Markets may open higher inline with global peers

The Indian markets may open on a positive note inline with positive global peers and SGX Nifty trading 73.95 points higher. Headlines for the day SpiceJet seeks DGFT permission for importing ATF. RBI relaxes overseas direct investment norms. Piramal Healthcare to change name to Piramal Enterprises. Now, firms need RBI nod to operate foreign currency a/c abroad. 2G case: SC to take up review petition on licence cancellation. RBI relaxes overseas direct investment norms. Auto LPG prices up by Rs6 per litre. Events for the day Ex-date for 2nd interim dividend of Gateway Distriparks. Ex-date for dividend of Honeywell Automation India. Indian Indices: The sentiment across the globe was boosted by data showing that the manufacturing sector in United States was in better shape than expected. The manufacturing sector surged to 53.4% in March from 52.4% in February. After yesterday’s volatile market, the markets may bounce back led by strong manufacturing data from the United States and on account of SGX Nifty trading 73.95 points higher. Boosted by strong US manufacturing data, the investors would see a buying opportunity in today’s markets. On Monday (April 02, 2012), Sensex closed the session at 17478, up by 74 points and the nifty settled at 5318, rose by 22 points. Daily trend of FII/MF investment in equities The FIIs have been net sellers of the Indian stocks to the tune of Rs1299.40 crore on March 29, 2012. The domestic investors bought Indian shares worth a net of Rs7.10 crore on March 29, 2012. The data is as per the SEBI website. Global Indices: Asian stock markets advanced on Tuesday (April 3, 2012), on the back of strong manufacturing data from the United States. In the US, the manufacturing sector surged to 53.4% in March from 52.4% in February. European shares recorded their biggest daily gain in three weeks on Monday, led by good manufacturing data from the United States and China. US stocks rose to multiyear highs on Monday after a solid reading on domestic manufacturing. Commodity cues: Crude oil rose on Monday, on account of positive US economic data on manufacturing sector activity.