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Friday, March 12, 2010
Indian Indices to open higher; IIP data eyed
Headlines for the day
Fortis buys 24% in Singapore healthcare giant
Bosch may declare lockout at Bangalore plant, too
Titan launches North India's largest showroom
Events for the day
Major corporate action
Ex-date for dividend of CRISIL, Gujarat Gas, Trend Electronics and Value Industries
NMDC FPO closes today
IIP numbers for January to be out today
Pre-market report
Global signals
European shares ended lower on Thursday, March 11, 2010 after China reported a jump in inflation and also on a dull US economic data, which failed to impress the investors.
On Thursday, the US markets closed higher for the third consecutive day as banking shares gained the most.
In today's trade, Asian indices are trading flat. At the time of writing this report, SGX Nifty trades 10.50 points lower.
Indian markets
The markets are likely to open firm owing to the mixed global cues. As the markets remained lackluster for the three straight sessions, all the investors will be focused on the Industrial Production Data (IIP) scheduled later today, which will set the trend of the markets.
Commodity cues
In the commodity space, the Crude oil prices posted gains after the three day losses, with the Nymex light crude oil for the April series up by $0.06 per barrel, whereas in the metals space, the Comex Gold for the April series remained unchanged and the Comex Silver for the May series was up by $0.15 to a troy ounce respectively.
Daily trend of FII/MF investment in equities
On March 11, 2010, foreign institutional investors (FIIs) were the net buyers of the Indian stocks to the tune of Rs418.20 crore, whereas the domestic mutual funds, on March 09, 2010, were also the net buyers of the stocks to the tune of Rs26.70 crore.