Markets may see a flat to positive start on the back of muted global cues as activity was subdued across financial markets on Friday, with exchanges in Japan and the United States remain closed for holidays.
The SGX Nifty was up six points at 5640.5 at 700 am Indian Standard Time.
Technically, today Nifty is likely to seek support around 5,615-5,605 while face resistance around 5,640-5,650.
Asian shares marked time on Friday but were on course for a weekly gain of nearly 2 percent, after manufacturing surveys from China and the United States raised hopes that the global growth outlook is improving at last.
The euro was also enjoying a positive week, despite data on Thursday pointing to the euro zone sliding into its deepest recession since 2009, with the currency standing up around 1 percent on last Friday's close on optimism that a funding deal for debt-choked Greece will ultimately be agreed.
MSCI's broadest index of Asia Pacific shares outside Japan was little changed, with a rise of 0.2 percent in South Korean shares balanced by a similar percentage decline in Australian stocks.
STOCKS TO WATCH
CESC Limited may see a green tick as the company will take over power supply services from the Jharkhand State Electricity Board by early next year.
Sutlej Jal Vidyut Nigam Ltd (SJVNL), may see some gains as it is looking forward to add a wind-energy project to its fleet by September next year.
Ashapura Minechem will be in spotlight as Ashapura International , a subsidiary of Ashapura Minechem is planning to set up kaolin powder making plant at Bhuj in Gujarat.
Pharma companies, Claris Lifesciences and Intas Pharmaceuticals may see a red as both the companies came under the National Pharmaceutical Pricing Authority net for overcharging prices of medicines flouting the ceiling fixed by the regulator.
NTPC may see an upmove as it hopes to start construction work on its 1,600 MW (2x800) coal-fired plant at Darlipalli in western Odisha’s Sundergarh district from January 2013.
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