Pre-Market: Weak opening seen on global concerns

The SGX Nifty is pointing towards a weak session of trade. The index is down 66 points at 5799.

Markets are likely to extend Tuesday's losses owing to global cues.

Markit Economics will unveil the result of a monthly survey on the performance of India's services sector for June 2013 today. The HSBC Markit Services Purchasing Managers' Index rose to 53.6 in May from 50.7 in April.

In US, markets slipped on Tuesday  as investors tuned into the political turmoil in Egypt and took a cautious approach ahead of Friday's jobs report.The Dow dropped 43 points at 14,932.

Asian markets, taking cues from Wall Street, have opened lower. Nikkei has reversed gains after four days, and is trading down 72 points at 14,026. The SGX Nifty is also pointing towards a weak session of trade. The index is down 66 points at 5799.

Employees of Neyveli Lignite Corporation has started hunger strikes to resist the Union government's plan to divest 5 per cent stake in the company.

RIL's Gapco is looking at expanding in Africa. Gapco, Reliance's international fuel retailing venture, operated a total of 131 outlets in the East African region.

Meanwhile, Oil India may come into focus after the company said it has incurred a loss of around Rs 200 crore in 2012-13 due to hostile working environment in Assam like bandhs, threat to staff and obstruction for not meeting local bodies' demands.

Major drug makers, including Sun Pharmaceutical Industries and  Lupin, are strongly opposing the government’s recent move to ban the popular anti-diabetic drug, in India.