Pre-Market: 10 stocks that are likely to be in focus today

Markets are likely to open on a cautious note

Markets are likely to see a cautious start today tracking mixed global cues. Traders will also be eyeing the June quarter results of index heavyweight - Reliance Industries - due later in the day today.

US stocks rose on Thursday for a third straight day. The Dow Jones industrial average and the Standard & Poor's 500 Index gained 0.3 per cent each.

However, Asian shares were a tad weaker on Friday. Japan's Nikkei was down 0.3 per cent in early trading and the MSCI Asia Pacific ex-Japan index was down 0.1 per cent.

Back home, the Nifty is likely to seek support around 5,235 – 5,225, technical analysts say. At 705 am Indian Standard Time, the SGX Nifty was trading at 5,251 – down 0.3 per cent.

Stocks to watch

Among individual stocks, Maruti Suzuki will continue to remain in focus after unrest at its Manesar factory led to the production coming to a standstill.

Hero MotoCorp will react to the 10 per cent rise in its June quarter net profit announced Thursday.

Sun Pharma’s offer to buy the remaining stake in Taro Pharmaceutical Industries has been rejected by the latter’s board of directors. This could see the stock come back in focus.

Lodha Developers is reported to be close to signing a memorandum of understanding for buying DLF's 17-acre NTC land in Mumbai.

Jet Airways could also be in limelight on reports that the Income Tax Department has sent a notice to its chairman, Naresh Goyal, inquiring about his account with HSBC Bank in Geneva which contains Rs 200 crore.

Stocks of power equipment makets such as BHEL, L&T, Havells India are also likely to be in the limelight on reports that the Cabinet Committee on Economic Affairs (CCEA) has decided to impose 21% duty on import of power equipment.

Watch out for sugar sector stocks, as the CCEA also approved a 17 per cent hike in sugarcane price that mills pay to farmers to Rs 170 per quintal for 2012-13.

Besides these developments, a divestment of 10.82 per cent government's stake in Steel Authority of India (SAIL) also got CCEA's nod.

Besides Reliance Industries, Asian Paints, Crompton Greaves, Hindustan Zinc, United Phosphorous and UltraTech Cement are some of the other companies that will announce their respective June quarter results today.