BSE Sensex marginally up in early trade

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Infosys shares soared on the back of N.R. Narayana Murthy being re-appointing at the helm of the affairs in the big Indian IT company.

Sensex had plunged a massive 455.10 points or 2.25 per cent on Friday to settle at 19,760.30 while Nifty of NSE had closed 2.26 per cent lower at 5,985.95 points.

Indian stocks to watch-June 3

(Reuters): FACTORS TO WATCH

India’s manufacturing PMI for May (0600 GMT)

The key allies of India’s Congress-led coalition government are likely to meet on Monday to discuss how to bring in important laws – the food security bill and the land acquisition bill.

India’s Sun Pharma in talks to buy Sweden’s Meda for $5-$6 bln.

Under pressure Infosys recalls Narayana Murthy as chairman.

India’s Maruti Suzuki May vehicle sales down 14.4 pct y/y.

India’s Tata Motors sales down 23 pct in May.

Reliance Industries’ KG-D6 output drops to below 15 mmscmd.

Reliance Communications to shift 5,500 call centre staff to third-party BPOs.

India’s April infrastructure output growth slows to 2.3 pct y/y.

India’s IOC raises petrol,diesel prices.

India’s monsoon rains hit southern Kerala coast.

India’s Mahindra May sales down 1 pct.

Electrolux scouts for partner to enter India’s television and audio products market.

FDI dips by 38 pct to $22.4 billion in 2012-13.

Essar Oil to double refining capacity of Vadinar plant.

PM to decide gas price as eGoM refuses to take call.

GLOBAL MARKETS ROUNDUP

Nifty futures on the Singapore Exchange are 0.29 percent down and the MSCI-Asia Pacific index excluding Japan is 0.04 percent higher.

Asian shares began the new month on a cautious tone on Monday as uncertainty over how much longer the current U.S. stimulus would continue prompted investors to take profits from recent highs and pulled global equities lower.

U.S. stocks sold off in late trading to close sharply lower on Friday,with the S&P 500 posting consecutive weekly losses for the first time since November,as investors retreated after a seven-month run of gains.