BOR: Market Outlook: Indian markets are likely to remain under pressure on account of weak global cues.

Market Outlook: Indian markets are likely to remain under pressure on account of weak global cues. Nifty has support at 5150-5180 and resistances are at 5280-5310.

Results today: BHEL, L&T, ICICI Bank, Idea, ONGC, Kotak Mahindra Bank, IBreal, Nagarjuna Fertiliser, Indraprastha Gas, ING Vysya Bank, IB Power, IPCA Labs, JSW energy, Jindal South, Jubilant Org, biocon, brigade, Edserv, eveready, Gati, Abhishek Ind, Adhunik metaliks, Amara Raja, century ply, Lanco Ind, lakshmiOver, MIC elec, Mah forging, Morepen Labs, Navneeet Pub, NDTV, Network 18, Petronet, Piramal Health, Rolta, Sasken, Shree cem, united Spirits, Welspun Guj, WWIL, indotech, mount everest Min, Ponni Sugar, oil country tubular, JK Sugar,

Global events to watch for today:

• Jobless Claims
• EIA Natural Gas Report
• 3-Month Bill Announcement
• Money Supply

Global indices Update @ 8:

Dow Jones : 10603 (- 122.2)
Nasdaq : 2291 (- 29.15)
Nikkei 225 : 10776 (+39.47)
Hang seng : 21126 (- 160.0)
SGX CNX Nifty : 5190 (- 24.00)
INR / 1 USD : 45.95
On the global counter: US stocks end lower; Indian ADRs follow suit: US stocks slumped on Wednesday amid mixed earnings results from key banks and credit tightening by global economic growth driver China. The Dow fell 122.28 points, or 1.14%, to 10,603.15. The broader S&P 500 index fell 12.19 points, or 1.06%, to 1,138.04. The Nasdaq composite index fell 29.15 points, or 1.26%, to 2,291.25.
Stocks in action for the day: Gammon, RComm, Agro Dutch, Surya Roshni NTPC, Rcom, Adani Power, Wipro, Alok Inds
Jubilant Foodworks IPO (book closed): -Overall subscribed 31.11 times; -QIB 59.38 times, HNI 51.95 times, Retail 3.78 times
QIP update: Shriram Transport -Shriram Transport QIP Book Opened last night -Plans to raise $125-225 million Via QIP -QIP issue priced at Rs 501/share -Citi, BoAML, IDFC-SSKI bankers to QIP issue
Karnataka Bank QIP -Karnataka Bank QIP opened last night: sources exclusive-QIP size of 91.7 lakh shares; issue priced at Rs 132.50/share
Yes Bank -Yes Bank QIP opened yesterday: exclusive form sources QIP size at $125-150 million -MS, Goldman, CLSA bankers
Higher 2G Spectrum fee likely w.e.f January 1, 2010: -Alert: Higher charges approved by EGoM-Fees for 4.4 Mhz to 8.2 Mhz to be higher by 1%: Srcs-Fees for 10 Mhz to 15 Mhz to be higher by 2%: Srcs-Alert: Spectrum fee levied as % of annual gross revenue
Axis Bank: -Axis Bank in advanced talks to buy 4 lakh sq feet from Wadia Group-Axis Bank to pay Bombay Dyeing Rs 640 crore for buying tower at Worli, Central Mumbai -Deal likely to be finalised by next week -Axis Bank received board approval last Friday
NTPC share trading to be suspended from February 3-5: Trading in shares of National Thermal Power Corporation will be suspended from February 3 rd to February 5 so that the price movements in the secondary markets doest not affect the auction process. This move will also prevent the institutional investors from making advantage of the arbitrage opportunities that will be available between the spot prices and auction prices.

Triveni Q1FY 10 -Net sales up 33% at Rs 487 crore -EBITDA margin at 27% -Net profit up 200% to Rs 72.9 crore -Triveni Engg to demerge Steam Turbine operations
KPIT Cummins Q3: -Consolidated net profit at Rs 21.37 crore versus Rs 21.19 crore (QoQ) -Consolidated net sales at Rs 184.75 crore versus Rs 176.99 crore (QoQ) -Other income at (-)Rs 4.6 crore versus (-)Rs 13 crore
TV18 Q3 : -Consolidated net sales at Rs 128.3 crore versus Rs 117.7 crore (QoQ) -Consolidated net loss at Rs 41.52 crore versus net loss of Rs 66 crore (QoQ)
India Info Q3 -Consolidated net sales at Rs 319 crore versus Rs 229.5 crore (YoY) -Cons net profit at Rs 59.5 crore versus Rs 29.8 crore (YoY)
Raymond Q3: -Net sales at Rs 372.3 crore versus Rs 354.5 crore (YoY) -Net profit at Rs 42.6 crore versus net loss of Rs 15.2 crore (YoY)
ICRA Q3 -Net profit at Rs 14.6 crore versus Rs 9 crore -Revenues at Rs 42.1 crore versus Rs 32.7 crore
JK Tyre Q3 -Net profit at Rs 36.5 crore versus loss of Rs 27.4 crore -Net sales at Rs 799 crore versus Rs 780 crore -OPM at 8.9% versus Optg loss of Rs 11 crore
Nitin Fire Q3 -Net profit at Rs 11.8 crore versus Rs 7.2 crore -Net sales at Rs 98.2 crore versus Rs 68.3 crore

Mahindra Holidays Q3 -Net profit at Rs 23.8 crore -Net sales at Rs 113 crore
Adani Power registers its CDM project under UNFCCC
Alok Inds plans to exit real estate business
Agro Dutch Industries open offer at Rs 16/share
Jindal Poly board approves buy back at a price of Rs 450/share
Usha Martin completes QIP shares allotment; raises Rs 468.1 crore
LIC opposes L&T plans to foray into life insurance business (LIC Is the largest shareholder in LIC)
Gammon India gets penalty waiver from Andhra Pradesh Government
Reliance Communications offers free night time call tariff plan
Shriram EPC associate Company - LSML awarded orders for 45 MW of wind turbines