BOR: Outlook: With the United Progressive Alliance (UPA) gearing up to form the new government, the stock markets in all probability will rejoice...

Market outlook: With the United Progressive Alliance (UPA) gearing up to form the new government, the stock markets in all probability will rejoice with a resounding rally. Bulls are likely to have an upper hand as long as the Nifty trades above the 3650 levels on an intraday basis. Sectors in action for the day: Infra, Telecom, Banks & Engineers stocks

Nifty Outlook: Pivot level: 3651
R1: 3706, R2: 3740, R3: 3800
S1: 3617, S2: 3563, S3: 3529

Alert: 10% circuit breaker on Sensex at 975 points ((15% at 1450 points, 20% at 1950 points))

Results today: Dr Reddys, Essar Oil, Punj Lloyd, Sobha Developers, Essar Shipping, HT Media

On the global face US markets end lower; Dow down 62 points & Asian markets trading lower; Nikkei down 2.8%. The US markets closed lower as energy shares tumbled on worries about weak demand. The Dow Jones Industrial average was down 62.68 points, or 0.75%, to 8,268.64 and the Nasdaq Composite Index slipped 9.07 points, or 0.54%, to 1,680.14. The Standard & Poor's 500 Index was down 10.19 points, or 1.14%, to 882.88. This week, investors will get data on US housing sales on Monday and on housing construction (Housing Starts) on Tuesday. US Jobless data will come out on Thursday.

Stocks in action for the day: Hero Honda, Ashok Leyland, HCL Tech, Satyam

Sectors in action for the day: Infra, Telecom, Banks & Engineers stocks

Ashok Leyland Q4 Standalone: -Net profit at Rs 53.32 crore versus Rs 180.57 crore -Net sales at Rs 1,218.12 crore versus Rs 2,562.01 crore

Hero Honda to replace Ranbaxy in Sensex from June 29

HCL Tech plans to cancel Rs 3000 crore worth of hedges

30.3 Cr Satyam shares to hit the market ((issued to Tech Mahindra subsidiary))