Pre market: 4 stocks to watch out for today

Q3 results to weighon investor's sentiments

Markets are likely to follow global cues for direction this week. Investors will look at corporate numbers as results season begin this
week.

Infosys announces Q3 results on Friday, 11 January 2013. Axis Bank announces Q3 results on 15 January 2013.

US markes surged on Friday and ended at multi year high. In Asia this morning the Nikkei and Hang Seng are marginally down. At 700 hrs IST, the SGX Nifty was up 20 points at 6,063.

In individual stocks, state-run Gujarat State Petroleum Corporation announced it has booked 2.25 million tonne per annum natural gas re-gasification capacity offered by LNG at its Dahej terminal in Gujarat.

Two workers died and nine others fainted on Saturday after they inhaled poisonous gas at a lead plant owned by Hindustan Zinc in Rajsamand district of Rajasthan, police said.

 

In otherwise, a major fire broke out at Indian Oil Corporation's Hazira Terminal in Gujarat this afternoon. The fire was reported at one of the storage tankers containing petrol at IOC's Hazira complex. Keep an eye on IOC and Hindustan Zinc.

Petroleum minister, M Veerappa Moily, has allowed Reliance Industries and Cairn India to explore oil and gas within producing fields, subject to conditions. Cairn India and Reliance might be in the limelight today.