Markets may see a flat opening

The start on the Dalal Street is expected to be flat tracking mixed Asian cues. With the markets being in the oversold territory, it is expected to bounce back a bit

Headlines for the day

Tata Steel set to raise Rs3,500-5,000 crore via FPO

R-Power, NTPC sign solar energy deal

MMTC disinvestment in 2011-12; sets up office in South Africa



Events for the day

Results: Pfizer, Goa Carbons, Wyeth
For more events and news, log on to Sharekhan.com

Indian indices

It seems that dark clouds are hovering above the Indian markets and we cannot wish them away. The Indian markets have fallen sharply and have been the worst performer as compared to its global peers. With just two days to go for the major corporate earnings to start trickling in, the markets clearly look jittery. Another event in the form of the index of industrial production is due on January 12, 2011 a day before Infosys Technologies kicks off Q3 results. The earnings may set the tone for the markets.

Going into today’s trade, the Indian markets are expected to begin the session on a flat note tracking mixed Asian cues. With the markets being in the oversold territory, it is expected to bounce back a bit.

Global indices

The European shares fell sharply on Monday (January 10, 2010), giving back some of the last week's gains, as worries about the euro zone debt crisis once again took centre stage ahead of debt auctions this week.

The US stocks recovered most of their early losses in light volume and ended slightly lower on
Monday as prospects for strong earnings helped counter fears Portugal would be forced into a bailout.

The major Asian markets were trading mixed. SGX Nifty was trading 12.5 points higher, indicating towards a flat start on the Dalal Street.

Daily trend of FII/MF investment in equities

The FIIs have sold Indian stocks worth a net of Rs964.60 crore on January 10, 2011. The domestic investors have purchased Indian shares worth a net of Rs535.30 crore on January 07, 2011.

Commodity cues

The US oil prices rose more than 1% on Monday after a weekend leak shut the Trans Alaska Pipeline and forced producers to cut output to about 5% of their daily average of 630,000 barrels.