Markets set to start strong

Headlines for the day:

Coal India IPO issue price decision today

General Electric gets Rs10,000 crore order from R-Power

RBI wants lock-in period for FDI in hotels, tourism



Events for the day:

Major corporate action

EID Parry to consider stock split
Results: Idea Cellular, Crompton Greaves, Adani Power
For more events and news, log on to Sharekhan.com

Pre-market report

Indian indices

The Indian markets ended the last week with marginal gains in the absence of fresh triggers and slowdown of foreign funds. Although viewing the current Asian market scenario, the Indian markets expect a steady start in today's session as Asian shares are trading firm after global finance leaders vowed at a weekend G-20 meeting to avoid potentially debilitating currency devaluations.

The volatility is expected to heighten in the run-up to the expiry of the October series futures and options contracts on Thursday (October 28, 2010).

The results from Indian firms will be closely eyed, which could trigger sharp moves in their stocks and are expected to help traders gain from specific stock movements.

Daily trend of FII/MF investment in equities

The FIIs have bought Indian stocks worth a net of Rs976.40 crore on October 22, 2010 as against net buy of Rs811.10 crore on October 21, 2010. The domestic investors have bought Indian stocks worth a net of Rs178.60 crore on October 21, 2010.

Global signals

The European markets ended slightly lower on Friday (October 22, 2010) as worries over the outcome of the G20 meeting prompted investors to book some profits, after key indexes hit six-month highs in the previous session.

The US markets capped a third straight week of gains on Friday as encouraging earnings helped the market sustain upward momentum, led by Baidu Inc, the latest tech company to beat estimates.

The major Asian markets were trading with modest gains, with sentiment getting a small boost after the Group of 20 nations agreed on an uneasy truce to defuse currency market tensions. SGX Nifty was trading 19 points higher, suggesting towards a positive start on the Indian Indices.

Commodity cues

Crude oil prices advanced as the dollar weakened, increasing the investment appeal of commodities, as the crude oil futures for December rose by $1.40, to settle at $81.69 a barrel.