Indian stocks to watch - July 3

Sun TV Network

03/07/2013 03:53

July 3 (Reuters) - GLOBAL MARKETS ROUNDUP         * Nifty futures on the Singapore Exchange  SINc1  are down 1.1 percent and the MSCI-Asia Pacific index excluding Japan .MIAPJ0000PUS  is 1.6 percent lower.    * The dollar hovered at one-month highs against a basket of major currencies on Wednesday, while Asian shares drooped after a batch of U.S. data reinforced views that the days of easy money from the Federal Reserve are numbered.  MKTS/GLOB    * U.S. stocks edged lower on Tuesday, erasing earlier gains as the S&P 500 met resistance around its 50-day moving average, a level the index has not been able to close above for the past two weeks.  .N   FACTORS TO WATCH * Finance Minister P. Chidambaram will address the heads of state-run banks on Wednesday and will later brief the media around 12.30 IST (0700 GMT)  * India's cabinet will again debate the merits of using an executive order to launch the government's flagship $24 billion food security programme, the centrepiece of the ruling Congress party's re-election campaign. (1200 GMT) * The Indian government will launch a sale of its 4 percent stake in state-run Hindustan Copper Ltd  HCPR.NS , which could raise $38 million. * India's services PMI for June. (0500 GMT) * The Reserve Bank of India Governor Duvvuri Subbarao will be part of the two-day board meet in the southern city of Chennai. (1230 GMT) INDIAN STOCKS TO WATCH For additional press items double click  IN-PRESS  NOTE: Reuters has not verified third-party stories and does not vouch for their accuracy. Ambuja Cements and ACC Ltd to be merged as Holcim rejigs Indian ops - Economic Times (http://link.reuters.com/zeb49t) Reliance communication's DTH business close to selling 80 pct stake to Sun TV - Business Standard (http://link.reuters.com/bub49t) India's ONGC loses Kashagan oil field to China - PTI in Times of India (http://link.reuters.com/cub49t) Hindustan Copper floor price for share sale set at 70 rupees per share - Reuters  ID:nWNBS004EQ  Telecom Commission nod to 100 pct FDI in telecom - Business Standard (http://link.reuters.com/fub49t) Bajaj to move Pulsar bike output to Aurangabad - Business Standard (http://link.reuters.com/gub49t) India cbank to introduce extra provisioning for unhedged foreign exposure - Reuters  ID:nL3N0F82TS  Gas subsidy for power, fertiliser firms in works - Financial Chronicle (http://link.reuters.com/hub49t) Adani Ports, Mediterranean Shipping form JV for container terminal - Economic Times (http://link.reuters.com/jub49t) GIC, Temasek, Oman to invest in India's HDFC property fund - Reuters  ID:nL3N0F81YT  Steel Authority of India's June saleable steel production up 7 pct - Reuters  ID:nWNBS004EO  Telecom sector facing penalties of around 65 bln rupees - PTI in Economic Times (http://link.reuters.com/kub49t) RBI lifts ban on FIIs buying Yes Bank shares - (http://link.reuters.com/jyb49t) MPs raised issues over Jet-Etihad deal with PM's Office and Central Vigilance Commission - Business Standard (http://link.reuters.com/pub49t) (Compiled by Manoj Rawal) ((manoj.rawal@thomsonreuters.com)(+91-22 6180-7219)(Reuters Messaging: manoj.rawal.thomsonreuters.com@reuters.net)) Keywords: MARKETS INDIA STOCKS/PRE OPEN