Markets may start in green; July inflation eyed

Indian markets may open on a flat to positive note tracking mixed global cues. SGX Nifty is trading 6.50 points higher. Events for the day: Results: Opto Circuits (India), Essar Oil, Pipavav Defence and Offshore Eng, Piramal Healthcare, Reliance Infrastructure, Reliance Power, Unitech, HDIL, Hindalco Industries, Hindustan Copper, MMTC, IDFC, Videocon Industries, National Aluminium Co, Welspun Corp");'> Welspun Corp, Jain Irrigation Systems. Headlines for the day: BoB hikes interest rates on deposits by up to 1.75%. Cement cos told to comply with CCI's order within 90 days. Welspun Corp bags orders worth Rs819 cr. Indian Indices: The Indian markets may begin on a flat to positive note led by mixed global peers. SGX Nifty is trading 6.50 points higher. Volatility is likely to rule as inflation for the month of July will be out today. Major companies reporting results today — Opto Circuits (India), Essar Oil, Pipavav Defence and Offshore Eng, Piramal Healthcare, Reliance Infrastructure, Reliance Power, Unitech, HDIL, Hindalco Industries, Hindustan Copper, MMTC, IDFC, Videocon Industries, National Aluminium Co, Welspun Corp");'> Welspun Corp, Jain Irrigation Systems. On Monday (August 13, 2012), the Sensex closed at 17633, up by 75 points while the Nifty settled at 5347, rising by 27 points. Global Indices: Asian stock markets steadied on Tuesday (August 14, 2012) with the investors staying cautious ahead of more figures from Europe and the United States later in the day. The recent data showed that the euro zone's debt woes were eroding business activity globally. European shares had their worst day in more than a week on Monday (August 13, 2012) in thin volumes, as worries over a global economic slowdown and the euro zone debt crisis hit equity markets after a rally led by expectations of new stimulus measures. US Stocks slipped on Monday after six days of gains for the S&P 500 and as data showed Japan's economy grew much less than expected in the second quarter, a reminder of the headwinds faced by the global economy. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers Indian stocks to the tune of Rs121.10 crore on August 10, 2012. The domestic investors sold Indian shares worth a net of Rs249.80 crore on August 09, 2012. The data is as per the SEBI website. Commodity Cues: Oil prices surged slightly on Monday, clawing back losses triggered by the International Energy Agency's lower crude demand forecast as investors awaited US retail sales figures.