Markets expect a negative start as euro zone worries persist

Today’s opening is likely to be on a negative note tracking fall across the globe on concerns euro zone debt crisis could still spin out of control.

Headlines for the day:

M&M to make open offer for Swaraj Automotives

Maruti hikes diesel car prices by Rs 10k

Cairn makes second gas discovery in Sri Lanka

Motilal Oswal launches 10-yr gilt fund



Events for the day

Results: Tech Mahindra

Indian Indices:

Tracking losses in the overseas shares on concerns about rising bond yields in Italy and other euro-zone countries may drag the Indian markets lower in the opening trade. The global worries will keep investors cautious, with lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve their debt crises.

Markets may stick to a narrow range reacting to Italy's high five-year bond yields and a drop in the global equities.

Daily trend of FII/MF investment in equities

The FIIs have purchased Indian stocks worth a net of Rs212.60 crore on November 14, 2011. The domestic investors have sold Indian shares worth a net of Rs176.60 crore on November 09, 2011. The data is as per the SEBI website.

Global signals

The European share prices fell on Monday (November 14, 2011) as low prices in an Italian sovereign bond auction served as a reminder of the credit crunch faced by the country as Rome works to form a new government.

The US stocks fell on Monday as rising bond yields in Italy and other euro-zone countries reminded investors that despite changes in governments, the region's debt crisis could still spin out of control

The Asian shares fell on Tuesday (November 15, 2011), as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve their debt crises and win market confidence. SGX Nifty was trading 21 points lower.

Commodity cues

Crude Oil prices fell on Monday as contracting industrial output in the euro zone highlighted the danger of recession in the region as Europe struggles to contain its sovereign debt crisis.