Bloomberg : Maharashtra govt:29 bln rupee allotted for road development FY13

Bloomberg : Maharashtra govt: Buying land for Nagpur cargo airport project

Bloomberg : Official:

• GAIL to import 20 spot LNG cargoes FY13 vs 16 in FY12

• GAIL to get 8 spot LNG cargo at Dabhol, 12 at Dahej FY13

• GAIL wants to buy more LNG from spot mkt as prices soft

• Jaiprakash Power to seek shareholders' OK to raise 35 bln rupees

• Source says GoM on pharma pricing policy to meet Tue

• Source:GoM on pharma policy to mull price cap on essential drugs

Bloomberg : Tilaknagar Industries acquires 90% stake in Shivprabha Sugars

Bloomberg : Source:

• Emami ups 9 ml Zandu Balm pack price 4.17% to 25 rupees

Bloomberg : Source:

• Nestle ups 80 gm Maggi Vegetable Atta Noodles price 6.25%

• Nestle ups 320 gm Maggi Vegetable Atta Noodles price 8.3%

Bloomberg :

• Bank of India shareholders OK shr issue to govt, LIC on pref basis

• Allahabad Bank shrholders OK shr issue to govt, LIC on pref basis

Bloomberg : Rolta India: Last date to buyback outstanding FCCBs Mar 28

Bloomberg : Rolta India raises $135 mln via overseas loans to redeem FCCBs

26-03-2012

BOARD MEETING -

• TATA METALIKS to consider issue and allotment of preference shares on preferential basis.

FII & DII ACTIVITY

FII & DII activity on 23-03-2012 – FII net sellers in index future to the amount of Rs 391.05 Cr , in index options net buyers to the amount of Rs 2170.74 Cr, in stock futures net buyers to the amount of Rs 210.14 Cr & in stock options net buyers to the amount of Rs 45.18 Cr. Overall FII were net buyers by Rs 2035.01 Cr.

Capital Marget Segment – FII’s trading activity net buyers of Rs 9.46 Cr & DII trading activity net buyers of Rs 186.81 Cr.

NIFTY VIEW

Market is expected to open on flat note, we can see Nifty spot to trade around 5250-5240 in opening trade, if Nifty spot able to cross the 5280 level we could see some support buying to initiate in market, Nifty spot is having resistance at 5280-5320 above 5320 we can see some comfort in market and it could move till 5350, whereas Nifty spot is having supports at 5250-5220 below that we may see some selling pressure in market and it could slide lower till 5170.

MARKET NEWS:

• Alok Ind shares up 0.8% as co plans to raise up to $150 mln

• Central Bank of India to raise up to 10 bln rupee via pref issue