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Market outlook 08-07-2010

US Markets closed higher.
Europe markets ended positive.
Asian markets are trading green.
Expect Indian Markets to open higher.
Nifty: (5241) Support 5254 and Resistance 5342-5366

INTRADAY BEEPS

BUY PAPER PROD TARGET 74 SL 66 ;
BUY REL CAPITAL TARGET 785 SL 755;
BUY ABAN TARGET 875 SL 837 ;
BUY HINDOILEXPO TARGET 245 SL 234;
BUY LAKSHVILAS TARGET 97 SL 90 ;
BUY JUBILANT TARGET 398 SL 382 ;
BUY SREINFIN TARGET 88 SL 82
BUY APTECH TARGET 148 SL 136 ;

STOCK BEEPS


-Network18 board okays restructuring of group businesses
-Infomedia18 to transfer Yellow Pages & Magazines to Network18, to retain printing press operations
-Infomedia18 shareholders to retain existing shares, to get 14 shares of Network18 for every 100 shares
-ABB open offer for 20% @ Rs 900/share opens today for application (CMP: 861, open offer closes on July 27)
-RBI sources say will abide by July 31 deadline for bank license norms paper
-Telecom Commission considering proposal to defer BSNL divestment
-Tata Tea board approves change in the name from 'Tata Tea Ltd.' to 'Tata Global Beverages Ltd
-SEL Manufacturing Board approves fund raising by way of External Commercial Borrowings
-Allied Computers mulls a board meet on 8th July for preferential Allotment to promoters
-Aegis Logistics approves Bonus in ratio of 2:3
-RCom may raise about Rs 4000 crore via a combination of strategic stake sale and QIP of shares, are likely to sell shares to large investors at Rs 200-210/sh
-Gitanjali Gems to enter real estate business by coming up with a maiden residential project at Borivali
-Godrej Properties to enter NCR with its first residential project in North India

Ex-Dividends

-PNB : Rs 12/share
-Bajaj Auto : Rs 40/share
-Hindustan Unilever : Rs 3.5/share
-M&M : Rs 9.5/share
-3I Infotech : Rs 1.5/share
-Bajaj Holding : Rs 30/share
-Bank of India : Rs 7/share
-Biocon : Rs 3.5/share
-CESC : Rs 4/share
-Godrej Prop : Rs 4/share

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