Negative start on the cards

Blackstone, Bain may check in at Leelaventure
Irda to give more options for old age
Premium auto makers reconsider India plans
Events for the day:

Major corporate action
Weekly inflation to be announced today, to view the update on this, kindly log on to Sharekhan.com at 12 pm.
Acropetal Technologies will list today
Ex-date for dividend of Bajaj Hindusthan




Pre-market report

Indian indices

Investors across the globe are still concerned about developments in the Middle East and its impact on crude oil prices. This has led to a negative impact on the markets because if oil prices go up then obviously it will strangle economic growth. Today’s start is expected to be in the negative territory mirroring weak global markets. Profit booking may emerge owing to such worries.
Weekly inflation numbers will be announced today. Markets may witness a volatile trade.
Equity shares of Bangalore based IT service provider Acropetal Technologies will be listed on the bourses today. The issue price has fixed at Rs90 a share, at higher end of price band of Rs80-90 a share. The company raised Rs170 crore through issue, which was subscribed 1.28 times.
Daily trend of FII/MF investment in equities

The FIIs have bought Indian stocks worth a net of Rs367.50 crore on March 09, 2011 as against net buy of Rs2.70 crore on March 08, 2011. The domestic investors have purchased Indian shares worth a net of Rs52.50 crore on March 08, 2011 as against net sell of Rs242.50 crore on March 07, 2011.
Global signals

European shares ended lower on Wednesday (March 09, 2011) after fresh Libya violence pushed oil prices higher and fuelled economic growth fears.

A weak outlook from Texas Instruments weighed on the Nasdaq on Wednesday and pushed an index of chip makers below a key technical level in a worrisome sign for the market's six-month uptrend.

All the Asian markets were trading lower tracking weaker US stocks. SGX Nifty was trading 22 points down, indicating a negative start for the domestic markets.

Commodity cues

US crude oil prices fell on Wednesday as a key government report showed US petroleum supplies increased last week.