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Pre-market: Weak global cues may drag markets at start

Headlines for the day
  • HDFC Bank raises $500 mn in overseas bond sale at 3% coupon
  • MMTC stake sale on March 14, could fetch Rs300 cr
  • 5-6% growth not sufficient: RBI Governor
  • NTPC plans Rs20,200 cr capex for 2013-14


    INDIAN INDICES
  • The Indian equities may start the trading session on a soft note tracking unsupportive global cues. SGX Nifty is also trading 31.50 points lower.

    On Friday (March 04, 2013), the Sensex closed at 18918.52, up by 56.98 points while the Nifty settled at 5719.70 rising by 26.65 points. 
  • Daily trend of FII/MF investment in equities
    The FIIs have been the net sellers Indian stocks to the tune of Rs1274.60 crore on February 28, 2013. The domestic investors bought Indian shares worth a net of Rs470.40 crore on February 28, 2013.The data is as per the SEBI website.

    GLOBAL INDICES
  • Asian shares eased on Monday (March 04, 2013), with sentiment hurt by a patchy global growth outlook and weak data from Europe, but losses were limited as robust U.S. economic figures overshadowed worries about automatic spending cuts hurting the U.S. economy.

    European shares edged lower on Friday (March 01, 2013), impacted by weaker bank and mining stocks, and traders expected equities to stay trapped in a tight range this month with uncertainty over Italian elections denting sentiment.

    US stocks advanced modestly on Friday, leaving the S&P 500 with slight gains in a volatile week as strong economic data overshadowed growth concerns in China and Europe and let investors discount the impact of expected government spending cuts.

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