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Indian markets following Asian market trend; Open in red - May 25, 2007 - 10:15 AM

May 25th, 2007

Following the trend seen in the Asian markets, the Indian stock markets continued to slip today. Lack of proper direction by US cues and failure of local markets to cheer up are believed to be the reason for the markets to slip today.

NIFTY is at 4169.10 and is down 0.85%. NIFTY JUNIOR is down by 0.62%, CNX IT down by 0.25%. BANK NIFTY is the worst effected so far having lost 1.19%. CNX 100 is down 0.83%.

Sensex is trading at 14,116.80 points and lost 101.31 points in the opening hours. The index is down 0.71%. Both Midcap and Smallcap indices too are in the red. Metal and FMCG are top the charts amongst sectoral losers on the Sensex.

Entry Filed under: Equity Markets, Opening trade