Indian stocks to watch-Dec 27

Hindustan Oil Exploration

27/12/2012 03:25

GLOBAL MARKETS ROUNDUP  
    * Nifty futures on the Singapore Exchange    fell 0.07 
percent, while the MSCI-Asia Pacific index, excluding Japan  
  , advanced 0.29 percent.         
    * Asian shares rose on Thursday amid caution about the 
chances of U.S. lawmakers striking a deal to avoid a fiscal 
crunch by Dec. 31, while the yen    hit a 21-month low 
against the dollar on the prospect of drastic monetary easing. 
        
    * U.S. stocks fell for a third straight day on Wednesday, 
dragged lower by retail stocks after a report showed consumers 
spent less in the holiday shopping season than last year.      
      
    INDIAN FACTORS TO WATCH  
    * Prime Minister Singh, top govt officials to meet on 
five-year plan 
    * Expiry of monthly derivative contracts 
    * PC Jeweller    makes stock debut after 6.1 bln 
rupees IPO 
  
    INDIAN STOCKS TO WATCH 
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NOTE: Reuters has not verified third-party stories and does not 
vouch for their accuracy. 
 
    FINANCIAL/REGULATORY 
    * Indian banks' advances and deposits as of Dec. 14 grew 5.7 
percent, slower than 7.8 percent in the year-ago period, while 
deposits grew 5.6 percent, compared with 6.5 percent, data from 
the central bank showed on Wednesday. (Reuters)    
    * More than two-thirds of non-banking finance companies face 
closure if the Usha Thorat panel recommendation on minimum asset 
size is implemented by the Reserve Bank of India. (Economic 
Times) 
 
    * The infrastructure development funds (IDFs) from mutual 
fund houses are likely to get a fresh lease of life, as SEBI is 
taking steps to address the bottlenecks faced by these funds, 
industry officials say. (Financial Chronicle) 
 
     * Belgium-based BDO International will call off its 
four-year joint venture BDO India with Haribhakti Consulting by 
selling its 10 percent stake to its Indian partner, The Economic 
Times reported, citing Shailesh Haribhakti, chairman of 
Haribhakti Consulting. (Economic Times) 
 
    * SREI Infrastructure Ltd plans to set up about 25,000 white 
label automated telling machines in rural areas, Hemant Kanoria, 
chairman and managing director said (Business Standard) 
 
     
    ENERGY/COMMODITIES 
    * Eni    , the Italian petroleum exploration and 
production company, which holds 47.18 percent in Hindustan Oil 
Exploration Co Ltd   , is in talks with Anadarko 
Petroleum Corp    to sell its entire stake, according to 
banking sources familiar with the development (Business 
Standard) 
 
    * NMDC    is eyeing an iron ore property in Brazil, 
said CS Verma, acting chairman of the miner. (Economic Times) 
    * National Aluminium Co Ltd    will shut more 
capacity over the next fortnight, said B L Bagra, director of 
finance at the aluminium maker. (Business Standard) 
  
    INFRASTRUCTURE 
    * Japan's Mitsubishi Heavy Industries   , Hitachi, 
Mitsui Engineering & Shipbuilding Co   , Toshiba, and 
Sojitz    are among the Japanese companies that have shown 
an interest in executing the promised projects for the Delhi 
Mumbai Industrial Corridor, The Economic Times reported.  
    The newspaper cited a list published in the official website 
of Japan's Ministry of Economy, Trade and Industry. (Economic 
Times) 
 
     
    RETAIL 
    * Commerce Minister Anand Sharma on Wednesday said the 
government is willing to accept Ikea's    global retail 
model and a formal approval process is underway. (Economic 
Times) 
 
    * Tesco Plc    has set up an Indian subsidiary to buy 
fresh and processed foods from the country for its global 
stores, The Economic Times reported citing a spokesperson at the 
retailer. (Economic Times) 
 
 
    AUTOS 
    * Tata Motors    is planning a quick makeover for the 
Nano to pack the little Nano with more punch. An 800 cc engine 
is in the works, while a diesel option is also under 
consideration, people closely associated with the project said.  
(Economic Times) 
 
 
NOTE: Reuters has not verified third-party stories and does not 
vouch for their accuracy. 
     
 
 (Compiled by Manoj Rawal; Editing by) 
 ((rafael.nam@thomsonreuters.com)(+91-22)(6180-7425)(Reuters 
Messaging: rafael.nam.thomsonreuters.com@reuters.net)) 
 
Keywords: MARKETS INDIA STOCKS/PRE OPEN