Markets to open flat on mixed global cues

The Indian markets are expected to start the first trading session of the week on a flat note led by mixed global cues. SGX Nifty is trading 5.00 points higher. Events for the day: Auro Pharma and GAIL quote interim dividend today. Ambuja Cement is set to announce final dividend today. Sunstar Realty Development IPO opens today Headlines for the day: Etihad needs to revise Jet Airways deal: chairman Cairn India gets nod for drilling on Rajasthan block Airlines capitalise on KFA demise, hike B-class fares by 38% Govt eyes Rs3,500 cr from SAIL disinvestment by March-end Indian Indices: The Indian equities are set begin the first trading session of the week on a flat note tracking mixed global cues. SGX Nifty is also trading 5.00 points higher. From IPO section, Sunstar Realty Development initial public offering opens today. The price band is Rs20 per equity share of face value Rs10 each. On Friday (February 15, 2013), the Se nsex closed at 19468.15, down by 29.03 points while the Nifty settled at 5887.40, falling by 9.55 points. Global Indices: From Asian markets, Japan's Nikkei share average jumped in early trade on Monday, with exporters and banks leading the pack after the yen softened on the G20's decision not to single out Japan for undertaking policies that have weakened its currency. European shares nudged lower on Friday, held back by weak utilities and banks, although some strategists saw technical and other evidence of scope for renewed gains. The S&P 500 dipped in a late decline on Friday as Wal-Mart dropped following a report of a weak start to February sales, though the index just barely extended its streak of weekly gains to seven. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers Indian stocks to the tune of Rs519.90 crore on February 14, 2013. The domestic investors sold Indian shares worth a net of Rs12.20 crore on February 14, 2013.The data is as per the SEBI website. Commodity Cues: Crude increased by 0.2%, to 696 million barrels, which is 9.8% above year-ago levels.