Markets may see a positive opening

Headlines for the day

Air India seeks Rs2,000 crore further equity infusion

NMDC may raise iron ore prices by 3%

Sugar futures trading to restart today



Events for the day

Ravi Kumar Distilleries to list today
Shekhawati Poly-Yarn IPO opens today
Ex-date for dividend of Mediaone Global Entertainment
For more events and news, log on to Sharekhan.com

Indian indices

The Indian markets may depend on Asian cues for direction. The US markets being shut on Friday for Christmas may not be able to provide any direction in today’s trade. The Indian may begin the session on a higher note tracking gains across the Asian markets.

Trading volume could get a fillip owing to the derivative settlement but the overall activity may remain sluggish. The global markets may continue to see muted action in the near-term owing to the year-end factor.

Ravi Kumar Distilleries will list on the Indian bourses today.

Daily trend of FII/MF investment in equities

The FIIs have sold Indian shares worth a net of Rs99.90 crore on December 24, 2010. The local investors have purchased Indian shares worth a net Rs361.80 crore on December 21, 2010.

Commodity cues

Oil prices passed the $90 a barrel mark on Wednesday (December 22, 2010) after news that the nation's crude oil supply fell more than expected last week. They settled at about $90.48 a barrel

Global indices

The European shares ticked higher in holiday-thinned business on Friday (December 24, 2010) though were on track to post the best December in a decade and analysts said the market had potential to advance in the remaining days of the year.

The US stocks racked up a fourth straight week of gains on Thursday (December 23, 2010), as investors expected optimism about the economic recovery to support equities through year-end.

The major Asian markets were trading higher. SGX Nifty was trading 5.50 points lower.