Flat start on cards; Inflation nos eyed

The Indian equities are set to start on a flat note mirroring subdued Asian markets; the inflation numbers for November will be eyed

Headlines for the day:

RBI to open Rs12,000-crore fund line to tackle liquidity crunch

IRDA plans to set up investor protection fund

DoT starts sending showcause notices to erring telcos



Events for the day:

Major corporate action

Inflation for November to be announced today, to view the update on this, kindly log on to Sharekhan.com at 12 pm.
Ex-date for dividend of Kesar Enterprises
Ex-date for bonus issue of Elgi Equipments

Pre-market report

Indian indices

Even as the Indian markets seem to be on the road to recovery after falling drastically last week, but one may remain cautious as there are no confirmed signs of trend-reversal on the bourses.

Going into today's trade, the start on the Dalal Street is expected to be flat on account of quiet Asian market. The domestic markets are expected to continue its upmove in the initial trade until any uncertainty breaks the trend.

All eyes will be on the monthly inflation readings, which are going to be announced later today. Owing to this, the markets are expected to remain volatile.

Daily trend of FII/MF investment in equities

The FIIs have sold Indian stocks worth a net of Rs966.20 crore on December 13, 2010 as compared to the net sell of Rs1,197.10 crore on December 10, 2010. The domestic investors have bought Indian shares worth a net of Rs149.60 crore on December 09, 2010.

Global signals

The European markets rose for a sixth straight day on Monday (December 13, 2010), the longest winning streak in five months, on optimism that China's decision not to raise interest rates boosted miners.

In US, the Nasdaq closed lower to end eight straight days of gains on Monday as some large-cap tech stocks slid in a late-day sell-off. While, the Dow Jones closed higher by 0.16%.

The Asian markets were trading on a subdued note. SGX Nifty was trading 3.5 points lower, indicating to have a flat start on the Indian markets.

Commodity cues

Crude oil prices rose on Monday lifted by strong Chinese economic data. The crude oil futures for January 2011 gained by $0.82, to settle at $88.61 a barrel.