5 cues to note before Indian stock markets open

Updated: Friday, December 27, 2013, 8:34 [IST]

Global markets are trading strong with most of the Asian markets firmly in the green. The Dow Jones closed at a new record of 16,479 points on sustained buying. Here are five cues to note before markets open.

1) SGX Nifty indicates weaker opening for Indian markets

The SGX Nifty is down by 25 points, indicating a slightly weakish opening for the Indian markets. However, this may not always be the perfect indicator for Indian markets opening.

2) Media stocks may be in the limelight

Media stocks like Sun TV and HT Media may be in the limelight as reports predict an increase in advertising spending ahead of the Union Elections.

3) ONGC may see modest selling pressure

The stock of ONGC may see some selling pressure on reports that it has shut its four oilfields in South Sudan. The nation is witnessing internal strife.

4) Retail stocks to be in focus on robust festive sales

Stocks of retailers like Pantaloon and Shopper's Stop may see some action after a leading economic daily carried news that sales this year have been excellent.

5) Banking stocks to stay in focus

The volatile banking stocks are likely to stay in focus on reports that the RBI may unveil major changes in its monetary policy. The changes are expected by the end of the year 2013 or early 2014.

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