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Markets are expected to open on a negative note and remain volatile on account of futures and options expiry of July contracts today.
At 8:15AM IST, SGX Nifty was down 33 points at 5972.
According to the technical charts “Huge built-up was seen in 5800-6000 puts but with IV's remaining at higher levels despite markets going up, we believe its blend of both long and short formation. ”.
Meanwhile Asian shares retreated from seven-week highs on account of profit-booking.
Among the key Asian indices, Japan’s Nikkei was down 0.5% to 14,662 in the opening deals.
Overnight, US stocks dropped as falling utility and commodity shares more than offset gains in the tech sector on Apple's solid earnings..
The Dow Jones industrial average slipped 25.50 points, or 0.16 percent, to end at 15,542.24 - a day after closing at a record 15,567.74. The Standard & Poor's 500 Index fell 6.45 points, or 0.38 percent, to finish at 1,685.94.
But the Nasdaq Composite Index inched up 0.33 of a point, or 0.01 percent, to close at 3,579.60.
Domestically, in the earnings calendar we have Bata India, Biocon set to unveil their first quarter results later today.
Following stocks are expected to move on the exchanges today:
The Central Bank has recorded a net profit of Rs 22 crore as against Rs 336 crore year-on-year basis. Its NIIM unchaged at 2.68%. Gross NPA rose 6.03% from earlier 4.08% q-o-q basis.
The Fast Moving Consumers' Goods (FMCG) major Dabur India has recorded a net profit of Rs 186 crore 24.99% increase in the first quarter ended June 30, 2013 on the back of good performance of FMCG segment, price hikes and cost efficiency measures.
The auto majot HeroMotocorp has recorded a net profit of Rs 548 crore in the first quarter. The company's total income for the quarter has been recorded at Rs 6,159 crore.
Tata Sponge Iron Ltd today reported a 39% drop in standalone net profit at Rs 18.04 crore
