2 million shares The 50share NSE indexwas up 0

"Financial stocks stand to gain the most from the rate cutsand stimulus package," Tarun Sisodia, head of research at AnandRathi Securities, said. "Interest rates will continue to fallby 100-200 basis points in 2009." Traders said investors were wary about quarterly resultsfrom companies, with analysts expecting profits to be dented bya sharp fall in demand, slowing economic growth and recessionin major economies such as the United States, eurozone andJapan. Private sector lender Axis Bank (AXBK.BO) unveils Decemberquarter results on Friday and IT bellwether InfosysTechnologies (INFY.BO) reports on Jan 13. A Tech official denied the report, but Satyam rose 4.31percent to 174.10 rupees. "Political uncertainty in the run up to the generalelections that have to be held by May will also promptpolicymakers to favour further monetary easing over big-bangfiscal spending initiatives," Rajeev Malik, economist atMacquarie Securities, said in a note on Monday. In the broader market, 1,251 gainers outweighed 854 loserson a moderate volume of 92.2 million shares The 50-share NSE indexwas up 0.11 percent at3,124.90.

STOCKS ON THE MOVE Back-office firm HOV Services (HOVS.BO) was up 4.9percent to 30.95 rupees, after it said its board would meet onJan 13 to consider a share buyback. Tata Motors (TAMO.BO) and Ashok Leyland (ASOK.BO) rose 3percent and 2.15 percent respectively to 184.35 rupees and16.60 rupees on a newspaper report the federal government maygive 40 billion rupees to finance state transport firms to helpreplace their ageing bus fleets over the next six months. MAIN TOP 3 BY VOLUME Suzlon Energy (SUZL.BO) on 8.0 million shares IFCI (IFCI.BO) on 7.8 million shares Unitech (UNTE.BO) on 7.3 million shares FACTORS TO WATCH Indian rupee eases on dollar's rise overseasINR/ Indian bond yields drop after early rise IN/ FOREX-Dollar dips vs yen after hitting nearly 1-mth highFRX/ Oil steady above $48 on MidEast, Russian tensionsO/R GLOBAL MARKETS-Asia stocks up on hopes of recovery MKTS/GLOB US STOCKS-Wall St slips on telecom, financials; Apple jumps.N For closing rates of Indian ADRs INADR (Reporting by Ami Shah; Editing by Ranjit Gangadharan). I awoke Thursday to the news that Redskins de facto general manager Vinny Cerrato had resigned, and almost immediately after heard the word that Bruce Allen would be taking over as the actual general manager No doubt, I was excited for the franchise.

It’s no secret that I’ve long thought that while Vinny was a decent talent evaluator that he was a poor roster manager and a change needed to be made at the top. Allen, whose actual title is Vice President/General Manager, may have had a middling record in Tampa, but is an instant upgrade over Cerrato, who only has had one playoff win to his credit this decade (and that when he was subservient to Joe Gibbs) The new rumors are giving me some pause, though It seems the Redskins aren’t done. Washington’s apparently deep in negotiations to hire Mike Shanahan as its President/Head Coach, if you believe these rumors (which have been on-again, off-again for weeks). Many of these same reports insinuate that Shanahan would not sign on to the burgundy and gold while Cerrato still held the reigns, and that Thursday’s activities were merely to appease the former Bronco coach.