Stock Market View for Today
Posted on March 27th, 2008 in Personal Finance) by Motilal Oswal Securities Ltd |
Todays Market View : POSITIVE BIAS
Expect Indian markets to open down 1-1.5% in line with other Asian markets
Total Rollover stand at - 57% (6mth avg 62%) while Nifty Rollover stands at - 51% (6mth avg 60%)
Tatas buy Jaguar Land Rover for $2.3 bn .While the company has made a profit of ~$200million till December, 2007, the same would put considerable strain on the balance sheet of Tata Motors in the near term . Till further clarity emerges on the funding of the deal , one can avoid the stock