Pre-Market: Sensex may see a marginally higher opening

The Indian market is poised to open marginally higher as the pre-market indicator SGX Nifty is trading higher by 16 points at 5,943. Also, the Asian markets are trading mixed with Shanghai Composite, Hang Seng,Straits Times and Taiwan Weighted are all trading in the positive.

Hong Kong shares advanced after fluctuating in the opening trades due to the gains in Chinese insurers helping to compensate for yesterday'sweakness in property stocks after the People's Bank of China raised interest rates. The Hang Seng Index was up 0.3% at 24,210.

Chinese stocks also rose after a slow start as some analysts said the PBOC may not aggressively raise rates after Tuesday's move.The Shanghai Composite gaining 0.6% to 2,985.

Menawhile, Japanese stocks traded lower  with banks dragging the market as Japan's nuclear crisis remained unresolved, and an impending policy announcement from the Bank of Japan on Thursday. The Nikkei immediately gave up its initial gains to trade lower by 0.2% at 9,596.

The stocks to watch out for the day are Wipro, ADAG pack stocks, Cairn and pharma stocks.