Pre-Market: Markets likely to open in the red

Weak global cues to weigh in the opening trades

Markets are expected to open on a negative note tracking weak Asian shares.

Global risk appetite was frail after unexpectedly weak growth in U.S. private-sector jobs and services raised concerns over growth recovery in the world's largest economy.

At 6:10AM IST, SGX Nifty traded down 34.50 points to 5636.00.

Asian shares traded down in opening deals with Japan's  Nikkei stock average falling nearly 2% to 12,123.24.

The MSCI world stocks index slipped 0.7 percent to 357.51.

Overnight, Wall Street stocks fell, with the S&P 500 and Nasdaq losing more than 1 percent as the sharp drop in oil hit energy shares.

The Dow Jones industrial average dropped 111.66 points, or 0.76 percent, to close at 14,550.35. The Standard & Poor's 500 Index dropped 16.56 points, or 1.05 percent, to end at 1,553.69 while the Nasdaq Composite Index dropped 36.26 points, or 1.11 percent, to 3,218.60.

Following stocks are expected to move today:

Maruti Suzuki India Ltd, the country’s largest car maker’s ambitious Gujarat project has hit a land hurdle.

The Mukesh Ambani-led Reliance Industries Ltd (RIL) has parked more than Rs 800 crore in fixed maturity plans (FMPs) and other debt schemes of Reliance Mutual Fund led by younger sibling, AnilAmbani, market sources said on Wednesday.