Flat start on the cards

Tracking some gains in the Asian region, the Indian markets may begin today’s trade on a flat note.

Headlines for the day:

Redect Consultancy sells 3.25 mn shares in KFA.
Rakesh Jhunjhunwala hikes stake in Viceroy Hotels to 13.4%.
iGate accepts delisting of Patni.
India Inc raises $2.6 bn from overseas markets in Feb.
HC issues contempt notice to Sesa Goa.
Tatra case: CBI examines 3 senior BEML officials.



Indian Indices:

After yesterday’s fall, the Indian markets may see a flat start on the back of mixed global cues. Investors may hunt for beaten down stocks today after panic selling the previous day.

Investors cautiously awaited Chinese trade data to judge whether the world's second largest economy could achieve a soft landing. Volatility in the rupee may also impact sentiment. SGX Nifty is trading 20 points higher.

On Monday (April 09, 2012), Sensex settled at 17222, slipped by 264 points and the Nifty closed at 5234, fell by 89 points.
Global Cues:

Asian shares eased on Tuesday (April 10, 2012), as investors cautiously awaited Chinese trade data to judge whether the world's second largest economy could achieve a soft landing, after a sharp slowdown in US jobs creation clouded prospects for global growth.

European markets were closed on Monday (April 09, 2012), for Easter Monday holiday.

US stocks declined on Monday after a much weaker-than-expected report on March US job creation last week.
Daily trend of FII/MF investment in equities:

The FIIs have been net buyers of the Indian stocks to the tune of Rs134.40 crore on April 08, 2012. The domestic investors sold Indian shares worth a net of Rs45.00 crore on April 04, 2012. The data is as per the SEBI website.
Commodity Cues:

Oil prices slipped on Monday as revived talks on Iran's nuclear program eased fears of supply disruption and as data showing slower US jobs growth in March sparked concern about demand for fuel.