Market today

U.S. stocks stumbled on Monday, with the Dow industrials sliding nearly 680 points, as economic reports from around the world compounded anxiety about a global recession.Stocks fell further after a report showed the manufacturing sector of the U.S. economy slumped at the fastest pace in 27 years in November.Dalal Street is likely to open lower on the back of weak global cues and worsening global sentiment.We would like to take a contrarian view and predict a bounce in the index after a lower open.