Today, we expect the market to open flat. Thereon, it would continue to remain choppy with stock specific action. Lack of positive triggers and uncertainty ahead of the F&O expiry on Thursday would keep the bulls on the sidelines. The bulls managed to regain some lost ground yesterday. However, one should not get lured by this recovery. Lack of participation by the FIIs is making it tough to predict a clear direction.
Yesterday,the benchmark Sensex closed higher, erasing early morning losses led by recovery in ICICI Bank and Satyam Computers. However, RIL was the major laggard following reports that the company is planning to transfer 80% of its participatory interest in KG D6 block.
