Markets may fall at start on ECB comments

Tracking global fall, the Indian markets are likely to start the trade on a negative note.

Headlines for the day

SBI floats joint tender for installing 40000 ATMs

DLF eyes three big-ticket sales in 2012

AI, Kingfisher accounts frozen over service tax non-payment

Dish TV tapping investors for Rs 1,000-cr fund

Hindalco to launch branded doors, windows in January

IPO mop-up plunges 89% to $1.14bn in Jan-Nov




Events for the day

Results: Dhanus Technologies, Hit Kit Global Solutions

Indian indices

Shares fell across the globe after the European Central Bank, while cutting interest rates as expected, stopped short of offering 'bazooka' measures, such as more buying of government bonds. The European Central Bank cut its key interest rates for the second time in two months, cutting the rate for its main refinancing operations by a quarter of a percentage point to 1%.

Tracking global fall, the Indian markets are likely to start the trade on a negative note. Disappointing comments from the European Central Bank may lead to a cautious trade. Doubts among investors that the region's debt crisis will be contained may weigh on the sentiments.

Daily trend of FII/MF investment in equities

The FIIs have been net buyers of the Indian stocks to the tune of Rs79.40 crore on December 08, 2011. The domestic investors have bought Indian stocks worth a net of Rs84.80 crore on December 05, 2011. The data is as per SEBI website.

Global indices

The European stocks fell in volatile trading on Thursday (December 08, 2011), tracking moves by the ECB and comments by politicians ahead of a crucial EU summit called to prevent a collapse of the eurozone.

The Wall Street fell on Thursday after the European Central Bank dashed hopes that policy-makers were preparing a financial 'bazooka' to contain the debt crisis, and Germany rejected some proposals to add power to the euro zone's bailout fund.

The Asian indices dropped on Friday (December 09, 2011) after global shares slumped as steps from the European Central Bank disappointed some investors. SGX Nifty was trading 55 points down, indicating a negative opening for the Indian markets.

Commodity cues

US Crude oil fell on Thursday as disappointing comments from the head of the European Central Bank increased doubts among investors that the region's debt crisis will be contained.