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

Market Outlook: Indian markets may have flat to positive opening today on account of mixed global cues. Nifty has supports at 5000-5050 and resistance is at 5160-5180. From a trading point of view we would advice to continue booking profits on the way up.

Global events to watch for today:

• 4-Week Bill Announcement
• 3-Month Bill Auction
• 6-Month Bill Auction
• Consumer Credit

Global indices Update @ 9:

Dow Jones : 10388 (+22.75)

Nasdaq : 2194 (+21.21)

Nikkei 225 : 10163 (+140.55)

Hang seng : 22289 (-208.91)

SGX CNX Nifty : 5117 (-13)

INR / 1 USD : 46.25

On the global counter: Wall St ends higher as unemployment rate slips to 10%. The US markets ended higher as employers cut less jobs than expected in the month of November, which showed signs of improvement in the economy. Industrial, technology, consumer and financial stocks witnessed buying interest on Friday. In the economic data, the US employers cut only 11,000 jobs in November 2009, the smallest decline since the recession started in December 2007. November unemployment rate also declined to 10% as against 10.2% in the month of October.

Stocks in action for the day: Tata Motors, Bharat Forge, DCB, GVK, Edserv

A Raja Says: Confident companies will cut SMS charge to 1 paise/SMS 3G auction scheduled to be completed by March -Telco broadband rollout to be subsidised from govt -USO fund rules being relaxed for broadband rollout

Allahabad HC: -Restores farmers' rights to protest against land acquisition -Farmers can return compensation for land- UP govt banned farmers' right to protest against land acquisition in 2004

ADAG Says@ -Corporate rivals spreading malicious rumours -Fully committed to implementation of Dadri Project-Dadri unit land acquisition not set aside by Allahabad HC ADAG eyes alternative locations for power plant if Dadri fails

Godrej Properties - Godrej Properties carried out brand valuation -Godrej Properties brand valued at Rs 4,690 crore

DoT -DoT amends license conditions for equipment purchase -Decision impacts all Indian telcos, vendors -Telcos need mandatory nod from DoT prior to equipment buy

Bank of Rajasthan board approves QIP of Rs 250 crore

Edserv proposes to raise $500 million via ADR/GDR/FCCB

GVK Power buys 17% stake in BIAL from L&T for Rs 686 crore, ups its stake to 29%

GMR to raise Rs 13,000 crore for power & road projects

Elantas Beck India delisting offer at floor price of Rs 219.10/share ((CMP: 472))

Apcotex Ind buy back at maximum Rs 90/share ((CMP: 80))

Tata Motors starts signing land deal for Nano project in Sanand

The Aga Khan Fund to lower it’s holding in DCB from 24.68% to 10% in next 3-4 years to adhere with regulation

Corus to shut 3 plants in UK following failure to find alternative long-term buyer, to result in loss of 1700 jobs versus earlier estimate of 2300

Tata Motors in focus, Jaguar's UK sales at 1463 Units in November; Growth of 50%

State Bank of Mysore approves draft letter of rights issue (Rs 600 crore)

Alstom - Bharat Forge JV sets up facility to manufacture 5000 MW Power equipments at Mundra Port and Special Economic Zone

Octant Interactive Board meet on December 8 to consider demerger of the finance division into separate company (stock dn 5%)

NTPC signs gas sale agreements with GAIL, IOCL, BPCL:

Nu Tek Board meet today to consider stock split