July 4 (Reuters) – GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange (SES: S68.SI – news) are up 0.28 percent and the MSCI (NYSE: MSCI – news) -Asia Pacific index excluding Japan is 0.65 percent higher. * Asian stocks opened to little fanfare on Thursday with investors cautious as key events including the European Central Bank meeting and the U.S. non-farm payrolls report loomed. * U.S. stocks ended slightly higher in a volatile half-day session on Wednesday as traders squared positions before the holiday and Friday’s job market data.


* The Reserve Bank of India Governor Duvvuri Subbarao will be part of a two-day board meet in the Southern city of Chennai.

INDIAN STOCKS TO WATCH For additional press items double click NOTE: Reuters has not verified third-party stories and does not vouch for their accuracy.

Tender period for Unilever (NYSE: UL – news) open offer for Hindustan Unilever (BSE: HUL.BO – news) Ltd ends later in the day.

With eye on election, India launches huge cheap food scheme

Oil India to invite drilling bids for three wells in Cauvery block – Financial Chronicle (http://link.reuters.com/xuh49t)

Service business not for sale, says Polaris Financial’s Jain – Business Line (http://link.reuters.com/wuh49t)

Gas price hike may impact NTPC (BSE: NTPC.BO – news) -RIL case – Mint (http://link.reuters.com/zuh49t)

Deepak Fertilisers buys 24.46 pct stake in Mangalore Chemicals & Fertilisers

Piramal to buy 10 pct in Shriram Capital for 7 billion rupees – Economic Times (http://link.reuters.com/byh49t)

Bank of India (BSE: BOI.BO – news) to reduce base rate from 10.25 pct to 10.00 pct

India resumes coal mining rights grants to power producers

Sun Pharma opts out of Meda (Other OTC: MDABY – news) race as rupee falls – Business Standard (http://link.reuters.com/cyh49t)

GMR Infra to list coal mine firm on Singapore exchange – Financial Express (http://link.reuters.com/dyh49t)

India raises $ 43 mln from Hindustan Copper (BSE: HINDCOPER.BO – news) share sale

India’s May coal output down 3.25 pct y/y at 43.23 mln T -source

India’s April FDI inflows up 25 pct at $ 2.3 bln: govt (Compiled by Manoj Rawal; Editing by Supriya Kurane)