Dalal Street might open marginally in the red on Monday morning as follow up buying might not be evident after Friday's decent pull back. Wall Street closed in the green on Friday, hitting a 2 year highs might see some profits off the table in the next couple of weeks due to window dressing.
Asian Markets lead by Shangai are trading positively.
News Bytes
* Coal India, NPC mull JV for nuclear power
* Redington India Promoters' Sell 14% Stake
* Fortis Healthcare Acquires UP-Based Vivekanand Hospital
* Sequoia Bought 7% Stake In Hindustan Glass
* SEBI tightens promoter norms
* K Sera Sera on buying spree, acquires coal mine in Indonesia
* L&T, Russian firm in Nuclear Power JV
Markets - Ranged trade with volatility
Markets are likely to shed some weight today. FIIs were short in Index futures on Friday. While volumes were low during Friday's rally, Nifty at 5600-5700 might provide the much needed support. Indian investors might not see major moves above 6000 levels for Nifty before this year end.