Pre-Market: Shares may open tad higher

Markets are likely to open higher tracking positive global cues. At Indian timing, 8am, the SGX Nifty was down 16 points at 5,895

Overnight, in the US markets, stocks rose with the S&P 500 index advancing for its longest stretch since early July, as an alternative proposal emerged that could avert a possible Western military strike on Syria.

Encouraging economic data from China reinforced the view the world's second-largest economy was stabilizing and gave investors further reason to buy.

The Dow Jones industrial average was up 0.85 percent, at 15,191. The Standard & Poor's 500 Index was up 0.73 percent, at 1,684. The Nasdaq Composite Index was up 0.62 percent, at 3,729.

Asian stocks added on to their gains, on track to post their 10th straight day of gains, while investors gave the safe-haven yen a wide berth as optimism for the Chinese economy grew and worries about U.S. military strikes on Syria receded.

Tokyo's Nikkei put on 0.8 percent and MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.2 percent.

Some of the stocks to watch out for in today's trade are Fresenius Kabi which is likely to gain after the SAT came to the rescue of pharma company by giving a green signal to delist after it set aside a Sebi order that had slapped stiff conditions on the company’s delisting plans.

Tata Steel is likely to get a boost as the work on the first phase of Tata Steel 's Kalinganagar project in Odisha, entailing an investment of the Rs 25,164 crore, is in full swing and operations are likely to commence in the last quarter of 2014.

TCS may see some gains on news that the software services firm has bagged a five-year multi-million euros deal from SAS Scandinavian Airlines to help transform and optimise its IT infrastructure.