February 8, 2013 / 3:22 AM / 4 years ago

Indian stocks to watch-Feb 8

5 Min Read

GLOBAL MARKETS ROUNDUP 
    * Nifty futures on the Singapore Exchange was flat.
The MSCI-Asia Pacific index, excluding Japan  
rose 0.3 percent.         
    * Asian shares edged higher on data showing a surge in
exports and imports from China. 
    * U.S. stocks declined on Thursday, taking a step back from
their recent advance, prompted by comments by the ECB president
on the euro and Europe's outlook. 
     
    FACTORS TO WATCH 
    * Earnings: Cadila Healthcare Ltd, Hindalco
Industries Ltd, Mahindra and Mahindra Ltd,
Canara Bank Ltd, Sun Pharmaceutical Industries Ltd
, Tata Chemicals Ltd 
    * RBI forex reserves, bank lending data. (1130GMT) 
    * RBI deputy governor Anand Sinha to deliver speech on Basel
III at an event organised by ratings agency CRISIL. (0530GMT)
    
    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 considering a tax surcharge on those
with taxable income of more than 10 million rupees ($187,700)  a
 in the 2013/14 federal budget, finance ministry officials said.
(Business Standard)
here
    * India's new stock exchange MCX-SX said on Thursday it will
launch equities trading on Monday in 1,116 listed companies as
the bourse operator looks to compete aggressively against the
country's two established players. (Reuters) 
    * Indiabulls Financial Services Ltd has launched a
share sale for institutional investors to raise up to 4.48
billion rupees ($84 million), according to a term sheet obtained
by Reuters. (Reuters) 
    
    ENERGY/COMMODITIES
    * India has raised $2.15 billion by selling shares in
state-run power utility NTPC, putting the government
on track to meet its fundraising target to reduce the budget
deficit. (Reuters) 
    * The Cabinet has approved GAIL (India) Ltd's participation
in the $9 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI)
gas pipeline. (Economic Times)
here
    
    INFRASTRUCTURE
    * ACC Ltd reported a 49 percent fall in net profit
for the Oct-Dec quarter. (Reuters) 
    * Temasek Holdings Pvt Ltd and Baring Asia are
among those shortlisted by Lafarge SA as potential
buyers for a minority stake in its Indian arm Lafarge India, The
Economic Times reported citing two said two "informed sources."
(Economic Times)
here
    * Tata Steel Europe, a unit of Tata Steel Ltd, 
said it is investing 2.3 million euros ($3.08 million) at its
IJmuiden facility in the Netherlands to develop next-generation
steels for the auto industry that are lighter, stronger and
better able to withstand crashes. (Reuters) 
    * Jindal Steel and Power Ltd pulled out of talks
to invest in a Cameroon mine owned by iron ore producer Afferro
Mining Inc , questioning the financial viability
of the project. 
    
    TELECOMS
    * Bharti Airtel Ltd on Thursday split its business
into eight segments with a view to build a more connected
organisation. (Mint)
here
    
    PHARMA
    * Glenmark Pharmaceuticals Ltd said on Thursday
its European unit had launched a generic version of
GlaxoSmithKline's Malarone malaria treatment medicine,
its first generic product in Britain. (Reuters) 
    
    IT
    * Cognizant Technology Solutions Corp's quarterly
profit modestly beat estimates, helped by a rise in demand from
Europe after quarters of tepid growth in business from the
region. (Reuters) 


    

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

($1 = 53.2850 Indian rupees)

 (Compiled by Manoj Rawal)

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