Pre-market: Five stocks to watch out for today

RBI's mid-quarter policy review and fiscal cliff talks to impact sentiment this week

The RBI’s mid-quarter monetary policy review on December 18 and continuing talks on US fiscal cliff will set the investor tone in the week ahead.

Technically, the NSE Nifty is likely to seek support around 5,860-5,850, while face resistance around 5,900-5,910.

On the global front, US stocks fell on Friday as another slide in Apple took a toll and investors unloaded some shares because of the uncertainty surrounding the “fiscal cliff” negotiations.

The Dow Jones industrial average slipped 35.71 points, or 0.27%, to 13,135.01 at the close. The S&P’s 500 Index fell 5.87 points. The Nasdaq Composite Index lost 20.83 points at 2,971.33.

Asian markets are trading mixed. At 700 am Indian Standard Time, the SGX Nifty was trading at 5,908 – down 12 points.

STOCKS TO WATCH

NALCO has raised aluminium prices by Rs 2,000 per tonne for all products in the domestic market, effective December 14, company sources said on Saturday.

Ranbaxy Laboratories plans to expand its Mohali facility starting 2014, primarily to meet the increase in demand from the US market.

Essar Shipping is planning to convert around Rs 800 crore of total Rs 5,500 crore debt into dollar loans to bring down the interest burden.

EID Parry India has bought the entire stake from its joint venture partner, Cargill Asia Pacific Holdings PTE, in Skill Sugar Private Ltd.

Taking forward the acquisition process, city-based drug maker Dr Reddy's Laboratories has said that it has made a public offer to acquire all shares of the Netherlands-based OctoPlus NV, a speciality pharmaceutical company.