Markets may continue negative trend

The Indian markets may begin the trade on a lower note led by negative global peers. SGX Nifty is trading 11 points higher. Events for the day: Ex-date for dividend of JMT Auto. Ex-date for right issue of National Oxygen. Headlines for the day: CCI order may impact small players in cement sector: Fitch. Infosys expands operations in Japan. Striking AI pilots seek PM's intervention. Vijaya Bank opens 171 ultra small branches in one day. IDBI sells 2.3% stake in Parsvnath. Indian Indices: Indian markets may extend yesterday’s losses and may open in a red zone tracking negative global cues. SGX Nifty is trading 11 points higher. On Monday (June 25, 2012), the Sensex closed at 16882, down by 90 points while Nifty settled at 5114, slipping by 31 points. Global Indices: Asian stock markets fell on Tuesday (June 26, 2012) as the investors remained skeptical that the European leaders summit later this week will produce any substantial measures to solve the region's protracted debt crisis. European shares extended losses on Monday (June 25, 2012), with traders citing concerns over Spain's debt problems as the main factor weighing on the markets. US stocks tumbled on Monday as investors saw few reasons to buy equities ahead of the European Union summit this week. Daily trend of FII/MF investment in equities: The FIIs have been the net sellers Indian stocks to the tune of Rs119.20 crore on June 24, 2012. The domestic investors sold Indian shares worth a net of Rs154.60 crore on June 22, 2012. The data is as per the SEBI website. Commodity Cues: Oil slipped on Monday as investor focus turned to a European Union summit later in the week and concerns about a tropical storm brewing in the Gulf of Mexico were cast aside.