MARKET OUTLOOK 18-08-2010

US Markets closed positive.
Europe markets ended higher.
Asian markets are trading mixed.
Expect Indian Markets to open flat.
Nifty: (5414) Support 5378 and Resistance 5469.

INTRADAY BEEPS

BUY INDIA INFOLINE TARGET 114 SL 103;
BUY BPCL TARGET 690 SL 667;
BUY INDIA BULLS TARGET 160 SL 150;
BUY IOB TARGET 140 SL 128;
BUY PRAKASH TARGET 186 SL 169 ;
BUY ONMOBLE TARGET 335 SL 318;
BUY JBF IND TARGET 145 SL 140;
BUY CANARA BANK TARGET 540 SL 505 ;
BUY YES BANK TARGET 340 SL 320 ;



STOCK BEEPS


-Bajaj Corp to List today on stock exchange:
-Videocon/BPCL Announces oil discovery in the Rovuma Offshore Area 1 block
-Future Ventures files DRHP to raise Rs 750 crore
-S&P puts Vedanta on negative watch on Cairn India buy
-Fitch downgrades Vedanta to BB+ on Cairn India buy
-ONGC may counter bid for Cairn, Oil ministry wants somebody to make better offer to trump Vedanta's bid
-Nuclear bill to go through, but private players barred
-IL&FS Investment Managers looking to exit from 6 of its investment mainly in the real estate space by year end, plans to raise Rs 1500-2000 crore
-Govt may offload only 5% stake in PFC
-Govt may allow 100% FDI in ARCs
-ADAG to buy Indiabulls 26% stake in Indian Commodity Exchange
-NDTV stock rallies on stake sale buzz in NDTV Imagine
-NTPC-BHEL JV looking for global tech partner
-Mindtree in talks to raise billing rates
-Time Techno eyes 2 more acquisition overseas this fiscal
-Madhucon to start mining at Sumatra block in 2-3 months
-RNRL-RPower merger dragged to HC; Rs 800 crore loss alleged
-Jupiter Bioscience board meet on 24th Aug to mull issue shares on pref basis
-Jyoti Strutures board meet to mull fund raising via equity linked instruments

Ex-Dates
Aegis Logistics : Ex-Bonus 2:3
HDFC : Ex-Split ((5:1))
Bharti Airtel : Ex-Dividend @ Re 1
Rohit Ferro : Ex-Split 2:5
Titagarh Wagon : Ex-Dividend @ Rs 5/shr
Neyveli Lignite : Ex-Dividend @ Rs 1/shr

Bajaj Corp Ltd IPO:

Bajaj Corp Ltd IPO will list on Wednesday, August 18, 2010. Issue
price of this IPO has been fixed at Rs 660/- per share. IPO was
oversubscribed by 19.29 times (6.62 times in retail).

IPO Listing Detail

Listing Date: Wednesday, August 18, 2010
NSE Symbol: BAJAJCORP
ISIN: INE933K01013
Issue Price: Rs. 660.00 Per Equity Share
Face Value: Rs. 5.00 Per Equity Share
BUZIBIZ

No Response to "MARKET OUTLOOK 18-08-2010"

powered by Blogger | WordPress by Newwpthemes