Daily Call - Jan 19 2009

The US markets are closed today for Martin Luther King holiday and Obama gets sworn in Tuesday, when a rally in the US markets is generally expected. With this development in mind and looking at the Friday close of the Indices, expect the Indian stocks to open higher today and generally bask in the mild winter sun.



It is difficult to visualize how the homecoming of a prodigal brother will help the stocks of various companies involved. The best way to make the most of these rumours is to take the options route, which is fairly well trodden in some of the stocks concerned. We could see the market breadth improve today. Mr P C Gupta’s assertion that money may have been diverted from Satyam, should improve the case for the company.