Monday, August 3, 2009

Market Report 3rd August 2009

FIIs net buyers Rs 660cr in F&O on Friday

Asian markets mixed; Nikkei dips
Oil extends gains on US recovery hopes.
IT majors chase Rs 2,500-cr railways' outsourcing deal.

MTN board meet on Aug 18.Bharti Airtel and South Africa's MTN are likely to announce this week the status of the proposed merger to create a $23-billion entity, as the period for exclusive talks between them expired on July 31. The telecom majors could not come to any conclusion in their exclusive talks, which had started on May 25, for a possible share swap deal between the two firms, said market sources.
NTPC may lose up to Rs 30k cr: Anil
Jaiprakash Associates inks MoU for Rs 1,050 cr cement plant in Assam.
PFC to raise Rs 90,000 crore.
Reliance Infra's order-book set to cross Rs 50,000 crore.
FT may offload 52% in MCX-SX by Sept-end.
IMF gold sales may begin in 2010.
Govt to levy 10% ad valorem tax on iron ore.
Needed: 8 lakh Mw power for 9% growth.

SIngapore Nifty is trading at 4,675.0 up by 21.0 points..