The markets are likely witness a gap down opening tracking global cues. US stocks fell for a fourth day on Thursday after European Central Bank President, Mario Draghi, disappointed investors hoping for immediate action to contain the euro-zone debt crisis.
The Dow Jones industrial average and the Standard & Poor's 500 Index lost 0.7 per cent each.
The cautious sentiment was also visible across the Asian markets on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.4 per cent and Japan's Nikkei stock average slid 1.3 per cent at open.
Back home, the Nifty is likely to seek support around 5,217 – 5,210 and can face resistance around 5,238 – 5,245, technical analysts suggest. At 705 am Indian Standard Time, the SGX Nifty was trading at 5,225 – down 0.4 per cent.
Among individual stocks, keep a tab on telecom counters the Cabinet is likely to meet today to discuss the reserve price and usage charges of spectrum that is to be auctioned as per the Supreme Court order.
Mahindra Satyam, Glenmark Pharmaceuticals, Hotel Leelaventure and Madras Cements will react to their respective June quarter results declared on Thursday.
Bajaj Auto is likely to be in focus in trade today on reports that the company reported 3 per cent dip in July sales numbers.
Jet Airways, Marico, Moser Baer and SKS Microfinance are some of the prominent companies that will announce their respective June quarter results.
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