Investors took profits ahead of inflation data

Nifty BSE | NSE 10/02/12 Are Mutual Funds betting on Nifty?

CNBC'S Margaret Brennan wrapping up the day's trade in the US markets told that it was mixed trading session on Monday, investors took profits ahead of inflation data out Tuesday, the Dow gained by 20 pts and the Nasdaq and S&P 500 lost on the day.

News that private equity fund Cerberus Captial is now at the drivers seat at Chrysler helped move shares of Chrysler up more than 2%. The German company is selling an 80% stake in the American Chrysler division to Cerberus Capital for more than USD 7 billion that boosted shares of auto maker General Motors and Ford up almost 4%.

Mylan Labs bit down Teva pharmaceuticals in there bidding war for the generic drug units of Merc, Mylan will pay more than USD 6 billion for the Merc Divison and Merc gained fractionally where Mylan tumbled losing 12% of value.

Rupert Murdoch is not giving up his USD 5 billion bid for Wall Street Journal owner Dow Jones. Murdoch says he will offer a seat on the board on his own company NewsCorp to the Dow Jones controlling Bankrupt family if the family agrees to his takeover offer. Dow Jones gained more than 1% in trading and NewsCorp is up 1%.