Wednesday, August 19, 2009

Market Report for 19th August 2009

Nikkei dips 0.2 pct in cautious trade; Sanyo surges.Toyota to buy batteries for hybrids from Sanyo - source.
WTO top court rejects U.S. anti-dumping appeal.
Qantas net profit drops 88%.
Microsoft legal chief sees risk in Yahoo deal.
US targeting 150 UBS clients for tax evasion.
Cairn to start producing oil in Rajasthan soon.
Genpact in race for Warburg Pincus' 50% stake in WNS.
Divestment of 7 cos in a year: Ashok Chawla.
Direct tax code needs to clear air on STPI, MAT: TCS.
Numeric Power rises 20% on bonus issue.
Bharat Forge up 8.5% on fund-raising plan.
Poor monsoon to hit growth: Montek.
Poor monsoon due to El Nino winds from Pacific.
Poor monsoon may put pressure on inflation: RBI.
Exports fell 26% in July: Trade secy.
DLF Pramerica to infuse Rs 150-200 cr by next year.
SBI to launch host of PE funds.
Govt cuts minimum export price for basmati by $300/tn.
Sugar firms to help calm prices.
Unitech Wireless gets Rs 5k-cr loan from SBI.
ADAG, Dreamworks JV completes first phase of funding.
AB Nuvo expects Rs 600-cr infusion from warrants.
Pantaloon to raise Rs 500 cr by selling non-core biz.
NG Group targets intnl players for Gallops SEZ.
Tatas to finalise deal with Nano vendors at Singur.

Indian ADRs: Satyam up 5.2%, Sterlite up 3.7%

Singapore Nifty is trading at 4,440.0 down by 15 points.