Markets to begin trade in red on global risk

The start on the Dalal Street is going to be in the red zone led by negative global peers. SGX Nifty is also trading 8 points lower. Events for the day: Results: Adani Ports and Special Economic Zone, Adani Power, Century Textiles & Industries, Engineers India, Federal Bank, Glaxosmithkline Consumer Healthcare, Jaypee Infratech, Manappuram Finance, Voltas. Headlines for the day: Jhunjhunwala buys 2.5 mn SpiceJet shares. Petronet's focus is short term LNG deals for now. Real estate industry unhappy over RBI's policy. Indian Indices: Today, on the first trading day of the month, the Indian markets may fall at start tracking weak global sentiments. SGX Nifty is also trading 8 points lower. Major companies reporting results today — Adani Ports and Special Economic Zone, Adani Power, Century Textiles & Industries, Engineers India, Federal Bank, Glaxosmithkline Consumer Healthcare, Jaypee Infratech, Manappuram Finance, Voltas. On Tuesday (July 31, 2012), the Sensex closed at 17236, up by 92 points while the Nifty settled at 5229, rising by 29 points. Global Indices: Asian stock markets extended losses on Wednesday (August 1, 2012) as the Chinese manufacturing data further undermined the fragile market sentiment as expectations faded of stimulus action this week by the US Federal Reserve and the European Central Bank. US stocks were lower on Tuesday (July 31, 2012) while European shares snapped a three-day winning streak on fear that central banks may not deliver enough stimulus to quell the concerns about a global slowdown. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers Indian stocks to the tune of Rs1206.20 crore on July 30, 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 prices slipped on Tuesday on expectations that potential central bank stimulus may not be enough to revive sputtering economic growth and as hopes dimmed that the US Federal Reserve will act this week to boost growth.