BOR: Market Outlook: Indian stocks are likely to open on a higher note spurred by investor sentiment across global markets.

Market Outlook: Indian stocks are likely to open on a higher note spurred by investor sentiment across global markets. Nifty has supports at 5180-5200 and resistances are at 5300-5330.

Global Events to watch for today

• ISM Non-Mfg Index
• Pending Homes sales Index
• 4-Week Bill Announcement
• 3-Month Bill Auction
• 6-Month Bill Auction

Global indices Update @ 8:

Dow Jones : 10927 (+ 70.44)

NASDAQ : 2403 (+ 04.62)

Nikkei 225 : 1134 (+57.19)

Hang seng : 21537 (+297.65)

SGX CNX Nifty : 5339 (+33.50)

INR / 1 USD : 45.14

Stocks in action for the day : ONGC, M&M, GTL, Patni, Welspun Guj, DB Corp

Bajaj Auto March sales -Total 2-wheeler sales at 2.4 lakh units versus 1.3 lakh units (YoY) -Total 2 & 3-wheeler sales at 2.7 lakh units versus 1.5 lakh units (YoY) Exports at 65,134 units versus 46,874 units (YoY)

Hero Honda March total 2-wheeler sales up 14% at 4.14 lakh units

Tata Motors -March total sales up 38% at 75,151 units (YoY) -Domestic CV sales up 49% at 43,285 units (YoY) -March exports at 4,105 units versus 1,799 units (YoY) -March domestic sales up 35% at 71,046 units (YoY) -March passenger vehicles sales up 17.3% at 27,761 units -FY10 total sales at 6.42 lakh units versus 4.98 lakh units

Union Bank of India: -Ups rates on deposits less than Rs 1 crore by 25-50 bps -Increase in deposit rate effective from April 05

Bharti - from sources: -Bharti to take Airtel brand to Africa -Bharti can use Airtel brand anywhere outside India -Formal rebranding announcement post Zain deal closure Zain
-Zain announces CY2009 financial results -Company recorded consolidated revenues of USD 8.056 billion, up 15.7% YoY -Consolidated EBITDA increased by 24% to USD 3.215 billion -Consolidated net income down by 39% at USD 675 million

Cement numbers

JP Associates March cement sales up 75% at 1.37 mt (YoY)

Shree Cement March cement sales up 10.7% at 9.27 lakh tonne (YoY)

AV Birla group March cement sales up 9.7% at 3.7 mt

DB Corp -To mull demerger of FM radio operations of synergy media on April 9
-To mull Bhaskar Publications' merger with self on April 9

Etisalat DB Realty Telecom launches in India under the brand name 'Cheers'

IPO Alert: Raheja Universal seeks SEBI okay for Rs 864 crore issue

Welspun Gujarat in talks to buy Saudi Arabian Firm for Rs 1000 crore – TOI

Patni brothers in talks for stake sale, now looking at a price of Rs 700-725/sh – ET

Reliance Capital in talks for health cover JV with Swiss Re – ET (Reported earlier)

DLF appoints Goldman Sachs as bankers to sell its Aman Resorts property it had acquired

for USD 400 million in 2007 – ET

Indage Vintners challenge wind-up order, hearing on Thursday – ET

EID Parry, GMR Sugars deal hits roadblock over differences of valuations – ET

Qualcomm, GTL in talks for JV for rolling out bandwidth wireless access – ET -M&M in talks to buy stake in Reva – ET

Steel Companies hike prices by Rs 2500/tn on input costs rise

GMR, Consortium of Reliance Infra and Consortium of GVK in race for privatization

of Male airport – BS

STATOIL, Petrobas quit ONGC Field in KG basin

Ex: SKF India: Dividend Rs 4/sh, Cadila Healthcare: Bonus 1: 2