Shares of Indian companies having operations and exports to the UK which had plunged on Friday after Britain's exit from the European Union would continue to be in focus.
Tata Motors which had dropped over 8% could see some trend reversal in early trades. The company earns 25% of its total revenue from its UK-based subsidiary Jaguar Land Rover in Europe.
Tata Steel could remain weak as the Brexit development last week could result in delay in sale of its loss-making UK steel business.
Also Read
Among auto component manufacturers Motherson Sumi which earns nearly 70% of its revenues from exports to the Europe could still some selling pressure.
Max Ventures may see some uptick after large investors and mutual funds bought stake in the company from the open market post its listing.
Aban Offshore may gain after the company said that its subsidiary has received a Firm Letter of Award from ONGC for the deployment of the Drillship Aban Abraham for a firm period of 2 years.
Parag Milk Foods may gain after the company reported revenue of Rs 414 crore for the quarter ended March 2016 compared with Rs 387.5 crore in the same quarter last fiscal.
Tata Sponge may gain after the company said that it has emerged as a successful bidder for award of 24,000 Tonnes per annum of coal from Eastern Coalfields Ltd, a subsidiary of Coal India, at a notified price.
ARSS Infrastructure may firm up after the company announced that it has won a work order amounting to Rs. 44.04 Crores.