Europe markets also ended down.
Asian markets are trading negative.
Expect Indian Market to opem weak.
Nifty: (5415) Support 5366 and Resistance 5453.
INTRADAY BEEPS
BUY CORE PROJECT TARGET 275 SL 253;
BUY MUNDRA PORT TARGET 790 SL 750;
BUY POWER GRID TARGET 114 SL 104;
BUY USHA MARTN TARGET 90 SL 81;
BUY UNIPHOS TARGET 180 SL 190;
BUY PFC TARGET 375 SL 340;
STOCK BEEPS
-RIL buys 14.12% stake in EIH for Rs 1,021 crore;deal price works out to be Rs 184/share (CMP Rs 151)
-ONGC seeks details of Vedanta's Cairn India deal
-RBI gives clearances to banks for restructuring aviation loans;positive for airline companies
-Kingfisher board meets today on GDR Issue
-Pharmac to fund Dr Reddy's Quetiapine brand
-Kwality Dairy board approves fund raising up to Rs 1000 crore via rights, QIP, GDR, FCCB
-Kalindee Rail : Bags order worth Rs 180 crore from Vedanta Group
-M&M ends contract with US distributor to sell pick up trucks
-Gitanjali plans to acquire Italian Jewellery house
-JK Cement top brass held talks with Holcim for possible JV,acquisitions
-HPCL to buy out 50% in Prize Petro JV and merge with itself
-Cement price cut by Rs 2-4/kg in western India
-In T2T from September 3: Elder Healthcare, House of Pearls, Jagson Airways, Saregama India, Galaxy Entertainment
Ex-Dates
-GHCL : Ex-Dividend @ Rs 2/share
-Radico Khaitan : Ex-Dividend @ Rs.0.6/share
-Harrisons Maly : Ex-Scheme of Arrangement ((Demerger of Investment Undertaking of Harrisons Malayalam to Sentinel Tea and Exports, Ratio of Allotment in ratio of 1:1))
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