Flat start on cards

The domestic markets are expected to begin the session on a flat note, tracking the mixed Asian markets. The weekly inflation numbers are to be released later today

Headlines for the day:

Infosys seeks $500 million acquisition in Japan

GMR Infrastructure to sell InterGen stake by March

Aditya Birla group eyes overseas mines



Events for the day:

Major corporate action

India's weekly inflation to be announced today, to view the update on this, kindly log on to Sharekhan.com at 12 pm.
Sujana Towers board to consider stock split
Results: HDIL, Lanco Infratech, Ranbaxy Laboratories, Bhushan Steel

Pre-market report

Indian indices

It seems that bulls have taken a breather, with the key benchmark indices down this week, mirroring its Asian peers. The domestic markets are expected to have a flat start owing to mixed Asian markets, as the sentiment among the investors turned cautious ahead of Chinese economic data.

Back home, weekly inflation readings are going to be announced later today. Owing to this, the markets are expected to remain volatile. Some of the companies will be reporting their earnings today, which will keep their stocks in focus.

Daily trend of FII/MF investment in equities

The FIIs have bought Indian stocks worth a net of Rs687.70 crore on November 10, 2010 as against net buy of Rs748.60 crore on November 09, 2010. The domestic investors have sold Indian shares worth a net of Rs390.60 crore on November 09, 2010.

Global signals

The European shares fell on Wednesday (November 10, 2010) from two-year highs, with concerns about euro zone debt problems resurfacing and banks dragged down by a sharp drop in Natixis after it missed profit forecasts.

The Wall Street trade on Wednesday closed with small gains, paring early losses as investors weighed ongoing concerns about European sovereign debt and an encouraging drop in US jobless claims.

The Asian markets were mixed and trading in relatively tight ranges. SGX Nifty was trading 12 points lower, indicating towards a flat start on the Indian indices.

Commodity cues

Crude oil prices surged to the highest level in 25 months on Wednesday, rising for the seventh time in eight sessions. The crude oil futures for December rose by $1.26, to settle at $87.81 a barrel.