Market Outlook: Indian Indices are likely to start of in positive side following Asian counterparts. However, the Index of Industrial Production data will be the on focus which will drive the market in the latter session. The trend is still intact but profit booking at higher levels could be seen. Nifty sees supports at 5000-4950 and resistances are at 5200.
Global Events to watch for today
- Retail Sales
- Consumer Sentiment
Global indices Update @ 8:
Dow Jones : 10612 (+44.51)
NASDAQ : 2368 (+09.51)
Nikkei 225 : 10708 (+43.52)
Hang seng : 21193 (-34.94)
SGX CNX Nifty : 5153 (-07.00)
INR / 1 USD : 45.47
Stocks in action for the day : Mah Satyam, JSW Steel, Triveni, Sicagen
IPO corner: NMDC FPO (closes today) -Total subscription at 0.79 times (X) -QIB at 1.556X, NII at 0.006X, Retail at 0.028X, Employee at 0.04X
IL&FS Transportation Networks (March 11-15th) -Total subscription at 0.34X -QIB at 0.638X, NII at 0.0137X, Retail at 0.0288X
Pradip Overseas(March 11-15th) -Total subscription at 2.11X -QIB at 1.085X, NII at 7.055X, Retail at 1.74X, Employee at 0.0132X
Sun Pharma -Sun Pharma launches Eloxatin injections generic via
Bank Of Rajasthan -Receives shareholder nod for QIP -To raise funds up to Rs 250 crore via QIP; to be completed in next 3 months -Praveen Kumar Tayal & Group companies are promoters of bank
Sicagen India -Denmark-based over USD 12-billion facility management company ISS is acquiring a majority stake in security services firm SDB Cisco for close to Rs 150 crore -SDB Cisco is a 60:40 joint venture between Sicagen India and Certis Cisco
Sulzer
Triveni board meet today for the demerger of Company
DoT analysing special audit findings on Bharti Airtel:
Bajaj family to hike stake in holding company to 50%
EF to buy 10% stake in JSW Steel
Mahindra Satyam bags USD 48 million contract from a Danish IT company
Maruti Suzuki says Nissan to buy 35,000 A-Stars from company in FY11
Phillips Carbon board approves raising upto Rs 200 crore via QIP
Mah Satyam inks pact with Danish IT firm: Mahindra Satyam, the brand identity of Satyam Computer Computer Services Ltd., has signed a new four year offshore contract, worth about $48 million, with KMD, one of
JFE to buy into JSW Steel: In what could turn out to be one of the biggest deals in the domestic steel market,
Triveni Engg to consider demerger of steam turbine biz: The company has board meet on March 12 to consider demerger of steam turbine business
Air traffic, airlines registering growth once again: The civil aviation sector in
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