Indian markets open positive on Monday morning
BSE Sensex is trading at 6774.83 up 132.17 pts and NSE Nifty is at 4980.60 up 35.40
The Asian markets are volatile. Australia and Korean markets are in the negative ahead of the September quarterly result announcement.
Indian Banking stocks are expected to come up with some good positive numbers and hence there is a good upbeat on all type of banks - public and private as well as in big and small banks. Sugar stocks had a mixed opening with Bajaj Hindustan and Balrampur Chinni trading in the red while EID Parry which acquired a leading stake in a Bangalore-based sugar maker is in the green today.
Bajaj Auto has hit a 52-week high.
Telecom is seeing buying at lower levels. Analysts say Bharti Airtel is attractive priced for accumulation now.
IT is looking a little bad.
August IIP numbers are expected. Markets wish to see it at 9.5%.
Monday, October 12, 2009 10:22:56 AM
Add commentOctober 12th, 2009