Sensex to open gap-up

Headlines for the day

Indian Oil to expand in North - Business Standard

Indian Hotels to run 3 hotels in Egypt - Business Standard

JSW Energy to invest Rs57,000 crore - Business Standard

Hindalco to make beverage cans in India - Business Standard

ONGC plans Rs26,000 crore investment in 2011 - Business Line

Events for the day

Major corporate action:

DB Realty IPO closes today.

Ex-date for interim dividend of Coromandel International, HCL Infosystems, HOV Service and Rane Holdings Ltd

Pre-market report

Global signals

On Monday, the European shares closed higher boosted by banking stock. FTSE 100 closed 1.98% higher at 5247.

US markets closed higher on Monday on the back of better-than-expected data on the manufacturing sector and earnings from Exxon Mobil. Nasdaq closed 24 points higher at 2171.

In today's trade, All the Asian indices trading higher. At the time of writing this report SGX Nifty trading higher by 44 points.

Indian markets

On the day when global indices turned positive, Indian market seen higher opening in Dalal Street and may remain positive.

Among the local indices, the Nifty could test the 4950-5000 range on the up side, while on the down side it could find support at 4850 and 4800. While the Sensex is likely to get support at 16200 and may face resistance at 16600.

Indian ADR's

Among the Indian ADRs trading on the US bourses, all the ADRs closed higher. Tata Motors surged the most with gain of 6.97% followed by Wipro that advanced 6.60%.

Commodity cues

In the commodity space, wherein the Crude oil prices recorded marginal fain, with the Nymex light crude oil for March series rose by $0.55 to settle at $74.98 a barrel.

In the metals space, Comex Gold for March series rise by $21.50 to settle at $1105.30 to a troy ounce.

In the metals space, Comex Silver for March series rise by $0.46 to settle at $16.65 to a troy ounce.

Daily trend of FII/MF investment in equities

On February 01, 2010, FIIs were the net buyers of the Indian Stocks in the tune of Rs197.50 crore (with the gross purchase of Rs3940.00 crore and gross sales of Rs3742.60 crore).

While the Domestic mutual funds, on January 29, 2010, were the net buyers of the stocks in the tune of Rs636.20 crore (with gross purchase of Rs1329.60 crore and gross sales of Rs693.40 crore).