Pre-market: Vigilant opening on cards

The Indian markets are likely to open on a cautious note tracking global peers. In US, stocks climbed higher in the final hour of trading after a choppy day. Investors shifted their focus to Italy, as it appeared that Greece is finally getting its house in order. The Dow Jones industrial average was up 0.71% at 12,068. The Standard & Poor's 500 Index gained 0.63% to 1,261. The Nasdaq moved up 0.3%. The Singapore Nifty futures are at 5,316, up 52 points.

In Europe, Italy overtook Greece as the prime threat to the stability of the euro- zone, as finance ministers met to try to find ways of building a firewall around the two-year-old crisis.

In Asia, the Nikkei share average dipped during morning trades, with investors cautious as Italian bonds soared ahead of a parliamentary vote on budget reforms. The Nikkei is down 0.2% at 8,752. The Shanghai Composite index is almost unchanged at 2,510 while the Hang Seng is up 1% at 19,794.

Back home, technical analysts peg the support for the Nifty at 5,200 – 5,160 and expect it to face resistance at 5,320– 5,485 levels.

Among individual stocks, Parsvanath Developers could be in focus on reporting 42% drop in September 2011 quarter net profit.

Besides this, ONGC and Punj Lloyd will react to their September quarter results that came in above Street estimates.

Reliance Power could see some action on news reports that the company has tied up loans worth 525 crore for its 40 mega-watt power project in Jaisalmer.

Jaypee Group is reported to be in talks to sell a stake in its cement unit Jaiprakash Associates. This could get the stock back in limelight today.

Watch out for Motherson Sumi as the company plans to seek shareholders' approval to dilute up to 7.5% via equity or convertible instruments on preferential basis in a QIP.

Also keep a tab on ABB, Aurobindo Pharma, Bank of India and IDFC as they declare their respective September 2011 quarter results.