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.

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