December 26, 2012 / 3:17 AM / 5 years ago

Indian stocks to watch-Dec 26

5 Min Read

GLOBAL MARKETS ROUNDUP
    * Nifty futures on the Singapore Exchange rose 0.06
percent, while the MSCI-Asia Pacific index, excluding Japan 
, advanced 0.08 percent.    
    * Expectations that Japan's incoming prime minister will
pursue drastic stimulus policies to drive the country's economy
out of deflation helped weaken the yen and underpinned
the Nikkei on Wednesday, while Asian shares were capped
in thin holiday trade.    
    *  U.S. stocks edged lower on Monday as caution over the
potential for volatility driven by worries about the U.S.
"fiscal cliff" dampened enthusiasm at the start of a seasonally
strong period for equities.  
    
    INDIAN FACTORS TO WATCH
    * Credit Analysis and Research (CARE)  
will make its stock debut.
          
    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
    * A government-appointed panel has proposed creating a
mechanism to carry out "concurrent audit" of blocks where
companies have invested over $1 billion, enabling the government
to keep a real-time vigil on the books of oil and gas producers.
(Economic Times)
here
    * Qatar Petroleum has expressed interest in
buying a 5.2 percent stake in Petronet LNG Ltd 
unidentified sources told Press Trust of India in a report
carried by The Economic Times newspaper. (PTI in Economic Times)
here
    * Coal India Ltd said it prefers to pursue a
production increase at home over securing coal assets overseas
as it seeks to meet rising demand from India's fuel-starved
power plants. (Reuters) [ID:nL4N09Y2Q8
    * Essar Ports is said to be the sole bidder for
the proposed mega-container terminal project at Chennai port,
one of the 13 owned by the government, according to an unnamed
port official.(Business Standard)
here
    * The Indian government has issued a formal order allowing
mills to export sugar, a trade ministry statement said on
Monday, permitting overseas shipments of the sweetener for the
third consecutive year. (Reuters) 
    * Binani Industries Ltd said its board gave
"in-principle" nod to divest its holding in Binani Cement.
(Reuters) 

    AUTOS
    * The Chinese subsidiary of Jaguar Land Rover, part of Tata
Motors, will recall 337 cars because of substandard
fixings in their brakes and steering boxes, China's national
product quality watchdog said on Tuesday. (Reuters)
 
    * Mahindra & Mahindra's proposal for a 18 billion
rupees testing facility at Cheyyar near Chennai was stuck as the
government was yet to allot land for the project, said Pawan
Goenka, president of the automotive and farm equipment sector at
the auto maker. (Business Standard)
here
    * Maruti Suzuki said it has no intention of taking
back any of the around 500 workers sacked for the July 18
violence at its Manesar plant. (Economic Times)
here
        
    AIRLINES
    * Kingfisher Airlines has filed a revival plan
with the country's airline regulator, a senior government
official said on Tuesday. (Reuters) 
    
    PHARMA
    * The promoters of Fortis Healthcare, will raise 9
billion rupees by selling about 16.5 percent stake through a mix
of offer for sale (OFS) in the public market and a separate sale
of shares to private equity funds, two persons with direct
knowledge of the development said. (Economic Times)
here
    
    PROPERTY
    * AIG Global Real Estate has decided to buy out developer
RMZ Corp.'s stake in a proposed Hyderabad project, potentially
ending the dispute with its joint venture partner, said a person
familiar with the development. (Mint)
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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