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Stocks on Dalal Street are likely to open lower as investors might sell their holdings fearing worsening market conditions. We expect a 1 to percent fall in the benchmark index or the Sensex for the day.
RIL and RPl stocks might be under pressure ahead of the merger meeting as the swap might not work in favor the share holders. GTL Infra is another stock to watch closely for day traders. Banking and Realty will be the sectors that might fall pray to the bears.Overall a downday on the cards for both the indices.
The stock of Satyam Computers might be back on the radar screen of the traders as the bids for acquiring a majority stake in the company might be finalized.IT remained strong and the stocks might hold their levels, as Nasdaq remained strong overnite and rupee depreciation might also help the stocks in this sector