Markets may see a flat start

The Indian markets are expected to open on a flat note owing to mixed global cues. Investors may trade on a cautious note

Headlines for the day:

Bharti gets 2G, 3G licence to operate in Rwanda

Ranbaxy Laboratories to roll out Lipitor Clone in US on November 30

Maruti to decide on Gujarat plant by October



Events for the day

Ex-date for final dividend of Gitanjali Gems, Phoenix Mills
Ex-date for stock split of Vaarad Ventures

For more events......Click Here

Indian indices

Barack Obama proposed a $447 billion jobs package on Thursday to help boost the US economy, challenging Congress to pass legislation made up largely of tax cuts for workers and businesses. The US Federal Reserve Chief gave a speech that lacked new steps to spur economic growth. So worries over the weakness in the US economy may lead to a cautious trade. The start is expected to be flat tracking mixed global cues.

Daily trend of FII/MF investment in equities

The FIIs have purchased Indian stocks worth a net of Rs374.20 crore on September 08, 2011. The domestic investors have bought Indian shares worth a net of Rs39.10 crore on September 07, 2011. The data is as per the SEBI website.

Global signals

The markets in Europe closed higher on Thursday (September 08, 2011) at the end of a choppy trading session in which the European Central Bank cut its growth forecasts and signaled an end to rate increases, with resource stocks and banks posting some of the strongest gains.

The US stocks closed lower on Thursday after Federal Reserve Chairman Ben Bernanke gave no indications of new stimulus measures to boost the flagging economy in a keenly awaited speech.

The Asian stocks were trading higher on Friday (September 9, 2011) as Chinese consumer prices data soothed fears over inflationary pressures building in the world's No.2 economy, but the mood was cautious after Western central banks failed to offer any fresh stimulus plans.

Commodity cues

Crude oil fell in choppy trading on Thursday following Wall Street lower after the US Federal Reserve Chief gave a speech that lacked new steps to spur economic growth, and as the dollar rose sharply.