Markets are likely to open on a quiet note, going by the global market scenario. Markets across the globe fell as Lybia's escalating tensions worried investors.
US markets slipped on Tuesday - taking in the global losses after remaining shut on Monday. Dow dropped 1.4% to 12,213. Nasdaq slumped nearly 3% to 2,756. S&P 500 was down 2% at 1,315.
Asian markets were mostly in red this morning. Hang Seng was down 106 points at 22,884. Nikkei slipped 21 points at 10,644. Straits Times dropped 1% to 2,991.
SGX Nifty is pointing to a soft opening. The index was down 40 points at 5,435.
Back home on Tuesday, the Sensex ended down 142 points at 18,296 after a session of volatility. Nikkei ended down 49 points at 5,469.
Libya's political turmoil, New Zealand's earthquake and the Indian Prime Minister's request to the Lok Sabha Speaker to proceed with the JPC formation to investigate into the burgeoning 2G spectrum scam were looked at by investors.
Markets will continue to look out for Monday's Budget session. Indices may turn volatile today, ahead of the derivatives expiry on Thursday.
Stocks to watch out for the day would be Kotak Bank, Mahindra Finance, Petronet, Idea Cellular, Sun Pharma and NMDC.
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