"The markets will possibly start lower on global concerns, but might stabilise later in the day as the developments in the Greece are more of a political nature," said Deven Choksey, chief executive at brokerage K.R. Choksey.
State-run Hindustan Petroleum Corp Ltd (HPCL) is considering a further increase in petrol prices as it struggles to cut down on retailing losses, its finance director said on Tuesday.
HPCL and its fellow state oil product sellers Bharat Petroleum Corp Ltd (BPCL) and Indian Oil Corp tend to move their prices in tandem.
The world's largest two-wheeler maker Hero MotoCorp would be watched after its October sales inched up 1.3 percent from a year earlier to 512,238 vehicles. Ambuja Cement would also be in focus after its September quarter net profit lagged market estimates.
FACTORS TO WATCH
* Indian rupee report
* Indian bond report
* Euro near 3-week low as Greece rattles investors
* Crude falls on Greek debt worries, China data
* Asia shares, euro fall on debt worry, FOMC eyed
* Greek vote brings uncertainty back to Wall St
* For closing rates of Indian ADRs
STOCKS TO WATCH
* Bearings maker SKF India , after it reported about 36 percent jump in its September-quarter net profit.
* Pharmaceuticals firm Merck Ltd , after it posted 19 percent fall in its September-quarter net profit.
* Drugmaker Piramal Healthcare Ltd , after it announced settlement of a patent litigation with Baxter Healthcare related to generic version of suprane.
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