Markets may see a flat start on mixed global cues

The Indian markets are expected to open on a flat note owing to mixed global cues. Investors may trade on a cautious note.

Headlines for the day

Jet Airways says complies with all safety norms.

Kingfisher Airlines ( KFA) seeks government help to avoid disruption.

TVS to introduce three products in 2012.

Indian Oil Corporation ( IOC) launches Rural Mobile Healthcare programme.

Moody's upgrades short-term ceiling on foreign currency.



Events for the day

Results: Indag Rubber, Chemfab Alkalis, Nalin Lease Finance, Cals Refineries, Jhaveri Weldflux, ADI Rasayan

Indian indices

The Indian markets may start on a flat to positive note buoyed by optimism about the world's top two economies that is Europe and USA and the relief that France is not facing an imminent debt rating cut.

Indian markets are likely to begin on a flat note tracking mixed global cues. Investors will also eye results that will be announced today, such as Indag Rubber, Chemfab Alkalis, Nalin Lease Finance, Cals Refineries, Jhaveri Weldflux, ADI Rasayan.

Daily trend of FII/MF investment in equities

The FIIs have been net buyers of the Indian stocks to the tune of Rs12.40 crore on January 10, 2012. The domestic investors have purchased Indian stocks worth a net of Rs33.10 crore on January 09, 2012. The data is as per SEBI website.

Global indices

European shares hit one-week high on Tuesday (January 10, 2012), as encouraging comments from some leading U.S. companies and hopes for more policy easing in China gave cyclical stocks a boost, with autos and miners among the top sectoral gainers.

US stocks also closed in green on Tuesday, joining a global stock market rally, as aluminum producer Alcoa Inc. reported quarterly revenue that exceeded market expectations.

The Asian stock markets opened mixed on Wednesday, buoyed by optimism about the world's top two economies and the relief that France is not facing an imminent debt rating cut. On the other hand, euro struggled on concerns over euro zone sovereign funding ahead of key auctions. SGX Nifty was trading 4.50 points higher, indicating a flat to positive opening for the Indian markets.

Commodity cues

Oil prices surged on Tuesday as optimism about U.S. economic growth, anxiety about Iran's nuclear program dispute with the West and unrest in Nigeria overrode concerns about Europe's economy and debt crisis.