Morning Bell

RR Financial Consultants

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Outlook-  

• The market may open higher on positive Asian stocks. US stocks edged higher on Tusday after U.S. pending home sales increased in the month of December 2010. Investors will closely watch opening of the large follow-on public offer (FPO) of state-run power generation firm NTPC today, 3 February 2010.

• The government fixed the benchamark price for the proposed divestment of government stake at Rs 201 per share. NTPC kickstarts what is expected to be a large fund raising exercise by Indian firms in in calendar 2010 from share sales.

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