Sunday 31 May 2009

BSE Sensex expected to open higher on strong Asia

The BSE Sensex is expected to open higher on Monday as positive Chinese manufacturing data added to signs the world's third-largest economy is stabilising, lifting sentiment across Asia. Sun Pharmaceuticals, India's largest drugmaker by market capitalisation, will be watched after it reported a 45 percent fall in March quarter net profit on Sunday. Tata Steel Ltd will also be on the radar after its unit, Tata Steel UK, won approval from banks to ease conditions on 3.7 billion pounds of loans it took to buy Anglo-Dutch Corus. Top telecoms firm Bharti Airtel will be in focus after South African MTN's No. 2 shareholder, Lebanon's Mikati family, said it supported merger talks with Bharti and would vote in favour of a $23 billion cash and share swap.

For further details visit at : in.reuters.com/article/businessNews/idINIndia-40003520090601

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