Metal stocks in focus after weak Chinese data

Metal stocks will be in focus on weak trade data in China. China is the world's largest consumer of copper and aluminum.

Infosys' global sales and marketing head Basab Pradhan quit the company. Mr. Pradhan, who was the member of the Infosys executive council, said he is planning to start his own venture.

Hindustan Unilever turns ex-dividend today, 10 July 2013, for final dividend of Rs 6 per share for the year ended 31 March 2013 (FY 2013).

Cairn India turns ex-dividend today, 10 July 2013, for final dividend of Rs 6.50 per share for the year ended 31 March 2013 (FY 2013).

CESC turns ex-dividend today, 10 July 2013, for dividend of Rs 7 per share for the year ended 31 March 2013 (FY 2013).

Magma Fincorp turns ex-dividend today, 10 July 2013, for dividend of 80 paise per share for the year ended 31 March 2013 (FY 2013).

Indusind Bank will announce its Q1 June 2013 results today, 10 July 2013.

The government will reportedly inject as much as Rs 14000 crore into IDBI Bank, Bank of Maharastra, Dena Bank and Indian Overseas Bank by the end of September 2013 to strengthen their risk buffers and bolster credit growth as the economy slows.

Ramco Systems clarified that market rumours suggesting that the company may be acquired by one of the leading Indian software companies are baseless, false and untrue. The company said that it is in the process of coming out with a rights issue to meet its capital requirements and has undertaken steps towards the same.

Shares of textile companies will be watched as the government said it would come out with an action plan to increase competitive strength of the textiles sector and boost exports within four weeks. The decision to set up an inter-ministerial group, headed by the Textiles Secretary, to work out a new competitiveness strategy for the sector was taken at a meeting chaired by Prime Minister Manmohan Singh.

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