BOR: Market Outlook: Indian stocks are likely to remain subdued as global equities continue to reel under the woes of the euro-zone nations.

Market Outlook: Indian stocks are likely to remain subdued as global equities continue to reel under the woes of the euro-zone nations. Moreover, the F&O expiry for the April series expires today which will keep the volatility high. Stocks in the Asia-Pacific region continued to remain sullen as a downgrade of Spain’s debt rating eclipsed Fed’s encouraging statement on the state of the economy. Nifty has supports at 5180-5200 and resistances are at 5300-5330.

Results Today: Siemens, Ultratech Cement, Ashok Leyland, Bata India, Biocon, Cadila Health, Ceat, CESC, Hanung Toys, HCL Infosystems, Hexaware Tech, Indiabulls Real Estate, ING Vysya Bank, IOB, KEC Intl, Mahindra Holiday, Mahindra Ugine, MRF, NELCO, Oriental Bank, Parsvnath Developer, Phoenix Mills, Puravankara Project, Thomas Cook, United Phosphorous, Ajmera Realty, Andhra Bank

Global Events to watch for today:

• Jobless Claims
• EIA Natural Gas Report

Global indices Update @ 8:

Dow Jones : 11045 (+51.28)

NASDAQ : 2471 (+00.26)

Nikkei 225 : 10924 (- 287.8)

Hang seng : 20931 (- 17.57)

SGX CNX Nifty : 5230 (+06.00)

INR / 1 USD : 44.60

Stocks in action for the day : HDFC, Marg, Kamat Hotels, Jet Air, ONGC, IOC, RIL.....

IPO update Jaypee Infratech IPO opens today, offer for sale of 6 crore shares along with fresh issue of Rs 1650 crore at a price band of Rs 102-117/share Satluj Jal IPO opens today, issue of 41.5 crore shares at Rs 23-26/share Tarapur Transformers IPO closes, final subscription 1.7 times
Mandhana IPO closes today, subscribed 1.6 times

VCCircle exclusive: sources -Petronas Front-Runner to buy stake in franchisee Kings XI -Petronas Front-runner to buy 26%-49% stake -Petronas & Preity Zinta may emerge as major shareholders VCCircle Alert: Petronas is a Malaysian energy major -Ness Wadia may look at exiting Kings XI -Burmans may significantly pare holding or exit -Petronas likely to buy part of stake held by Burmans

Eicher Motors Q4 (cr - crore, vs - versus) -Net profit at Rs 40.2 Cr Vs Rs 15.8 Cr (YoY) –Net

sales at Rs 1,038 Cr Vs Rs 592 Cr (YoY)

MindTree Q4: -Cons net sales at Rs 344.4 cr Vs Rs 331.9 Cr (QoQ) -Cons net profit at Rs 54.5 Cr Vs Rs 53.8 Cr (QoQ)

Balaji Tele O4 -Sales at Rs 33.52 cr vs Rs 38.9 cr (Down 14% QoQ) -PAT at Rs 3.3 cr vs Rs 1.81 cr (up 87% YoY)

Lanco Industries Q4 -Sales at Rs 159 cr vs Rs 177 cr -PAT at Rs 12.4 cr vs Rs 5.14 cr -Foreign exchange gain of Rs 2.3 cr Vs loss of Rs 10.4 cr Consumption of raw material down to Rs 83.3 cr Vs Rs 106.9 cr

Alstom Projects -Sales at Rs 619.2 cr vs Rs 809.26 cr (down 23% YoY) PAT at Rs 47.6 cr vs Rs 26.19 cr (up 82% YoY) -EBITDA margins expanded by 600bps at 11.92% Raw material expenses at 66% vs 76 % of Sales (YoY) -Other expenditure at Rs 557cr (Down 28% YoY) -India revenues at 71%, Outside revenues at 28%

Shopper Stop Q4 -Sales at Rs 422.9 cr vs Rs 352 cr (up 20% YoY) -PAT at Rs 16.4 cr vs Rs 8.32 cr (up 197% YoY)

Raj Television Q4 -Sales at Rs 14.17 cr vs Rs 19.49 cr (down 27% YoY) -Loss of Rs 4.77 cr vs loss of Rs 3.08 cr (YoY)

Essel Propack Q4 -Sales at Rs 301.2 cr vs Rs 323 cr -PAT at Rs 8.7 cr vs loss of Rs 5.1 cr

Heidelberg Cements Q4 -Sales at Rs 267.8 cr vs Rs 254.4 cr -PAT at Rs 40.25 cr vs Rs 48.8 cr

GHCL Q4: -Net profit at Rs 63 Cr Vs Rs 25 Cr -Net sales at Rs 347.3 Cr Vs Rs 313 Cr

Jet Airways inducts Boeing jets, to introduce biz class seats Jet Airways has decided to induct two B737s to its fleet in May, indicating that Indian aviation is on a strong comeback trail. The airline will also gradually introduce business class in all its JetKonnect airplanes as the demand from its premium card holders - silver, gold and platinum members - for the business class has grown. ``We will lease two Boeing aircraft from leasing company BOC Aviation. It would be deployed on domestic and short-haul international routes,`` two persons familiar with the development said.

ONGC, IOC may spend more on buys OIL & Natural Gas, India`s biggest explorer, and Indian Oil are set to get approval from the government to spend five times more on acquisitions, giving them greater freedom to compete with China for assetsm, reports Rakteem Katakey. NTPC and Steel Authority of India are also expected to be permitted to make Rs 50-billion (USD 1.1 billion) takeovers without government clearance, Bhaskar Chatterjee, secretary in the Department of Public Enterprises said. The state-run companies, which can now invest Rs 10 billion, may get the higher limit in three weeks, he said. ``This gives us more firepower,`` RS Sharma, chairman and managing director at New Delhi-based ONGC, said.

UTV Software signs syndication deals worth Rs 707.5 mn UTV Software Communications said on Wednesday its motion pictures division has signed syndication deals worth Rs 707.5 million with satellite broadcasters and two music companies. The syndication deals will include satellite television rights for three upcoming movies and audio rights for four movies, it said in a statement to the exchange. The firm also plans to release 10-12 movies in this fiscal, it said. It will derisk its investment through pre sales of up to 50% of the cost of production for about 8-10 of them, it added.

Reliance discovers more oil in Cambay basin Energy major Reliance Industries has discovered more oil on India`s western coast, raising the potential of the exploratory blocks it has been drilling, the company said on Wednesday. India`s biggest conglomerate whose businesses span petrochemicals, refining, oil and gas exploration and retail said the current flow was at 300 barrels of oil per day (bopd) at the onland exploratory block in the Cambay basin in Gujarat state.

Bharti to close Zain buy in May as India profits fall Bharti Airtel`s first profit drop in three years puts pressure on India`s top mobile operator to quickly integrate its USD 9 billion purchase of Zain`s African assets to help it cope in a cut-rate home market. Bharti, controlled by billionaire Sunil Mittal and also 32% owned by Singapore Telecommunications has been caught in a margin-chomping price war with Reliance Communications and other rivals in the world`s fastest-growing and arguably the most competitive market.

RPG group company to set up carbon black plant at Mundra RPG group company Phillips Carbon Black is in the process of setting up a 50,000 MT carbon black plant at Mundra in Gujarat which would be commissioned this financial year, Phillips Carbon Black chairman Sanjiv Goenka said. The company would incur a capital expenditure of Rs 3.5 billion for setting up two carbon black plants and a power plant, a top company official said. The firm was also planning to set up another 50,000 MT plant, the location of which was yet to be finalised. The plant would require 40 acres of land, he told reporters here.

GAIL Gas aims at Rs 1.5 bn revenue in next 2 years Awholly owned subsidiary of GAIL (India), GAIL Gas is aiming to earn Rs 1.5 billion in revenue in the next two years by expanding its network ofnatural gas distribution in cities. The two-year-old firm, which currently distributes only in Dewas, will become operational in Sonepat from next month. Kota and Meerut will follow, chief executive M. Ravindran said on Wednesday. GAIL Gas will also bid for more cities. ``The next round of bidding will start within a month; 30-odd cities are expected to be up in the next couple of months,`` Ravindran said. ``We have already earned Rs 30 million in the first year, we expect Rs 500 million to Rs1 billion in the coming year, which could go up to Rs 1.5 billion in two years.``

HDFC: Board to consider stock split on May 3

Marg closes QIP yesterday, receives bids for 56.3 lakh shares @ Rs 189.8/share

NHPC signs MoU with SJVN & Government of Manipur for implementation of 1500 MW Tipaimukh Hydroelectric

Kamat Hotels: mulls a board meet on April 30 for revision of FCCB into equity

Deep Industries board approves fund raising up to Rs 125 crore ( via QIP/FCCB)

Philip Carbon closes QIP offering , Price of QIP at Rs.200/share

Board Meet: Zee board meets for details of 9x acquisition

AT&T says: Will maintain vendor relations with Tech Mahindra despite divesting shares

Tata, Actis to roll out USD 2 billion JV for road projects – ET

Infra company ECB norms may be eased – ET

Sanofi recalls suspect vaccine after WHO found it unsuitable – ET

Govt mulling 100% FDI in defence – BS

SEBI drops legal option on ULIPS, IRDA may approach govt again – BS

JET may lose Bandra_kurla plot for failure of payment – FE

Govt bans import of Chinese telecom equipment – BL

Auto co may soon loose import tariff protection – BL

DBS files winding up petition against Vishal Retail – Mint