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April 01, 2011 | 8.30 AM |
Markets likely to see a flat-to-positive start
On this first day of new financial year 2012, the Indian markets are expected to begin on a flat to positive note owing to gains in the Asian markets. |
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| Headlines for the day |
- SBI extends teaser home loan scheme by a month
- Indian IT cos chase outsourcing contracts worth $20 billion
- Macquarie SBI Infra invests Rs893 crore in GMR Airports
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| Events for the day |
- Monthly cement production & dispatches figures to be out
- Export & import data for Feb
- Monthly auto sales numbers to be out
- For more events and news, log on to Sharekhan.com
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| STOCK TO WATCH |  | |
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| FOREX | | |
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INDIAN INDICES | | |
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Indices | Support | Resistance |
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| Markets have been on a gaining momentum for eight successive days. On this first day of new financial year 2012, the markets are likely to extend gains. The start is expected to be on a flat to positive note as Asian cues seem to be quiet supportive.
The undertone of the markets looks good, but the rising crude oil prices may lead for a cautious trade.
It is an event packed day, as India's monthly auto sales numbers and cement production & dispatches figures will be out from today, which may provide some direction to the markets. This will lead to some action in the auto and cement stocks. Also, India's export & import data for the month of February 2011 will be announced today. |
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| FII/MF ACTIVITIES | | |
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As on 31-03-2011 | FII
(Rs cr) | MF*
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| Gross purchase | 3046.30 | 474.80 |
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| Gross sale | 2002.90 | 724.20 |
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| Net investment | 1043.50 | (249.30) |
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| Daily trend of FII/MF investment in equities
The FIIs have bought Indian stocks worth a net of Rs1,043.50 crore on March 31, 2011 as compared to the net buy of Rs1,500.30 crore on March 30, 2011. The domestic investors have sold Indian shares worth a net of Rs249.30 crore on March 30, 2011. |
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GLOBAL INDICES | | |
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 | The European markets fell on Thursday (March 31, 2011), halting an almost uninterrupted two-week rise as renewed fears over Portugal's debt crisis prompted investors to book profits on the last session of the quarter.
The US markets were little changed on Thursday as a middling reading on jobless claims failed to dent expectations about Friday's US payrolls report for March as the quarter quietly draws to a close.
Majority of the Asian markets were trading higher. However, the Tokyo market remained under pressure amid continued uncertainty about the outlook for corporates in the aftermath of last month's earthquake. SGX Nifty was trading 5.5 points higher. |
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Commodity cues
Crude oil prices jumped to their highest close in 2-1/2 years on Thursday in thin end-of-quarter trading that left Brent near a record quarterly rise of more than $22 as Libya's conflict and Middle East unrest kept supply threats in focus and US economic data added lift. |
| COMMODITIES | | |
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