Markets are likely to open marginally higher this morning, following cues from the global bourses.
In Asia, markets are trading on a mixed note after Friday's smart rally. Hang Seng and Shanghai Composite have dropped 0.3% each while Nikkei has moved up 0.3%.
On Friday, Wall Street added smartly with the Dow gaining 14 points to 12,922 and Nasdaq surging 0.6% to 2,988.
Markets would be looking at the Railway Budget, Economic Survey and the Annual Budget due this week, for directions.
The SGX Nifty is up 27 points this morning at 5,399.
From individual stocks look out for Tata Steel. The company has started preparation to begin underground chromite mining at its leasehold area in Sukinda valley in jajpur district. Tata Steel had been excavating chrome ore from its mines in the area for nearly half a century by open cast method.
TV18 Broadcast may be in focus as the holding company, Equator Trading, has proposed to acquire for a consideration of Rs 1,925 crore, reported a loss of Rs 42 lakh for the year ended March 31, 2011, according to regulatory filings by the broadcaster.
Rail stocks are also likely to be n the buzzer ahead of Wednesday's Railway Budget.