Indian stocks to watch – July 17

GLOBAL MARKETS ROUNDUP

* Nifty futures on the Singapore Exchange (SES: S68.SI – news) up 0.25 percent and the MSCI (NYSE: MSCI – news) -Asia Pacific index excluding Japan is 0.27 percent higher.

* Asian shares inched higher on Wednesday, while the dollar held a three-week low on expectations Federal Reserve Chairman Ben Bernanke will reiterate later in the day that U.S. monetary policy is to stay accommodative.

* The S&P 500 snapped its eight-day winning streak on Tuesday after disappointing sales from Coca-Cola, while investors turned cautious on the day before the Federal Reserve chairman’s congressional testimony.

FACTORS TO WATCH  * Finance Minister P. Chidambaram will address a press conference at 1200 IST (0630 GMT) on the sidelines of a conference.

* HDFC Bank Ltd (BSE: HDFCBANK.BO – news) is expected to report another quarter of 30 percent profit growth in the June quarter.

* India’s oil minister, oil secretary and company officials to be present at an industry seminar. (0430 GMT)

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.

India relaxes foreign investment rules in various sectors to revive growth

RIL can raise KG-D6 block output by 60 mmscmd – Economic Times (http://link.reuters.com/put69t)

Cipla, Alembic (BSE: ALEMBICLTD.BO – news) move court on new drug pricing – Business Standard (http://link.reuters.com/nut69t)

Coal India (BSE: COALINDIA.BO – news) , NTPC (BSE: NTPC.BO – news) to sign fuel supply pacts as quality row cools

India’s Jet says Etihad investment to be completed in a few months

Development Credit Bank April-June net more than doubles

Renault-Nissan to invest $ 2.5 bln in India over 5 years

Texmaco eyeing ‘strategic alliance’ with Kalindee – Economic Times (http://link.reuters.com/mut69t)

Tata Power seeks to avoid fines on $ 2.3 billion loans – Mint (http://link.reuters.com/kut69t)

Essar Energy (LSE: ESSR.L – news) on lookout for partners for oil, gas assets – Financial Chronicle (http://link.reuters.com/jut69t) (Compiled by Manoj Rawal)

SGX Nifty

sgxnifty.org@imediaone.com

You may also like...

Rules of Discussion on Indian stocks to watch – July 17

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Self-promotion once a week is allowed. Too much promotion or using Contact info in ID will lead to account ban.