Market may open slightly lower.

Airline stocks and shares of PSU OMCs will be in action as state-owned oil companies on Saturday hiked jet fuel price by about 3%, the third time they have increased rates in March month. The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was hiked by Rs 1,850.96 per kilolitre (kl), or 2.8%, to Rs 67,800.30 per kl from 31 March 2012.


Key benchmark indices surged on the last trading session of Q4 March 2012 and the year ended March 2012 (FY 2012) on Friday, 30 March 2012 after Finance Minister Pranab Mukherjee said holders of participatory notes, or P-notes, will have no tax liability in India on the investments they make in the local equity market. The BSE Sensex jumped 345.59 points or 2.03% to settle at 17,404.20, its highest closing level since 21 March 2012.