Pre-Market: 5 stocks to watch out for today

Markets are likely to open weak tracking weak global cues.

Investors will remain cautious during the week ahead of the expiry of August derivatives contracts on Thursday and June quarter GDP data on Friday. The movement of rupee and foreign fund flows would also largely drive the stock market.

Meanwhile, the Lok Sabha approved a plan worth nearly $20 billion on Monday to provide cheap grain to the poor, a key part of the ruling Congress party's strategy to win re-election.

At 800 hrs Indian Standard Time the SGX Nifty was down 42 points at 5,492.

According to technical experts, the Nifty may seek support around 5,445-5,430, while face resistance around 5,505-5,525.

U.S. stocks fell in light volume on Monday after U.S. Secretary of State John Kerry called Syria's use of chemical weapons "undeniable." Major U.S. stock indexes gave up their gains and turned negative in the last hour of trading.

The Dow Jones industrial, Standard & Poor's 500 and Nasdaq Composite Index was down 0.01-4%.

Asian stocks slipped on Tuesday, while Brent crude held near a five-month high after the United States signaled possible military action against the Syrian government over a suspected chemical weapons attack.

MSCI's broadest index of Asia-Pacific shares outside Japan. Tokyo's Nikkei fell 0.7 percent, while the safe-haven yen edged higher.

STOCKS TO WATCH

Sebi has slapped a penalty of Rs 40 lakh on Ankur Drugs and Pharma for its alleged failure to make quarterly disclosures to the NSE about the shares pledged by promoters.

TPG has picked up a 22.6% stake in Shriram City Union Finance valued at about Rs 1,200 crore.

Titagarh Wagons has scrapped plans to demerge its coach manufacturing business into a new company, following sluggish order flow for wagons from Railways.

Jet Airways might merge the Jet Konnect (JetLite) fleet with its own under a single operating permit to improve efficiency.

Jaypee to sell Guj cement units to UltraTech at lower valuation.