Indian markets open red; Sensex close to sub-19500 levels
November 16th, 2007
The Indian stocks markets, as expected, opened the day in the red. Earlier the Asian markets are trading volatile today. The Hang Seng is down 3%, Seoul Composite and Taiwan Weighted is down by over 2%. JGB futures scale to a 22 month peak.
ICICI Bank is down Rs. 31. HDFC Bank down Rs. 51. Ranbaxy, ONGC, Hindalco, NTPC, Reliance Industries and most other large cap opened in red. ITC, Ambhuja Cements in the top pack managed to stay green.
Midcap index too is down. Reliance Infra, Lloyd Steel, Essar Oil, Essar Steel have opened in the green. Zee News is in green. The Midcap bank Yes Bank is seeing some trading interest.
Overall the market scenario at the opening bell is that the large cap stocks are in red while the midcap is all going green. The Indian markets are managing to stay more better unlike the other Asian stock markets.
Entry Filed under: Equity Markets, Opening trade
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