 "Pre-market: 5 stocks to be watched out for")
US stocks fell on Wednesday and the Dow ended below 15,000 amid concerns that global central banks are curtailing their stimulus measures.
The Dow ended down 127 points at 14,995 . S&P 500 ended down 14 points at 1,613 and Nasdaq Composite ended down 37 points at 3,400.
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Asian stocks were trading lower on Thursday with Japan’s Nikkei slumping nearly 4 per cent tracking weak overnight cues from the US. Singapore's Straits Times and Taiwan Weighted were down 1 per cent each.
At 8:20 hrs Indian Standard Time the SGX Nifty was down 50 points at 5,720.
According to technical experts, on the downside, the Nifty is likely to test 5,710-odd levels. In case of an up move, the Nifty may face resistance around 5,770-5,800. Today, the NSE index is likely to seek support around 5,740-5,725, while face resistance around 5,780-5,795.
Titan Industries will continue see some action even as reports suggest that the company may revamp its financial model for its gold business.
Sun Pharma said that it will pay a lump-sum of $550 million to settle an ongoing litigation pending in the US for its generic pantoprazole.
The government has fixed the floor price of MMTC’s share sale scheduled for Thursday at Rs 60 a share, a 71% discount to Wednesday’s closing price.
The board of Apollo Tyres has approved acquisition of US-based Cooper Tire and Rubber for $2.5 billion.
Larsen and Tourbo has bagged a Rs 900 crore contract from Wave Infratech to build residential towers in Noida.