 "Pre-market: Flat opening seen amid weak Asian cues")
Markets are likely to open flat with a negative bias tracking weakness in its Asian peers.
At 8:35AM, the SGX Nifty was down 8 points at 6,807.
Asian markets were trading lower as investors turned cautious tracking weakness on Wall Street last week and the escalating tensions in Ukraine.
Stocks on Wall Street ended lower on Friday amid weak corporate earnings while the emerging crisis in Ukraine also weighed on investor sentiment.
The Dow Jones ended down 140 points at 16,361.46, the broader S&P 500 lost 15 points at 1,863.40 and the tech laden Nasdaq ended down 73 points at 4,075.56.
Stocks in Focus
Jet Airways may see some pressure after the Securities and Exchange Board of India (Sebi) is likely to rule in favour of Etihad Airways, clearing it of any takeover code violation while buying a 24 per cent stake in Jet Airways. A green signal from Sebi will bring the curtains down on the regulatory hold-up of the Rs 2,000-crore acquisition.
IDFC is likely to react to its weak Q4 earnings as profits fell sharply on account of high provisioning.
Bajaj Auto may see some action after its employees’ union on Sunday deferred a proposed strike from Monday for two weeks, saying workers had decided to give more time to the management to consider their charter of demands.
Siemens India may gain on the back of improving margins in March quarter.
Sasken Comm may react to its weak Q4 earnings on the back of decline in operating margins.
Among the major companies that are scheduled to announce their earnings today include Idea Cellular and Hindustan Unilever.
At 8:35AM, the SGX Nifty was down 8 points at 6,807.
Asian markets were trading lower as investors turned cautious tracking weakness on Wall Street last week and the escalating tensions in Ukraine.
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The Nikkei was down 1.2%, Shanghai Composite was down 1% while Hang Seng was down 0.5% and Straits Times was down 0.3%.
Stocks on Wall Street ended lower on Friday amid weak corporate earnings while the emerging crisis in Ukraine also weighed on investor sentiment.
The Dow Jones ended down 140 points at 16,361.46, the broader S&P 500 lost 15 points at 1,863.40 and the tech laden Nasdaq ended down 73 points at 4,075.56.
Stocks in Focus
Jet Airways may see some pressure after the Securities and Exchange Board of India (Sebi) is likely to rule in favour of Etihad Airways, clearing it of any takeover code violation while buying a 24 per cent stake in Jet Airways. A green signal from Sebi will bring the curtains down on the regulatory hold-up of the Rs 2,000-crore acquisition.
IDFC is likely to react to its weak Q4 earnings as profits fell sharply on account of high provisioning.
Bajaj Auto may see some action after its employees’ union on Sunday deferred a proposed strike from Monday for two weeks, saying workers had decided to give more time to the management to consider their charter of demands.
Siemens India may gain on the back of improving margins in March quarter.
Sasken Comm may react to its weak Q4 earnings on the back of decline in operating margins.
Among the major companies that are scheduled to announce their earnings today include Idea Cellular and Hindustan Unilever.