Sensex may open flat; Bulls to take breather

Headlines for the day

StanChart will list in India this year - Business Line

Ranbaxy faces more trouble in US - Business Standard

Bajaj unfazed by Nissan, Ashok Leyland plans - Business Standard

Ansal sees Rs730 crore from two townships- DNA Money

Events for the day

Major corporate action

Ex-date for Interim dividend of Indian Bank

Ex-date for Bonus Issue of Sanraa Media in the ratio of 5:4

Results today: Gujarat Gas

Weekly Inflation to be announced today

Pre-market report

Global signals

European shares closed higher on Wednesday, boosted by U.S. economic data, optimism on Greece's deficit, and with Standard Chartered rising after results.

On Wednesday, US stocks closed marginally lower, as worries about bank regulation and a setback for drug company Pfizer offset signs of improvement in the labor market and services sector.

In today's trade, all the Asian indices are trading in positive territory, except Nikkei and Kospi. At the time of writing of this report SGX Nifty trades 2 points higher.

Indian markets

Indian markets may open flat and bulls are likely to take a pause as mix signals coming from the global markets. As Sensex closed at 17000 level in yesterday’s session, indicating that the market is indeed under the control of the bulls. Market may remain volatile throughout the session.

Commodity cues

In the commodity space, Crude oil prices recorded marginal gain, with the Nymex light crude oil for April series rises by $0.06 per barrel, whereas in the metals space, Comex Gold for April series and Comex Silver for May series up by $6.60 and $0.25 to a troy ounce respectively.

Daily trend of FII/MF investment in equities

On March 03, 2010, FIIs were the net buyers of the Indian Stocks in the tune of Rs1534.70, whereas the Domestic mutual funds, on March 02, 2010, were the net sellers of the stocks in the tune of Rs179.70 crore.