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Stock markets are likely to open flat with a negative bias amid subdued cues from Asia and weakness in US share indices in overnight trades.
Asian markets were trading mixed with the Shanghai Composite nearly unchanged while Hang Seng and Straits Times were trading flat with positive bias. However, Japan's Nikkei was down 0.1%.
At 8:20AM Indian Standard Time the SGX Nifty was down 21 points at 6,213.
The Dow Jones and S&P 500 extended losses on Tuesday amid weak outook from select corporates.
The Dow Jones Industrial average ended down 9 points, or 0.1%, to end at 15,967.03. The Standard & Poor's 500 Index lost nearly 4 points, or 0.2% at 1,787.87. The tech laden Nasdaq Composite Index ended down 18 points or 0.4% at 3,931.55.
Key European shares ended lower on Tuesday amid concerns over mixed earnings in the third quarter. The CAC-40 ended 48 points lower at 4,272.29, the DAX lost 32 points to end at 9,193.29, while the FTSE-100 ended 25 points down at 6,698.01.
STOCKS TO WATCH
DLF may be in focus after Rs 3,160-crore sales booking in the first half of the financial year — 138 per cent more than in the same period the previous year.
Direct-to-Home operator Dish TV may be in action after it has come out with a new initiative "request only basis", in which it will provide flexibility to customers to weed out the channels which they do not want to watch from their bouquet.
Kingfisher Finvest India, owned by Vijay Mallya, has sold 16 million shares in grounded Kingfisher Airlines. The sale is the second in a fortnight by the company, bringing down its holding in the airline to 0.29 per cent from 7.21 per cent at the end of September.
Private sector lender ICICI Bank will be in action after it late Tuesday said that its Dubai branch has raised $750 million in a 5.5-year overseas bond sale at a coupon of 4.80%.
UP Sugar mills will be in action after they sent closure notice to the state government under the industrial dispute act,
BayerCrop Science will be in focus after its buyback ends today.
