Pre-market: Markets likely to be volatile

Automobile, OMCs and cement stocks will be in focus

Markets are likely to remain volatile as investors continue to book profits following the recent sharp run. Traders will also look at the HSBC India Manufacturing PMI for September 2012 which is to be announced later in the day.

In Asia, the Hong Kong and Chinese stock markets are closed on Monday. Japan's Nikkei is however trading down 80 points at 8870. Kospi and Taiwan Weighted are flat. The SGX Nifty is up 44 points at 5,726.

Automobile and cement stocks will be focus as companies from these two sector start unveiling monthly sales volume data for September 2012.

Oil marketing companies will undertake periodical review prices of jet fuel or aviation turbine fuel today. This may bring airline shares in focus.

Reliance Industries has sought approval for a proposal to triple its KG-D6 gas prices from April 1, 2014 after the current below market rate of $4.205 per mmBtu expires. The stock might be in the limelight today.

Steel Authority of India is likely to be in focus on plans to begin work soon on its 35,000-crore steel-cum-fertiliser complex at Sindri in Jharkhand.