Pre-Market: Choppy session ahead

Domestic factors like inflation numbers, IIP data weigh

The markets are likely to remain choppy in the coming days tracking the developments in the euro-zone over the weekend.

Market experts suggest that the sentiment will be influenced in the days ahead by a combination of domestic and global factors such as inflation numbers, IIP data, monsoon's progress and outcome of Greece elections. For the week ended June 8, the 30-share Sensex and the Nifty surged 4.7% each.

Over the weekend, euro zone finance ministers agreed to lend Spain up to 100 billion euros to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits report in just over a week.

Risk assets jumped on Monday after Eurozone finance ministers agreed on loans to help Spain's battered banks. The Nikkei 225 and the KOSPI gained 2.3% and 1.8%, respectively. The Straits Times and the Taiwan Index moved up 1.8% each.

At 705 am Indian Standard Time, the SGX Nifty was trading at 5,127 – up 1.1%.

Among individual stocks, Mahindra Satyam has filed a suit against its former Board of Directors and audit firm PriceWaterhouse, claiming around Rs 275 crore as damages from the previous management.

Also keep a tab on Reliance Capital on reports that the RBI has approved Reliance Group's Rs 1,450-crore stake sale in its mutual fund
business unit to Japan's Nippon Life.

Eros International has put on hold its plans to get listed in the US stock market in the wake of tough market conditions.