Pre-Market: Stocks in focus

The markets are likely to open on a positive note tracking firm global cues. The decline in the crude oil prices is expected to boost the market sentiment.

 

The S&P 500 and the Nasdaq Composite indexes wrapped up a sixth straight quarter of gains on Monday, a streak not seen in more than 14 years.

 

Japan's Nikkei share average rose on Tuesday as upbeat China factory reports offset some weak spots in the Bank of Japan tankan survey.

 

Big Japanese manufacturers' business sentiment worsened in the three months to June but is poised to improve in the following quarter, the central bank survey showed.

 

Stocks to watch:

 

The Oil marketing companies are likely to remain in focus after the government hiked the price pf petrol by Rs Rs 1.69 per litre and Diesel by 50 paise.

 

The Auto shares are likely to benefit as the anticipated auto numbers, set to be released today, look positive. Two wheelers are likely to benefit the most.

 

The Tata group's holding company, Tata Sons, is pledging shares of group companies, including the most valuable firm, Tata Consultancy Services (TCS), to buy out NTT Docomo in Tata Teleservices. This fund-raising exercise is aside from a series of non-convertible debentures the Tata firm has issued.

 

Shriram Transport Finance Company is set to raise Rs 3,000 crore through a public issue of secured, redeemable non-convertible debentures (NCDs).

 

The Emami group is hopeful of buying out S K Todi-led Shrachi group’s 32 per cent stake in loss-making AMRI Hospitals within a month, Emami’s joint chairman R S Agarwal said on Monday.