Pre-market: Flat opening seen

Punj Lloyd, RIL, MTNL, NTPC to be in focus

The markets may see a flat opening on the back of mixed gloabal cues. At 800 am Indian Standard Time, the SGX Nifty was up 26 points at 5965.

Technically, the Nifty is likely to seek support around 5,895-5,890, while face resistance around 5,925-5,930

The US markets closed flat in narrow trading. The Dow logged a four-day rally, but gains were limited as investors remained reluctant to jump in amid ongoing "fiscal cliff" negotiations. The CBOE volatility index traded above 16.

Dow Jones Industrial Average was up 0.11% or 14.75 points at 13169.88. Nasdaq Composite was up 0.3% or 8.92 points at 2986.96. Standard & Poor's 500 was up 0.03% or 0.48 points at 1418.55.

Asian markets were trading mixed. China's Shanghai Composite was down 0.33% or 6.77 points at 2,077. Hong Kong's Hang Seng was flat at 22,289.95. Japan's Nikkei was down 0.46% or 44.29 points at 9,489.46.

STOCKS TO WATCH

Punj Lloyd Group today said it has bagged a contract worth Rs 528 crore in Singapore to construct a new prison headquarter.

MTNL is planning to raise about Rs 5,000 crore to Rs 7,000 crore by issuing sovereign bonds this fiscal year to reduce its debt burden.

NTPC has decided to sign fuel supply agreement (FSA) with Coal India with in a months time.

Bharat Electronics Limited India (BEL) on Monday said the company has signed a Memorandum of Understanding (MoU) with Israel Aerospace Industries Ltd. (IAI).