Market Outlook: Indian markets are expected to open in positive note

Market Outlook: Indian markets are expected to open in positive note on the back of constructive action seen on the global counters. we see market support on the downside for the Nifty near 5940 and resistance at 6090.

Global events to watch

Þ Jobless Claims

Þ New Home Sales

Þ Consumer Sentiment

Þ Durable Goods Orders

Þ Personal Income and Outlays

Global indices Update @ 8:

Dow Jones : 11559 (+26.33)

NASDAQ : 2671 (+03.87)

Nikkei 225 : 10346 (+05.95)

Hang seng : 23083 (+38.24)

SGX CNX Nifty : 6000 (+05.00)

INR / 1 USD : 45.13

Stocks in action for the day: PTC India, ONGC, Tata Steel, HCC

A2Z listing today

Tata Steel in Focus -Rio Tinto near deal on USD 3.8 billion Riversdale bid -Tata Steel holds 24% stake in company -Indian consortium lead by NMDC also looking to bid for Rivesdale

HCC in focus -Bombay HC to hold final hearing on Lavasa on January 27 -MoEF counsel says Lavasa yet to give details on cut hill slopes' stabilisation Lavasa Vs MoEF -Bombay HC says not inclined to stay MoEF status quo order -Bombay HC directs MoEF to pass order on Lavasa by January 10

Oil India announces Rs 18/share interim dividend for 2010-11 -Total dividend payout at Rs 432.82 crore

RBI says -MFIs met bank loan repayment obligations till November -Repayment of loans to MFIs a big concern going forward -Banks for interim measures to tackle microfinance issues -Banks seek concessions for MFIs' loan rescheduling -Banks need to fund MFIs To 'prevent contagion'

JPC - Exclusive: -FM says govt ready to hold special session of parliament to debate JPC on floor alert: Govt fears budget session may be disrupted by opposition

Ex-Date -Coromandel International: 2-1 stock split -EID Parry: 2:1 stock split -Surya Pharma: 10:1 stock split -Polyplex Corporation: 1:1 bonus issue

ONGC Videsh to farm out its 100% stake in block BM-S-73 in Brazil -Petrobras to get 43.5%, Ecopetrol 13% in BM-S-73 -ONGC Videsh to retain 43.5% in block BM-S-73 -ONGC Videsh will remain operator of block BM-S-73 -ONGC Videsh to get 43.5% from Petrobras & Ecopetrol in block BM-S-74 -Petrobas, Ecopetrol to hold 43.5%, 13% in BM-S-74

Andhra Bank hikes BPLR by 25 bps to 13.25% effective Thursday -Hikes rates on some deposits by 50 bps effective Thursday

PNGRB says - -Have got RIL clarification on Kakinada pipeline delay PNGRB: Petroleum & Natural Gas Regulatory Board PNGRB says: -RIL wants to wait for more gas for new pipelines -To review RIL pipeline authorisation in project held

PTC India files DRHP with SEBI for financial arm IPO

India Infoline board meet today to consider buy back

Godrej Properties - release of 4.65 crore locked in shares

Uniphos Enterprises board meet to consider fund raising via rights issue

Shakti MetDor shares delisted on 22nd December, company will acquire outstanding shares at Rs 200/share

Supreme Holding board meet today to consider a Scheme of Arrangement between Jatia Hotels & Resorts Private Limited, Royalways Trading & Investment Services Private Limited and Supreme Holdings Ltd

ABG Infra board approves buyback at Rs 244.5/share

Nitin Fire board approves amalgamation of 100% subsidiary Company i.e. Logicon Building Systems Private Limited and Alert Fire Protection Systems P Ltd with self