Markets expect subdued start

The Indian markets may begin the first session of the week on a quiet note. RIL’s disappointing numbers may weigh on sentiments.

Headlines for the day

RBI may go for rate cut in February: Moody's

L&T eyes 10% growth in sales from electrical division

Essar makes foray into Indonesia's coal sector

Wipro to expand in male grooming segment

RIL to develop 4 satellite fields in KG block

Events for the day

Results: GAIL, Idea, L&T, Maruti, Sterlite, Colgate



Indian indices

Today’s opening is likely to be on a quiet note with majority of the Asian markets shut. Indian markets may take cues from the third quarter results of the country's most valued firm, Reliance Industries Ltd ( RIL). The big boy RIL shocked the Street with poor refining margins but buyback announcement may act as cushion for the markets today. The next big trigger for the markets will be RBI's monetary policy review tomorrow.

Other companies scheduled to release quarterly results today — Torrent Pharma, Federal Bank, Kotak Mahindra Bank, Coromandel International, Torrent Pharma, Shree Cement, DB Corp, Vardhman Textiles, Lakshmi Machine, Geometric, Phoenix Mills, Electrosteel Castings, Jyothy Laboratories, Kirloskar Pneumatic and Ashoka Buildcon.

Daily trend of FII/MF investment in equities

The FIIs have been net buyers of the Indian stocks to the tune of Rs697.70 crore on January 20, 2012. The domestic investors have purchased Indian stocks worth a net of Rs9.70 crore on January 19, 2012. The data is as per SEBI website.

Global indices

The European stock markets closed lower on Friday (January 20, 2012) as investors locked in profits, waiting to see whether Greece can finally strike deals to cut its towering debt mountain.

The US stocks closed mixed on Friday on a batch of strong fourth-quarter earnings, especially from Microsoft and IBM, but a disappointment by Google held the Nasdaq index back.

Majority of the Asian markets are shut on Monday (January 23, 2012) on account of the Chinese New Year. Japan's Nikkei edged higher, extending gains for the fifth straight session, although the failure over the weekend of Greece and its private creditors to reach a deal on avoiding a messy default limited its advance. SGX Nifty was up by 30 points.

Commodity cues

US Crude Oil fell on Friday, pressured by economic uncertainty ahead of a possible debt deal in Greece, concerns about China's sluggish manufacturing sector and weak US petroleum demand.