Global markets were disappointed after the Federal Reserve’s latest plan to help the economy failed to impress Wall Street. The Fed said it would keep its “Operation Twist” program going through the end of the year rather than let it expire at the end of this month. It aims to keep long-term interest rates low by selling the Fed’s short-term U.S. government debt and buying long-term debt.

Economists have pointed out that long-term interest rates are already near record lows, and that consumers and businesses who aren’t borrowing today won’t necessarily borrow tomorrow just because it’s a little cheaper.

Here are the stocks to track today.

1. Reliance Industries: Shares in the company underperformed the broader markets Thursday on the back of a sharp downward revision in the proven gas reserves in the KG-D6 fields by one of its partners. (Read: Top 5 reasons why RIL shares are falling)

2) Bharti Airtel, Idea Cellular: A panel of ministers will decide on the base or reserve price of airwaves in the 1800 MHz band in the upcoming auctions apart from taking a call on the revised set of rollout obligations proposed by the telecom department. It will also decide if companies could mortgage airwaves as collateral to borrow from banks and if they could stagger their payments for the spectrum they bag while bidding.

3) Ambuja Cements, ACC: The Competition Commission of India may announce its order on alleged cartelisation by cement companies today. The CCI is redrafting certain portions of the final order which seeks to impose a penalty on 11 cement companies for inflating cement prices by forming a cartel. The cement companies, reportedly decreased production to inflate prices, which works against the interest of consumers. Those found guilty have the option to challenge the order in the Competition Appellate Tribunal.

4) UltraTech Cement: The environment ministry’s expert panel has given the go ahead for the company’s expansion plans in Madhya Pradesh. This clearance is on the condition that the company provides 5 per cent of the total project cost towards enterprise social commitment.

5) Hathway Cable, Den Networks: The information and broadcasting ministry has extended the deadline for digitalization in four metros from June 30 to October 31, 2012. A decision in this regard was taken on Wednesday following the difficulties being faced by stakeholders in meeting the new guidelines of the TRAI.

6) State Bank of India: The country’s largest lender would cut interest rates on loans for exporters by 25-50 basis points according to  reports. The new rates are likely to be effective from next week. The move comes following the central bank’s decision to increase export refinancing limits of banks, to 50 per cent, to improve liquidity in the system.

7) Ranbaxy, Cipla, Dr Reddy’s: All generic pharmaceutical companies might soon have to pay a fee to the US drug regulator when they seek its permission to sell their products there. A Generic Drug User Fee Act is on the way, to enable the US Food and Drugs Administration (FDA) to levy a user fee on each generic drug application filed for approval, learnt. The new norms are likely to be introduced from October.

8) Allcargo Logistics: The company will spend up to Rs 75 crore on share buyback at Rs 142.50 per share.

9) Lloyds Steel: It will issue Rs 38 crore shares on preferential basis to Ultimate Logistics Solutions & Metallurgical Engineering. The two firms currently hold 12.26 per cent stake in Lloyds Steel.

10) Godrej Properties: The realty firm will launch the fifth phase of GGC Township at Ahmedabad. The project is worth Rs 396-540 crore.

                                                                                                            source by ndtv