Markets may open flat

Indian markets are set to begin on a flat note led by mixed global cues. SGX Nifty is trading 1 point higher. Events for the day: Results: Bajaj Auto, Crisil, Bajaj Holdings & Investment. Headlines for the day: Jyothy Laboratories issues bonus shares. Uttam Sugar promoter to sell nearly 8 lakh shares. RIL, BP warn govt of KG-D6 closure in absence of funds. TRAI open to discussions on ad time limits in TV channels. Two-day bank employees strike from July 25. <1--more--> Indian Indices: Today, the opening on Dalal Street is expected to be on a flat note tracking mixed global cues. SGX Nifty is trading 1 point higher. VKS Projects will list its equity shares on exchanges today. The issue price has fixed at lower end of price band of Rs55-60 a share. The Company is engaged in the business of undertaking EPC contracts of CS/SS/alloy steel turnkey piping, civil land development, industrial / commercial infra projects, structural fabrication and erection of equipments, fire fighting projects and commissioning of chemical plants. Major companies reporting results today — Bajaj Auto, Crisil, Bajaj Holdings & Investment. On Tuesday (July 17, 2012), the Sensex settled at 17105, up by 1.99 points while the Nifty closed at 5192, slipping by 4.40 points. Global Indices: Asian stock markets edged higher on Wednesday (July 18, 2012) on hopes that the US central bank has left the door open for more stimulus measures later in the year, after chairman Ben Bernanke outlined a gloomy view of the US economic recovery. European shares turned negative on Tuesday (July 17, 2012) after the U.S. Federal Reserve Chairman Ben Bernanke offered few new clues about another round of stimulus measures to support the economy. US stocks surged, erasing earlier losses on Tuesday, as Federal Reserve Chairman Ben S. Bernanke told senators the central bank is prepared to act to boost growth if the labor market doesn’t improve. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers Indian stocks to the tune of Rs355.80 crore on July 16, 2012. The domestic investors bought Indian shares worth a net of Rs10.60 crore on July 16, 2012. The data is as per the SEBI website. Commodity Cues: Oil hovered on Tuesday amid hopes China and the US will take new steps to bolster their economies.