Sensex to open lower

Headlines for the day

Mahindra Satyam to induct 200 every month from virtual pool - DNA Money

Mahindra & Mahindra to consolidate auto components business - DNA Money

L&T bags Rs844 crore Nuclear Power Corporation order - Business Line

Alok to wind up realty foray - Business Standard

RIL may buy part of LB group's debt - Business Standard

Events for the day

Major corporate action:

Sun-division of equity shares of Munoth Capital Market Ltd from Rs10/- per share to Rs5/- per share.

Godrej Property IPO that opens today and will close on December 11, 2009 comes with a price band of Rs490 to Rs530 per share.

Pre-market report

Global signals

The European stocks opened lower on Tuesday and remain lower side through out the day. At the end, FTSE 100 closed 1.65% lower at 5223.

The US markets closes in red after disappointing corporate news from 3M Co and McDonalds. Nasdaq 100 up 17 points to closed at 2173.

In today's trade, all the Asian indices opened lower and strengthen the losses in the early trading hours. At the time of writing this report, SGX Nifty that opened lower by 86 points, recovered some losses and trading lower by 49 points.

Indian markets

The domestic indices are expected to open lower and may remain lower owing to the weak global cues.

Among the local indices, the Nifty could test the 5150-5182 range on the up side, while on the down side it could find support at 5050 and 5100. While the Sensex is likely to get support at 17100 and may face resistance at 17300.

Indian ADR's

Among the Indian ADRs trading on the US bourses, all the ADR closed in red except Infosys, ICICI Bank & Rediff.

Commodity cues

In the commodity space, wherein the Crude oil prices reported marginal decline, with the Nymex light crude oil for January series decline by $0.93 to settle at $72.62 a barrel.

In the metals space, Comex Gold for February series sheds $20.60 to settle at $1169.50 to a troy ounce.

Daily trend of FII/MF investment in equities

On December 08, 2009, FIIs were the net buyers of the Indian Stocks in the tune of Rs17.90 crore (with the gross purchase of Rs1936.90 crore and gross sales of Rs1919.00 crore).

While the Domestic mutual funds, on December 07, 2009, were the net seller of the stocks in the tune of Rs258.00 crore (with gross purchase of Rs545.70 crore and gross sales of Rs903.70 crore.