Indian
markets are seen opening higher on constructive global cues. U.S. stocks on
Wednesday climbed for a third session after U.S. industrial production rose
more than projected, Yahoo's earnings topped estimates and Federal Reserve
Chair Janet Yellen reiterated the central bank would keep up its backing of the
recovery. Asian stocks turned mixed on Wednesday with Japan's Nikkei down on
profit-taking while renewed optimism over the U.S. economic recovery lifted the
rest of the region. Back home, FIIs yesterday sold Rs 44.69 crs in cash market
and 397 crs in stock futures. One big positive is that they bought Rs 197 crs
worth of index futures.
TOP EVENTS TODAY
* Nifty companies detailing Jan-Mar
earnings:
- Wipro
(net profit seen 20.89 bln rupees, up 21% YoY, 4% QoQ)
- HCL
Technologies (net profit seen 15.27 bln rupees, up 47% YoY, 2% QoQ)
* Annual General Meetings of: CRISIL,
GlaxoSmithKline Pharmaceuticals
GLOBAL STOCK MARKETS
* US: Benchmark indices ended in the
green for the third consecutive session on Wednesday, on the back of positive
earnings and economic data.
* Most Asian indices were up today,
taking note of the positive end on Wall Street overnight.
STOCKS
* AARTI INDUSTRIES: The company has
denied reports of a fire at its Boisar unit.
* BAJAJ AUTO: The workers' union at
BAJAJ AUTO's Chakan facility has issued a notice to the management stating that
its members would stop work from Apr 28 if its demands are not met.
* BHARAT SEATS: Posted Jan-Mar net
profit of 17.29 mln rupees, down 30.10% on year. Net sales fell 1.09%
year-on-year to 1.55 bln rupees.
* BHARTI AIRTEL: Launched cheaper data
and call rate for night use, whichincludes unlimited local Airtel to Airtel
call for 7 rupees and 1 GB 3G data for 49 rupees.
* DHANUKA AGRITECH: HDFC Midcap
Opportunity Fund Wednesday bought 899,200 shares, or 1.80% stake, of the
company at 231 rupees per share.
* GMR INFRASTRUCTURE: The aviation
regulator has grounded 11 pilots of the company's subsidiary, GMR Aviation, for
three months.
* GOLECHHA GLOBAL FINANCE: CRB Trustee
sold 42,665 shares of the company on Wednesday at 4.92 rupees a share.
* HINDUSTAN UNILEVER: Plans to sell
six residential flats in Navi Mumbai.
* IDEA CELLULAR: Private equity
players Kohlberg Kravis Roberts and Blackstone have bid for a total of 8% stake
in the company.
* INFOSYS: Has been selected as vendor
by Eastern Bank to enhance the latter's online and mobile banking products.
* JET AIRWAYS (INDIA): Has denied
cancelling its order for 17 Boeing 737 aircraft as reported by a news paper and
said that it has in fact opted for a more fuel-efficient variant.
* JSW ENERGY: Promoter group company
JSW Techno Projects Management has pledged 87.1 mln shares or 5.31% of the
company with IDBI Trustee.
* JSW STEEL: Raised stake in Vallabh
Tinplate to 50% on Tuesday.
* LUMAX AUTO TECHNOLOGIES: Grovsnor
Investment Fund sold 104,641 shares of
the company on Tuesday at 118.88
rupees per share.
* OIL INDIA: Is weighing a bid for
part of Murphy Oil Corp's assets in Malaysia.
* PIRAMAL ENTERPRISES: Is likely to
pay $300 mln for 20% stake in Shriram Capital.
* SPICEJET: May elevate current Chief
Operating Officer Sanjiv Kapoor to chief executive officer's position.
* SITI CABLE NETWORK: Plans to add 6
mln customers this financial year.
* TATA MOTORS: Is restructuring its
production across six factories to improve margins and plant viability.
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