Indian markets open mixed – October 31, 2007
October 31st, 2007
The Indian stock markets are trading mixed today. Markets are considering the RBI announcement made yesterday and the Fed rate announcement that will be made today. Nifty 50 is up by 54 points and Sensex is up 110 points.
Bharti Airtel announced its Q2 results today. Says about 60% of its total loan portfolio is hedged. Its overall margins are boosted by non-mobile income. Bharti says the de-merger process of Bharti Infratel will be finalized in November – December 2007 and that DTH services will begin by the end of the year. There is no exception gain in forex during the Q2.
Top gainers in the early hours of trade are Numeric Power, MRF, Zodiac Clothing, REL, RPL, Tata Power, Sterlite, Reliance Communications, NTPC, Tata Motors, SBI and Ranbaxy. Top losers list is topped by the IT Sector - Satyam, TCS, Wipro, Infosys down by about a percent. Other losers include Sun Pharma, Hero Honda, Glaxo, Cipla and HDFC Bank
Entry Filed under: Equity Markets, Opening trade
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