Markets expect a weak start

Indian markets are expected to begin the trade on a weak note on account of unsupportive global cues. SGX Nifty is trading 20 points lower. Events for the day: Ex-date for bonus issue of Orbit Exports. Ex-date for dividend of Piramal Healthcare and Jyoti Structures. Headlines for the day: ONGC's Tripura unit to release gas from July 9. JSW proposes to hike Sajjan Jindal's salary by 55%. Air India's three Dreamliner aircraft lying idle in US. Airlines launch legal battle against 3-fold tariff hike. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers Indian stocks to the tune of Rs456.30 crore on July 05, 2012. The domestic investors sold Indian shares worth a net of Rs62.00 crore on July 05, 2012. The data is as per the SEBI website. Commodity Cues: Crude oil fell on Friday, reflecting concerns about global economic growth and tracking a weaker euro after the European Central Bank cut interest rates to a record low.