November 6, 2012 / 3:12 AM / 5 years ago

Indian stocks to watch-Nov 6

    * Nifty futures on the Singapore Exchange rose 0.01
percent. The MSCI-Asia Pacific index excluding Japan 
 fell 0.06 percent.           
    * U.S. stocks advanced modestly on Monday in light trading
in one of the year's quietest sessions on the day before the
U.S. presidential election.       
    * Asian shares and the dollar steadied on Tuesday with
investors' risk appetite curbed by uncertainty over the outcome
of the tight U.S. presidential election and renewed doubts over
Greece's political ability to push through severe fiscal
    * Earnings on Tuesday: Tata Power, Hindalco
, Indian Hotel, Oil India.
    * India's inter-ministerial panel will hold a 2-day review
on coal block allocations to 31 state-run companies.
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NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.
    * India's central bank may ease monetary policy as early as
January, Governor Duvvuri Subbarao said on Monday, as price
pressures ease in Asia's third-largest economy in the first part
of next year on the back of slower growth. (Reuters)
    * Diageo Plc is set to pick up a 51 percent stake in
United Spirits Ltd this week for about $2 billion,
according to two UB Group executives and two investment bankers,
none of whom wanted to be identified, the Mint newspaper
reported. (Mint)
    * The government is planning to raise around 14 billion
rupees by selling a 12.15 percent stake in National Aluminum
Company Ltd on Friday, as it seeks to urgently revive the
stuttering disinvestment programme, two persons familiar with
the process said. (Economic Times)
    * Petroleum minister Veerappa Moily said audits of oil and
gas blocks are integral to the contractual obligation and KG-D6
operator Reliance Industries Ltd will have to abide by
it. (Business Standard)
    * Gujarat Gas Co Ltd's July-September net profit
rose 23.6 percent to 994.8 million rupees from a year ago.

    * Cipla Ltd's <CIPL.NS July-September net profit rose 61.8
percent to 5 billion rupees from a year ago. (Reuters)
    * Jubilant Life Sciences Ltd's July-September net
profit rose 91.5 percent to 1.52 billion rupees from a year
    * India has been left with no bidders for part of an
upcoming cellphone airwaves auction after Tata Teleservices
 became the second company to drop out of the
process. (Reuters) 
    * Tech Mahindra Ltd beat expectations with a 23.3
percent rise in second-quarter profit, boosted by increased
client spending and a good performance at its unit Satyam
Computer Services Ltd. (Reuters) 
    * Tata Group and the Montezomolo family of the Fiat Group
are looking to revive their Indian joint venture, Fiat India
Automobiles, by setting off accumulated losses of 3 billion
rupees and restructuring its operations, three company and
industry executives with direct knowledge of the development
told The Economic Times. (Economic Times)
    * Workers from Maruti Suzuki's Manesar plant are
planning a hunger strike and other peaceful protests to force
the management to take back the 548 employees sacked after this
year's July's violence, a union official said. (Economic Times)
    * Reliance Broadcast Network announced its foray
into Australia with the launch of 'Big Magic International'
television channel. (Economic Times)

NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.
    OTHER FACTORS TO WATCH                                      
* Indian debt/FX factors to watch                   
* Euro hampered by worries over Greece; Aussie awaits RBA 
* Brent crude jumps nearly 2 pct as US gasoline rallies   
* Foreign institutional investor flows         
* For closing rates of Indian ADRs                      

 (Compiled by Manoj Rawal; Editing by Rafael Nam)

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