Archive for October 19th, 2007

Selling and Volatility as Indian stock markets open in red

Despite the Finance Minister Chidambaram giving clearification to the FII’s in the US when taking part in a ICICI conference, the Indian markets continued to see the dears chasing the bull with huge sell offs and volatility in place.

Sensex is down about 300 points and Nifty about 100 points. Selling is visible across the board. Reliance, Jet Airways, Kotak Mahindra Bank, Maruti, Bharti Airtel, BHEL, NTPC, PNB are all in red. ONGC and tech stocks however are in green. Infosys, TCS, Satyam and Wipro are all trading positive.

Add commentOctober 19th, 2007

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