Indian stocks to watch-Nov 15

Thu Nov 15, 2012 8:47am IST

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Stocks

   

GLOBAL MARKET NEWS
    * Nifty futures on the Singapore Exchange fell 0.9 
percent. The MSCI-Asia Pacific index excluding Japan  
 fell 0.8 percent.              
    * U.S. stocks slid on Wednesday with declines accelerating
after President Barack Obama set up a drawn-out fight over the
fiscal cliff when he stuck to his pledge to raise taxes on the
wealthy, and as violence increased in the Middle East. 
    *  Asian stocks mostly fell on Thursday as investors reacted
to the prospect of drawn-out negotiations over the looming U.S.
"fiscal cliff" by shedding riskier assets, but Japanese equities
bucked the trend as a sharp slide in the yen lifted exporters'
shares.   

    INDIAN STOCKS TO WATCH
For additional press items double click 
NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.
    
    TOP NEWS
    * India has raised less than a quarter of its 400 billion
rupees ($7.3 billion) target in a cellphone airwaves auction
seen as too pricey by carriers. (Reuters) 
    * Norway's Telenor won back its telecom operating
licences in six of India's most populous states, paying less
than markets expected and ending 10 months of uncertainty after
courts cancelled its permits. (Reuters) 
    * India's headline inflation unexpectedly eased to its
slowest pace in eight months in October, a welcome relief from a
string of bad data but still high enough to be a headache for
policymakers struggling to balance the need for growth with
taming prices. (Reuters) 
    
    ENERGY/COMMODITIES
    * State-owned gas utility GAIL may offer up to 30
percent stake in its 1,550-km natural gas pipeline from Surat in
Gujarat to Paradip in Odisha to Indian Oil Corporation,
said a senior IOC official. (Business Standard)
link.reuters.com/fyg93t
    * VLCC is in talks with a bevy of private equity suitors to
raise money in a deal which could value it at up to $400 million
(22 billion rupees), three people familiar with the negotiations
said. (Economic Times)
here
    
    AUTOS
    * Tata Motors Ltd denied a report on Wednesday
that the Indian car maker is in talks to set up an alliance with
French peer PSA Peugeot Citroen. (Reuter5s)
 
    
    PROPERTY
    * DLF Ltd expects to sell 50 billion rupees of
non-core assets by March, having already sold 31.29 billion
rupees' worth. The firm is in advanced talks to sell its Aman
Resorts project, it said in an investor presentation. (Mint)
here
    * The real estate private equity arm of global investment
firm Xander Group is close to acquiring a 35 percent stake in a
unit of Indiabulls Real Estate for 10 billion rupees,
according to a person involved in the deal. (Economic Times)
here

NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.

 (Compiled by Manoj Rawal; Editing by Rafael Nam)
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