Indian shares may hit record high

Roman Tarmat Ltd. , ahead of the construction firm's stock market debut on Monday.

* IFCI Ltd. , after the financial institution swung to a net profit of 2.47 billion rupees in the June quarter, compared with a net loss of 156.1 million rupees last year, and the board's "in-principle" approval to invite bids from strategic investors for a stake in the company.



* Zenith Infotech Ltd. , after the company said its board would meet on July 14 to consider raising 3 billion rupees in equity or convertibles.

* Shopper's Stop Ltd. , after the retailer's managing director said the company was planning a rights issue of up to 5 billion rupees ($125 million) to help fund a planned expansion. [ID:nBOM275364].

FACTORS TO WATCH
* Indian rupee seen up on capital inflows, cbank eyed
[INR/]
* Indian bond yields may drop on easy cash
[IN/]
* FOREX-Yen stays weak, hits record low vs euro
[FRX/]
* Oil dips as Nigeria tension eases, stays above $75
[O/R]
* GLOBAL MARKETS-Stocks rise,Seoul hits record;euro
strengthens [MARKETS/AS]
* STOCKS NEWS ASIA-Markets rise, new record high for Seoul
[STXNEWS/AS]
* Indexes cap week of gains on jobs data, oil
[.N]
* ADRs higher on oil companies, Latin America
[ADR/]
* For closing rates of Indian ADRs

By Saniya Mehra

Indian stock market closed on a negative note today. Stocks which outperformed in today's market are : asian paints, ambuja cement, tech mahindra. Good performing stocks helps in earning profitable returns.