Indian stocks to watch – Aug 8

Aug 8 (Reuters) –

GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange (SES: S68.SI – news) up 0.17 percent, while the MSCI (NYSE: MSCI – news) -Asia Pacific index excluding Japan is up 0.4 percent. * Asian stocks found a tentative footing early on Thursday, having suffered their biggest one-day slide in a month, though investors were nervous ahead of a slew of Chinese data as a troubling slowdown in the world’s second-largest economy has rattled global markets recently. * U.S. stocks lost ground for a third consecutive session on Wednesday on growing uncertainty over when the Federal Reserve may start to wind down its stimulus, which has been a driving force behind the rally in equities this year.

FACTORS TO WATCH * Economic Affairs Secretary Arvind Mayaram and Financial Services Secretary Rajeev Takru will attend the Reserve Bank of India’s board meeting on Thursday. * Earnings on Thursday: Jet airways India Ltd, Adani Enterprises Ltd

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’s Ranbaxy Q2 net loss at $ 85.3 mln

Trai may seek simultaneous 2G, 3G auctions – Financial Express (http://link.reuters.com/meh32v)

Regulator for $ 1.8 billion penalty on RIL for D6 shortfall – Business Line (http://link.reuters.com/neh32v)

Yashwant Sinha panel approves GST (KOSDAQ: 083450.KQ – news) bill, proposes floor rate and ceiling – Economic Times (http://link.reuters.com/peh32v)

Adanis close to buying Dhamra Port from L&T, Tata Steel – PTI in Financial Chronicle (http://link.reuters.com/qeh32v)

Government may reimpose curbs on royalty payments to foreigners – Economic Times (http://link.reuters.com/reh32v)

Standard & Poor is sceptical of recovery, raises spectre of downgrade – Economic Times (http://link.reuters.com/seh32v)

Indian blue chips buy back rupee debt after price slump

India govt panel reviews potential risks to financial system -central bank

IBM (NYSE: IBM – news) and STMicroelectronics (Milan: STM.MI – news) look to invest Rs 500 bln in chip-making in India – Economic Times (http://link.reuters.com/teh32v)

Suntory, Pernod Ricard (Paris: FR0000120693 – news) in talks to buy stake in Tilaknagar Industries – Business Standard (http://link.reuters.com/veh32v)

DGH rejects finance ministry idea of old price for Reliance Industries – Economic Times (http://link.reuters.com/weh32v)

RBI lifts curbs on FIIs buying Maruti Suzuki shares – PTI in Economic Times (http://link.reuters.com/xeh32v)

Hero Moto to set up factories in US, Latin America – Times of India (http://link.reuters.com/zeh32v)

DLF puts Pune IT special economic zone on the block – Economic Times (http://link.reuters.com/buh32v)

IDFC looks for exit from Gurgaon highway deal – Financial Express (http://link.reuters.com/cuh32v)

NMDC to go ahead with India steel project without Severstal

JLR aims to sell 100,000 cars in China this year – exec (Compiled by Manoj Rawal; Editing by Gopakumar Warrier)

SGX Nifty

sgxnifty.org@imediaone.com

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