Pre-Market: Flat opening expected

Frail global risk appetite ahead of key U.S. jobs data and central bank policy meetings in Japan and Europe

Markets are expected to open on a flat note tracking similar trend in Asian shares.

Global risk appetite was frail ahead of key U.S. jobs data and central bank policy meetings in Japan and Europe later in the week.

At 6:20AM IST, SGX Nifty traded down 15 points to 5752.

Asian shares traded flat in opening deals with Japan's  Nikkei stock average opening up 0.9 percent after tumbling to a one-month low on Tuesday.

Overnight, the S&P 500 closed at another record high, though it fell short of breaking above its all-time intraday high of 1,576.09. The Dow also ended at another record high after the U.S. government dropped plans to cut payments for private Medicare Advantage while factory orders data confirmed the economy is steadily improving.

Following stocks are expected to move today:

Kingfisher Airlines may see some action after the Bombay High Court refused to stop lenders  from selling the pledged shares for recovering their dues. Vijay Mallya-promoted UBI Holdings had pledged its stake in United Spirits Ltd (USL) and Mangalore Chemicals with the lenders as security against loans to the airline.

Rural Electrification Corporation (REC), a leading state-run infrastructure finance company in the power sector, is planning to raise Rs 35,000-37,000 crore in the current financial year compared with a borrowing of Rs 31,000 crore in the last financial year.

Zephyr Peacock, an India-focused private equity firm, has acquired a 25 per cent stake in Pennar Engineered Building Systems Limited (PEBS) for Rs 50 crore.