 "Pre-Market: Positive opening likely on cards")
Benchmark US share indices ended higher on Thursday, amid a volatile trading session, ahead of the release of jobs data.The Dow Jones Industrial Average ended up 80 points at 15,041. S&P 500 ended up 14 points at 1,623 and Nasdaq Composite ended up 23 points at 3,424.
Asian stocks were trading mixed in early trades on Friday tracking overnight gains from the US. However, investors were cautious ahead of the US jobs data to be released later today. The Nikkei was down 1.1 per cent after the yen firmed up against the dollar while Taiwan Weighted was up 0.3 per cent, Kospi slipped 0.5 per cent and Straits Time was down 0.4 per cent
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At 800 hrs Indian Standard Time the SGX Nifty was down 25 points at 5,905.
According to technical experts, near term trend is down on charts, whereas bulls are expected to be stronger than bears only if index crosses above 5957. Traders stratgy would be sell on rise with a strict stoploss of 5957. Intraday trading Levels Buy Above: 5942 Resistances at 5955, 5975 and 6008. Sell Below: 5901 Supports at 5888, 5868 and 5834.
Shipping Corp will see some action after it signed a deal with state-owned gas utility GAIL India Ltd on Thursday for transporting liquid gas (LNG) from US.
Claris Lifesciences will see some activity after the company late Thursday announced that it has received ANDA approval for Levofloxacin Injection from the USFDA.
RPG Life Sciences may gain after the company said it has sold part of land at Navi Mumbai for Rs 76.91 crore.
Natco Pharma will be in action after the company reported a lower net profit of Rs 11.32 crore for the fourth quarter ended March 31, 2013 compared with Rs 12.65 crore in the same quarter last fiscal. However, net profit for the year ended March 31, 2013 increased to Rs 71.87 crore from Rs 59.61 crore last fiscal.
Satyam Computer said it has won a new multi-year contract with Bridgestone Europe for its managed services.