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March 10, 2010 | 8.30 AM Markets to open flat on mix global cues Owing to the mixed global cues, the domestic markets are expected to open flat. Headlines for the day RBI may amend rules to control NBFCs turning LLPs--Business Standard NMDC may go in for monthly contracts--DNA Money Events for the day Ex-date for bonus issue of Chembond Chemicals in the ratio of 1:1 Ex-date for dividend of Glaxosmithkline Pharmaceuticals. Ex-date for dividend of Saraswati Industrial Syndicate. NMDC FPO opens today. DQ Entertainment IPO closes today. STOCK TO WATCH n DLF n INFOSYS n RIL n SATYAM n TATAMOTORS  FOREX Currency Level USD to INR 45.52 GBP to INR 68.35 Euro to INR 61.98 JYP to INR 0.51 INDIAN INDICES Indices Support Resistance Sensex 16669 17250 Nifty 4992 5180 The Indian markets are likely to open flat on the back of mixed cues from the global markets. The stocks are expected to remain range-bound. The market sentiment continues to remain positive, until the Nifty holds the 5000 mark. The investors are expected to be cautious, as the market may remain volatile for the day. FII/MF ACTIVITIES As on 09-03-2010 FII (Rs cr) MF* (Rs cr) Gross purchase 4461.30 796.80 Gross sale 2201.80 997.50 Net investment 2259.40 (200.60) *As on 08-03-2010 Daily trend of FII/MF investment in equities FIIs were net buyers in the cash segment on March 09, 2010 at Rs2259.40 crore, while the local funds were net sellers of Rs200.60 crore as on March 08, 2010. GLOBAL INDICES On March 09, 2010 the European markets closed lower for the second day, as weakness in the banking stocks and wider-than-estimated loss at EADS, offset gains in defensive food and pharmaceutical stocks. The US stocks managed to close slightly higher on March 09, 2010 as fall in the commodity prices pressured materials stocks, offsetting gains in the telecom and industrial sectors. In today's trade, all the Asian indices are trading in mix. At the time of writing of this report, SGX Nifty trades 12.50 points higher. Commodity cues In the commodity space, the Crude oil prices recorded loss for the second day, with the Nymex light crude oil for the April series declined by $0.25 per barrel, whereas in the metals space, the Comex Gold for the April series was down by $2.20 to a troy ounce and the Comex Silver for the May series rose by $0.06 to a troy ounce respectively.  COMMODITIES Commodity Level ($) Chg ($) Gold 1121.80 -2.20 Silver 17.33 0.06 Crude 81.24 -0.25 Manage your newsletter subscriptions To know more about our products and services, click here. ?This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. 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