Flat to negative start likely on global cues

The markets may see a flat to negative start in today's session. European officials agreed to strengthen a bailout fund and seek more aid from the IMF to lend to troubled economies.

Headlines for the day

ONGC investing Rs25,000 cr in 11 projects

Axis Bank to raise Rs1,500 crore from bonds

FDI to improve efficiency of retailers: Fitch

IRDA notifies IPO norms for life insurers

Unitech moves CLB seeking observer for Uninor's AGM



Events for the day

Results: DCM Financial Services, JHS Svendgaard Laboratories

Indian indices

Indian markets are likely to witness a flat to negative start tracking negative global cues in todays trade. Indian markets witnessed a rally yesterday as the new president of the European Central Bank signalled that the bank was ready to act more aggressively to fight Europe's debt crisis. On the last day of the week, the Indian markets may have a flat to negative start, with investors focusing on whether the benchmark can hold above its 25-day moving average ahead of crucial US employment data due later in the day.

Daily trend of FII/MF investment in equities

The FIIs have purchased Indian stocks to the tune of Rs139.80 crore on December 01, 2011. The domestic investors sold Indian shares worth a net of Rs306.80 crore on November 30, 2011. The data is as per the SEBI website

Global signals

The European equities slipped in choppy trade on Thursday (December 01, 2011), as a key index failed to break an important resistance level and weak macro economic data prompted profit taking after sharp gains in the previous session.

US stocks traded mixed on Thursday, (Nas investors digested a flood of economic data a day after a huge rally sparked by coordinated central bank action against the eurozone crisis.

The Asian stock markets slipped on Friday (December 02, 2011), with investors focusing on whether the benchmark can hold above its 25-day moving average ahead of crucial US employment data due later in the day. SGX Nifty was trading 7 points lower.

Commodity cues

US crude oil prices skidded on Thursday as signs of further economic slowdown in Europe and a weaker factory sector in China outweighed better-than-expected U.S. manufacturing data.