News you can use - Nov 2 2011

Commodity:

Crude oil were down for a third day on Tuesday, after data pointed to a slowdown in Chinese manufacturing activity in October and amid renewed concerns over the euro zone's debt crisis.

Stock in news:

Car sales fail to pick up in festive season
Dena Bank aims to hit Rs 1.5 lakh crore mark by 2013
RBI extends remittance flexibility to exporters
Nalco begins water hunt in Sundergarh
Essar Oil to cap retail outlet expansion

Global Cues:

The European stocks sank on Tuesday (November 01, 2011), after Greece's move to hold a referendum on the European Union bailout package for the country cast doubts over the approval of the deal.

The US Stocks tumbled on Tuesday after investors were blindsided by a surprise call for a Greek referendum on an EU bailout plan, casting doubt on the sustainability of the recent market rally.

The Asian shares fell on Wednesday (November 02, 2011), as investors shed riskier assets after Greece's abrupt call for a referendum rekindled fears about the viability of a European debt deal reached just last week. SGX Nifty was trading 54 points lower, pointing towards a weak start on the Indian bourses.

Events to watch out for:

New Listing: Stock broking firm, Indo Thai Securities, is going to list its equity shares on the exchanges today. The company has fixed issue price at higher end of price band of Rs70-84 a share.

Result announcement:

Allahabad Bank, Andhra Bank, Onmobile Global, BGR Energy Systems and Hindustan Motors.