Pre-Market: Tepid opening likely

Global cues positive

 Markets are likely to open in the positive zone following cues from global markets as more corporate numbers continue to impact investor sentiments. The Nifty is likely to seek support around 5,620-5,600, while face resistance around 5,680-5,695.

U.S. stocks gained amid better-than-forecast U.S. earnings and industrial production, while the euro and Spanish bonds gained. Dow
surged 128 points to 13552.

In Asia, Nikkei jumped, driven by rises in exporters and other blue chips in response to overnight gains on Wall Street. Nikkei was up 121 points while Hang Seng surged 215 points in early trades.

Market experts expect bears to be stronger in the near term. The NSE index is likely to face considerable resistance around 5,690-odd
levels, while on the downside the index is likely to test 5,575 soon. Further fall to 5,485-odd levels also cannot be ruled out.

From individual stocks,Jain Irrigation Systems Ltd has approved the raising of about Rs 610 crore through a combination of preferential
issue and foreign currency bonds. The company has approved a preferential issue of 4.97 crore shares of Rs 80 each to non-promoters
to raise about Rs 398 crore and raising $40 million through FCCBs. This can bring the stock into focus.

NIIT Technologies PAT for Q2FY13 declined 5.8 per cent and stood at Rs 43.1 crore compared to the same period. The revenues of the company for the July-September period stood at Rs 500 crore registering a growth of 34.8 per cent as against the same period last year.

Amara Raja Batteries Limited may come in the limelight on news that it has appointed Ravi Bhamidipati as an additional director and executive director of the company with effect from October 08 till March 31, 2014.