Key benchmark indices are braced for a subdued start today, 15 September 2008 tracking negative global cues as sentiment remains edgy with the US investment bank Lehman Brothers Holdings prepared to file for bankruptcy as potential buyers abandoned talks. However crude oil prices at 6-month low below the $100 a barrel mark may lift the sentiment.

Asian markets were trading lower today, 15 September 2008. Taiwan's Taiwan Weighted plunged 3.01% or 190.05 points at 6,120.63 and Singapore's Straits Times fell 2.02% or 52.03 points at 2,518.64. Japanese markets were closed for Respect for the Aged Day and Hong Kong markets were shut for the mid-Autumn festival holiday.

US light crude for October 2008 delivery fell $1.52 to $99.66 a barrel today, 15 September 2008 on early signs that Hurricane Ike may have spared key Gulf Coast infrastructure, although traders were cautious on Monday as they awaited status reports on more Texas refineries.

US markets ended mixed on Friday, 12 September 2008, amid volatility as uncertainty over the fate of troubled investment bank Lehman Brothers. But shares of natural resource companies and utilities gained as commodity prices rose, offsetting losses among financial and bank shares. The Dow Jones industrial average slipped 11.72 points, or 0.10%, to 11,421.99. The S&P 500 index gained 2.65 points, or 0.21%, to 1,251.70, and the Nasdaq Composite index advanced 3.05 points, or 0.14%, 2,261.27.

Back home, heavy selling pressure in pivotals pulled the market sharply lower on Friday, 12 September 2008. The BSE 30-share Sensex lost 323.48 points or 2.26% to 14,000.81. and the S&P CNX Nifty was down 61.85 points or 1.44% to 4,228.45, on that day.

Weak global cues pulled the market sharply lower in the week ended Friday, 12 September 2008. The 30-share BSE Sensex shed 483.02 points or 3.33% to 14,000.81 and the S&P CNX Nifty fell 123.85 points or 2.84% to 4228.45, on that day.

Foreign institutional investors (FIIs) were net equity sellers worth Rs 1497.67 crore while mutual funds bought shares worth Rs 695.41 crore on Friday, 12 September 2008, according to provisional data on NSE. FIIs were net sellers of Rs 777.40 crore in the futures & options segment on Friday, 12 September 2008.