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Benchmark share indices are likely to open marginally lower amid weak global cues.
Asian share indices were down tracking overnight losses on Wall Street.
At 8:12AM Indian Standard Time the SGX Nifty was down 16 points at 6,307.
Key US share indices ended lower for the second straight session on Friday despite the fact that the US Fed will continue its bond buying programme. However, all three indices ended with gains for the month of October. The Dow Jones rose nearly 3%, the S&P 500 ended up 4.5% and the Nasdaq gained nearly 4%.
On Thursday, the Dow Jones industrial average ended down 73 points, or 0.5%, to end at 15,545.75, Standard & Poor's 500 Index closed 7 points, or 0.4% lower, at 1,756.54. The Nasdaq Composite Index lost 11 points or 0.3%, to end the session at 3,919.71.
Key European shares ended mixed on Thursday. The CAC-40 gained 0.6%, DAX rose marginally higher by 0.3% while the FTSE-100 ended down 0.7%.
STOCKS TO WATCH
Gilette India may be under pressure after the company reported 39.02% decline in net profit to Rs 15.14 crore for the quarter ended September 30, 2013. The company had reported net profit of Rs 24.83 crore for the same period last year.
Glenmark Pharma may see some action after the company posted a marginal decline of 1.6% in its net profit at Rs 154.2 crore for the second quarter ended September 30, 2013, as compared to Rs 156.7 crore in the same period last year. However, its consolidated revenue has increased by 17% to Rs 1,463 crore during the period.
Dr Reddy's Labs could witness activity after the company reported strong operating numbers for the quarter ended September. The company's consolidated net profit grew 76 per cent to Rs 690 crore during the quarter, on the back of higher margins, lower taxes and higher sales of its generics.
Apart from Punj Lloyd, Procter & Gamble paint companies will be in action today ahead of their second quarter earnings.
