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Pre-market: Flat start on the cards

Wednesday, September 5, 2012

September 06, 2012 | 8.30 AM

Flat start on the cards
Indian markets may open on a flat note led by mixed global cues. SGX Nifty is trading 1.50 points lower .
Headlines for the day
  • Tata Steel hikes stake in Tinplate Company to 73.44%
  • 2 foreign funds reduce stake in Crompton Greaves
  • MTNL to de-list from Delhi, Calcutta and Madras stock exchanges

 

Events for the day
  • Ex date for rights issue of Bajaj Finserv
  • Ex date for final dividend of Coal India, BHEL

 

 STOCK TO WATCH
n RELIANCE n JSWSTEEL
n INFY n SESAGOA
nIDEA n ITC

 FOREX

Currency

Level

USD to INR

55.91

GBP to INR

88.91

Euro to INR

70.51

JPY to INR

0.71

INDIAN INDICES

Indices

Support Resistance
Sensex

17200

17411

Nifty

5164

5287

Today, the Indian markets may open on a flat note tracking mixed global cues. SGX Nifty is trading 1.50 points lower.

On Wednesday (September 05, 2012), the Sensex settled at 17440, up by 56 points while the Nifty closed at 5225, slipping by 48 points.

FII/MF ACTIVITIES

As on 04-09-2012

FII
(Rs cr)
MF*
(Rs cr)
Gross purchase

1634.30

290.40

Gross sale

1331.70

353.90

Net investment

302.60

(63.50)

*As on 04-09-2012

Daily trend of FII/MF investment in equities
The FIIs have been the net buyers Indian stocks to the tune of Rs302.60 crore on September 04, 2012. The domestic investors sold Indian shares worth a net of Rs63.50 crore on September 04, 2012. The data is as per the SEBI website.

GLOBAL INDICES

Asian stock markets edged up on Thursday (September 6, 2012), after reports that the European Central Bank will buy unlimited amounts of short-term sovereign bonds to cap the surged borrowing costs in indebted euro zone states.

European shares steadied at the close on Wednesday (September 05, 2012), in sight of earlier one-month lows, with investors avoiding big bets before Thursday's meeting of the European Central Bank, which might announce a bond-buying plan but offer limited details.

US Stocks closed a second straight session of thin trading on Wednesday, with investors reluctant to make big bets ahead of a crucial meeting of the European Central Bank, which could announce new policies to help curtail the euro zone's debt crisis.

Commodity cues
Crude oil settled slightly higher on Wednesday, as investors awaited guidance from Thursday's US oil inventory data and signals from the European Central Bank's policy meeting

 COMMODITIES

Commodity (MCX)

Price (Rs)

% Chg 

Gold

31470

0.07

Silver

57006

(8.09)

Crude Oil

5329

0.3


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