STOCK TO WATCH - MAR 1

GLOBAL MARKETS ROUNDUP     
    * Nifty futures on the Singapore Exchange falls 0.6
percent. The MSCI-Asia Pacific index, excluding Japan  
 edges down 0.1 percent.        
    * Asian shares edged down on Friday, with manufacturing data
from China that broadly met expectations helping to somewhat
taper sentiment burdened by worries over the economic fallout
from Italy's political confusion and likely U.S. spending cuts. 
     
    * U.S. stocks ended flat on Thursday, giving up modest gains
late in the session, denying the Dow a chance to inch
closer to all-time highs.      
       
    FACTORS TO WATCH   
    * India's auto sales 
    * India's February manufacturing PMI (0500 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.

    FINANCIAL/REGULATORY
    * India's economy grew at a worse-than-expected 4.5 percent
in the quarter ending Dec. 31, hurt by a slowdown in
agriculture, mining and manufacturing, government data showed on
Thursday. (Reuters) 
    * India's fiscal deficit during the
April-January period was 4.66 trillion rupees ($86.49 billion),
or 90.7 percent of the budgeted full fiscal year 2012/13 target,
government data showed on Thursday. (Reuters) 
    * Standard & Poor's said on Thursday India's budget for the
2013/14 fiscal year would have no impact on the country's
sovereign credit ratings, warning there was potential for the
government to exceed its budgeted spending. (Reuters)
 
    * Fitch Ratings sovereign analyst Art Woo said on Thursday
the 2013/14 budget will not impact India's sovereign ratings,
although the country could find it challenging to meet its
fiscal deficit target of 4.8 percent for the next fiscal year.
(Reuters) 
    * India's budget disappointed foreign investors on Thursday
by failing to deliver a much anticipated cut in withholding
taxes for debt investments and creating confusion with a
proposal that appeared to target tax treaties. 
    * High-earning Indians gave a collective groan on Thursday
when the government imposed a 10 percent surcharge on their
income, following a global trend which it expects to be popular
in an election year. 
    * FACTBOX-Winners, losers from India's budget
 
    * HIGHLIGHTS-India's 2013/14 budget 
    
    ENERGY/COMMODITIES
    * Jet fuel prices were hiked on Thursday by 3.8 percent,
according to Indian Oil Corp, the second increase in
rates in as many months. (Times of India)
toi.in/wsI9yZ
    
    AUTOS
    * Mahindra Reva, the electric car unit of Mahindra and
Mahindra Ltd has decided to go ahead with the roll out
the first electric car in March, said Chetan Maini, Chief of
Technology and Strategy at Mahindra Reva. (Economic Times)
here

Posted in: STOCKS TO WATCH