Select Your Language

Morning View:Markets expect a flat opening


Today’s start is likely to be on a flat note owing to mixed Asian cues. Weekly inflation numbers will be announced today.
Indian Indices
The Indian indices are seen trading in a narrow range with moderate losses as a spike in crude oil prices continue to remain a cause of concern. If crude prices continue to remain at elevated levels, the traders expect that RBI may further take measures to stem the mounting inflationary pressure by hiking interest rates.

However, the downside risks may remain restricted as foreign institutional investors (FIIs)continued to pour in funds on expectations that the companies will report strong quarterly earnings for the fourth quarter.

Today's start is likely to be on a flat note on the back of mixed cues from the Asian markets. Weekly inflation numbers will be announced today. This may add some volatility to the markets.
Daily trend of FII/MF investment in equities
The FIIs have bought Indian stocks worth a net of Rs1,562.70 crore on April 06, 2011 as compared to the net buy of Rs4,087.30 crore on April 05, 2011. The domestic investors have sold Indian shares worth a net of Rs142.90 crore on April 04, 2011.
Global Indices
The European markets rose on Wednesday (April 06, 2011), adding to their three-week rally as investors looked beyond the European Central Bank's expected rate rise, brushing aside Portugal's debt woes and piling into recently-hit banks.

The S&P 500 inched forward on relatively light volume on Wednesday, with investors adding selectively to winning positions, this time in technology, avoiding large bets ahead of earnings.

The Asian markets were trading on a mixed note. Nikkei index was up 0.57%, while Hang Seng was down 0.22%. SGX Nifty was trading flat, down 0.5 points.