Morning brief for the stock market:

Board Meetings of:
* NCC to consider rights issue
* Garware Wall Ropes to consider closure of ongoing buy-back offer of equity shares of the company.
* RSWM to approve scheme of amalgamation of Cheslind Textiles

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Apr 7: FII x.xx, DII x.xx
* Institutional net buy/(sale) in bln rupees, Apr 4 date: FIIs 2.50, MF xx
* FII NSE futures net buy/(sale) in bln rupee, Apr 7: index 0.98, shr 4.44
* Sensex 22343.45, down 16.05 points; Nifty 6695.05, up 0.70 points
* Crude: $102.56/bbl; Rupee: 60.11/$1; Gold: $1,309.1/ounce; 10-yr yld: 9.1006%

GLOBAL STOCK MARKETS
* US indices rose on Tuesday helped by rebound in information technology and social media companies' shares.
* Most key Asian indices rose, tracking positive cues from US markets, but Japan's Nikkei bucked trend, falling over 1% as yen rose against dollar.
* COMMODITIES India might see the commercialisation of genetically modified jute in a month

EXCHANGES:
* The National Stock Exchange has decided to shift 47 stocks, which include EDUCOMP SOLUTIONS, ERA INFRA ENGINEERING, KIRLOSKAR ELECTRIC CO, to the trade-for-trade segment from the rolling segment from Apr 15.
* The BSE will revise circuit filters on 19 stocks, including EMKAY GLOBAL FINANCIAL SERVICES and EDUCOMP SOLUTIONS, from Wednesday.
* The National Spot Exchange Ltd has settled 3.30 bln rupees, or 6% of the amount due to investors since it suspended operations, missing its own deadline to clear payments.

INFRASTRUCTURE:
* A consortium led by the GMR group, which won the bid for the Mactan Cebu international airport project in the Philippines, faces a petition in that country's Supreme Court to scrap the deal.
* PHARMACEUTICALS: The Securities and Exchange Board of India is likely to begin a preliminary inquiry into the merger deal between SUN PHARMACEUTICAL and RANBAXY LABORATORIES to check whether insider-trading norms were violated.
* REGULATORY: Margin requirements on dollar/rupee derivatives contracts will be restored to their pre-July levels from Apr 15, the Securities and Exchange Board of India said.
* RETAIL: Walmart to open 50 wholesale stores in India over 4-5 years.

STOCKS
* ABB INDIA: Parent ABB has bagged a $18-mln worth order from POWER GRID CORP to construct a 400 kV gas-insulated switchgear substation at Kolhapur in Maharashtra.
* ADANI ENTERPRISES: Promoter pledged 5 mln shares of company on Mar 31.
* COAL INDIA: Canada Commissioner Stewart Beck has met senior officials of the company and has invited the company to explore mining opportunities in the country.
* DHANLAXMI BANK: Has received shareholders' approval to raise 2.33 bln rupees through preferential allotment of shares.
* DLF: Confirmed media reports that the Competition Commission of India had imposed a penalty of 24 mln rupees on it in a case filed by an association of apartment owners and said it is exploring legal options.
* GULF OIL CORP: Promoter has raised stake in the company by 4.99% to 54.96%.
* GVK POWER & INFRASTRUCTURE: The Land Court of Queensland in Australia has granted conditional clearance to $10-bln Alpha Coal Mine project being developed by GVK Hancock, a joint venture of the company and Hancock Prospection.
* IFB AGRO INDUSTRIES: Board has approved purchase of all businesses of Nurpur Gases.
* ING VYSYA BANK: Has said that an adjustment of around 600 mln rupees before tax will be reflected in its financial results for the quarter ended Mar 31 and for 2013-14 (Apr-Mar).
* JAIHIND PROJECTS: Has bagged an order worth 1.15 bln rupees from INDIAN OIL CORP.
* JSW STEEL: Has acquired 26% stake in Vallabh Tinplate.
* KALYANI FORGE: Company plans to deploy a capital expenditure of 2 bln rupees over the next 3-5 years for modernisation and value addition at its manufacturing facilities in Pune, and also scale up share of exports.
* KINGFISHER AIRLINES: Three of its directors, Ravi Nedungadi, S.R. Gupte, and M.S. Kapur have resigned at the start of this month.
* MARUTI SUZUKI INDIA: Company has asked dealers to hold deliveries of certain batches of the Swift DZire, as it decides whether to recall the cars and fix a faulty fuel tank component.
* NESTLE INDIA: Company may introduce new products such as pet food and bottled water in India as it tries to revive growth in the domestic market.
* PIRAMAL ENTERPRISES: Has inked a pact with Merisant India to distribute thelatter's artificial table-top sweetener brand Equal in India.
* RAMCO SYSTEMS: In strategic partnership with Schneider Electric to offer solutions to cement companies.
* RANBAXY LABORATORIES: Head of Active Pharmaceutical Ingredients T.L. Easwar has quit the company.
* SCHNEIDER ELECTRIC INFRASTRUCTURE: Board approved closing of Naini Transformer unit and selling of the same.
* SPICEJET: Company has started giving limited-period discounted tickets to flyers from Andhra Pradesh, Tamil Nadu and West Bengal.
* SUZLON ENERGY: Arm Senvion has inked pact with a consortium of banks to raise 850 mln euros for a period of three years.
* TATA STEEL: To sell arm Tata Steel International Australasia to New-Zealand based Steel & Tube Holdings for 27.5 mln New Zealand dollar.
* The Supreme Court has allowed the company to continue mining activities at its chromite mine in Sukinda, Odisha, till May 9.
* TTK HEALTHCARE: Company has informed the Intellectual Property Appellate Board they were moving to bring a settlement to the long pending dispute over the trademark Ossopan, a calcium supplement.
* YBRANT DIGITAL: To buy minority stake in Israeli-listed Jobookit Holdings for an undisclosed sum.

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