Indian stocks to watch-Dec 20

Thu Dec 20, 2012 8:41am IST

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GLOBAL MARKETS ROUNDUP
    * Nifty futures on the Singapore Exchange were
largely unchanged. The MSCI-Asia Pacific index, excluding Japan 
 fell 0.22 percent.  
    * Asian shares paused on Thursday after rallying to their
highest in nearly 17 months the day before, as talks to avert a
U.S. fiscal crisis stalled, prompting worries of the world's
largest economy sliding back into recession.  
    * U.S. stocks sold off late in the day to close at session
lows on Wednesday as talks to avert a year-end fiscal crisis
turned sour, even as investors still expect a deal. 
    
    FACTORS TO WATCH
    * Result of Gujarat state election
    * India's upper house of parliament will consider amendments
to the banking bill. 
 
    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.
    
    ENERGY/COMMODITIES
    * India plans to cut oil imports from Iran by 10 to 15
percent in the next fiscal year, and more if Tehran does not
lower prices to help cover higher costs resulting from Western
sanctions, a government source said. (Reuters) 
    * The fertiliser ministry has opposed Reliance Industries'
 demand for hiking the KG-D6 gas price in line with the
Asian LNG spot price, according to a ministry official.
(Financial Express)
here
    * The government may look to sell a 12.5 percent stake on
Rashtriya Chemicals and Fertilizers, highly placed
government sources informed Business Line. (Business Line)
here
    * Carlyle, KKR, Temasek and TPG
Capital have begun preliminary talks with the
management of Lafarge India to buy a minority stake, two people
close to the transaction said. (Economic Times)
here
    * Reliance Power's founder companies have raised
15 billion rupees ($275 million) by selling a 5.42 percent stake
in the Indian firm, Reliance said on Wednesday. (Reuters)
 

    AUTOS
    * Maruti Suzuki is exploring a foray into India's
fast growing small commercial vehicle space, The Economic Times
reported citing unnamed sources. (Economic Times)
here
    
    TELECOM 
    * Infotel Broadband is partnering with Russia's
Spirit DSP for software that will enable it to carry voice and
video services on its Long Term Evolution (LTE) network, the
Russian firm said in its web site. (Economic Times)
here
    * The department of telecom will implement its decision to
impose the one-time spectrum fee on existing telcos from the
beginning of the coming year, according to internal DoT
documents reviewed by The Economic Times. (Economic Times)
here
    
    PROPERTY
    * Blackstone is in talks to snap up one of the
largest IT park developments, Bangalore-based Vrindavan Tech
Village, said people directly aware of the matter. (Times of
India)
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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