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Sensex  likely to have Positive opening ; Inflation nos in focus.

The global picture looks good today and may result in positive opening for the Indian markets. The inflation numbers for July will be eyed.

There seems to be a lack of confidence in the market as to how global economic growth will pan out. Apart from the global concerns, high domestic inflation and fears of an interest rate hike will keep the Indian stock market volatile this week.

Today's opening is likely to be on a firm note on account of positive global markets. The July monthly inflation numbers are scheduled to be released today; this may offer some cue on what the Reserve Bank of India may decide in its next money policy meeting on September 16.
State Bank of India's net profits for the first quarter ended June 30, 2011 came in at Rs 1,584 crore, a decline of 46% as compared to Rs 2,914 crore recorded in same period last year, stock will remain in focus.

Global Market:

The European markets ended slightly higher on Monday (August 15, 2011), losing steam after last week's late rally, though Nokia jumped on bid hopes after Google offered to buy peer Motorola Mobility.

The US markets rallied on Monday, erasing last week's losses, after a raft of big merger and acquisition announcements spurred buying momentum.
The Asian markets were trading higher on Tuesday (August 16, 2011) tracking gains on the Wall Street. SGX Nifty was trading 22.5 higher, pointing for a positive start on the Indian bourses.

Stock To Watch:
1) SBI