29-03-2012

BOARD MEETING
• ARSI COSMETICS to consider raising funds.
• SHASUN PHARMACEUTICALS to mull allotment of shares on preferential basis.
• IFB INDUSTRIES to mull preferential issue of equity shares to promoters.
• INDOCO REMEDIES to consider stock split and bonus share issue.
• POCHIRAJU INDUSTRIES to consider conversion of share warrants.
• UNITED PHOSPHORUS to consider interim dividend.
• LLOYD ELECTRIC & ENGINEERING to mull heat exchangers ops merger with self.
• LYKA LABS to consider sale of its R&D unit to wholly-owned arm.


DATA ALERT FROM OVERSEAS
• EU EUROZONE RETAIL PMI for Mar.
• US WEEKLY JOBLESS CLAIMS for wk to Mar 24.
• US GDP ESTIMATE for fourth quarter.
• US EIA WEEKLY NATURAL GAS STORAGE Report for wk to Mar 23.

MARKET NEWS:

• DoT set to impose 10 bln rupee fine on Airtel, Vodafone, Idea
• Coal ministry to cede pricing powers to new regulator
• Mallya in talks with Heineken to sell stake in liquor business
• PE tap may close for single-brand companies
• Satyam in talks for European buy, Aussie deal to follow
• Pranab says not possible to roll back hike in gold import duty

• Fortis in talks with PE firms for stake sale
• Scope Ind to issue 1.9 mln shares on pref basis to promoters
• Readymade Steel to pay S$25 mln-S$35 mln for 90% stake in KH Foges
• I-T department seizes Unitech shares in Uninor
• Kingfisher Airlines appoints directors to


 • GAIL INDIA: Has signed a gas transmission pact with Bangalore's Information Technology Park for supply of around 60,000 scmd of natural gas.
• GMR INFRASTRUCTURE: Plans to have a power zone at its 11,000-acre Special Economic Zone have taken a back seat due to low gas production at the Krishna-Godavari basin.
• IL&FS ENGINEERING AND CONSTRUCTION CO: Has entered equal joint venture with Future Market Networks to set up eight infra-logistics parks with up to 2 mln square feet of space each, over the next three years.
• KINGFISHER AIRLINES: Directorate General of Civil Aviation may take action against the airline if its employees and vendors were not paid soon.

• AUROBINDO PHARMA: Has received approval of the US Food and Drug Administration for its quetiapine fumarate or generic Seroquel tablets.
• BAJAJ ELECTRICALS: Plans to split the business into two units- the consumer appliances business and the business-to-business operations.
• COAL INDIA: Board has failed to approve contractual conditions for supply of low-cost fuel to power generation companies.
London-based hedge fund The Children's Investment Fund has initiated legal action against the government under provisions of two bilateral investment treaties over its investment in the company.
• EIH ASSOCIATED HOTELS: Has got board approval for rights issue of 1.1 bln rupees, and merger of arm Island Hotel with self.
• FORTIS HEALTHCARE (INDIA): Is planning a deal with private equity inves
• Aurobindo Pharma shrs up 1.5% on US FDA OK for generic Seroquel
•Neyveli Lignite: To divest 10% stake in next 6 months


 FII & DII activity on 28-03-2012 – FII net buyers in index future to the amount of Rs 173.36 Cr , in index options net sellers to the amount of Rs 63.92 Cr, in stock futures net buyers to the amount of Rs 282.21 Cr & in stock options net buyers to the amount of Rs 1.06 Cr. Overall FII were net buyers by Rs 392.71 Cr.

Capital Marget Segment – FII trading activity net sellers of Rs 148.06 Cr & DII trading activity net buyers of Rs 73.03 Cr.