Pre-market: Sensex to see a quiet opening

Markets are likely to open flat following cues from global peers.

The US markets were mixed on Thursday. The Dow dropped 37 points to 12,069. Nasdaq was up 15 points at 2,738.

Asian markets were trading on a flat note. Hang Seng added 126 points at 22,726. Nikkei was up 23 points at 10,476. However, Shanghai Composite dropped 1% to 2,852.

The SGX Nifty was pointing to a flat opening as the index traded unchanged at 5,263.

The markets will be looking towards the big events today - the Railway Budget and the Economic Survey. After Thursday's freefall of around 3%, investors would be trading cautiously.

The Sensex had closed at 17,632 - down 546 points. Renewed concerns on the geopolitical front and the resultant spike in crude oil prices, besides a jump in inflation, rollover pressures in wake of expiry of the current derivatives series and caution ahead of the annual Budget on Monday took the markets down.

The stocks to watch out for would be the Railway stocks - Kernmex Micro, BEML, Titagarh Wagons, Kalindee Rail. Others stocks to be looked at include telecom, SBI, Axis Bank, Jubilant, NMDC.