BOR: Market Outlook: Indian markets may have flat to positive opening today on the back of mixed global cues.

Market Outlook: Indian markets may have flat to positive opening today on the back of mixed global cues. Nifty has supports at 4980-5000 and resistances are at 5120-5175. Nifty is expected to trade within a narrow range and may consolidate for a few trading session. Overall in markets nothing has changed and we would say selling pressure continues on its way up’.

Global events to watch for today:

· Jobless Claims

· Consumer Price Index

· Housing Starts

· EIA Petroleum Status Report

Global indices Update @ 9:

Dow Jones : 10426 (-11.11)

Nasdaq : 2193 (-10.64)

Nikkei 225 : 9584 (-92.79)

Hang seng : 22708 (-132.05)

SGX CNX Nifty : 5045 (-12)

INR / 1 USD : 46.26

On the global counter: Wall Street ends lower; Gold at record high & Asia trading mixed; Hang Seng down, Shanghai Composite up. The US markets snapped a three-day winning streak on the back of a report that showed housing starts fell sharply in October. Technology stocks took a hit after a weak outlook from software firms, autodesk and salesforce.com. Driving the losses in the US markets were some disappointing economic data. Housing starts unexpectedly fell 10.6% to the lowest level in six months, weighed down by a sharp decline in construction activity for both single-family and multi-family dwellings. The consumer price index rose 0.3%, indicating that inflation may not be quite as benign as some economists have indicated.

Stocks in action for the day: Great Off, Voltas, Petronet, SAIL, NMDC

Government: Winter session of parliament to start from today, banking, insurance bills not part of items listed for session - says cabinet may take up SAIL, NMDC divestment at meet today: -Government kicks off talks on bank consolidation –((5 PSU Bank chiefs met Finance Ministry official yesterday – BOI, BOB, Union Bank, Central Bank and PNB)).

Adhunik Metaliks: -QIP opens; plans to raise Rs 100-200 crore -Issue price at Rs 98.5/share ((CMP Rs 101.65))

Andrew Yule: -Calcutta HC okays DPSC stake sale -Alert: DPSC is Dishergarh Power Co -DPSC stake sale via auction on Friday -Alert: Andrew Yule, FIIs divesting 57.17% stake in DPSC

Ex-split:
Allcargo Global from Rs 10 to Rs 2
Gee Kay Finance from Rs 10 to Re 1

Bharati Shipyard, ABG Shipyard get SEBI nod for open offer for Great Offshore

DEN Networks to list on November 24, issue price at Rs 195/share

RIL new F&O lot size at 300 shares from November 26 ((1:1 bonus))

Voltas puts 3 residential properties in Mumbai on block

NHAI has identified 10 mega highway projects to be awarded to private developers

Petronet LNG may acquire up to 10% stake in ONGC Petro-additions ((ONGC Petro-additions setting up cracker facility in Gujarat))

REpower US arm gets order for 18.45 MW capacity:

Wockhardt to issue up to 160 crore preference shares

Board meets: Triveni Engg FY09 results

1.64 crore HCL Info warrant conversion shares to hit market