No rhyme or reason really!

The market is set to open flat. Some bargain hunting may be seen in counters which could prop up the indices later in the day unless inflation data disappoints. Finance Minister Chidambaram will addre.. What can really explain the sell-off on the bourses on Monday? Some attribute to RBI report on Cobrapost revelations, others say it is the trade deficit data and some others think it may be due to political developments. Perhaps, profit booking at higher levels may be more accepted. The market is set to open flat. Some bargain hunting may be seen in counters which could prop up the indices later in the day unless inflation data disappoints. Finance Minister Chidambaram will address bankers on financing of pending infrastructure project later in the day. The Asian markets are marginally higher. Nikkei and Hang Seng index have gained a tad while South Korea's Kospi index was trading almost a percent higher. China's Shanghai index is however lower. A report stated that US central bank officials are considering an exit strategy for the massive stimulus measures that have been fueling the economy since late 2008. Dow slipped while S&P 500 and Nasdaq managed a positive close. US retail sales data were positive. Results Preview: Dr Reddy's Revenue Rs30.1bn (+13.2% yoy), Reported PAT Rs4.2bn (-1.2% yoy)