Markets may see a lower opening

Today’s opening is likely to be on a negative note on the back of unsupportive global cues. Investors await for cues from Europe on austerity measures.

Headlines for the day

Bank of India buys 51% in Bharti Axa MF

DLF divests stake in IDFC JV, gets Rs 200cr as 1st tranche

Cosmetics, soaps to get pricey as rupee skids

GMR Infra may expand Petronas agreement

SRF to invest Rs 1,400 cr in diversification

Events for the day

New Listing: GPT Infraprojects



Indian indices

The Indian markets may open the first session of the week in the red tracking unsupportive global cues. Investors await for cues from Europe on austerity measures.

Italy's Cabinet approved a package of tax hikes, pension reforms and incentives to boost growth on Sunday. Prime Minister Mario Monti will present the 30 billion euro plan to parliament later on Monday. Going forward, the markets would follow the political drama around FDI in retail and may also track global cues.

New Listing: GPT Infraprojects will list its equity shares on the bourses today.

Daily trend of FII/MF investment in equities

The FIIs have been net buyers of the Indian stocks to the tune of Rs904.80 crore on December 02, 2011. The domestic investors have sold Indian stocks worth a net of Rs242.90 crore on December 01, 2011. The data is as per SEBI website.

Global indices

The European shares rose on Friday (December 02, 2011), recording their biggest percentage weekly gain since late 2008 on hopes euro zone leaders were coming together to find a solution to the debt crisis.

The US stocks ended flat on Friday but capped the best week for Wall Street bulls in almost three years after data showed the US unemployment rate dropped to a 2-1/2 year low.

The Asian markets were trading mixed on Monday (December 05, 2011). SGX Nifty was trading 26 points lower.

Commodity cues

US Crude Oil prices rose on Friday, boosted by heightened geopolitical tensions over Iran and strong gasoline futures, while a stronger dollar and concern about the euro zone debt crisis limited gains