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Morning View:Markets may begin on a flat note

The Indian markets are set for a flat start tracking unsupportive Asian cues.Investors have simply run out of optimism. One of the big concerns is regarding downgrade in the US and if there is a downgrade what are the implications for emerging markets and risk assets like India.

Today’s start is expected to be on a flat note on the back of mixed Asian cues. The markets may remain in a tight band. Weekly inflation numbers will be declared today and may lead to a volatile trade.

New Listing: Mumbai based broking firm Inventure Growth and Securities will be listing its equity shares on the exchanges today. The company had managed to get good subscription and the issue price is set at the higher end of price band of Rs100-117 a share.

Daily trend of FII/MF investment in equities

The FIIs have sold Indian stocks to the tune of Rs82.70 crore on August 03, 2011. The domestic investors have sold Indian shares worth a net of Rs18.50 on August 02, 2011. The data is as per the SEBI website.