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Indian markets open in red, Sensex down by over 200 points

February 15th, 2008

The Indian stock markets had a weak opening this morning. The Asian markets are trading mixed. Nifty is down 0.68% while Sensex is down 1.23%. Selling is evident largely in largecap stocks.

The Sensex opened at 17,541.17 and is currently at 17,548.43 down by 218.20  points or 1.23%. The Midcap Index is down 1.13% while the Smallcap index is down 0.81%

Selling pressure is seen across all the sectors and heavily in Consumer Goods, Realty and Power sectors. IT too had a weak opening.

Infosys is down by 1.77%, Satyam down 2.04%, TCS and Wipro are marginally down.

Bank of Baroda and Oriental Bank are down over 2% while ICICI Bank and HDFC Bank are marginally down. Reliance group stocks Reliance Petrol, Reliance Industries and Reliance Energy top the volume charts followed by L&T, Infosys and ICICI Bank.

Midcap gainers so far include Chennai Petro, Shree Cement, GE Shipping, Tata Chemicals, Bajaj Hindustan amongst others. Midcap losers include HCC, Ansal Infra, Lanco Infra, Praj Industries amongst others.

1 U.S. dollar = 39.7124816 Indian rupees

10:15 AM IST

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