* Equity Alert: Karnataka Bank up over 1% ahead of rights issue
* Equity Alert: ONGC, GAIL shr up; CLSA says fuel price hike positive
* Equity Alert: Auto shares down on fears of slowdown in demand
* Equity Alert: IT cos up on weak rupee, value buying; may rise more
* Equity Alert: M&M unchanged on news co to buy Italy's Engines Engg
* Equity Alert: Oil retailers fall 3-6% despite fuel price hike Wed
* Equity Alert: Tanla Solutions up 1%; arm buys Finland's Openbit
* Equity Alert: Mercator up; arm renews shipping deal at higher rate
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