MARKET OUTLOOK 27-08-2010

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US Markets closed negative.
Europe markets ended positive.
Asian markets are trading weak.
Expect Indian Markets to open flat.
Nifty: (5478) Support 5416 and Resistance 5506.

INTRADAY BEEPS

BUY INDUSIND BANK TARGET 240 SL 217;
BUY JYOTI STRUC TARGET 155 SL 140;
BUY CERA TARGET 370 SL 350;
BUY OPTO CRCUITS TARGET 290 SL 277;
BUY APOLLO TYRE TARGET 77 SL 71;
BUY TIIL TARGET 70 SL 64;
BUY ELECTHERM TARGET 330 SL 313;
BUY CENTRALBK TARGET 190 SL 177;
BUY THOMASCOOK TARGET 73 SL 66;

STOCK BEEPS


-Jet Airways sought RBI approval to raise USD 750 million via ECBs
-L&T to foray into banking to strengthen core funding, Naik said in AGM
-REI Six Ten Retail Board approves Fund raising in one or more
tranches up to $200 million
-ONGC board okays Rs 372 crore investment in Western Offshore
-Crisil may sell 5% in NCDEX to JM Trustee co
-Tata Power eyes stake in Intergen, in talks with GMR
-Clearwater to acquire 33% stake in Kamat Hotels, concerted USD 5.6
million FCCB at Rs 135/share, to convert further USD 12.4 million in a
year, deal to trigger open offer
-Godrej Properties plans Rs 1000 cr QIP issue in FY11


Board Meets Today

-HCL Infosystems : Results
-Prime Focus : To Consider Stock Split & Fund raising
-Ansal Housing & Construction : To issue shares/warrants on prefertial issue
-Oudh Sugars : Results
-Edserv Softsystems : Issue of Securities

Ex-Dates Today

-Lupin : Ex-Split in ratio of 5:1
-Nationa Aluminum : Ex-Dividend @ Rs 1/share

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