February 5, 2013 / 3:17 AM / 5 years ago

Indian stocks to watch-Feb 5

GLOBAL MARKETS ROUNDUP           
    * Nifty futures on the Singapore Exchange fell 0.5
percent. The MSCI-Asia Pacific index, excluding Japan
 fell 0.8 percent.               
    * Asian shares slid on Tuesday as investors saw
opportunities to cash in from recent strong rallies in the face
of weak U.S. data and worries that a potential political
shake-up could disrupt the eurozone's efforts to resolve its
debt crisis.         
    * U.S. stocks slid on Monday, giving the S&P 500 its
worst day since November, as renewed worries about the euro zone
crisis caused the market to pull back from recent gains.   
      
               
    FACTORS TO WATCH          
    * Earnings: UCO Bank, United Breweries Holdings
Ltd.
    * A panel of ministers headed expected to meet to set the
date and floor price of the government's 9.5 percent stake sale
in NTPC Ltd.
    * HSBC Markit services PMI  (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.
    
    FINANCIAL/REGULATORY
    * India needs to commit to its recent reform measures and
meet its fiscal deficit targets, Fitch Ratings said on Monday,
putting further pressure on a government keen to retain
investment grade ratings. (Reuters) 
    * Kotak Mahindra Bank Ltd and Saxo Bank are
independently looking to buy a significant stake in online
brokerage firm Sharekhan and are in talks with private equity
owners CVCi International and Barings Asia, two people familiar
with the development said. (Economic Times)
here
    
    ENERGY/COMODITIES
    * A new steel policy for India is likely to be announced in
a month, ironing out issues related to foreign direct
investments, land acquisitions and environment clearances a
senior steel ministry official told Business Standard. (Business
Standard)
here
    
    INFRASTRUCTURE
    * GVK Infrastructure and Singapore-based Changi Airports
International are back at the negotiating table for a minority
stake in the Indian company's airport business, said multiple
sources aware of the development, nine months after talks broke
off between the two sides. (Economic Times)
here
    * Power Finance Corporation Ltd says it has not
decided whether to take any stake in banks so far, although it
is exploring the possibility. (Reuters) 
    * Rural Electrification Corp Ltd's 
October-December net profit rose 33.4 percent to 10.27 billion
rupees from a year ago. (Reuters) 
    * Escorts Ltd's October-December net profit rose
three-fold to 281.4 million rupees from 90.7 million rupees a
year earlier. (Reuters) 
    
    AUTOS
    * Workers at Hero MotoCorp Ltd's Gurgaon plant as
workers are considering going in an indefinite hunger strike
within the factory premises if their demands for higher wages
are not met, according to unidentified workers. (Times of India)
toi.in/dax-8b

    RETAIL
    * United Spirits Ltd's October-December net profit
rose 71.16 percent to 805.5 million rupees from a year ago.
(Reuters) 
    * Nestle India Ltd says it bought 26 percent
minority stake in Indocon Agro and Allied Activities Private
Ltd. (Reuters) 
    * Global consumer confidence dipped at the end of last year,
a survey showed on Monday, although India remained the most
optimistic consumer market globally for a second straight
quarter. (Reuters) 
    
    AIRLINES
    * Kingfisher Airlines Ltd posted a 7.55 billion
rupees ($142 million) loss in the three months to Dec. 31 as its
planes sat idle, creditors circled and regulators rebuffed the
Indian airline's revival plans. 
    * Separately, the employees of grounded Kingfisher Airlines
on Monday decided to move court to wind up the company and
recover their salary dues. (Times of India)
toi.in/JrkYxZ
    * Jet Airways India Ltd plans to increase capacity
by 10-12 percent by next year and will add around six
narrow-bodied aircraft in addition to 12 B-777 planes by the end
of the next third or fourth quarter, Chief Commercial Officer
Sudheer Raghavan said. (Economic Times)
here

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

 (Compiled by Manoj Rawal)

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