Pre-Market: 5 stocks to watch out for today

Markets are likely to open on a cautious note a day after it gained smartly owing to a rally in heavyweights.

Overnight in the US markets, the bourses ended higher albeit paring early gains as worries continued over the Fed uncertainty. Dow added 65 points to 14,975.  Nasdaq was up 31 points.

The SGX Nifty was however down 25 points at 5866 at 800 hrs IST.

In Asia, most of the markets are in the green. The Nikkei has added 1 per cent to 13,990. Markets in Hong Kong, Taiwan and Seoul are also in the green.

Watch out for auto shares. Tata Motors reported 18.08% decline in total vehicle sales at 52,708 units in June 2013. At the same time, Mahindra & Mahindra reported 7.81% decrease in its total sales at 38,092 units in June, 2013.

Liberty Shoes is eyeing 25% growth in sales in the current financial year on the back retail expansion. The company plans to open 75 more stores in this calender year, in addition to 25 stores opened in the first half of 2013.

The State Bank of India has said that it has had a "fairly reasonable" growth in auto and home loans so far this fiscal. This may bring the stock into focus.

Muthoot Finance Ltd, India’s largest gold loan company, has applied for a banking licence to offer full fledged banking services.

Godrej Properties has bought back HDFC Asset Management Company Ltd's nearly 50% stake each in the realty firm's two projects at Chennai and Chandigarh for an undisclosed amount.