Thursday, May 9, 2013

STOCKS TO WATCH - MAY 9


   
GLOBAL MARKETS ROUNDUP
* Nifty futures on the Singapore Exchange are 0.25 percent up and the MSCI-Asia Pacific index excluding Japan is 0.31 percent higher. * Encouraging global data and Wall Street's extended record run underpinned Asian shares on Thursday, with Japanese stocks leading the way to within striking distance of fresh five-year highs. * The S&P 500 closed at an all-time high for a fifth day on Wednesday in a broad rally that keeps surprising investors with its longevity and resilience. FACTORS TO WATCH * Earnings of Asian Paints Ltd, Punjab National Bank Ltd. INDIAN STOCKS TO WATCH GoAir scouts for partners to sell 49 pct stake - Economic Times Financial Technologies, MCX to exit Dubai Gold and Commodity Exchange - Economic Times Top court says Indian government meddled in graft investigation - Reuters India coal imports hit record high on slow domestic output-sources - Reuters GMR Infrastructure looks to sell stake in 4 road assets to raise 18 bln rupees- Economic Times () EU imposes anti-dumping duties on India's steel wire exports - Reuters India IOC to expand crude basket; plans 5 new oil deals - Reuters India's Jai Corp Jan-March net up 80.30 pct - Reuters India's ABB Ltd Jan-March net down 10.66 pct - Reuters India's top generic drugmakers look to US as patents end - Reuters SKS Microfinance posts Jan-March net profit - Reuters India's GTL Jan-March net down 40 pct - Reuters RIL-owned Reliance Fresh drags Bharti Retail to court over price comparisons - Economic Times

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