Markets may decline at start as Europe worries resurface

Today’s start is expected to be on a weak note as anxiety about the euro zone's debt crisis resurfaced. Rating agency warnings will bring down markets.

Headlines for the day:

Unitech puts on hold demerger of infra biz

IDFC sells 25% in MF biz to Natixis Global

IOC tops Fortune India 500 list, RIL at second spot

Cabinet to discuss draft Food Security Bill today

Maruti cars to cost more from January




Events for the day:

Ex-date for scheme of arrangement of Maestros Mediline Systems

Indian indices

Renewed worries about the strength of measures adopted by European leaders to fight the debt crisis have again disturbed global sentiments. Although there were hopes that Europe would stabilize after the summit last week, there is fresh uncertainty as Moody's, Standard & Poor's and Fitch have all warned on Europe.

The start looks weak today as possible mass downgrade of euro zone nations led to sharp falls in commodities and global markets. Europe will remain in focus and investors may trade cautiously. Also, rupee has fallen to all-time low of 52.84 per dollar is a major concern for the markets.

Daily trend of FII/MF investment in equities

The FIIs have been net sellers of the Indian stocks to the tune of Rs292.20 crore on December 12, 2011. The domestic investors have sold Indian stocks worth a net of Rs201.60 crore on December 09, 2011. The data is as per SEBI website.

Global signals

The European shares markets slipped on Monday (December 12, 2011), as the rally sparked by Friday's progress at the summit of European Union leaders proved to be short-lived and market participants examined the implications of the latest measures by policymakers to address the region' debt crisis.

The US stocks tumbled on Monday, as concerns about Europe returned to the forefront after major credit ratings agencies warned that European leaders had not done enough to tackle the region's debt crisis.

The Asian stocks sank on Tuesday (December 13, 2011), as investors took fright at the prospect of mass euro zone sovereign ratings downgrades after the outcome of a 'last chance' European Union summit failed to convince markets. SGX Nifty was down 40 points down, indicating a weak opening for the Indian markets.

Commodity cues

The US Crude Oil prices slid alongwith global stock indices on Monday with Europe's economic stability again under intense scrutiny.