 "Pre-market: Markets likely to open flat")
Markets are likely to open flat on lacklustre cues. At 0830 hrs, the SGX NIfty was up 13 points at 6,166.
Globally, U.S. markets were closed for Thanksgiving Day.
Meanwhile, Asian shares were steady, with Japanese stocks poised for another strong session as the yen languished at a four-year trough against the euro and six-month low versus the dollar.
Japanese stocks paused for breath on Friday after hitting their highest closing level in nearly six years on Thursday, though they are still on track for their best November gain since 1998 as the yen tumbled.
Investors also modestly trimmed their positions in regional equities, with the MSCI Asia-Pacific outside Japan index off 0.1 percent after reaching its highest close in a week on Thursday.
Japan's benchmark Nikkei slipped 0.3 percent, though it is still up 9.4 percent this month as the yen slump against the euro and dollar.
MRF is likely to trade higher as the company posted a growth of 11.74% in net profit at Rs 184.10 crore for the quarter ended September 30, 2013, as against Rs 164.76 crore for the same period of previous fiscal year.
Wiprp may see some price action after India’s third largest IT company, has been threatened with legal action by authorities for allegedly not paying Rs 17 crore property tax as sought by the Bangalore municipal corporation.
On technical grounds, watch out for NHPC, PNB, Financial Technologies and Amtek Auto.
Globally, U.S. markets were closed for Thanksgiving Day.
Meanwhile, Asian shares were steady, with Japanese stocks poised for another strong session as the yen languished at a four-year trough against the euro and six-month low versus the dollar.
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Investors have been using the yen as a funding currency for carry trades with the Bank of Japan committed to keeping ultra-loose monetary policy to shore up growth -- a contrast with the U.S. Federal Reserve which is moving towards unwinding its $85 billion-a-month bond-buying campaign.
Japanese stocks paused for breath on Friday after hitting their highest closing level in nearly six years on Thursday, though they are still on track for their best November gain since 1998 as the yen tumbled.
Investors also modestly trimmed their positions in regional equities, with the MSCI Asia-Pacific outside Japan index off 0.1 percent after reaching its highest close in a week on Thursday.
Japan's benchmark Nikkei slipped 0.3 percent, though it is still up 9.4 percent this month as the yen slump against the euro and dollar.
MRF is likely to trade higher as the company posted a growth of 11.74% in net profit at Rs 184.10 crore for the quarter ended September 30, 2013, as against Rs 164.76 crore for the same period of previous fiscal year.
Wiprp may see some price action after India’s third largest IT company, has been threatened with legal action by authorities for allegedly not paying Rs 17 crore property tax as sought by the Bangalore municipal corporation.
On technical grounds, watch out for NHPC, PNB, Financial Technologies and Amtek Auto.