Flat-to-negative start likely

Headlines for the day:

Sebi tightens norms for FIIs

Triveni shuts down rural retail biz

Godrej eyes 5 % market share in TV segment

Events for the day:

Major corporate action

Goenka Diamond and Jewels will list today
Ex-date for dividend of Fulford India and Paper Products
Results: Crisil, Indusind Bank
For more events, log on to Sharekhan.com

Pre-market report

Global signals

The European stock market edged higher on Thursday as investors weighed fresh moves in the Greek debt crisis against mixed US economic data and very strong Chinese growth figures.

The US stocks closed higher on Thursday as market players batted off concerns about Greece' debt woes and an unexpected rise in US jobless claims.

In today's trade, the Asian markets were trading on a negative note. At the time of writing this report, SGX Nifty was trading 23 points lower.

Indian markets

The domestic market surged for the past consecutive nine weeks, may take a breather and discontinue their winning streak, as the market in the last three trading sessions of this holiday shorten week has fallen by almost 300 points. However, the Indian indices may have a flat to negative start owing to the weak global cues. The stocks like Crisil and Indusind Bank will be eyed, as its FY10 March quarter results will be declared today.

Commodity cues

In the commodity space, the crude oil prices reported loss, with the Nymex light crude oil for the May series declined by $0.33 per barrel, whereas in the metals space, the Comex Gold for the May series rose by $0.70 and the Comex Silver for the May series was up by $0.02 to a troy ounce respectively.

Daily trend of FII/MF investment in equities

On April 15, 2010, the FIIs were the net buyers of the Indian stocks to the tune of Rs607.30 crore, whereas the domestic mutual funds, on April 09, 2010, were the net sellers of the stocks to the tune of Rs257.90 crore.