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Notwithstanding yet another grenade lobbed into the cement manufacturer’s tent by the Government, stocks are likely to open higher taking cue from the international markets, which rose in unison Tuesday. The party continues in Asia with the Nikkei cruising with gains of 250 odd points this morning.

Yesterday’s 169 point rise in the Sensex is to be seen just as a corrective step of the 626 point fall we had Monday. Technically, unless the gap between 12811 and 12984 is closed , the markets will remain in bearish trend. Some short covering is seen in the morning. But later expect reality check
to set in.

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