Dalal Street might witness sub-dued trade on the first trading day of the week. Expect the benchmark index or the Sensex to trade in a band of 100 points for the day.Largcap stocks look weak, as it has been the case for more than a month. However some interest in select midcap stocks is not ruled out.
Telecom Stocks, especially Bharti Airtel might be active this morning after the Kuwait based Zain telecom group agreed to sell its African assets to Bharti for $10.7 billion. Expect a 3 to 4 percent move in Bharti as the news has already been factored in to the stock price. Idea and Spice Communications might move along with the blue chip.
VIP Ind, Hind Oil Explorations and HBL Power are some of the stocks that might show some strength in the coming days. Railway related stocks like Titagarh Wagons and Texmaco are two stocks that looked explosive on Friday and might see further up side this week. Lakshmi Energy and Hexware technologies are the two other stocks that must be kept on the radar for the next few days