Positive Asian cues may lift markets at start

The Indian markets are set to begin the first day of the week on a positive note. SGX is Nifty trading 43 points higher. Events for the day: Ex-date for dividend of ITC. Ex-date for final dividend of Rallis India and Torrent Pharmaecuticals. Headlines for the day: JSPL may scrap $2.1 bn Bolivia plan. ONGC starts drilling oil along Assam-Nagaland border area. No diesel price hike for now, says Reddy. Indian Indices: On the first day of week, the Indian markets may resume the trading on a positive note following the uptrend in Asian cues. SGX Nifty is trading 43 points higher. On Friday (June 08, 2012), the Sensex closed at 16718, up by 69 points while Nifty settled at 5068, rising by 18 points. Global Indices: Asian stock markets surged on Monday (June 11, 2012) after euro zone finance ministers agreed to lend the Spain up to $125 billion to shore up its struggling banks and relieving markets that had feared for the country's fiscal collapse. US stocks market ended Friday's session with its best weekly gains of the year in a rally later in the day after sources said that Spain was expected to ask the euro zone for money to bail out its troubled banks on Saturday. European shares slipped on Friday (June 08, 2012) as hopes for more global monetary easing dwindled despite the prospect of slower economic growth in Germany and China, moreover the expectations of a bailout for Spanish banks failed to stop the rot. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers Indian stocks to the tune of Rs740.70 crore on June 07, 2012. The domestic investors bought Indian shares worth a net of Rs4.80 crore on June 07, 2012. The data is as per the SEBI website. Commodity Cues: Crude oil rose on Friday.