Positive global cues may lift markets higher

Indian stocks are expected to start the trading session higher as the global cues look supportive. SGX Nifty is also trading 11 points higher Events for the day: Ex date for dividend of Procter & Gamble Hygiene & Healthcare. Ex date for interim dividend of Infotech Enterprises. Headlines for the day: Vijay Mallya may submit turnaround plan for KFA later this month. Coal scam: CBI grills Devendra and Rishi Darda. Titan aims to log Rs1,000 cr profit before tax this fiscal. Indian Indices: The Indian markets are set to begin the session in the green zone in line with positive global peers. SGX Nifty is also trading 11 points higher. On Monday (November 19, 2012), the Sensex closed at 18339, up by 29 points while the Nifty settled at 5571, slipping by 2 points. Global Indices: Asian stock markets surged on Tuesday (November 20, 2012) on hopes of a compromise in the US fiscal crisis, while the euro fell after Moody's Investors Service scrapped France's top-notch credit rating, reminding investors of the protracted euro zone debt crisis. European shares rebounded from multi-month lows on Monday to post their biggest daily gain in 10 weeks thanks to signs of progress in US talks to avoid a budget crisis. US stocks bounced higher for a second consecutive session on Monday as investors were encouraged by the early atmosphere surrounding talks to tackle the nation's fiscal crunch. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers Indian stocks to the tune of Rs787.30 crore on November 16, 2012. The domestic investors sold Indian shares worth a net of Rs295.20 crore on November 15, 2012. The data is as per the SEBI website. Commodity Cues: Crude oil surged on Monday to its highest price since mid-October, fueled by supply concerns as violence in the Middle East escalated and as investors grew more hopeful that a US budget crisis will be averted.