US markets slip on China growth worries
FIIs net sellers Rs 1,658cr in F&O on Wednesday.
ArcelorMittal Q2 net loss at $800 mn.
Asian markets mixed; Shanghai Composite gains 1%.
Axis Bank may issue GDRs soon.View :->>> BUY AXIS BANK ABOVE 948 FOR A TGT OF 973.SL 932.
PNB net profit soars 62%
Infosys Hyd SEZ to be operational in 12 months.View:->>> BUY INFY ABOVE 2015 TGT 2039.SL 1999.
Oil falls by $4 on rising inventory.
United Spirits Q1 net up 54%.
HDIL sells 1.8 mn sq ft of TDR in Q1; to raise Rs 2,200 crore.
Tata Steel net dips 47% on higher coal prices.View:->> SELL TATA STEEL BEL 416 TGT 395.SL 429.
R-Power clocks Rs 263-crore net profit in Q1.
Birla Corp hits 52-week high on record profit.
Rico Auto hits 52-week high.
KPR Mill Q1 net profit down 45% at Rs 6.5cr.
Kingfisher Q1 net loss widens; to raise 5 bln rupees.
Sun TV Q1 PAT seen up 13.21% at Rs 116.1cr.
NIIT Q1 cons PAT seen down 38% to Rs 10.6 cr.View:->> SELL NIIT BEL 58.5 TGT 55.85.SL.60.3
Cairn Q1 net profit seen down 53.2% at Rs 64.9 cr.
Indian ADRs ended mostly lower on Wednesday. In the IT space, Satyam Computers was down 3.81% at $ 5.05, Infosys was down 1.09% at $ 41.56, Wipro was down 0.07% at $ 14.14 while Patni Computers was up 3.51% at $ 12.37.
In the banking space, ICICI Bank was down 2.08% at $ 29.73 and HDFC Bank was down 0.18% at $ 92.51. In the telecom space, MTNL was down 5.51% at $ 4.29 while Tata Communication was up 0.92% at $ 20.76.
In other sectors, Sterlite Industries was down 6.12% at $ 12.58, Tata Motors was down 3.42% at $ 10.16 while Dr Reddy’s Labs was up 0.24% at $ 16.7
Singapore Nifty is trading flat at 4,505.0 up by 9.0 points.
