Markets may continue negative trend; eyes on F&O expiry

The Indian markets are expected to open on a negative note due to negative global cues. Headlines for the day: L&T upbeat on nuclear power plant component exports SBI may get Rs 7,900cr govt infusion on Thursday Vijay Mallya may sell United Breweries stake to save Kingfisher Airlines Sun Pharma recalls 1,55,000 eye solution bottles ACC to invest Rs 3,330 cr on expansion plan by 2015 Events for the day : MT Educare IPO closes today F&O Expiry for the month of March Indian Indices: The Indian markets may continue yesterday’s negative trend on negative global cues. SGX nifty is down by 55 points. Volatility might be seen in today’s trade due to f&o expiry. Yesterday (March 28, 2012), the Sensex fell 135 points to close at 17121 and the Nifty declined at 5194.75, up by 48 points. Data from the US markets also came below expected forecast. US manufactured goods rose 2.2% in February, falling short of a consensus forecast for a 3% gain. Daily trend of FII/MF investment in equities: The FIIs have been net buyers of the Indian stocks to the tune of Rs78.90 crore on March 28, 2012. The domestic investors bought Indian shares worth a net of Rs152.10 crore on March 27, 2012. The data is as per the SEBI website. Global Indices: The Asian shares eased for a second day in a row on Thursday (March 29, 2012), as investors limited their risk exposures on concerns about growth prospects in the world's two largest economies, the United States and China. The European equity markets fell on Wednesday (March 28, 2012) as the boost given by speculation over further Federal Reserve monetary easing faded and investors became jittery once again about Spain's finances The US stocks declined on Wednesday as sliding oil and metals prices gave investors a reason to sell commodity-related shares. Commodity cues: Crude-oil futures fell on Wednesday, hit by a surprise build in US oil inventories and the renewed potential for a strategic oil reserve release