Markets may open on a subdued note

The start looks quiet on the back of mixed global cues. Many market players may stay away for year-end holidays.

Headlines for the day

Tata Power to acquire BP's 51% stake in solar joint venture

Jet Airways chief Goyal denies tax evasion

SBI-Airtel JV for financial services falls through

Hero MotoCorp to launch its own bikes ahead of schedule

Adani Power puts 6,500 MW expansion plan on hold

Infosys BPO to expand in China

India Inc to go slow on hiring in 2012



Indian indices

The start looks quiet on the back of mixed global cues. Many market players may stay away for year-end holidays.

Many investors may be wanting to bring their positions to neutral ahead of the new year's holiday. There are also concerns over rising Italian bond yields, light liquidity and it very difficult to predict what could potentially happen at Italy's bond auction later in the week.

Daily trend of FII/MF investment in equities

The FIIs have purchased Indian stocks worth a net of Rs153.70 crore on December 27, 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 indices

The European shares steadied on Tuesday (December 27, 2011) in low volume after strong gains in the previous week, with Italian banking stocks hit after the country's bond yields rose on worries thin liquidity would make a sovereign debt auction in Italy on Thursday tough. FTSE 100 was closed.

The US stocks ended flat on Tuesday after fluctuating between small gains and losses in a light-volume session, as investors took a breather following a 5 percent rally last week.

The Asian indices were trading in the red zone on Wednesday (December 28, 2011). SGX Nifty was trading 29 points down.

Commodity cues

US Crude Oil rose for a sixth straight session on Tuesday as Iran's threat to stop oil moving through the Strait of Hormuz added to concerns about potential threats to supplies from the region.