Markets to open higher

Headlines for the day

Bajaj Auto Dec sales soar 85%

HPCL to supply Euro IV petrol in Hyderabad

IOC revisits Ennore project for LNG terminal, power unit

Maruti crosses 1 lakh retail sales in Dec 2009

Tata Motors Dec sales more than doubles at 51,627 units

Events for the day

Major corporate action:

Listing of equity shares of JSW Energy Ltd

Ex-date for dividend of Avaya Globalconnect Ltd

Ex-date for interim dividend of Rural Electrification Corporation

Ex-date for stock split of Lanco Infratech from Rs10 per share to Re1 per share

Pre-market report

Global signals

On Thursday, The European stocks showed the mixed trend. FTSE 100 closed 0.28% higher at 5413.

The US markets declined on Thursday, as Nasdaq down 22 points to closed at 2269.

In today's trade, apart from Straits Times all the other Asian indices trading in green. At the time of writing this report, SGX Nifty trading higher by 5 points.

Indian markets

The domestic indices are expected to open higher and may remain volatile following the positive global cues.
Among the local indices, the Nifty could test the 5250-5275 range on the up side, while on the down side it could find support at 5182 and 5150. While the Sensex is likely to get support at 17200 and may face resistance at 17530.

Indian ADR's

Indian ADRs trading on the US bourses, all the ADRs closed in negative territory except HDFC bank that surged 0.42%. among losers MTNL fell the most with loss of 2.54%.

Commodity cues

In the commodity space, wherein the Crude oil prices recorded marginal gain, with the Nymex light crude oil for February series rose by $0.12 to settle at $79.40 a barrel.

In the metals space, Comex Gold for February series surged marginally by $4.00 to settle at $1096.50 to a troy ounce.

In the metals space, Comex Silver for March series rise marginally by $0.02 to settle at $16.82 to a troy ounce.

Daily trend of FII/MF investment in equities

On December 31, 2009, FIIs were the net buyers of the Indian Stocks in the tune of Rs353.90 crore (with the gross purchase of Rs1417.20 crore and gross sales of Rs1063.40 crore).

While the Domestic mutual funds, on December 29, 2009, were the net buyers of the stocks in the tune of Rs200.90 crore (with gross purchase of Rs657.30 crore and gross sales of Rs456.40 crore).