Indian stocks to watch-Dec 17

Mon Dec 17, 2012 8:54am IST

Related Topics

Stocks

   

GLOBAL MARKETS ROUNDUP    
    * Nifty futures on the Singapore Exchange fell 0.27
percent. The MSCI-Asia Pacific index excluding Japan
 was down 0.3 percent.       
    * U.S. stocks fell on Friday as another slide in Apple
 took a toll and investors unloaded some shares because
of the uncertainty surrounding the "fiscal cliff" negotiations.
   
    * The Liberal Democratic Party of Japan's electoral triumph
propelled the yen to a 20-month low against the dollar
and saw the Nikkei stock average touch a 8-1/2-month
high on expectations of much better export earnings. 
   
        
    FACTORS TO WATCH    
    * Raghuram Rajan, chief economic adviser at India's ministry
of finance, to address conference on the economy of South Indian
state of Tamil Nadu. (1030 IST/0500 GMT) 
    
    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 will speed up the sale of stakes in state companies
to revive the stock market and will push ahead with reforms
aimed at spurring an investment recovery in the flagging
economy, Prime Minister Manmohan Singh said on Saturday.
(Reuters) 
    
    ENERGY/COMMODITIES
    * The oil ministry may raise prices of diesel by 1 rupee a
litre or that of cooking gas by 100 rupees to neutralise the
impact of its plan to increase the supply of subsidised
cylinders to households, said government officials who requested
anonymity. (Economic Times)
here
    * Oil companies have been told by the finance ministry to
coordinate with the Reserve Bank of India before stepping out to
buy dollars, according to a person who attended the meetings.
(Economic Times)
here
    * A government-appointed panel has recommended the end of
the controversial system in which oil firms recover their costs
from sale of oil and gas in all future contracts and suggested a
transparent structure for sharing the output between the
government and the contractor. (Economic Times)
here
    * Reliance Industries and its partner BP 
have shut a seventh well in the D6 block off the country's east
coast due to sand and water ingress, bringing down the number of
producing wells to 11, a source with direct knowledge of the
matter said. (Reuters) 
    * Coal India's output dipped about 2 percent in
November from a year ago due to cyclone Neelam and holidays on
account of festivals, according to its chairman. (Economic
Times)
here
    * The government plans to ask state power utilities to sell
surplus land or carbon credits to raise funds and be eligible
for the 1.9 trillion rupees debt restructuring package, an
unidentified power ministry official was quoted as saying by The
Economic Times. (Economic Times)
here

    FINANCIAL/REGULATORY
    * Life Insurance Corp is selling shares this year, booking a
110 billion rupees profit, to bid for shares in upcoming
government sales of companies, said two persons familiar with
the thinking. (Economic Times)
here
            
    IT
    * Infosys said on Friday it settled a lawsuit
filed by former employee Satya Dev Tripuraneni. (Reuters)
 
    * Non-traditional markets such as Japan, China and Korea
will drive HCL Technologies' next wave of growth, its
chairman Shiv Nadar said. (Economic Times)
here
    
    TELECOMS
    * The department of telecom is considering a demand by
India's top three mobile phone companies -- Bharti Airtel
, Vodafone and Idea Cellular -- to allow GSM
operators to bid for unsold CDMA spectrum in the 800 MHz band
which saw no takers in the recent auction. (Economic Times)
here
    * Bharti Infratel's share sale to raise up to $830 million
was subscribed 1.3 times, a weaker-than-hoped for response to
the country's biggest initial public offering in two years.
(Reuters) 
    
    AIRLINES
    * Etihad Airways will decide this week whether to invest in
Jet Airways or Kingfisher Airlines, according
two persons familiar with development who requested anonymity.
(Mint)
here
    
    AUTOS
    * Workers at the Gurgaon plant of Hero MotoCorp 
are demanding a three-to-four times increase in their wages,
unidentified sources were quoted as telling ET Now. (Economic
Times)
here
    * Renault's move into low-cost cars plans to
devise a cheap vehicle programme for India that can compete with
such champions of frugality as Maruti Suzuki and
Hyundai. (Reuters) 
    
    INDUSTRIAL
    * French warship maker DCNS will buy close to 15 percent
stake in Nikhil Gandhi-promoted shipbuilder Pipavav Defence &
Offshore Engineering for about 13.5 billion rupees,
according to people close to the development. (Economic Times)
here
    
    HEALTH CARE
    * Fortis Healthcare will sell its majority stake
in Dental Corporation Holding, a dental care company in
Australia and New Zealand, for around 15.55 billion rupees
($285.06 million) to UK's Bupa Ltd and will use the sale
proceeds to pare debt, according to a statement. (Economic
Times)
here

NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.
   
($1 = 54.5500 Indian rupees)

 (Compiled by Manoj Rawal; Editing by Rafael Nam)
FILED UNDER:

REUTERS SHOWCASE

2015: India Outlook

2015: India Outlook

India in 2014: A dream run for markets  Full Article 

Funding Woes

Funding Woes

Co-founder of SpiceJet seeks time to finalise rescue  Full Article 

Flying Back on Course

Flying Back on Course

The inside story of the new Airbus A350 jet  Full Article 

Oil Prices

Oil Prices

Oil rebounds above $62, tracking broader markets  Full Article 

Tracking Gold

Tracking Gold

Gold inches higher on weaker dollar, Asian buying  Full Article 

Cyber Attacks

Cyber Attacks

China condemns cyberattacks, but says no proof N.Korea hacked Sony  Full Article 

Connecting Markets

Connecting Markets

China stock connect scheme scorecard throws up surprises  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage