Dalal Street to witness flat start

The Indian stock markets are expected to open on a flat note led by mixed global cues. SGX Nifty is trading 1 point higher. Headlines for the day Hindalco declares lockout at Silvassa plant. Freight rate hike to cost SAIL Rs 300-cr annually. Petronet sets world record with 1,000 cargo. Events for the day: Results: Bosch, Castrol India. Indian Indices The Indian equities may start the trading session on a flat note tracking mixed global cues. SGX Nifty is also trading 1.00 point higher. On Tuesday (February 26, 2013), the Sensex closed at 19015.14, down by 316.55 points and the Nifty fell by 93.40 points to settle at 5761.35. Daily trend of FII/MF investment in equities The FIIs have been the net buyers Indian stocks to the tune of Rs266.00 crore on February 25, 2013. The domestic investors remained net buyers of the Indian shares to the tune of Rs36.00crore on February 25, 2013.The data is as per the SEBI website. Global Indices Asian shares rebounded on Wednesday (February 27, 2013), tracking US stocks higher as the Federal Reserve Bank reassured markets of its commitment to strong monetary stimulus, but investors remained wary of political gridlock in Italy reigniting the euro zone financial crisis. European stock markets declined on Tuesday (February 26, 2013), with the inconclusive election result in Italy raising fears that political deadlock will delay economic reforms. US stocks climbed on Tuesday, after their biggest drop since November as housing and confidence data boosted sentiment. Commodity cues Crude oil fell on Tuesday (February 27, 2012) as inconclusive Italian election results revived investor concerns about instability in the euro zone and about future demand for fuel.