Positive opening likely; Inflation nos in focus

The global cues looks supportive and may lead to a positive opening for the Indian markets. SGX Nifty is also trading 16 points higher. Events for the day: Release of monthly inflation data. Results: TCS, Muthoot Finance. Stock in news: Bharti Airtel seeks alternative freuency band for 3G in J&K. JLR to add nearly 800 new jobs at UK plant. Gail plans Rs9,000 crore capex in FY 2014. Indian Indices: Today, the opening of the Dalal Street will be on a positive note led by supportive global cues. SGX Nifty is also trading 16 points higher. The December 2012 monthly inflation numbers are scheduled to be released today. Investors will closely watch the numbers as it can have a bearing on the RBI's decision making process for its third-quarter monetary policy review on January 29, 2013. Results: TCS, Muthoot Finance. On Friday (January 11, 2013), the Sensex closed at 19663, up by 0.09 points while the Nifty settled at 5951, slipping by 17 points. Global Indices: Asian markets rose on Monday (January 14, 2013). Japanese markets are shut today. European shares stalled on Friday (January 11, 2013), with weak economic data from the United States and concerns about the scope for more stimulus in China giving investors the excuse to lock in profits on a new year rally to multi-month highs. US stocks were little changed, after the Standard & Poor’s 500 Index rose to a five-year high, as banks slumped and China’s inflation grew. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers Indian stocks to the tune of Rs281.70 crore on January 10, 2013. The domestic investors sold Indian shares worth a net of Rs96.00 crore on January 09, 2013. The data is as per the SEBI website.