Markets may open in green

After a long-weekend, the Indian markets are set for a positive start following gains in Asia and US

Headlines for the day

Maruti's Manesar workers apply for re-registration of union

ONGC board okays acquisition of ADB stake in Petronet

NTPC to raise capacity to 128,000MW by 2032

TVS Motor to invest in West Bengal plant

Motherson Sumi to seek shareholder nod for QIP



Events for the day

Results: Aban Offshore, ABB, Aurobindo Pharma, Bank of India

Indian indices

Markets have been extremely sensitive to headlines from Europe, with equities changing directions as traders react to any developments in the region.

Volatility may remain in today’s trade owing to developments in the Europe. Today’s opening is expected to be on a positive note tracking gains in Asia and US.

Investors may also focus on another debt-burdened country, Italy and political uncertainty in that region may lead to a cautious trade.

Other companies that will announce results today are Bosch, Godrej Industries, Hindustan Copper, IDFC, Opto Circuits (India), Pidilite Industries, Reliance Infrastructure and Reliance Power.

Daily trend of FII/MF investment in equities

The FIIs have purchased Indian stocks worth a net of Rs77.90 crore on November 04, 2011. The domestic investors have bought Indian shares worth a net of Rs150.60 crore on November 03, 2011. The data is as per the SEBI website.

Global indices

The European stocks fell on Monday (November 07, 2011) in choppy trading driven by political turmoil in debt-laden Italy, where bond yields hit euro-era highs, though equities pared losses on hopes Italian Prime Minister Silvio Berlusconi was about to resign.

The US stocks closed a volatile, lightly traded session slightly higher on Monday, with sentiment continuing to shift with the latest headline from Europe.

The Asian markets were trading higher on Tuesday (November 08, 2011). SGX Nifty was trading 49 points higher, suggesting a positive opening for the Indian markets.

Commodity Cues

Crude Oil prices rose on Monday on elevated concerns about Iran's nuclear program and on hopes that a new Greek government will allow Europe to contain its debt crisis.