Live: Nifty Likely to Open on Flat Note, Asian Markets Mixed

9:05 a.m.: CLSA has maintained its buy call on Maruti Suzuki for target price of Rs 4,450 per share. CLSA expects an action packed year ahead and says that multiple catalysts are in place to drive strong earnings growth. CLSA adds that passenger vehicle growth will gradually improve and its margins should expand going ahead. (Click here for more brokerage reports)

9:00 a.m.: Rupee opens lower at 63.44/dollar against Friday’s close of 63.39.

8:30 a.m.: Industrial output, as measured by index of industrial production (IIP), grew 2.7 per cent in May. This was lower than the downwardly revised 3.36 per cent growth recorded in April.

Economists polled by NDTV had forecast May industrial output to rise 4 per cent.

8:20 a.m.: Below are the stocks which will be in focus today:

Vedanta, Cairn India: Tom Albanese chief executive officer of Vedanta Resources said that he is confident of a merger between Cairn India and Vedanta by March 2016. He said that the company is in regular touch with the shareholders of both the companies and the response so far has been very encouraging.

Meanwhile, Anil Agarwal, chairman of Vedanta at its AGM said that its merger with Cairn India will strengthen cash flows for the companies and will reduce earnings volatility and funding costs.

IndusInd Bank: IndusInd Bank will come out with results later in the day. Analysts expect the private sector lender to post net interest income of Rs 975 crore and net profit of Rs 665 crore.

Mahindra & Mahindra: Mahindra & Mahindra has sought for shareholders nod for raising upto Rs 5,000 crore.

Eicher Motors: Royal Enfield plans to ramp up capacity to 52,000 units a month by December 2015.

Asian Paints: Asian Paints operations at Sriperumbudur plant have returned to normalcy.

DLF:  DLF plans to hike rates in Gurgaon project despite low demand.

Sintex Industries: Sintex Industries first quarter earnings came in-line with analysts’ estimates. Net profit jumped 12 per cent to Rs 69 crore compared to Rs 61.6 crore on income of Rs 1,471.2 crore.

Unichem Labs: Posted flat first quarter earnings. Net profit slipped 4.6 per cent to Rs 28.8 crore on income of Rs Rs 309.1 crore compared to Rs 291 crore during the same period last year.

Lanco Infra: The company may soon commence port project work in Australia.

Muthoot Finance: Muthoot Fincorp promoters plan to to expand real estate business.

Supreme Industries: RBI has said that the FII investment has reached trigger limits in the company.

8:15 a.m.: The foreign institutional investors (FIIs) sold Indian shares worth Rs 465 crore on Friday while the domestic institutional investors purchased shares worth Rs 590 crore.

8:10 a.m.: Euro zone leaders argued late into the night with near-bankrupt Greece at an emergency summit, demanding that Athens enact key reforms this week to restore trust before they will open talks on a financial rescue to keep it in the European currency area. (Click here for full report)

8:00 a.m.: The Asian markets were trading on a positive note. Japan’s Nikkei was up 1.2 per cent, KOSPI jumped 0.76 per cent and Taiwan Weighted advanced 0.9 per cent. While, Hang Seng was down 0.35 per cent.

7:45 a.m.: The Indian markets are likely to open on a flat note tracking subdued trading of Nifty on the Singapore Stock Exchange. The Nifty traded on the Singapore Stock Exchange known as the SGX NIfty was down 0.06 per cent at 8,365.