Markets expect a gap-up opening

Headlines for the day:

Nirma, Binani look to delist shares

Fortis Healthcare owners to buy Hong Kong business

Cairn Energy hopeful of closing Vedanta deal soon



Events for the day:

Major corporate action

Gallantt Ispat to be listed today
Results: Indusind Bank, Sintex Industries
For more events and news, log on to Sharekhan.com

Pre-market report

Indian indices

After falling in the previous week, the domestic markets are expected to bounce back and begin the new week on a healthy note, as global markets rally.

With the global support and strong foreign institutional investors (FIIs) inflows, the domestic markets may remain upbeat. The second quarter results season will start from today, with Indusind Bank and Sintex Industries declaring their Q2 numbers.

There is a new listing on the bourses today, Gallantt Ispat, with an issue price of Rs50.

Daily trend of FII/MF investment in equities

The FIIs have bought Indian shares worth a net of Rs1,700.80 crore on October 08, 2010, more than Rs2,285.40 crore on October 07, 2010. The domestic investors have sold the Indian stocks worth a net of Rs640.20 crore on October 07, 2010.

Global signals

The European stocks ended mostly unchanged on Friday (October 08, 2010) as worries over a surprise drop in the US monthly payrolls data were offset by mounting expectations that the Federal Reserve will take further steps to support the economy.

The Dow closed above the 11000 mark for the first time in five months on Friday, as a surprisingly weak jobs report strengthened the case for more stimulus from the Federal Reserve.

The Asian markets were trading higher, following the Wall Street gains. SGX Nifty was trading 44.5 points higher, indicating to have a strong start on the Indian bourses. China's Nikkei is shut for public holiday.

Commodity cues

Crude oil futures prices rebounded on Friday to settle higher, lifted by weakness in the dollar, as the crude oil futures for November delivery rose by $1.21, to settle at $82.66 a barrel.