Markets are likely to maintain range bound activity in trades today. According to technical analysts, the Nifty is likely to face resistance around 5,445-5,455, while on the downside the index can seek support around 5,415-5,405.
Overnight, US stocks ended marginally positive after a top German court said it supported the euro zone's new 700-billion-euro bailout fund to help the region battle its debt crisis
Asian shares eased on Thursday ahead of the U.S. Federal Reserve's decision later in the day, but investors remained optimistic of further stimulus action to bolster the world's largest economy.
MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1%. Seoul shares eased 0.3%.
Japan's Nikkei average opened down 0.1%. At 700 am Indian Standard Time, the SGX Nifty was trading at 5,449 - down 6 points.
STOCKS TO WATCH
Aurobindo Pharma received final approval from the USFDA to manufacture and market Escitalopram Oxalate tablets, indicated for treatment of depression associated with mood disorders.
CIL said it has earmarked Rs 24,500 cr capital expenditure over the next 5 years mainly to boost capacity and is also looking at spending another Rs 14,500 crore to augment rail infrastructure.
Wipro Infotech, the India and Middle East IT Business unit of Wipro, has inked a multi-year, multi-million dollar engagement with Qatar Airways.
The Cabinet Committee on Economic Affairs (CCEA) will meet today to discuss the divestment plan for various PSUs. The PSUs includes Hindustan Copper, Oil India, NALCO, NMDC and Neyveli.
ICICI Bank, HDFC Bank, and Axis Bank have slashed interest rates on retail term deposits across maturities.
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