Market Outlook: Nifty may have flat to negative opening today. Nifty has supports at 5000-5080 and resistances are at 5250-5300. US stocks faltered in the last hour of trading Monday after investors gave in to anxiety about Europe`s economy. Asian stocks fluctuated as Japanese brokerages gained after Credit Suisse Group AG boosted their investment ratings, while gold producers dropped as prices for the metal declined
Global Events to watch for today:
Þ Housing Market Index
Þ Redbook
Global indices Update @ 8:
Dow Jones : 10190 (- 20.18)
NASDAQ : 2243 (+00. 36)
Nikkei 225 : 9861 (- 17.98)
Hang seng : 20070 (+18.56)
SGX CNX Nifty : 5200 (- 05.00)
INR / 1 USD : 46.57
Stocks in action for the day : RIL, Infy, Bajaj Hind, RComm, GTL Infra, Ashok Leyland, SpiceJet, Adani Power...
Satyam : CLB allows the company to publish Q1 results by September 2010
Mahindra Satyam: Sources say Current revenue run rate seen between USD 1-1.2 billion Likely to have added 54 clients since September 2008 -Current client base likely to fall to 380-400 -Low double digit operating margins likely -Operating margins likely between 10-12% -May have generated operating cash flow of USD 50-80 million last fiscal -Current headcount at 28,000 versus 53,000 in September 2008 Alert: Mahindra Satyam to submit financials by September 2010
Balaji Telefilms - VCCircle exclusive -Star
Reliance Infratel - -Reliance Infratel & GTL Infra in talks for possible deal -Deal may be announced shortly -Deal valuation higher after recent spectrum auctions -Reliance Communications & GTL Infra offer no comment
Reliance Communications says -To demerge Reliance Infratel -
Anil Ambani says -Demerger to aid fast, low cost network rollout-Look forward to co-operation with existing, new players
Bajaj Hindusthan -To mull merger of its arm Bajaj Hindusthan and Industries -Board meet on Thursday to discuss amalgamation Alert : Bajaj Hindusthan Sugar and Industries 75% listed subsidiary with company
Ex-Dates Today: TCS : Ex-Dividend @ Rs 14/share (( Final + Special )) Wipro : Ex-Bonus at 2:3, Dividend @ Rs.6 Kwality Dairy : Ex-Bonus 5:7
Dheeraj Hinduja set to steer Ashok Leyland The sprawling Hinduja Empire, spread over the
Adani Power gets govt nod for two projects India`s national authority on clean development mechanism (CDM) has approved Adani Power`s two power projects to draw carbon credits worth Rs 2.9 billion annually. The company has made efforts to significantly reduce greenhouse gas emissions (GHG) and increase productivity of its plants located in Maharashtra and
Jaiprakash may buy
Maran makes open offer for SpiceJet Days after acquiring nearly 38% stake in SpiceJet for about Rs 7.4 billion, media magnate Kalanithi Maran today made an open offer to acquire another 20% in the no-frills carrier for Rs 57.76 a share. The open offer would involve an outgo of around Rs 4.8 billion, taking the overall deal size to Rs 12.2 billion. Last week, Maran offered to pick up 37.73% in SpiceJet at Rs 47.25 a share, aggregating to Rs 7,395.7 million, according to a statement from the airline. Aiming to acquire a controlling stake in the low-cost airline, KAL Airways today made the mandatory open offer, a three per cent premium to Friday`s closing price of Rs 56.05 on the Bombay Stock Exchange (BSE).
Tata Tea aims at 50% revenue from non-tea biz Tata Tea, which is going to be rebranded as Tata Global Beverages, has targeted 50% revenue from its non-tea business. ``We are targeting to garner 50% ofthe company `s revenue from non-tea business,`` the Tata Tea Executive Director, Sangita Talwar, said. At present, 85% of Tata Tea`s turnover comes from its tea business. Referring to the joint venture between Tata Tea and Pepsi for manufacturing non-carbonated health drinks, Talwar said the products will be introduced in India first, followed by other countries.The company is also targeting an increase in exports to Bangladesh and Pakistan.
No comments:
Post a Comment