Pre market: Markets likely to remain volatile

Aurobindo Pharma, Jet Airways to be in focus

Markets are likely to be volatile this week owing to the futures and options expiry on Thursday. Investors would be looking at the ongoing Winter session of the Parliament for fresh triggers.

Markets may also react to Euro-zone news flow as euro-zone leaders struggle to tackle Greek debt issue. In Asia meanwhile, markets are trading firm this morning with the Taiwan Weighted gaining nearly 2% and Hang Seng up 270 points.

At 700 hrs IST, the SGX Nifty was trading up 31 points at 5,663.

Among individual stocks, drug maker - Aurobindo Pharma may be in the limelight today. According to the US FDA enforcement report, Aurobindo has had to recall the Zolpidem batch because of 'adulterated presence of foreign tablets.

Jet Airways may be in focus as the civil aviation ministry might give it permission to join the Star Alliance simultaneously with state-owned Air India. Earlier, the government wanted the Star Alliance, comprising 27 airlines across the globe, to decide positively on AI’s membership first.

Vedanta group firm Sesa Goa may have to resort to imports of iron ore for feeding its 6.25 lakh tonnes pig iron plant in Goa due to a mining ban in the state.

Also watch out for NMDC as the company is allegedly exporting iron ore to Japan at a price that is one-third of the price that domestic industry is paying for the steel making raw material. The steel makers in Chhattisgarh are mulling a plan to block the transportation of iron ore from the NMDC facility if the mining major fails to take any decision to cut the price.