The start is likely to be on a quiet note tracking mixed global cues. The sentiments may remain bearish as eurozone concerns resurfaced.
Headlines for the day:
IOC may set up Rs 30,000-cr refinery in Gujarat
RIL strikes mega media deal
Adani Power to invest Rs 3,000 cr in solar power
Banks start year with sale of covered bonds
SEBI Board clears regulatory changes to allow PSU buybacks
Events for the day
Release of weekly inflation data
Ex-date for scheme of arrangement of SE Investments
Indian indices
Sentiment has soured once again as markets resume their focus on eurozone problems. Worries about the ability of euro zone countries to refinance their huge public debt dampened investor risk appetite ahead of a French bond auction later in the day.
Today’s start is expected to be on a quiet note on account of mixed global cues. The markets are likely to trade rangebound. Weekly inflation numbers will be out today and this may lead to a volatile session.
Daily trend of FII/MF investment in equities
The FIIs have been net buyers of the Indian stocks to the tune of Rs325.70 crore on January 04, 2012. The domestic investors have purchased Indian stocks worth a net of Rs314.90 crore on January 03, 2012. The data is as per SEBI website.
Global signals
The European shares halted a four-day winning streak on Wednesday (January 04, 2012), albeit in low volume, as worries about capital raising in the banking sector hit investor sentiment after Italian lender UniCredit priced a rights issue at a massive discount.
Major US stock indexes were little changed in a low-volume session on Wednesday, but some investors were encouraged to see equities avoid a sell-off amid lingering euro zone's debt problems.
The Asian stock markets eased on Thursday (January 05, 2012) as concerns about the ability of euro zone countries to refinance their huge public debt dampened investor risk appetite ahead of a French bond auction later in the day. SGX Nifty was trading 3 points higher.
Commodity cues
US crude rose on Wednesday as growing fears over a disruption to Iranian oil supplies continued to drive prices higher.
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