Markets are likely to mirror cues from global peers and trade in the green. The result season, both in India and globally, would decided market direction from here on. The inflation data, set to come out later today, will also be looked at.
Among prominent results to watch out for are TCS on 14 January, Axis Bank on 15 January and Bajaj Auto on 16 January.
In Asia, markets traded on a mixed note. While Hang Seng added marginally to 23,298, Taiwan, Straits and Kospi declined in morning trades. At 700 hrs IST, the SGX Nifty was up 19 points at 5,991.
STOCKS TO WATCH
In individual stocks, look out for the aviation stocks. Low-cost carrier SpiceJet on Friday kicked off a price war in the lean season by slashing fares for one-way travel across the country to a consolidated Rs 2,013, including all taxes. The airline is offering one million one-way tickets, to be available only till Sunday, for travel to all domestic destinations it flies to between February 1 and April 31.
Shriram Transport Finance plans to raise about Rs 1,000 crore through a public issue (debt issuance). The non-banking financial arm of the Rs 60,000-crore Shriram Group also plans to foray into the rental business for vehicles and equipment.
Watch out for Inox Leisure, as the company is said to be in talks to buy out Essel Group's multiplex business, housed under E-City Ventures.
Life Insurance Corporation had sold 2.12 per cent stake in Cipla through open market transactions for Rs 665.4 crore. This may bring the stock into focus.
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