After a lackluster session yesterday when Sensex and Nifty closed flat, they are expected to open weak today on global cues today. The US markets were closed yesterday on account of Martin Luther King, Jr. Day. The Asian markets are trading in deep red today with Nekkei-225 down over 3% now and Hang Seng down by 3.15%. Traders are cautious on the eve the swearing in of the 44th US president by Barack Obama.

Some of the realty sector stocks made a sharp come back in the after noon session like Unitech, HDIl, India Bul Real Estate,Akruti city etc. The Indian share markets will be opening a gap down today by some points. A recovery may come in later on. We can look to enter into some of the scripts at lower levels and sell them on rally. The crude oil has also plunged below the $35 /barrel levels on account of lower demands.

The Royal Bank Of Scotland(RBS) group has posted a huge loss in the 2008-09 year of around $40 billion.The economic crisis seems to be deepening day by day. The UK government has come out with its 2nd banking rescue plan to save the major banks.

Powered by MightyAdsense

Related posts:

1. Indian Share Markets To Open Weak: TCS Q3 2009 Results Today
2. Markets Open In A Weak Note
3. USA Officially Declares Recession: Dow and Nasdaq Crash,Asian Markets In Deep Red.
4. US And Asian Markets Crash: Bad Day Ahead For Indian Markets Too.
5. JPMorgan About To Buy Ailing Bear Stearns,Fed Cuts Discount Rates By 3.25%,Asian Stock Markets Crash–>Indian Markets To Follow The Cue.
6. Intra Day Calls For June 10:Markets Look Weak