Tuesday, August 4, 2009

market Report 4th August 2009

S&P ends above 1K, Nasdaq above 2K post manufacturing data
Market cues: FIIs net buy $163.5 mn.
Maruti, M&M drive markets up to 14-month high.
Indian ADRs: Sterlite up 8.2%, Tata Motors gains 7.2%
Indian ADRs rallied on Monday. In the IT space, Satyam Computers was up 7.14% at $ 5.4, Infosys was up 3.14% at $ 44.38, Wipro was up 4.13% at $ 15.12 and Patni Computers was up 1.11% at $ 15.42.

In the banking space, ICICI Bank was up 5.9% at $ 33.2 and HDFC Bank was up 3.44% at $ 101.13. In the telecom space, MTNL was up 4.28% at $ 4.39 and Tata Communication was up 3.53% at $ 21.1.
Asian markets trading firm; Hang Seng, Nikkei up
Oil pauses after 3 pct rally, supply build up seen.
Bombay Dyeing Q1 net loss at Rs 19.7 cr.
Orchid Chemical Q1 net loss at Rs 29.8 cr.
L&T Plans QIP of $600 million.
MCX-SX to sell 47% stake, may fetch Rs 3k cr.
Bharti, MTN extend deal deadline by a month.
Exports continue to head south, plummet 27% in June.
Mahindra looking to expand non-tractor farm equipment biz.
L&T bags Rs 5,300-crore Bombay High revival order.
Sun Pharma settles patent dispute with Astra Zeneca .
Adani Power IPO price fixed at Rs 100 per equity share.
Tata Motors delivers 2,475 Nanos in 15 days.
Indian Hotels to raise capital through debt, equity


SIngapore Nifty is trading flat at 4,730.