The Indian markets are expected to see a subdued start led by marginally higher Asian indices. SGX Nifty is trading 10 points lower.
Headlines for the day:
Bank of India acquires 51% stake in Bharti Axa MF.
KFA plans to pay Jan salaries from May 9.
Govt to incentivise foreign banks to set up subsidiaries.
India unaffected by Suzuki's recall of over one lakh Swift: MSI.
Events for the day:
Results: Kotak Mahindra Bank, Shriram Transport Finance Co., Asian Paints, Central Bank of India, Glenmark Pharmaceuticals, Hindalco Industries, IDFC.
Indian Indices:
In today’s trade, the opening of the Indian markets is expected to be muted on account of mixed global cues. The markets may remain directionless amid rangebound trade today.
The companies scheduled to report quarterly results today include Kotak Mahindra Bank, Shriram Transport Finance Co., Asian Paints, Central Bank of India, Glenmark Pharma, Hindalco Ind, IDFC ; stocks will remain in focus.
Global Indices:
The Asian stock markets rose on Tuesday (May 08, 2012), with a slight upside bias. Investors expected to go bargain hunting after the bourses took heavy damage on Monday.
European shares rose on Monday (May 07, 2012), as German Chancellor Angela Merkel said she will receive French president-elect Francois Hollande with 'open arms' as they work together to tackle the debt crisis.
US stocks ended flat on Monday as investors had a muted reaction to European election results that cast doubt on the region's ability to tackle its debt crisis.
Daily trend of FII/MF investment in equities:
The FIIs have been the net buyers Indian stocks to the tune of Rs512.50 crore on May 06, 2012.The domestic investors sold Indian shares worth a net of Rs203.50 crore on May 04, 2012. The data is as per the SEBI website.
Commodity Cues:
Oil prices continued a three-day slide, falling below $98 a barrel on Monday as a slowdown in US hiring and election results in Europe dimmed expectations of stronger economic growth.....more info
Headlines for the day:
Bank of India acquires 51% stake in Bharti Axa MF.
KFA plans to pay Jan salaries from May 9.
Govt to incentivise foreign banks to set up subsidiaries.
India unaffected by Suzuki's recall of over one lakh Swift: MSI.
Events for the day:
Results: Kotak Mahindra Bank, Shriram Transport Finance Co., Asian Paints, Central Bank of India, Glenmark Pharmaceuticals, Hindalco Industries, IDFC.
Indian Indices:
In today’s trade, the opening of the Indian markets is expected to be muted on account of mixed global cues. The markets may remain directionless amid rangebound trade today.
The companies scheduled to report quarterly results today include Kotak Mahindra Bank, Shriram Transport Finance Co., Asian Paints, Central Bank of India, Glenmark Pharma, Hindalco Ind, IDFC ; stocks will remain in focus.
Global Indices:
The Asian stock markets rose on Tuesday (May 08, 2012), with a slight upside bias. Investors expected to go bargain hunting after the bourses took heavy damage on Monday.
European shares rose on Monday (May 07, 2012), as German Chancellor Angela Merkel said she will receive French president-elect Francois Hollande with 'open arms' as they work together to tackle the debt crisis.
US stocks ended flat on Monday as investors had a muted reaction to European election results that cast doubt on the region's ability to tackle its debt crisis.
Daily trend of FII/MF investment in equities:
The FIIs have been the net buyers Indian stocks to the tune of Rs512.50 crore on May 06, 2012.The domestic investors sold Indian shares worth a net of Rs203.50 crore on May 04, 2012. The data is as per the SEBI website.
Commodity Cues:
Oil prices continued a three-day slide, falling below $98 a barrel on Monday as a slowdown in US hiring and election results in Europe dimmed expectations of stronger economic growth.....more info