Pre-market: Stocks to watch out in trade today

HCL Technologies, Maruti Suzuki, Hero MotoCorp, Titan, L&T, Suzlon and SPARC will be in focus today

Following are the stocks that would be in action in today's trade.

HCL Technologies will be in focus after dollar revenue growth for April-June was $1,538 million was in line with expectations while net profit was lower-than-expected at Rs 1,783 crore. Rupee revenue for the quarter stood at Rs 9.777 crore.

Hero MotoCorp will also announce its first quarter earnings today. According to reports, the two-wheeler major's July market share has dipped to a 12-year low because of intense competition.

Maruti Suzuki may gain after the country’s largest passenger vehicle manufacturer, reported a 22.5% growth in domestic sales for July.  

L&T is likely to remain subdued on weak earnings. Consolidated net profit decline 37% to Rs 606 crore, against Rs 967 crore in the corresponding period last year.

Titan may remain weak after the company reported a 15% per cent decline in profit after tax at Rs 151.06 crore for the first quarter ended June 30, due to decline in jewellery sales.

Suzlon may gain after the company said it delivered its best quarterly result after three years, reported operating margin of 15.3 per cent and lowered its debt costs.  Excluding the exceptional gain of Rs 1,314 crore, it made a loss of Rs 279 crore in the quarter under review. The company had reported a loss of Rs 750 crore for the same quarter last fiscal.

SPARC may gain after the company said the USFDA has issued a Complete Response letter to its new drug application Xelpros, Latanoprost BAK-free eyedrops.

Markets are likely to open flat, amid weak Asian cues, with stock specific action seen post the first quarter earnigns.

At 8:30AM, the early indicator SGX Nifty was trading flat at 8,574.

Meanwhile, foreign portfolio investors were net sellers in equities to the tune of Rs 278 crore on Friday, as per provisional stock exchange data.

GLOBAL MARKETS

Asian markets were trading lower tracking weakness in global markets. Japan's Nikkei was down 0.5% while Shanghai Composite was down 1.5% and Hang Seng eased nearly 1% while Straits Times was trading marginally lower.

US stocks ended lower on Friday amid weak earnings from oil majors such as ExxonMobil and Chevron and further easing of crude oil prices. The Dow Jones ended down 0.3% while S&P 500 ended 0.2% lower.