BOR:Market Outlook: Indian markets may have flat to negative opening today on the bacl of mixed performance in the global market.

Market Outlook: Indian markets may have flat to negative opening today on the bacl of mixed performance in the global market. Nifty has supports at 5000-5050 and resistances are at 5180-5200. Market is expected to remain sideways.

Global events to watch for today:

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

Global indices Update @ 9:

Dow Jones : 10471 (+65.67)

Nasdaq : 2190 (-00.55)

Nikkei 225 : 10030 (-76.99)

Hang seng : 21631 (-270.3)

SGX CNX Nifty : 5093 (-17)

INR / 1 USD : 46.52

On the global counter: US markets end flat; Indian ADRs weak while Asian markets trading weak; Hang Seng, Nikkei down. The US markets closed flat. The Dow Jones Industrial Average was up 65.67 points, or 0.63%, to 10471.5. The S&P 500 was up 4.06 points, or 0.37% to 1106.41 while the Nasdaq was down 0.55 points, or 0.03%, to 2190.31.

Stocks in action for the day: SAB TV, Parsvnath, Tata Steel, DLF, Den Net

Godrej Prop sets issue price at Rs 490/share ((price band was at Rs 490-530/sh)): Total oversubscription: 4 times QIB: 7.45 times NII: 0.409 times Retail: 0.375 times Maximum bids at Rs 490/share ((All bids on last day at Rs 490/share))

DB corp IPO (day 1): Total : 2.02 times QIB: 3.79 times NII: 0.522 times Retail: 0.018 times

DE Shaw – DAL update: -DE Shaw's exit from DAL may be in violation of FDI rules: Finance Ministry DE Shaw most likely invested in DAL via FDI route in 2007: FDI rules say investors must stay invested for 3 years -Alert: investors could exit before 3 years with approval from FIPB -DE Shaw has not taken FIPB approval so far: -DE Shaw may seek post facto nod from FIPB if not completed 3 years: Transaction can also be stopped by RBI, at AD bk level:

NTPC Divestment : 4 merchant banks in race for NTPC divestment mandate:-I-Sec, Citi, Kotak & JPMorgan may win NTPC mandate 15 merchant banks had bid for NTPC mandate

ONGC Says: -Tied up $200 million forex loan to repay debt for Imperial buy -To raise $800 million Via Bond, CP in January to repay Imperial Debt -: ONGC to repay around $1 billion bridge loan for Imperial buy

Tata Steel plans to raise Rs 5,000 crore via equity and debt

Lyondell ignores RIL’s offer, files rescue plan before the special bankruptcy court in NY South District

ONGC seeks windfall tax for private companies on crude oil above $60/bbl to pay for fuel subsidy

Fidelity buys 3% in Den Networks from open market

Reliance Life, China Life in talks for Pre-IPO placement, ADAG also in talks with PE players to sell around 15% stake

I&B Ministry to check financial of radio firms to get a measure of financial losses before announcing 3rd phase of private FM radio broadcasting

BHEL in talks with L&T, Pipavav to revieve off-shore rigs business

Oil ministry: PSU oil retailers' FY10 revenue loss seen at Rs 45,480 crore:

SUN-Apollo invests in Parsvnath Exotica Part -II, Gurgaon; Parsvnath raises Rs 75 crore

SAB TV (Sri Adhikari Brothers) board approves fund raising upto Rs 100 crore & issue of 29.25 lakh warrants to promoters