Sensex may open higher

Headlines for the day

Government put Bt brinjal in cold storage, for now - Business Line

Auto companies record highest ever monthly sales in January - Business Line

Reliance MediaWorks raises stake in Fame - Business Standard

Hero Honda eyes Rs800 crore facility in Gujarat - Business Standard

RBI simplifies ECB procedure - Business Standard

Events for the day

Major corporate action:

Ex-date for stock split of Consolidated Construction from Rs10/- to Rs2/-.

Ex-date for interim dividend of Chromatic India, Ganesh Polytex, Jolly Board, KRBL, and Oil India

Ex-date for dividend of Mphasis Ltd

Ex-date for stock split of KRBL from Rs10/- to Re1/-.

Ex-date for consolidation of shares of Pitambar Coated Papers Ltd

Ex-date for reduction of capital of Pitambar Coated Papers Ltd

Ex-date for bonus issue of Mount Everest Trading in the ratio of 3:1.

Pre-market report

Global signals

The European stocks closed higher on Tuesday as banking stock gains the most. FTSE 100 closed 0.38% higher at 5111.

In US markets, Dow Jones registered its highest one-day percentage gain in three months to crosses the 10000 level. Nasdaq closed 1.17% higher.

In today's trade, Asian indices showing the mixed trend, as Indices like Hang Seng, Jakarta Composite and Straits Times are trading in negative territory, while indices like Nikkei, Kospi and Shanghai Composite are trading in green zone.

Indian markets

Owing to the strong global cues, Indian market may open higher and remain volatile throughout the session.

Among the local indices, the Nifty could test the 4850-4900 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 15700 and may face resistance at 16300.

Indian ADR's

Among the Indian ADRs trading on the US bourses, All the ADRs closed higher. Patni Computer surged the most with gains of 8.06% followed by ICICI Bank that advanced by 4.38%.

Commodity cues

In the commodity space, wherein the Crude oil prices recorded marginal loss, with the Nymex light crude oil for March series down by $0.42 to settle at $73.33 a barrel.

In the metals space, Comex Gold for April series rose by $5.80 to settle at $1072.00 to a troy ounce.

In the metals space, Comex Silver for March series rose by $0.35 to settle at $15.43 to a troy ounce.

Daily trend of FII/MF investment in equities

On February 09, 2010, FIIs were the net sellers of the Indian Stocks in the tune of Rs806.50 crore (with the gross purchase of Rs1741.80 crore and gross sales of Rs2548.30 crore).

While the Domestic mutual funds, on February 08, 2010, were the net buyers of the stocks in the tune of Rs37.10 crore (with gross purchase of Rs515.80 crore and gross sales of Rs478.80 crore).