May 21 (Reuters) – GLOBAL MARKETS ROUNDUP
* Nifty futures on the Singapore Exchange are 0.02
percent up and the MSCI-Asia Pacific index excluding Japan
is 0.12 percent lower.
* The dollar nursed losses versus a basket of currencies on
Tuesday, having retreated the previous day as traders pared back
expectations that U.S. Federal Reserve Chairman Ben Bernanke
would hint at tapering bond buying this week.
* U.S. stocks ended little changed on Monday, with indexes
hovering near record levels as concerns about a correction cut
earlier gains that had been prompted by news about a flurry of
acquisitions. The Dow and the S&P; 500 briefly hit all-time
intraday highs.
FACTORS TO WATCH
* March-quarter earnings from Tech Mahindra 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.
China offers India a “handshake across the Himalayas”
Reliance Infrastructure to exit 200 bln rupees projects on
government delays – Economic Times
(http://link.reuters.com/xud38t)
Finance minister bats for merger of PSU Banks – Times of
India
(http://link.reuters.com/zud38t)
Oil ministry recommends gas price hike to $6.7 – Times of
India
(http://link.reuters.com/byd38t)
Titan to halt expansion of large Tanishq stores – Mint
(http://link.reuters.com/cyd38t)
BHEL decides to exit power project JVs – Financial Express
(http://link.reuters.com/dyd38t)
Coal India Q4 standalone net profit rises 90 pct on dividend
income – PTI in Mint
(http://link.reuters.com/fyd38t)
Telecom cartel killed spectrum auctions; govt failed to act
against them: CAG – Economic Times
(http://link.reuters.com/myd38t)
India’s Essar Oil to sign $1 bln debt-for-fuel deal with
China
Indian gold jewellers face shortage of stocks, premiums
still high
India’s SREI Infrastructure Jan-March net up five fold
Hotel LeelaVenture posts March-qtr net loss
India’s MTNL plans to raise up to 19.95 bln rupees via bond
in June – termsheet
India sees strong foreign investor demand for govt debt
quotas
India’s SAIL sees 30 pct jump in coking coal imports post
expansion – Reuters
India says foreign investors may buy inflation-linked bonds
India’s IFCI Jan-March net down 31.51 pct
Tata Teleservices Maharashtra says promoter Tata Sons to
sell 1 pct stake
India finance minister: will take more steps to curb gold
imports if needed
StanChart to buy Morgan Stanley India wealth management arm
India central bank cuts time for exporters to repatriate
earnings
Gammon Infra in talks with global companies to partner in
Indira Container Terminal at Mumbai Port – Economic Times
(http://link.reuters.com/gyd38t)
United Stock Exchange sets up a clash with BSE over debt
trading – Economic Times
(http://link.reuters.com/hyd38t)
Suzlon in talks to repay investors, by issuing USD notes,
after dollar bond default – Mint
(http://link.reuters.com/jyd38t)
Essar Energy Holdings to buy 2.41 pct stake in Essar Oil –
Mint
(http://link.reuters.com/kyd38t)
Jubilant Lifesciences arm recalls drug from US market –
Economic Times
(http://link.reuters.com/nyd38t)
IL&FS; eyes acquisitions to grow merchant banking – Business
Standard
(http://link.reuters.com/pyd38t)
Ex-executives may face off to buy MphasiS – Times of India
(http://link.reuters.com/qyd38t)
(Reporting By Manoj Rawal)
