Pre-market: Weak opening seen, SGX Nifty slips 45pts

The Indian markets are likely to open on a weak note tracking global cues. World stocks and oil prices fell on Thursday as a rise in Spain's borrowing costs to almost 7% at an auction fed fears that the euro-zone debt crisis could spread further. Key Wall Street stock indices fell more than 1 per cent, with the Nasdaq slumping more than 2%.

Asian shares fell for a fourth day in a row and the dollar firmed on Friday as Europe's funding difficulties intensified. MSCI's broadest index of Asia Pacific shares outside Japan fell 1% and Japan's Nikkei stock average opened down 1.2%.

Back home, analysts suggest the Nifty could see a sharp sell-off and test sub 4,800-levels in trade today. At 715 am Indian Standard Time, the SGX Nifty was trading at 4880, down 45 points.

Among individual stocks, Suzlon Energy could be in focus today after one of its promoter groups – Samanvaya Holdings – sold 2.08% stake in the company for 100.45 crore.

Pantaloon, Trent and Shoppers Stop could also garner limelight on reports that the government is considering 100% FDI in single brand and 51% in multi-brand retail.

Also keep a tab on RIL and ONGC in trade today as a high-level panel of secretaries has recommended rejecting bids of these two companies for the Andaman sea block.

Everonn Education is reported to be close to sealing the largest PE deal in the education space. This could generate some investor interest in the stock.