Markets may open in green

Markets are set to start the new month in the green tracking marginally higher Asian indices. Auto and cement shares will hog the limelight

Headlines for the day

Infosys to invest Rs600 cr in Indore facility

Oil PSUs cut ATF prices by over 3%

Fin Min unveils comparative sovereign ratings index

RBI to buy govt securities worth Rs10K cr

SBI, rivals seek funds from strapped govt

DoT issues notices to 5 telcos for under-reporting revenue




Events for the day:

Import & Export data

Monthly auto sales & cement dispatches figures

Results: Ashok Leyland, Uco Bank, Satyam, RCF

Indian indices

On the first trading session of February 2012, the Indian markets may begin the trade in the green on the back of marginally higher Asian indices.

Auto and cement shares will remain in focus as their companies will release auto sales and cement dispatches numbers from today. India’s import and export data will also be eyed. Volatility may persist in today’s trade, with earnings in focus.

Daily trend of FII/MF investment in equities

The FIIs have been net sellers of the Indian stocks to the tune of Rs79.60 crore on January 30, 2012. The domestic investors have sold Indian stocks worth a net of Rs330.90 crore on January 30, 2012. The data is as per SEBI website.

Global signals

The European share prices surged on Tuesday (January 31, 2012), on renewed hopes for a Greek debt deal and after euro zone leaders agreed to a German-led deal on stricter budget controls.

The US stocks closed near the flat line on Tuesday after the release of data showing continuing weakness in home prices and slumping consumer confidence.

The Asian stock markets eased on Wednesday (February 01, 2012), as weaker US data damped down recent optimism that the world's largest economy may escape the gloom from the euro zone debt crisis, putting investors on guard ahead of upcoming manufacturing surveys. SGX Nifty was trading 12 points lower.

Commodity cues

US crude oil ended lower on Tuesday on some weak US economic data and a strengthening dollar.