BOR: Market Outlook: Expect Indian markets to open in negative today

Market Outlook: Expect Indian markets to open in negative today on account of weak global cues. Nifty has supports at 4950-5000 and resistances are at 5150-5200. Markets are expected to remain ranged bound.

Results Today: Gail India ,Karnataka Bank ,L&T Godrej Prop ,JK Paper ,Mundra Port ,NTPC ,SEL Mfg Company ,Titagarh Wagon, ,Whirlpool

Global Events to watch for today:

• State Mfg Survey
• Housing Market Index

Global indices Update @ 8:

Dow Jones : 10620 (- 162.7)

NASDAQ : 2346 (- 47.51)

Nikkei 225 : 10255 (- 207.5)

Hang seng : 19668 (- 476.6)

SGX CNX Nifty : 5000 (- 69.00)

INR / 1 USD : 45.10

Stocks in action for the day : ABB, Videocon Ind, JSPL, Glenmark, Tata Motors, RIL, ONGC

Board Meet: Mundra Port : Board meet for stock split

Tata Motors plans to launch passenger car in Thailand Homegrown auto major Tata Motors said it plans to launch a passenger car in Thailand despite pulling out of an eco-car project in the Southeast Asian nation. ``The company will explore opportunities to expand its product portfolio by introducing a relevantpassenger car model from the Tata Motors portfolio with appropriate investment for local production in Thailand,`` a Tata Motors spokesperson said. ``The product will be highly fuel-efficient and environment-friendly and will meet the aspiration of the Thai consumers,`` the official claimed. He, however, declined to comment on the model and any timeframe for the launch.

IDBI asks KF to pay back Rs 9 bn IDBI Bank has recalled a Rs 7.5 billion loan advanced to Kingfisher Airlines, after the company failed to stick to its repayment schedule. IDBI has sent a notice to the airline asking it to pay a total of Rs 9 billion, which includes a Rs 1.5 billion short-term loan on which the Vijay Mallya-owned company has missed some payments and a Rs 7.5 billion loan which will mature after some years.

RIL, Russian company to produce synthetic rubber Reliance Industries (RIL) and Russia`s leading petrochemical company, SIBUR, signed a memorandum of understanding (MoU) to set up a joint venture forproduction of synthetic or butyl rubber at Reliance`s Jamnagar petrochemical site. Butyl rubber is used in industries for its special properties like excellent flexibility, resistance to ageing, initial tack at low temperatures and good peel-off. SIBUR will provide proprietary technology for butyl rubber polymerisation and its finishing, while RIL will supply monomers, infrastructure and utilities, according to the MoU signed between the two companies.

Tata Motors` Sanand plant likely to begin production in June Tata Motors` Nano plant at Sanand is ready for commercial production, according to sources. The first unit of the people`s car from the plant would be rolled out in the first week of June, three sources privy to the development said. However, the exact date of the launch ceremony is not known. According to sources in the state government, Tata Sons Chairman Ratan N Tata is expected to be in town on June 2 and the plant will be inaugurated by Gujarat Chief Minister Narendra Modi.Tata Motors officials were unavailable for comment. The Sanand plant started trial runs in December last year. ``The plant is in the process of increasing production from 100-120 Nanos per day to around 200 cars per day and 3,000-4000 cars are now ready for roll out,`` said a Rajkot-based vendor, who did not want to be identified.

ONGC, OIL subsidy burden rises 42% in one quarter The subsidy burden of upstream oil companies, Oil and Natural Gas Corporation (ONGC) and Oil India (OIL), have risen 42% in a single quarter. In the third quarter of 2009-10, the subsidy burden on ONGC and OIL was Rs 34.97 billion and Rs 4.67 billion, respectively. In the fourth quarter ended March 31, it increased to Rs 49.99 billion and Rs 6.62 billion, respectively, on higher auto-fuel losses of oil marketing companies (OMCs), said a government official. The higher subsidy obligation will be a drag on the financial performance of these companies. Both of them are scheduled to announce their fourth quarter and annual results of 2009-10 by the month-end.

RCOM Q4FY10(QoQ) Revenues: Down 6.3% from Rs 5309 cr to Rs 4974.4 cr EBIDTA: 30.79% vs 34.14% Net Profit: Up 10.13% from Rs 1107.7 cr to Rs 1220 cr

DLF Q4 Sales at Rs.1994.4cr vs Rs.1122.3cr ( up 78% YoY, Down 2% QoQ) Adjusted PAT at Rs.426cr vs Rs.158cr ( up 169% YoY , down 9% QoQ)

Rel Infra Q4 Sales at Rs.2643cr vs Rs.2409.24cr (up 9.7% YoY) PAT at Rs.251cr vs Rs.346cr ( Down 27% YoY)Q4'FY09 had tax write back of Rs.71cr vs tax payments of Rs.31cr

Nalco Q4 Sales at Rs.1625.9cr vs Rs.1125.6cr (up 44% YoY) PAT at Rs.391cr vs Rs.83.02cr (up 370% YoY) Note : Q4'FY09 numbers were exceptional due to cost overuns & high inventory , but still Q4'FY10 have beat estimates)

Videocon Q4 Sales at Rs.2840cr vs Rs.2214cr (up 28% YoY) PAT at Rs.149cr vs Rs.72.98cr (up 104% YoY)

RNRL Q4 Sales at Rs.298.3cr vs Rs.270cr (up 9% YoY) PAT at Rs.90.7cr vs Rs.71.5cr (up 25% YoY)

Oswal Chem Q4 Net Sales At Rs 64 Cr~Vs Rs 38.9 Cr Net Loss At Rs 7.7 Cr~Vs Net Profit Of Rs 84.1 Lk

Hindustan Copper Q4 Sales at Rs.409.7cr vs Rs.344.7cr (up 19% YoY) PAT at Rs.91cr vs Rs.4cr (up 2150% YoY) EBITDA margins at 27.5% vs 1% (yoy)

Shiv Vani Oil Q4 Sales at Rs.299.4cr vs Rs.234cr (up 27.7% YoY) PAT at Rs.46.7cr vs Rs.30.8cr (up 52% YoY)

Deccan Chronicle Holding Q4 Sales at Rs.191.6cr vs Rs.18 0.2cr (up 6% YoY) PAT at Rs.6.5cr vs Rs.8.15cr (down 20.2% YoY)

Prime Focus Q4 Sales at Rs.29.8cr vs Rs.19.54cr (up 52% YoY) PAT at Rs.7.3cr vs Loss of Rs.5.4cr (YoY)

Berger Paints Q4 Sales at Rs.434cr vs Rs.350cr ( up 24% YoY) PAT at Rs.28.17cr vs Rs.21.49cr (up 31% YoY)

LML Q4 Sales at Rs.50.2cr vs Rs.40.4cr (up 24% YOY) Loss of Rs.5.3cr vs Rs.7.3cr

Supreme Infra Q4 Sales at Rs.171.8cr vs Rs.145.2cr ( up 17.9% YoY) PAT at Rs.11.02cr vs Rs.5.8cr (up 86% YoY)

Monsanto Q4 Net Sales At Rs 28.3 Cr Vs Rs 5.9 Cr Net Loss At Rs 8.5 Cr Vs Net Loss Of Rs 26.7 Cr

ABB Voluntary Open offer at Rs 900/sh (CMP RS 673) , Parent co aims to up stake to 75% post open offer

Videocon Industries : Board approves fund raising upto Rs.2161cr via Equity Instruments (Rs.1000cr via QIP , Issue Rs.1000cr via ADR or GDR, Rs.161cr via prefrential allotment)

JSPL Drops Plans To Buy Oman's Shaheed Iron & Steel Co

Tulip Telecom : Approves Stock Split in ratio of 5:1

Glenmark : Phase IIb study for Oglemilast (with Forest) in asthma does not meet its primary endpoint

Asian Hotels : Company approves Fund raising for expansion plan

Ramco Systems : Board Meet To Mull Rights Share Issue On May 24

JSW Steel buys 9 US mines for $200-250m

Mukesh Ambani sees crude heading towards $100

Apollo Hospital to hive off retail pharma biz – BS

Usha Martin eyes bigger pie in realty, education sector – BS

Madhucon Projects arm IPO put off for a year – DNA

Jindal Power IPO by June end – HT

GMR sets sight on Maldives airport revamp – PTI

Essar’s BPO arm Aegis to buy Avaya Global Connect – BS

No single vendor may get more than Rs 30 cr UID project – BS