 "Pre-Market: Railway Budget, Feb F&O expiry eyed")
Benchmark indices are likely to start the session on a flat to positive note tracking strength in the global peers. However, domestic indicators including Railway Budget and Feb F&O expiry are likely to dictate the trend on the bourses later during the day.
GLOBAL MARKET
Asian shares prices held near five-month highs on Thursday after upbeat U.S. housing and Chinese factory data, while the dollar nursed modest losses following Federal Reserve Chair Janet Yellen's comments.
MSCI's broadest index of Asia-Pacific shares outside Japan. MIAPJ0000PUS stood little changed near the five-month high hit on Wednesday while Japan's Nikkei rose 0.2 percent.
Wall Street shares were narrowly mixed on Wednesday as a positive mood was offset by a 2.6 percent fall in Apple, which saw some profit-taking after gaining 21 percent since the start of this year.
The early indicator is trading 0.1% lower at 8,752 levels.
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STOCKS TO WATCH
Railway stocks including Titagarh Wagons, Texmaco, Kalindee Rail Nirman, BEML, Kernex will remain in focus as investors will keenly watch out for the Railway Budget which will be presented by the Rail minister Suresh Prabhu later during the day.
Ratan Tata, former chairman of Tata Sons, has confirmed Jaguar Land Rover, luxury vehicle arm of Tata Motors, is looking for a factory site in North America.
Tata Power has given its multi-year rates proposal to the state electricity regulator, proposing lower charges for residential, commercial and industrial users in this city.
The Cabinet on Wednesday approved 15,000 Mw of grid-connected solar power projects of state-owned National Thermal Power Corporation Limited (NTPC). This target is in line with the National Democratic Alliance government's ambitious target of 100,000 Mw of solar power by 2022.
Orient Green Power Company (OGPL) informed BSE it has divested the entire equity stake in its non-operative subsidiary Theta Wind Energy Private Ltd.
Canara Bank on Wednesday launched three premium card variants in association with MasterCard to expand its card base from the present level of 3.3 million. The bank launched Canara Credit Card World for customers with net annual income of Rs 7.50 lakh. Canara Business Debit Card is a global debit card targeted at SME customers.
State-owned IFCI declared 10 per cent interim dividend for 2014-15. The board has declared interim dividend of Rs 1 per equity share of Rs 10 each, IFCI said in a statement.
Private sector lender IndusInd Bank will issue long-term infrastructure bonds or non-convertible debentures on private placement basis to raise about Rs 2,000 crore.