Sensex may see a flat opening

Headlines for the day:

R-Infra share buyback to start from April 5

Liquor prices to rise 20% on material costs, excise duty

New Bill to cover all MFIs



Events for the day:

Major corporate action

Ex-date for dividend & special dividend of ACC
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Pre-market report

Indian indices

The Indian markets have gone up too sharply in the five trading sessions. However, today investors may turn a bit cautious with uncertainty running high due to Middle East unrest and a nuclear crisis in quake-hit Japan. Coming quarter earnings of the companies may get impacted because of all theses notable issues will disturb market sentiments.

Global cues look unsupportive today, which may lead to a flat start for the Indian markets. The key indices are expected to trade sideways with no positive triggers.

Daily trend of FII/MF investment in equities

The FIIs have significantly purchased Indian shares to the tune of Rs1,518 crore on March 28, 2011. The local investors have bought Indian shares worth a net of Rs79.20 crore on March 25, 2011.

Global signals

The European shares edged higher on Monday (March 28, 2011), with tech stocks Alcatel-Lucent and Nokia lifting the sector after a ratings upgrade.

The US stocks fell on Monday as the corporate outlook was clouded ahead of earnings and uncertainty continued to creep from abroad, while volume hit its lowest level of the year.

All the Asian indices were trading with modest losses except Kospi as nuclear worries weigh. SGX Nifty was trading 5 points down.

Commodity cues

The US crude fell on Monday for a third day in the lowest trading volume of the year, as Libyan rebels regained key territory and redoubled efforts to resume oil exports from the OPEC country.