Markets may see a +ve start on hopes of Europe crisis plan

Indian markets are likely to see a positive start on hopes of Europe coming up with a plan to contain its debt crisis and recapitalise its banks.

Headlines for the day:

G-20 commitment on info exchange important achievement: Pranab.

Moser Baer workers go on strike.

Federal Bank eyes I-banking, equity broking foray.

Reliance Infrastructure to train 1 lakh students under 'YES' programme.

SAIL plans to set up rail coach factory in Bengal.

Fin Min for white-level ATMs to boost banking access.



Events for the day

New Listing: Onelife Capital Advisors

Results: HDFC, Ing Vysya Bank, Mahindra Lifespace Developers, TCS, Zee Entertainment Enterprises

Indian Indices

Indian markets may begin a new week on a positive note tracking global cues. The markets are expected to trade in green on the back of better US retail sales data as well as on hopes of Europe coming up with a plan to contain its debt crisis and recapitalise its banks.

Markets will also eye Q2 results of HDFC, Ing Vysya Bank, Mahindra Lifespace Developers, TCS and Zee Entertainment Enterprises, which are going to be announced today.

On Saturday (October 15, 2011), Reliance Industries Limited (RIL) posted good Q2 results. The company’s net profit advanced by 15.84% to Rs5703 crore for the quarter ended September 3, 2011 as compared to Rs4923 crore for the quarter ended September 30, 2010.

Looking back, markets ended in green with Sensex gaining 5% last week as sentiment was lifted by the rise in global markets and robust earnings from Infosys.

Daily trend of FII/MF investment in equities

The FIIs have purchased Indian stocks to the tune of Rs665.80 crore on October 14, 2011. The domestic investors sold Indian shares worth a net of Rs82.00 crore on October 13, 2011. The data is as per the SEBI website.

Global signals

The European shares surged on Friday (October 14, 2011) following better-than-expected retail-sales data in the U.S. G-20 finance ministers gathered in France to discuss a comprehensive plan to tackle the region's simmering sovereign debt crisis.

US stocks erased losses and closed in positive territory on Friday (October 13, 2011), on strong Google earnings and as investors kept riding the optimism for a solution to the euro zone's debt crisis. The retail sales rose 1.1% in September, the biggest gain in seven months.

The Asian stock markets surged on Monday (October 17, 2011), tracking U.S. gains and on expectations that Europe will come up with a plan to contain its debt crisis. SGX Nifty was trading higher by 28.5 points up.

Commodity cues

The US Crude surged on Friday, posting a second straight weekly gain, on lift from stronger-than-expected U.S. retail sales and rising hopes that the euro zone debt crisis would be contained.