Pre- market: Rangebound trend ahead of Aug CPI & July IIP data

Markets are likely to be range bound as investors will remain cautious as government will release the CPI data for August 2014 and the industrial production data for the month of July today.

The early indicator, SGX Nifty was trading marginally at 8,109 down 9 points at 0820 hrs.  

On the global front, US stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support.

The S&P energy index rose 0.1%, after trading down more than 1 percent earlier. Shares of Exxon Mobil, which had been down for much of the session, closed up 0.2%.

The S&P 500 had closed at a record high Friday and the index is up 8.1% for the year so far.

Asian markets are trading mixed on the final trading day of the week, following an uninspiring US lead.

STOCKS TO WATCH

Sun Pharmaceutical Industries is looking to get shareholders' approval to raise qualified institutional placement (QIP) worth Rs 12,000 crore at its 27th annual general meeting to be held by the end of September.

Buoyed by improved sentiment in domestic automobile market, Maruti Suzuki has scaled up its projection for growth in cars sales this financial year.

State Bank of India (SBI) has announced that it will open 20 more branches in the state by the end of calendar 2014.

ICICI Bank is set to raise benchmark size dollar bonds through its Dubai branch.

Tata Motors and Microlise, one of Europe's leading Telematics and Fleet Management solutions providers, announced their partnership to bring in the latest global Fleet Telematics solutions to the Indian Market.

Snowman Logistics debuts on the secondary equity market today. The company had priced the initial public offer (IPO) at the top end of the Rs 44 to Rs 47 per equity share price band.