BOR: Outlook: Indian markets are expected to open in negative terrain on the back of weak global performance.

Market Outlook: Indian markets are expected to open in negative terrain on the back of weak global performance. An intermediate correction to 4,150 is likely, but medium-term uptrend remains intact. Don't get carried away with euphoria in mkts traders are advised to buy on dips sell on rally.

Nifty Outlook: Pivot Point: 4331

R1: 4496, R2: 4673, R3: 4837

S1: 4154, S2: 3990, S3: 3812

Indian ADRs: Patni, Satyam dip over 8.5%, Infy down 5.4%

Results today: PNB, MphasiS, Adani Enterprises, Bajaj Auto Finance, Bajaj Finserv, Bharat Forge, Crompton Greaves, Deepak Fertilisers, Mundra Port, Tata Investment

On the global front: US mkts end mixed; Dow Jones down 29.23 pts while Asian mkts trading mixed; Nikkei up 40 pts. The US markets ended a rocky session mixed as banks rally fizzled and an unexpected drop in the housing starts left investors a little shaky. The Dow Jones Industrial Average shed 29.23 points or 0.34%, to close at 8,474.85 and the S&P 500 Index lost 1.58 points or 0.17%, to 908.13. However, the NASDAQ Composite gained 2.18 points or 0.13% at 1,734.54.