January 2, 2013 / 3:12 AM / 5 years ago

Indian stocks to watch-Jan 2

    * Nifty futures on the Singapore Exchange gains 1.5
percent. The MSCI-Asia Pacific index, excluding Japan
 is up 1.56 percent.   
    * Asian stocks started new year with gains after a bill to
avert the U.S. "fiscal cliff" cleared a procedural vote in the
U.S. House of Representatives by an overwhelming margin,
indicating strong support for final passage in a vote expected
later on Tuesday. 
    * U.S. markets remain shut for New Year's holidays. 
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NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.
    * India's central bank said on Tuesday the monetary policy
department will directly report to Governor Duvvuri Subbarao
till further orders, with Subir Gokarn's term as a deputy
governor coming to a close. (Reuters) 
    * SEBI plans to revise rules on insider trading and
front-running in order to synchronize the rules with those set
down by the government in the Companies Bill, said a senior
official at the market regulator. (Economic Times)
    * The Indian government has imposed 35 percent safeguard
duty on electrical insulators imported from China, a move that
would help domestic players battling cheap shipments, Press
Trust of India reported in a story carried by The Economic
Times. (PTI in Economic Times)
    * Hero MotoCorp Ltd December two wheeler sales
rose 0.3 percent to 541,615 units from a year ago. (Reuters)
    * Tata Motors December sales fell 20 percent to
65,582 vehicles from a year earlier. (Reuters) 
    * Mercedes-Benz, part of Daimler AG said on
Tuesday it will increase prices of all its models in the
domestic market by up to three percent effective Jan. 14 to
offset the rising input costs and currency fluctuation. (Times
of India)
    * Honda Cars India Ltd, part of Honda Motor Co Ltd 
reported a nearly four-fold increase in total sales for December
2012 at 4,242 units. (Times of India)

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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