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Indian markets open in green on Tuesday

February 12th, 2008

CNX NIFTY is at 4876.05 up by 0.39%. CNX NIFTY JUNIOR is at 9159.30 down by 0.57%, CNX IT is at 3977.15 up by 0.53%. Sensex is at 16,661.76     and is up 0.19%. Sensex Smallcap and Midcap indices are down. The signs show are clear the early upward trend is mostly on the large cap stocks while the Midcap and Smallcap stocks are pulling down in the first hours of trade.

Technology stocks again demand a mention as most of the large cap IT stocks are trading in the green. Satyam, Wipro, Infosys, TCS, HCL Tech are all in the green. Satyam is gaining momentum with increased volumes.

On the Banking front, ICICI Bank is up 3.25%, Axis Bank is up 1.85% and PNB is up 0.47%. State Bank of India is at 2058 levels and is marginally in the green. Bank of India is down 2.23%.

A look at the largecap stocks shows Sterlite, SAIL, Hindustan Unilever, Cipla, ONGC, Bharti Airtel, Hero Honda, National Aluminum are all up while Reliance Energy, Tata Power, L&T, Glaxo, Ranbaxy are in the red.

Midcap gainers include J&K Bank, Rolta, Moser Baer, Sterlite Bio are in the up while IVRCL Infra, Patel Engineering, Bajaj Hindustan, CESC are all down over 3% while Nagarjuna Constructions, HCC, Praj India are down over 2%

Sectorally Bank, Auto, IT, Metal, Realty are in upwards whule yesterdays hit Consumer Durables in down this morning.

JK Infra listed at Rs. 115 but slipped to Rs. 90 levels in the first few minutes of trade.

NTPC is attracting huge volumes in recent times and deserves a special mention. Analysts put a Buy / Accumulate rating of this stock with a target of Rs. 283 by the end of year. Unlike its pees, NTPC isn’t a buzzing stock on volume terms but is surely a silent star.

10:10 AM IST

Entry Filed under: Equities, BSE, NSE, Opening trade