Indian stocks to watch-Nov 23

Fri Nov 23, 2012 8:44am IST

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GLOBAL MARKETS ROUNDUP
    * Nifty futures on the Singapore Exchange gained
0.18 percent. The MSCI-Asia Pacific index excluding Japan  
 is up 0.41 percent. 
    * U.S. markets were closed for the Thanksgiving holiday.
 
    * Asian shares ambled higher on Friday and were on course
for a weekly gain of more than 2 percent, their best in two
months, after manufacturing surveys from China and the United
States raised hopes that the global growth outlook is improving
at last. 
    
    FACTORS TO WATCH
    * Indian government to sell 4 pct stake in Hindustan Copper
 
    * SEBI Chairman U.K. Sinha addresses Asia Securities
conference

    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.
    
    FINANCIAL/REGULATORY
    * The government is set to broaden the ambit of external
commercial borrowings (ECB) by including sectors incorporated in
the new definition of infrastructure, Business Standard reported
citing unnamed sources. (Business Standard)
here
    * Indian companies having foreign stakes will now face a
much closer scrutiny of their management and decision-making
structures as the government decides to tighten the rules to
determine who controls them, a government official said.
(Economic Times)
here

    ENERGY/COMMODITIES     
    * India's cabinet approved on Thursday a 9.5 percent
government stake sale in state-run power producer NTPC Ltd
, a minister told reporters, to help rein in its
ballooning fiscal deficit. (Reuters) 
       
    PHARMA
    * India approved a new drug pricing policy designed to
increase the number of drugs deemed essential that are subject
to price caps, two ministers told reporters.  (Reuters)
 
    
    RETAIL
    * The government has struck down half of the products that
IKEA proposed to sell in the country while clearing
its 105 billion rupees investment proposal, a person familiar
with the case told Economic Times.  (Economic Times)
here
    
    TELECOMS
    * Bharti Infratel, the tower arm of mobile phone company
Bharti Airtel, is planning to launch its initial
public offer (IPO) in the second week of December with the aim
of raising a little over 40 billion rupees, three people
involved in the process said. (Economic Times)
here
    
    MEDIA
    * Tata Sons is looking at the option of offloading a part of
its 60 per cent stake in the loss-making direct-to-home Tata Sky
Ltd to private equity players and institutional investors and
raise funds for the satellite TV company's growth plans, a
source close to the development said.(Business Standard)
    Temasek is also exiting the company by selling its
10 per cent stake, while Rupert Murdoch 's Network Digital
Distribution Services will pare part of its 30 per cent stake,
according to the newspaper. 
    * PVR Ltd is set to buy out the 141-screen
multiplex chain Cinemax owned by the Kanakia Group,
said two people familiar with the developments. (Economic Times)
here
    
    IT
    * With the global economy facing challenging times, the
Indian IT industry is expected to grow at a lower pace of 11 per
cent this fiscal, Infosys Executive Co-Chairman S
Gopalakrishnan said today.  (Press Trust of India via Economic
Times)
here

NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.
    
    OTHER FACTORS TO WATCH                                      
* Indian debt/FX factors to watch                   
* Yen edges higher, gets some respite after slide        
* Brent falls towards $110 on weak Europe data,Gaza truce 
* Foreign institutional investor flows         
* For closing rates of Indian ADRs                      


 (Compiled by Manoj Rawal; Editing by Rafael Nam)
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