Pre-market: Markets likely to slip in trades

The Indian markets are expected to open lower in today's trading session tracking weak global cues. Stocks in the US markets capped off a brutal day on Wall Street down 2%, as investors remained on the edge about the lack of progress leaders have made in solving US and European debt problems. The Singapore Nifty Futures are at 4,815, up 28 points.

The Dow Jones industrial average closed 249 points lower, or down 2.1%; the S&P 500 lost 23 points, or 1.9%; and the Nasdaq composite fell 49 points, or 1.9%.

Asian shares fell on Tuesday as fears about the ability of politicians on either side of the Atlantic to tackle huge debt burdens. The Nikkei opened down 1%, while MSCI's broadest index of Asia Pacific shares outside Japan fell 0.4%.

Back home, traders will keep an eye on the Rupee that lost 1.6% on Monday to end at 52.15 per dollar against the dollar. For the Nifty, technical analysts expect support at 4,720 and suggest that it will face resistance at 4,890–5,000 levels.

Among individual stocks, JSW Holding, Great Offshore, Gitanjali Gems, Kingfisher Airlines and K-S Oils are expected to react to the NSE’s decision to exclude them from its derivatives trading segment.

Larsen & Toubro is targeting overseas revenue growth as part of a strategy to beat the economic slowdown. This could bring the stock in limelight today.

According to rpeorts, Maruti Suzuki may see declining sales volume in the current fiscal year as the country's dominant carmaker suffered heavy production losses due to a labour strike, while demand for cars remains weak in the country. This stock should be kept an eye on.

Auditors to Jet Airways, the country's largest carrier, have warned that the company needs to raise money in order to meet its obligations and fund JetLite, its loss-making subsidiary whose net worth has already been eroded. This stock may be in the limelight today.

Sugar stocks are also expected be in focus ahead of the meeting of the Empowered Group of Ministers on granting permission for sugar exports.

Also keep a tab on Siemens that will announce its September 2011 quarter results today.