MARKET REPORT FOR 22nd OCT 2009

US markets end -ve; MTNL ADR slips 5%


Mahindra Satyam may axe 5,000 benchers
After SBI, Axis, BoB, to raise funds abroad
Hero Honda net profit surges 95%
Spanco bags Orissa data deal
RIL uses long-term loans, share issues, to build ballast
Nelp-VIII attracts $1.34-billion investment, says govt
RIL declines 'arbitration'
JP Associates Q2 PAT up 329% at Rs 870 cr
Changes in Nifty: JP Assoc, IDFC in; Nalco Tata Comm out
Renault may snap ties with M&M but won't exit India
Karnataka sugar output may rise 12%
Yes Bank net up 76%
Oil nears $82 as dollar hits new low
Mahindra Satyam bags $ 79 mn order in Q2 in MENA region
Areva gets Rs 900-cr Maharashtra contract

VIEW:- SELL RIL BELOW 2160

SELL AXISBANK BELOW 962

SINGAPORE NIFTY IS TRADING AT 5,032.0 DOWN BY 36.0 POINTS.