Opening Bell : Good opening, Volatility to continue

Derivatives Expiry, Liquidity to drive the markets

Sensex ended up down nearly 100 points yesterday. The sensex closed at 14411 and is still 300 odd points away from its all time high. On Thursday the markets are expected to open strong. However, the volatility may be high resulting in major ups and downs due to the future and options expiry. Asian markets are showing a mixed trends. Chinese markets are still struggling with yesterday's downturn that refreshed memories of the May 17th episode of the Indian markets.

Stocks to Watch

McDowell Holding This stock listed yesterday at 20% premium to its list price and there was very minimal trading. There was a beeline for buyers on this counter. Investment Guru expects this trend to continue for few more sessions since the stock is currently qouting at attractive valuations

MIC Electronics This stock saw phenomenal listing listing yestrday. The stock ended at 340 yesterday against the offer price of Rs. 150. Investment Guru is of view that the stock is quite expensive at the current levels and fresh entry should not be taken in the stock. The tsock should cool down a bit in coming days once the listing euphoria is over

Madras Cements came up with good set of numbers. The net profit zoomed 217 % . Net Sales also rose 45% . Markets would welcome the strong numbers posted by the company.

Escorts may see a further downside after its star performer Dr. trehan moves to Apollo Hospital. Around 20 other doctors are expected to move with Dr. trehan. Apollo hospital stock should continue to cheer up on this move.