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Global Cues:

The European shares mostly fell on Tuesday (December 06, 2011) and the euro hit a one-week dollar low after an S&P warning of a eurozone downgrade overshadowed news of a Franco-German plan to save the single currency.

The US stocks were mixed on Tuesday as investors continued to worry about Europe's economy but some became hopeful that an upcoming summit of European leaders would yield results that combat the sovereign-debt crisis.

The Asian stock markets rose on Wednesday (December 07, 2011) amid cautious optimism European leaders will deliver a comprehensive plan to contain the Continent's debt crisis. SGX Nifty was trading 38 points higher, suggesting a positive start for the Indian markets.



Commodity Cues:

US Crude Oil rose in light trading on Tuesday as investors shifted focus from a fading threat of supply disruptions from Iran to prospects that a European Union summit on Friday would produce a workable agreement to contain the debt crisis there.

Stocks in news:

Hindalco to invest Rs 25,700 cr more

MOL to invest Rs 240 cr for CPVC plant in Dahej

Railway, air traffic to kick off index for services industry

IOB plans to restructure SME and corporate loans

Wipro, Kawasaki tie up plans major expansion

Eros to distribute 'Agneepath' overseas

GAIL India secures $100 mn foreign loan

ONGC gives NOC for sale of Cairn India to Vedanta

ICAI bars 2 auditors linked with Satyam scam for life

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Today’s Intraday calls:

Indranil Roy says, BUY Kingfisher Airlines @ Rs25.15 with a target of Rs26.20 and stop loss of Rs24.70, on CNBC Awaaz.

Hemant Ghai says, BUY Dish TV India @ Rs68.55 with a target of Rs72 and stop loss of Rs68, on CNBC Awaaz.

Hemant Ghai says, BUY Petronet LNG @ Rs167.5 with a target of Rs180 and stop loss of Rs165, on CNBC Awaaz.

Hemant Ghai says, BUY Cairn India @ Rs321.85 with a target of Rs335 and stop loss of Rs318, on CNBC Awaaz.

Indranil Roy says, BUY Ranbaxy Laboratories @ Rs436.45 with a target of Rs456 and stop loss of Rs429, on CNBC Awaaz.