Friday, July 3, 2009

Market Report 3rd July 2009

Mamata set to present pro-people Rail Budget.Oil falls towards $66 after bleak U.S. jobs data.
US employers slash 467000 jobs in Jun vs estimate of 365000.
OPEC oil output rises slightly in June: Reuters survey.
GM sales fall 34 per cent in June.
Euro zone unemployment hits 10-year high in May.
Manhattan apartment prices skid 13 to 19 pct in Q2.
Japan's ANA orders five more Boeing 787 planes.
Japanese banks Shinsei, Aozora announce plan to merge.
Fitch ups India's GDP growth forecast to 6 per cent.
F&O cues: Total Futures Open Interest down by Rs 149cr.
Binani Zinc plans to treble capacity by '11.
Palm oil posts biggest drop in 8 days.
Wealth managers likely to opt for advisory fee model.
Kavveri Tele surges on Canadian buy.
To use 80% of QIP proceeds to retire debt: HDIL.
Fund Action witnessed in Ahmednagar Forg, Aurobindo Pharma.
3G spectrum must be freely tradable: Survey.
Create household ID cards: Economic survey.
India inks pact with Lesotho for IT services.
SBI Life pips ICICI Pru to become largest private life insurer.
To use 80% of QIP proceeds to retire debt: HDIL.
Delhi HC rejects Man's plea challenging GAIL's re-tending.
Coal unions oppose disinvestment of CIL.
Bond market registers strong volumes.
S Kumars to raise Rs1000 cr to fund expansion plans.
Inflation falls to -1.3 pc; negative for third week in a row.
Accor opens hotel under Novotel brand in Mumbai.
May exports shrink 29%, more interest aid on cards.
India defers policy to privatise ground services at airports.
Hyderabad's SoftPro acquires South African firm for $19 mn.
No formal proposal on BHEL divestment yet; will talk to Board.
PFC plans to reduce interest rates by 25 bps.
Koutons Retail posts net profit of Rs 35.82 cr for Q4.
Kingfisher Airlines defers declaration of results.
Hero Honda sales up 23.70 pc in June.
India's external debt rises 2.4 pc at $ 230 billion.
RIL not to sign pact with RNRL on gas supply.
Gas pipeline grid planned, budget may bring cess.
L&T bags two orders worth Rs 651 cr.
General Motors says China sales up 38 per cent.
Maruti sales jump 23 pc in June.
India again defers decision on Unitech telco FDI.
Auto sector turnover crosses Rs2 trillion; employs 10 million.
L&T, Tata Projects vying for Coastal Energen contract.


SIngapore Nifty is trading at 4,300.0 down by 33.5 at 9.25 AM IST.