Positive global cues may push markets higher

It is expected to be a higher opening on the back of good global cues. India’s GDP data for December quarter will be in focus.
Headlines for the day
LIC sells 2% in Tata Global Beverages for Rs 161 cr
TCS bags deal from S Africa's Nedgroup Insurance
Govt approves 5% ONGC share sale through auction
Union Bank may cut home, education lending rates next month

Events for the day:
India’s GDP data for December quarter



Results: Bata India, Videocon Industries
Indian indices
The Indian markets are set to begin the last session of February 2012 in the green zone inline with positive global peers. Strong US data, cheap European loans and a sharp drop in oil prices buoyed sentiment.
Today, India's GDP data for quarter ended December 2011 will be out and it is expected to grow by 6.4%. The GDP data may provide some direction for the markets.
Daily trend of FII/MF investment in equities

The FIIs have been net sellers of the Indian stocks to the tune of Rs542.50 crore on February 27, 2012.The domestic investors bought Indian shares worth a net of Rs699.80 crore on February 24, 2012. The data is as per the SEBI website.
Global Cues:
The Asian stock markets rose on Wednesday (February 29, 2012), tracking strong gains in the US markets overnight. SGX Nifty was trading 39 points higher, indicating a positive opening for the Indian markets.
The European shares surged on Tuesday (February 28, 2012), on anticipation that the European Central Bank's second round of cheap long-term loans would further ease balance sheet pressure among banks.
The Dow closed above 13,000 for the first time since May 2008 on Tuesday and the S&P 500 also hit a milestone, as buoyant U.S. consumer confidence data and a sharp drop in oil prices nudged the nearly five-month rally forward.
Commodity cues
Crude oil closed lower on Tuesday, on demand concerns after economic data from the U.S. showed declines in orders for durable goods and home prices. Gold inched higher on Tuesday after two sessions of straight losses, ahead of a major cash injection by the European Central Bank expected later this week, and a weaker dollar lent support and Silver surged on Tuesday, playing catch-up to gold.