Cues to note for before market opens on Jan 20

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Markets are expected to open slightly lower as the SGX Nifty suggests a cut of 19 points. Asian markets are trading slightly lower with the Japanese Nikkei, Singapore's Strait Times and the Chinese Shanghai Composite all down in trade.

In individual stock action watch out for the shares of Reliance Industries, which might gain some ground following a set of results that beat expectations. The company declared its results after market hours on Friday and hence the stock will react today to its Q3 numbers.

Wipro too declared numbers after market hours on Friday and once again like Reliance the company's Q3 performance beat market expectations.

There are no major big wigs that declare their Q3 results today, except Ultratech Cements. So, the stock maybe volatile ahead of its earnings.

Other mid cap stocks like Aptech and Dewan Housing may also be volatile ahead of their results.

Tata Consultancy whose stock price crashed almost 6 per cent on Friday's might see more action today. Analysts are not ruling out a bounce back in the stock on short covering.

Overall, the markets are likely to grind lower in trade with action restricted to select stocks.

Story first published: Monday, January 20, 2014, 8:37 [IST]
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