October trading to begin on a flat note

Indian markets may open on a flat note led by unsupportive global cues. SGX Nifty is also trading 2.50 points higher Events for the day: Monthly auto sales and cement dispatches. Release of import and export data. Headlines for the day: RIL seeks nod for proposal to triple gas prices from 2014. Bharti hopeful of 50:50 JV with Wal-Mart for retail stores. EGoM on spectrum to meet on Oct 3. BHEL, GAIL seek Maharatna status. Indian Indices: On the first day of the month, the Indian markets may open on a flat note tracking negative global cues. SGX Nifty is trading 2.50 points higher. Financial markets in China, Hong Kong and South Korea remain closed for holidays. Today is an event packed day for the Indian markets, as monthly auto sales numbers and cement production & dispatches figures will be out from today, which may provide some direction to the markets. This will lead to some action in the auto and cement stocks. Also, India's export & import data for the month of August 2012 will be announced today. On Friday (September 28, 2012), the Sensex settled at 18762, up by 183 points while the Nifty settled at 5703, rising by 53 points. Global Indices: Asian stock markets slipped amid signs of a global slowdown and on concerns that Europe will struggle to contain its debt crisis. European shares ended the quarter with a whimper as fund managers banked gains on stocks that drove a strong rally over the last three-months and switched their focus to concerns over corporate earnings and the macro economy. Wall Street closed its best third quarter since 2010 after a wave of central bank actions that sparked a dramatic reversal in equity markets, but signs of weakness in the economy drove stocks lower on Friday. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers Indian stocks to the tune of Rs630.80 crore on September 27, 2012. The domestic investors sold Indian shares worth a net of Rs180.00 crore on September 27, 2012. The data is as per the SEBI website. Commodity Cues: Crude oil fell on Friday.