Monday, Apr 21 - Morning brief for the stock market.

STOCKS

* HERO MOTOCORP: Plans to set-up a full-fledged manufacturing plant each in

Colombia and Bangladesh.

* JET AIRWAYS: Has terminated services of close to 40 employees based in Delhi

across various departments. 

* JSW STEEL: Has begun talks to purchase smaller rival Welspun Maxsteel for

about 10 bln rupees. (ET, Sat) 

* NATCO PHARMA: The US court has denied Teva Pharmaceuticals' plea staying

Copaxone patent saying that the company can claim damages for the same. 

* NTPC: Company may be allowed to divert unutilised gas to other plants.

* OIL INDIA: Has signed a pact with Ireland's PetroNeft Resources for securing

50% non-operating interest in Licence 61, Tomsk Oblast in Siberia for $85 mln.

* PRIME INDIA OPPORTUNITY: Sold 115,275 shares of R S Software (India) at

202.35 rupees. 

* WIPRO: Reported consolidated net profit of 22.26 bln rupees, up 28.80% on year

in Jan-Mar. Net sales rose 21.75% on year to 117.03 bln rupees.

DATA ALERT

JAPAN STEEL PRODUCTION for Mar. 1030 IST.

JAPAN SUPERMARKET SALES for Mar. 1030 IST.

US CHICAGO FED NATIONAL ACTIVITY INDEX for Mar. 1800 IST.

US LEADING INDICATORS for Mar. 1930 IST.

CONFERENCES

* WORK SAFETY: Labour and employment secretary Gauri Kumar to attend PHD Chamber discussion on safety and security of women at workplace and construction workers. 1100 IST, New Delhi.

* MANUFACTURING MEET: Commerce Secretary Kher to be present at ASSOCHAM Industry Interactive Session on "Manufacturing Led Exports: Key for Sustainable Growth". 1600 IST, New Delhi.

RBI COUNTER

* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo(at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.

MARKETS

Call  : To open around RBI's repo rate on banks' demand to meet reserve needs early in the session. 1-day call: 8.00-9.00% vs 8.20% 2-day Thu.

Bonds : Seen steady today. May take opening cues from US Treasury yields. 10-year bond yield: 8.80-8.95% vs 8.85% Thu.

Rupee : To track global cues. Bunched-up flows may aid but oil cos' dlr demand to weigh. Range: 60.00-60.60/$1 vs 60.29/$1 Thu.

Stocks: Seen opening marginally higher amid firm global market cues. Nifty range 6750-6820; Thursday-end 6779.40, up 104.10 points.

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