Indian markets open weak, Reliance Power lists at Rs. 525
February 11th, 2008
The Indian Stock Markets opened weak this morning. Nifty is down 1.48% and is at 5044.4 levels. Nifty Junior is down 1.06% and is at 9637.35. CNX IT and Bank Nifty are marginally down. CNX 100 is down 1.43%, CNX Midcap is down 1.38% while Nifty Midcap 50 is down 1.63%
Sensex is at 17,285.93 down by 178.96 points and is down 1.02%. BSE Midcap and Smallcap indices are down at 1.29 and 1.78 respectively. Almost all Sensex sectoral indices except for the IT are down.
Reliance Power listed at Rs. 525 as against its listing price of Rs. 450. The script however is trading down by 2.5%. Volumes are going very strong as expected. 4.3 Lakh crores are traded in the first few hours of trade.
IT sector is looking reasonably strong today. Infosys and Satyam are up over 2%. TCS is up by 1.68% while Wipro is down 0.73%. HCL Insys, Patni and Finantech are down over 2%
Entry Filed under: Equities, BSE, NSE, Opening trade
2 Comments Add your own
1. domains | February 17th, 2008 at 11:07 pm
The news is just out the Reliance Power is offering free bonus shares. Bonus Shares!! that too free!! sure a delight for Reliance Power subscribers. Need to wait for more details.
2. domains | February 23rd, 2008 at 11:33 am
Effective from February 29, 2008, Reliance Power will be replacing Take Solutions in the BSE 500 index. Further, Reliance Power will also be listed in the BSE Power Index.
The BSE Power Index has some leading names including BHEL, Reliance Energy, NTPC, Tata Power, Suzlon Energy, ABB, Siemens, GMR Infra amongst others.
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