War , Rumours , Creates Panic in Dalal - Street
IT stocks are likely to be in the limelight, following the recent development with Satyam Computers. the companies board which was supposed to meet on the 29th has now defered its meeting to the 10th of January 2009 and has also boradened its agenda to expand the scope of the meeting including a stake sale. We believe that IBM will be the likely front runner in this race as the company is sitting on a huge pile of cash and will be a good fit for IBM's business. The other names that are being floated in the markets include the PE firm Texas Pacific Group (TPG), Acccenture and HP.
Cement pack is likely to be under pressure as major firms like ACC are mulling further cuts indicating a rough course for cement manufacturers. Realty and commodity space might pull back after a suffering losses last week.
Other stocks looking weak: Crompton Greaves, LITL ,Tata steel,Bhel, Aptech
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