Indian markets open positive, IT continues to stay dull
December 27th, 2007
Nifty opened in the green and is up about 0.27%. Sensex is up 90.85 points and is up 0.45% in the first few minutes of trade.
The Information Technology sector however seems to continue to stay dull. The Large Cap IT stocks are marginally in the red while the Midcap IT Stocks are mixed. Infosys, Satyam and Wipro are all in the red.
Traders seems to be bullish on the Banking sector. Corporation Bank and Kotak Bank continued to see the uptrend are up over 1% this morning. ICICI Bank, HDFC Bank, Axis Bank, Union Bank of India are trading positive. SBI is at about Rs. 2425 levels.
Amongst the Midcap gainers of the first hours of trade are Amtek Auto, Ansal Infra, HCC, Shree Cement, Tata Chemicals, Ashok Leyland, Hotel Leela, BEML, Titan Industries, Chennai Petrol amongst others.
In the Telecom space, both Reliance Communications and Bharti Airtel are marginally in the red.
Entry Filed under: Equity Markets, BSE, NSE, Opening trade
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