Wires

Indian stocks to watch-Oct 8

GLOBAL MARKETS ROUNDUP

* Nifty futures on Singapore Exchange

fell 0.07percent, while the MSCI-Asia Pacific index excluding Japanfell 0.75 percent.* The S&P 500

broke a four-day string of gains,ending slightly lower on Friday as an unexpected drop in theU.S. unemployment rate was overshadowed by concerns about thecoming earnings season.

* Asian stocks edged lower on Monday and other riskierassets such as commodities fell as investors remained cautiousabout the outlook for the global economy and corporate earnings.

FACTORS TO WATCH

* Finance minister P Chidambaram speaks at two-day editors'conference.

* An Indian ministerial panel will meet to make its finalrecommendations on a plan to ask older wireless providers to payfor their existing airwave holding at a price to be derived inan upcoming 2G auction. (Starting at around 0700 GMT)

INDIAN STOCKS TO WATCHNOTE: Reuters has not verified third-party stories and does notvouch for their accuracy.

TOP NEWS

* India's capital markets regulator on Saturday permittedloss-making listed firms to raise funds by selling shares,making it easier for such firms to meet their capital needs.(Reuters)

* Indian banks would reduce their interest rates if theReserve Bank of India cuts its key lending rate at its mid-termpolicy review on Oct. 30, the chief of an Indian banks' bodyassured the central bank governor on Friday. (Reuters)

* India looks set to begin dismantling a complex web ofregulatory requirements that throttle its infrastructure growth,with plans to set up a special body this week to speed upprojects in a sector seen as vital to reviving economicmomentum. (Reuters)

FINANCIAL

* Sahara filed a petition in the Supreme Court on Fridayseeking a review of the court's order asking it to refund 240billion rupees ($4.6 billion) to investors, a lawyer for thecapital markets regulator told Reuters. (Reuters) [ID:nD8E8L100J]

* India mutual funds, private equity houses and wealthmanagers may run into a regulatory hurdle in the United ArabEmirates after the country's Securities & commodities Authority(SCA) has instructed distributors and investment advisors toseek its approval before selling products. (Economic Times)

ENERGY/COMMODITIES

* India's Supreme Court has suspended iron ore transport inwestern Goa and asked for a report into illegal mining in thestate in four weeks, Justice Aftab Alam said, a move that couldfurther delay a resumption of mining and exports. (Reuters)

* Australia is close to finalise a uranium safeguardsagreement with India that would allow it to sell the yellowcaketo the Asian giant, Foreign Minister Bob Carr said. (Press Trustof India via The Economic Times)

* Vedanta Resources

has tied up funds to repay 95per cent of its $4.1-billion debt, maturing in the currentfinancial year, a company spokesperson said in an e-mailedreply. (Business Standard)

* Foreign farm equipment manufacturers are taking a closerlook at the Indian market: Germany's Lemken will inaugurate amanufacturing facility at Nagpur this month, while Italy'sMaschio Gaspardo recently set up its manufacturing unit nearPune. (Economic Times)

INFRASTRUCTURE

* The government is readying a blueprint to rescue therailways from long years of rampant populism by successiveministers, lining up measures to push stalled investments andincrease revenues, according to officials. (Economic Times)

* Bajaj Electricals

is trimming its low-marginengineering and projects projects, said Chairman and ManagingDirector Shekhar Bajaj. (Business Standard)

AIRLINES

* State-run banks are likely to give grounded KingfisherAirlines

another two months before liquidating thepledged securities, giving the airline one last chance to comeback from the brink, said people familiar with the development.(Economic Times)

* Etihad Airways will look to extend its geographical reachto India and other Asian markets. (Reuters)

* Representatives from Air India took delivery on Friday ofthe first Boeing Co

787 Dreamliner made in South Carolinaand the first manufactured outside Boeing Commercial Airplane'sheadquarters in Washington state. (Reuters)

AUTOS* Nissan Motor

is strengthening its R&D unit inIndia, with planning to potentially develop a compact car madein India, said Takayuki Ishida, managing director and chiefexecutive of Nissan Motor India. (Business Standard)

PROPERTY* DLF

and Robert Vadraand, the son-in-law ofCongress Party chief Sonia Gandhi, have denied allegations froman activist turned politician of controversial propertytransactions between them. (Economic Times)

TELECOMS

* The empowered group of ministers (EGoM) on telecom hadtaken a favourable view of a DoT (department of telecom)proposal to charge for all GSM spectrum beyond 4.4 MHz and CDMAspectrum beyond 2.5 MHz. (Business Standard)

IT* Wipro Ltd

has shelved plans to sell its watertreatment business after it failed to find buyers, two peopleinvolved in the sale said. (Mint)

HEALTH CARE

* The health ministry on Sunday said it was working on aplan to make it mandatory for all private hospitals to declareand display the treatment costs of different diseases.(Economic Times)

NOTE: Reuters has not verified third-party stories and does notvouch for their accuracy.

OTHER FACTORS TO WATCH* Indian debt/FX factors to watch

* Dollar near 2-week high vs yen after U.S. jobs data

* Oil dips as weak global economy offsets rise in US jobs

* Foreign institutional investor flows

* For closing rates of Indian ADRs

(Compiled by Dipika Lalwani; Editing by Rafael Nam)

((rafael.nam@thomsonreuters.com)(+91-22)(6180-7425)(Reuters

Messaging: rafael.nam.thomsonreuters.com@reuters.net))

Keywords: MARKETS INDIA STOCKS/PRE OPEN