Sensex to open lower

Headlines for the day

RIL eyes lyondell co-promotership

Great Eastern back to buying ships

Unitech sells Rs 5,550-cr properties in Apr-Dec

NDTV, Beximco Group to launch news channel in Bangladesh

Sterlite to set up power plant at Tuticorin

Events for the day

Major corporate action:

Ex-date for dividend of Balrampur Chini Mills Ltd & Walchandnagar Industries Ltd

Ex-date for interim dividend of Lancor Holdings Ltd.

Today’s Results: Bajaj Auto, Bajaj Auto Finance, Bajaj Finserv, Infosys Technologies, Mastek and Jaiprakash Power Ventures (Formerly Jaiprakash Hydro Power)

Pre-market report

Global signals

On Monday European Markets closed almost unchanged. FTSE 100 closed 0.07% higher at 5538.

In US markets, Dow Jones touched 15 months high to closed at 10664, 46 points higher. However, on other hand Nasdaq fell marginally by 0.21% to closed at 2312.

Among the Asian indices, all the Asian indices are trading negative in morning trade. At the time of writing of this report, SGX Nifty is trading 24 points lower.

Indian markets

The domestic indices are expected to open lower, remain volatile, owing to negative global markets.

Among the local indices, the Nifty could test the 5300-5325 range on the up side, while on the down side it could find support at 5225 and 5200. While the Sensex is likely to get support at 17300 and may face resistance at 17800.

Indian ADR's

Among the Indian ADRs trading on the US bourses, MTNL leads the chart of gainers with gain of 5.08%. On other hand HDFC Bank was the worst performer with loss of 1.52%.

Commodity cues

In the commodity space, wherein the Crude oil prices recorded gain, with the Nymex light crude oil for February series rose by $0.30 to settle at $83.05 a barrel.

In the metals space, Comex Gold for February series rise by $12.80 to settle at $1151.70 to a troy ounce.

In the metals space, Comex Silver for March series rise by $0.23 to settle at $18.70 to a troy ounce.

Daily trend of FII/MF investment in equities

On January 11, 2010, FIIs were the net buyers of the Indian Stocks in the tune of Rs150.80 crore (with the gross purchase of Rs3268.30 crore and gross sales of Rs3117.60 crore).

While the Domestic mutual funds, on January 08, 2010, were the net sellers of the stocks in the tune of Rs157.70 crore (with gross purchase of Rs948.40 crore and gross sales of Rs1106.10 crore).