The European markets are trading firm, expecting a US Federal rate cut and global banking stocks have rebounded. The Indian market has turned slightly volatile. The Sensex is currently trading at 19010, up 71 points while Nifty is at 5637, up 16 points from the previous close. The BSE Midcaps Index is trading in the negative

Educomp Solutions has launched a new IP system called Millenium System, says Shantanu Prakash, MD of the company, on CNBC TV18. The company has signed an MoU with Raffles System of Singapore. It plans to launch 5-7 schools by June 08, 20-25 schools by June 09, he adds. The stock is currently trading at Rs 3400, up 5.5% on the BSE.

Glaxo SmithKline C is likely to see 25% returns in the next 12 months, says Hitesh Agarwal of Angel Broking, on CNBC TV18. The companyÿs two leading brands, Horlicks and Boost, have maintained market share through innovative marketing strategies. The company is expected to launch newer products with assistane from its global parents. The stock is currently trading at Rs 685, up 0.75% on the BSE.