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Indian markets takes a bad start on Wednesday

January 16th, 2008

The Indian Stock Markets took a weak opening this morning. Nifty has down the 6000 points mark while the BSE Sensex is at the sub-20,000 levels. Selling is seen across the board – Infrastructure, Private Banks, Power, Auto etc. Midcaps are down too though relatively better than the largecaps.

Sans the TCS, most of the front liners are in the red. Hindalco,Tata Motors, Reliance Energy, Idea Cellular, ICICI Bank, Unitech, NTPC are in the red. Burnpur Cement is at Rs. 40.15 levels.

IT sector is in the red. Mindtree, CMC, Patni, Wipro, Moser Baer are down by 2%. TCS and HCL Insys are continuing to hold in the green.

Corporation Bank, HDFC Bank and ICICI Bank are down by over 2%. Almost all banking stocks on the Bank Nifty are in the red.

Entry Filed under: Equity Markets, BSE, NSE, Opening trade