Flat start on the cards

It is likely to be a flat opening tracking quiet Asian indices. With not much news to trade on, the markets are expected to remain rangebound and volatile.

Headlines for the day:

Bharati Shipyard approves Rs2,854-cr CDR plan
SAIL, Kobe to sign pact for Bengal plant on Dec 28

Suzlon promoters pledge 1.68% stake

Areva board okays name change to 'Alstom T&D India'

RBI to issue Rs500 note with Re symbol

PNB raises NRE deposit rates to 9.25%

Events for the day

Ex-date for dividend of Tricom India



Indian indices

The Indian markets may depend on Asian cues for direction as the US and European markets were shut on Monday due to Christmas holidays. It is likely to be a flat opening tracking quiet Asian indices.

Trading may remain light as investors will prefer to stay on the sidelines during the year-end holiday season watching for developments in the euro zone debt crisis. With not much news to trade on, the markets are expected to remain rangebound and volatile.

Daily trend of FII/MF investment in equities

The FIIs have been net sellers of the Indian stocks to the tune of Rs272.00 crore on December 26, 2011. The domestic investors have purchased Indian stocks worth a net of Rs201.60 crore on December 21, 2011. The data is as per SEBI website.

Global signals

The US and European stock markets were closed on Monday (December 26, 2011) for extended Christmas holidays.

The Asian stock markets fell on Tuesday (December 27, 2011), though trading was expected to be light with many global markets closed overnight for extended Christmas holidays. SGX Nifty was trading 13 points lower.

Commodity cues

US Crude Oil prices rose for a fifth straight day on Friday, on concerns about potential supply disruptions in Iran and Iraq and recent signs of a strengthening US economy.