Markets may see subdued opening

It is expected to be a subdued opening led by marginally higher Asian indices. Concerns may remain over rising global oil prices.

Headlines for the day

Tata Steel seeks shareholders' nod to up borrowing limit
IDFC PE to invest Rs150 crore in Staragri Warehousing
DB Realty sees no financial impact from Etisalat exit
Citi seeks $2.1 billion for stake in HDFC: sources
Kingfisher Airlines crisis: Banks reluctant to lend more
SBI to get Rs 7900cr from govt by next month-end
EGoM to meet today to review changes in gas policy



Events for the day
Multi Commodity Exchange of India IPO closes today
Ex-date for interim dividend of Zodiac Clothing Co.
Indian indices
The start looks subdued today led by marginally higher Asian indices. The sentiment showed some improvement after solid US data.
But the upside may be capped by concerns that rising oil prices could deal a further blow to the fragile euro zone economy. The markets may remain directionless amid rangebound trade today.
Daily trend of FII/MF investment in equities
The FIIs have been net buyers of the Indian stocks to the tune of Rs966.90 crore on February 22, 2012. The domestic investors have sold Indian stocks worth a net of Rs625.80 crore on February 22, 2012. The data is as per SEBI website.
Global indices
The European shares were mostly lower on Thursday (February 23, 2012), weighed down by negative growth forecasts for the euro zone and poor results from some of region's lenders.
The Wall Street stocks rose on Thursday after data showed the US labor market remained on the mend, but the market stalled as it approached highs not seen since before the 2008 collapse of Lehman Brothers.
The Asian markets were mostly higher on Friday (February 24, 2012) led by positive economic data in Europe and the US. SGX Nifty was trading 7 points higher.
Commodity cues
Crude Oil surged on Thursday as jobless claims held at a four-year low in the US and German business confidence surpassed forecasts, signs fuel consumption may improve. Gold prices surged on Thursday on consistent demand from stockists and investors following rising international trend. Silver also strengthened on heavy speculative offtake as well as industrial demand.