Domestic indices may open marginally lower owing to weak Asian indices.
Headlines for the day
ADAG firm puts spanner in Fame-INOX deal - Business Standard
Kingfisher Airlines hires US firm to revamp operations - Business Standard
NTPC hopes to start on 500-Mw project in Sri Lanka by Feb-end - Business Standard
Pipavav Shipyard to increase headcount to 8,500 in 3 yrs - Business Standard
Inox offer to buy 20% more in Fame from 1 Apr - Business Line
Events for the day
Major corporate action:
ARSS Infrastructure Projects Ltd IPO opens today
Listing of Jubilant Foodworks Ltd
Ex-date for consolidation of shares of Ras Extrusions & Ras Pro Lamipeck
Ex-date for Reduction of capital of Ras Extrusions & Ras Pro Lamipeck
Ex-date foe bonus shares of Super Tannery in the ratio of 1:2
Ex-date foe bonus shares of VST Tillers in the ratio of 1:2
Pre-market report
Global signals
On Friday, The European stocks closed lower on third consecutive day. FTSE 100 closed 1.53% lower at 5061.
The US markets closed higher on Friday, as jobless rate decline. Nasdaq closed 0.74% higher.
In today's trade, All the Asian indices are trading in negative zone except Straits Times that up marginally. At the time of writing this report SGX Nifty trading marginally higher by 8 points.
Indian markets
Indian market may open flat and remain volatile on the back of weak Asian global indices.
Among the local indices, the Nifty could test the 4800-4850 range on the up side, while on the down side it could find support at 4700 and 4750. While the Sensex is likely to get support at 15600 and may face resistance at 16100.
Indian ADR's
Among the Indian ADRs trading on the US bourses, all the ADRs were closed lower, except Infosys and Dr. Reddy. Among laggards Rediff fell the most with loss of 7.27%.
Commodity cues
In the commodity space, wherein the Crude oil prices recorded marginal rise, with the Nymex light crude oil for March series rose by $0.45 to settle at $71.64 a barrel.
In the metals space, Comex Gold for April series decline by $9.50 to settle at $1053.50 to a troy ounce.
In the metals space, Comex Silver for March series down by $0.47 to settle at $14.88 to a troy ounce.
Daily trend of FII/MF investment in equities
On February 05, 2010, FIIs were the net sellers of the Indian Stocks in the tune of Rs42.50 crore (with the gross purchase of Rs1741.60 crore and gross sales of Rs1784.10 crore).
While the Domestic mutual funds, on February 04, 2010, were the net sellers of the stocks in the tune of Rs296.20 crore (with gross purchase of Rs561.70 crore and gross sales of Rs857.90 crore).
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