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Evening News Round-up 2-May:

*Bullish on India, its problems lesser than China: JPM 

*Bullish on equities, won’t sell and go away in May: Nomura

*Not worried about upstream cos’ subsidy burden: Religare

*Economic growth of 6% in FY15 is possible: Chidambaram

*Hoard cash till poll results; bullish ABB, Siemens: Ambit

*Brace for sharp moves in India VIX May 13 onwards: Udayan

*FY15 GDP growth seen at 5.2-5.5%: Care Ratings

*Fulford India zooms over 70% in four days on delisting offer

*Bata falls 6% as same store sales weak; brokers still bullish

*M&M falls 2% on low April sales, unseasonal rains impact

*Just Dial hits four-month low, down 8% intraday

*IDBI up 5%; co confident of improving asset quality in FY15

*New York Stock Exchange to pay $4.5 mn to settle SEC charges

*Mitsui, Qatar in race to buy stake in Petronet

*Mildly overweight on cyclicals going into May 13: Claritas

*Coalgate scam: CBI starts second round of P C Parakh’s questioning

*India in talks to develop Kazakh oil block

*BHEL commissions 160 MW Power Plant in Rajasthan

*Pfizer engages AstraZeneca with raised $106 billion offer

*Cairn India CEO Elango quits

*ONGC VIDESH GETS 10 NEW LENDERS FOR $1.78B SYNDICATED LOAN

*TATA STEEL, SAIL, OMC, RUNGTA MINED 50M TONS IN ODISHA IN FY14

*INDIA’S ODISHA STATE FY14 IRON ORE OUTPUT AT 74 MLN TONS

*Maruti, Toyota, M&M sales drop in April; Hyundai, Honda up

*TVS Motor’s April sales up 15%

*Saw mkt share jump to 20% in Apr vs 17% in Dec: Bajaj Auto

*BAJAJ AUTO APRIL SALES 331,529 UNITS VS 344,178 YR AGO

*BAJAJ AUTO APRIL EXPORTS 150,714 UNITS VS 130,329 YR AGO

*TATA MOTORS APRIL PASSENGER VEHICLE SALES 7,441 UNITS, DOWN 36%

*TATA MOTORS APRIL EXPORTS FELL 10% Y/Y TO 3,222

*World stocks trade cautiously, Rupee off 3-week high ahead of US jobs data.

*Sensex, Nifty end flat; Nifty closed below 6700 for 2nd day. Maruti & Sesa lose 2-3%, pharma up

*COAI says telcos peg more than 20,000 job cuts for 2013-14

*INDIA APRIL HSBC MANUFACTURING PMI AT 51.3 UNCHANGED M/M

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