 "Pre-Market: Cautious opening on cards; PMI eyed")
Markets are likely to open in the positive zone, albeit on a cautious note. Investors would be looking at the HSBC India Manufacturing PMI which will be later in the day. FII acitivity and the rupee will also be in focus.
While the US markets ended weak last Friday, it is not likely to see any more panic selling. The SGX Nifty, meanwhile, is up 13 points at 5840.
In Asia, The Nikkei slipped half a per cent to 13607. Shanghai and Taiwan markets were also down around 0.5% each.
The decision of the Cabinet Committee on Economic Affairs to double natural gas prices to $8.4 a million British thermal unit from April 2014 may bring shares of ONGC, Reliance, Cairn India into focus.
Look out for the FMCG majors - HUL and P&G. While P&G is likely to expand its brand with new launches soon, HUL has decided to contest the charges made by Eureka Forbes.
While the US markets ended weak last Friday, it is not likely to see any more panic selling. The SGX Nifty, meanwhile, is up 13 points at 5840.
In Asia, The Nikkei slipped half a per cent to 13607. Shanghai and Taiwan markets were also down around 0.5% each.
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Look out for auto and cement shares. The companies from these sectors start unveiling their monthly sales figures for June month starting today.
The decision of the Cabinet Committee on Economic Affairs to double natural gas prices to $8.4 a million British thermal unit from April 2014 may bring shares of ONGC, Reliance, Cairn India into focus.
Look out for the FMCG majors - HUL and P&G. While P&G is likely to expand its brand with new launches soon, HUL has decided to contest the charges made by Eureka Forbes.