Markets to open on a firm note

Headlines for the day:

Telcos reject Trai's tariff plan

Bhushan Power & Steel eyes London IPO

IRDA likely to set uniform norms for health cover



Events for the day:

Major corporate action

RPP Infra Projects to be listed today
For more events and news, log on to Sharekhan.com

Pre-market report

Indian indices

Market outlook is stable as compared to the previous week. The markets are expected to extend its recent gains in today' session and start the session on a firm note in line with the global peers.

Recent economic reports from across the globe are a bit mixed although data from the domestic front have been fairly encouraging. The market trend may remain cautious and likely to move sideways for a better part of the coming week

Equity shares of RPP Infra Projects will list today on exchanges. The issue price was fixed at Rs75 a share, at higher end of price band of Rs68-75 a share.

Daily trend of FII/MF investment in equities

The FIIs have bought Indian stocks worth a net of Rs463.40 crore on December 03, 2010 as against net buy of Rs446.40 crore on December 02, 2010. The domestic investors have bought Indian shares worth a net of Rs228.70 crore on December 01, 2010.

Global signals

European shares ended marginally lower on Friday after a weaker-than-expected US jobs report, although strong US service sector figures helped to pare losses.

US stocks closed their best week in a month on Friday, shrugging off tepid jobs growth in a sign that the rally may have further to run.

Asian markets were trading mixed on Monday as disappointing US jobs report dampened regional sentiment. SGX Nifty was trading 27.5 points higher, indicating to have a positive start on the Indian markets.

Commodity cues

Crude oil futures for January 2011 rose to a 25-month high on Friday, up by $1.19 to settle at $89.19 a barrel.