Rating cuts, by Moody's, of various eurozone nations is likely to take some of the sting away from the market.
Hong Kong's SC Lowy may be in talks with Kingfisher Airlines to invest about $280 million to help turn around the company.
Two events impacted the opening of Indian markets today. The TCS results and news that Reliance Industries' announcement of a share buy back.
If foreign airline decides to invest, a major chunk of the funds will be used for paying old dues and bank loans. Little will be available for operations and perhaps none for growth.
In line with global markets, Indian markets have opened higher with BSE Sensex opening 140 points higher.