GLOBAL STOCK MARKETS
* US: US indices rose on Thursday and the S&P 500 index hit a record high yet again, as better-than-expected weekly jobless claims offset data that showed a contraction in economic growth in the first quarter.
* ASIA: Most Asian indices rose tracking overnight gains in US equities.
STOCKS
* ADITYA BIRLA NUVO: Has resumed production at the ammonia/urea plant at Jagdishpur in Uttar Pradesh from May 24.
* ASHOKA BUILDCON: Is the lowest bidder for 2.92-bln-rupee power project.
* BHARAT HEAVY ELECTRICALS: Net profit in Jan-Mar declined 43% on year to 18.45 bln rupees. Net sales also fell 21.7% on year to 147.55 bln rupees.
* BHARTI AIRTEL: May have to pay 4 bln rupees, a migration fee and a bank guarantee of one-time spectrum fee, for merging Airtel Broadband Services, that holds 4G spectrum, with self.
* BALMER LAWRIE & CO: Has posted 41.25% on year rise in net profit at 709.8 mln rupees. Net sales up 4% to 6.49 bln rupees.
* CIPLA: Jan-Mar consolidated net profit fell 5.71% on year to 2.61 bln rupees. Net sales rose 26.72% to 24.29 bln rupees.
* COLGATE-PALMOLIVE INDIA: Launched a toothpaste variant under its Colgate brand called Maximum Cavity Protection.
* CROMPTON GREAVES: Posted Jan-Mar consolidated net profit of 638.2 mln rupees, up 152.5% on year. Net sales rose 11.2% on year to 37.66 bln rupees.
* DISH TV INDIA: Morgan Stanley Mauritius sold 7.02 mln shares, or 0.66% stake in company at 51.1 rupees per share.
* DLF: Has posted consolidated Jan-Mar net profit of 2.2 bln rupees against 41.9 mln loss year ago and income from operations of 19.7 bln rupees against 22.2 bln rupees year ago.
DATA ALERT
> JAPAN AUTO PRODUCTION, EXPORT FIGURE for April. 0930 IST
> JAPAN PRELIMINARY REPORT ON PETROLEUM for April. 1000 IST
> JAPAN HOUSING STARTS for April. 1030 IST
> GERMANY RETAIL TRADE for April. 1130 IST
> EU EUROCOIN INDICATOR for April. 1300 IST
> ITALY PROVISIONAL CPI for May. 1330 IST
> US PERSONAL INCOME AND OUTLAYS for April. 1800 IST
> CANADA GDP for Jan-Mar, Mar. 1800 IST
> US ISM-CHICAGO BUSINESS SURVEY for May. 1715 IST
FROM INDIA
> CPI FOR INDUSTRIAL WORKERS FOR APRIL, by Labour Bureau.
> GOVERNMENT FINANCES FOR FY14, APR, by CGA.
> CORE SECTOR GROWTH FOR APRIL, by commerce ministry.
> GDP ESTIMATE FOR JAN-MAR AND 2013-14, by CSO.
RBI COUNTER
* DAILY LAF TENDERS: One set of 3-day reverse repo (at 7.00%) and two sets of 3-day repo (at 8.00%). Bids for the first repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo and second repo between 1900 IST and 1930 IST.
* TERM REPO: One set of 14-day variable rate term repo for 600 bln rupees. Bids for term repo tender may be submitted between 1100-1130 IST.
* GILT AUCTIONS: RBI to auction 40 bln rupees of 8.35%, 2022 bond, 70 bln rupees of a new 14-year, 2028 bond, 20 bln rupees of 9.20%, 2030 bond, and 30 bln rupees of 9.23%, 2043 bond worth.
MARKETS
Call : Seen opening above RBI repo rate on demand from banks to cover weekend needs. 3-day call: 8.20% vs 8.70-8.75% 1-day Thu.
Bonds : Seen up on hope of aggressive bidding at sale of new 14-year paper: 8.65-8.72% Thursday vs 8.67% Wednesday.
Rupee : May open steady. May move with downward bias on importers' dlr buys. GDP data eyed. Range: 58.50-59.30/$1 vs 59.02/$1 Thu.
Stocks: Seen consolidating further; Jan-Mar earnings eyed. Nifty range 7180-7300; Thursday-end 7235.65, down 94.00 points.
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