Wednesday, July 1, 2009

Market Report 1st July 2009

Mkt slip led by QIP, pre-Budget jitters
The Sensex plummeted more than 300 points and the Nifty was down to 4300. There were mixed results on the capital raising front. United Spirits successfully raised Rs 900 crore through sale of treasury stock but GMR Infra faltered, its USD 500 million QIP plan has to be pulled off.
Gannett laying off 1,000 as ad sales slide: Report.
GM CEO makes case for U.S. bankruptcy asset sale.
Oil pushes past $72 on Nigerian unrest.
Oil spikes to 8-month high on brief Brent bid frenzy.
Rupee closes strong; bonds flat.
GM cuts ties with Toyota in US joint venture.
Canon to cut 700 jobs at chip gear operations.
Sony to acquire Seiko Epson's LCD ops for free.
ArcelorMittal, Rio in race for India mines – report.
United Spirits raises Rs 1,100 cr via treasury stock sale.
UK's Lloyds banks on Wipro, TCS staff.
IT biggies take 40% hit in billing rates.
Infrastructure new buzzword for Mutual Funds.
Shaw Wallace to sell entire stake in United Spirits.

TCS, Wipro, Infy among companies battling it out for Rs 2,000-cr defence deals.

IT looks at sunny days as deals begin to flow.
HCL bags 5-yr deal from US beverages co.
SBI cuts home loan rates for first 3 years.
Network18 FY09 cons net loss at Rs 181.9 cr.
Launching 3 new projects in Q2: Ackruti City.
R-Power in talks to sell 15% to foreign investor.
Citibank launches next-gen mobile payments in India.
HSBC India net profit up 8%, Deutsche's 11% on provisioning.
India's external debt up 2.4% to $229.9 bn.
Govt sees GDP growth at 7% in FY10.
AIG's Indian software unit on block.
IIFCL may issue Rs 30k-cr bonds by Dec.

Singapore NIfty is trading flat at 4,301.0 down by 1.5 pointa at 9.15 AM IST