Pre-market: Cautious opening on cards

The markets are likely to open on a cautious note tracking global cues. Overnight, the Dow Jones industrial average was down 0.07% at 12,707.53. The Standard & Poor's 500 Index was up or 0.11% at 1,325.61.

Asian shares and major currencies were stuck in ranges on Friday ahead of key US jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on.

MSCI's broadest index of Asia-Pacific shares outside Japan stood down 0.1%, while Japan's Nikkei average opened down 0.3%.

Back home, the Nifty may face resistance around 5,295 – 5,310, while it may seek support around 5,245 – 5,230 levels, analysts say. At 715 am Indian Standard Time, the SGX Nifty was trading at 5,279 levels, up 5 points.

Among individual stocks, telecom stocks will continue to be in focus again today as the Supreme Court on Thursday ordered the cancellation of all the 122 unified access service licences issued in January 2008.

Ashok Leyland, will also be in limelight today on reporting a 56 %growth in net profit to 67 crore for the third quarter ended December 2011.

ACC and Ambuja Cements could also be in focus as they reported 9% and 4 %rise, respectively in sales during January.

Also keep a tab on Dr Reddy’s Labs, Power Finance Corporation, Rolta India and Tata Teleservices as they will announce their respective December quarter results.