Market likely to bounce back and close 200 point up.Asian stocks inched higher after a good show by the Wall Street on Friday.The Nikkei 225 Stock Average inched up 5.21, or 0.1 percent, to 8,744.73 on the opening bell.
Satyam Computer Services Ltd said Sunday it is rescheduling its next board meeting to consider options after it canceled plans to buy infrastructure firm Maytas Properties for about $1.6 billion due to investor opposition. The board meeting, now set for Jan. 10, will "broaden the scope of its deliberations beyond a possible buy-back of its stock," according to Satyam Chairman Ramalinga Raju. Possible moves include changing the size and composition of the board of directors and "conducting a review of the company's strategic options to enhance shareholder value," for which it has engaged DSP Merrill Lynch. "Satyam's Board of Directors recognizes the serious nature of certain questions raised by the events of the last two weeks," Raju said.
