BOR: Market Outlook: Indian market will have flat to negative opening today on the back of mixed global economic data.

Market Outlook: Indian market will have flat to negative opening today on the back of mixed global economic data. Wall St ends lower on mixed economic data; Dow down 30 pts and Asia trading lower; Nikkei, Seoul Composite down. Back to Indian Nifty has supports at 4980-5030 and resistances are at 5150 -5200. The momentum is expected to continue while sentiments may be driven by termination of Bharti-MTN deal. The much-anticipated deal between India's Bharti and South Africa's MTN has been called off. On the news of termination, MTN shares fell 3% from the day’s high.

Global events to watch for today:

• Monster Employment Index
• Jobless Claims
• Motor Vehicle Sales
• Challenger Job-Cut Report
• Personal Income and Outlays data
• Construction Spending
• ISM Mfg Index
• Pending Home Sales Index
• EIA Natural Gas Report

Global indices Update @ 9:

Dow Jones : 9712 (-29.92)

Nasdaq : 2122 (-01.62)

S&P 500 : 1057 (-03.53)

Nikkei 225 : 10106 (+06.58)

Hang seng : 20948 (-64.21)

SGX CNX Nifty : 5036 (-37)

INR / 1 USD : 48.04

CRUDE OIL : 70.01 (-00.60)

Gold : 1005 (-2.10)

On the global counter: Wall St ends lower on mixed economic data; Dow down 30 pts and Asia trading lower; Nikkei, Seoul Composite down. The US markets ended modestly lower on the back of mixed economic data. But stocks logged their best quarter in 11 years, helped by the weak dollar, despite the soft landing. Adding to the worry was a disappointing jobs report. ADP said private employers cut 254,000 jobs from their payrolls in September, more than expected but less than the revised 277,000 loss recorded in August. Meanwhile, the economy contracted at a 0.7-percent rate in the second quarter, this was less than the 1-percent plus decline expected.

Stocks in action for the day: Bharti, ICICI Bank, Glenmark, Biocon

Bharti-MTN Deal terminated: Have decided to disengage from exclusive talks with MTN South African govt unable to accept deal structure in current form Hope South African govt will review position on MTN in future To continue to explore international opportunities May re-engage with MTN if South African govt changes position
MTN deal could have brought in substantial synergies

South African Treasury : MTN told SA Fin Min deal talks mutually terminated Govt supportive of local cos wanting to diversify offshore Bharti-MTN deal needed certain exchange control & other nods Bharti-MTN unable to conclude all outstanding matters. MTN says deal not possible within existing regulatory framework.

Ex-split: GMR Infra from Rs 2 to Re 1

ICICI Bank Sells 4.4% Stake In 3i Infotech; LIC Buys 2.4% Stake

Tata Tele: Signs Agreement For Passive Infra Sharing With BSNL Agreement With BSNL Valid For TTSL & TTML

Glenmark subsidiary Glenmark Generics files DRHP with SEBI for IPO

Biocon to acquire bulk pharma biz of IDL Specialty Chemicals

Thinksoft IPO closes today, subscribed 0.94 times till now

Oil India to be added in BSE IPO index from Oct 5

New Listings: Reliance Gold Exchange Traded Fund Quantum Gold Exchange Traded Fund Kotak Gold Exchange Traded Fund SBI Gold Exchange Traded Scheme

50.55 lakh Axis Bank GDRs to hit market

1 cr LIC Housing Finance QIP shares to hit market on Oct 1

1.51 cr Alok Industries shares to hit market on Oct 1 ((conversion of partly paid shares to fully paid up))

LT Foods board approves issue of 38.48 lakh shares on pref basis to strategic investors

Ucal Fuel board approves issue of 82.17 lakh shares at Rs 36.35 to promoters ((CMP Rs 57))

Sujana Metal Products board approves: Issue of GDRs / FCCBs up to $20 m Issue of shares / convertible warrants to promoters up to Rs 25 cr

Aksh Optifibre board approves raising up to $20 m via private placement Oil Cos To Cut ATF Prices By Rs 812-894/kL Today: