Markets may fall at start

The Indian markets are likely to start lower inline with negative global cues as optimism was dashed by another delay in cementing a crucial bailout for stricken Greece.

Headlines for the day
Marico buys personal care business from Reckitt
Coal India to sign FSAs with pvt power cos by Mar 31
Telenor, Unitech brace for fresh legal battle
Wyeth slaps $960-mn damage suit on Sun Pharma
Oil cos cut jet fuel prices by Rs 350 a kl
Tata Motors launches Sumo Gold



Events for the day
Ex-date for final dividend of Mphasis
Ex-date for interim dividend of Bajaj Corp, CONCOR, Engineers India, SAIL, Sun TV Network
Camlin Fine Sciences, Symphony board to consider stock split
Results: Glaxosmithkline Pharma, REC, Thomas Cook, Transcorp International

Indian indices
Fresh concerns over the second bailout package for Greece disturbed global sentiment. Reports that euro-zone finance officials were looking to delay the second Greek bailout until after the country's April elections raised concerns about the country's ability to secure the much-needed bailout and underscored the need for a longer-term solution.
After yesterday’s big rally, the Indian markets may fall today at start inline with negative global cues. Profit booking may emerge on Greek caution.

Daily trend of FII/MF investment in equities
The FIIs have been net buyers of the Indian stocks to the tune of Rs1146.70 crore on February 14, 2012. The domestic investors have purchased Indian stocks worth a net of Rs52.30 crore on February 14, 2012. The data is as per SEBI website.
Global indices
The European shares ended off session highs on Wednesday (February 15, 2012) in thin trade, as investors pared gains on a report euro zone officials were considering delaying the second Greek bailout until after the country holds elections in April.
The US stocks fell on Wednesday for the third session in four, with market direction largely dictated by the swings in shares of Apple, the largest company in the world.
The Asian shares were trading lower on Thursday (February 16, 2012) as Greek bailout delay dampens mood. SGX Nifty was trading 18 points down.
Commodity cues
US Crude Oil rose on Wednesday as fears of supply disruptions from Iran and other producers in the Middle East and Africa outweighed worries about the global economy.