Latest stock Market news for July 1st, 2010 (01/07/2010): Stocks in news today

Stocks and sectors in news today 1st July, 2010:
Listing of equity shares of Parabolic Drugs today

NMDC hikes iron ore fines prices by 11.5%

IVRCL Assets issues Rs 100 crore NCDs on private placement

Shoppers Stop ups stake in Hypercity to 51% from 19% Earlier

MTNL: Considering a bond issue for repayment of 3G debt

Oil PSUs to raise ATF prices by average Rs 1,343/kL on Thursday

US advisory firm Glass Lewis advises Parkway investors against Khazanah bid

M&M counters lawsuit by US Dealers : Mint

Indraprastha Gas (IGL) gets license to sell gas in Ghaziabad: Mint

REC to raise USD 400 million ECB, Rs 2000 crore of Local bonds : DNA

Sumit Banerjee to exit ACC to spearhead ADAG cement foray

INDIAN STOCK MARKET BOARD MEETINGS TODAY ON July 1st, 2010:

ICSA : Issue of Securities
Hanung Toys : Dividend

Auto sales numbers today – Expectations
Maruti Suzuki June Auto sales seen at 100,000 units versus 75,109 units (YoY), 102,175 units (MoM)
Hero Honda June sales seen at 4.25 lakh units versus 3.65 lakh (YoY), versus 4.35 lakh units (MoM)
TVS Motor expected to post sales at 1.6 lakh units for June 2010.

LEADING PUBLIC SECTOR BANKS SET BANK BASE RATES
ICICI Bank :                    7.5%
Kotak Mahindra Bank :    7.25%
HDFC Bank:                   7.25%
Axis Bank :                    7.5%
South Indian Bank :         8.10%
Karnataka Bank :            8.75%
J&K Bank :                     8.25%

Tata Power
Raises USD 300 million by monetizing Indonesian Coal SPVs
To sell 14-15% stake to PE Firm Olympus Holdings
To sell stake in Bhira Investments & Bhivpuri Investments
Alert : Bhira Investments owns stake in Bumi Resources’ Coal Mines

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