 "Pre-market: Cautious trades seen today")
After slipping below the key psychological levels yesterday owing to negative global cues, the markets could recoup some of their losses in trade today.
Overnight, US stocks finished well off their session lows on Thursday thanks to a rally in Hewlett-Packard's share price after the world's largest PC maker ed its outlook.
Asian shares, on the other hand, opened cautiously higher on Friday with Tokyo's Nikkei steadying from its biggest one-day drop in two years seen Thursday.
At 725am Indian Standard Time, the SGX Nifty was trading at 5,986 – up 0.2 per cent.
Among individual stocks, keep a tab on Tata Steel that reported its March quarter earnings post market hours yesterday. India's largest steelmaker by market value, swung to a loss in its fourth quarter, hit by weak demand in Europe, its top market and production region.
Wockhardt could lose $100 million in annualised revenue due to US Food and Drug Administration "import alert" on one of its plants, but said it should be able to restore most of that within 6 - 9 months.
JSW Steel has reported a drop of 62 per cent in consolidated net profit at Rs 296 crore for the fourth quarter ended March 2013.
Also keep a tab on Britannia Industries, Crompton Greaves, Jet Airways, Karur Vysya Bank, Spicejet and Uttam Galva as they will react to the March quarter results today.
Overnight, US stocks finished well off their session lows on Thursday thanks to a rally in Hewlett-Packard's share price after the world's largest PC maker ed its outlook.
Asian shares, on the other hand, opened cautiously higher on Friday with Tokyo's Nikkei steadying from its biggest one-day drop in two years seen Thursday.
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MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 per cent, while Japanese stocks climbed 3.4 per cent. Markets in Singapore are closed today.
At 725am Indian Standard Time, the SGX Nifty was trading at 5,986 – up 0.2 per cent.
Among individual stocks, keep a tab on Tata Steel that reported its March quarter earnings post market hours yesterday. India's largest steelmaker by market value, swung to a loss in its fourth quarter, hit by weak demand in Europe, its top market and production region.
Wockhardt could lose $100 million in annualised revenue due to US Food and Drug Administration "import alert" on one of its plants, but said it should be able to restore most of that within 6 - 9 months.
JSW Steel has reported a drop of 62 per cent in consolidated net profit at Rs 296 crore for the fourth quarter ended March 2013.
Also keep a tab on Britannia Industries, Crompton Greaves, Jet Airways, Karur Vysya Bank, Spicejet and Uttam Galva as they will react to the March quarter results today.