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Indian markets take a marginally green opening

February 1st, 2008

The Nifty gained 50 points and Sensex is up 161 points. Lack of significant big trades has put an impact on the volumes which in turn has made the stock markets trading on script specific movements. BSE Sensex, Midcap index and Smallcap index are marginally in the green.

Future Capital Holdings got listed today. The script touched Rs. 1081 in the early hours of trade but selling quickly came in as the script came down to Rs. 840 levels. Future Capital is on plans to gain strength in the consumer finance space and then scale up to the other financial services areas. The company is aiming to make significantly large profits in 2010. The company plans to start its services in the Big Bazaar, Pantaloon and its other retail outlets, then move into other shopping malls and real estates and then to play head on with other financial players in its segment.

HFCL is trading at Rs. 25.70 levels making the script one of the worst hit in the recent times. This is despite of the market rumors that Reliance Communications is eyeing to acquire the company.

Entry Filed under: Equities, BSE, NSE, Opening trade