BOR: Market Outlook: Indian markets may have flat to positive opening today.

Market Outlook: Indian markets may have flat to positive opening today. Nifty has supports at 4960-5000 and resistances are at 5120-5175. Overall the trend is still intact up and has crucial support at 4936.

Global events to watch for today:

· ICSC-Goldman Store Sales

· Producer Price Index

· Treasury International Capital

· Industrial Production

· 4-Week Bill Auction

· 52-Week Bill Auction

· Housing Market Index

Global indices Update @ 9:

Dow Jones : 10406 (+136.5)

Nasdaq : 2197 (+29.97)

Nikkei 225 : 9777 (-13.76)

Hang seng : 22893 (-80.76)

SGX CNX Nifty : 5070 (+15.50)

INR / 1 USD : 46.09

On the global counter: US mkts hit fresh 13-month high post Bernanke's comment while Asian mkts trading lower; Hang Seng, Nikkei down. In the US markets, the Dow logged a solid 130-plus point's gain and the S&P 500 closed above the key 1100 mark after Fed Chairman Bernanke signaled he plans to leave rates low for a while. In the US markets, the Dow logged a solid 130-plus point's gain and the S&P 500 closed above the key 1100 mark after Fed Chairman Bernanke signaled he plans to leave rates low for a while. In economic data, retail sales rose 1.4% in October amid a jump in auto sales. Another report showed that the empire state manufacturing index fell to 23.51 from 34.57.

Stocks in action for the day: JP Asso, RIL, DLF, Tata Steel, Jet Airways

Alerts: RIL AGM today; FDI in Aviation meeting today Spicejet & kingfisher to be in action for the day

JP Associates board approves: -Raising up to Rs 500 crore via private placement -Offer for sale of 6 crore shares held in Jaypee Infratech ((around 5% stake out of total holding is 121.5 crore shares))

Jaypee Infratech: -IPO To be mix of offer for sale and fresh equity: Likely to offer fresh 12% equity and 5% offer for sale from JP Associates: -To file DRHP in next few days: -JP Morgan, Enam Financial and DSP Merrill Lynch BoA are bankers: JP Associates hold 98% stake in Jaypee Infratech

L&T -: L&T lowest bidder for 1,320 MW Rajpura power plant -L&T quotes tariff of Rs 2.80 per unit for Rajpura Project -Alert: Rajpura power plant is based in Punjab -L&T declines to comment on issue

DLF: To hike prices in Bangalore based Westend Heights Project -To hike prices to Rs 2800/sq ft from Rs 2300/sq ft effective December 15 Company had hiked prices from Rs 2100/sq ft to Rs 2300/sq ft on November 12.

Ruchi Soya board approves: -Amalgamation of promoter group company Mac Oil Palm with itself -Swap ratio of 20 shares of company for every 67 of Mac Oil Palm.

Tata Sons & Tata Steel raise Rs 424 crore via DVR share sale in last 4 days.

Tata Steel to invest Rs 1,100 crore to up iron ore output by 55%.

Several Nano owners find technical snag in car, company says short circuit issue identified, vendor replaced

Govt to ease road project guidelines, existing operators will have first right of refusal on expansion, developers to be allowed to exit after 2 years of commissioning.

BCCI expands field for IPL 2010, adds two more teams (ADAG keen to own a team).

Subhash Chandra plans US wellness empire, acquired a massage clinic chain in US recently.

Naresh Goyal stake in Jet may fall by up to 27% post $400 million QIP issue.

Bhushan Steel gets clearance to acquire Australian firm Bowen Energy.

Zuari Industries plans $900 million fertilizer plant in Karnataka.

Amtek Auto buys back FCCBs worth $9.5 million.

Cambridge Technology board approves fund raising up to Rs 25 crore.