 "Pre-Market: 5 stocks to watch")
Markets are likely to open flat today tracking mixed global cues. Further, markets this week will closely track events like the hearing of coal blocks allocation case in Supreme Court, industrial output figures and inflation data as investors await fresh triggers for benchmark indices to resume their upward journey.
Asian shares got off to a cautious start on Monday, while a plunge in sterling after a poll showed rising support for Scottish independence helped bolster the dollar.
Data on Friday showed U.S. nonfarm payrolls grew by only 142,000 last month. The downbeat jobs report suggested the Federal Reserve will hold off on hiking interest rates anytime soon, and helped the S&P 500 hit a fresh closing high.
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Japan's Nikkei stock average added 0.2 percent.
Stocks to watch:
Shares of metal and power companies will be in focus as the Supreme Court will hear the coal block case on Tuesday.
Maruti Suzuki has been compelled by the Haryana government to stop all construction work on a facility at Rohtak that where development and testing of cars took place for India and the world.
Dena Bank indicated that its asset quality will start improving from fourth quarter of this fiscal as it expects the decline to drop from that quarter. Asset quality of the bank is under pressure. Its gross NPA (non-performing assets) rose to Rs.3,169 crore in Q1 of this fiscal from Rs.2,616 crore in Q4 of previous fiscal. Gross NPA ratio was 4.21 per cent as against 3.33 per cent in Q4 of 2013-14. Similarly, the net NPA rose to 2.94 per cent from 2.35 per cent.
Deepak Fertilisers and Petrochemicals on Friday said it has formed a joint venture with Australia’s Platinum Blasting Services Pty for mining services in Brisbane.
Bharti Airtel is expected to reach an agreement on the sale of its telecom towers in Nigeria for more than $1 billion within the next three weeks. American Tower Company is expected to buy the 4,000 towers.