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Pre-market: Shares seen opening down on global woes

Q3 earnings to weigh on investor's sentiments

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SI Reporter Mumbai

Markets are likely to mirror cues from global peers and trade in the negative zone. Investors will look at corporate numbers as results season beginning this week.

Infosys announces Q3 results on Friday, 11 January 2013. Axis Bank announces Q3 results on 15 January 2013.

US markes U.S. stocks slumped Monday as investors await corporate results later this week. Concerns about the nation's debt ceiling also lingered in the background. The Dow ended down 50 points at 13,384.

In Asia, markets slipped with Hang Seng, Kospi and Nikkei shedding nearly half a per cent each. At 700 hrs IST, the SGX Nifty was up six points at 6,016.

In individual stocks, GMR Infrastructure, after having weeks of discussions with National Highway Authority of India (NHAI), over getting various statutory clearances for its Rs 7,500-crore highway project connecting Rajasthan and Gujarat, has terminated the concession agreement for the same. This may bring the stock into focus.

Electrical goods maker Havells India today said it has inked a pact with a promoter entity whereby the trademark 'Havells' would be transferred to the company. Keep a look out for this stock.

Also watch out for Jet Airways, as it has cut fares for a limited period on select Dubai flights as part of its New Year offering.

Britannia may come into focus as it has restructured some of its key management posts, including that of Chief Financial Officer.

 

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First Published: Jan 08 2013 | 8:12 AM IST

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