Pre-Market: Weak start seen

RIL, Maruti Suzuki, HUL to be in focus

Check out the factors that are likely to impact the sentiment today, including the stocks that you should keep a tab on.


Global and domestic cues will impact sentiment today as the markets react to the results of Reliance Industries that were declared post market hours on Friday, and the developments at Maruti Suzuki’s Manesar plant following the labour unrest last week.

Traders will also be mindful of the F-and-O expiry of the July series this Thursday and the Reserve Bank of India’s Monetary Policy review on July 31.

Asian markets dipped on Monday, as concerns grew about Spain's ability to stave off a sovereign bailout. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 per cent, while Japan's Nikkei stock average opened down 1 per cent.

Back home, the Nifty is likely to face considerable resistance in around 5,250 – 5,285. On the downside, the index can seek support at around 5,090-odd levels, analysts say.

At 705 am Indian Standard Time, the SGX Nifty was trading at 5,175 – down 0.8 per cent.

Stocks to watch

Among individual stocks, keep a tab on Reliance Industries as it reacts to the 21 per cent dip in its June 2012 quarter net profit, reported post market hours on Friday.

Maruti Suzuki will also remain in focus given the labour problems that re-surfaced at its Manesar plant last week.

Reliance Communications could also be in focus on reports that it has put on hold the $1-1.5 billion initial public offering (IPO) of its underseas cable unit Flag Telecom in Singapore.

Dabur India, Hindustan Unilever, Idea Cellular, Larsen and Toubro and Tata Global Beverages are some of the prominent companies that will announce their respective June quarter results today.