Dalal Street is likely to open in the red on Tuesday morning on negative global cues with consolidation the name of the game after a big move yesterday. Wall Street recovered from a 100 point loss on Dow Jones. After hours Hewlett-Packard posted strong quarterly results.
Nikkei is closed today on account of a holiday while rest of the Asian markets are trading in the red Tuesday morning.
Stocks in News :
* The Dainik Jagran group, publishers of India’s third-largest Hindi daily, has bought a stake in Chennai-based EdServ, an education and placement company.
* RPG group-owned Zensar Technologies acquired US-based infrastructure management company PSI Holding , which operates under the name Akibia, in an allcash deal of $66 million, the Indian software exporter said at a conference on Monday.
Markets - Next move critical
The next move of the Market is critical. With expiry on Thursday, major slide in the indices can be ruled out. volatility is likely to stay there but do not expect major moves in the market for the next three trading sessions.
Mumbai realty stocks are likely to be in limelight after Navi Mumbai airport news yesterday. Also stocks like GVK, GMR might see some interest too.