Pre-market: Markets likely to see higher opening

The markets are expected to open higher on Monday, tracking gains in Asian stocks, after jobs and manufacturing data showed mid recovery in US.

On Friday, US markets surged to 5-year high with the Dow closing above 14,000 for the first time since October 2007, and the S&P touched its highest since December 2007 to end at 1,513.17.

Asian markets traded firm on hopes of global growth recovery after U.S. data showed on Friday payrolls rose by 157,000 last month, with upward revisions for November and December, while the Institute for Supply Management said its index of national factory activity rose to its highest since April.

Back home, markets are likely to take cues from  advanced economic growth estimates for the current fiscal year (FY13) which will be released on Thursday and third quarter earnings of blue chips like Mahindra & Mahindra and Hindalco , analysts suggest.

At 7AM IST, SGX Nifty traded at 6053.00, gaining 14 points from its previous close.

Among individual stocks,Tata Motors and Ultratech Cement will be in focus after  a sudden slump in the share price  in late market hours on Friday.

Hero MotoCorp, country's biggest two-wheeler manufacturer on Sunday said it has recorded highest monthly sales of 5,57797 units in January 2013.

In the results calendar, companies such as those of Bank of Baroda, Cipla, ACC, Ambuja Cement, Mahindra & Mahindra, Sun Pharmaceuticals, Hindalco Industries, ONGC, Tata Power Company, Tata Steel, Coal India, BPCL, Tata Motors, Dr. Reddy's Laboratories and Ranbaxy Laboratories will unveil their Oct-Dec quarterly performances this week.