Markets expect a gap-down opening

The Indian indices head towards a lower start tracking losses across the globe. The trend on the Dalal Street is likely to remain volatile.

Headlines for the day:

RIL plans Rs1 lakh crore investment

Thomas Cook open to acquisitions, eyeing growth in small towns

Govt plans new Act to regulate real estate sector



Major corporate action

Bharatiya Global Infomedia IPO opens today
Esaar (India) board to consider stock split
Results: Essar Oil, Sintex Industries, CMC
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Indian indices

Today's opening is likely to be on a weak note owing to the negative global markets due to soft US jobs data and a sharp rise in inflation in China.

The crucial corporate earnings season has begun and investors will closely watch the Q1 June 2011 results for future course. The stock markets may witness high volatility this week as first quarter corporate results roll in amid profit-booking mood at current levels.

Sugar stocks may extend recent gains on market buzz that the government is considering sugar decontrol.

Daily trend of FII/MF investment in equities

The FIIs have bought Indian stocks worth a net of Rs750 crore on July 08, 2011 as compared to the net buy of Rs281 crore on July 07, 2011. The domestic investors have bought Indian shares worth a net of Rs172.3 crore on July 07, 2011. The data is as per SEBI website.

Global signals

The European markets fell sharply on Friday (July 08, 2011) to end the week in the red after a surprising slide in US job creation reignited fears over the pace of growth in the world's largest economy.

The US markets fell on Friday as a weak jobs report dashed optimism that the economy was emerging from a soft patch, leaving investors to hope earnings season would revive an appetite for buying.

The Asian markets were trading lower on Monday (July 11, 2011). SGX Nifty was trading 14 points down, indicating for a negative start on the Indian bourses.

Commodity cues

Crude oil prices ended a strong week on a downbeat note on Friday as a dismal US jobs report cast a pall on the economic outlook.