Cues to watch for before markets open on Jan 21

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The Sensex and the Nifty are expected to open with gains on the back of positive trade across the Asian region. The SGX Nifty indicates a gain of 11 points.

Most of the Asian markets are higher on reports that credit fears in China are easing due to liquidity injection from the country's Central Bank there. US markets were closed on Monday. The Korean Kospi, Chinese Shanghai Composite and the Japanese Nikkei were all trading higher.

In individual stock action one can watch out for Oil India which is likely to consider interim dividend.

A host of large cap and mid cap blue chip stocks declare their results and most of these are expected to remain volatile through the day. Among these include FMCG major Colgate, Truck major Ashok Leyland, and private sector lender Kotak Mahindra.

Also watch out for the stock of Tata Consultancy Services which fell 5 per cent on Friday, only to rally another 5 per cent on Monday.

Canara Bank may be volatile after the board of the bank declared a dividend of Rs 6.5 per share.

Other stocks like Larsen and Toubro and ICICI Bank may also see some activity ahead of their results later this week.

Story first published: Tuesday, January 21, 2014, 8:33 [IST]
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