Markets may open in green

The Indian markets are expected to see some green in the opening trade on supportive global cues.

Headlines for the day:

Maruti ramps up Swift production

Job growth to slow down in non-IT sectors

Omaxe scraps Rs80,000-cr housing project



Events for the day

New Listing: PG Electroplast

Results: KS Oils

Ex-date for stock split of Tata Power Co.

Ex-date for bonus issue of Entegra

For more events.. Click here

Indian indices

The global picture looks good today on talks that the European Central Bank will reintroduce its 12-month liquidity operations to help banks with longer-term fund-raising and to reduce jitters in the markets. After a drastic fall seen in the previous week, the Indian markets are likely to start the new week in green on supportive global cues.

Markets may remain volatile due to global developments and derivatives expiry for the month of September. The market trend will be determined by global cues till debt crisis in US and euro zone is resolved. The depreciating rupee has also added to investor woes. The overall mood remains cautious.

New listing: Electronic manufacturing services provider, PG Electroplast, is going to list its equity shares on exchanges today. The company has fixed issue price at higher end of price band of Rs190-210 a share. It has raised Rs120.65 crore through the issue. The issue, which opened during September 7-12 for subscription, was subscribed 1.34 times.

Daily trend of FII/MF investment in equities

The FIIs have sold Indian shares to the tune of Rs1,234.60 crore on September 23, 2011. The DIIs have bought Indian shares worth a net of Rs216.10 crore on September 21, 2011. The data is as per SEBI website.

Global signals

The European stock markets finished higher on Friday (September 23, 2011), with banking stocks leading the gains as committed comments from policy makers to maintain financial stability offset worries about Greece's debt turmoil.

The US stocks edged higher on Friday on talk that the European Central Bank could add liquidity to stabilize the region's banking system, but continued fears about a global recession kept markets choppy.

The Asian stock markets were mostly lower on Monday amid persistent worries about the global growth outlook and the euro-zone debt crisis. SGX Nifty was trading 7 points higher.

Commodity cues

Crude oil fell to six-week lows on Friday, as fresh concerns about the euro zone added to the economic gloom that knocked as much as 9% off prices this week.