Pre-Market: Watch out for Idea, KPIT,SKS Micro and IRB

Markets likely to see a flat opening

Markets are likely to see a flat opening on account of muted Asian cues. Early indicator, SGX Nifty is down five points at 6,807.

In Asia, stocks crept cautiously higher on Tuesday after Wall Street notched up a late rally, but conviction was sorely lacking with Tokyo shut for a holiday and plenty of major events looming later in the week.

The South Korean market edged 0.1% higher. The lack of momentum showed in MSCI's broadest index of Asia-Pacific shares outside Japan which was dead flat after retreating by 1% on Monday.

Overnight, The S&P 500 ended higher on Monday after a volatile session, as gains in Apple and Pfizer helped offset another round of selling in some high-growth tech shares.

The Dow also managed to end the session with a modest gain, while the Nasdaq closed slightly lower after rebounding from a fall of over 1%. Leading the Nasdaq down was Amazon.com, which extended Friday's sharp drop a day after its earnings report.

The Dow Jones industrial average rose 0.53%, to end at 16,449. The S&P 500 gained 0.32%, to 1,869. The Nasdaq Composite dropped 0.03%, to 4,074.

Stocks to Watch

Sesa Sterlite and Bharti Airtel: Q4 numbers expected today.

Idea Cellular, SKS Microfonance and KPIT Tech:  Reported robust Q4 numbers post market hours yesterday.

IRB Infra: Procured a Rs 3200 crore order from NHAI.