFC, JSW Steel, Zee Ent, Zee News, Edelweiss, 3i Infotech, GSK Consumer, Pantaloon Retail, Titan, TVS Motor Ajmera Realty, Alphageo, Bata India, Bharat Forge, Birla Corp, Century Textiles, Compact Disc, Core Projects, Cyber Media, Electrosteel Castings, Four Soft, Gateway Distriparks, Gemini Communication, Graphite India, Greaves Cotton, Gujarat State Petronet, Indian Bank, ING Vysya Bank, Mirc Electronics, Tata Sponge, Technocraft, Tips Industries, Titagarh Wagons, Welspun India

Global events to watch for today:

• Existing Home Sales

Global indices Update @ 9:

Dow Jones : 10081 (+131.95)

Nasdaq : 2165 (+14.56)

Nikkei 225 : 10330 (+63.26)

Hang seng : 22558 (+348.44)

SGX CNX Nifty : 5050 (+48)

INR / 1 USD : 46.66

On the global counter: Wall Street gains on better than expected earnings & Asia trading higher; Shanghai Composite, Hang Seng up. The US markets rallied on Thursday as investors cheered some better than expected earnings and shrugged off a disappointing jobless report. Financials led the rally after travelers reported its profit more than quadrupled. In the day's economic news, jobless claims rose 11,000 to a seasonally adjusted 531,000 last week, more than expected. An index of leading economic indicators rose 1% in September, touching a two-year high and more than the 0.8-percent expected.

Stocks in action for the day: UltraTech, Wipro, Everonn, Shriram EPC

SC asks RIL to prove MoU not binding on company : -RIL board, shareholders had no knowledge of MoU (memorandum of understanding) -RNRL claims RIL board knew about MoU from media

Producers & multiplexes --Fresh battle breaks out between producers & multiplexes -UTV's latest release to be pulled off screens in protest -Multiplexes object to simultaneous release on DTH

KM Birla says no plan to merge Century Cement operations with UltraTech

IOC, HPCL, BPCL recover Rs 3,400 crore losses from upstream companies with ONGC contributing Rs 2,600 crore by way of discount on crude

Service tax department serves Rs 325 crore notice to Tata Motors for 5 years between FY05-FY09:

UP sugar millers to approach court for restraining crushers from operating in cane areas: ((Will help in increasing sugar production as these crushers divert material to illicit liquor industry))

Satyam’s virtual pool staff to get no pay after December 18:

Petronet to buy 10% stake in ONGC Petro additions ((OPAL)) – OPAL setting up Rs 12,440 crore petchem complex in SEZ at Dahej

Wipro, Delhi International Airport sign 10 years outsourcing pact ((sources say deal worth over $100 mn))

Gwalior Chemical board meeting on October 30 to mull buy back

Mahindra Forgings board meet on October 27 on fund raising ((including rights issue))

Everonn Education board approves increasing FII investment limit to 100%

Birla Cotsyn board meeting on October 27 on ADR / GDR issue

Aban comes into NSE F&O curb, Kingfisher still in curb

Galleon fund almost halves stake in Shriram EPC, sells 9.5 lakh shares

Tata Steel forms JV with MMTC for exploration and development of minerals

Ex-split: Birla Cotsyn from Rs 10 to Re 1

WWIL Q2 YoY: -Revenue down 16.7% to Rs 69.7 crore versus Rs 83.75 crore -EBITDA loss of Rs 9.66 crore versus Gain of Rs 43.8 lakh (OPM Negative versus 0.5%) -Net loss of Rs 40.6 crore versus Rs 21.97 crore-Exceptional outflow of Rs 56.2 lakh -Interest costs of Rs 17.8 crore versus Rs 14.4 crore

Reliance MediaWorks Q2 Consolidated: -Revenue at Rs 188.52 crore versus Rs 256.46 crore -OPM at 13% versus 18% -Net loss of Rs 11.14 crore versus Rs 20.766 crore ((not comparable as they do not contain demerged radio business and merged subsidiaries))

Raymond Q2: -Net profit at Rs 7.4 crore versus Rs 24.3 crore -Net sales at Rs 399 crore versus Rs 434 crore-OPM at 7.35% versus 7%

Asian Paints Q2: -Net sales up 17% at Rs 1723.93 crore versus Rs 1475.31 crore -OPM at 18.7% versus 14.14% -PAT up 2x at Rs 268.39 crore versus Rs 131.47 crore

Spice Comm Q2 QoQ: -Revenues: Up 3.18% to Rs 340.91 crore -EBIDTA at Rs 44.37 crore versus Rs 71.15 crore -Net loss at Rs 62.45 crore versus Rs 34.9 crore -EBIDTA lower due to increase in networking expense, roaming charges, personal expense, ad spend

Rama Newsprint Q2 ((Impact of low newsprint prices)): -Net loss at Rs 13.5 crore versus profit of Rs 1 crore-Net sales at Rs 73.3 crore versus Rs 90 crore -Optg loss at Rs 6.9 crore versus operating profit of Rs 9 crore

Hikal Q2: -Net profit at Rs 12.5 crore versus Rs 17 crore -APAT at Rs 31 crore versus Rs 17 crore ((Exceptional loss of Rs 19.65 crore on forex and claim settlement)) -Net sales at Rs 125 crore versus Rs 107 crore -OPM at 32% versus 22.5%

Rane Brake Q2: -Rev up 15% at 58 crore versus 50.4 crore -PAT at 2.4 crore versus Rs 94 lakh -OPM at 12.7% versus 10.1%

Sunflag Iron Q2: -Net sales at Rs 306 crore versus Rs 337 crore -OPM at 13% versus 11% -PAT at Rs 17.7 crore versus Rs 12.7 crore

Vimta Labs Q2-Net sales at Rs 23.7 crore versus Rs 23.8 crore OPM at 22% versus 32% -PAT at Rs 66.8 lakh crore versus Rs 2.1 crore