Pre market: Markets likely to remain volatile

SGX Nifty was down 12 points at 5707.50

Markets are likely to remain volatile with the industrial output data and inflation figures playing spolisport amid the weak global sentiments this week.

Despite the festive cheer, global financial woes and "fiscal-cliff" of the US issues are likely to dominate investment sentiments.

Today, the markets are likely to open flat as the SGX Nifty is down 12 points at 5707.50 at 700 am Indian Standard Time.

According to technical analysis, the index is likely to face immediate resistance at 5,750-odd levels. On the downside, sustained trade at below-5,680 levels would see the index slip to 5,600-odd.

Asian shares were capped on Monday as investor sentiment was weighed down by concerns over U.S. fiscal woes as well as Greece's bailout, despite improving economic data from the world's two largest economies, the United States and China.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1% after ending last week down 0.7% at one-week low.

Japan's Nikkei stock average opened down 0.6% to a four-week low.

STOCKS TO WATCH

DLF, GMR Infra,Nestle,Opto Circuits,SpiceJet and Titagarh Wagons are expected to announce their Q2 numbers.

Unitech,Manappuram Fin and Lanco are likely to see a red tick due to their disappointing Q2 numbers.

Mahindra and Mahindra will be in spotlight after the company is said to be among potential suitors to take over Aston Martin. However, the high valuation and the substantial investment requirment are said to be dampners in this deal.

Cadila Healthcare may see a run up as the company will start commercial supplies to US-based pharma giant Abbott for over 30 products by end of the financial year 2012-13.

Orchid Chemicals will see some price action after it announced that it was exiting from its 50:50 manufacturing joint venture in China.