Market View Today

Like slight drizzle brings some relief from soaring heat and raises the hopes of a good monsoon,

The opening is likely to be positive, thanks to encouraging global cues. The main worry is that FII flows have not turned around. In fact, reports suggest some of them have switched to offshore alternatives to trade in Indian equities due to GAAR. All eyes are on monsoon. Another normal rainy season is crucial for India, which is battling a global slowdown and policy inaction. Telecom stocks will be in focus post the EGoM meet on 2G auction.

The ECB will hold its policy meeting today while Ben Bernanke will testify before the Congress on Thursday.
Conjecture about a possible repo rate cut by the RBI on June 18 has driven the sentiment in the past 2-3 sessions. But, it is still in the doubt, as sticky inflation, weak rupee and widening twin deficits may prevent the RBI from easing. Watch out for the latest current account deficit numbers later this month. Before that, markets will react to the latest IIP data and inflation numbers.
Greece election on June 17 is the most critical event of this month for the world markets. The end-of-the-month G-20 summit and FOMC policy meeting will also have a bearing on sentiment.

Market set to start on a positive note as SGX Nifty is trading 22.50 points higher.
Indian Indices
Today the global scenario looks favorable, which may result in positive opening of the Indian markets. SGX Nifty is also trading 22.50 points higher.
Global Indices:
Asian stock markets are mixed on Thursday (January 3, 2013), with Australia continuing to rise on relief over a fiscal-cliff deal, while currencies took pause after Wednesday's strong gains.
European shares posted stellar broad-based gains on Wednesday (January 2, 2013), as investors returning from the New Year's break cheered a deal in Washington to avert the so-called fiscal cliff, widely seen as potentially threatening a US recession.
US stocks kicked off the new-year with their best day in over a year on Wednesday, sparked by relief over a last-minute deal in Washington to avert the 'fiscal cliff' of tax hikes and spending cuts that threatened to derail the economy's growth.

The Indian markets expect to open on a flat to negative note tracking mixed global peers. SGX Nifty is also trading 15 points lower.
Indian Indices:
The Indian indices may open on a flat to negative note led by mixed global cues. SGX Nifty is also trading 15 points lower.
Results: Bajaj Holdings, TTK Prestige, Yes Bank, Bajaj Auto.
Global Indices:
Asian stock markets are trading mixed on Wednesday (January 16, 2013), as investors waited for more clues on global growth prospects, while the Japanese stock market took a break from its recent rally as the yen's decline paused.
European shares slipped for a fourth straight session and hit a two-week low on Tuesday (January 15, 2013), led by the banking sector and technical weakness in a leading index that is set to continue in the near-term.
Daily trend of FII/MF investment in equities:
The FIIs have been the net buyers Indian stocks to the tune of Rs1013.00 crore on January 14, 2013. The domestic investors sold Indian shares worth a net of Rs21.10 crore on January 11, 2013. The data is as per the SEBI website.
Commodity Cues:
Crude oil prices rose on Tuesday.

Indian markets are expected to open on a flat to positive note led by good global cues. SGX Nifty is trading 13 points higher.
Indian Indices
Dalal Street may witness flat to positive start tracking better global cues today. SGX Nifty is also trading 13.00 points higher.
On Tuesday (February 05, 2013), the Sensex shed 91.37 points to close at 19659.82 while the Nifty slipped 30.35 points to end at 5956.90.
Global Indices
Asian markets are trading with gains on Wednesday (February 06, 2013) as investors shrugged off the previous session’s Europe-inspired jitters, with Japanese shares finding an extra tailwind from renewed yen weakness.
European markets rebounded on Tuesday (February 05, 2013) from a sharp sell off in the previous session, as decent service-sector activity in the US, the euro zone and China helped to soothe frayed nerves.
US stocks rose on Tuesday after their worst session since November, as investors considered a deal by Dell Inc. to be taken private and data on the US services industry.
Commodity cues
Crude oil prices were higher on Tuesday (February 05, 2013), while gasoline and heating-oil prices were stronger on anticipation of tightening supplies.

The Indian markets may open on a negative note led by weak Asian cues. SGX Nifty is trading 17.00 points lower.

Indian Indices:

The Indian markets may carry yesterday's losses and open on a negative note led by unsupportive global cues. SGX Nifty is also trading 17.00 points lower.

Repco Home Finance initial public offering (IPO) opens today (March 13, 2013). The price band is Rs165-172 per equity share of face value Rs10 each.

On Tuesday (March 12, 2013), the Sensex settled at 19,564.92, down by 81.29 points while the Nifty closed at 5,914.10, slipping by 28.25 points.

Daily trend of FII/MF investment in equities:

The FIIs have been the net buyers of the Indian stocks to the tune of Rs1006.70 crore on March 11, 2013. The domestic investors sold Indian shares worth a net of Rs125.20 crore on March 07, 2013.The data is as per the SEBI website.

Global News:

Most Asia stock markets retreated gains on Wednesday (March 13, 2013), with Japanese shares pausing after a near 20% gain this year and Australian shares edging away from levels last seen in June 2008.

European stock markets bounced around, but struggled to find direction on Tuesday (March 12, 2013), as investors took in news of worsening prospects for the UK economy and a lackluster start for Wall Street.

US stocks fell on Tuesday, with the Dow Jones Industrial Average retreating after its longest winning streak in nearly a year, and the S&P 500 distancing itself from its record close.

Commodity cues:
Crude oil ground higher on Tuesday (March 12, 2013), pushing to a two-week high as investors await government data on US oil supplies.