News Wrap Up

1. Anil Ambani hits out at rival group, slams RCOM audit
2. EIH scrip soars on Analjit entry
3. Shree Precoated Steels lists at Rs 50
4. RelCap hikes stake in Adlabs Films
5. RCom biggest loser among Sensex cos
6. NTPC may float Rs 25,000cr tender
7. Nilkamal hits 52-week high on strong Q2 outcome
8. Kotak Mahindra Bank to announce Q2 results
9. Union Bank of India to announce Q2 results
10. Exide Industries jumps 10% in two days on robust Q2 results
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Upcoming Important Data Reports

OCT 5th:
ISM Non-Manufacturing PMI:
Previous: 48.4%, Forecast: 50.0%
Actual > Forecast = Good for Dollar

OCT 7th:
Crude Oil Inventories:
Previous: 2.8M, Forecast: 1.5M

OCT 8th:
Unemployment Claims:
Previous: 551K, Forecast: 543K
Actual < Forecast = Good for Dollar

OCT 9th:
Fed Chairman Bernanke Speaks:
More hawkish than expected = Good for Dollar

OCT 9th:
Trade Balance:
Previous: -32.0B, Forecast: -32.7B
Actual > Forecast = Good for Dollar

OCT 9th:
FOMC Member Kohn Speaks:
More hawkish than expected = Good for Dollar

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News wrapup

News Wrap Up-
1. Indiabulls POWER IPO to open on 12-15 OCT
2. L N Mittal set to exit $20 bn Indian steel project
3. Ultra Tech climbs 4.39 pc on BSE
4. PDI Ltd plans to divest 26.62% stake
5. Grasim demerger in line with growth plan
6. Natraj Financial & Services to merge Luxury Exports
7. UltraTech, Samruddhi to merge in 8-10 months: AV Birla Grp
8. Bajaj Auto registers a 14.5% yoy growth in total sales for September 2009
9. Exide Industries to consider interim dividend
10. MIC Electronics LED based solar lanterns endorsed at Indo-US summit 2009
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News Wrap Up

News Wrap up-
1. Gifts worth over Rs 50,000 to attract tax now
2. Bharti Airtel-MTN $24 billion deal called off
3. UB to raise $350 mn to reduce burden
4. SCI to raise $300 mn to buy vessels
5. NTPC to re-tender Rs600 crore contract for wind power plant
6. Ratnagiri Gas started drawing gas from RILs KG D-6 field
7. HDFC Bank allots equity shares and HDFC allots equity shares
8. Biocon enters into agreement to acquire the bulk pharmaceutical business
9. JSW Steel keeps prices unchanged in October
10. Rupee rises to near 2-mth high on weak dolla
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