Indian markets open in red; Follows Asian peers

January 21st, 2008

Nifty is down about 1.42% while Sensex is down 3.49%. Indian stock markets are following its Asian peers. The red opening in the market is well expected but market experts feel a recovery is possible post mid day.

Reliance, ICICI Bank, NTPC, Infosys, L&T, Reliance Communications all opened in the red as the first trades came out. The Satyam is trading at Rs. 370 levels. Satyam came up with its Q3 numbers today.

UCO Bank, IDBI, Balrampur Chinni, Hotel Leela and some popular midcaps are down. L&T touched Rs. 3800 levels today. SR Oil is down by over 3%.

Cement sector how over looks reasonably better compared to most other peers.

Entry Filed under: Equities, BSE, NSE, Closing Bell

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