Opening Bell: Markets to remain Firm today

Indian stock markets are expected to remain firm today backed by recovery in Asean and US Markets. Nasdaq was up 12 points, whileDow Jones was up 7 points. Japan's Nikkei was up 126 points. Mutual funds are reported to have resumed buying off late. The Q2 results wil be kicked off tomorrow by Infosys. Firm trend is also expected in Cement stocks, especially the mid size cement companies.

Stocks in News

The company is going to kickoff the Q2 Earnings calendar tomorrow. The stock may see action paked volatility today with pre result declaration trading in the stock.

DCB IPO Oversubscribed
Development Credit Bank Ltd witnessed a buoyant response from investors for its public issue of 7.15 crore shares, which closed on Friday with an oversubscription of more than 30 times.

Moser Baer
Govt has imposed anti-dumping duty of Rs 2.24-4.20 on rewritable CDs imported from China, Taiwan, Singapore & HK. The move is expected to be a positive for Moser bayer.

Others Stocks expected to move up today
Based on trading patterns Kotak Mahindra Bank, Mphasis BFL, Satyam Computers and Karnataka Bank are expected to remain firm.