Indian Indices may open firm

Headlines for the day

Areva awarded switchyard contract of 1,000 Mw—Business Standard

NMDC FPO gets poor response on day one—Business Standard

M&M eyes Sonalika's car & tractor biz—DNA Money

Events for the day

Major corporate action

Ex-date for interim dividend of DB Corp

Ex-date for final dividend of Helios & Matheson Information Technology

Ex-date for stock split from Rs10/- to Re1/- of India Securities

IL&FS Transportation Networks IPO opens today

Pradip Overseas IPO opens today

Listing of Man Infraconstruction

Pre-market report

Global signals

The European stocks closed higher on Wednesday, March 10, 2010 after the two straight sessions of losses, with banks rallying and oil majors supported by firmer crude prices.

The Wall Street too closed higher on Wednesday as banks and technology shares gained.

In today's trade, all the Asian indices are trading in the positive territory. At the time of writing this report, SGX Nifty was trading 6.50 points higher.

Indian markets

The domestic indices are expected to open higher following positive signals from the global markets. The market sentiment remains positive, until the Nifty holds the 5100 level. However, the investors are expected to be cautious, if Nifty slip from 5100 level.

Commodity cues

In the commodity space, the Crude oil prices recorded losses for the third straight session, with the Nymex light crude oil for the April series down by $0.36 per barrel, whereas in the metals space, the Comex Gold for the April series and the Comex Silver for the May series was down by $14.10 and $0.03 to a troy ounce respectively.

Daily trend of FII/MF investment in equities

On March 10, 2010, FIIs were the net buyers of the Indian Stocks to the tune of Rs1770.20 crore, whereas the Domestic mutual funds, on March 08, 2010, were the net sellers of the stocks to the tune of Rs200.60 crore.