Market Outlook:
Global events to watch for today:
- ICSC-Goldman Store Sales data
- 4-Week Bill Auction
- 10-Yr Note Auction
Global indices Update @ 9:
Dow Jones : 10226 (+203.5)
Nasdaq : 2154 (+41.62)
Nikkei 225 : 9970 (+161.1)
Hang seng : 22426 (+219.3)
SGX CNX Nifty : 4943 (+37)
INR / 1 USD : 46.58
On the global counter:
Stocks in action for the day: Hindalco, NMDC, Phoenix Mills, Maytas Infra
Ambani Brothers looking for out-of-court settlement – DNA ((reports adds Deepak Parekh, KV Kamath and bankers Nimesh Kampani and Vallabh Bhanshali meet on Saturday, compromise pricing of $3.6/MMBTU rumored))
TRAI Sources Say: -To re-examine regulatory policy in license fee -To re-examine regulatory policy in spectrum charges
Steel Ministry: Cabinet may take up NMDC divestment next month -Hope to raise Rs 13,000 crore via NMDC divestment
Hindalco starts road show for Rs 2900 crore QIP (qualified institutional placement) issue
NTPC to set up 2640 MW power station in MP
IVR Prime to issue 5.94 crore shares to IVR Strategic Resources and IVRCL Water on amalgamation
Maytas Infra says: may withdraw from Rs 1,590 crore Machilipatnam port project
Unichem gets US FDA nod for Pithampur bulk drug unit
Bajaj Auto and Nissan -Renault have resolved their differences and are set to announce the details of the proposed joint venture for making the Bajaj Ghosn ultra low-cost car on Tuesday.
Tata Motors to shut down Pune CV manufacturing plant for 3days: Tata Motors today said it will shut its commercial vehicle manufacturing plant in Pune for three days from November 13 to 15 due to shortage of a critical engine component. Supply of fuel injection pump from one of our vendors has been affected due to the fire in Jaipur
ICICI to phase out stake in Firstsource ICICI Bank today said it would reduce its stake in BPO company Firstsource in a phased manner, even as there are reports of appointment of a merchant banker for exiting from the outsourcing company. ICICI Group currently holds 26.6 per cent in Firstsource which provides business process management services across banking and financial services, telecommunications and the healthcare industry.
Valuation for stake-sale in UTI AMC attractive, says BoB: State-owned lender Bank of Baroda, today said it is diluting its 6.5 per cent stake in UTI AMC and UTI Trustee Company and that the valuation was attractive. The value of the 6.5 per cent stake sold by the bank is around Rs 163-crore, Three shareholders of UTI Assest Management Company and UTI Trustee Company-State Bank of India, Punjab National Bank and Bank of Baroda today agreed on divesting 6.5 per cent in both the entities to T Rowe Price. Each of the three institutions at present holds 25 per cent stake in UTI Asset Management Company as well as UTI Trustee Company and pursuant to the said transaction, their shareholding would drop to 18.5 per cent.
Gateway Rail may place Rs 300-cr CCPS with Blackstone: Gateway Rail Freight (GRFL), a subsidiary of the logistics company Gateway Distriparks, plans to raise up to Rs 300 crore by placing compulsorily convertible preference shares (CCPS) to
No comments:
Post a Comment