MARKET BEEPS

MARKET OUTLOOK

US Markets ended higher.
Europe markets ended positive.
Asian markets trading in green.
Expect Indian Markets to open positive.
Nifty: (5003) Support is at 4942 and Resistance is at 5065-5097


INTRADAY BEEPS


BUY CANARA BANK TARGET 405 SL 389 ;
BUY ITC TARGET 285 SL 270;
BUY UCO BANK TARGET 69 SL 70;
BUY SKUMAR NATION TARGET 80 SL 69;
BUY LIC HSG TARGET 950 SL 910 ;
BUY TVS MOTOR TARGET 105 SL 94 ;
BUY CAIRN TARGET 295 SL 281;
BUY LITL TARGET 64 SL 57;


STOCK BEEPS


-Six new addition in F&O with effect from today -- Exide, GMDC, Jindal
South West Holdings, Ruchi Soya, Sobha and Hexaware
-Areva T&D India open offer at Rs 295.35/sh
-M&M close to buying stake in Ahmedabad based drip irrigation company
Parixit
-Actis to buy stake in GVK’s power biz
-Khazana & Fortis race for Parkway shifts focus to Apollo Hospital;
Khazana has 13% stake in Apollo
-Blue Star mulls a board meet on 31 May for a proposal for purchase of
a business
-Pantaloon Retail mulls a board meet for raising of funds through
issue of equity or debt or hybrid instruments
-OMAXE :Board approved plans to raise upto Rs 1000 cr via QIP
-Surya Pharmaceutical : Board has decided to raise upto Rs 300 crore &
Raise upto USD 50 million via FCCB
-Essar Shipping Port : Approved raising USD 500 million via equity
linked instrutments
-India Steel : Entered M/s TB Investments Ltd. to subscribe for
2,70,00,000 equity shares @ Rs.7/share


Results today - SAIL, ONGC, IOC, BEML, Unitech, Apollo Hospital,
Ackruti City, Anant Raj Inds, Apollo Tyres, Asian Paints, Bank of
Rajasthan, Brand House, EIH, Emami, Fortis Health, Glenmark Pharma,
HDIL, IPCA Labs, Kalpataru Power, Kingfisher Airlines, Pipavav
Shipyard, PNB, Prakash Inds, Punj Lloyd, PVR, Reliance Media, Sun TV
Network, Trent, TV Eighteen, Voltas, Wire & Wireless