Markets expect a weak opening

The US labour market woes have hit the overall sentiment. Today's opening is likely to be in the red zone tracking negative global cues.

Headlines for the day:

LIC to give 6% annual return on Pension Plus

Firstsource plans to sell US-based MedAssist

Indian IT hiring down 49% in August amid US, Europe crisis

For more news......Click Here

Major corporate action

Brooks Laboratories to list today

Ex-date for dividend of BPCL, Bombay Rayon Fashions

Ex-date for final dividend of Monsanto India, Supreme Industries



Indian indices

The release of weak monthly US employment data fuelled concerns that the recovery in the world's largest economy has halted, raising further fears about a global economic slowdown. The outcome triggered a sell-off across the globe, dampening the sentiment. The Indian markets are expected to begin the new week on a negative note on the back of weak global cues.

In this atmosphere, foreign investors are likely to remain risk-averse and inactive.

New listing: Brooks Laboratories, a pharmaceutical contract research and manufacturing services company, will list its equity shares on exchanges today. The company has fixed the issue price at higher end of price band of Rs90-100 a share.

Daily trend of FII/MF investment in equities

The FIIs have bought Indian stocks worth a net of Rs678.20 crore on September 2, 2011. The domestic investors have bought Indian shares worth a net of Rs266.20 crore on August 30, 2011. The data is as per the SEBI website.

Global signals

The European stocks tumbled on Friday (September 02, 2011) and snapped their four-day rally after data showed US employment growth ground to a halt in August, rekindling fears that the world's largest economy is slipping into recession.

The US stocks tumbled 2% on Friday after data showing zero jobs growth in August brought investors face-to-face with the prospect of another recession.

The Asian stocks fell on Monday (September 05, 2011) as fears of renewed recession in the United States and sustained worries about the euro zone debt crisis prompted investors to sell riskier assets. SGX Nifty was trading 81 points lower, suggesting for a weak opening on the Indian bourses.

Commodity cues

Crude oil fell on Friday as stalled US job growth in August rekindled worries of another will be recession, which would slow fuel demand.