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The markets are likely to remain lacklustre with a positive bias in trade today tracking global cues.
Asian stocks rose on Wednesday following a positive lead from Wall Street. Yen took a defensive stance ahead of the outcome of the Bank of Japan's (BOJ) policy meeting.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, reversing some of Tuesday's 0.4 per cent decline. Australian stocks advanced 0.2 per cent, while the South Korean market climbed 0.4 per cent. Tokyo's Nikkei gained 0.9 per cent, breaking above 15,500 for the first time in over five years.
At 8:28am Indian Standard Time, the SGX Nifty was trading at 6,141– up 0.35 per cent.
Back home, among individual stocks, keep a tab on oil marketing companies. According to reports, the fair trade regulator, Competition Commission of India, has started investigation into alleged cartelisation by oil marketing companies in fixing petrol prices.
Ranbaxy will also be in focus on reports that the Drugs Controller General of India (DCGI) will examine all the dossiers and drug applications on the basis of which approvals had been granted to the company in the past.
Maruti Suzuki India has informed that Life Insurance Corporation of India has sold 2.53 per cent stake in the company over a period of almost six months. The stock could see some selling pressure as a result.
Also keep a tab on Thermax, L&T, NCC and Tech Mahindra as they will react to their respective March quarter results.
