BANGALORE (Reuters) - The BSE Sensex (^BSESN : 14158.95 +115.55) is expected to pull back
on Tuesday from the previous day's biggest one-day drop in six months, but there will be resistance
as a large budget deficit raises concerns about the government's finances.
"There could be buying at lower levels but no major bounce back should be expected," said
Ambareesh Baliga, vice president at Karvy Stock Broking. "The budget disappointment will weigh
though it's a different question if it is justified or not."
Shares in Bharti Airtel (BHARTIARTL.BO : 792 +8.4) will be watched after South Africa's MTN
Group said it was still in discussions with India's leading mobile operator but gave no further details
about the talks, which could lead to a full merger.
Source: http://in.biz.yahoo.com/090707/137/batuid.html
on Tuesday from the previous day's biggest one-day drop in six months, but there will be resistance
as a large budget deficit raises concerns about the government's finances.
"There could be buying at lower levels but no major bounce back should be expected," said
Ambareesh Baliga, vice president at Karvy Stock Broking. "The budget disappointment will weigh
though it's a different question if it is justified or not."
Shares in Bharti Airtel (BHARTIARTL.BO : 792 +8.4) will be watched after South Africa's MTN
Group said it was still in discussions with India's leading mobile operator but gave no further details
about the talks, which could lead to a full merger.
Source: http://in.biz.yahoo.com/090707/137/batuid.html
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