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Pre-Market: Flat opening seen; DLF, Tata Power eyed

Markets are expected to open on a flat note tracking mild profit-taking in Asian shares after two-day rally

SI Reporter Mumbai
Markets are expected to open on a flat note tracking mild profit-taking in Asian shares after two-day rally.

Global risk appetite remained firm after US jobs data showed companies hired more workers than expected and the Federal Reserve said the world’s largest economy is expanding.

At 6:45AM IST, SGX Nifty traded down 13.50 points to 5832.00.

The MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1%.

Asian shares gained Japan's Nikkei stock average opening up 0.9 percent to a fresh 4-1/2-year peak. Overnight, Dow Jones gained 42.47 points to 14296.24 while Nasdaq declined 1.77 points to end at 3222.36.

Following stocks are expected to move today:

Coal India Ltd (CIL), the world's largest coal miner, said it might have to slash prices of its high-quality coal which is. Expected to benefit cement and sponge iron companies

Diversified conglomerate ITC is gearing to launch a slew of products in the Indian dairy market over the next 14 months.

Tata Power Co Ltd today fully synchronised the fifth and last unit of its ultra mega power project (UMPP) in Mundra, Gujarat, taking the project to its full capacity of 4,000 megawatts (Mw)

DLF’s board of directors Wednesday approved a plan to sell shares, either through an institutional placement or other methods, to reduce minimum public shareholding in the company in line with Securities and Exchange Board of India (Sebi) guidelines.

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First Published: Mar 07 2013 | 8:22 AM IST

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