New Page 1 Following the mixed cues from the Asian front, the Sensex may see flat opening, remain range-bound and voaltile.
Headlines for the day
Government may pay cash to oil marketers - DNA Money
Hotel Leelaventure promoters raising stake to 55% via creeping route - Business Line
Jindal Saw bags order worth Rs1100 crore - Business Line
RIL makes third discovery in K-G block - Business Standard
MCA asks SEBI to provide details of RIL probe - Business Standard
Events for the day
Major corporate action:
Ex-date for dividend of Accentia Technologies, Ahmednagar Forgings, Amtek Auto, Amtek India, Mediaone Global Entertainment Ltd, MIC Electronics, Parenteral Drugs India & Shri Lakshmi Cotsyn Ltd
Ex-date for final dividend of IndiNivesh Ltd.
Ex-date for interim dividend of Ashirwad Capital Ltd.
Ex-date for bonus issue of Splash Media Works in the ratio of 3:1.
Ex-date for stock split of Nu Tek India from Rs10 per share to Rs5 per share
Pre-market report
Global signals
On Tuesday, the European markets closed higher as energy stock gains the most. FTSE 100 that closed higher by 0.65% at 5329.
Better than expected Home sales number helped The US markets to closed higher on Tuesday. Nasdaq advanced 15 points to closed the day at 2253.
In todays trade, all the indices are trading higher except Hang Seng and Jakarta Composite that trading at marginally lower. And at the time of writing this report, SGX Nifty trading marginally lowers by 6 points.
Indian markets
Considering such mixed cues from the global front, domestic markets may open flat and remain volatile in the days trade.
Among the local indices, the Nifty could test the 5020-5050 range on the up side, while on the down side it could find support at 4930 and 4950. While the Sensex is likely to get support at 16500 and may face resistance at 17000.
Indian ADR's
Among the Indian ADRs trading on the US bourses showed the mixed trend, among gainers ICICI Bank surged the most with gain of 4.03%, while among the losers Rediff fell the most with loss of 2.14%
Commodity cues
In the commodity space, wherein the Crude oil prices recorded gain, with the Nymex light crude oil for February series rose by $0.88 to settle at $74.60 a barrel.
In the metals space, Comex Gold for February series sheds $9.30 to settle at $1086.70 to a troy ounce.
Daily trend of FII/MF investment in equities
On December 22, 2009, FIIs were the net sellers of the Indian Stocks in the tune of Rs258.30 crore (with the gross purchase of Rs1837.40 crore and gross sales of Rs2095.70 crore).
While the Domestic mutual funds, on December 21, 2009, were the net seller of the stocks in the tune of Rs174.00 crore (with gross purchase of Rs415.10 crore and gross sales of Rs589.10 crore).
