Markets may see a lower opening

Indian markets may open in a red zone on the back of unsupportive global cues and also SGX Nifty trading 12.50 points lower. Events for the day: Rotam Commercials board to consider bonus issue. Headlines for the day: Mahindra inaugurates two-wheeler R&D centre to launch 3 bikes. Reliance Infra commissions Solapur-Kolhapur transmission line. Govt asks state banks to cut high-cost deposits. SBI launches eFile service for filing I-T returns. Federal Bank ties up with Samba Bank. Indian Indices: The opening on the Dalal Street is likely to be on a negative note led by negative global cues cues and also SGX Nifty trading 12.50 points lower On Wednesday (July 04, 2012), the Sensex closed at 17462, up by 37 points while the Nifty settled at 5320, rising by 14 points. Global Indices: Asian shares eased on Thursday (July 5, 2012) as markets awaited the European Central Bank's policy decision later in the day, while the euro was pressured by widespread expectations of a rate cut to support fragile euro zone growth. European shares ended slightly lower on Wednesday (July 04, 2012) in extremely thin trading volumes as the US markets remained closed for a holiday, with investors taking a breather after a sharp three-day rally and ahead of the European Central Bank policy meeting. US stocks were closed on Wednesday on account of Independence Day. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers Indian stocks to the tune of Rs560.30 crore on July 03, 2012. The domestic investors sold Indian shares worth a net of Rs221.60 crore on July 02, 2012. The data is as per the SEBI website. Commodity Cues: Crude Oil rose on Wednesday.