Markets may fall at start

Concerns over Europe’s debt crisis is deepening, overshadowing improving economic data in the US. The opening is expected to be in the red zone.

Headlines for the day

SBI classifies its Kingfisher Airlines exposure as NPA

RBI tweaks overseas borrowing norms to aid India Inc

Maruti to develop global products with parent Suzuki

M&M to debut Ssangyong products around Diwali

Tata Motors nixes D-segment plans

SREI to raise Rs 300 cr via tax-saving bonds in first tranche



Events for the day

Ex-date for scheme of arrangement of SE Investments

Indian indices

The euro zone debt crisis dampened sentiment, countering higher expectations for an improving US labour market after recent data signalling a more resilient US economy.

Tracking weak global cues, the Indian markets may start the session on a negative note. Developments in the Europe may continue to impact sentiments.

Daily trend of FII/MF investment in equities

The FIIs have purchased Indian stocks worth a net of Rs257.30 crore on January 05, 2012. The domestic investors have sold Indian stocks worth a net of Rs132.30 crore on January 04, 2012. The data is as per SEBI website.

Global indices

The European shares slid on Thursday (January 05, 2011), with banks the biggest fallers on worries that some of them will have to follow UniCredit and offer deep share price discounts when they recapitalise to shore up ravaged balance sheets.

Banks led Wall Street to gains on Thursday even as Europe struggled again, a sign investors are betting a relatively strong US economy will help US stocks outperform other markets.

The Asian markets were trading lower on Friday (January 6, 2012) as Europe Concern Overshadows US Data. SGX Nifty was trading 22 points lower.

Commodity cues

US crude fell on Thursday as investors took a second look at data showing a surprise build in US stockpiles and the sharp rise in the dollar encouraged traders to jettison riskier assets.