New Page 1 As mixed signals coming from the global market, Indian markets are may open marginally higher and remain volatile.
Headlines for the day
EIH plans 750 more rooms for Trident - Business Line
DoT, Defence at odds over spectrum ownership - DNA Money
DLF to bring all rental properties under single entity - Business Standard
Dr Reddy's plans to launch Lipitor's generic version in US - Business Standard
Tata motors looks to rejig pensions at JLR - Business Standard
Events for the day
Major corporate action:
Ex-date for dividend of Gremach Infrastructure Equipments & Projects Ltd & GSS America InfoTech Ltd
Ex-date for interim dividend of Engineers India Ltd
Pre-market report
Global signals
On Friday, the European stocks ends lower, as banking stock falling, FTSE 100 closed 0.40% lower at 5197.
The US markets closed positive, as good quarterly results of Oracle & Research In Motion helped Tech stocks to surged. Nasdaq 100 gains 32 points and closed the day at 2212.
In today's trade, Asian indices showed the mixed trend. As indices like Nikkei & Kospi are trading in green, while Indices like Hang Seng, Straits Times & Shanghai Composite trading in red. SGX Nifty that opened weak, erased its all losses and at the time of writing this report it is trading 7 points higher.
Indian markets
The domestic indices are expected to open marginal higher, remain volatile as mixed signals are coming from the global market
Among the local indices, the Nifty could test the 5050-5100 range on the up side, while on the down side it could find support at 4920 and 4950. While the Sensex is likely to get support at 16700 and may face resistance at 17200.
Indian ADR's
Among the Indian ADRs trading on the US bourses, HDFC Bank, MTNL & Rediff are the only stock that end the day with losses. While rest of the ADRs end the day higher.
Commodity cues
In the commodity space, wherein the Crude oil prices recorded marginal gain, with the Nymex light crude oil for January series rose by $0.71 to settle at $73.36 a barrel.
In the metals space, Comex Gold for February series surges $4.60 to settle at $1112.00 to a troy ounce.
Daily trend of FII/MF investment in equities
On December 18, 2009, FIIs were the net buyers of the Indian Stocks in the tune of Rs104.56 crore (with the gross purchase of Rs2534.60 crore and gross sales of Rs2045.50 crore).
While the Domestic mutual funds, on December 17, 2009, were the net seller of the stocks in the tune of Rs27.20 crore (with gross purchase of Rs707.40 crore and gross sales of Rs734.60 crore).
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