Flat start on the cards

The Indian markets may open on a flat note led by mixed global peers. SGX Nifty is trading 6 points higher. Events for the day: Results: Cummins India, Glenmark Pharmaceuticals, Oracle Financial services Software. Headlines for the day: Muthoot Capital Services shares sale offer oversubscribed. SEBI imposes Rs 5-lakh fine on erstwhile Satyam officer. Jet fuel prices hiked by 4.5%. Piramal Healthcare changes name to Piramal Enterprises. SBI cuts auto loan rates by 0.5 percentage points. Indian Indices: The Indian markets may open on a flat note tracking mixed global cues. SGX Nifty is trading 6 points higher. Major companies reporting results today — Cummins India, Glenmark Pharmaceuticals, Oracle Financial services Software. On Wednesday (August 01, 2012), the Sensex settled at 17257, up by 21 points while the Nifty closed at 5240, rising by 11 points. Global Indices: Asian stock markets eased on Thursday (August 2, 2012). The investors turned increasingly cautious as hopes of stimulus action by central banks thinned ahead of a European Central Bank's meeting later in the day and after the US Federal Reserve took no action a day earlier. European shares edged up on Wednesday (August 01, 2012), as the markets waited to see if the European Central Bank and the US Federal Reserve will respond to fresh evidence of slowing global economic growth. US stocks fell yesterday on disappointment that the Federal Reserve offered no new measures to stimulate the economy and after a computer glitch at a brokerage triggered a spike in volatility shortly after the open. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers Indian stocks to the tune of Rs928.00 crore on July 31, 2012. The domestic investors bought Indian shares worth a net of Rs82.80 crore on July 27, 2012. The data is as per the SEBI website. Commodity Cues: Oil ended up but off its highs in choppy trading on Wednesday after the US Federal Reserve said the economy had lost some momentum but offered no new stimulus that could shore up growth and translate into higher fuel demand.