Markets may start lower on negative Asian cues

Indian markets may open in the red zone led by negative Asian cues. SGX Nifty is also trading 19.50 points lower. Events for the day: Ex date for dividend of Rajesh Exports. Ex date for final dividend of Garnet International. Headlines for the day: NTPC raises $500 mn from overseas bonds issue. RIL likely to bid for telecom spectrum. Maruti hikes wages by 50% for Gurgaon unit workers. Yes Bank wants to be party in BCCI-Deccan Chargers tangle. Indian Indices: The Indian markets expect to open in the red zone led by negative Asian cues and also SGX Nifty is trading 19.50 points lower. On Tuesday (September 25, 2012), the Sensex closed at 18694, up by 21 points while the Nifty settled at 5673, rising by 4 points. Global Indices: Asian stock markets slipped on Wednesday (September 26, 2012) as protests in Spain underscored concerns about the country's financing difficulties that led investors to refocus on slowing global growth after rallies sparked by easing measures from major central banks faded. European shares rose on Tuesday (September 25, 2012), after a gauge of US consumer-confidence rose to the highest level in seven months. The S&P 500 witnessed its worst fall since June on Tuesday, pulled lower by Caterpillar Inc after it cut its profit outlook, the latest high-profile company to warn on profit growth. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers Indian stocks to the tune of Rs1652.20 crore on September 24, 2012. The domestic investors sold Indian shares worth a net of Rs630.80 crore on September 24, 2012. The data is as per the SEBI website. Commodity Cues: Crude oil settled Tuesday at a near-two-month low amid concerns over weak demand and rising inventories