Pre-Market: Positive start likely

Global cues favorable

Markets are likely to open positive following cues from global markets as more corporate numbers continue to impact investor sentiments.

U.S. stocks gained on the back of retail sales data, taking the S&P 500 to its biggest gain in two weeks. Dow added 95 points and Nasdaq jumped 20 points.

In Asia, markets mirrored US bourses. Nikkei and Hang Seng surged in morning deals. At 700 hrs IST the SGX Nifty was trading up 23 points at 5,727.

Market experts said the momentum oscillators continue to display a divergent pattern. In the near term, sustained trade above 5,675, can see the index bounce back to 5,800-odd level. On the other hand, the index can slip to 5,500-odd levels in case of persistent selling
pressure. On Tuesday, the Nifty is likely to seek support around 5,670-5,660, while face resistance around 5,700-5,715.

From individual stocks,The government will take a time-bound decision on the Rangarajan committee's recommendations on freeing the sugar industry and its report will not be put on "backburner", Food Minister K V Thomas said on Monday. This may bring the sector in focus.

Watch out for Tata Motors as the company's global vehicle sales fell 4% in September from a year earlier, the Indian company said, with
sales at its key Jaguar Land Rover subsidiary also falling 4%.

BHEL has set up a facility at its Electronics Systems Division here in collaboration with the country's space research nodal body ISRO for assembling and testing space grade solar panels using high efficiency solar cells.

Engineering and construction firm Unity Infraprojects has received orders worth Rs 315.8 crore. Engineering and construction company KEC International has bagged orders worth Rs 868 crore in different verticals, including telecom and transmission. These stocks may be in the limelight today.