Market Outlook: Indian markets may have flat to positive opening today on the back of mixed performance on the global counters. Nifty has supports at 5000-5050 and resistances are at 5180-5250. Market may witness some volatility ahead of settlement.
Global events to watch for today:
- ICSC-Goldman Store Sales
- GDP release
- Corporate Profits
- Consumer Confidence
- FHFA House Price Index
- State Street Investor Confidence Index
Global indices Update @ 9:
Dow Jones : 10450 (+132.7)
Nasdaq : 2176 (+29.97)
Nikkei 225 : 9447 (-50.32)
Hang seng : 22733 (-37.87)
SGX CNX Nifty : 5106 (+4.5)
INR / 1 USD : 46.49
On the global counter: Wall Street gains on encouraging existing home sales data while Asia trading mixed;
Stocks in action for the day: Hindalco, HCL Tech, RIL, Patni, NHPC
Real Eseate Update DIPP (Department of Industrial Policy & Promotion) proposes removing 3-year lock-in for FDI in realty sector: -Lock-in period was a cautionary move against speculation: No sector besides defence has a lock-in period: Portfolio investments also don
DOT (Department of Telecommunications): suggests bringing IP-I Telco
SEBI issues amended show-cause notice to RIL: Capital market regulator, the Securities and Exchange Board of India (SEBI) has served an amended show cause notice (SCN) to Reliance Industries (RIL) in the case of alleged insider trading in shares of Reliance Petroleum, which has now been merged with RIL.
RIL remains in focus: Goes ex-bonus (1:1) on November 26 ((Today and tomorrow last 2 days of cum bonus)) Moody
US
JSW Energy plans Rs 2,700 crore IPO: JSW Energy, part of the Sajjan Jindal-owned JSW Group, on Monday said it will enter the primary market on December 7 to raise Rs 2,700 crore through an initial public offering. However, the company did not disclose the equity dilution post issue and the price band of the offer.
Earnings growth to lift tea stocks: Tea prices have been heading north this year and have appreciated by more than 30% since the past one year. Tea plantation companies such as Mcleod Russell, Jayshree Tea, Harrisons Malayalam, Goodricke group and many other smaller companies have seen their fortunes swell, sending their stock prices soaring.
Cupid Q2: -Net loss at Rs 84 lakh versus loss of Rs 1.4 crore -Net sales at Rs 1.3 crore versus Rs 3.1 crore -Operating loss at Rs 13 lakh versus Rs 74 lakh
Board meets today
MphasiS Q4 results
REC to approve audited numbers for FPO
NHPC with no specific agenda
Avaya Global for Q4 results
In T2T from November 27: BPL, Hindustan Motors, Golden Tobacco, Maral Overseas, Vishal Retail, XL Telecom ((BSE, NSE get cracking on latest liquid movers without fundamentals))
Anadarko Petroleum finds oil in
Hindalco to raise up to $600 million via QIP, includes $250 m greenshoe option
New listing: DEN Networks
HCL Technologies signs deal with Equitable Life for $200 million, deal starts March 2011
Amar Remedies defers decision on preferential allotment
Indian ADRs: Patni up 5.5%
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