Market Outlook: Indian equities are likely to extend losses today as
Global Events to watch for today
- Employment Situation
- Consumer Credit
Global indices Update @ 8:
Dow Jones : 10002 (- 268.3)
NASDAQ : 2125 (- 65.48)
Nikkei 225 : 10062 (- 293.3)
Hang seng : 19735 (- 606.1)
SGX CNX Nifty : 4711 (- 127.5)
INR / 1 USD : 46.09
On the global counter: Asian mkts nosedive on free fall in US; Shanghai dips 2%: The Dow briefly fell below the crucial 10,000 mark on Thursday as stocks suffered their worst losses in more than nine months. Escalating sovereign debt problems in
Stock in action for the day: Essar Oil, Advanta, GTL, Fame India, Mahindra & Mahindra
ACC & Ambuja: Boom in infra, housing to drive growth: The two Holcim-controlled cement companies ACC and Ambuja Cements, reported December 2009 quarterly results broadly in line with market expectations, thanks to their presence in the northern and eastern markets. This helped to offset the difficult operating environment in the southern region in third quarter of FY10, where players have seen a dip in realisations on a y-o-y basis due to rapidly expanding capacity.
GTL plans NCD issue to raise Rs 1,400 crore: Network services provider GTL is raising Rs 1,400 crore through non-convertible debentures (NCDs) to invest in green energy products and solutions for telecom infrastructure that can bring down costs for telecom operators. The NCDs offer a coupon rate of 8%.
Rajesh Exports a tad too pricey: The third quarter results of Rajesh Exports, one of the leading jewellery manufacturers and distributors, seems to have caught the market attention of investors given a more than eight per cent rise in the stock price in the past three trading sessions.
M&M in global tie-up talks for premium bikes for Indian mkt: Mahindra & Mahindra (M&M) is understood to be in discussions with Italian and British two-wheeler players to develop premium bikes for the Indian market. Top officials close to the development said Triumph and Moto Guzzi are some of the companies that M&M has held talks with.
Sun barred from Taro warrant conversion: Sun Pharma’s near two-year legal battle with Taro board to get control of the drug maker is set to drag on, as the Israeli Supreme Court has directed the Indian company not to convert its warrants into shares which would have raised its stake to 41%, from the current 36%.
Essar Oil plans to increase petrol pumps to 2,000 soon:
Reliance Capital Partners buys 1.19% stake in Fame
Vishal lenders, promoters meet next week to break impasse: Vishal Retail promoters and lenders will meet next week to sort out the differences over management changes and other modalities of the corporate debt restructuring (CDR) process. Vishal went in for CDR in November last year.
Tata Steel waits for revision of land acquisition act Tata Steel will not make any deal directly with the landowners to purchase land for its Greenfield steel plant in Jharkhand as the steel major feels that it would create mafias and deprive the landowners from their rights which expected to be incorporated in the proposed amendments to the Land Acquisition Act to be tabled in Parliament shortly.
Godrej appliance eyeing 40% growth in North India market Godrej appliance is targeting 40% growth in home appliance category in the rth
Unhappy FDA tells Ranbaxy to review units The
Advanta in action on the back of news says acquisition of USbased Crosbyton Seed Co:
L&T, EADS revive JV plans; to tweak equity structure to clear FDI
Mahindra aims to take on Tata Ace with new Maxximo
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