The rupee is likely to open solider on Monday as optimism from the recent aid deal for Greece, strong growth pointers from Germany and a fluidity injection expected from the European Central Bank help progress global risk appetite.

* Traders said the rupee should open around 48.75 to the dollar and move between 48.65 and 49.10. It closed at 48.9450/9550 on Friday, strengthening 0.6 percent last week, its second straight week of gain.

* The European Central Bank will this week offer, for the second time, an unlimited volume of cheap three-year loans to European banks.

* However, the MSCI index of Asian stocks ex-Japan was down 0.41 percent at 0221 GMT and the Nifty India stock futures index in Singapore was 0.29 percent lower.

Domestic Equity Outlook – NIFTY closes the week

with loss of 2.5%

Indices took breather last week after advancing for seven straight weeks

in row adding about 20.1% to index. Last week NIFTY started on a

strong note however rally soon fizzled out as NIFTY met with strong

technical hurdle around 5,655 mark. By end of the week, NIFTY closed

with a loss of 2.5% at 5,426 mark while BSE Sensex closed the week

with loss of about 2% at 17,921 mark. None of the sectoral indices closed

On the corporate news front, India''s third largest software exporter, Wipro announced its Q3 results. The comapany''s reported net profit rise of 3.4% at Rs 1319 crore against Rs 1276 crore in the previous quarter fiscal.

At 09:37 IST, the BSE Sensex was trading down by 28.05 points or (0.15%) at 19,018.49 and the NSE Nifty was trading lower by 7.30 points or (0.13%) at 5,704.

The BSE Mid Cap was trading up by 52.40 points or (0.73%) at 7,228.59 and the BSE Small Cap was also trading up by 80.67 points or (0.91%) at 8,985.85.

Gainers from the BSE Sensex pack were RIL up by (1.31%) at Rs. 982.50 followed by BHEL by (1.10%) at Rs. 2,203.40, Reliance Infra by (0.77%) at Rs. 722.50, Reliance Communication by (0.71%) at Rs. 134.20 and Mahindra & Mahindra by (0.68%) at Rs. 765.60.

Losers from the BSE Sensex pack were Wipro down by (4.04%) at Rs. 458.70 followed by Bharti Airtel by (1.73%) at Rs. 334.40, HDFC by (1.12%) at Rs. 655.35, Tata Motors by (0.89%) at Rs. 1,185 and Sterlite Industries by (0.75%) at Rs. 179.20.

The Overall market breadth was positive as 822 stock were advancing while 403 stocks declined and 46 remained unchanged on BSE.

In the Asian front, the major indices were trading on a mixed note. The Hang Seng and Taiwann Weighted index inclined by 0.12% and 0.49% respectively. While, Seoul Composite, Nikkei 225 and KLSE Composite trading down by (1.05%), (0.76%) and (0.93%) respectively.

Among the BSE, selling pressure is seen among HC, FMCG, Metal, Teck and IT as the indices slumped 0.20%, 0.44%, 0.50%, 0.72.%and 0.82% respectively. Meanwhile, buying support is seen among CD, Power and Realty counters as the indices surged 0.70%, 0.70% and 0.67%respectively. Overall market breadth is positive as out of total 2,305 stocks traded in the BSE, 1,509stocks advanced and 711 declined while 85 remain unchanged.