Pre market: Markets seen down on weak global cues
Asain markets fall as US budget talks stall
The markets are likely to start off the day on a negative note on the back of weak global cues.
According to technical analysts, the Nifty is likely to seek support around 5,920-5,910, and face resistance around 5,940-5,950.
On the global front, US markets ended weak with Dow, NASDAQ declining between 0.3-1%.
Asia markets are trading weak.
At 700 am Indian Standard Time, the SGX Nifty was trading at 5,959 – up 7 points.
STOCKS TO WATCH
Indiabulls Real Estate has bought back five crore equity shares from the shareholders through the open market for about Rs 273 crore.
RIL plans to invest $10 billion on 4G network of its subsidiary Infotel Broadband (IBSL), one of its vendors 'Spirit DSP'.
Jayashree Chemicals is staring at closure, with an accumulated loss of over Rs 15 crore.
Hatsun Agro Products has lined up Rs 160 crore investment to set up two new plants and other related expansion activities over the next one year.
Lupin has got a much-awaited approval from the US Food and Drug Authority for its oral contraceptive tablets.