Pre-market: Choppy session seen

RIL, RPower to be in focus

The markets are likely to remain choppy within a range ahead of the F&O expiry for June series due Thursday.

Overnight, the Dow Jones industrial average edged up 0.3% and the S&P 500 Index gained 0.5%.

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was flat while Japan's Nikkei average opened up 0.2% on Wednesday.

Back home, the Nifty is expected to head lower till 5,065 with resistance around 5,137 in the short term, technical analysts suggest.

At 815 am Indian Standard Time, the SGX Nifty was trading up 21 points at 5,151 levels.

Among individual stocks, while BNP Paribas has reduced its weight on RIL and Infosys, Citigroup has downgraded IVRCL Infrastructure and upgraded Nagarjuna Construction to BUY. The development could see these stocks come back in limelight today.

Fitch Ratings has lowered the credit rating outlook of Shyam Telecom to negative on the back of cancellation of 21 telecom licences of its joint venture firm.

Petronet LNG will operate its upcoming five-million-tonne Kochi terminal at just 20% of its capacity for a year, due to delay in commissioning of the supply pipeline.

Reliance Power could be in limelight today after the power regulator, DERC, raised the domestic tariff in Delhi by 24.15% for the year 2012-13.

H&R Johnson India, a division of Prism Cement, is all set to enter the Indian wellness industry by the end of July. This could see the stock get back in limelight today.