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The markets opened in the negative territory today. At present, both the indices are trading very flat with the Sensex down 11 points at 15959 and Nifty down by 3 points at 4775. Banking stocks were under selling pressure, falling nearly 0.5 per cent. Auto and FMCG stocks also traded lower.

"Facebook will be floated on the stock market on 17 May - valued at an eye watering $100 billion!"

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"The social networking company, which lodged its initial public offering (IPO) documents at the start of February 2012, is believed to be working towards May 17 to float on the Nasdaq stock exchange. "

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