Sensex to open marginally lower

Headlines for the day

GVK Power buys L&T's 17% stake in Bangalore airport company for Rs686 crore - Business Line

ONGC puts plans for marginal fields on the back burner - Business Line

RBI turns focus on balancing inflation and growth - Business Line'

GMR raising Rs 13,000 cr for power, road projects - Business Standard

Hatsun Agro setting up milk plant in TN - Business Standard

Events for the day

Major corporate action:

Bonus Issue of Valson Industries in ratio 1:1

Pre-market report

Global signals

The European stocks opened the Friday with gains and able to sustain the gains throughout the day and closes the day with gains. At the end, FTSE 100 closed 0.18% higher at 5322.

The US markets closed with gains on back of better Job data figures. Nasdaq 100 up 21 points and closed the day at 2194.

In today's trade, the Asian indices showing the mixed trend in the early trading hours. Indices like Jakarta Composite & Hang Seng trading in negative. While Straits Times, Nikkei & Shanghai Composite trading in positive territory. And at the time of writing this report, SGX Nifty that opened with gain of 27 points, erased its all gains and trading in red zone with the loss of 15 points.

Indian markets

The domestic indices are expected to open marginal lower, remain volatile owing to the Mixed Asian 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 17000 and may face resistance at 17300.

Indian ADR's

Among the Indian ADRs trading on the US bourses, all the ADR managed to closed in green except Dr. Reddy that slides the most with loss of 2.77%.

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 $0.36 to settle at $75.47 a barrel.

In the metals space, Comex Gold for February series sheds $49.30 to settle at $1169.50 to a troy ounce.

Daily trend of FII/MF investment in equities

On December 04, 2009, FIIs were the net buyers of the Indian Stocks in the tune of Rs428.70 crore (with the gross purchase of Rs2365.20 crore and gross sales of Rs1936.50 crore).

While the Domestic mutual funds, on December 03, 2009, were the net seller of the stocks in the tune of Rs168.80 crore (with gross purchase of Rs613.80 crore and gross sales of Rs778.70 crore).