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Monday, March 05, 2012
Markets expect flat opening
Today’s start is likely to be on a flat note on the back of subdued Asian cues
Headlines for the day
Infosys to set up Rs100 crore devt centre in Nagpur
Realtors seek relaxation in FDI, ECB norms
MCX plans post-Holi listing on BSE
LPG transporters to decide on strike today
ACC to add 5 mtpa capacity in next 3 years
HCC yet to decide on debt restructuring, lenders adamant
ICICI, Citi, BoB to form NBFC to fund core sector
Indian indices
The Indian markets may start a new week on a flat note tracking subdued Asian cues. Developments in the euro zone's debt crisis and oil market may remain in focus.
Investors may look for a series of key economic events this week for further direction. Volatility is likely to remain high. Today, the markets may focus on global cues for further course of action.
Daily trend of FII/MF investment in equities
The FIIs have been net buyers of the Indian stocks to the tune of Rs276 crore on March 01, 2012. The domestic investors sold Indian shares worth a net of Rs257.20 crore on March 01, 2012. The data is as per the SEBI website.
Global indices
The European share markets ended flat on Friday (March 02, 2012), limping into the weekend in thin trading volumes, although the effects of this week's injection of cheap money from the European Central Bank buoyed banking stocks and are expected to continue to underpin the market next week.
The US stocks finished slightly lower on Friday after meandering in negative territory for most of the day, with the Dow seeing its first weekly loss in three weeks despite closing above 13000 on Tuesday.
The Asian stocks fell on Monday (March 05, 2012), as investors awaited a slew of key events later in the week. SGX Nifty was trading 15 points lower.
Commodity cues
Crude oil slipped on Friday as fears eased of a supply disruption from Saudi Arabia. Gold rose while silver fell on Friday.