Thursday, July 2, 2009

Market Report July 2nd 2009

Government hikes petrol prices by Rs 4, diesel by Rs 2
Auto supplier Lear to file for bankruptcy, obtains financing.
Wall Street gains on recovery hopes, but job data looms.
Gold traders continue to replenish stocks.
Mini gold contracts to tap household stock.
MMTC to import 150 tonnes gold.
Bond yields dip on lower borrowing hopes.
Big guns among PSUs may get ’MahaNavaratna’ tag.
Suzlon arm to supply Wind Turbines to a French Co, stk up.
Block deal in HCC, stock gains.
Budget may boost farm, energy sectors.
Alcatel-Rel Comm JV firm has $750 mln contracts.
Reliance Cap raises 23.5 bln rupees in infra fund.
Koutons Retail posts net profit of Rs 35.82 cr for Q4.
Rel Infra bags IT consultancy projects in Karnataka.
Fiat CEO says Chrysler cash burn slows – Bloomberg.
Govt may take action against RIL on KG gas.
Carlyle earmarks up to $75 mn for investment in single firm.
Rail budget to be people's budget: Mamata.
iSOFT signs deal with Malaysian prime contractor.
Fertiliser subsidy seen at Rs 600 bn.
Govt may intervene in RNRL case if RIL approaches SC.
ABB surges on bagging order worth Rs 165 crore.
Gammon, MMTC to develop iron ore terminal at Paradip.
Marks & Spencer 1Q sales up 2.9%.
GSPL surges 5% on rise in FY09 net.
Maytas proposes Reliance Infra as partner for Metro project.
TVS Motor sales up 6% in June.
Coffee exports down 21% on lower supplies, high price.
Eicher Motors strikes 52-week high.
Max India withdraws Rs 650 cr Rights Issue, stock down.
Exports dip by 29.2%, Com Min expects sops in Budget.
Sebi entry load ban may reduce NFOs.
Rupee gains as auto sales brighten outlook.
ICICI plans processing hub in Hyderabad.
YES Bank to double branches next year, up SME loans: MD.
Irda prohibits insurers from investing in IDRs.
Exports sink 29% in May to $11 b; oil imports slip.
Order book at Rs 800cr as on April 1: Titagarh Wagons.
Hindalco closes Novelis plant in UK, to recast capex plan.
'MCX-SX plans to be the first universal exchange by design'.
Bajaj Hind's QIP fires up India Inc.
IMF to authorise $150 bn in bond debut.

Singapore Nifty is trading at 4,368.5 up by 29.0 points at 9.15 AM IST.