Dalal Street
Mahindra Satyam, the cynosure of traders is all set to disclose revenue and profit figures for 2008-09 and 2009-10 later in the day today. Last week Mahindra Satyam Ltd announced that it would de-list from the New York Stock Exchange as it would not be able to meet the October 15 deadline for preparing financial statements under US accounting standards. A financial newspaper reported that Mahindra Satyam might settle with Raju's family over the latter's claim for Rs 1250 crore investment in Satyam.
Indian markets might take a few more days of breather before the upmove. Atleast from a short term we do not see major issue with the market. Retail participation is reportedly on an uptrend.