Indian stocks signal firm opening on D-street ahead of RBI policy

The Indian markets may open on a positive note led by positive Asian cues. SGX Nifty is trading 65 points higher. Events for the day: Release of RBI mid quarter monetary policy. Headlines for the day: SBI may get Rs 4,000 cr capital support from govt Bhel says coal row won't impact its operations Govt to export 1.75 lakh tonnes fertilisers to Nepal this year' RIL plans low-cost telecom towers costing Rs 1 lakh Indian Indices: Today on the first trading day of the week, the Indian stock markets are looking at a slightly higher open on Monday (September 17, 2012) following positive economic news out of the RBI’s mid-quarter policy review which is expected today- although the upside may be capped by profit following solid gains in the previous session. The Indian equities are set to start the trading session in green zone with over all support from Asian, European and US stocks. Investor sentiments may lift up breaking yesterday’s falling trend after a hope coming from Reserve Bank of India for a rate cut. On Friday (September 17, 2012), the Se nsex settled at 18464.27, up by 443 points while the Nifty closed at 5577.65, up by 142 points. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers Indian stocks to the tune of Rs407.60 crore on September 13, 2012. The domestic investors sold Indian shares worth a net of Rs153.30 crore on September 11, 2012. The data is as per the SEBI website. Global Indices: Asian stocks held steady on Monday and gold, oil and copper hovered near multi-month highs, after markets rallied late last week on hopes that fresh stimulus measures from the developed world's big central banks will support flagging growth. Stock markets in Malaysia and Japan will be off on holiday on Monday, for Malaysia Day and Respect for the Aged Day, respectively. Both will re-open on Tuesday. The global markets may continue to benefit from the Federal Reserve's announcement Thursday of additional quantitative easing. The major European markets were sharply higher on Friday (September 17, 2012) The US dollar languished near its lowest in seven months, as the aggressive new securities-buying programme announced by the Federal Reserve on Thursday tempted investors back into riskier assets such as equities and commodities. Commodities: Crude Oil fell on Friday.