Markets likely to start in green

The Indian markets may open the trade on a positive note tracking modest gains in the Asian region. Prolonged uncertainty over Greece's debt situation may lead to a cautious trade.

Headlines for the day

RBI asks Manappuram Finance not to accept public deposits

Subex seeks to extend maturity of existing FCCBs

Railways to get Rs 3,000 cr loan from govt

Air India ignores crew alcohol rule abroad

2G auction money may ease fiscal deficit pressure on govt

Reserve Bank puts new clamp on home loans



Results: Cadila Healthcare, GMR Infra, M&M
Indian indices
Today’s opening is expected to be on a positive note tracking modest gains in the Asian region.
Investors may turn cautious today owing to a delay in Greece's response to the painful terms for a new bailout. Profit booking may emerge on the Greek default concerns.
Other earnings in focus today — Opto Circuits (India), United Breweries, JM Financial, Omaxe, Radico, Bajaj Corp and ARSS Infra.
Daily trend of FII/MF investment in equities

The FIIs have been net buyers of the Indian stocks to the tune of Rs974 crore on February 03, 2012. The domestic investors have sold Indian stocks worth a net of Rs389.80 crore on February 03, 2012. The data is as per SEBI website.
Global signals

The European shares dipped on Monday (February 6, 2012) as short-term investors cashed in on recent gains, after worries grew about a messy Greek default, with political leaders in the country still yet to accept the terms of a second bailout.
The US markets broke a three day rally on Monday amidst renewed concerns over the Greek debt talks. The European leaders have been struggling to avoid a Greek default which can cause havoc to the market.
The Asian stock markets eked out modest gains on Tuesday (February 07, 2012). However, Shanghai Composite and Nikkei were down. SGX Nifty was trading 27 points higher.
Commodity cues

The US crude oil fell on Monday after Greece let another deadline pass on accepting terms of a bailout deal, causing the euro to dip and the dollar to rise, moves that soured investors' risk appetite for oil and other commodities.

Events for the day: