Bulls may slow down

Headlines for the day

Essar Energy plans London listing to raise $3 billion - Business Standard

L&T targets 5,000 mw by 2015 - DNA Money

Events for the day

Major corporate action

Ex-date for Bonus Issue of Sterlite Technologies Ltd. in the ratio of 1:1

Ex-date for Stock Split from Rs5/- to Rs2/- of Sterlite Technologies Ltd.

Ex-date for Stock Split from Rs10/- to Rs2/- of Atco Corporation Ltd.

Pre-market report

Global signals

European stocks closed lower on Monday, with chemicals weaker and drugmakers down after AstraZeneca's cancer drug failed in trials, offsetting gains in oils and telecommunication firms.

US stocks closed flat on Monday, led by BlackBerry maker Research in Motion and Cisco Systems.

In today's trade, all the Asian indices are trading in red. At the time of writing of this report SGX Nifty trades 5.50 points higher.

Indian markets

Domestic markets expected to open flat on the back of mixed signals that are coming from the global markets. As Nifty and Sensex continues to remain on the strong position in 5000 and 17000 mark respectively. Markets trend to remain positive, but investors to be cautious at higher levels.

Commodity cues

In the commodity space, the Crude oil prices recorded loss after the three straight session gains, with the Nymex light crude oil for April series down by $0.35 per barrel, whereas in the metals space, Comex Gold for April series and Comex Silver for May series declined by $10.70 and $0.11 to a troy ounce respectively.

Daily trend of FII/MF investment in equities

On March 05, 2010, FIIs were the net buyers of the Indian Stocks in the tune of Rs692.20, whereas the Domestic mutual funds, on March 04, 2010, were also the net sellers of the stocks in the tune of Rs351 crore.