Pre Opening: Sensex may see another red opening

The Indian markets may see a red opening on subdued cues from the Asian markets and the indicator SGX Nifty is down 46 points at 5,235.

In the Asian markets, Hong Kong shares extending their drop after losing ground in the previous three sessions, as energy producers slid further on a fall in crude-oil prices overnight, while worries about Chinese policy tightening kept property developers pressured. The Hang Seng Index id down 0.6% at 23,020.

In the other markets, Nikkei dropped marginally to 10,614 as investors started to book profits.Jakarta Composite tumbled 1.7% to 3,356. Taiwan Weighted dropped 1% to 8,907. Straits Times and Seoul Composite slipped 0.5% each in trades.Meanwhile, Shanghai Composite managed to hold in green at 2,781.

The stocks to watch for the day are Mahindra & Mahindra, Rural Electrification Corporation, Reliance Infrastructure, MTNL and United Breweries.