Gap-up start likely; RIL nos in focus

The Indian indices are expected to open on a healthy note on account of strong global cues. Reliance Industries' results will be out.

Headlines for the day:

Banks' credit grows 22%, deposits up 16.77% on an annual basis

Yes Bank to raise $500 million to fund biz growth

Tata Power to raise $450 million via bond sale



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.
Muthoot Finance IPO closes today
Results: Reliance Industries, TCS, Jindal Steel, Hindustan Zinc, Coromandel International, Nestle India

Pre-market report

Indian indices

The trading on the Dalal Street is expected to open on a strong note tracking positive global markets. The Indian indices will keenly watch the results of the top-notch companies so as to get some support.

The index heavyweight Reliance Industries carries over 12% weightage in the Sensex. Its results are likely to influence trading sentiments, which is scheduled to be out today.

Weekly inflation numbers will be announced today. Rising crude oil prices may add some pressure to the markets.

Shares of Unitech, DB Realty and ADAG companies will be in focus after a trial court rejected the bails of 5 officials.

Other companies scheduled to report quarterly results today include Tata Consultancy Services, Jindal Steel, Hindustan Zinc, Coromandel International, Nestle India; stocks will be eyed.

Daily trend of FII/MF investment in equities

The FIIs have bought Indian stocks worth a net of Rs2,064.10 crore on April 20, 2011 as compared to the net sell of Rs790.60 crore on April 19, 2011. The domestic investors have bought Indian shares worth a net of Rs88.60 crore on April 19, 2011.

Global signals

The European markets hit a one-week closing high on Wednesday (April 20, 2011) as strong earnings boosted auto and tech shares.

Strong profits and outlooks from tech and manufacturing companies propelled US markets higher on Wednesday, to their best day in a month and lifting the Dow industrials to their highest in almost three years.

The Asian markets were trading higher, cheered by the Wall Street's gains on Wednesday. SGX Nifty was trading 38.5 points up, indicating for a healthy start on the Dalal Street.

Commodity cues

Crude oil prices jumped 2.9% on Wednesday, as US crude oil inventories fell for the first time in seven weeks.