Market Outlook: Indian markets may have flat to positive opening today on account of mixed global cues. Nifty has supports at 5000-5050 and resistances are at 5180-5230.
Strong IIP numbers : The Index of Industrial Productivity (IIP) numbers rose by 9% YoY for the month of September. The industrial growth in the first half of the financial year 2009-10 (April to September) remained at 6.5 %. Indian markets had a good rally before the declaration of the IIP numbers and investors preferred to book profits on the day the IIP numbers came out. Strong IIP growth should continue for the next few months due to the improved consumer sentiments in the markets. The export numbers are also improving and would start growing in the next few months.
Global events to watch for today:
- Retail Sales
- Import and Export Prices
- Consumer Sentiment
- Business Inventories data
Global indices Update @ 9:
Dow Jones : 10405 (+68.78)
Nasdaq : 2190 (+07.13)
Nikkei 225 : 9942 (+79.25)
Hang seng : 22107 (+407.5)
SGX CNX Nifty : 5160 (+31)
INR / 1 USD : 46.72
On the global counter: Wall St ends higher; Dollar gains, Crude slips below $70 & Asian markets trading firm; Hang Seng, Nikkei up. The
Stock in action for the day: RIL, JSPL, SAB TV, KRBL, Bharti, Sun Pharma
Godrej Properties IPO closes today: Total: 1.28 times QIB: 2.4 times NII: 0.05 times Retail: 0.08 times
Sun Pharma Update: -Taro sends fresh letter to shareholders -Taro targets Sun over Caraco handling
-Taro seeks shareholders
Bharti Airtel -Signs agreement to build, operate SE Asia JCS SE Asia JCS: South East Asia Japan Cable System -SJC to cost $400 million, measure 8,300 km -SJC to link
Media house DB Corp has received a commitment of Rs 69.36 crore from nine anchor investors for its initial public offer, opening on today. The anchor investors, FID Funds (Mauritius) Ltd, FIL Trustee Company Private Limited, Nomura Funds Ireland-India Equity Funds, ICICI Prudential Life Insurance Company Ltd, IDFC Classic Equity Fund, Government of Singapore, Reliance Capital Trustee Company Ltd, India Capital Fund, BNP Paribas Arbitrage all committed at the upper end of the price band of Rs 212, It will constitute about 10 per cent of the fully diluted post-issue capital of the company.
Bajaj Electricals prices QIP at 785 rupees a share: Electrical appliances maker Bajaj Electricals Ltd said on Thursday it has priced its qualified institutional placement of 2.05 million shares at 785 rupees a share. The company will raise 1.6 bn rupees via placement to institutional buyers.
Volkswagen-Suzuki to roll out Rs 2.5-lakh car in
DE Shaw sells 36% stake in DLF Asset for $500mn: New York-based hedge fund DE Shaw on Thursday sold a 36 per cent stake in DLF Asset (DAL) to the promoters of DLF K P Singh and his family—for $500 million, retaining only a four per cent stake which it intends to sell as and when the firm lists in Singapore.
Sahara shifts focus on real estate, plans Rs 3,500 cr IPO Sahara Group, once a high-profile finance company that diversified at break-neck speed into disparate activities, appears to have quietly undergone a makeover. After staying virtually under the radar for the past few years, it is all set to re-emerge with a new focus: real estate.
Jindal Power plans Rs 10K cr public offer: Jindal Power plans to raise up to Rs 10,000 crore through an initial public offer (IPO) second-biggest in the history of corporate
Plan panel charges BHEL with tripping power goals, says X1th target to be missed
New listing: Cox & Kings
KRBL board meet on December 17 for stock split
SAB TV (Sri Adhikari Brothers) board meet today on fund raising
Rajeev Chandrashekhar writes to PM- says must revamp BSNL management structure to save the co from collapse
JSPL (Jindal Steel & Power) board ok’s Jindal Power
RIL in talks for stake sale in Haryana SEZ:
Wipro to Buy 50 Acre In
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