Pre-Market: Volatile trade seen for the day

Eye on WPI data for May due later today

Domestic cues are likely to take centre stage with the traders eyeing the wholesale price index, or WPI, data for May due later in the day
today. A Reuters poll sees wholesale price index rising 7.6% in May versus a year ago, the fastest pace for the year.

Wall Street ended lower on Wednesday as fears ahead of the Greek elections over the weekend drove down a market that had been treading water through most of the day. The Dow Jones industrial average lost 0.6% and the Standard & Poor's 500 Index shed 0.7%.

In Asia, Japan's benchmark Nikkei average opened down 0.7% on Thursday, while the broader Topix shed 0.5%. At 705 am Indian
Standard Time, the SGX Nifty was trading at 5,119 – down 0.2%.

Among individual stocks, keep a tab on rate sensitive stocks as the WPI data for May and the IIP numbers released earlier this week could give a cue for what the RBI may do in the upcoming policy review.

Moser Baer India is looking to restructure foreign currency convertible bonds worth $150 million, maturing this month. This could
bring the stock back in limelight today.

The price of crude oil purchased by Indian refiners has dipped to $95.75 a barrel raising hopes of another cut in petrol prices.

Coal India has put on hold its initiative to acquire foreign assets and has stopped talks with all foreign companies that it had started
dialogues with.