Indian markets open on positive note; Banking stocks zooms
May 15th, 2008
The Indian stock markets opened on a positive note this morning. Nifty is trading at 5075 and is up by 1.75%. CNX IT is up 1.44%. Bank Nifty is up 2.21%.
Private banking stocks are getting more attention this morning. ICICI Bank is up 3.52%. Kotak Mahindra Bank, Axis Bank, IDBI are all up by over 2%. State Bank of India is trading at 1689 levels. IDBI passed the Rs. 100 mark and is trading at Rs. 100.20 levels.
Satyam Computers is down by 2.62% after a negative news from one its old alliance in the UK. Infosys Technologies on the other hand is up by 4.44%. IFCI, Reliance, Tata Steel, SAIL, Reliance Petrol, Reliance Capital and L&T are topping the volume charts.
Entry Filed under: Equities, Banks & NBFC, BSE, NSE, Opening trade
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