Markets may see a positive opening

The Indian markets are likely to resume the trade in the green tracking positive Asian cues. Gail, Petronet, Cadila Healthcare, etc will declare quarterly results

Headlines for the day:

Govt may delay SAIL FPO to change bankers

LIC halts negotiated stock deals for greater transparency

RBI `desperate' to rein in inflation surge



Events for the day:

Major corporate action

Ex-date for dividend of Siemens
Results: Gail, Petronet, Cadila Healthcare
For more events and news, log on to Sharekhan.com

Pre-market report

Indian indices

The trading on the Dalal Street is expected to resume in the green tracking positive Asian markets. The Indian markets are likely to remain subdued as they will have to depend only on Asian cues, with the US markets closed due to holiday.

After muted performance by IT bellwether Infosys, the country's largest software firm Tata Consultancy Services (TCS) has cheered market observers by posting 29.93% jump in consolidated net profit to Rs2,369.83 crore for Q3FY11 as against Rs1,823.90 crore in the same period last fiscal. TCS has outperformed market expectations and the stock is expected to do well and also improve the market sentiments.

The other major companies declaring third quarter results are GAIL, Petronet LNG, Cadila Healthcare, Container Corporation of India, Bajaj Finserv, Exide Industries and Opto Circuits.

Daily trend of FII/MF investment in equities

The FIIs have sold Indian stocks worth a net of Rs694.50 crore on January 17, 2011 as compared to the net sell of Rs112.50 crore on January 14, 2011. The domestic investors have sold Indian shares worth a net of Rs92 crore on January 13, 2011.

Global signals

European shares edged up on Monday (January 17, 2011), with gains in healthcare stocks just offsetting weak banks in cautious trade ahead of a meeting of finance ministers to discuss changes to euro zone's rescue fund.

The US markets were shut on Monday due to the Martin Luther King US public holiday.

The Asian markets were trading higher except Shanghai Composite. SGX Nifty was trading 10.5 points higher, suggesting for a positive start on the Indian bourses.

Commodity cues

Crude oil slipped on Monday after the dollar strengthened and a major Alaskan oil pipeline resumed full operations after more than a week. Crude for February delivery dipped by $0.62, to settle at $90.92 a barrel