Indian Indices to open higher; IIP data eyed

Headlines for the day

Fortis buys 24% in Singapore healthcare giant

Bosch may declare lockout at Bangalore plant, too

Titan launches North India's largest showroom

Events for the day

Major corporate action

Ex-date for dividend of CRISIL, Gujarat Gas, Trend Electronics and Value Industries

NMDC FPO closes today

IIP numbers for January to be out today

Pre-market report

Global signals

European shares ended lower on Thursday, March 11, 2010 after China reported a jump in inflation and also on a dull US economic data, which failed to impress the investors.

On Thursday, the US markets closed higher for the third consecutive day as banking shares gained the most.

In today's trade, Asian indices are trading flat. At the time of writing this report, SGX Nifty trades 10.50 points lower.

Indian markets

The markets are likely to open firm owing to the mixed global cues. As the markets remained lackluster for the three straight sessions, all the investors will be focused on the Industrial Production Data (IIP) scheduled later today, which will set the trend of the markets.

Commodity cues

In the commodity space, the Crude oil prices posted gains after the three day losses, with the Nymex light crude oil for the April series up by $0.06 per barrel, whereas in the metals space, the Comex Gold for the April series remained unchanged and the Comex Silver for the May series was up by $0.15 to a troy ounce respectively.

Daily trend of FII/MF investment in equities

On March 11, 2010, foreign institutional investors (FIIs) were the net buyers of the Indian stocks to the tune of Rs418.20 crore, whereas the domestic mutual funds, on March 09, 2010, were also the net buyers of the stocks to the tune of Rs26.70 crore.