Indian markets open positive though cautious about RBI update
April 29th, 2008
The Indian stock markets opened positive this morning. CNX Nifty is up 0.47% while BSE Sensex is up 0.39%. The Largecap, Midcap and Smallcap are trading okay in the first half an hour of trade.
Metal stocks looks good. The BSE Metal Sectoral index is up 1.5%. PSU, Consumer Durables, Healthcare are looking good. IT and Reality sectoral indices are marginally in the red.
Some profit booking is seen in large cap telecom stocks. Both Reliance Communications and Bharti Airtel are in the red. Banking stocks are mixed as both traders and investors are keeping waiting for the key announcements from the Reserve Bank of India (RBI) later today. The Bank Nifty is marginally in the red and is down 0.34%
Tata Steel is trading above the Rs. 800 mark. The script is at Rs. 805.25 up 3.44%
Entry Filed under: Equity Markets, Opening trade
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