Pre-Market: 5 stocks to watch out for today

Markets are likely to make a flat opening tracking mixed global cues. The early indicator, SGX Nifty is down 13 points at 6,086.

Markets gained yesterday after the Finance Minister P Chidambaram forecasted GDP growth rate of atleast 5.2% in the last two quarters of the current fiscal.

On the global front, a string of disappointing US data pinned the dollar near six-week lows against a basket of currencies on Tuesday, while Asian share markets held steady after notching up solid gains in recent sessions.

The dollar index stood at 80.114 near its lowest level so far this year while gold and silver stood near 3 1/2-month highs on the back of the dollar's weakness.

MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed at 459.77 after a US market holiday on Monday, though it stood near its January 13 peak of 460.93 after posting solid gains in the past 10 days.

Japan's Nikkei stock average rose 1.1% thanks to a pullback in the yen, building on a 0.6% rise the previous day.

Back home, ABB, Glaxosmit Pharma and Guj Pipavav Port will unveil their third quarter earnings today.

STOCKS TO WATCH

Kingfisher Airlines Chief Executive Officer Sanjay Aggarwal has quit after three and a half years at the Vijay Mallya-led air carrier.

Disinvestment of the government's remaining stake in Hindustan Zinc and Bharat Aluminium will happen next financial year.

GSK Rs 6,400 crore open offer commences today and will close on March 5

Force Motor promoter acquires 6.3 lakh shares on spot delivery basis on February 17, 2014.

Axis Bank stake sale will be completed by March-end.